Edition:
United Kingdom

Horizon Global Corp (HZN.N)

HZN.N on New York Stock Exchange

4.31USD
24 May 2019
Change (% chg)

$0.38 (+9.67%)
Prev Close
$3.93
Open
$3.95
Day's High
$4.40
Day's Low
$3.95
Volume
17,249
Avg. Vol
52,644
52-wk High
$8.49
52-wk Low
$1.34

Latest Key Developments (Source: Significant Developments)

Horizon Global Announces Governance Initiatives To Align With Shareholders
Tuesday, 23 Apr 2019 

April 23 (Reuters) - Horizon Global Corp ::HORIZON GLOBAL ANNOUNCES GOVERNANCE INITIATIVES TO ALIGN WITH SHAREHOLDERS.HORIZON GLOBAL CORP - BOARD MOVES TO ACCELERATE DECLASSIFICATION OF BOARD STRUCTURE.HORIZON GLOBAL CORP - BOARD APPROVES SIGNIFICANT SHIFT IN DIRECTOR COMPENSATION FROM CASH TO EQUITY.HORIZON GLOBAL CORP - BOARD APPROVED AN AMENDMENT TO ITS AMENDED AND RESTATED CERTIFICATE OF INCORPORATION.HORIZON GLOBAL CORP - AMENDMENT IF APPROVED, ALL DIRECTORS WILL STAND FOR ELECTION IN 2019 AND EVERY YEAR GOING FORWARD..HORIZON GLOBAL CORP - BOARD APPROVED REVISIONS TO ITS INDEPENDENT DIRECTOR COMPENSATION PROGRAM TO ELIMINATE ANNUAL CASH RETAINERS.HORIZON GLOBAL CORP - IN LIEU OF ANNUAL CASH RETAINERS, INDEPENDENT DIRECTORS WILL RECEIVE EQUITY-BASED COMPENSATION..HORIZON GLOBAL CORP - INDEPENDENT DIRECTORS WILL NO LONGER BE ENTITLED TO INDIVIDUAL MEETING FEES..  Full Article

Horizon Global Says John Kennedy Named As Independent Board Chair
Thursday, 4 Apr 2019 

April 4 (Reuters) - Horizon Global Corp ::HORIZON GLOBAL ANNOUNCES EXPANSION OF ITS BOARD OF DIRECTORS.HORIZON GLOBAL CORP - JOHN KENNEDY NAMED AS INDEPENDENT BOARD CHAIR.HORIZON GLOBAL CORP - FOUR DIRECTORS ANNOUNCE RETIREMENT.HORIZON GLOBAL CORP - SIX NEW INDEPENDENT DIRECTORS APPOINTED WITH OPERATIONAL, TURNAROUND AND FINANCIAL EXPERTISE.HORIZON GLOBAL CORP - WITH THESE ANNOUNCED CHANGES, BOARD EXPANDS ITS MEMBERSHIP TO NINE DIRECTORS,.  Full Article

Horizon Global Corp Says Co Received A Revised Binding Commitment From A Third Party To Provide A Second Lien Term Facility
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Horizon Global Corp ::HORIZON GLOBAL CORP - ON MARCH 8, 2019, CO RECEIVED A REVISED BINDING COMMITMENT FROM A THIRD PARTY TO PROVIDE A SECOND LIEN TERM FACILITY.HORIZON GLOBAL CORP - THIRD PART TO PROVIDE A SECOND LIEN TERM FACILITY IN AGGREGATE PRINCIPAL AMOUNT OF APPROXIMATELY $51 MILLION.  Full Article

Corre Partners Management LLC Reports 9.98 Pct Stake In Horizon Global Corp As Of Jan. 31
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Horizon Global Corp ::CORRE PARTNERS MANAGEMENT LLC REPORTS 9.98 PERCENT SHARE STAKE IN HORIZON GLOBAL CORP AS OF JAN 31 - SEC FILING.CORRE PARTNERS MANAGEMENT ACQUIRED HORIZON GLOBAL SHARES FOR INVESTMENT PURPOSES.  Full Article

Atlas Capital Resources II LP Reports 8.79 Pct Stake In Horizon Global Corp As Of Dec 20, 2018-SEC Filing
Wednesday, 26 Dec 2018 

Dec 26 (Reuters) - Horizon Global Corp ::ATLAS CAPITAL RESOURCES II LP REPORTS 8.79 PERCENT STAKE IN HORIZON GLOBAL CORP AS OF DEC 20, 2018 - SEC FILING.ATLAS CAPITAL RESOURCES II LP EARLIER REPORTED 6.68 PERCENT STAKE IN HORIZON GLOBAL CORP ON NOV 20, 2018.  Full Article

