Scottsdale's Caliber Cos. files paperwork in view of future Nasdaq listing - Phoenix Business Journal

The company said that after completion of its IPO, CEO John C."Chris" Loeffler II and President and COO Jennifer Schrader will still have majority voting power because they own all of the outstanding share’s of the company’s class B common stock. The two co-founded the company., Caliber reported revenue of nearly $43 million for the first half of 2022, up 85.5% from the same period a year earlier. Total net income attributable to Caliber Cos. Inc. for the period was $89,000, down 106.

Loeffler’s total compensation package in 2021 was listed as $297,714, and Shrader’s was $297,498. Both had base salaries of $255,693. Under a new compensation agreement adopted this month, Loeffler’s base salary rose to $490,000 with a total compensation potential of $1.920 million after bonuses and other incentives. Schrader’s base salary rose to $450,000, with a total compensation potential of $1.575 million.

Other officers, Chief Financial Officer Jade Leung and Chief Development Officer Roy Bade, now each have a total compensation potential of $1.1 million, with base salaries of $375,000 and $350,000, respectively.

“We often tell the marketplace that we don’t have a five-year plan—we have a 100-year plan,” Loeffler wrote in the letter. “Over the last 14 years, we have built our business property by property and investor by investor, resulting in a team and business system poised for growth.”Caliber first made its intention to go public known back

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Changing the landscape: Semiconductor industry boosts industrial growth in Deer Valley, Phoenix region - Phoenix Business JournalAs TSMC makes progress on its new semiconductor plant in north Phoenix, more companies, including suppliers, have been clustering nearby and taking down industrial space in Deer Valley. This Business Journal special report examines the current and future industrial development plans by major developers and other players in the region.
Source: phxbizjournal - 🏆 254. / 63 Read more »

Phoenix sees highest industrial rent increases in US across non-port markets - Phoenix Business JournalThe Phoenix metro has seen one of the nation's biggest jumps in industrial rents in the past 12 months among markets without ports. The Valley also tops the ranking in the amount of industrial space under construction.
Source: phxbizjournal - 🏆 254. / 63 Read more »

Phoenix-based Schuff Steel Company faces lawsuit over workplace harassment allegations - Phoenix Business JournalThe lawsuit alleges regular use of racial slurs by a plant manger to some Black and Hispanic employees.
Source: phxbizjournal - 🏆 254. / 63 Read more »

New Canadian airline, Lynx Air, starts U.S. service with flight to Phoenix - Phoenix Business JournalStarting Feb. 7, 2023 and going three times a week, Lynx Air will fly between Phoenix and one popular Canadian city. Lynx will be directly competing with Air Canada and WestJet on the route.
Source: phxbizjournal - 🏆 254. / 63 Read more »

Largest Phoenix-Area Employment Law Practices - Phoenix Business JournalSurveyed list with the following information points: Number of local labor & employment attorneys, number of labor & employment attorneys firmwide, total number of local attorneys, total number of attorneys firmwide, and Phoenix office managing partner
Source: phxbizjournal - 🏆 254. / 63 Read more »