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August 7, 2014
07:36 EDTDSCIDerma Sciences reports Q2 EPS (34c), consensus (46c)
Reports Q2 revenue $20.9M, consensus $21.47M. “Our AWC business faced headwinds during the second quarter that were specific to the U.S. and were temporary in nature, including reimbursement and competitive pressures. While AWC sales results were below expectations, our franchise continued to grow and I am pleased with how effectively the Derma Sciences team addressed those challenges and how well we are positioned for the future,” said Edward J. Quilty, chairman and CEO.
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March 20, 2015
15:30 EDTDSCIBroadfin Capital raises stake in Derma Sciences to 8.3% from 7.4%
On March 19, Broadfin Capital and certain of its affiliates entered into a letter agreement with Derma Sciences. Pursuant to the Settlement Agreement, the company agreed to nominate Samuel E. Navarro for election to its Board of Directors at the 2015 annual meeting of the stockholders, and not to nominate C. Richard Stafford, a current member of the Board, for election. Furthermore, the company granted Broadfin the right to designate a replacement candidate for Navarro in the event Navarro is unable, or at any time ceases, to serve as a director of the company, for so long as Broadfin owns at least 5% of the outstanding Shares of the company. Derma Sciences also agreed to entered into a Consulting Agreement with Jason M. Aryeh for various strategic consulting services in order to increase stockholder value. Broadfin agreed, amongst other things, not to engage in proxy solicitation activities with respect to the 2015 Annual Meeting and to cause all of its Shares to be voted in favor of the director candidates nominated by the Board for election at the 2015 Annual Meeting.
March 18, 2015
11:34 EDTDSCIBroadfin Capital reports 8.3% stake in Derma Sciences, will continue talks
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