Core Viewpoint - Optical Cable Corporation (OCC) is set to release its fourth quarter and fiscal year 2024 results on December 23, 2024, and will host a conference call to discuss these results [1][2]. Company Information - OCC is a leading manufacturer of fiber optic and copper data communication cabling and connectivity solutions, primarily serving the enterprise market and various specialty markets [4][6]. - The company is recognized for its innovative technologies in fiber optic and copper communications, offering a broad range of products designed for demanding environments [5][6]. - OCC's solutions cater to various applications, including commercial, enterprise networks, data centers, and specialized environments such as military and industrial sectors [6]. Conference Call Details - The conference call will take place on December 23, 2024, at 10:30 a.m. Eastern Time, with participation options for both U.S. and international callers [1][2]. - A replay of the call will be available until December 30, 2024, and it will also be broadcast live on the company's website [2]. Investor Engagement - OCC encourages analysts and fund investors to ask questions during the conference call and invites individual investors to submit questions in advance [3].

Core Points - Lake Shore Savings Bank received a termination notice for the Consent Order from the Office of the Comptroller of the Currency (OCC), indicating that the bank has addressed deficiencies in various operational areas [1] - The OCC also lifted the "Troubled Condition" status of the bank, reflecting improvements in its operational compliance [1] - Kim C. Liddell, the President and CEO, emphasized the team's rapid progress in remediation efforts and their commitment to serving customers and communities [2] Company Overview - Lake Shore Bancorp, Inc. is the mid-tier holding company for Lake Shore Savings Bank, which is a federally chartered financial institution based in Dunkirk, New York [2] - The bank operates ten full-service branches in Western New York, providing a range of retail and commercial lending and deposit services [2] - The company's common stock is traded on the NASDAQ Global Market under the ticker symbol "LSBK" [2]

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Citigroup Inc. (C) continues to struggle with fixing its regulatory problems. United States Senator, Elizabeth Warren, urged the Office of the Comptroller of the Currency ("OCC") to impose growth limitations on the company. This was first reported by Reuters on Thursday. Citigroup's continued problems with data, controls and management are evidence of the fact that the bank has become "too big to manage," and therefore, it should be subjected to constraints, argued Senator Warren in a letter to Acting Compt ...

Exhibit 99.1 AT THE COMPANY: Neil Wilkin Tracy Smith Chairman, President & CEO Senior Vice President & CFO (540) 265-0690 (540) 265-0690 OPTICAL CABLE CORPORATION 5290 Concourse Drive Roanoke, VA 24019 (Nasdaq GM: OCC) www.occfiber.com investorrelations@occfiber.com investorrelations@occfiber.com AT JOELE FRANK, WILKINSON BRIMMER KATCHER: Aaron Palash Spencer Hoffman (212) 355-4449 ext. 8603 (212) 355-4449 ext. 8928 occ-jfwbk@joelefrank.com occ-jfwbk@joelefrank.com FOR IMMEDIATE RELEASE While production vol ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ______________ Commission file number 0-27022 OPTICAL CABLE CORPORATION (Exact name of registrant as specified in its charter) Virgini ...

ROANOKE, Va., June 10, 2024 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for its second quarter ended April 30, 2024. Consolidated net sales for the second quarter of fiscal year 2024 were $16.1 million, a decrease of 17.9% compared to net sales of $19.6 million for the same period in the prior year. OCC experienced decreases in both its enterprise and specialty markets, including the wireless carrier market, in the second quarter of ...

Optical Cable Corporation ("OCC®") is a leading manufacturer of a broad range of fiber optic and copper data communication cabling and connectivity solutions primarily for the enterprise market and various harsh environment and specialty markets (collectively, the non-carrier markets) and also the wireless carrier market, offering integrated suites of high-quality products which operate as a system solution or seamlessly integrate with other components. ROANOKE, Va., June 6, 2024 /PRNewswire/ -- Optical Cab ...

AT THE COMPANY: Roanoke, Va., March 13, 2024 — Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for its first quarter ended January 31, 2024. Neil Wilkin Chairman, President & CEO (540) 265-0690 investorrelations@occfiber.com Tracy Smith Senior Vice President & CFO (540) 265-0690 investorrelations@occfiber.com AT JOELE FRANK, WILKINSON BRIMMER KATCHER: Aaron Palash (212) 355-4449 ext. 8603 occ-jfwbk@joelefrank.com Spencer Hoffman (212) 355-4449 ext. 8928 ...

Financial Facilities and Borrowings - The maximum aggregate principal amount subject to the Revolver is $18.0 million, with interest accruing at a rate of 1.5% above the Prime Rate, not less than 4.75%, and reaching 10.0% as of January 31, 2024 [132] - As of January 31, 2024, the company had $7.5 million of outstanding borrowings on its Revolver and $2.3 million in available credit [134] Capital Expenditures and Funding - The company estimates capital expenditures of $1.0 million for the 2024 fiscal year, to be funded from working capital, cash from operations, or Revolver borrowings [135] - The company believes its future cash flow from operations, cash on hand, and existing credit facilities will be adequate to fund operations for at least the next twelve months [137] Sales Patterns - Net sales are typically 48% in the first half and 52% in the second half of each fiscal year, reflecting customer buying patterns and budgetary cycles [139] Regulatory and Accounting Updates - The company is evaluating the impact of FASB's ASU 2023-07 on segment reporting disclosures, effective for annual periods beginning after December 15, 2023 [143] - The company is also evaluating the impact of FASB's ASU 2023-09 on income tax disclosures, effective for annual periods beginning after December 15, 2024 [144] Internal Controls and Procedures - The company's disclosure controls and procedures were effective as of January 31, 2024, with no material changes in internal control over financial reporting during the last fiscal quarter [148]