12 Mar 2019agm notice● Neutral
Cleveland-Cliffs issued its proxy statement for the April 24, 2019 annual meeting, asking shareholders to elect eleven directors, vote on executive pay, and ratify Deloitte & Touche as auditor.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
11 Feb 2019substantial holder notice● Neutral
The Vanguard Group filed a Schedule 13G/A reporting beneficial ownership of 33,358,653 Cleveland-Cliffs shares, or 11.19% of the common stock, as of December 31, 2018.
8 Feb 2019quarterly activities report▼ Bad
Cleveland-Cliffs reported fourth-quarter 2018 revenue of $696 million and net income of $610 million, helped by a $461 million tax valuation allowance release. Full-year 2018 net income was $1.1 billion.
7 Feb 2019substantial holder notice● Neutral
Ruffer LLP disclosed a new substantial CLEVELAND-CLIFFS INC. shareholding (6.60% of votes).
4 Feb 2019substantial holder notice● Neutral
BlackRock, Inc reported a CLEVELAND-CLIFFS INC. shareholding of 20,948,784 shares (7.00% of votes) in a periodic institutional filing.
19 Oct 2018quarterly activities report● Neutral
CLEVELAND-CLIFFS INC. reported quarterly revenue of $741.8 million and net income of $437.8 million for the period ended 2018-09-30.
19 Oct 2018quarterly activities report● Neutral
CLEVELAND-CLIFFS INC. reported quarterly revenue of $741.8 million and net income of $437.8 million for the period ended 2018-09-30.
10 Oct 2018substantial holder notice● Neutral
The Vanguard Group reported a CLEVELAND-CLIFFS INC. shareholding of 30,220,875 shares (10.14% of votes) in a periodic institutional filing.
24 July 2018quarterly activities report● Neutral
CLEVELAND-CLIFFS INC. reported quarterly revenue of $714.3 million and net income of $165.1 million for the period ended 2018-06-30.
20 July 2018quarterly activities report● Neutral
CLEVELAND-CLIFFS INC. reported quarterly revenue of $714.3 million and net income of $165.1 million for the period ended 2018-06-30.
24 Apr 2018quarterly activities report▼ Bad
Cleveland-Cliffs reported first-quarter 2018 revenues of $239.0 million, down from $461.6 million a year earlier, and a net loss of $84.3 million.
20 Apr 2018quarterly activities report▼ Bad
Cleveland-Cliffs reported first-quarter 2018 consolidated revenues of $239 million and a net loss of $84 million, including a $71 million loss from Asia Pacific Iron Ore, which it was closing. U.S. Iron Ore revenue was $180.0 million.
29 Mar 2018securities registration● Neutral
Cleveland-Cliffs launched an offer to exchange up to $1,075 million of its restricted 5.75% Senior Notes due 2025 for identical registered notes, expiring April 26, 2018. It received no proceeds from the exchange.
27 Mar 2018agm notice● Neutral
Cleveland-Cliffs filed a proxy supplement ahead of its April 24, 2018 meeting, disputing proxy advisers' recommendations to withhold on Compensation Committee directors and vote against say-on-pay, and giving more detail on its pay programs.
12 Mar 2018agm notice● Neutral
Cleveland-Cliffs filed additional definitive proxy materials for its 2018 annual meeting; the visible filing contained only the cover page.
12 Mar 2018agm notice● Neutral
Cleveland-Cliffs issued its proxy statement for the annual meeting to be held April 24, 2018, asking shareholders to elect nine directors, approve executive pay on an advisory basis, and ratify Deloitte & Touche as auditor.
1 Mar 2018debt financing● Neutral
Cliffs replaced its $550 million asset-based revolving credit facility with Bank of America with a new agreement providing up to $450 million in borrowings, maturing in 2023.
23 Feb 2018director interest notice● Neutral
CLEVELAND-CLIFFS INC. EVP, United States Iron Ore Terry G. Fedor acquired 54,541 shares and disposed of 6,269 in a set of related equity transactions.
23 Feb 2018director interest notice● Neutral
CLEVELAND-CLIFFS INC. EVP, Chief Financial Officer Timothy K Flanagan acquired 46,779 shares and disposed of 4,251 in a set of related equity transactions.
23 Feb 2018director interest notice● Neutral
CLEVELAND-CLIFFS INC. EVP, Business Development Clifford T Smith acquired 54,541 shares and disposed of 6,269 in a set of related equity transactions.
23 Feb 2018director interest notice● Neutral
CLEVELAND-CLIFFS INC. VP, Corporate Controller & CAO R Christopher Cebula acquired 18,824 shares and disposed of 1,768 in a set of related equity transactions.
23 Feb 2018director interest notice● Neutral
CLEVELAND-CLIFFS INC. Chairman, President & CEO Lourenco Goncalves acquired 386,369 shares and disposed of 63,905 in a set of related equity transactions.
23 Feb 2018director interest notice● Neutral
CLEVELAND-CLIFFS INC. EVP, Global Commercial Terrence R Mee acquired 46,247 shares and disposed of 4,959 in a set of related equity transactions.
23 Feb 2018director interest notice● Neutral
CLEVELAND-CLIFFS INC. EVP, HR & Chief Admin Officer Maurice Harapiak acquired 52,999 shares and disposed of 5,801 in a set of related equity transactions.
23 Feb 2018director interest notice● Neutral
CLEVELAND-CLIFFS INC. EVP, Chief Legal Officer & Sec James D Graham acquired 50,005 shares and disposed of 5,520 in a set of related equity transactions.
14 Feb 2018debt financing● Neutral
Cliffs registered its $1.075 billion of 5.75% notes due 2025 (issued in February and August 2017) with the SEC so holders could exchange the privately-placed notes for freely tradable registered ones - a routine compliance step, not a merger.
9 Feb 2018substantial holder notice● Neutral
The Vanguard Group reported a CLEVELAND-CLIFFS INC. shareholding of 25,109,154 shares (8.46% of votes) in a periodic institutional filing.
8 Feb 2018substantial holder notice● Neutral
BlackRock filed an amended Schedule 13G reporting it beneficially owned 20,192,937 Cleveland-Cliffs shares, or 6.8% of the class, as of December 31, 2017.
25 Jan 2018quarterly activities report● Neutral
Cliffs reported fourth-quarter 2017 consolidated revenue of $601 million and net income of $318 million, or $1.05 per diluted share. Adjusted EBITDA was $129 million, down from $174 million a year earlier.
4 Jan 2018director interest notice● Neutral
CLEVELAND-CLIFFS INC. director Michael D Siegal acquired 1,040 shares at $7.21 under a company stock plan.