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Stock Market & Financial Investment News

News Breaks
July 24, 2014
16:29 EDTRMGNRMG Networks names Robert Michelson as Interim CEO, Loren Buck as COO
RMG Networks announced that its board has appointed Robert Michelson, 58, as interim president and interim CEO, effective immediately. This appointment follows the resignation of Garry McGuire Jr. as the company's president and CEO and his resignation from RMG Networks' board to focus on other professional opportunities. In addition to Michelson's appointment, the company also announced that Loren Buck has been promoted to COO from executive VP of strategy and business operations, effective immediately. Most recently, Michelson held senior management roles with leading technology and technology services companies including Share Rocket, Goliath Solutions and IXL.
News For RMGN From The Last 14 Days
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March 25, 2015
08:34 EDTRMGNRMG Networks raises $25M in private placement of convertible preferred stock
Roth Capital Partners served as the sole placement agent for the Financing.
March 19, 2015
06:08 EDTRMGNRMG Networks signs non-binding LOI to sell Airline Media Network business
RMG Networks announced it has entered into discussions with certain unaffiliated third parties regarding the proposed sale of its Media business, also known as the RMG Airline Media Network. The contemplated sale does not include the RMG Office Media Network. As a result of these discussions, RMG Networks has signed a non-binding letter of intent to sell its RMG Airline Media Network business for $5.5M, plus the assumption of certain liabilities to an unaffiliated third party. The parties are in the process of negotiating a definitive agreement.

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