7 Aug 2006director interest notice● Neutral
Walter Energy, Inc. Sr.VP,Secretary,Gen.Counsel Victor P Patrick received a stock option grant for 50,000 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
7 Aug 2006substantial holder notice● Neutral
Eminence Capital, LLC, Eminence GP, LLC, Ricky C. Sandler disclosed a new substantial Walter Energy, Inc. shareholding (5.00% of votes).
3 Aug 2006material agreement● Neutral
Mueller Water, the majority-owned subsidiary, signed a letter agreement for Thomas E. Fish to continue as President of its Anvil segment, with a $286,000 base salary, a $380,000 target bonus, a stock award valued at $230,000, and severance of 18 months' pay plus bonus multiples if he is terminated without cause. This is a subsidiary executive contract, not a change at Walter Industries itself.
23 June 2006substantial holder notice● Neutral
STEEL PARTNERS II, L.P., STEEL PARTNERS, L.L.C., WARREN G. LICHTENSTEIN disclosed a new substantial Walter Energy, Inc. shareholding (5.40% of votes).
12 June 2006director interest notice● Neutral
Walter Energy, Inc. Executive Vice Pres and CFO William F Ohrt exercised stock options for 24,960 shares and disposed of 49,920 shares.
7 June 2006director interest notice● Neutral
Walter Energy, Inc. director Bernard G Rethore exercised stock options for 4,000 shares and disposed of 8,000 shares.
5 June 2006director interest notice● Neutral
Walter Energy, Inc. Pres.,Jim Walter Homes, Inc. Charles E Cauthen exercised stock options for 5,327 shares and disposed of 10,654 shares.
5 June 2006director interest notice● Neutral
Walter Energy, Inc. Sr.VP,Secretary,Gen.Counsel Victor P Patrick exercised stock options for 9,852 shares and disposed of 4,926 shares.
5 June 2006director interest notice● Neutral
Walter Energy, Inc. director Jerry W Kolb exercised stock options for 1,334 shares and disposed of 2,668 shares.
31 May 2006material agreement● Neutral
An amendment cut the Mid-State Trust IX Variable Funding Loan Facility, a mortgage-financing line for the Mid-State Homes unit, from $200.0 million to $150.0 million. The filing says the trust requested the cut to reduce carrying costs of excess capacity; Walter Industries is not a party to the facility, which is renewable on January 30, 2007.
30 May 2006material agreement● NeutralMajor
Walter Industries signed three agreements with Mueller Water Products, which was a wholly-owned subsidiary before its IPO and will be majority-owned afterward: a corporate agreement (an option to buy more Mueller shares plus registration rights), a tax allocation agreement, and a transition services agreement under which Walter provides tax, accounting, HR and other services at cost. All are effective May 26, 2006, and set the terms between parent and the newly listed subsidiary.
25 May 2006director interest notice● Neutral
Walter Industries INC /new/ became a Walter Energy, Inc. 10%+ owner and company insider (initial ownership filing).
1 May 2006director interest notice● Neutral
Walter Energy, Inc. CEO, Homebuilding Group Mark J Obrien received a stock option grant for 4,000 shares.