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Sec Filing

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Simmons Bank to shutter 26 branches by December, cutting 100 jobs
finance1 month ago

Simmons Bank to shutter 26 branches by December, cutting 100 jobs

Simmons First National Corp. announced the closure of 26 bank branches across its six-state footprint, including six locations in Arkansas, effective December 4, 2026. The move will impact approximately 100 employees, though the company expects to retain 70% of them in other roles. The restructuring is part of a broader strategy to align with changing customer preferences and improve operational efficiency, with estimated pre-tax expenses ranging from $20 million to $23 million.

via Talk Business & Politics|
#arkansas#banking-restructuring#branch-closures
Apple’s New CEO John Ternus Unveiled with $58M Pay Package and Controversial Map Change
business1 month ago

Apple’s New CEO John Ternus Unveiled with $58M Pay Package and Controversial Map Change

John Ternus officially became Apple’s CEO on September 1, 2026, succeeding Tim Cook, who transitioned to executive chairman. An SEC filing revealed Ternus’s compensation package, totaling approximately $58 million annually, including a $3 million base salary and $55 million in equity awards. The equity structure includes a one-time $2.5 million prorated grant, with 25% vesting over time and 75% tied to Apple’s performance relative to the S&P 500. Cook’s new role carries a $2 million salary and $45 million in equity, half of which is performance-based. The leadership transition occurred as Apple navigates a mature smartphone market and rapid AI growth, with services like Apple TV and Music remaining core to its strategy. Eddy Cue was also given oversight of the Apple App Store. The Daily Beast reported that Ternus’s first act as CEO included renaming Lake Ontario to 'Lake America' in Apple Maps, a move interpreted as a political gesture toward President Donald Trump.

via The Hollywood Reporter|
#apple#apple-maps#business
Apple Sets $58M Pay for New CEO John Ternus as Tim Cook Becomes Executive Chairman
business1 month ago

Apple Sets $58M Pay for New CEO John Ternus as Tim Cook Becomes Executive Chairman

Apple disclosed a $58 million compensation package for new CEO John Ternus, who took over from Tim Cook on September 1. The package includes a $3 million annual salary and $55 million in equity grants for fiscal 2027. Tim Cook, now executive chairman, will receive a $2 million salary and a $45 million equity award. Ternus’s equity is split between performance-based and time-based vesting, while Cook’s role shifts to global policy engagement.

via Deadline|
#apple#business#executive-compensation
Boston Scientific battles a global cyber outage and ongoing investigation
businessfinancial-news1 month ago

Boston Scientific battles a global cyber outage and ongoing investigation

Boston Scientific disclosed a cybersecurity incident that triggered a global network outage, disrupting IT systems and potentially delaying orders and shipments. The company activated incident response, is investigating with third-party cybersecurity experts, and has not yet determined a material impact or restoration timeline. The outage affected its Irish plants and employees, with Irish operations mentioned in a notice; shares declined more than 3% in pre-market trading as the investigation continues.

via MassDevice|
#boston-scientific#businessfinancial-news#cybersecurity-incident
Trump Media Group posts $238M Q2 loss on asset write-downs
business2 months ago

Trump Media Group posts $238M Q2 loss on asset write-downs

Trump Media & Technology Group posted a $238 million net loss in Q2 2026 on revenue of $1.7 million, even as quarterly revenue rose 89% from a year earlier; losses were driven by $190.4 million of unrealised losses on digital assets and equity, plus accreted interest and stock-based compensation. For H1 2026, net losses totaled $644 million on $2.5 million in revenue. The company, which includes Truth Social and Truth+ and recently expanded into crypto, also market intelligence via Truth API, with about 10 paying clients at $60k-$100k per month, drawing conflicts of interest concerns as Truth Social lags peers in user numbers (July traffic down).

via Al Jazeera|
#business#sec-filing#tmtg
Dell Cuts Workforce 27% to 97,000 as Cost-Cutting Gathers Pace
business7 months ago

Dell Cuts Workforce 27% to 97,000 as Cost-Cutting Gathers Pace

Dell Technologies reduced its global workforce by 27% from 133,000 in FY2023 to 97,000 in FY2026, cutting about 11,000 jobs in FY2026 and reporting roughly $569 million in severance. The reductions are part of disciplined cost management and a broader business modernization effort as Dell pivots toward AI-driven efficiency, aided by market shifts such as VMware’s sale and EMC integration.

via crn.com|
#business#dell-technologies#fy2026
Zaslav Sells Over $114 Million Worth of WBD Stock as Paramount Deal Advances
business7 months ago

Zaslav Sells Over $114 Million Worth of WBD Stock as Paramount Deal Advances

Warner Bros. Discovery CEO David Zaslav filed to sell just over 4 million WBD shares, worth more than $114 million, as Paramount’s merger moves forward. The sale occurs amid a window that allows executives involved in deal talks to divest, and follows several other top WBD executives selling seven-figure amounts; the broader context includes WBD ending Netflix talks and agreeing to a Paramount sale.

via Deadline|
#business#david-zaslav#paramount-merger
GameStop to Close Hundreds of Stores, Western New York Included
business9 months ago

GameStop to Close Hundreds of Stores, Western New York Included

GameStop lists 471 stores as closed with no reopening date, including Western New York locations such as Buffalo University Plaza, Depew, Lockport, Rochester Eastridge, Victor Crossing and Webster; the company had told the SEC it would close a significant number of stores in fiscal 2025, following 590 closures in the prior year, with no official closure list released yet.

via WGRZ|
#business#gamestop#retail
GameStop to close 410 US stores in major cost-cutting push
gaming9 months ago

GameStop to close 410 US stores in major cost-cutting push

GameStop is shuttering about 410 US locations (with 11 more planned) as part of a broad cost-cutting plan, extending a trend of store reductions and international downsizing noted in its December 2025 SEC filing; the move comes as the retailer continues to redefine its strategy after a 2021 market surge and amid failed NFT/crypto pivots. The filing also mentions a potential payout of up to $35 billion in stock options to CEO Ryan Cohen if GameStop hits a $100 billion market cap.

via Engadget|
#cost-cutting#gamestop#gaming