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Posts Tagged ‘Executive Vice President’

Patrick Industries Veep Purchases Company Stock

November 18th, 2015 Comments off

patrick_industries__elkharttruth__Emily_Pfund__credditAccording to financialmagazin, Executive Vice President and Chief Financial Officer of Patrick Industries, Inc. (NASDAQ:PATK) Andy Nemeth purchased 8,000 shares of company stock at $38.20 per share for a net value of $305,797. Nemeth now owns 76,999 shares which comprise 0.50 percent of the outstanding shares of the company.

Meanwhile Jeffrey L. Gendell holds 2.57 million shares, 16.5 percent of outstanding shares. MHProNews has followed Gendell’s unloading of stock since Nov. 14, and according to our tally, as reported Oct. 12, 2015, he has sold about 180,000 shares for a net of $7.84 million. CEO Todd M. Cleveland sold 34,906 shares worth $1.55 million, while Tontine Capital Partners L P sold 60,000 shares with a net value of $2.67 million.

Neumeier Poma Investment Counsel LLC owns 312,371 shares, while RK Capital Management LLC has 2.36% invested in the company for 342,562 shares.

Patrick Industries manufactures and supplies building products and materials to the manufactured housing and recreational vehicle industries. ##

(Photo credit: elkharttruth–Patrick headquarters in Elkhart, Indiana)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Deer Valley – Manufactured and Modular Homebuilder – CEO Retires

January 7th, 2015 Comments off

deer-valley-homebuilders-corp=credit-manufactured-home-posted-daily-business-news-mhpronews-Deer Valley Corporation (DVLY) Guin, Alabama, on January 6 announced on the retirement of Charles G. Masters, the Company’s Chief Executive Officer and President, effective December 31, 2014.

Yahoo! Finance tells MHProNews the Company does not presently intend to hire a replacement for Masters.

In January 2006, he led an investment group that acquired Deer Valley Homebuilders, Inc., from its founders and then was merged with a public entity. The consolidated company was subsequently renamed Deer Valley Corporation.

In response to the negative effect of the credit crisis in 2009, Masters led the company to establish Deer Valley Financial Corp. to provide financing for the company’s retailers.

Later, this service was expanded to include bridge financing for certain retail manufactured housing buyers.

Masters led his company through some unsettling times, but always believed in its success. “The factory built housing industry has been a major factor in providing affordable housing to average Americans with modest incomes or special housing needs,” he said. “In the last several years, the industry has been severely challenged by our nation’s credit crisis and high unemployment. Nevertheless, this is an industry filled with success stories of individuals or groups of individuals who have pooled resources and with honest effort, intense dedication and personal integrity built great companies. The men and women who have built Deer Valley are outstanding examples of such individuals. It has been my privilege to work alongside them for the past nine years as we have endeavored to build a company that would make a positive impact in an industry where the products truly are ‘Made in America.”

Google Finance lists the following as other key officers of Deer Valley:

John Steven Lawler – CFO, Executive Vice President, Director; Chief Financial Officer, Secretary and Treasurer of Deer Valley Homebuilders, Inc..

Joel Stephen Logan II – Chief Operating Officer, Director; President and Director of Deer Valley Homebuilders, Inc, Director.

Charles (“Chet”) L. Murphree Jr. – Vice President, General Manager of Deer Valley Homebuilders Inc; Director. ##

(Photo Credit: Deer Valley Corp.)

sandra-lane-daily-business-news-mhpronews-com-75x75-Article submitted by Sandra Lane to Industry in Focus, MHProNews. 

HR 1779 in need of Extensive Support

November 14th, 2013 Comments off

Joe Kelly, executive vice president of the Iowa Manufactured Housing Association (IMHA), noting the importance to the manufactured housing industry of HR 1779, exhorts members to contact their representative in Congress to support the bill. He tells MHProNews Iowa only has four representatives in the House, and of those, Representatives Loebsack and Latham are co-sponsors. He asks members who live or work in the districts of Representatives Braley and King to ask for their support of Preserving Access to Manufactured Housing Act of 2013, to ensure Iowans may continue to purchase manufactured homes at current or higher levels. He says so far, only 103 members out of 435 representatives in Congress are co-sponsors. He suggests IMHA members send a note of thanks to Reps. Latham and Loebsack.

