Hampson Industries Plc (HAMP) 0.0900 $HAMP
Hampshire Group Announces Favorable Amendment to Lease of New York Office Space
Business Wire - Thu Jun 18, 4:09PM CDT
Hampshire Group, Limited (OTC Markets:HAMP), ("Hampshire" or the "Company"
today announced that it has reached an agreement to amend the lease for its corporate headquarters office space at 114 West 41st Street in New York City. Under the amended agreement, Hampshire will return four of the five floors it had previously leased but did not occupy, maintaining a lease for the single floor currently occupied by the Company. The revised agreement provides for a payment structure that will reduce Hampshire's cash payments, as compared to the previous agreement, by approximately $20 million over the next eight years through the termination of the lease. The GAAP accounting of this transaction will differ from the cash expenditures, as the Company has taken numerous accounting charges in the past relating to the lease. The exact amounts of the GAAP accounting entries are yet to be determined and are subject to confirmation by the Company's auditors.
Hampshire Group amends sale agreement for its Rio Garment business
M2 - Tue May 19, 6:37AM CDT
Hampshire Group Limited (OTC Markets:HAMP) stated on Monday that it amended the agreement to sell the stock of its Rio Garment SA operation to a group led by current Rio management, including its president David Gren.
Hampshire Group Amends Agreement to Sell Its Rio Garment Business; Begins to Receive Payments of Purchase Price
Business Wire - Mon May 18, 7:45AM CDT
Hampshire Group, Limited (OTC Markets:HAMP) today announced that it has amended the agreement to sell the stock of its Rio Garment S.A. ("Rio" operation to a group led by current Rio management, including David Gren, the President of Rio. The amendment was effected to accommodate the buyers, whose financing relationship with their bank in Honduras changed. The final amended stock purchase agreement calls for Hampshire to receive an aggregate amount of $6 million, less a $1 million holdback to support representations of the sellers, comprised of cash and new accounts receivable, payable on or by preset dates ending on October 5, 2015. Hampshire received the first payment of $1.3 million on May 14th and is scheduled to receive a cumulative $2.5 million by the end of May 2015, with the remainder to be paid according to an agreed upon schedule. The sale will close when Hampshire receives the full amount of the $5.0 million.
Hampshire Group Announces Termination of License Agreement with Gramicci
Business Wire - Mon Apr 27, 7:45AM CDT
Hampshire Group, Limited (OTC Markets: HAMP) today announced that it has terminated its license agreement with Sole Asset Holdings, Inc. to design, develop and produce apparel under the Gramicci brand, effective February 28, 2015.
Hampshire Group Announces Definitive Agreement to Sell Its Rio Garment Business
Business Wire - Mon Apr 13, 7:45AM CDT
Hampshire Group, Limited (OTC Markets:HAMP) today announced that it has entered into a definitive agreement to sell the stock of Rio Garment S.A. ("Rio" to a group led by current Rio management, including David Gren, the President of Rio. The purchase price of the equity is $6 million plus Hampshire Group will receive the existing accounts receivable and certain other assets of Rio totaling approximately $5.0 million. Rio is a Honduras-based apparel manufacturer, designing, sourcing and manufacturing knit tops for men, women and children, which are sold to retailers and distributors, primarily in the United States.
Hampshire Group Announces Filing of Form 12b-25
Business Wire - Tue Mar 31, 3:05PM CDT
Hampshire Group, Limited (OTC Markets:HAMP) today announced that it has filed a Form 12b-25, Notification of Late Filing, with the U.S. Securities and Exchange Commission with regard to its Annual Report on Form 10-K for the year ended December 31, 2014 (the "2014 10-K". This will allow the Company an additional fifteen calendar days to file the 2014 10-K, which was otherwise due on March 31, 2015. Significant management time and resources have been spent on addressing issues in the fourth quarter of 2014 and in recent months including slowdowns at West Coast shipping ports, liquidity constraints caused by lower than expected fourth quarter results, and the termination of the Company's chief financial officer and as a result, the Company's normal process of reviewing and completing the Form 10-K was delayed. The Company intends to file the Form 10-K as soon as reasonably practicable; however, at this time the Company anticipates that it will not be able be able to do so within the extension period of fifteen calendar days.
