LONDON & CHICAGO--(BUSINESS WIRE)-- InnerWorkings, Inc. (NASDAQ: INWK) (“InnerWorkings”) and HH Global Group Limited (“HH Global”) today announced the completion of HH Global’s acquisition of InnerWorkings. The combined organization will be led by Robert MacMillan, Chairman and Group CEO of HH Global, together with experienced senior managers from both companies. The transaction was announced on July 16, 2020 and received approval from InnerWorkings stockholders on September 24, 2020. Under the terms of the merger agreement, InnerWorkings stockholders will receive $3.00 in cash for each share...
CHICAGO--(BUSINESS WIRE)-- InnerWorkings, Inc. (NASDAQ: INWK) (“InnerWorkings” or the “Company”) today announced that, at a special meeting of stockholders held on September 24, 2020, InnerWorkings’ stockholders approved the adoption of the previously announced merger agreement relating to the proposed transaction between InnerWorkings and HH Global Group Limited (“HH Global”), whereby InnerWorkings will become a wholly owned subsidiary of HH Global. After certification by the Company’s inspector of elections, the final voting results for the Company’s special meeting will be filed with the U...
The independent financial analyst theScreener just awarded an improved star rating to INNERWORKINGS (US), active in the Business Support Services industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date August 11, 2020, th...
CHICAGO--(BUSINESS WIRE)-- (NASDAQ: INWK), the leading global marketing engineering firm, today announced financial results for the three and six months ended June 30, 2020. For all non-GAAP references below, please refer to the non-GAAP reconciliation tables at the end of this release for more information. “As we had anticipated, a reduction in global economic activity impacted marketing spend by our clients and therefore resulted in a significant decline in our second-quarter revenue. We took swift action to dramatically reduce our costs while still meeting the high standard by which we s...
LONDON & CHICAGO--(BUSINESS WIRE)-- InnerWorkings, Inc. (NASDAQ: INWK) (“InnerWorkings”) and HH Global Group Limited (“HH Global”) today announced that they have signed a definitive agreement to combine operations. Under the terms of the agreement, HH Global will acquire InnerWorkings for $3.00 per share in an all-cash transaction representing approximately $177 million in equity value. This represents a premium of 127% to the closing price, and a premium of 104% to the 90-day volume weighted average price as of July 15, 2020. The transaction has been unanimously approved by the Boards of Dire...
CHICAGO--(BUSINESS WIRE)-- (NASDAQ: INWK), the leading global marketing engineering firm, today announced financial results for the three months ended March 31, 2020. For all non-GAAP references below, please refer to the non-GAAP reconciliation tables at the end of this release for more information. “Our first quarter results demonstrate improved revenue quality and a leaner cost structure, giving us solid footing to navigate a challenging economic environment in the second quarter,” said Chief Executive Officer Rich Stoddart. “We have taken aggressive, swift action since April to right-si...
CHICAGO--(BUSINESS WIRE)-- (NASDAQ: INWK), the leading global marketing engineering firm, will announce its first quarter 2020 results after financial markets close on Tuesday, June 16, 2020. Rich Stoddart, Chief Executive Officer, and Don Pearson, Chief Financial Officer, will host a conference call to discuss the results the same day at 4:00 p.m. Central time (5:00 p.m. Eastern time). The phone number to access the conference call is (877) 771-7024. A live audio webcast of the call will be available through InnerWorkings' website at . A replay of the webcast will be available later that...
CHICAGO--(BUSINESS WIRE)-- (NASDAQ: INWK), the leading marketing engineering firm, today announced a change of the location of its 2020 Annual Meeting of Stockholders due to challenges related to the COVID-19 pandemic and potential public access restrictions in downtown Chicago as a result of recent protest activity. The 2020 Annual Meeting of Stockholders will be held at the Hyatt House, 1515 Chicago Ave, Evanston, Illinois, 60201. The Annual Meeting will take place on June 9, 2020, at 11:00 a.m. Central Time, as previously disclosed. Stockholders at the close of business on the record dat...
