Announcement • Nov 29
Chase Corporation Files Form 15 Chase Corporation has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.01 per share. Reported Earnings • Nov 10
Full year 2023 earnings released: EPS: US$3.52 (vs US$4.72 in FY 2022) Full year 2023 results: EPS: US$3.52 (down from US$4.72 in FY 2022). Revenue: US$404.0m (up 24% from FY 2022). Net income: US$33.2m (down 25% from FY 2022). Profit margin: 8.2% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jul 23
An affiliate of North America XIII Fund, managed by KKR & Co. Inc. (NYSE:KKR) entered into a definitive agreement to acquire Chase Corporation (NYSEAM:CCF) for approximately $1.3 billion. An affiliate of North America XIII Fund, managed by KKR & Co. Inc. (NYSE:KKR) entered into a definitive agreement to acquire Chase Corporation (NYSEAM:CCF) for approximately $1.3 billion on July 21, 2023. The consideration includes the assumption of debt. Under the terms of the agreement, KKR will acquire all outstanding shares of Chase common stock for $127.50 per share in cash, delivering substantial value to shareholders. The transaction value implies a valuation of approximately 13 times trailing-twelve-months EBITDA. Following the close of the transaction, KKR will support Chase in creating an equity ownership programto provide all employees the opportunity to participate in the benefits of ownership of the Company. Once the transaction is complete, Chase will be a privately held company wholly owned by an affiliate of KKR’s investment funds and will no longer have its common stock listed on any public market. The board of directors of Chase Corporation (the “Board”) has unanimously approved the transaction and recommends that shareholders vote in favor of the transaction. The transaction is expected to closein the fourth quarter of 2023, subject to the receipt of approval from the Company’s shareholders and certain required regulatory approvals, as well as the satisfaction of other customary closing conditions. The all-cash transaction is not subject to financing conditions.Perella Weinberg Partners LP and Davis Polk & Wardwell LLP are serving as advisors to Chase. KKR is advised by Goldman Sachs and Kirkland & Ellis LLP. New Risk • Jul 08
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.5% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (9.5% net profit margin). Significant insider selling over the past 3 months (US$164k sold). Reported Earnings • Jul 07
Third quarter 2023 earnings released: EPS: US$1.27 (vs US$1.64 in 3Q 2022) Third quarter 2023 results: EPS: US$1.27 (down from US$1.64 in 3Q 2022). Revenue: US$106.6m (up 20% from 3Q 2022). Net income: US$12.0m (down 22% from 3Q 2022). Profit margin: 11% (down from 17% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. Announcement • Jun 12
Chase Corp. Reportedly Seeks Sale Chase Corporation (NYSEAM:CCF) shares rose 4%, to $128, in aftermarket trading Friday after The Wall Street Journal reported it is seeking a possible sale. The stock, which closed down 1.1%, to $123.08, is up 43% on the year. Chase Corp. is working with financial advisers on a possible sale that has drawn interest from private-equity firms and industry players, the Journal reported, citing people familiar with the matter. The Westwood, Mass., company has already received multiple bids, one of them from private-equity firm Pritzker Private Capital, according to the report, which added that the size of Pritzker's bid couldn't be determined. Recent Insider Transactions • May 10
CEO, President & Director recently sold US$164k worth of stock On the 8th of May, Adam Chase sold around 2k shares on-market at roughly US$110 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Adam's only on-market trade for the last 12 months. Reported Earnings • Apr 09
Second quarter 2023 earnings released: EPS: US$0.90 (vs US$0.96 in 2Q 2022) Second quarter 2023 results: EPS: US$0.90 (down from US$0.96 in 2Q 2022). Revenue: US$94.3m (up 28% from 2Q 2022). Net income: US$8.43m (down 7.0% from 2Q 2022). Profit margin: 8.9% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. Recent Insider Transactions Derivative • Jan 13
CEO, President & Director notifies of intention to sell stock Adam Chase intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 9th of January. If the sale is conducted around the recent share price of US$90.02, it would amount to US$540k. For the year to August 2016, Adam's total compensation was 44% salary and 56% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2022, Adam's direct individual holding has decreased from 336.06k shares to 332.59k. Company insiders have collectively sold US$345k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Jan 06
