• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Barnes Announces Update to Board of Directors

    3/5/24 4:15:00 PM ET
    $B
    $LMT
    $SPR
    Precious Metals
    Basic Materials
    Military/Government/Technical
    Industrials
    Get the next $B alert in real time by email

    Announces Planned Retirements of Chairman Thomas O. Barnes and Lead Independent Director Mylle H. Mangum, and appointment of Richard Hipple as Chair Elect

    Appoints Irenic Capital Management Co-Founder Adam Katz to the Board

    Enters into Cooperation Agreement with Irenic Capital Management

    Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the planned retirements of Chairman Thomas O. Barnes and Lead Independent Director Mylle H. Mangum, consistent with the Company's corporate governance retirement policy, effective at the Company's Annual Meeting of Stockholders in May 2024. Mr. Barnes will become Chairman Emeritus and continue to lead the Barnes Foundation following his retirement from the Board. The company also announced that the Board of Directors has selected Richard J. Hipple as Chair Elect, reflecting its intention to appoint Mr. Hipple Chair of the Board of Directors effective immediately after the 2024 Annual Meeting of Stockholders, subject to his re-election by the stockholders.

    In addition, the Company announced that it entered into a cooperation agreement with Irenic Capital Management (together with its affiliates, "Irenic"), pursuant to which the Board of Directors appointed Adam Katz, co-founder and Chief Investment Officer of Irenic Capital Management, to serve on its Board of Directors, effective immediately, and is engaging Larry Lawson, former CEO of Spirit AeroSystems Holdings, Inc., to serve as a Special Advisor to the Board of Directors and Barnes's senior management team. Barnes will also work with Irenic to identify an additional mutually agreed upon independent director to appoint to the Board of Directors.

    Thomas O. Barnes, Chairman of the Board, said, "It has been an honor to serve the company my family founded in 1857. Since our launch as a public company in 1946, we have endeavored to be an industry leader in the markets we serve and deliver value to all our stakeholders – our customers, our employees, our partners, and our shareholders – as well as support the communities in which we operate. Over my 45 years in leadership roles, I have had the humble opportunity to work with thousands of talented, capable, and dedicated people, especially those in our facilities around the world. Words cannot describe my appreciation. Looking forward, I am excited about the future of Barnes as we continue to execute our transformation strategy."

    Barnes continued, "I want to recognize Mylle, a long-time director and my esteemed colleague, for her tireless dedication and meaningful contributions to Barnes over her 21-year tenure. Her energy, passion for our people, and impact has been profound. On behalf of the Board and the entire Barnes team, I want to thank Mylle for her service and wish her all the best going forward."

    Barnes added, "I am delighted that the Board has selected Dick as my successor as Chair of our Board of Directors. Dick brings a wealth of management and board experience to our Board and has been an insightful and collegial presence in our boardroom. The Board will benefit from his leadership as the company continues to drive value for its stockholders."

    Thomas J. Hook, President and Chief Executive Officer commented, "On behalf of our entire organization, I want to publicly recognize and thank Tom for his decades of steadfast leadership, championing of our people, and meaningful community impact. It has been an honor to serve with Tom, and we salute and celebrate his immeasurable service to Barnes. We look forward to his continued contributions as Chairman Emeritus."

    Hook continued, "We also look forward to working with Adam and Larry, particularly as we drive our strategic processes to scale Aerospace, and integrate, consolidate, and rationalize Industrial. We expect that Adam will reinforce an investor's perspective in our board deliberations, while Larry will provide valuable industry perspective as we expand our Aerospace business. We appreciate their enthusiasm for the Company and welcome their expertise and active participation in supporting shareholder value creation."

    Adam Katz, Irenic co-founder, said, "We appreciate the Board's collaborative approach in reaching this outcome. Irenic invested in Barnes because we believe there is a significant opportunity to unlock shareholder value as the Company becomes more focused on Aerospace. I look forward to diving in immediately and getting to work alongside our fellow directors. Additionally, Larry's track record of driving operational improvements and strong performance to enhance value is unparalleled in the Aerospace industry, and we are grateful to him for his willingness to serve as a Special Advisor to the Company."

    The Company has entered into a cooperation agreement with Irenic which contains customary standstill, voting, confidentiality, and other provisions. The cooperation agreement with Irenic will be filed in a Current Report on Form 8-K with the Securities and Exchange Commission.

