May 31, 1996
Dito Devcar Corp. and its affiliates raised their joint stake in Fidelity National Financial Inc. to 9.4% of the company's outstanding common shares. The Las Vegas-based investment group led by Richard Pickup purchased 439,000 shares at $12 to $13.375 a share from April 26 to May 14, according to a statement filed Thursday with the Securities and Exchange Commission by Irvine-based Fidelity National, a title insurance company. The group now holds 1.17 million shares in Fidelity National.
September 20, 1994
Pac Rim Holding Corp. said that 602,000 of its common shares, owned by First Interstate Bank, were sold in private-placement to a group of investors for $1.505 million, or $2.50 per share. The shares, acquired by First Interstate through a loan foreclosure, were sold to a group including a company run by Richard Pickup of Newport Beach, who controls about 10% of the outstanding shares of Pac Rim.
August 23, 1994
Pac Rim Holding Corp., a Woodland Hills workers' compensation insurer, said it has elected a new chairman and completed $20 million in financing. The new chairman, Robert M. Anderson, 51, is the owner, president and chief executive of Anderson and Anderson Insurance Brokers Inc. in Irvine. He and four other new Pac Rim board members replace five former board members who have resigned, including former chairman Chester I. Lappen.
May 17, 1994
Pac Rim Holding Corp., a Woodland Hills workers' compensation insurer, reported a $1.08-million loss in the first quarter. A year ago, the company earned $58,000. Its revenue in the three months ended March 31 was $23.6 million, up from the $23.3 million in first-quarter revenue in 1993. Pac Rim said that continuing concern by agents, brokers and policyholders about its financial strength and lack of capital hurt its ability to renew policies and acquire new business in the first quarter.
December 1, 1992
A Newport Beach investor has increased his stake in Pac Rim Holding Corp. of Encino and now holds 9.9% of the workers' compensation company's common stock, according to a Securities and Exchange Commission filing. Richard H. Pickup bought 95,300 shares between Sept. 18 and Oct. 13 for $3.12 to $3.25 each. That boosted his total investment in Pac Rim to 957,300 shares, according to the filing.
June 16, 1992
A securities executive has raised his stake in Pac Rim Holding Corp. to 6.8% of the Woodland Hills-based provider of workers' compensation insurance. In a filing with the Securities and Exchange Commission, Richard H. Pickup, vice president of Wedbush Morgan Securities Inc., said he bought an additional 111,000 Pac Rim shares between April 7 and May 27 for investment purposes. Pickup, who paid between $3.62 and $4.