Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Barbara Rayner is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 공시 • Nov 10
Loyalty Ventures Announces Management Changes Roger H. Ballou informed Loyalty Ventures Inc. (the Company) of his resignation from the Company's board of directors, where he served as chair, and all committees of the Board effective November 5, 2022. Mr. Ballou did not resign due to any disagreement with the Company, its board of directors or its management.Effective upon Mr. Ballou's resignation as a director, the size of the Company's Board was reduced from five to four directors. The Company’s amended and restated certificate of incorporation classifies the Board into three classes of roughly equal size. The term for directors designated as Class I, Class II and Class III expire at the annual meeting of stockholders in 2025, 2023 and 2024, respectively. Director nominees are elected by class for three-year terms. The Board will transition to a fully declassified board through a phase-out, beginning with the annual meeting in 2029. Current directors are distributed to Class I, Class II and Class III as follows: Class I: Barbara L. Rayner;Class II: Charles L. Horn; Richard A. Genovese;Class III: Graham W. Atkinson. Effective November 5, 2022, pursuant to the Company’s Corporate Governance Guidelines and in exercise of its business judgment, the Board appointed Charles L. Horn to serve as chair of the Board, and appointed Richard A. Genovese as a member of the Board’s Corporate Governance and Nominating Committee and Barbara L. Rayner as a member of the Board’s Compensation Committee, each until their successor is duly appointed and qualified or their earlier resignation or removal. Reported Earnings • Nov 09
Third quarter 2022 earnings released: US$0.005 loss per share (vs US$0.97 profit in 3Q 2021) Third quarter 2022 results: US$0.005 loss per share (down from US$0.97 profit in 3Q 2021). Revenue: US$162.4m (down 4.1% from 3Q 2021). Net loss: US$125.0k (down 100% from profit in 3Q 2021). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Media industry in Germany. 공시 • Oct 29
Loyalty Ventures Inc. to Report Q3, 2022 Results on Nov 08, 2022 Loyalty Ventures Inc. announced that they will report Q3, 2022 results Pre-Market on Nov 08, 2022 Reported Earnings • Aug 13
Second quarter 2022 earnings released Second quarter 2022 results: US$17.96 loss per share. Revenue: US$171.8m (up 14% from 2Q 2021). Net loss: US$441.9m (down US$456.4m from profit in 2Q 2021). Over the next year, revenue is expected to shrink by 3.4% compared to a 6.6% growth forecast for the industry in Germany. 공시 • Aug 12
Loyalty Ventures Inc. Announces Impairment Charges for the Second Quarter Ended June 30, 2022 Loyalty Ventures Inc. announced impairment charges for the second quarter ended June 30, 2022. For the quarter, the company reported goodwill impairment of $422,922,000. 공시 • Aug 02
Loyalty Ventures Inc. to Report Q2, 2022 Results on Aug 11, 2022 Loyalty Ventures Inc. announced that they will report Q2, 2022 results on Aug 11, 2022 Recent Insider Transactions • May 07
Independent Chairman recently bought €63k worth of stock On the 5th of May, Roger Ballou bought around 6k shares on-market at roughly €9.67 per share. This was the largest purchase by an insider in the last 3 months. Roger has been a buyer over the last 12 months, purchasing a net total of €150k worth in shares. Reported Earnings • Apr 30
First quarter 2022 earnings released First quarter 2022 results: EPS: US$0.041. Revenue: US$154.9m (down 5.4% from 1Q 2021). Net income: US$1.02m (down 94% from 1Q 2021). Profit margin: 0.7% (down from 10% in 1Q 2021). Over the next year, revenue is forecast to grow 6.8%, compared to a 8.3% growth forecast for the industry in Germany. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Barbara Rayner is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 공시 • Apr 21
Loyalty Ventures Inc. to Report Q1, 2022 Results on Apr 28, 2022 Loyalty Ventures Inc. announced that they will report Q1, 2022 results After-Market on Apr 28, 2022 공시 • Apr 15
Loyalty Ventures Inc., Annual General Meeting, May 26, 2022 Loyalty Ventures Inc., Annual General Meeting, May 26, 2022, at 10:00 Central Daylight. Agenda: To consider re-election of the Class I Director named in this proxy statement; to consider ratification of Appointment of Independent Registered Public Accounting Firm; and to consider such other business as may properly come before the Annual Meeting and any postponements or adjournments thereof. 공시 • Apr 12
Loyalty Ventures Inc. Announces Leadership Changes Loyalty Ventures Inc. announced leadership changes at its AIR MILES Reward Program segment. Shawn Stewart has been named President of AIR MILES, replacing Blair Cameron, who is leaving the company. Shawn Stewart, who will join on May 2, 2022, brings deep expertise in consumer insights, customer, loyalty, digital marketing, and analytics across multiple verticals to his new position at AIR MILES. Most recently, he was Senior Vice President, Customer at Canadian Tire Corporation, Limited, a $16 billion multi-brand retail conglomerate with more than 1,700 retail and gasoline outlets and a financial services division, where he led the team responsible for enterprise loyalty, digital marketing, customer analytics and personalization, including the team that built and grew the Triangle Rewards loyalty program. Rick Neuman has joined AIR MILES as Chief Technology Officer. Most recently at Flipp, a retail technology firm, Rick was formerly Executive Vice President eCommerce & Chief Technology Officer at Walmart International, where he was responsible for Walmart Canada’s digital transformation. Board Change • Mar 18
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Director Barbara Rayner is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.