Company news

  • Updated: August 19, 2013 - 7:42 PM

Personnel

H.B. Fuller Co., St. Paul, has elected Maria Teresa “Tessa” Hilado to its board of directors. Hilado is currently senior vice president, finance, and treasurer at PepsiCo. Inc.

 

Polaris Industries Inc., Medina, has hired Tim Larson to the new ­position of vice president, global customer excellence. Larson was most recently president and CEO of Jostens Inc.

 

U.S. Bank Wealth Management, St. Paul, announced that Tina Cain has been appointed vice president and trust officer for the Private Client Reserve of U.S. Bank. Cain will administer trusts of high-net-worth clients, which includes ­coordinating financial, tax, investment and legal services.

Debt and equity

Mocon Inc., Brooklyn Park, announced that it has received an expected notice from the Nasdaq Stock Market saying the company is not in compliance with its continued listing rules. Mocon said it expects to regain compliance with the listing requirements well before an Oct. 14 deadline.

 

Insignia Systems Inc., Brooklyn Park, announced the results of its latest stock buyback program. Under a modified Dutch auction tender offer the company accepted for purchase 929,051 shares of common stock at a price of $2.35 per share, for an aggregate cost of approximately $2.2 million, excluding fees and expenses relating to the tender offer.

 

Life Time Fitness Inc., Chanhassen, has authorized a share repurchase program under which the company may repurchase up to $200 million of its outstanding common stock.

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