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Pep Boys names new CEO
2015-06-15 21:17:53| Auto Parts - Topix.net
Mr. Sider also was appointed to the Philadelphia-based automotive aftermarket chain's board of directors. In connection with his appointment, John Sweetwood, who is currently serving as interim CEO, will resume his position as an independent board member, Pep Boys said.
Pep Boys names new chief executive officer
2015-06-15 16:58:53| Auto Parts - Topix.net
The announcement comes more than eight months after Michael Odell stepped down from the job in September, just a few weeks after the Philadelphia-based company reported disappointing second quarter earnings. His most recent position was as the group president of Rent A Car Americas, Hertz's largest division.
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Pep Boys avoids proxy fight with GAMCO
2015-06-12 23:05:59| Auto Parts - Topix.net
Pep Boys Manny, Moe & Jack has avoided a proxy fight with its largest shareholder, GAMCO Asset Management Inc., by agreeing to nominate three directors recommended by GAMCO to be voted on at Pep Boys' annual meeting July 10. Rye, N.Y.-based GAMCO, which owns 18.9 percent of Pep Boys' stock, originally had proposed nominating a slate of four candidates, telling shareholders it was doing so because it had "little confidence that [Pep Boys'] board, as currently composed, is committed to taking the necessary steps to enhance shareholder value." GAMCO said it believes its nominees "will bring significant and relevant experience, new insight and fresh perspectives to the board."
Pep Boys avoids fight with biggest shareholder
2015-06-11 20:17:00| Auto Parts - Topix.net
The largest shareholder of Pep Boys Manny, Moe & Jack has won a fight to add three members to the company's board of directors following a months-long, back-and-forth contest between the two parties. The settlement avoids competing slates of board candidates at Pep Boys' annual shareholder meeting in July.
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Pep Boys Stock Soars Nearly 10 Percent
2015-06-11 02:27:11| Auto Parts - Topix.net
Pep Boys: Manny, Moe & Jack saw its stock soar nearly 10 percent after releasing a solid earnings report. The Philadelphia-based automotive repair company reported earnings of $11.9 million or 22 cents per share in first-quarter of fiscal year 2015.
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