CRWESelect’s Stock Alerts, TRN, WFC, TAXS.OB

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Levi & Korsinsky is investigating the Board of Directors of Quixote Corp. (“Quixote” or the “Company”) (NasdaqGM: QUIX) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Trinity Industries, Inc. (Trinity”) (NYSE: TRN). Under the terms of the deal, Quixote shareholders are to receive $6.38 in cash for each share of Quixote common stock they own for a total transaction value of approximately $61 million.
Wells Fargo & Company’s (NYSE: WFC) board of directors approved a grant of retention performance shares for President and CEO John G. Stumpf and three other executive officers. These retention performance shares, which are not a form of cash compensation or annual incentive bonus, are forfeited if the executive receiving the shares leaves the Company to work for a competitor. In addition, the retention performance shares provide an incentive for these executives to achieve continued extraordinary results for the Company. The shares will vest after three years of service only if the company meets specified performance goals, and are subsequently covered by Wells Fargo’s long-standing policy that a portion of all shares earned by executives as compensation must be held for as long as they remain employed by the company. For 2009, these executives will not receive annual cash incentive bonuses.
Recently, Tax Masters (TAXS.OB) implemented a proprietary system to increase productivity and improve customer service. The system, known as P3, cataloged and analyzed the TAXS‘ internal Processes, Procedures, and Policies (P3) in an effort to identify and target opportunities to increase efficiency. The P3 Report was finalized in April and consists of a comprehensive assessment including efficiency recommendations linked to objective standards and measurable criteria. After experimental implementation of the recommended changes in early Q2, TAXS has seen steady improvements in workflow, speed of service, and customer service management throughout Q2 and Q3.
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