Zarvic Brothers announces formation of Metalico shareholder committee

 April 14, 2015 


Nicholas Stirpe of Zarvic Brothers has announced the formation of Metalico (MEA) Shareholder Committee.


The purpose of the Metalico (MEA) shareholder committee is to assist the board of directors of Metalico (MEA) in evaluating strategic opportunities and alternatives to create shareholder value, including potential mergers, acquisitions, investments, divestitures, and other strategic opportunities, or commitments, and various capital structure strategies, and alternatives outside the ordinary course of Metalico (MEA) business.


 It is Zarvic Brothers determination to play a role to find solutions to a maze of problems within Metalico (MEA).   


 Key Executive Salaries range: $300,000 - $500,000 per year. 


 

Market Capitalization:


12/31/2011       12/31/2012       12/31/2013        12/31/2014       4/13/2015
$156,145,200    $93,233,599     $99,452,556       $27,411,802    $23,020,000


 

Net Income:

12/31/2011       12/31/2012       12/31/2013       12/31/2014       4/13/2015
$13,462,000     ($13,111,000)    ($34,816,000)   ($34,816,000)    ($7,780,000)


 

Net income growth:

12/31/2011       12/31/2012       12/31/2013       12/31/2014       4/13/2015    
(4.91)                  (1.75)                  1.66                   (0.65)                 (0.65)


 

Earnings Per Share:

12/31/2011       12/31/2012       12/31/2013       12/31/2014       4/13/2015
(0.06)                  (0.16)                 (0.07)                  (0.14)                 (0.14)


 The Committee is responsible for assisting the Metalico (MEA) Board in evaluating opportunities and making recommendations to the board. The committee should be authorized to review and approve investments, acquisitions, divestitures, and other strategic commitments of capital by the corporation. The committee will make recommendations to the board regarding return on capital to shareholders, including, investments, divestitures, acquisitions, mergers, and other strategic investments and opportunities.  The committee will convene as necessary to act upon any matter, and shall demand access to the Metalico (MEA) management who shall be directed to provide the committee with any and all information requested. The committee shall be comprised of three to five shareholders. Each of whom will satisfy an independent evaluation of Metalico (MEA) Company. Each member will serve on behalf of all shareholders to create and maximize shareholder value of Metalico (MEA) Company.                          

 

Cautionary Statement Regarding Forward-Looking Statements:


The information herein contains "forward-looking statements." Specific forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include, without limitation, words such as "may," "will," "expects," "believes," "anticipates," "plans," "estimates,""projects," "targets," "forecasts," "seeks," "could," "should" or the negative of such terms or other variations on such terms or comparable terminology. Similarly, statements that describe our objectives, plans or goals are forward-looking. Forward-looking statements are subject to various risks and uncertainties and assumptions. There can be no assurance that any idea or assumption herein is, or will be proven, correct. If one or more of the risks or uncertainties materialize, or if Zarvic's underlying assumptions prove to be incorrect, the actual results may vary materially from outcomes indicated by these statements. Accordingly, forward-looking statements should not be regarded as a representation by Zarvic that the future plans, estimates or expectations contemplated will ever be achieved.


Certain statements and information included herein have been sourced from third parties. Zarvic does not make any representations regarding the accuracy, completeness or timeliness of such third party statements or information. Except as may be expressly set forth herein, permission to cite such statements or information has neither been sought nor obtained from such third parties. Any such statements or information should not be viewed as an indication of support from such third parties for the views expressed herein.