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Tuesday Morning (NASDAQ: TUEM), a prominent off-price retailer of home goods, announced a conference call to discuss its fourth quarter and fiscal 2021 financial results on September 9, 2021, at 8:00 am Central Time. Details of the financial results will be released before market opening. Investors can join the call by dialing 877-407-9716 or 201-493-6779 for international calls. The session will be available for replay on the company's website for 90 days. Tuesday Morning operates 490 stores across 40 states, specializing in name-brand home products.
Tuesday Morning (OTCQX: TUEM) announced its common stock will be relisted on the Nasdaq Capital Market, commencing May 25, 2021. The relisting is viewed as a milestone reflecting the company's recent financial achievements. CEO Fred Hand emphasized that this marks a pivotal moment in their journey as a leader in the off-price retail sector. The company operates 490 stores across 40 states, specializing in high-quality, name-brand home goods at competitive prices.
Tuesday Morning Corporation (OTCQX: TUEM) has appointed Marc Katz as Interim Chief Financial Officer, effective immediately, following Fred Hand's recent appointment as CEO. Katz brings extensive experience from Burlington Stores, where he was CFO. His role will oversee the finance organization, including accounting, treasury, and financial planning. In connection, Hand received stock awards, including restricted and performance-based units, contingent on stock performance. The company currently operates 490 stores across 40 states, maintaining a focus on providing name-brand home products at competitive prices.
Tuesday Morning (OTCQX: TUEM) announced the appointment of Fred Hand as the new Chief Executive Officer effective May 17, 2021. Hand brings extensive experience from Burlington Stores and other major retailers, indicating a potential for strong leadership in the off-price retail sector. The transition follows Steven Becker's departure, who will assist in a consultancy role until September 30, 2021. With 490 stores across 40 states, Tuesday Morning aims to leverage its solid market presence for future growth.
Tuesday Morning (OTCQX: TUEM) has successfully raised $40 million through a rights offering that closed on February 9, 2021. The funds will be used to satisfy claims of general unsecured creditors as part of the Company's Plan of Reorganization. Eligible shareholders purchased 18,023,226 shares for approximately $19.8 million, while the Backstop Party acquired 18,340,411 shares for around $20.2 million. The offering reflects confidence in Tuesday Morning's future, supported by key investors.