(Image credit: Wikipedia)

PA Retailer expanding, with another planned expansion to follow

October 25th, 2011 Comments off

Wyoming Homes Dale Valenti credit CitizensVoiceCitizensVoice reports that Dave Valenti, owner of Wyoming Homes, says sales are up in Plains Township, so he is expanding and adding 10 new employees, including truck drivers, sales people and laborers. Valenti also plans to open another sales location and a warehouse center on outside Pottsville in early 2012 that will add another 15 jobs. “We had seven stores at one time. We’re down to one,” Valenti said. “Although we have downsized, there are less dealers now than there were two years ago. Most of our competitors are gone. We are doing better by default.” Mary Gaiski, executive vice president of the Pennsylvania Manufactured Housing Association, could not provide a number of how many manufactured homes retailers in the area have closed, but she said, “We haven’t lost as many as other states.” Valenti, 58, of Moosic, has been in the manufactured home business since he was 18 and ran Wyoming Homes since he was 21. Venenti’s son, Marco, 18, now works with him. Among the locations previously closed, Valenti operated a manufactured home community and sales center in Exeter that is now the planned location for a Wal-Mart Supercenter.

(Photo Credit: CitizenVoice)

UFPI consolidating from 3 divisions to two

September 13th, 2011 Comments off

UFPI logoMarketwatch reports that Universal Forest Products Inc. (UFPI) will consolidate three divisions into two as part of an effort to streamline operations. The maker and seller of lumber and other building products said its Atlantic division will be absorbed into the company’s Eastern division. Atlantic Division President Robert Lees will be heading up the combined division. The Western division will remain unchanged. Current Eastern Division President C. Scott Greene has been named executive vice president of new business development, a role focused on international sales and product development. “Among the critical drivers for our growth and success is expanding our market and product mix. These are essential areas for Universal moving forward,” said Chief Executive Matthew J. Missad. The changes are effective Oct. 1. Universal Forest has improved its balance sheet over the past few years by reducing its headcount, closing underperforming branches and repaying long-term debt. Still, the company has struggled lately, and the stock is down 31% so far this year. The firm provides products to conventional and factory built housing companies. UFPI is a firm tracked by MHProNews.com in our manufactured housing Daily Business News Market Report.

(Graphic credit: UFPI logo)

UMH presenting to Philadelphia Securities Association

September 6th, 2011 Comments off

UMH_Properties_LogoPRNewswire reports that UMH Properties will be presenting to the Philadelphia Securities Association on Wednesday, October 12, 2011.  The presentation will be at at the Union League of Philadelphia, PA. Eugene W. Landy, Chairman of the Board, and Michael P. Landy, Executive Vice President, will present an overview of the company followed by a question and answer session. It is a luncheon meeting that planned to start at 11:45 AM.  UMH Properties, Inc. is a publicly owned real estate investment trust owns and operates thirty-eight land-lease manufactured home communities located in New Jersey, New York, Pennsylvania, Ohio and Tennessee. In addition, the Company owns a portfolio of REIT securities.  UMH is a firm tracked by our manufactured housing Daily Business News stock market report.

(Graphic credit: UMH Logo)

PMHA board makes their decision about HOMExpo for 2012

August 26th, 2011 Comments off

HomeExpo 2011 logoPMHA reports that based on the decision of their board, they will suspend HOMExpo 2012. HOMExpo 2011 had good reported trade days attendance and a more modest result on public days. Pennsylvania Manufactured Housing Association (PMHA) Executive Vice President, Mary Gaiski, said: “We appreciate all of you who supported HOMExpo 2011 in York, PA.  And though it resulted in a negative number on the association’s balance sheet, those who volunteered time and energy to the set up and teardown of the show … those who displayed … and, those who attended did so with enthusiasm and faith that the economy was improving!  However, the economy continues to struggle and the housing industry remains in survival mode.  The association understands and respects that fact.  Therefore, due to the lack of sustainable improvement in the housing market the PMHA Board of Directors voted to suspend the 2012 Pennsylvania show.  We continue to be faithful that the economy will improve bringing with it a rebound in the housing industry.  At that time, PMHA will be positioned to respond. Meanwhile PMHA will continue to meet the needs of its members by being the legislative, regulatory and educational voice of the factory built housing industry.”

(Image credit: PMHA’s HomeExpo logo)