On Wednesday, Shares of Primoris Services Corp (NASDAQ:PRIM), added 1.22% and closed at $24.00 in the last trading session. The last trading range of the stock ranges between $23.34 and $24.02. Primoris Services Corporation (PRIM) (“Primoris” or “Company”) recently declared that its Board of Directors has designated John P. Schauerman as a Class C director, effective November 15, 2016. Mr. Schauerman’s designated term will expire at the 2017 Annual Meeting. With the addition of Mr. Schauerman, the Board will consist of eight members of whom five meet the Nasdaq guidelines as independent directors. The Board has not yet designated Mr. Schauerman to any specific committees.
Mr. Schauerman was a board member and executive officer of Primoris from July 2008, when Primoris became a publicly listed company through a merger with Rhapsody Acquisition Corp., to May 2013. His executive positions included Executive Vice President of Corporate Development from February 2009 to May 2013, when he was responsible for developing and integrating Primoris’ overall planned plan, counting the evaluation and structuring of new business opportunities and acquisitions and Chief Financial Officer from February 2008 to February 2009. He also served as a director of ARB, Inc. (“ARB”) a predecessor entity from 1993, when he joined ARB as a Senior Vice President, to July 2008. Before 1993, he served as a Senior Vice President of Wedbush Morgan Securities, Inc., a regional investment bank focused on financing activities for middle market companies (now Wedbush Securities, Inc.). Mr. Schauerman presently serves on the boards of directors of MYR Group, since March 2016; Harmony Merger Corp. since March 2015; and Wedbush Securities, Inc. since August 2014. Mr. Schauerman is also a member of the Dean’s Executive Board of the UCLA School of Engineering. Mr. Schauerman holds an M.B.A. in Finance from Columbia University, New York, and a B.S. in Electrical Engineering from UCLA.
Square Inc (NYSE:SQ), jumped 0.08% and closed at $12.04 in the last trading session. The last trading range of the stock ranges between $11.76 and $12.05. The company’s Market capitalization is $4.13 Billion with the total Outstanding Shares of 166.30 million. Square (SQ) CEO Jack Dorsey has reached a stock trading plan to sell shares of Square over the course of the next twelve months, in accordance with guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934. The prearranged plan was finalized in August, and total shares available for sale are capped at about 7% of Mr. Dorsey’s overall holdings. The proceeds from these sales are for Mr. Dorsey’s financial and tax planning purposes and to facilitate him to assist further fund the Start Small Foundation. The transactions will be revealed periodically through Form 4 and Form 144 filings with the Securities and Exchange Commission.