setting and maintenance materials

Search documents
Tile Shop's Board of Directors Approves Plan to Terminate Registration of Its Common Stock
Globenewswire· 2025-10-06 20:05
Core Viewpoint - Tile Shop Holdings, Inc. plans to delist its shares from Nasdaq and suspend its reporting obligations to the SEC to reduce costs and focus on long-term shareholder value [1][2][4]. Delisting and Deregistration Plan - The Independent Transaction Committee has recommended and the Board has approved a plan to delist shares, suspend periodic reporting, and terminate registration under federal securities laws after a proposed reverse stock split [1][4]. - The anticipated savings from this plan are approximately $2.4 million annually [2]. Reverse Stock Split Details - The proposed reverse stock split will be at a ratio between 1-for-2,000 and 1-for-4,000, with fractional shares being cashed out at $6.60 per share, which is a premium over the closing price on October 2, 2025 [3]. - Stockholders with more shares than the split ratio will remain shareholders, and their number of shares will be unchanged post-transaction [3][4]. Board's Rationale - The Board unanimously believes the transaction is in the best interests of the Company and its stockholders, as the Company incurs significant costs without realizing the benefits of public company status [4][5]. - The reverse stock split aims to reduce the number of record holders below 300, thus eliminating SEC public reporting obligations, and to provide liquidity to smaller stockholders [4][5]. Future Steps - The Company expects to hold a Special Meeting in December 2025 for stockholder approval of the proposed transaction [6]. - Following stockholder approval, the Company plans to delist its common stock and cease SEC filings shortly thereafter [7].
The Tile Shop to Host Second Quarter 2025 Earnings Conference Call
Globenewswire· 2025-07-31 15:42
Core Viewpoint - Tile Shop Holdings, Inc. is set to release its financial results for the second quarter ended June 30, 2025, on August 7, 2025, at 7:00 a.m. Eastern Time [1] Group 1: Financial Results Announcement - The Company will host a conference call via webcast for investors on August 7, 2025, at 9:00 a.m. Eastern Time, featuring the CEO, CFO, and Investor Relations [2] - A webcast of the call will be accessible on the Company's Investor Relations page, with a replay available afterward [3] Group 2: Company Overview - Tile Shop is a specialty retailer in the U.S. offering natural stone tiles, man-made and luxury vinyl tiles, and related accessories, operating 140 stores across 31 states and the District of Columbia [5] - The Company emphasizes high-quality products, exclusive designs, knowledgeable staff, and exceptional customer service in its extensive showrooms [5] Group 3: Disclosure Practices - The Company plans to use its website for disclosing material non-public information and complying with Regulation FD, encouraging investors to monitor its website for updates [4]
The Tile Shop to Host First Quarter 2025 Earnings Conference Call
GlobeNewswire News Room· 2025-05-01 21:00
Core Viewpoint - Tile Shop Holdings, Inc. is set to release its financial results for the first quarter ended March 31, 2025, on May 8, 2025, at 7:00 a.m. Eastern Time [1] Group 1: Financial Results Announcement - The Company will host a conference call via webcast for investors on May 8, 2025, at 9:00 a.m. Eastern Time [2] - The call will be led by the CEO, CFO, and Investor Relations [2] - A webcast replay will be available on the Company's Investor Relations page [3] Group 2: Disclosure Practices - The Company plans to use its website for disclosing material non-public information in compliance with Regulation FD [4] - Investors are encouraged to monitor the Company's website for updates, press releases, and SEC filings [4] Group 3: Company Overview - Tile Shop is a specialty retailer of natural stone tiles, man-made and luxury vinyl tiles, and related accessories in the U.S. [5] - The Company operates 142 stores across 31 states and the District of Columbia [5] - Tile Shop is affiliated with several industry organizations, including ASID, NAHB, NKBA, and NTCA [6]