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Stanley Furniture Company Inc (STLY.OQ)

STLY.OQ on NASDAQ Stock Exchange Global Select Market

0.92USD
15 Dec 2017
Change (% chg)

$0.05 (+5.75%)
Prev Close
$0.87
Open
$0.92
Day's High
$0.93
Day's Low
$0.90
Volume
7,611
Avg. Vol
6,686
52-wk High
$1.38
52-wk Low
$0.76

Latest Key Developments (Source: Significant Developments)

Stanley Furniture Says Board Voted To Decrease Number Of Directors By One - SEC Filing‍​
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Stanley Furniture Company Inc ::STANLEY FURNITURE COMPANY - BOARD VOTED TO DECREASE NUMBER OF DIRECTORS BY ONE EFFECTIVE UPON GLENN PRILLAMAN’S RESIGNATION - SEC FILING‍​.STANLEY FURNITURE - ON DEC 7, CO ENTERED LETTER OF CONSENT WITH WELLS FARGO BANK, NATIONAL ASSOCIATION, LENDER UNDER CURRENT REVOLVING CREDIT FACILITY‍​.STANLEY FURNITURE - PURSUANT TO TERMS OF CONSENT, BORROWING CAPACITY UNDER EXISTING CREDIT FACILITY HAS BEEN LIMITED TO $2 MILLION UNTIL FEB 28, 2018.  Full Article

Stanley Announces CEO Transition
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Stanley Furniture Company Inc ::STANLEY ANNOUNCES CEO TRANSITION, ELECTION OF THREE VICE PRESIDENTS FOR SALES AND DIRECTOR RESIGNATIONS.GLENN PRILLAMAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER, HAS RESIGNED.MATTHEW SMITH HAS BEEN ELECTED INTERIM CHIEF EXECUTIVE OFFICER.SMITH IS A MANAGING DIRECTOR WITH THE FINLEY GROUP​.  Full Article

Stanley Furniture announces agreement to sell substantially all of its assets
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Stanley Furniture Company Inc ::Stanley Furniture announces agreement to sell substantially all of its assets.Stanley Furniture Company Inc - ‍company does not intend to liquidate following closing of transaction​.Stanley Furniture Company Inc - ‍has entered into an agreement to sell substantially all of its assets to Churchill Downs Llc​.Stanley Furniture - ‍deal for $11.5 million in cash, $4.6 million subordinated secured promissory note of buyer, 5 % equity interest in buyer's post-closing parent co​.Stanley Furniture Company Inc - ‍Stanley also announced that its board of directors elected Steven A. Hale II as chairman of board​.Stanley Furniture Company - ‍upon signing of agreement, buyer delivered into escrow a $750,000 deposit towards $11.5 million cash consideration for sale​.Stanley ‍- if buyer unable to obtain financing or agreement is terminated for certain other reasons, co entitled to receive deposit as termination fee​.  Full Article

Stanley Furniture announces qtrly loss per share ‍$0.02​
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Stanley Furniture Company Inc :Stanley Furniture announces third quarter 2017 results.Stanley Furniture Company Inc - Qtrly ‍net sales were $10.4 million compared to $11.0 million, down 5.5%​.Stanley Furniture Company Inc qtrly loss per share ‍$0.02​.  Full Article

Justyn Putnam reports 5.1 pct stake in Stanley Furniture Company
Monday, 13 Feb 2017 

Stanley Furniture Company Inc : Justyn Putnam reports 5.1 percent stake in Stanley Furniture Company Inc as of Jan 30 - sec filing .Justyn Putnam says acquired Stanley Furniture Company's shares of common stock for investment purposes.  Full Article

Stanley furniture - Board of Directors intends to issue 2 special dividends totaling up to $1.50 per share
Tuesday, 2 Aug 2016 

Stanley Furniture Company Inc : Board of directors intends to issue two special dividends totaling up to $1.50 per share, representing $22.1 million in aggregate . Additional special dividend of $0.25 per share is expected to be declared once company has obtained a revolving credit facility . Declared an initial special dividend of $1.25 per share payable on august 19, 2016 .As a part of ongoing strategic review, board decided to distribute cash in excess of what is needed to execute business plan to shareholders.  Full Article

Stanley Furniture Company announces Q2 results
Monday, 25 Jul 2016 

Stanley Furniture Company Inc : Qtrly net loss from continuing operations $0.10 per diluted share . Stanley Furniture announces second quarter 2016 results . Q2 sales fell 20.4 percent to $12.1 million . Qtrly operating loss was $1.4 million compared to an operating income of $387,000 .Stanley Furniture Company Inc says expect second half of this year to show improved sales and margin results.  Full Article

BRIEF-Stanley Furniture Says Board Voted To Decrease Number Of Directors By One - SEC Filing‍​

* STANLEY FURNITURE COMPANY - BOARD VOTED TO DECREASE NUMBER OF DIRECTORS BY ONE EFFECTIVE UPON GLENN PRILLAMAN’S RESIGNATION - SEC FILING‍​