    Wachtell, Lipton, Rosen & Katz is serving as legal advisor and BofA Securities is serving as financial advisor to Barnes. Joele Frank, Wilkinson Brimmer Katcher and Corbin Advisors are serving as investor relations advisors to Barnes.

    Olshan Frome Wolosky LLP is serving as legal counsel to Irenic and LDG Advisory and Longacre Square Partners are advising Irenic.

    Biographies

    Adam J. Katz, age 38, currently serves as the Managing Member of Irenic Capital Management GP LLC, the general partner of Irenic Capital Management LP, an investment management firm. Mr. Katz has served as the Chief Investment Officer since he co-founded the firm in October 2021. Previously, Mr. Katz served as Associate Portfolio Manager for Elliott Management L.P., from December 2013 to September 2021. Since August 2023, he has served on the Board of Directors of Arconic Corporation, a manufacturer of lightweight metals with a focus on high-performance aluminum products that are used in aerospace, automotive, defense, and construction applications. Mr. Katz received an M.B.A. from Harvard Business School, where he was a Baker Scholar, a J.D. from Harvard Law School, and an A.B., magna cum laude with High Honors in Field, from Harvard University.

    Larry A. Lawson, age 65, served as President, Chief Executive Officer and a member of the Board of Directors of Spirit AeroSystems Holdings, Inc. ("Spirit AeroSystems") (NYSE:SPR), a manufacturer of aerostructures for commercial airplanes, defense platforms, and business/regional jets, from April 2013 until August 2016. Prior to joining Spirit AeroSystems, Mr. Lawson held various management positions at Lockheed Martin Corporation ("Lockheed Martin") (NYSE:LMT), a global security and aerospace company. After retiring from Spirit AeroSystems, he served as Operating Partner of Advent International, a private equity firm, from March 2019 until March 2022. Since July 2022, Mr. Lawson has provided consulting services to Irenic Capital Management LP, an investment management firm. Mr. Lawson is an M.I.T Fellow, a Harvard Advanced Management Program graduate, and he has patents in advanced signal processing. Mr. Lawson holds a Master of Science in Electrical Engineering from the University of Missouri and a Bachelor of Science in Electrical Engineering from Lawrence Technological University.

    About Barnes 

    Barnes Group Inc. (NYSE:B) leverages world-class manufacturing capabilities and market-leading engineering to develop advanced processes, automation solutions, and applied technologies for industries ranging from aerospace and medical & personal care to mobility and packaging. With a celebrated legacy of pioneering excellence, Barnes delivers exceptional value to customers through advanced manufacturing capabilities and cutting-edge industrial technologies. Barnes Aerospace specializes in the production and servicing of intricate fabricated and precision-machined components for both commercial and military turbine engines, nacelles, and airframes. Barnes Industrial excels in advancing the processing, control, and sustainability of engineered plastics and delivering innovative, custom-tailored solutions for industrial automation and metal forming applications. Established in 1857 and headquartered in Bristol, Connecticut, USA, the Company has manufacturing and support operations around the globe. For more information, please visit www.onebarnes.com.

    About Irenic Capital Management 

    Irenic Capital Management LP is an investment management firm founded by Adam Katz and Andy Dodge. Based in New York City, Irenic works collaboratively with publicly traded companies to ensure operating activities, capital deployment and management incentives are all aligned to create value for the company and its owners. For more information about Irenic, please visit www.irenicmgmt.com.

    Forward-Looking Statements 

    This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements often address our expected future operating and financial performance and financial condition, and often contain words such as "anticipate," "believe," "expect," "plan," "estimate," "project," "continue," "will," "should," "may," and similar terms. These forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties that may cause actual results to differ materially from those expressed in the forward-looking statements. The risks and uncertainties are addressed in Barnes Group Inc.'s filings with the U.S. Securities and Exchange Commission, including its most recent reports on Form 10-K, 10-Q, and 8-K. The Company assumes no obligation to update our forward-looking statements.