First quarter 2023 earnings released: EPS: US$0.71 (vs US$1.03 in 1Q 2022) First quarter 2023 results: EPS: US$0.71 (down from US$1.03 in 1Q 2022). Revenue: US$102.9m (up 37% from 1Q 2022). Net income: US$6.67m (down 31% from 1Q 2022). Profit margin: 6.5% (down from 13% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Dec 23
Chase Corporation, Annual General Meeting, Feb 07, 2023 Chase Corporation, Annual General Meeting, Feb 07, 2023, at 09:30 US Eastern Standard Time. Location: Courtyard by Marriot Boston Dedham/Westwood Hotel 64 University Avenue, Westwood Massachusetts - 02111 United Kingdom Agenda: To elect ten members of the Board of Directors of the corporation, each to serve until the 2024 annual meeting of shareholders or until his or her successor is duly elected and qualified; to conduct a non-binding advisory vote on the compensation of named executive officers; to ratify the appointment of Grant Thornton LLP as the corporation's independent registered public accounting firm for the fiscal year ending August 31, 2023; and to transact such other business as may properly come before the meeting or any adjournment or postponement of the meeting. Upcoming Dividend • Nov 22
Upcoming dividend of US$1.00 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 09 December 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (2.1%). Recent Insider Transactions Derivative • Nov 18
CEO, President & Director exercised options and sold US$319k worth of stock On the 15th of November, Adam Chase exercised 7.75k options at around US$29.72, then sold 5k of the shares acquired at an average of US$96.72 per share and kept the remainder. For the year to August 2016, Adam's total compensation was 21% salary and 79% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2021, Adam's direct individual holding has decreased from 338.91k shares to 331.47k. Company insiders have collectively sold US$445k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Nov 16
Full year 2022 earnings released: EPS: US$4.74 (vs US$4.77 in FY 2021) Full year 2022 results: EPS: US$4.74 (down from US$4.77 in FY 2021). Revenue: US$325.7m (up 11% from FY 2021). Net income: US$44.7m (flat on FY 2021). Profit margin: 14% (down from 15% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 11
Full year 2022 earnings released: EPS: US$4.74 (vs US$4.77 in FY 2021) Full year 2022 results: EPS: US$4.74 (down from US$4.77 in FY 2021). Revenue: US$325.7m (up 11% from FY 2021). Net income: US$44.7m (flat on FY 2021). Profit margin: 14% (down from 15% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Nov 11
Chase Corporation Announces Cash Dividend, Payable on December 9, 2022 Chase Corporation announced a cash dividend of $1.00 per share to shareholders of record on November 30, 2022, payable on December 9, 2022. Recent Insider Transactions • Aug 17
Independent Director recently sold US$115k worth of stock On the 15th of August, Thomas Wroe sold around 1k shares on-market at roughly US$95.75 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$215k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Jul 25
CEO, President & Director notifies of intention to sell stock Adam Chase intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of July. If the sale is conducted around the recent share price of US$87.35, it would amount to US$262k. For the year to August 2015, Adam's total compensation was 21% salary and 79% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2021, Adam's direct individual holding has decreased from 337.23k shares to 332.06k. Company insiders have collectively sold US$147k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jul 20
Chase Corporation (NYSEAM : CCF) agreed to acquire Nucera Solutions LLC from SK Capital Partners for $250 million. Chase Corporation (NYSEAM : CCF) agreed to acquire Nucera Solutions LLC from SK Capital Partners for $250 million on July 18, 2022. NuCera will be acquired pending any working capital adjustments and excluding acquisition related costs. The purchase will be funded by utilizing Chase’s existing revolving credit facility and available cash on hand. The transaction is expected to close by the end of the third calendar quarter of 2022, subject to customary closing conditions and regulatory approvals. Moelis & Company LLC acted as exclusive financial advisor to Chase Corporation. Nelson Mullins Riley & Scarborough LLP acted as legal advisor to Chase Corporation. Lincoln International acted as financial advisor to SK Capital Partners. Goodwin Procter LLP acted as legal advisor to Nucera Solutions LLC and SK Capital Partners. Announcement • Jul 15