Hampshire Group Appoints William Drozdowski Interim Chief Financial Officer
Business Wire - Mon Mar 16, 3:05PM CDT
Hampshire Group, Limited (OTC Markets: HAMP) today announced that, pursuant to an agreement with financial services and consulting firm, GRL Capital Advisors, it has retained the services of William Drozdowski as the Company's interim Chief Financial Officer.
Hampshire Group Announces Preliminary Fourth Quarter 2014 Results and Updates 2014 Expectations
Business Wire - Tue Feb 17, 6:30AM CST
Hampshire Group, Limited (OTC Markets:HAMP) today announced preliminary results for the fourth quarter ended December 31, 2014, and revised its expectations for the full year ending December 31, 2014.
CORRECTING and REPLACING Hampshire Group Expands Board with the Appointment of Two Independent Directors
Business Wire - Thu Jan 22, 12:10PM CST
Third paragraph, fifth sentence of release should read: He received a Bachelor's degree from Bard College and attended the MBA program at Baruch College, City University of New York (instead of He received a Bachelor's degree from Bard College and an MBA from Baruch University, City University of New York).
Hampshire Group Expands Board with the Appointment of Two Independent Directors
Business Wire - Thu Jan 22, 7:45AM CST
Hampshire Group, Limited (OTC Markets:HAMP) today announced the appointment of two new independent Board members, Thomas J. Doyle and Brett Fialkoff, effective January 18, 2015. With these appointments, Hampshire's Board increases from four to six members, of whom five are classified as independent directors.
Hampshire Group Reports 2014 Third Quarter Results
Business Wire - Thu Nov 06, 4:20PM CST
Hampshire Group, Limited (OTC Markets:HAMP) today reported results for the third quarter ended September 27, 2014.
Hampshire Group Announces Favorable Amendment to Lease of New York Office Space
Business Wire - Thu Jun 18, 4:09PM CDT
Hampshire Group, Limited (OTC Markets:HAMP), ("Hampshire" or the "Company"
today announced that it has reached an agreement to amend the lease for its corporate headquarters office space at 114 West 41st Street in New York City. Under the amended agreement, Hampshire will return four of the five floors it had previously leased but did not occupy, maintaining a lease for the single floor currently occupied by the Company. The revised agreement provides for a payment structure that will reduce Hampshire's cash payments, as compared to the previous agreement, by approximately $20 million over the next eight years through the termination of the lease. The GAAP accounting of this transaction will differ from the cash expenditures, as the Company has taken numerous accounting charges in the past relating to the lease. The exact amounts of the GAAP accounting entries are yet to be determined and are subject to confirmation by the Company's auditors. Hampshire Group amends sale agreement for its Rio Garment business
M2 - Tue May 19, 6:37AM CDT
Hampshire Group Limited (OTC Markets:HAMP) stated on Monday that it amended the agreement to sell the stock of its Rio Garment SA operation to a group led by current Rio management, including its president David Gren.
Hampshire Group Amends Agreement to Sell Its Rio Garment Business; Begins to Receive Payments of Purchase Price
Business Wire - Mon May 18, 7:45AM CDT
Hampshire Group, Limited (OTC Markets:HAMP) today announced that it has amended the agreement to sell the stock of its Rio Garment S.A. ("Rio"
operation to a group led by current Rio management, including David Gren, the President of Rio. The amendment was effected to accommodate the buyers, whose financing relationship with their bank in Honduras changed. The final amended stock purchase agreement calls for Hampshire to receive an aggregate amount of $6 million, less a $1 million holdback to support representations of the sellers, comprised of cash and new accounts receivable, payable on or by preset dates ending on October 5, 2015. Hampshire received the first payment of $1.3 million on May 14th and is scheduled to receive a cumulative $2.5 million by the end of May 2015, with the remainder to be paid according to an agreed upon schedule. The sale will close when Hampshire receives the full amount of the $5.0 million. Hampshire Group Announces Termination of License Agreement with Gramicci
Business Wire - Mon Apr 27, 7:45AM CDT
Hampshire Group, Limited (OTC Markets: HAMP) today announced that it has terminated its license agreement with Sole Asset Holdings, Inc. to design, develop and produce apparel under the Gramicci brand, effective February 28, 2015.
