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News Breaks
May 27, 2014
16:04 EDTLOJNLoJack CFO Donald Peck to leave the company Casey Delaney named Acting CFO
LoJack announced that Executive Vice President and CFO Donald R. Peck is leaving the company to pursue new opportunities. LoJack has retained international executive search firm Heidrick & Struggles to assist in the process of identifying a successor. Effective immediately, Casey Delaney, LoJack's vice president and controller since April 2011, will serve as Acting CFO until a full-time replacement is named. Peck will stay on in an advisory role until June 30, to assist in the transition.
News For LOJN From The Last 14 Days
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May 14, 2015
10:25 EDTLOJNLoJack says to eliminate or realign approx. 35 positions within company
LoJack said in a regulatory filing that on May 13, the company implemented a program to operate more efficiently and better align its cost structure to assist in the company’s future growth. This program includes the elimination or realignment of approximately 35 positions within the company. Additionally, the company has decided to not hire for 17 positions that have become open in the normal course. As a result of this reduction in workforce, the company expects to incur a pre-tax charge of approximately $402,000 in 2Q15, comprised of severance and other employee-related costs. Substantially all of these charges will result in cash expenditures over the next four months ending September 30. The company expects to complete the program during 3Q15.

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