TallTrader
1 año hace
CEO taking stock in lieu of $400k salary
On July 28, 2023, GSE Systems Inc. (the “Company”) entered into a letter agreement (the “Letter Agreement”) with Kyle Loudermilk, the Chief Executive Officer of the Company, with respect to Mr. Loudermilk’s annual salary.
The Letter Agreement (i) reduces Mr. Loudermilk’s annual salary for the period of June 1, 2023 to May 30, 2024 (the “Effective Period”) from $446,250.00 to $46,250.00, and (ii) in lieu thereof, grants Mr. Loudermilk certain restricted stock units (“RSUs”) on a quarterly basis beginning September 30, 2023. The number of RSUs granted shall be determined by dividing the amount of Mr. Loudermilk’s salary reduction ($400,000.00 in the aggregate during the Effective Period) for each such period by the five-day volume weighted average price of the Company’s common stock (calculated to two decimal places) using all trades completed on a trading day as reported by NASDAQ; or, if the Company’s common stock is not then listed on the NASDAQ, by such other exchange on which the Company lists its common stock, immediately preceding the grant date, subject to vesting and all other terms and conditions set forth in the Company’s 1995 Long Term Incentive Plan.
The remainder of Mr. Loudermilk’s terms of employment remain unchanged and are as set forth in his Employment Agreement, dated July 1, 2015 (as amended July 1, 2016, June 12, 2017 and January 11, 2019) (the “Employment Agreement”). Additional compensation owed to Mr. Loudermilk pursuant to the Employment Agreement, such as bonus compensation and any other performance-based RSUs or equity awards, shall continue to be calculated based on Mr. Loudermilk’s prior annual salary of $446,250.00 as contemplated in the Employment Agreement.
https://www.sec.gov/Archives/edgar/data/944480/000094448023000072/form8-k_loudermilk.htm
whytestocks
5 años hace
News: $GVP GSE Systems Elects New Board Member
GSE Systems, Inc. (GSE or the Company) (Nasdaq: GVP) , a leader in delivering end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced that its Board of Directors has unanimously elected Kathryn O’Connor Gardner as a Clas...
Find out more GVP - GSE Systems Elects New Board Member
Capt_Smith77
6 años hace
Maxim Group Analysts Give GSE Systems (GVP) a $5.00 Price Target
Posted by Lisa Matthews on Jan 23rd, 2019
GSE Systems (NYSEAMERICAN:GVP) has been given a $5.00 price target by investment analysts at Maxim Group in a report issued on Wednesday. The brokerage currently has a “buy” rating on the technology company’s stock. Maxim Group’s price objective points to a potential upside of 64.30% from the company’s previous close.
Separately, TheStreet cut GSE Systems from a “b” rating to a “c+” rating in a research report on Monday, November 12th.
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NYSEAMERICAN GVP traded down $0.02 on Wednesday, hitting $3.04. 4,512 shares of the company’s stock were exchanged, compared to its average volume of 23,093. GSE Systems has a fifty-two week low of $2.00 and a fifty-two week high of $3.85.
A hedge fund recently bought a new stake in GSE Systems stock. Essex Investment Management Co. LLC purchased a new position in shares of GSE Systems (NYSEAMERICAN:GVP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 98,762 shares of the technology company’s stock, valued at approximately $356,000. Essex Investment Management Co. LLC owned approximately 0.50% of GSE Systems at the end of the most recent reporting period.
About GSE Systems
GSE Systems, Inc provides simulation, training, and engineering solutions to the power and process industries worldwide. It operates through two segments, Performance Improvement Solutions and Nuclear Industry Training and Consulting. The Performance Improvement Solutions segment provides various simulation products, engineering services, and operation training systems for the nuclear, fossil fuel power generation, and process industries.
https://www.fairfieldcurrent.com/news/2019/01/23/maxim-group-analysts-give-gse-systems-gvp-a-5-00-price-target.html
Capt_Smith77
6 años hace
Dawson James Comments on GSE Systems’ FY2018 Earnings (NYSEAMERICAN:GVP)
Posted by Ron Greene on Jan 13th, 2019 // No Comments
GSE Systems (NYSEAMERICAN:GVP) – Dawson James issued their FY2018 earnings estimates for shares of GSE Systems in a note issued to investors on Tuesday, December 18th, Zacks Investment Research reports. Dawson James analyst B. Sine forecasts that the technology company will earn $0.24 per share for the year. Dawson James also issued estimates for GSE Systems’ Q4 2018 earnings at $0.06 EPS, Q1 2019 earnings at $0.08 EPS, Q2 2019 earnings at $0.09 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.08 EPS, FY2019 earnings at $0.34 EPS, Q1 2020 earnings at $0.11 EPS, Q2 2020 earnings at $0.11 EPS, Q3 2020 earnings at $0.11 EPS and FY2020 earnings at $0.43 EPS.
GVP has been the subject of several other research reports. Maxim Group reissued a “buy” rating and issued a $5.00 price target on shares of GSE Systems in a report on Friday, November 9th. TheStreet downgraded shares of GSE Systems from a “b” rating to a “c+” rating in a research report on Monday, November 12th.
Shares of GVP traded up $0.12 during mid-day trading on Thursday, reaching $2.58. The stock had a trading volume of 3,344 shares, compared to its average volume of 16,468. GSE Systems has a 12 month low of $2.00 and a 12 month high of $3.85.
An institutional investor recently raised its position in GSE Systems stock. Cove Street Capital LLC raised its position in GSE Systems (NYSEAMERICAN:GVP) by 9.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 287,046 shares of the technology company’s stock after buying an additional 24,406 shares during the period. Cove Street Capital LLC owned 1.46% of GSE Systems worth $933,000 as of its most recent filing with the SEC.
GSE Systems Company Profile
GSE Systems, Inc provides simulation, training, and engineering solutions to the power and process industries worldwide. It operates through two segments, Performance Improvement Solutions and Nuclear Industry Training and Consulting. The Performance Improvement Solutions segment provides various simulation products, engineering services, and operation training systems for the nuclear, fossil fuel power generation, and process industries.
https://www.baseballdailydigest.com/news/2019/01/13/gse-systems-gvp-forecasted-to-earn-fy2018-earnings-of-0-24-per-share.html