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Stock Market & Financial Investment News

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July 8, 2014
10:22 EDTSFLYMarathon reports 5.06% stake in Shutterfly, may have contact on alternatives
Marathon Partners Equity Management beneficially owns 5.06% of Shutterfly's shares and Mario Cibelli beneficially owns 5.07% of the shares, as disclosed in a regulatory filing. Marathon and Cibelli have been and may continue to be in contact with members of Shutterfly's management, its Board of Directors, other significant shareholders and others regarding alternatives that the company could employ to improve shareholder value, the filing stated. Marathon and Cibelli have purchased call option contracts relating to Shutterfly's common stock with an expiration date of January 17, 2015 that give the right to purchase 225,000 shares at a strike price of $40.00 and the parties have purchased call option contracts relating to the stock with an expiration date of December 20, 2014 that give the right to purchase 35,000 shares at a strike price of $45.00, the filing noted.
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July 18, 2014
16:02 EDTSFLYShutterfly names Gautam Srivastava as Chief Human Resources Officer
Shutterfly (SFLY) announced it has appointed Gautam Srivastava as senior vice president and chief human resources officer. Srivastava will join the Shutterfly team on July 21. Srivastava brings many years of human resources and general operating experience to his position. Most recently he was SVP of Human Resources and Marketing for LSI Corp. (LSI), a designer of semiconductors for datacenter storage and networking.
July 8, 2014
10:35 EDTSFLYShutterfly calls active on Marathon reports 5.06% stake
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10:22 EDTSFLYMarathon reports 5.06% stake in Shutterfly, may have contact on alternatives
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