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275:, became Swisher's Interim President and CEO in February 2013 in an attempt to turn the company around. Wayne Huizenga, who worked with Byrne at Blockbuster, became chairman of the board. The company's stock by mid-year was trading below a dollar a share and the company lost $ 3/share in 2013, losses which continued into 2014.
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As a publicly traded company, Swisher could pay in stock or partially in stock for acquisitions of other companies. It went on an acquisition spree in 2011, purchasing 54 different businesses nominally valued at $ 220 million. The acquisitions increased gross revenue but did not bring the company to
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Swisher had purchased Fort
Lauderdale-based Choice Environmental Services in February 2011 for $ 50 million in stock and an assumption of $ 41.5 million in debt. Glenn Miller and Neal Rodrigue, the former owners of Choice Environmental Services, had become the fourth-largest shareholders in Swisher
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The company had to re-state its 2011 financial information due to accounting irregularities, increasing that year's losses by $ 4.8 million before taxes. It incurred repeated quarterly losses through much of 2012, a year for which it missed
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under a merger agreement but were restricted from selling any of their shares, causing them substantial losses when the stock plummeted. They later sued.
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On
November 15, 2012, Swisher sold Choice Environmental Services to Waste Services of Florida for $ 125,000,000 in cash, using the money to repay debt.
241:. Swisher, through the reverse takeover, acquired the strength of CoolBrands' balance sheet and CoolBrands' status as a publicly traded enterprise.
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Huizenga and
Berrard paid Patrick $ 8.1 million for more than 900,000 shares to obtain a majority stake in the company. They operated Swisher as a
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Swisher was founded by
Patrick Swisher to provide cleaning products and services for restaurants and other businesses. In November 2004,
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for $ 40.2 million and the company no longer has operating assets or revenue producing operations in the US.
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replaced every ten existing shares in
Swisher with one new share, as the company had to be brought out of
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company, two-thirds of its revenue are now generated by selling cleaning and sanitizing chemicals.
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The company's losses extended into 2012 and 2013. Thomas Byrne, previously president of
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https://www.sec.gov/Archives/edgar/data/1504747/000135448815004895/swsh_10q.htm
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listing. As of July 2014, the stock was trading slightly above $ 4/share.
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CoolBrands was once a major frozen food and dessert manufacturer based in
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315:"SWISHER HYGIENE INC (SWSH:NASDAQ CM): Stock Quote & Company Profile"
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deadlines for both quarterly and annual financial reports. At one point,
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until
November 2, 2010, when Swisher became publicly traded through a
669:"Swisher Announces Effectiveness of Reverse Stock Split (TSE:SWI.TC)"
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622:"Huizenga sued by former owners of business acquired by Swisher"
476:"Lawsuit against Huizenga, Swisher could move to North Carolina"
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and Steve
Berrard bought the firm for a reported $ 14 million.
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had threatened to de-list the stock due to reporting delays.
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On Nov 2, 2015, the company's US operations were sold to
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Companies formerly listed on the
Toronto Stock Exchange
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Cleaning and sanitizing chemicals, janitorial services
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563:"Nasdaq warns Swisher its stock could be delisted"
651:"Swisher Hygiene Inc - Company Profile and News"
286:territory and back above $ 1/share to retain a
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398:"Swisher reports loss on increased revenue"
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505:"Swisher Hygiene delays quarterly report"
592:"Swisher Hygiene posts 2nd-quarter loss"
350:"Swisher Hygiene hopes for a turnaround"
317:. Businessweek Investing. Archived from
723:Companies formerly listed on the Nasdaq
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620:Marcia Heroux Pounds (2013-06-18).
474:Marcia Heroux Pounds (2013-09-23).
444:Marcia Heroux Pounds (2012-11-17).
25:
446:"Fort Lauderdale waste firm sold"
671:(Press release). Swisher Hygiene
534:"Swisher Hygiene gets extension"
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179:which until 2015 traded on the
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598:. 2013-08-12. Archived from
569:. 2012-11-17. Archived from
540:. 2013-03-11. Archived from
511:. 2012-05-16. Archived from
404:. 2011-11-14. Archived from
374:"Swisher's blockbuster deal"
348:Portillo, Ely (2013-08-24).
94:William T. Nanovsky, CFO/VP
27:American sanitation company
739:
431:Saturday, 12 October 2019
378:Charlotte Business Journal
136:-$ 153 million/year (loss)
427:"Diversified Maintenance"
124:-$ 52 million/year (loss)
96:Blake W. Thompson, COO/VP
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216:CoolBrands International
197:Fort Lauderdale, Florida
48:Private formerly Public
255:Toronto Stock Exchange
239:Toronto Stock Exchange
486:on September 29, 2013
456:on September 17, 2013
271:and vice-chairman of
91:(President & CEO)
573:on February 24, 2013
169:Swisher Hygiene Inc.
112:$ 217.7 million/year
31:Swisher Hygiene Inc.
18:Swisher Hygiene Inc.
280:reverse stock split
278:On June 4, 2014, a
142:Number of employees
88:Richard L Marshall
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657:on August 5, 2014.
602:on August 11, 2014
515:on August 10, 2014
354:Charlotte Observer
185:janitorial service
321:on August 5, 2014
273:Blockbuster Video
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16:(Redirected from
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212:reverse takeover
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245:profitability.
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673:. Retrieved
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626:Sun Sentinel
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596:Sun Sentinel
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68:Headquarters
45:Company type
284:penny stock
63:: SWSH
712:Categories
675:2014-07-28
636:2014-07-28
606:2014-07-28
577:2014-07-28
548:2014-07-28
519:2014-07-28
490:2014-07-28
460:2014-07-28
412:2014-07-28
383:2014-07-28
359:2014-07-28
325:2014-07-28
301:References
231:Eskimo Pie
173:sanitation
131:Net income
83:Key people
229:yoghurt,
55:Traded as
235:Chipwich
101:Products
227:Breyers
191:History
151:Website
109:Revenue
295:EcoLab
288:NASDAQ
269:Viacom
259:NASDAQ
181:NASDAQ
61:Nasdaq
218:Inc.
171:is a
233:and
160:.com
146:1375
214:of
156:www
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
