Encore Bank Hires New Executive VP and Chief Audit Officer (Movers & Shakers)
Gary Edwards has worked for 21 years as an accountant serving financial institutions. read more >
Gary Edwards has worked for 21 years as an accountant serving financial institutions. read more >
NanoMech Inc. attracted about $11 million in financial support from the Arkansas Economic Development Commission between 2008 and 2014. But after that mix of tax credits, grants tied to job creation, loans and direct investment, the public well dried up for the Springdale maker of industrial lubricants. read more >
The Delaware bankruptcy of Springdale’s NanoMech Inc. has taken a bizarre cloak-and-dagger turn: Former CEO Jim Phillips, under oath in September, cited “national security” when refusing to answer questions about 46 transactions that its top financial officer knew only as the “CIA arrangement.” read more >
Accusations of corporate mismanagement against the former CEO of NanoMech, Jim Phillips, have intensified into allegations of self-dealing and securities fraud. read more >
NanoMech Inc. of Springdale, which filed Chapter 11 bankruptcy protection earlier this month, has filed plans to sell the company at auction in June. read more >
The Springdale nanotechnology firm estimates both its debts and its assets as between $10 million and $50 million. Documents say the company has struggled through continual losses from operations together with slow revenue growth. read more >
The financial mess created by former Nanomech CEO Jim Phillips (see Nanomech Chief Confronted With Ouster by Investors) has spawned another lawsuit. read more >
The previous CEO of Nanomech in Springdale retired before he could be ousted, investors say. read more >
If Jim Phillips had a New Year’s resolution to get NanoMech’s financial house in order during 2019, that aspiration didn’t survive the first day. And now a key creditor has implied it wants Phillips gone as chairman and CEO of the lubricant manufacturer. read more >
Michaelson Capital Partners of New York is suing NanoMech Inc. of Springdale in the Supreme Court of New York for $8.9 million plus interest, costs and fees. read more >
NanoMech of Springdale announced Wednesday that it has secured $10 million in capital for leading its Series C Financing round from Saudi Aramco Energy Ventures. read more >
NanoMech of Springdale is already outgrowing its new production facility as the company plans to continue to expand its manufacturing capacity. read more >
NanoMech Inc. of Springdale, which this summer received three patents for its nGlide lubrication product, expects to bring massive changes to billion-dollar industries like machining, manufacturing and energy. read more >
