National Holdings Corporation (NASDAQ:NHLD) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.
On May 16, 2017, the Company issued a press release announcing
its financial results for its fiscal quarter ended March 31,
2017. A copy of the press release is furnished as Exhibit 99.1 to
this report and is incorporated herein by reference.
Item 5.02. Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
On May 16, 2017, the Board of Directors (the Board) of National
Holdings Corporation (the Company) appointed Michael E. Singer to
the Board. Mr. Singer will serve as a Class I director until his
term expires at the 2017 annual meeting of stockholders, at which
time he will stand for election by the Companys stockholders. Mr.
Singer was not named to a sub-committee of the Board.
Mr. Singer most recently served as CEO and President of Ramius, a
$13 billion (peak) alternative investment advisory platform. As
CEO of Ramius,Mr. Singer directed strategy andexecution of the
firms business plan. Ramius partners with emerging alternative
investment teams to provide seed and working capital,
institutional infrastructure and sales, marketing and business
guidance. During his tenure, he created a salesforce which raised
more than $5 billion for the firmsinvestment teams and onboarded
five hedge fund teams to the platform, including Margate Capital.
Mr. Singer was Co-President of Ivy Asset Management, a Fund of
Hedge Funds business with over $15 billion in assets. At Ivy, Mr.
Singer established the firms strategic plan and ran the
day-to-day activities. He began his career at Weiss, Peck Greer,
a $17 billion asset management firm, where he spent nine years
and served as Senior Managing Director and Executive Committee
Member. He oversaw day-to-day operations, new product
development, client relationship management, hedge fund sales and
risk functions. Mr. Singer received a Bachelor of Science degree
in accounting with honors from Penn State University and a Juris
Doctorate from the Emory University School of Law. He is a
frequent contributor to Bloomberg TV Market Makers and author of
alternative industry white papers.
There is no arrangement or understanding between Mr. Singer and
any other person to which he was selected as a director of the
Company. As of the date of this report, neitherMr. Singer, nor
any of his immediate family members, is a party to any
transaction required to be disclosed to Item 404(a) of Regulation
S-K.
Item 9.01.Financial Statements and
Exhibits.
(d)Exhibits.
The following exhibits are filed as part of this report:
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Exhibit Number |
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Description |
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99.1 |
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Press Release of National Holdings Corporation, dated May |
About National Holdings Corporation (NASDAQ:NHLD)
National Holdings Corporation (National) is a holding company. The Company’s segments include brokerage and advisory services, tax and accounting services, and corporate. Its brokerage and advisory services segment includes broker-dealer and investment advisory services, sale of insurance products and licensed mortgage brokerage services provided by the Broker-Dealer Subsidiaries, National Asset Management, Inc., National Insurance Corporation, Prime Financial Services and GC Capital Corporation. Its tax and accounting services segment includes tax preparation and accounting services provided by Gilman Ciocia, Inc. The Company, through its subsidiaries, provides various financial services. Through National’s broker-dealer and investment advisory subsidiaries, it offers retail brokerage to individual and institutional clients; provide investment banking, merger and acquisition and advisory services to micro, small and mid-cap companies and is engaged in trading securities. National Holdings Corporation (NASDAQ:NHLD) Recent Trading Information
National Holdings Corporation (NASDAQ:NHLD) closed its last trading session up +0.04 at 2.70 with 8,366 shares trading hands.