Chase Corporation Elects Ellen Rubin as Independent Director On July 12, 2022, the Board of Directors of Chase Corporation elected Ellen Rubin to the Board, effective immediately, as an independent director. Ms. Rubin brings 20 plus years of experience as a technology CEO and founder in building and scaling companies and expertise working with enterprise and global customers in manufacturing, financial services, healthcare and other industries. Ellen Rubin was CEO and Founder of ClearSky Data, and later served as General Manager at Amazon Web Services for several hybrid cloud services. Previously, Ellen Rubin was CEO and Founder of CloudSwitch. Earlier in her career she was VP Marketing at Netezza. Ms. Rubin currently serves as independent Board Director at Corvus Insurance. Ellen Rubin has an MBA from Harvard Business School and will serve on the Audit Committee. Reported Earnings • Jul 13
Third quarter 2022 earnings released: EPS: US$1.64 (vs US$1.51 in 3Q 2021) Third quarter 2022 results: EPS: US$1.64 (up from US$1.51 in 3Q 2021). Revenue: US$88.6m (up 11% from 3Q 2021). Net income: US$15.4m (up 8.8% from 3Q 2021). Profit margin: 17% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Director Joan Wallace-Benjamin was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 09
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: US$0.96 (down from US$0.97 in 2Q 2021). Revenue: US$74.0m (up 8.0% from 2Q 2021). Net income: US$9.07m (flat on 2Q 2021). Profit margin: 12% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 11%. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Director Joan Wallace-Benjamin was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Mar 05
CEO, President & Director notifies of intention to sell stock Adam Chase intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of March. If the sale is conducted around the recent share price of US$91.83, it would amount to US$275k. For the year to August 2021, Adam's total compensation was 21% salary and 79% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2021, Adam's direct individual holding has decreased from 339.43k shares to 336.06k. Company insiders have collectively sold US$662k more than they bought, via options and on-market transactions in the last 12 months. Board Change • Mar 03
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Director Joan Wallace-Benjamin was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Feb 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.2%. The fair value is estimated to be US$121, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.6% per annum over the last 3 years. Reported Earnings • Jan 08
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: US$1.04 (down from US$1.15 in 1Q 2021). Revenue: US$75.0m (up 12% from 1Q 2021). Net income: US$9.73m (down 9.6% from 1Q 2021). Profit margin: 13% (down from 16% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 11%. Earnings per share (EPS) surpassed analyst estimates by 11%. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year. Recent Insider Transactions • Jan 05
CEO, President & Director recently sold US$100k worth of stock On the 3rd of January, Adam Chase sold around 1k shares on-market at roughly US$100 per share. This was the largest sale by an insider in the last 3 months. Adam has been a seller over the last 12 months, reducing personal holdings by US$549k. Recent Insider Transactions Derivative • Dec 06
CEO, President & Director notifies of intention to sell stock Adam Chase intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of December. If the sale is conducted around the recent share price of US$98.59, it would amount to US$296k. For the year to August 2020, Adam's total compensation was 12% salary and 88% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2020, Adam's direct individual holding has decreased from 345.43k shares to 339.37k. Company insiders have collectively sold US$855k more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Nov 22
Upcoming dividend of US$1.00 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 09 December 2021. Trailing yield: 0.9%. Lower than top quartile of American dividend payers (3.5%). Lower than average of industry peers (1.7%). Reported Earnings • Nov 17
Full year 2021 earnings released: EPS US$4.79 (vs US$3.62 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: US$293.3m (up 12% from FY 2020). Net income: US$44.9m (up 33% from FY 2020). Profit margin: 15% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year. Recent Insider Transactions Derivative • Aug 06