    Category: General

    View source version on businesswire.com: https://www.businesswire.com/news/home/20240305418739/en/

    Get the next $B alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $B
    $LMT
    $SPR

    CompanyDatePrice TargetRatingAnalyst
    Lockheed Martin Corporation
    $LMT
    4/23/2025$540.00Neutral → Outperform
    Robert W. Baird
    Lockheed Martin Corporation
    $LMT
    4/16/2025$575.00Equal-Weight → Overweight
    Morgan Stanley
    Lockheed Martin Corporation
    $LMT
    3/27/2025$550.00 → $480.00Outperform → Sector Perform
    RBC Capital Mkts
    Lockheed Martin Corporation
    $LMT
    3/24/2025$685.00 → $485.00Buy → Neutral
    BofA Securities
    Lockheed Martin Corporation
    $LMT
    3/24/2025Buy → Hold
    Melius
    Lockheed Martin Corporation
    $LMT
    1/14/2025$579.00Buy
    Truist
    Lockheed Martin Corporation
    $LMT
    1/2/2025$611.00 → $523.00Buy → Hold
    Deutsche Bank
    Lockheed Martin Corporation
    $LMT
    9/3/2024$704.00Hold → Buy
    Melius
    More analyst ratings

    $B
    $LMT
    $SPR
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Five Years On, Barrick's Twiga Partnership Delivers Growth and Shared Value for Tanzania

      All amounts expressed in US dollars BULYANHULU, Tanzania, July 07, 2025 (GLOBE NEWSWIRE) -- Five years after its formation, the Twiga partnership between Barrick Mining Corporation (NYSE:B)(TSX:ABX) and the government of Tanzania continues to redefine the role of mining in national development, delivering shared value, operational excellence and long-term investment in the country's future. Speaking at a media briefing here today, Barrick president and chief executive Mark Bristow said the partnership had created a sustainable model for mineral development in Tanzania. "When we established Twiga, it was about more than just resolving legacy issues. It was about building a new futu

      7/7/25 8:30:25 AM ET
      $B
      Precious Metals
      Basic Materials
    • JLens and ADL Condemn UN Report Targeting Companies for Israel Ties

      TOV ETF Currently Holds All 13 of the U.S. Public Companies Named in Report and Reaffirms Support for Israel-Aligned Investments JLens, a Registered Investment Advisor and sponsor of the JLens 500 Jewish Advocacy U.S. ETF (NYSE:TOV, the "TOV ETF")), along with the Anti-Defamation League (ADL), the world's leading anti-hate organization, strongly condemn the report issued by UN Special Rapporteur Francesca Albanese during the 59th session of the UN Human Rights Council. Titled "From economy of occupation to economy of genocide," the report urges companies to sever ties with Israel, halt operations, and pay reparations. This press release features multimedia. View the full release here: ht

      7/3/25 11:45:00 AM ET
      $ABNB
      $AMZN
      $BKNG
      $BLK
      Diversified Commercial Services
      Finance
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Lockheed Martin Announces Second Quarter 2025 Earnings Results Webcast

      BETHESDA, Md., July 1, 2025 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) will webcast live its second quarter 2025 earnings results conference call (listen-only mode) on Tuesday, July 22, 2025, at 11 a.m. ET. James Taiclet, chairman, president and CEO; Evan Scott, chief financial officer; and Maria Ricciardone, vice president, Treasurer and Investor Relations, will discuss second quarter 2025 results, provide updates on key topics and answer questions. Second quarter 2025 results will be published prior to the market opening on July 22. The live webcast will be available at www.

      7/1/25 4:30:00 PM ET
      $LMT
      Military/Government/Technical
      Industrials

    $B
    $LMT
    $SPR
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Lockheed Martin upgraded by Robert W. Baird with a new price target

      Robert W. Baird upgraded Lockheed Martin from Neutral to Outperform and set a new price target of $540.00

      4/23/25 8:12:04 AM ET
      $LMT
      Military/Government/Technical
      Industrials
    • Lockheed Martin upgraded by Morgan Stanley with a new price target

      Morgan Stanley upgraded Lockheed Martin from Equal-Weight to Overweight and set a new price target of $575.00

      4/16/25 9:02:12 AM ET
      $LMT
      Military/Government/Technical
      Industrials
    • Lockheed Martin downgraded by RBC Capital Mkts with a new price target

      RBC Capital Mkts downgraded Lockheed Martin from Outperform to Sector Perform and set a new price target of $480.00 from $550.00 previously

