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Security Environmental Systems Inc

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BUSINESS
April 23, 1995 | HOPE HAMASHIGE, SPECIAL TO THE TIMES
Financially troubled Security Environmental Systems Inc. said Friday that it has filed for bankruptcy protection while it reorganizes its debts. The hazardous-waste hauler also said that it had laid off five employees at its Huntington Beach headquarters on Thursday.
BUSINESS
February 14, 1994
Security Environmental Systems Inc., which manages and disposes of hazardous waste, said its common shares will begin trading today on the Nasdaq market. The Huntington Beach company's stock formerly traded on Nasdaq's "small-cap" listing. The company will keep SENV as its trading symbol. The change, the company said, will give brokers and investors better pricing information.
BUSINESS
April 28, 1992
Security Environmental Systems Inc., a Garden Grove biomedical and hazardous waste disposal company, said that it has entered into an option agreement to sell its Vernon property to an unidentified waste disposal company. If the option is exercised, Security Environmental will receive more than $1.5 million after costs. The initial option will terminate on Dec. 31, 1992, but may be extended.
BUSINESS
February 17, 1995 | HOPE HAMASHIGE
Security Environmental Systems Inc. said Thursday that the Nasdaq market system has removed its stock from trading and that the company plans to appeal the delisting by the computer-based exchange. The company was delisted because it had failed to file its annual report for its most recent fiscal year, which ended June 30, and its reports for subsequent quarters, Nasdaq spokesman Jim Spellman said.
BUSINESS
January 13, 1995 | HOPE HAMASHIGE, SPECIAL TO THE TIMES
An angry shareholder has filed suits against Security Environmental Systems Inc. and has threatened to oust the company's board of directors. Two lawsuits have been filed against the Huntington Beach-based waste-hauling company in Delaware Chancery Court by WNH Investments in San Marino, which owns a 38% stake in Security Environmental. One suit claims that Security Environment violated federal securities law because it has not held an annual meeting since June 26, 1993.
BUSINESS
December 30, 1994 | DON LEE, TIMES STAFF WRITER
Security Environmental Systems Inc. said Thursday it has agreed to pay $325,000 to settle various allegations of breach of contract and securities law violations. But the waste-management company, based in Huntington Beach, said it still has some "significant" litigation issues to resolve.
BUSINESS
December 14, 1994 | GREG JOHNSON
Security Environmental Systems Inc. said Tuesday it does not expect to file its most recent annual and quarterly reports with the Securities and Exchange Commission until early in 1995. The company also said it will report a "sizable loss" for the fiscal year ended June 30 as well as a loss for the first quarter of its current fiscal year. In a press release, the Huntington Beach-based company tied the reporting delay to an ongoing review by its independent auditors.
BUSINESS
November 1, 1994 | HOPE HAMASHIGE, SPECIAL TO THE TIMES
In a continuing shake-up, Security Environmental Systems Inc. said Monday that four more top managers, including the chief financial officer and controller, had left the waste management company. In recent weeks, other senior company executives had left or been terminated by company President Ellen Batzel, including the company's founder Alfred Grossman. Grossman was removed as chairman of the board on Oct. 10. His two sons, Stephen and Jonathan, resigned in mid-September.
BUSINESS
October 11, 1994 | HOPE HAMASHIGE, SPECIAL TO THE TIMES
Security Environmental Systems Inc. said Monday it has removed Alfred Grossman, one of the company's co-founders, from his position as chairman. The announcement came just weeks after the resignations of Grossman's two sons, Stephen and Jonathan. The three ran the Huntington Beach hazardous waste disposal company, founded in 1972, until March, when they handed over its operation to Ellen Batzel, formerly the company's vice president for legal affairs.
BUSINESS
December 14, 1993
Security Environmental Systems Inc. said it has been awarded a $1-million contract to move and dispose of hazardous waste generated at Army bases in Albany and Ft. Benning, Ga. Security Environmental specializes in hazardous waste disposal. The Huntington Beach company also said its two-year contract for waste removal at Camp Pendleton has been extended for up to 12 months. Security Environmental said it has earned $5.4 million from that contract.
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