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Stock Market & Financial Investment News

News Breaks
January 13, 2014
07:36 EDTNWYNew York & Co. reports holiday period SSS up 1%
News For NWY From The Last 14 Days
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September 3, 2014
06:29 EDTNWYWet Seal says CEO John Goodman leaves company
Wet Seal (WTSL) said in a filing that on August 27, the company’s Board of Directors voted to approve John D. Goodman’s Severance Agreement and Release with the company. Pursuant to such agreement, Goodman’s employment with the company ended on August 26, at which time he resigned as the company’s CEO and from all other positions with the company, including his position as a director on the Board of Directors. In addition, on August 27, the company’s Board of Directors voted to appoint Edmond S. Thomas to serve as the company's CEO and to serve as a member of the Board of Directors. Thomas’s appointments will be effective on the date that his full-time employment with the company commences, which is expected to be September 8. Thomas most recently served as a partner of KarpReilly, LLC, a private investment firm focused on small to mid-size growth companies, from February 2011 to August 2014. Thomas previously served as President and CEO of Wet Seal from October 2007 to January 2011. Thomas is currently a member of the board of directors of New York & Company (NWY).

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