|
TAXS.OB NYSE:MWW NYSE:JTX DrStockPic Reports On Personal Services Companies.
**************************************************************
TaxMasters, Inc. (TAXS.OB) filed a Current Report on Form 8-K to announce that Patrick Cox, its founder, CEO and majority shareholder, voluntarily entered into a Financial Reorganization Agreement in which Mr. Cox deposited 200 million shares of his TaxMasters common stock with TaxMasters' transfer agent, Olde Monmouth Stock Transfer Co., Inc. These shares will be held in escrow by Olde Monmouth for a five year period ending June 30, 2015. During that time, Mr. Cox has waived his right to vote the escrowed shares and he has also waived his right to receive any dividends or other distributions by TaxMasters with respect to the escrowed shares. As a result of Mr. Cox's voluntary escrow of shares, there are now 139,676,105 shares of common stock that can be voted or can receive dividends or other distributions. The 139,676,105 shares will also be the number of shares used to calculate earnings per share for TaxMasters financial statements.
After each fiscal year during the five years that Mr. Cox's shares are being held in escrow, Mr. Cox may claw back a portion of the escrowed shares based on a formula linked to the financial performance of TaxMasters. Any shares Mr. Cox does not claw back prior to June 30, 2015 will be turned over to the Company for cancellation.
As a result of the Financial Reorganization Agreement, shareholders will have an increased voting power in their stock. For example, a shareholder owning 1,000,000 shares of TaxMasters common stock will have an increase of the voting power of such stock from 0.3% of the voting power to 0.7% of the voting power.
"I'm excited to be in a position to offer existing and potential shareholders greater stake in TaxMasters," said Mr. Cox. "After looking at our market cap and our earnings per share, I wanted to be able to offer TaxMasters investors a bit more. Voluntarily placing some of my shares in this type of escrow achieves that."
Monster Worldwide, Inc. (NYSE: MWW) subsidiary Monster.com, the leading job matching engine, welcomes Kathy Paladino, who will lead its North American Sales team. Kathy will leverage her extensive enterprise business experience in the technology sector to drive sales of Monster's new products and services.
Kathy is joining Monster at a time of great opportunity for the company. Monster has spent the last few years developing technologies, including its 6SenseTM semantic search technology, which are opening a new set of possibilities for its customers. ?The fact that Monster has such a broad and diverse portfolio of recruiting solutions only reinforces the great opportunity we have here. I believe we're uniquely positioned to gain additional market share and win new customers,? said Kathy.
Monster Worldwide, Inc., parent company of Monster, the premier global online employment solution for more than a decade, strives to inspire people to improve their lives. With a local presence in key markets in North America, Europe, and Asia, Monster works for everyone by connecting employers with quality job seekers at all levels and by providing personalized career advice to consumers globally. Through online media sites and services, Monster delivers vast, highly targeted audiences to advertisers. Monster Worldwide is a member of the S&P 500 index.
Jackson Hewitt Tax Service (NYSE:JTX) Chief Tax Officer, Mark Steber, in celebration of the Company's first-ever "Big Tax Check-Up Day," shares the top five items to consider now as part of a mid-year tax review:
Review withholdings: Your withholding amount is used to offset or "pay" your taxes when you file your tax return; having too little withheld can result in a low refund or a balance due.
Evaluate what you are saving ? and how: Look for ways to participate in tax-free savings opportunities which decrease your taxable income, either through your company's 401(k) program or by investing in an IRA.
Be on guard for expiring provisions: Unless extended, there are a number of provisions that will not be available on a 2010 tax return
Know which life changes equal tax changes: A wide range of common life occurrences can trigger tax benefits.
Plan Tax-Related Expenses Now: Many tax savings correspond to purchases made during the year.
Jackson Hewitt Tax Service Inc. is an industry leader providing full service individual federal and state income tax return preparation.
**************************************************************
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer ) . Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) has previously received twenty four thousand dollars from Tax Masters Inc.(TAXS.OB) for 30 days of advertisement services. Crown Equity Holdings, Inc. (CRWE.OB) has received four thousand dollars from a third party (Marshall Curtis) for 30 days of advertisement for services for Tax Masters Inc.(TAXS.OB) which has expired. Crown Equity Holdings, Inc. has received an additional four thousand dollars from the same third party (Marshall Curtis) for an additional 30 days of advertisement services.
As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments.
[ Back To Smart Grid Home's Homepage ]
|