CEO, President & Director notifies of intention to sell stock Adam Chase intends to sell 4k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of August. If the sale is conducted around the recent share price of US$117, it would amount to US$466k. For the year to August 2020, Adam's total compensation was 12% salary and 88% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2020, Adam's direct individual holding has increased from 337.11k shares to 338.43k. Company insiders have collectively sold US$829k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Jul 15
Third quarter 2021 earnings released: EPS US$1.51 (vs US$1.05 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$79.6m (up 23% from 3Q 2020). Net income: US$14.2m (up 45% from 3Q 2020). Profit margin: 18% (up from 15% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 3% per year. Recent Insider Transactions Derivative • Jul 06
CEO, President & Director notifies of intention to sell stock Adam Chase intends to sell 1k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of July. If the sale is conducted around the recent share price of US$103, it would amount to US$103k. For the year to August 2020, Adam's total compensation was 12% salary and 88% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2020, Adam's direct individual holding has increased from 337.11k shares to 338.43k. Company insiders have collectively sold US$1.0m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • May 22
Independent Director recently sold US$133k worth of stock On the 18th of May, John Derby sold around 1k shares on-market at roughly US$111 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.0m more than they bought in the last 12 months. Recent Insider Transactions • May 05
CEO, President & Director recently sold US$118k worth of stock On the 3rd of May, Adam Chase sold around 1k shares on-market at roughly US$118 per share. In the last 3 months, they made an even bigger sale worth US$119k. Adam has been a seller over the last 12 months, reducing personal holdings by US$449k. Reported Earnings • Apr 11
Second quarter 2021 earnings released: EPS US$0.97 (vs US$0.83 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$68.4m (up 4.4% from 2Q 2020). Net income: US$9.11m (up 17% from 2Q 2020). Profit margin: 13% (up from 12% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Recent Insider Transactions • Apr 07
CEO, President & Director recently sold US$119k worth of stock On the 1st of April, Adam Chase sold around 1k shares on-market at roughly US$119 per share. This was the largest sale by an insider in the last 3 months. Adam has been a seller over the last 12 months, reducing personal holdings by US$331k. Recent Insider Transactions Derivative • Apr 05
CEO, President & Director notifies of intention to sell stock Adam Chase intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of April. If the sale is conducted around the recent share price of US$116, it would amount to US$349k. For the year to August 2020, Adam's total compensation was 12% salary and 88% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since June 2020, Adam's direct individual holding has increased from 339.01k shares to 342.43k. Company insiders have collectively sold US$563k more than they bought, via options and on-market transactions in the last 12 months. Is New 90 Day High Low • Mar 06
New 90-day high: US$118 The company is up 5.0% from its price of US$113 on 04 December 2020. The American market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 2.0% over the same period. Recent Insider Transactions • Mar 04
CEO, President & Director recently sold US$111k worth of stock On the 1st of March, Adam Chase sold around 1k shares on-market at roughly US$111 per share. This was the largest sale by an insider in the last 3 months. Adam has been a seller over the last 12 months, reducing personal holdings by US$213k. Executive Departure • Feb 08
Corporate Secretary has left the company On the 2nd of February, George Hughes' tenure in the role of Corporate Secretary ended. We don't have any record of a personal shareholding under George's name. A total of 3 executives have left over the last 12 months. Executive Departure • Feb 05
Independent Director has left the company On the 2nd of February, Lewis Gack's tenure in the role of Independent Director ended. As of September 2020, Lewis personally held 4.22k shares (US$402k worth at the time). A total of 2 executives have left over the last 12 months. Recent Insider Transactions • Feb 04