Hampshire Group Announces Definitive Agreement to Sell Its Rio Garment Business
Business Wire - Mon Apr 13, 7:45AM CDT
Hampshire Group, Limited (OTC Markets:HAMP) today announced that it has entered into a definitive agreement to sell the stock of Rio Garment S.A. ("Rio"
to a group led by current Rio management, including David Gren, the President of Rio. The purchase price of the equity is $6 million plus Hampshire Group will receive the existing accounts receivable and certain other assets of Rio totaling approximately $5.0 million. Rio is a Honduras-based apparel manufacturer, designing, sourcing and manufacturing knit tops for men, women and children, which are sold to retailers and distributors, primarily in the United States. Hampshire Group Announces Filing of Form 12b-25
Business Wire - Tue Mar 31, 3:05PM CDT
Hampshire Group, Limited (OTC Markets:HAMP) today announced that it has filed a Form 12b-25, Notification of Late Filing, with the U.S. Securities and Exchange Commission with regard to its Annual Report on Form 10-K for the year ended December 31, 2014 (the "2014 10-K"
. This will allow the Company an additional fifteen calendar days to file the 2014 10-K, which was otherwise due on March 31, 2015. Significant management time and resources have been spent on addressing issues in the fourth quarter of 2014 and in recent months including slowdowns at West Coast shipping ports, liquidity constraints caused by lower than expected fourth quarter results, and the termination of the Company's chief financial officer and as a result, the Company's normal process of reviewing and completing the Form 10-K was delayed. The Company intends to file the Form 10-K as soon as reasonably practicable; however, at this time the Company anticipates that it will not be able be able to do so within the extension period of fifteen calendar days. Hampshire Group Appoints William Drozdowski Interim Chief Financial Officer
Business Wire - Mon Mar 16, 3:05PM CDT
Hampshire Group, Limited (OTC Markets: HAMP) today announced that, pursuant to an agreement with financial services and consulting firm, GRL Capital Advisors, it has retained the services of William Drozdowski as the Company's interim Chief Financial Officer.
Hampshire Group Announces Preliminary Fourth Quarter 2014 Results and Updates 2014 Expectations
Business Wire - Tue Feb 17, 6:30AM CST
Hampshire Group, Limited (OTC Markets:HAMP) today announced preliminary results for the fourth quarter ended December 31, 2014, and revised its expectations for the full year ending December 31, 2014.
CORRECTING and REPLACING Hampshire Group Expands Board with the Appointment of Two Independent Directors
Business Wire - Thu Jan 22, 12:10PM CST
Third paragraph, fifth sentence of release should read: He received a Bachelor's degree from Bard College and attended the MBA program at Baruch College, City University of New York (instead of He received a Bachelor's degree from Bard College and an MBA from Baruch University, City University of New York).
Hampshire Group Expands Board with the Appointment of Two Independent Directors
Business Wire - Thu Jan 22, 7:45AM CST
Hampshire Group, Limited (OTC Markets:HAMP) today announced the appointment of two new independent Board members, Thomas J. Doyle and Brett Fialkoff, effective January 18, 2015. With these appointments, Hampshire's Board increases from four to six members, of whom five are classified as independent directors.
Hampshire Group Reports 2014 Third Quarter Results
Business Wire - Thu Nov 06, 4:20PM CST
Hampshire Group, Limited (OTC Markets:HAMP) today reported results for the third quarter ended September 27, 2014.
