Armstrong Flooring announced that the Company and certain of its subsidiaries have filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. In a continuation of its ongoing sale process, the Company intends to continue pursuing an efficient and value-maximizing.
Less than a year after announcing plans to sell its Los Angeles-area plant for nearly $77 million, Armstrong Flooring is exploring selling the company.
Third Quarter 2021 Highlights Net sales of $168.5 millionNet loss of $29.7 millionAdjusted EBITDA loss of $17.9 million LANCASTER, Pa., Nov. 04, 2021 .
Some local CEOs are lucky that their companyâs board of directors grades on a curve.Â
So when these companies financial results got skewered by the pandemic, their CEOs got rewarded with at least some incentive pay for a job well done anyway.
The boards chose to recognize the CEOs for successfully navigating through the unprecedented challenges, not punish them for missing fiscal goals that turned out to be unattainable when the economy abruptly tumbled into a recession.
Hereâs a look at how the CEOs of five large, publicly held companies based in the area fared last year, compared to 2019, as disclosed in the proxy each company recently sent to its shareholders ahead of the companyâs annual meeting.Â