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264:, 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.
230:. 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
304:"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
658:"Swisher Announces Effectiveness of Reverse Stock Split (TSE:SWI.TC)"
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611:"Huizenga sued by former owners of business acquired by Swisher"
465:"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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552:"Nasdaq warns Swisher its stock could be delisted"
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640:"Swisher Hygiene Inc - Company Profile and News"
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275:territory and back above $ 1/share to retain a
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387:"Swisher reports loss on increased revenue"
494:"Swisher Hygiene delays quarterly report"
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581:"Swisher Hygiene posts 2nd-quarter loss"
339:"Swisher Hygiene hopes for a turnaround"
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306:. Businessweek Investing. Archived from
712:Companies formerly listed on the Nasdaq
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609:Marcia Heroux Pounds (2013-06-18).
463:Marcia Heroux Pounds (2013-09-23).
433:Marcia Heroux Pounds (2012-11-17).
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435:"Fort Lauderdale waste firm sold"
660:(Press release). Swisher Hygiene
523:"Swisher Hygiene gets extension"
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168:which until 2015 traded on the
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587:. 2013-08-12. Archived from
558:. 2012-11-17. Archived from
529:. 2013-03-11. Archived from
500:. 2012-05-16. Archived from
393:. 2011-11-14. Archived from
363:"Swisher's blockbuster deal"
337:Portillo, Ely (2013-08-24).
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83:William T. Nanovsky, CFO/VP
16:American sanitation company
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420:Saturday, 12 October 2019
367:Charlotte Business Journal
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125:-$ 153 million/year (loss)
416:"Diversified Maintenance"
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113:-$ 52 million/year (loss)
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85:Blake W. Thompson, COO/VP
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205:CoolBrands International
186:Fort Lauderdale, Florida
37:Private formerly Public
244:Toronto Stock Exchange
228:Toronto Stock Exchange
475:on September 29, 2013
445:on September 17, 2013
260:and vice-chairman of
80:(President & CEO)
562:on February 24, 2013
158:Swisher Hygiene Inc.
101:$ 217.7 million/year
20:Swisher Hygiene Inc.
269:reverse stock split
267:On June 4, 2014, a
131:Number of employees
77:Richard L Marshall
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646:on August 5, 2014.
591:on August 11, 2014
504:on August 10, 2014
343:Charlotte Observer
174:janitorial service
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310:on August 5, 2014
262:Blockbuster Video
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201:reverse takeover
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234:profitability.
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172:. Originally a
164:company in the
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65:United States
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662:. Retrieved
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644:the original
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623:. Retrieved
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615:Sun Sentinel
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585:Sun Sentinel
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57:Headquarters
34:Company type
273:penny stock
52:: SWSH
701:Categories
664:2014-07-28
625:2014-07-28
595:2014-07-28
566:2014-07-28
537:2014-07-28
508:2014-07-28
479:2014-07-28
449:2014-07-28
401:2014-07-28
372:2014-07-28
348:2014-07-28
314:2014-07-28
290:References
220:Eskimo Pie
162:sanitation
120:Net income
72:Key people
218:yoghurt,
44:Traded as
224:Chipwich
90:Products
216:Breyers
180:History
140:Website
98:Revenue
284:EcoLab
277:NASDAQ
258:Viacom
248:NASDAQ
170:NASDAQ
50:Nasdaq
207:Inc.
160:is a
222:and
149:.com
135:1375
203:of
145:www
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61:]
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
