Anderson now works from temporary quarters near the neatly It is anchored 30 feet off shore near Page, Arizona and is accessible via floating concrete ramps. But Swifts board counts only shares used for margin loans against its pledging limits for executives. Other investors, among them the Teamsters, said the limits put in place by the company dont go far enough because they dont apply to the arrangements with Citigroup. Schoppmann's husband, general manager John Schoppmann Jr., has a As for the 10% limit, the board delayed imposing that for another yearuntil the end of 2016so that the margin positions could be reduced in an orderly fashion, according to the filing. In November and January, Swift spent $100 million on share repurchases. On the other hand, this has been going on for a while, and investors do have a legitimate question here about what took them so long.. event Saturday with Navajo cultural entertainment, live music, levels. While most people tend to think of the Maldives as the epicenter of romance (and it certainly is that), it has so much more to offer. ENLARGE hardwood doors on the stalls. In the ensuing. You have permission to edit this article. spokesperson for the 225-employee Antelope Point Holdings. Jerry Moyes, the departing chief executive officer of Swift Transportation Co., has landed a consulting agreement with the company that will pay him more than he made last year. Despite Tuesdays price jump, Swifts stock remains down by 40% from a year ago. The NHL had originally taken the position that neither Moyes nor Gretzky were legitimate creditors because they were owners. This little-known swimming hole located on the tip of the Padre Bay peninsula is a compact tide pool formed by retreating water levels. now bustles with activity. 24 disaster mitigation projects valued at $11 million completed in B.C. Get your Lake Powell vacation going! Moyes took Swift public once again in 2010, listing on the New York Stock Exchange. Richard Dozer, Swifts chairman, added that the $100 million share repurchase plan that we, as a Board of Directors, authorized in September of 2015 had absolutely nothing to do with Mr. Moyes stock pledging, or margin calls. A company spokesman said several large shareholders had urged Swift last summer to consider share repurchases. Subscribe. PAGE Navajo Nation President Joe Shirley Jr. will be greeted stock it with food to cook in your full-service kitchen). On May 5, 2009, Moyes put the Coyotes into Chapter 11 bankruptcy protection and announced a plan to sell the club to Jim Balsillie. A group headed by Jerry Moyes, In the process, he met Jerry Colangelo, principal owner of the 2001 World Champion Diamondbacks . Heres what we see, in the gloaming of Lake Powell: miles of peaceful water laid out like a rippling bedsheet, framed by the vast desert cradle of Glen Canyon, still blazing orange and yellow with surreal late-day sunlight. Not confident in your captaining skills? Located about 15 miles north of Rainbow Bridge, the trailhead extends from the water into the cliffs above, with a payoff of sweet lake views. Mike Anderson, a Navajo from Kaibeto and former Page Justice Summary. the water and does not need to be manipulated. Phoenix trucking giants Knight and Swift announced Monday they will merge to form a shipping venture with $5 billion . 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Our expository features, narratives, profiles, and investigative features keep our 385,000 readers in touch with the Valley's latest trends, events, personalities and places. CEO of Swift trucking. And got into a pissing match with the National park service. After reporting quarterly results this week, Mr. Moyes on Tuesday called for a $200 million stock buyback and said he would seek board approval in February. Whether youre a waterskiing, cliff-jumping adrenaline junkie, or a bookworm who just wants to Zen out to gorgeous views, the lake is your jam. I thought this was gonna be a wanted ad for a wife and friends! Please subscribe to keep reading. To see the number of people And to help achieve his other dream, he turned to Vancouver builder Dan Wittenberg. Designed by Elegant Themes | Powered by WordPress, Navajo Times fills editor position, welcomes return of Duane Beyal, Sheepherder recalls chilling encounter with mountain lion that killed half his flock, Being cut from b-ball fortuitous for KC wrestler, Hardship Assistance frequently asked questions, It hurts so bad: Heavy equipment arrives to impacted flood area in Chinle, Berm failure leads to significant flooding in Chinle, Letters | Thank you, animal control program. The same notion seems to have captivated my shipmates, assembled on the deck for a sunset aperitif, our mutual silence confirming the specialness of the moment. restaurant atop the world's largest floating platform and dozens of I was very impressed.". I count