Horizon Global Board Appoints Carl Bizon As CEO
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Horizon Global Corp ::HORIZON GLOBAL BOARD OF DIRECTORS APPOINTS CARL BIZON AS PRESIDENT AND CHIEF EXECUTIVE OFFICER.HORIZON GLOBAL CORP - COMPANY ALSO ANNOUNCES DEPARTURE OF DAVID RICE, CHIEF FINANCIAL OFFICER.HORIZON GLOBAL CORP - EFFECTIVE NOVEMBER 9, BOARD APPOINTED BRIAN WHITTMAN TO SERVE AS INTERIM CFO.HORIZON GLOBAL - EFFECTIVE IMMEDIATELY, CARL BIZON APPOINTED AS COMPANY'S PRESIDENT AND CHIEF EXECUTIVE OFFICER.  Full Article

Horizon Global Corp Says On July 31, Co Entered Into The Fourth Amendment To Credit Agreement
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Horizon Global Corp ::HORIZON GLOBAL CORP SAYS ON JULY 31, CO ENTERED INTO THE FOURTH AMENDMENT TO CREDIT AGREEMENT - SEC FILING.HORIZON GLOBAL - AMENDMENT AMENDED AGREEMENT TO, AMONG OTHERS, PROVIDE FOR INCREMENTAL TERM LOAN COMMITMENTS IN AGGREGATE PRINCIPAL AMOUNT OF $50 MILLION.  Full Article

Horizon Global Seeks To Amend Credit Agreement
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Horizon Global Corp ::HORIZON GLOBAL SEEKS TO AMEND CREDIT AGREEMENT AND REPORTS PRELIMINARY SECOND QUARTER 2018 FINANCIAL RESULTS.SEES Q2 REVENUE $232 MILLION TO $234 MILLION.HORIZON GLOBAL SEEKS TO AMEND CREDIT AGREEMENT AND REPORTS PRELIMINARY SECOND QUARTER 2018 FINANCIAL RESULTS.SEEKING TO AMEND ITS TERM LOAN CREDIT AGREEMENT WHICH GOVERNS ITS CURRENT $146 MILLION SENIOR TERM LOAN FACILITY.SEEKING TO AMEND CREDIT AGREEMENT TO ALLOW FOR UP TO $50 MILLION IN INCREMENTAL BORROWINGS, PROVIDE ADDITIONAL FLEXIBILITY.  Full Article

Horizon Global Sees FY 2017 Revenue Up 37.2 To 37.6 Pct
Thursday, 25 Jan 2018 

Jan 25 (Reuters) - Horizon Global Corp ::HORIZON GLOBAL ANNOUNCES REVISED EXPECTATIONS FOR 2017 RESULTS.SEES FY 2017 REVENUE UP 37.2 TO 37.6 PERCENT.SEES 2017 DILUTED LOSS PER SHARE IN RANGE OF $0.02 TO $0.08.SEES ‍2017 OPERATING PROFIT OF $34.0 MILLION TO $36.0 MILLION, REVISED FROM PRIOR GUIDANCE OF $38.2 MILLION TO $44.2 MILLION​.SEES 2017 ADJUSTED DILUTED EARNINGS PER SHARE IN RANGE OF $0.88 TO $0.96.2017 ‍REVISED EXPECTATIONS RESULTED FROM A NUMBER OF FACTORS IN COMPANY'S BUSINESS​.‍HORIZON AMERICAS' REVENUE FELL BELOW EXPECTATIONS FOR FY DUE TO SALES SHORTFALL, DELIVERY DELAYS DURING Q4​.HORIZON GLOBAL - ‍HORIZON EUROPE-AFRICA'S 2017 OPERATING PROFIT FELL BELOW EXPECTATIONS DUE TO UNFAVORABLE SALES MIX, INCREASED MATERIAL COSTS​.HORIZON GLOBAL- 2017 DILUTED EPS WERE REDUCED BY ESTIMATE OF EFFECTS ON EXISTING DEFERRED TAX BALANCES, ONE-TIME TRANSITION TAX UNDER TAX REFORM.FY2017 EARNINGS PER SHARE VIEW $1.08, REVENUE VIEW $904.7 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Horizon Global Americas Says Co, Hopkins Manufacturing Agreed To Amicably Resolve 4 Year Old Patent Rights Dispute
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Horizon Global Corp ::HORIZON GLOBAL AMERICAS - CO, HOPKINS MANUFACTURING AGREED TO AMICABLY RESOLVE 4 YEAR OLD DISPUTE OVER PATENT RIGHTS TO THEIR ELECTRONIC BRAKE CONTROLLERS.HORIZON GLOBAL AMERICAS - AS PER AGREEMENT, HOPKINS WILL PAY HORIZON FOR A FULLY PAID LICENSE ON THE PATENTED BRAKE CONTROLLERS INVOLVED IN THE DISPUTE.HORIZON GLOBAL AMERICAS SAYS PARTIES WILL EXECUTE MUTUAL RELEASES WITH SPECIFIC TERMS REMAINING CONFIDENTIAL.  Full Article