      3/27/25 8:08:44 AM ET
      $LMT
      Military/Government/Technical
      Industrials

    $B
    $LMT
    $SPR
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SEC Form 4 filed by Director Donovan John

      4 - LOCKHEED MARTIN CORP (0000936468) (Issuer)

      7/2/25 6:58:04 PM ET
      $LMT
      Military/Government/Technical
      Industrials
    • SEC Form 4 filed by Director Burritt David B

      4 - LOCKHEED MARTIN CORP (0000936468) (Issuer)

      7/2/25 6:58:02 PM ET
      $LMT
      Military/Government/Technical
      Industrials
    • SEC Form 4 filed by Director Fitzgerald William Augustus Iii

      4 - Spirit AeroSystems Holdings, Inc. (0001364885) (Issuer)

      5/30/25 5:17:48 PM ET
      $SPR
      Military/Government/Technical
      Industrials

    $B
    $LMT
    $SPR
    SEC Filings

    See more
    • Spirit Aerosystems Holdings Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

      8-K - Spirit AeroSystems Holdings, Inc. (0001364885) (Filer)

      7/1/25 4:06:40 PM ET
      $SPR
      Military/Government/Technical
      Industrials
    • SEC Form 11-K filed by Lockheed Martin Corporation

      11-K - LOCKHEED MARTIN CORP (0000936468) (Filer)

      6/24/25 4:14:58 PM ET
      $LMT
      Military/Government/Technical
      Industrials
    • SEC Form 11-K filed by Lockheed Martin Corporation

      11-K - LOCKHEED MARTIN CORP (0000936468) (Filer)

      6/24/25 4:14:03 PM ET
      $LMT
      Military/Government/Technical
      Industrials

    $B
    $LMT
    $SPR
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Mangum Mylle H bought $1,912 worth of shares (67 units at $28.65), increasing direct ownership by 0.25% to 26,367 units (SEC Form 4)

      4 - BARNES GROUP INC (0000009984) (Issuer)

      12/12/23 3:48:02 PM ET
      $B
      Precious Metals
      Basic Materials
    • Manner Hans-Peter bought $1,138,815 worth of shares (50,000 units at $22.78), increasing direct ownership by 311% to 66,079 units (SEC Form 4)

      4 - BARNES GROUP INC (0000009984) (Issuer)

      11/9/23 3:12:45 PM ET
      $B
      Precious Metals
      Basic Materials
    • Acker Marian bought $45,023 worth of shares (2,000 units at $22.51), increasing direct ownership by 7% to 32,599 units (SEC Form 4)

      4 - BARNES GROUP INC (0000009984) (Issuer)

      11/7/23 4:37:48 PM ET
      $B
      Precious Metals
      Basic Materials

    $B
    $LMT
    $SPR
    Financials

    Live finance-specific insights

    See more
    • Lockheed Martin Announces Second Quarter 2025 Earnings Results Webcast

      BETHESDA, Md., July 1, 2025 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) will webcast live its second quarter 2025 earnings results conference call (listen-only mode) on Tuesday, July 22, 2025, at 11 a.m. ET. James Taiclet, chairman, president and CEO; Evan Scott, chief financial officer; and Maria Ricciardone, vice president, Treasurer and Investor Relations, will discuss second quarter 2025 results, provide updates on key topics and answer questions. Second quarter 2025 results will be published prior to the market opening on July 22. The live webcast will be available at www.

      7/1/25 4:30:00 PM ET
      $LMT
      Military/Government/Technical
      Industrials
    • Lockheed Martin Declares Third Quarter 2025 Dividend

      BETHESDA, Md., June 25, 2025 /PRNewswire/ -- The Lockheed Martin Corporation (NYSE:LMT) board of directors has authorized a third quarter 2025 dividend of $3.30 per share. The dividend is payable on Sept. 26, 2025, to holders of record as of the close of business on Sept. 2, 2025. About Lockheed MartinLockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of re

      6/25/25 7:43:00 PM ET
      $LMT
      Military/Government/Technical
      Industrials
    • Next Gold Powerhouse Emerges as Prices Break Records

