TCP stock price once again meets NYSE minimum standard
Chuck Soder - The lighting products company saw its stock price drop after it announced an internal investigation in November. On March 1, however, that price jumped back above the $1 minimum set by...
View ArticleTCP CEO to resign as company pushes to finish investigation, remain on NYSE
Chuck Soder - K.R. 'Kaj' den Daas plans to return to Europe for personal reasons, according to a news release from the lighting products company. It stated that his resignation is unrelated to an...
View ArticleTCP International Holdings announces president Solomon Yan's retirement
Scott Suttell - This is the second change in top leadership for the Aurora company, which announced last month that its CEO will step down on Oct. 3 for personal reasons.
View ArticleTCP International says actions of chairman, vice chairman led to 'material...
Scott Suttell - The Aurora lighting products company announced the results of a previously disclosed Audit Committee investigation into 'certain payments' made by TCP's chairman, Ellis Yan, and into...
View ArticleTCP International amends employment deals with its interim CEO, CFO
Scott Suttell - The Aurora lighting products company in a filing with the U.S. Securities and Exchange Commission outlined employment terms with CEO Brian Catlett and chief financial officer Zachary Guzy.
View ArticleTCP International stock suspended from trading on New York Stock Exchange
Scott Suttell - The Aurora lighting products company said it cannot meet a Nov. 25 deadline for filing financial reports to meet NYSE listing standards. TCP's stock effective Tuesday, Nov. 22, will be...
View ArticleTCP names new chairman after Yan brothers resign
Chuck Soder - George Strickler will replace former chairman Ellis Yan, whose actions caused 'a material weakness' in the lighting company's financial reporting processes. TCP also hired its interim CEO...
View ArticleLighting company TCP International sues its former CEO
Scott Suttell - The Aurora firm claims Ellis Yan has violated his non-compete agreement with the launch of a company called Quality Light Source. It contends Yan and others at that company tried to...
View ArticleTCP International Holdings agrees to be bought by a group led by its former CEO
Scott Suttell - The deal would put Ellis Yan and his brother, Solomon Yan, back in charge of the Aurora-based maker of energy-efficient lighting products. The financially troubled TCP has a long and...
View ArticleTCP International Holdings plans to lay off 34 employees in Aurora
Scott Suttell - The maker of energy-efficient lighting products said in a filing with the state of Ohio that the layoffs, set for February, are the 'outcome of a pending merger and the need to...
View ArticleTCP International completes merger with company led by former CEO Ellis Yan
Scott Suttell - The Aurora-based maker of energy-efficient lighting products said it has closed its deal to combine with Quality Light Source GmbH, a company affiliated with Yan, TCP's former president...
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