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Stock Information
Board & Management

Since Craig Bouchard assumed the role of Chairman and CEO in June, 2013, Signature has made tremendous strides in preparing for acquisition-driven growth. Thus far the Company has achieved the following milestones:

  • Elected a dynamic board with extensive merger and acquisition experience via stockholder vote
  • Filed a shelf registration statement on Form S-3 to raise up to $300 million in capital, which became effective on September 26, 2013
  • Completed a one-for-ten reverse stock split of the our common stock, which we believe will make Signature more attractive to institutional stockholders and potential acquisition targets
  • Reincorporated into a Delaware holding company. The Company believes Delaware is the best state of incorporation for public companies and the reincorporation reduces the structural risk of the Company.
  • Outstanding legal claims and cases significantly reduced
  • Prevailed on numerous Legal cases
Expense and Cash Management
  • Reduced headcount and other corporate expenditures at the headquarters
  • Corporate and New York Offices locations relocatingin 2014
  • Redeemed our publicly traded bonds, which is projected to reduce interest expense by $3.4 million per year
  • Completed the sale of our remaining residential mortgage assets, more that $27 million in cash was generated from the 2013 sales
  • Largely exited the special situations operation in order to fully focus on an acquisition strategy
Industrial Supply
  • Opened four new locations for our Industrial Supply subsidiary
  • Refinanced the intercompany debt of the Industrial Supply subsidiary generating approximately $11 million in cash on hand for Signature

SEC Links

Link to Form S-3

Link to Form S-4