      NetworkNewsWire Editorial Coverage NEW YORK, June 4, 2025 /PRNewswire/ -- As gold surges to record highs above $3,000+ per ounce in May 2025 — outpacing the S&P 500, NASDAQ and even bitcoin—Wall Street's focus is shifting. With U.S. debt-to-GDP now exceeding 120% and real interest rates still historically negative, gold has reaffirmed its role as the market's most reliable hedge. But for institutional investors, bullion and ETFs aren't enough anymore. What they want now is leverage, scalability and cash flow. That's why the spotlight is turning toward a new class of near-term gold producers: companies with clean balance sheets, high internal rates of return (IRR) and operational models desig

      6/4/25 8:30:00 AM ET
      $AEM
      $B
      $BHP
      $WPM
      Precious Metals
      Basic Materials
      Coal Mining
      Energy

    $B
    $LMT
    $SPR
    Leadership Updates

    Live Leadership Updates

    See more
    • ISS and Glass Lewis Join ADL and JLens in Recommending AGAINST Anti-Israel Shareholder Proposals at Intel, General Dynamics and Lockheed Martin

      Reiterates Call for Shareholders to Reject Proposals Motivated by Antisemitic Boycott, Divestment and Sanctions (BDS) Movement ADL (Anti-Defamation League) and its affiliate, Jlens, welcome the decisions of the two leading independent proxy advisory firms, Institutional Shareholder Services ("ISS") and Glass, Lewis & Co. ("Glass Lewis"), to recommend that investors vote AGAINST anti-Israel shareholder proposals at the upcoming annual meetings of Intel Corporation (NASDAQ:INTC), General Dynamics (NYSE:GD) and Lockheed Martin Corporation (NYSE:LMT). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250505942003/en/ ADL and its Regist

      5/5/25 8:00:00 AM ET
      $GD
      $INTC
      $LMT
      Marine Transportation
      Industrials
      Semiconductors
      Technology
    • Guidewire Software Set to Join S&P MidCap 400; Arrowhead Pharmaceuticals to Join S&P SmallCap 600

      NEW YORK, Jan. 22, 2025 /PRNewswire/ -- Guidewire Software Inc. (NYSE:GWRE) will replace Arrowhead Pharmaceuticals Inc. (NASD: ARWR) in the S&P MidCap 400, and Arrowhead Pharmaceuticals will replace Barnes Group Inc. (NYSE:B) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, January 27. S&P 500 constituent Apollo Global Management Inc. (NYSE:APO) is acquiring Barnes Group in a deal expected to be completed soon pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name       Action Company Name Ticker GICS Sector January 27, 2025 S&P MidCap 400 Addition Guidewi

      1/22/25 5:54:00 PM ET
      $APO
      $ARWR
      $B
      $GWRE
      Investment Managers
      Finance
      Biotechnology: Pharmaceutical Preparations
      Health Care
    • Lockheed Martin Names New General Counsel

      BETHESDA, Md., Dec. 3, 2024 /PRNewswire/ -- The Board of Directors at Lockheed Martin (NYSE:LMT) named Kevin O'Connor as the corporation's new senior vice president, general counsel and corporate secretary. Effective Jan. 13, O'Connor will succeed Maryanne Lavan, who plans to retire. O'Connor most recently served as senior vice president and chief legal officer for Carrier. "Kevin is a proven leader who brings insight, expertise, and a shared commitment to our 21st Century Security® vision. I look forward to working with him as we continue to prioritize strong governance and d

      12/3/24 4:15:00 PM ET
      $LMT
      Military/Government/Technical
      Industrials

    $B
    $LMT
    $SPR
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Spirit Aerosystems Holdings Inc.

      SC 13G/A - Spirit AeroSystems Holdings, Inc. (0001364885) (Subject)

      11/14/24 5:12:55 PM ET
      $SPR
      Military/Government/Technical
      Industrials
    • SEC Form SC 13G filed by Spirit Aerosystems Holdings Inc.

      SC 13G - Spirit AeroSystems Holdings, Inc. (0001364885) (Subject)

      11/14/24 4:05:10 PM ET
      $SPR
      Military/Government/Technical
      Industrials
    • Amendment: SEC Form SC 13G/A filed by Spirit Aerosystems Holdings Inc.

      SC 13G/A - Spirit AeroSystems Holdings, Inc. (0001364885) (Subject)

      11/14/24 1:22:34 PM ET
      $SPR
      Military/Government/Technical
      Industrials