Examples of Steel Partners in a sentence
We are focused on reducing corporate overhead of our companies by centralizing certain administrative and corporate services through Steel Partners Corporate Services that provides management, consulting and advisory services.
It was also decided to more involve the technical committees in the international representation of ISTA.The second and third ECOM meetings took place in conjunction with Annual Meeting in Edinburgh, one before and the other after the Annual meeting.
Fabricate cladding true, plumb and square, with no oil‑canning or deformity that detracts from aesthetic appearance, matching quality and installation of accepted mock‑up specified above.
Selectica Investigates its NOLs In 2006, at the urging of Steel Partners, the Company directed Alan Chinn, its outside tax adviser, to perform a high-level analysis into whether the Company’s NOLs were subject to any limitations under Section 382 of the Internal Revenue Code.
Moreover, according to Trilogy, Sems should not be considered independent “with respect to the NOLs” because of an alleged undue influence of Howard and Steel Partners over Sems.116An “outside” director has been defined by our courts as “a non-employee and non-management director”117 that “receiv[es] no income other than usual directors’ fees.
According to Trilogy, because Steel Partners was seeking to turn the Company into an NOL shell for its own purposes, Sems cannot be considered independent with respect to decisions involving the Company’s NOLs. Nevertheless, the record does not support Trilogy’s assertions that Sems was controlled by Howard or Steel Partners.
Jack Howard, President of Steel Partners, lobbied for a Board seat twice in 2008, citing his experience dealing with NOLs, but was rebuffed.18E.
One of the apparent investment strategies of Steel Partners is to invest in small companies with large NOLs with the intent to help pair the failing company with a profitable business in order to reap the tax benefits of the NOLs.16 Steel Partners has actively worked with Selectica to calculate and monitor the Company’s NOLs since the time of its original investment.
Chinn concluded that five prior changes in ownership had caused the forfeiture of approximately $24.6 million of NOLs.19 Selectica provided the results of this study to Steel Partners, though not to any other Selectica shareholder.
Brogan’s draft letter opinion, concluding that the Company had not undergone an “ownership change” for Section 382 purposes since 1999, was shared with Steel Partners, although again not with any other outside investors.