The Shareholders Foundation announced that an investigation on behalf of current long-term investors in shares of Park Electrochemical Corp. (NYSE:PKE) shares was launched over potential breaches of fiduciary duties by certain Park Electrochemical officers and directors.
Investors who purchased shares of Park Electrochemical Corp. (NYSE:PKE) and currently hold any of those NYSE:PKE shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Park Electrochemical officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Park Electrochemical Corp. reported that its Total Revenue declined from $176.42 million for the 52 weeks period that ended on March 3, 2013 to $162.09 million for the 52 weeks period that ended on March 1, 2015 and that its respective Net Income increased from $16.96 million to $20.04 million.
Shares of Park Electrochemical Corp. (NYSE:PKE) declined from as high as $31.51 per share in July 2014 to as low as $20.30per share on April 22, 2015.
On June 12, 2015, NYSE:PKE shares closed at $21.66 per share.
Those who purchased shares of Park Electrochemical Corp. (NYSE:PKE), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com