billionaires money and write about it. Year one, or Phase I, calls for a completion of a building improvement plan that details the construction of boat rental and marina parking areas; a boat repair facility and a marina maintenance; a boat dry storage and facilities; and a campground complex et al on the leased land at a guaranteed annual minimum rent of $50,000. Moyes, Steve Ellman and Wayne Gretzky bought the. They asked him to reduce the portion of his shares pledged as collateral to 15% or less by Nov. 4, according to an SEC filing. Read the most recent three weeks of stories by logging in to your online account. Share. Weve opened up some of our most. For many its the only difficult, Our guided boat tours to Antelope and Navajo Canyon let you experience Lake Powell how only locals can. In October, Mr. Moyes told the board he hadnt reduced his borrowings as promised. 225-casita resort hotel atop a nearby hill overlooking the rental houseboats are kept after they become 7 years old, and the Language links are at the top of the page across from the title. Damn, that sucks! Minuses: Five-hour sailing commitment. Curl around Kane Point and youll find this deep, 20-mile subartery of the lake, which looks a little like a cypress tree on the map, with tons of channels branching off the main trunk. Bottoms up. Now get ready for a workout. A stock slump last year squeezed trucking executive Jerry Moyes, who had borrowed heavily against his shares in the company he founded. Mr. Dozer was the baseball teams president from 1995 until 2006, and Mr. Moyes was a minority owner from 1996 until last year. Reflects change since 5 pm ET of prior trading day. According to SEC filings, Mr. Moyes has pledged some eight million shares of Swift as collateral for margin loans, as well as more than 29 million shares in complex transactions typically called variable prepaid forward contracts with Citigroup Inc. Bettman was furious, arguing the league had been blindsided and that Moyes had no authority to put the club into bankruptcy protection. Antelope Point Marina owner Jerry Moyes takes Tara on a quick private tour of his houseboat, The Big Dog - Jul 17, 2021 #12 Shlbyntro Ultra Conservative Joined May 27, 2018 Messages 4,421 Reaction score 9,713 See what happens when you're paid to take a bunch of girls out on a boat.. Jul 17, 2021 #13 Ace in the Hole Well-Known Member Joined After reporting quarterly results this week, Mr. Moyes on Tuesday called for a $200 million stock buyback and said he would seek board approval in February. Minuses: Youre a helluva haul from Rainbow Bridge and other popular landmarks. Though corporations may permit executives and directors to borrow against company shares they own, many limit or ban the practice. work for Antelope Point Holdings as projects specialist and risk It may not display this or other websites correctly. The City of Flagstaff has found itself without recycling services suddenly. On November 2, 2009, Moyes sold the Coyotes to the NHL for $140 million.[4]. Swift said Mr. Moyess arrangements with Citigroup arent margin loans, and the companys treatment of them is consistent with policies in place since Swifts IPO in 2010. The Marina Interesting bit of info I found. He is definitely covered when it comes to life vests on board! The rental Navajo workers should also be music to his ears. You decide. Its the nearest of the popular Lake Powell boating spots to Antelope Point, which keeps your fuel costs low and simplifies the issue of fuel management in general. Near the end of 2016, Moyes announced he would retire at the end of the year. Hes got so many different business interests going on that hes always used Swift stocks as collateral against loans to his other ventures.. For more than 50 years, PHOENIX magazine's experienced writers, editors, and designers have captured all sides of the Valley with award-winning and insightful writing, and groundbreaking report and design. know how far you want to sail, what areas of the lake you most want to see and the activities you most want to do. Documents revealed that Moyes company entered into a business-site lease with the Navajo Nation on Nov. 18, 2002, after it was selected a year prior by the National Park Service and the nation to develop and operate the then-proposed marina. Aubrey McClendon, founder and former CEO of Chesapeake Energy Corp., was forced to unload 94% of his stake. For a better experience, please enable JavaScript in your browser before proceeding. Dont let your vacation run aground. Blame it on the roll bar boats throwing wakes over the stern. In bringing about this reduction, the Board and Mr. Moyes are mindful of the need to ensure that any reduction occur in an orderly fashion, a written company statement said. Unlike most floating stores and restaurants, the only rocking *the size of boats able to launch is subject to lake level.