Welcome to our dedicated page for Rocky Mountain Chocolate Factory news (Ticker: RMCF), a resource for investors and traders seeking the latest updates and insights on Rocky Mountain Chocolate Factory stock.
Rocky Mountain Chocolate Factory, Inc. (Nasdaq: RMCF) is frequently in the news as America’s Chocolatier™ and a franchiser of a premium chocolate and confectionary retail store concept. Company press releases highlight developments across its franchise network, financial performance, and ongoing transformation initiatives, giving investors and observers insight into how the business is evolving.
News coverage for RMCF often centers on quarterly financial results, where the company reports sales, franchise and royalty fees, costs and expenses, net loss, and non-GAAP measures such as EBITDA. These updates are typically accompanied by management commentary on its margin-focused strategy, operational changes, and progress in strengthening its store system.
Another major theme in RMCF news is franchise growth and store development. Recent releases describe area development agreements totaling 34 new stores, commitments from experienced multi-unit operators, and new locations in markets such as Folsom, California; Tinton Falls, New Jersey; Charleston, South Carolina; Chicago, Illinois; and other regions. The company also reports on acquisitions of select franchise locations into its company-owned portfolio, such as the Camarillo, California store.
RMCF news also includes brand and concept updates, including the rollout of a new store prototype that highlights handcrafted chocolate making, warm interior design, and in-store sampling, as well as rebranding efforts, updated packaging, and a redesigned e-commerce platform. In addition, the company issues announcements about conference calls, investor conferences, and recognition in franchise rankings such as Entrepreneur’s Franchise 500® and Franchise Times’ Franchise 400®.
For those tracking RMCF, this news stream provides context on its franchise system, operational initiatives, financing arrangements disclosed in Form 8-K filings, and its positioning as a premium chocolate and confectionery brand.
Rocky Mountain Chocolate Factory (RMCF) is urging stockholders to vote for its director nominees on the WHITE proxy card ahead of the Annual Meeting on October 6, 2021. The company emphasizes its transformation strategy focusing on growth and profitability, supported by a diverse and skilled board. Key developments include a brand refresh, expansion of e-commerce capabilities, and a significant new order from Immaculate Confection expected to enhance sales and profitability. RMCF remains financially robust with over $63 million returned to stockholders in dividends and stock buybacks.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) comments on support from ISS and Glass Lewis regarding its director nominees ahead of the Annual Meeting on October 6, 2021. ISS indicated that the dissident group failed to provide a detailed plan for control over the Board, while Glass Lewis deemed RMCF's decision to not re-nominate Andrew Berger as reasonable. RMCF emphasizes the qualifications of its nominees aiming to enhance operational strategy and stockholder value, urging stockholders to vote for its candidates on the WHITE proxy card.
AB Value Management and its affiliates, representing 14.59% of Rocky Mountain Chocolate Factory's shares, will host a Town Hall for shareholders on September 27 at 3:00 PM EDT. The forum aims to provide insights into their efforts to enhance shareholder value amidst concerns regarding the current Board’s management. Candidates for the Board, including Rhonda J. Parish and others, will be present to answer questions. They urge shareholders to participate and vote using the BLUE proxy card.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) announced its response to a lawsuit filed by AB Value Management, asserting the claims are baseless and misleading. RMCF emphasized that no stockholder is disenfranchised and has the right to vote for their preferred board nominees. The company remains committed to enhancing stockholder value and continues to engage with investors. RMCF encourages stockholders to vote for the WHITE proxy card in favor of its board nominees.
AB Value Management LLC and its affiliates, representing approximately 14.59% of the outstanding shares of Rocky Mountain Chocolate Factory (NASDAQ: RMCF), have filed a lawsuit in Delaware against the Company and certain Board members. The lawsuit seeks to invalidate the Board's decision to reduce the number of seats available for election at the upcoming 2021 Annual Meeting. This action has led to accusations of breaching fiduciary duties and attempts to block shareholder voting rights. Shareholders are urged to vote FOR the Concerned Shareholders on the BLUE proxy card to enhance value.
Three independent director candidates—Rhonda J. Parish, Mark Riegel, and Sandra Elizabeth Taylor—nominated by AB Value Management LLC, seek election to the Board of Rocky Mountain Chocolate Factory (RMCF) at the 2021 Annual Meeting. Representing about 14.59% of shares, they emphasize their experience in governance and industry knowledge. The candidates plan to address business challenges and propose improvements in corporate governance, highlighting issues with the current Board's decisions, including a controversial 'poison pill' provision. They are committed to enhancing shareholder value through collaboration and transparency.
Concerned Shareholders of Rocky Mountain, holding 14.59% of outstanding shares in Rocky Mountain Chocolate Factory (NASDAQ: RMCF), criticize the Board's decision to reduce its size from seven to six seats just weeks before the 2021 Annual Meeting. They argue this move reflects mismanagement and an attempt to entrench control. The shareholders are urging others to vote for their candidates using the BLUE proxy card to ensure better governance. They highlight ongoing poor governance practices, including a history of resistance to shareholder interests and lack of transparency.
Rocky Mountain Chocolate Factory (RMCF) filed an investor presentation with the SEC for its 2021 Annual Meeting of Stockholders on October 6, 2021. The presentation details a strong slate of director nominees with diverse expertise aimed at enhancing stockholder value. Significant corporate governance improvements have been made, including a majority refresh of the Board to ensure independence. RMCF emphasizes its strategy for long-term growth and urges stockholders to vote for its nominees using the WHITE proxy card.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) announced its Board of Directors is addressing misleading claims by AB Value Management regarding a proxy contest. The Board urges stockholders to vote for its nominees on the WHITE proxy card ahead of the Annual Meeting on October 6, 2021. The Board asserts that it has acted in good faith, engaged in substantial negotiations, and is committed to supporting the Company's growth strategy. RMCF highlights its strong free cash flow, improving sales, and healthy balance sheet while condemning AB Value's actions as unnecessarily costly and distracting for stockholders.
Concerned Shareholders of Rocky Mountain filed a proxy statement to elect five independent director candidates at the Company’s 2021 Annual Meeting. Representing about 14.63% of outstanding shares, they criticize the current Board for alleged misleading claims about governance and board refreshment. Key points include accusations of the Board's defensive strategies and lack of genuine engagement with shareholders. The Concerned Shareholders argue that their candidates bring necessary experience and accountability to improve value for shareholders. They urge fellow shareholders to vote the BLUE card for change.