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December 19, 2012
12:39 EDTCASYCasey's General Stores extends CEO contract to April 30, 2015
On December 18, Casey’s General Stores entered into an Amendment to Employment Agreement with Robert J. Myers, President and CEO. The Amendment generally provides for the continued employment of Mr. Myers as President and CEO through April 30, 2015 under the terms of the Prior Agreement. The Amendment also provides that the retirement benefit payable to Mr. Myersunder the Prior Agreement, in the amount of $330,000 per year, shall be paid in monthly installments commencing on January 1 of the year following Mr. Myers’ separation from service, and continuing for a period of ten years thereafter or until the death of Mr. Myers and his spouse, if earlier. All other provisions of the Prior Agreement remain in effect.
News For CASY From The Last 14 Days
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November 26, 2014
07:04 EDTCASYCasey's General accounting error should not affect dividend, says RBC Capital
RBC Capital does not expect Casey's accounting error to affect its dividend. Despite the error, the firm increased its price target on the name to $84 from $80 as it rolls its valuation forward. RBC keeps a Sector Perform rating on the shares.
November 25, 2014
10:21 EDTCASYCasey's General Stores falls on financial restatements
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10:00 EDTCASYOn The Fly: Analyst Downgrade Summary
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09:09 EDTCASYCasey's General Stores downgraded to Neutral from Buy at Northcoast
Northcoast downgraded Casey's to Neutral citing valuation. Price target is $83.
November 24, 2014
16:14 EDTCASYCasey's General Stores says remains committed to FY15 financial goals
Casey's General Stores said its tax error is not expected to affect its continued quarterly dividend payments of 20c per share. Additionally, Casey’s said its long term growth plans remain on track, and that the company remains committed to achieving its financial goals for FY15. Casey’s financial goals for Fiscal 2015 include: Increase same-store fuel gallons sold 1% with an average margin of 15.3 cents per gallon ; Increase same-store grocery & other merchandise sales 5.3% with an average margin of 32.1%; Increase same-store prepared food & fountain sales 9.5% with an average margin of 60%; Build or acquire 72 to 108 stores and replace 25 existing locations.
16:12 EDTCASYCasey's General Stores pays $30.4M plus interest to resolve tax error
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16:10 EDTCASYCasey's General Stores to revise financial statements for accounting error
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