Jasper-based Kimball International has announced changes in its change-in-control agreement that are designed to modernize things while aligning the interests of management and shareholders.
The agreement involves several company officers. These include CEO and board chairman Bob Schneider, President and chief operating officer Don Van Winkle, and Vice president and chief financial officer Michelle Schroeder among several others.
Now there are 3 significant modifications to the new agreement. These are tighter requirements for payouts to the executive officer through limiting future incentive pay, limiting payout amounts when a change-in-control takes place and a reduction in severance pay for the CEO to align those figures with what other corporate figures at Kimball would get.
Company officials say this move is part of a series of key events that has been taking place since last fall. Other events that have already happened are the spin-off of Kimball Electronics into its own company back in October, the concurrent retirement of former CEO/President Jim Thyen and equalizing the rights of the 2 classes of Kimball stock shares.
Other modifications have included establishing a Lead Independent Director role on the Board of Directors and new restrictions on hedging/pledging of Company shares held by board members and executives. The company says these changes were adopted by the Board of Directors back in February.
New branding is now in place for Crisis Connection.
Crisis Connection Executive Director Beth Stein says the new branding came about after strategic planning which found that the image needed overhauling. She says the dove and olive branch logo is more representative of what the agency does.
Now Crisis Connection has grown exponentially over the last thirty years with a staff of eight now providing crisis intervention to over 700 domestic abuse/sexual assault clients and educational services to more than 24,000 people in an eight-county region each year. The primary service area for Crisis Connection includes Crawford, Daviess, Dubois, Martin, Orange, Perry, Pike and Spencer counties. The main office is located in Jasper with satellite offices in Tell City and Rockport.
Crisis Connection also has announced a new website, which is www.crisisconnectioninc.org. The organization can also be found on Facebook, Twitter, Pinterest and LinkedIn.
You can call 812.482.1555 with any further questions.
If you’re looking for a 4th of July fireworks show, look no further than Holiday World and Splashin’ Safari.
The park has announced that it will be hosting fireworks shows this Friday, Saturday and Sunday in honor of Independence Day. All 3 shows will be 15 minutes long and will begin after the park closes, which is 9 o’clock central time both Friday and Sunday and 10 o’clock central time on Saturday.
Fireworks will be launched from the northeast side of the park. Guests at Holiday World should be able to see the display throughout the park, though they are encouraged to go to the Thanksgiving section of Holiday World or the Kyana Falls section of Splashin’ Safari for the best view. The park will also be providing free souvenir 3D Fireworks glasses all 3 nights.
On an additional note, Holiday World officials say the park will also debut its new 4th of July buffet this weekend. The all-you-can-eat picnic will be located in the park’s 4th of July section.
After this weekend’s fireworks, Holiday World will continue its scheduled Friday Night Fireworks celebrations on Fridays through the month of July.
Saturday was a busy day for Martin County authorities.
First just after 10:15 Saturday morning, Martin County deputies noticed a Buick LeSabre going northbound along Main Street in Shoals with the driver (Danny Krodel of Shoals) driving on a suspended license. After stopping the vehicle, K9 dog Virka went around the car and indicated that there were narcotics inside. A search of the vehicle confirmed Virka’s suspicions.
Deputies then searched Krodel’s residence and found methamphetamine and other items associated with meth. Krodel was taken into custody and booked into the Martin County Jail. Krodel is facing Level 6
felonies for possession of methamphetamine and maintaining a common nuisance. He’s also charged with Class A misdemeanors for possession of paraphernalia and driving while suspended along with a Class B
misdemeanor for possession of marijuana.
A passenger in the vehicle (Tanner Diamond of Shoals) was also arrested and charged with a Class B misdemeanor for Visiting a Common Nuisance.
Then at around 3:30 Saturday afternoon, sheriff’s deputies were told that 31-year-old Michael Montgomery of Williams was staying in Padanaram Village near Shoals and he was wanted on a warrant out of Lawrence County on a Class B felony for Dealing Methamphetamine.
Deputies then went to the residence and took Montgomery into custody without incident. Montgomery was then extradited back to Lawrence County.
BLOOMFIELD, Ind. (AP) – Investigators haven’t yet determined what caused a fire that destroyed a southwestern Indiana meat processing plant.
Officials say about seven firefighters from around Greene County worked for several hours into early Friday after the blaze broke out at the Bloomfield Processing Co.
Switz City Fire Chief Bryan Woodall tells the Greene County Daily World (http://bit.ly/1GHzDBQ ) that no one was hurt in the fire but that the building about 25 miles southwest of Bloomington was a total loss.
Woodall says arson isn’t suspected, although an investigation by the state fire marshal’s office hasn’t been completed.
Though much has been made of drug abuse locally in light of recent drug busts, state lawmakers are also joining in on the fight.
New research shows that opiods are now being abused at a growing rate. According to the Centers for Disease Control and Prevention, the national rate for drug overdoses has more than tripled since 1990.
The growth is also being found here in Indiana. A 2012 report shows that of the overdose deaths in the Hoosier State, nearly 21 percent of them are due to opiod drugs.
Now lawmakers have made it easier for people to get access to overdose intervention drugs such as Narcan. That drug can reverse opiod-related overdoses and is safe, effective and non-addicting.
Senate Enrolled Act 406 makes Narcan prescriptions available to anyone who is at-risk of an opiod overdose. It also requires doctors who prescribe Narcan to educate and train patients on drug overdose response and treatment along with providing information on drug addiction treatment and referrals to local treatment programs.
Local lawmakers, including District 48 state senator Mark Messmer are touting the new efforts. Messmer says the new legislation also reduces the fear of legal action should something go wrong:
As always, you can contact Messmer’s office directly with your questions and concerns.
The news is all good news for Jasper Engines and Transmissions, especially when it comes to employee stocks.
According to a blog post on the company’s website, Jasper Engines has seen a staggering 72% growth in the price of its shares over the last year. For 2014, a share of JASPER stock for employees is now worth $141.45. For 2013, that came in at $82.46.
Now JASPER Engines and Transmissions introduced its Employee Stock Ownership Plan (ESOP) back in 2009. In that first year, stocks traded at $2.30 a share. Prior to this announcement, the record for growth occurred between 2012 and 2013. As mentioned, 2013 stock shares were at $82.46 each whereas 2012 shares were at $53.33.
The announcement on the shares was made during an employee meeting held last Thursday at the company’s Power Drive facility.