PR News Wire (Free subscription) | 08/25/2008
GREENVILLE, S.C., Aug. 25 /PRNewswire-FirstCall/ -- KEMET Corporation (NYSE: ) today announced that it has entered into a second amendment with the holders of its 6.66% Senior Notes. The second amendment extends the reduced consolidated minimum net worth required to be in compliance with the terms of the Senior Notes through September 30, 2008. As a result of an impairment charge reported...
EE Times (Free subscription) | 07/31/2008
Capacitor-maker Kemet Corp. is to reduce its workforce by around 12 percent or 640 employees and accrue a severance expense of approximately $20 million, primarily in the quarter ended September 2008.
Seeking Alpha (Free subscription) | 07/30/2008
Eric Savitz (Barron's) submits: Kemet (KEM) shares have lost more than half their value today, after the company reported an ugly financial report for its fiscal first quarter June 30, announced plans to cut 12% of its staff and warned that it faces a potential debt default. For the quarter , Kemet posted revenue of $242.8 million, slightly below the Street consensus of $245.2 million....
SignalBlog (Free subscription) | 07/31/2008
Standard & Poor’s announced on Wednesday online travel company Priceline.com will replace Kemet Corp. in the S&P MidCap 400 after close of trading Friday. Food company Ralcorp Holdings Inc., which is merging with Kraft Food’s Post Cereal assets, will trade positions with Par Pharmaceutical Cos., with Ralcorp moving to the S&P MidCap 400 and Par Pharmaceutical [...]
Voices - All Things Digital (Free subscription) | 07/30/2008
Kemet (KEM) shares have lost more than half their value today after the company reported ugly financial results for its fiscal first quarter June 30, announced plans to cut 12 percent of its staff and warned that it faces a potential debt default.
PR News Wire (Free subscription) | 07/30/2008
GREENVILLE, S.C., July 30 /PRNewswire-FirstCall/ -- KEMET Corporation (NYSE: ) today announced that it has entered into a new medium-term credit facility in the principal amount of EUR 95.0 million with UniCredit Corporate Banking S.p.A. ("UniCredit"), a financial institution headquartered in Italy and part of the Milan-based UniCredit Group. KEMET previously announced on June 3, 2008...
PR News Wire (Free subscription) | 07/30/2008
GREENVILLE, S.C., July 30 /PRNewswire-FirstCall/ -- KEMET Corporation (NYSE: ) announced today that it will rationalize certain corporate staff and manufacturing support functions to further reduce costs and achieve its financial goals. Approximately 640 employees will be affected as a result of this action. The salaried workforce affected represents approximately 12% of the Company's salaried...
PR News Wire (Free subscription) | 07/30/2008
GREENVILLE, S.C., July 30 /PRNewswire-FirstCall/ -- KEMET Corporation (NYSE: ) today reported preliminary results for the first quarter ended June 30, 2008. Net sales for the quarter ended June 30, 2008, were $242.8 million, which is a 32.6% increase over the same quarter last year, inclusive of recent acquisitions, and 0.7% higher than the prior quarter. Net loss was $(187.3) million, or $(2.33)...
PR News Wire (Free subscription) | 07/21/2008
GREENVILLE, S.C., July 21 /PRNewswire-FirstCall/ -- KEMET Corporation (NYSE: ) announced today that Mr. Dean W. Dimke, currently Director of Corporate and Marketing Communications for KEMET, will assume the additional responsibilities of Investor Relations effective immediately. His new title will be Director of Corporate and Investor Communications. Dean will continue to report to Dr....
PR News Wire (Free subscription) | 07/17/2008
GREENVILLE, S.C., July 17 /PRNewswire-FirstCall/ -- KEMET Corporation (NYSE: ) will hold its Annual Shareholders' Meeting on July 30, 2008, at 11:00 a.m. ET, at the Westin Poinsett Hotel, 120 South Main Street, Greenville, South Carolina. On July 30, 2008, at 8:00 a.m. ET, the Company will release earnings for the June 2008 quarter and will hold a conference call to discuss the earnings release...
PR News Wire (Free subscription) | 07/14/2008
GREENVILLE, S.C., July 14 /PRNewswire-FirstCall/ -- KEMET Corporation (NYSE: ) announced today that Mr. William Lowe, Jr., will be joining KEMET on Monday, July 14, 2008, as Executive Vice President and Chief Financial Officer. Mr. Lowe will be replacing David Gable, who announced his intention to resign earlier this year. Mr. Gable will be assisting in the transition through the end...
Mondo Visione (Free subscription) | 07/31/2008
Standard & Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices: Priceline.com Inc. (NASD:PCLN) will replace KEMET Corp. (NYSE:KEM) in the S&P MidCap 400 after the close of trading on Friday, August 1. As of today's close of trading KEMET had a market capitalization of approximately $144 million, ranking 400th in the index. S&P SmallCap 600 constituent...
SupplyLink English Channel (Free subscription) | 07/17/2008
... accelerate its customers’ success. The Best Indirect Services Award went to Lenovo Canada Inc. Kemet had the highest TCO score among all of Celestica’s suppliers. Celestica’s TCO system calculates the comprehensive cost to produce, deliver and support products and services beyond the supplier invoice price. The system considers the following supplier attributes: Quality, delivery, technology,...
