May 19, 1992 |
SilentRadio, a Chatsworth company whose moving electronic displays featuring news, entertainment and sports scores are in many post offices, banks and other businesses, is going into--what else--silent TV. Its new network, to broadcast both entertainment and commercials, would air first in supermarkets. In March, SilentRadio, the National Broadcasting Co., Fleming Cos., the nation's largest grocery wholesaler, and Site-Based Media Inc.
April 3, 1999 |
A federal appeals court has ruled that, at least in Oklahoma, shareholders have the right to overrule company directors and revoke "poison pill" takeover defenses. The Denver-based 10th U.S. Circuit Court of Appeals last week found in favor of the International Brotherhood of Teamsters, which had sued national grocery distributor Fleming Cos. in order to put such a resolution before other shareholders.
April 2, 2003 |
Fleming Cos., the biggest U.S. grocery distributor, sought Chapter 11 bankruptcy protection after Kmart Corp., its biggest customer, ended a supply contract and regulators investigated its accounting. Fleming, unable to replace $4.5 billion in lost revenue from Kmart, said it could not promise vendors that it would be able to continue to ship goods after running short of cash. The Kmart contract accounted for about 20% of Fleming's revenue. The company canceled the accord in January.
November 15, 2002 |
Grocery wholesale giant Fleming Cos. said it is the subject of what it calls an informal Securities and Exchange Commission inquiry. The Lewisville, Texas-based grocery distributor said the SEC was looking into Fleming's accounting and sales reporting. The Wednesday disclosure came hours after Fleming announced it was selling 26 Food4Less stores in California and two still under construction to Save Mart Supermarkets for $165 million. Fleming shares fell 89 cents to $5.11 on the NYSE.
March 5, 2003 |
Fleming Cos., the No. 1 U.S. grocery distributor, ousted Chairman and Chief Executive Mark Hansen a week after the company said it was the target of a Securities and Exchange Commission investigation. The board decided that a management change was necessary, a spokesman said. Directors Peter Willmott and Archie Dykes will run the company until a new CEO is hired, Fleming said. Shares of Lewisville, Texas-based Fleming fell 12 cents, or 5.7%, to $2 on the NYSE.
November 6, 2003 |
Two major U.S. food companies may face civil charges from federal regulators on allegations that they helped food distributor Fleming Cos. inflate its revenue. Kraft Foods Inc., the largest North American food maker, and Dean Foods Co., the No. 1 U.S. dairy processor, said they had received notices from the Securities and Exchange Commission on the matter.