CHICAGO--(BUSINESS WIRE)-- (NASDAQ: INWK), the leading global marketing engineering firm, today announces preliminary select financial results for the first quarter of 2020. Preliminary First Quarter 2020 Results Gross revenue was $261.4 million in the first quarter, compared with $267.2 million in the first quarter of 2019. Gross profit was $63.4 million, or 24.3% of gross revenue, in the quarter, a 2% increase compared to $62.0 million, or 23.2% of gross revenue, in the first quarter of 2019. Selling, general and administrative expenses were $51.5 million in the quarter, a decrease...
A director at Innerworkings Inc bought 55,000 shares at 1.071USD and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clea...
CHICAGO--(BUSINESS WIRE)-- (NASDAQ: INWK), the leading global marketing execution firm, today announced financial results for the three and twelve months ended December 31, 2019. For all non-GAAP references below, please refer to the non-GAAP reconciliation tables at the end of this release for more information. “The tremendous progress we made in 2019 is a demonstration of our ability to successfully execute our plans to significantly improve the business,” said Chief Executive Officer Rich Stoddart. “We drove profitable growth, reduced our costs, and improved our operating discipline. I'm...
CHICAGO--(BUSINESS WIRE)-- (NASDAQ: INWK), the leading global marketing execution firm, will announce its fourth quarter and full-year 2019 results after financial markets close on Monday, March 16, 2020. Rich Stoddart, Chief Executive Officer, and Don Pearson, Chief Financial Officer, will host a conference call to discuss the results the same day at 4:00 p.m. Central time (5:00 p.m. Eastern time). The phone number to access the conference call is (877) 771-7024. A live audio webcast of the call will be available through InnerWorkings' website at . A replay of the webcast will be availab...
CHICAGO--(BUSINESS WIRE)-- (NASDAQ: INWK), the leading global marketing execution firm, today announced financial results for the three and nine months ended September 30, 2019. For all non-GAAP references below, please refer to the non-GAAP reconciliation tables at the end of this release for more information. “We are successfully executing our strategy to achieve profitable growth,” said Chief Executive Officer Rich Stoddart. “Our year-to-date operating expenses have declined despite growth in revenue and we have continued to sign more business with new and existing clients, reaching a ne...
CHICAGO--(BUSINESS WIRE)-- (NASDAQ: INWK), the leading global marketing execution firm, will announce its third quarter 2019 results after financial markets close on Thursday, November 7, 2019. Rich Stoddart, Chief Executive Officer, and Don Pearson, Chief Financial Officer, will host a conference call to discuss the results the same day at 4:00 p.m. Central time (5:00 p.m. Eastern time). The phone number to access the conference call is (877) 771-7024. A live audio webcast of the call will be available through InnerWorkings' website at . A replay of the webcast will be available later th...
CHICAGO--(BUSINESS WIRE)-- (NASDAQ: INWK), the leading global marketing execution firm, today announced its plans to convene the 2019 annual meeting of its stockholders on October 4, 2019, as originally scheduled, and to adjourn the meeting without a vote on any proposal. The Company plans to adjourn the annual meeting to allow additional time for stockholders to review the proxy materials and vote on all proposals. The Company plans to reconvene the annual meeting on November 1, 2019, at 11:00 a.m., local time, at the Company’s offices at 203 N. LaSalle Street, Chicago, IL 60601. At the re...
CHICAGO--(BUSINESS WIRE)-- (NASDAQ: INWK) (the “Company”), the leading global marketing execution firm, today announced that it has entered into a cooperation agreement with Engaged Capital, LLC (“Engaged Capital”). As part of the cooperation agreement, the Company has added two new independent directors, Kirt P. Karros and Marc Zenner, to the Board of Directors (the “Board”), effective immediately. “The InnerWorkings Board is committed to best-in-class governance and we are pleased to welcome Kirt and Marc to our Board,” said Jack Greenberg, Chairman of the Board. “We look forward to worki...
CHICAGO--(BUSINESS WIRE)-- (NASDAQ: INWK), the leading global marketing execution firm, today announced financial results for the three and six months ended June 30, 2019. For all non-GAAP references below, please refer to the non-GAAP reconciliation tables at the end of this release for more information. “We have taken bold steps to improve our profitability, including sustainable cost actions and optimizing our client relationships to ensure they meet our return thresholds. These actions have given us greater confidence in our profitability expectations for this year, enabling us to raise...
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