Interim Treasurer recently sold US$102k worth of stock On the 1st of February, Adam Chase sold around 1k shares on-market at roughly US$102 per share. This was the largest sale by an insider in the last 3 months. This was Adam's only on-market trade for the last 12 months. Announcement • Feb 03
Chase Corporation Announces Executive Changes On January 14, 2021, Chase Corporation terminated without cause Christian J. Talma as the Company’s Treasurer and Chief Financial Officer, effective January 15, 2021. His departure as an officer of the Company is not due to a dispute or disagreement with the Company. Effective with Mr. Talma’s termination, the Company’s Board of Directors (the “Board”) appointed Adam P. Chase, President and Chief Executive Officer, to serve as interim Treasurer and Chief Financial Officer until a successor is named. Recent Insider Transactions • Jan 15
Director recently sold US$67k worth of stock On the 12th of January, Mary Chase sold around 589 shares on-market at roughly US$113 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$346k more than they bought in the last 12 months. Reported Earnings • Jan 09
First quarter 2021 earnings released: EPS US$1.16 The company reported a solid first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: US$67.2m (flat on 1Q 2020). Net income: US$10.8m (up 48% from 1Q 2020). Profit margin: 16% (up from 11% in 1Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Recent Insider Transactions Derivative • Jan 08
CEO, President & Director notifies of intention to sell stock Adam Chase intends to sell roughly 3.00k shares in the next 90 days after lodging an Intent To Sell Form on the 4th of January. If the sale is conducted around the recent share price of US$101, it would amount to US$303k. For the year to August 2020, Adam's total compensation was 12% salary and 88% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since June 2020, Adam's direct individual holding has increased from 339.01k shares to 344.43k. Company insiders have collectively sold US$279k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Dec 23
Chase Corporation, Annual General Meeting, Feb 02, 2021 Chase Corporation, Annual General Meeting, Feb 02, 2021, at 09:30 US Eastern Standard Time. Agenda: To elect nine members of the Board of Directors of the corporation, each to serve until the 2022 annual meeting of shareholders or until his or her successor is duly elected and qualified; to conduct a non-binding advisory vote on the compensation of our named executive officers; to ratify the appointment of Grant Thornton LLP as the corporation's independent registered public accounting firm for the fiscal year ending August 31, 2021; and to transact such other business as may properly come before the meeting or any adjournment or postponement of the meeting. Announcement • Dec 06
Chase Corporation Announces Board Changes On December 1, 2020, the Board of Directors of the Chase Corporation elected Joan Wallace-Benjamin to the Board, effective immediately. Dr. Wallace-Benjamin, currently the founder and president of J Wallace-Benjamin Consulting LLC, an executive coaching practice, since 2019, has a 38-year career in senior executive roles, 27 of which she served as a Chief Executive Officer in the non-profit, governmental, and private sectors. Dr. Wallace-Benjamin last served for 15 years, through 2018, as the President and CEO of The Home for Little Wanderers, which is America's oldest and one of New England's largest child and family services organizations. On December 1, 2020, Chase Corporation was advised by Lewis P. Gack that he will not be standing for reelection to the Board of Directors. Mr. Gack's resignation from the Board will be effective February 2, 2021, the date of the company's annual shareholders meeting. Mr. Gack's resignation from the Board is not due to any disagreement with the company on any matter relating to the Company's operations, policies or practices. Mr. Gack has served as a member of the Board since 2002. Is New 90 Day High Low • Dec 04
New 90-day high: US$113 The company is up 13% from its price of US$99.44 on 04 September 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 9.0% over the same period. Reported Earnings • Nov 16
Full year 2020 earnings released: EPS US$3.62 The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$261.2m (down 7.2% from FY 2019). Net income: US$33.9m (up 4.4% from FY 2019). Profit margin: 13% (up from 12% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 31
New 90-day low: US$95.16 The company is down 5.0% from its price of US$101 on 31 July 2020. The American market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 3.0% over the same period.