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Stock Market & Financial Investment News

News Breaks
June 2, 2014
16:17 EDTWAIRWesco Aircraft files automatic mixed securities shelf
News For WAIR From The Last 14 Days
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February 27, 2015
15:04 EDTWAIRThomas Bancroft reports 7.6% stake in Wesco Aircraft
Bancroft believes that the common stock is an attractive long-term holding and acquired it for investment purposes. On February 20, the board increased the size of the board by one director and appointed Bancroft to fill the newly-created vacancy. Bancroft will serve as a Class III director, with his initial term expiring at the company’s 2017 annual meeting of stockholders. Bancroft also was appointed to serve on the ad hoc Executive Committee of the Board that was formed to work with members of senior management to steer the company’s strategic direction and operations during the search for a permanent CEO. In connection with the appointment of Bancroft to the board, Bancroft, Makaira and the company entered into a cooperation agreement dated February 20. Under the Cooperation Agreement, the board may request that Bancroft resign from the board (and Bancroft has agreed to resign within five business days after receipt of such request) if, among other things and subject to certain exceptions, Makaira ceases to beneficially own at least 5.0% of the outstanding common stock.

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