The automaker just filed documents with the Securities and Exchange Commission disclosing a slew of stock grants to 10 of the 16 members of the board of directors. The stock, part of their annual fees, was issued to the directors on Thursday; at that day’s closing price of $13.09, the 141,040 shares had a total value of $1.8 million. For most of the directors, the shares were worth about $150,000. Here’s the line-up; links go to the SEC filings.
A news summary, focused on big employers; updated 5:57.m.
FORD: Why Ford will beat Tesla, even as electric cars gain a toehold (Barron’s).
YUM: The company’s stock has overthrown McDonald’s as the hottest fast-food stock around. Year to date, shares have surged 9% vs. 4% for McDonald’s and a skinny 0.2% for the S&P 500 index. (The Street). Also, former Chairman David Novak says workers are “starved for recognition” from their supervisors (Business First).
PIZZA HUT today introduced 8-inch Hershey’s Toasted S’mores Cookies for a limited time at $6.99 (press release).
AMAZON has started hiring up to 500 employees for a new distribution center in Florence Township outside Trenton, N.J. “They want to be up and running in time for the Christmas holiday,” Township Administrator Richard Brook said last week (Burlington County Times).
GANNETT: Tribune Publishing’s shares dove 15% today on fears that Courier-Journal owner Gannett may rescind its $15-a-share takeover offer; Gannett’s stock fell 2.4% (Talking New Media). The chances Tribune would pursue a “Pac-Man” defense takeover of Gannett had already eased when Tribune decided to share confidential information that could pave the way for Gannett’s $864 million purchase of Tribune (Reuters).
KFC: A 29-year-old man was arrested last night in Columbus, Ga., after he allegedly approached the KFC drive-thru on Manchester Expressway completely nude (Ledger-Enquirer).
BROWN-FORMAN said today it will release fourth-quarter financial results on June 8, followed by a conference call with Wall Street analysts (press release). Meanwhile, Boulevard is sad we missed the chance on Saturday to celebrate World Whisky Day, where everyone was invited to “try a dram and celebrate the water of life” (Hot Rum Cow).
TEXAS ROADHOUSE opens one of its newest restaurants today, a $1.3 million outlet in the college town of Ithaca, N.Y. (Ithaca Voice).
CHURCHILL DOWNS: Thoroughbred racing’s now increasingly international, as NBC Sports made clear during Saturday’s Preakness Stakes, when the network teased its coverage of the Royal Ascot meeting in Britain starting next year (Chicago Now). Ascot got a big publicity boost in 1964’s “My Fair Lady.” The women’s dress code for the royal enclosure is super-strict, including this admonition: “strapless, off the shoulder, halter and spaghetti straps are not permitted” (Ascot).
Photo, top: Pizza Hut.
News about business and culture in Louisville, Ky.
The automaker just filed documents with the Securities and Exchange Commission disclosing a slew of stock grants to 10 of the 16 members of the board of directors. The stock, part of their annual fees, was issued to the directors on Thursday; at that day’s closing price of $13.09, the 141,040 shares had a total value of $1.8 million. For most of the directors, the shares were worth about $150,000. Here’s the line-up; links go to the SEC filings.
Boulevard 