MCOAQ Monaco Coach Corp. featured news, full reports, and detailed charts
Monaco Coach Corp. (MCOAQ/MCOAQ.PK) Wrap Up:
Monaco Coach Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of motor coaches and towable recreational vehicles to independent dealers in the United States and Canada. The companys product line consists of motor coaches, fifth wheel trailers, travel trailers, and specialty trailers. It offers motorized and towable recreational vehicles that are equipped with a range of kitchen and bathroom appliances, audio and visual electronics, communication devices, and other amenities, including couches, dining tables, closets, and storage spaces. The company sells its products under the Monaco, Holiday Rambler, Beaver, Safari, McKenzie, R-Vision, Bison, and Roadmaster brand names. It also owns and operates two motorhome resort properties located in Las Vegas, Nevada, and Indio, California, which provides various amenities, such as golf courses, swimming pools, tennis courts, and full recreational vehicle hookups for utilities. The company sells individual lots through independent real estate agents to retail customers. In addition, it owns two additional parcels of land in La Quinta, California, and in Naples, Florida. Monaco Coach Corporation was founded in 1968 and is headquartered in Coburg, Oregon. On March 5, 2009, Monaco Coach Corporation, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.www.monaco-online.com
5,348 Employees
Founded in 1968
Monaco Coach Corp. (MCOAQ:OTC)
MCOAQ Top Compensated Officers
Mr. Kay Toolson
Chairman and Chief Executive Officer
Age: 64
Total Annual Compensation: $936.0K
Mr. John Nepute
President
Age: 56
Total Annual Compensation: $504.8K
Mr. P. Martin Daley
Chief Financial Officer and Vice President
Age: 44
Total Annual Compensation: $327.2K
Mr. Richard E. Bond
Chief Administrative Officer and Senior Vice ...
Age: 55
Total Annual Compensation: $316.4K
Mr. Michael P. Snell
Vice President of Sales and Marketing
Age: 40
Total Annual Compensation: $306.0K
Executives, Board Directors
Compensation as of Fiscal Year 2007.
Key developments for Monaco Coach Corp. (MCOAQ)
Monaco Coach Corp. expected to Report Fiscal Year 2008 Results on November 10, 2009. This event was calculated by Capital IQ (Created on November 6, 2009).
11/6/2009
Monaco Coach Corp. expected to Report Fiscal Year 2008 Results on November 10, 2009. This event was calculated by Capital IQ (Created on November 6, 2009).
MNC Corp. Announces Management Changes; Announces Amendments to Articles of Incorporation
06/10/2009
Effective as of June 4, 2009, each of the following directors and/or officers resigned from his respective position as a director and/or officer of MNC Corp. The other officers of the Company also resigned from their positions. Kay L. Toolson, Chairman and Chief Executive Officer; John F. Cogan, Director; Richard E. Colliver Director Robert P. Hanafee, Director; Jr. Dennis D. Oklak, Director; Richard A. Rouse, Director; Daniel C. Ustian, Director; Roger A. Vandenberg Director; John Nepute, President. Richard Bond, Senior Vice President, and Chief Administrative Officer; Marty Daley Vice President and Chief Financial Officer; Mike Snell Vice President-Sales and Marketing; Charlie Kimball Corporate Controller and Chief Accounting Officer. Effective June 4, 2009, the Company's Board of Directors appointed Robert O. Riiska, 48, as the Company's Chief Executive Officer and Mark Cantor, 46, as the Company's Secretary. These individuals are employed by Focus Management Group USA Inc. ('Focus'), which has been providing consulting services to the Company in its bankruptcy process, and will serve the Company in an interim capacity. Effective June 4, 2009, the Board appointed Robert Riiska and Mark Cantor as Class I and Class II directors, respectively, and such individuals are now the sole directors of the Company. Effective June 4, 2009, following the resignation of the previous directors, the board of directors reduced the size of the Board of Directors to two members, one each in Class I and Class II, and amended paragraph (a) of Section 3.4 of the Article II of the Bylaws to provide that a quorum for the transaction of business at a meeting of the board of directors of the company would consist of one-half of the authorized number of directors (one director). Effective June 5, 2009, as required by the Purchase Agreement, the Company amended its Certificate of Incorporation to change its corporate name to MNC Corporation.
Monaco Signs LOI With Navistar, In Talks With Others
03/27/2009
Monaco Coach Corp. announced that the Company has signed a non-binding letter of intent (LOI) with Navistar, Inc. with respect to a proposed transaction in which Navistar would acquire certain assets and assume certain liabilities primarily associated with the Company's recreational vehicle manufacturing business. Monaco continues to work with other interested parties regarding the acquisition of its Motorhome Resorts segment and other assets held for sale.
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More Recent News About Monaco Coach Corp.
More news for MCOAQ
Navistar reports 3Q loss on falling truck demand
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
Winnebago CEO optimistic about expanding RV market
FOREST CITY, Iowa (AP) -- A high school graduate who learned everything he knows about motor homes from "the university of Winnebago" has navigated one of the industry's leading manufacturers over very bumpy terrain in the past year. Robert Olson, 58, took a job installing motor home windows at Winnebago Industries Inc. at age 18 in hopes of saving money for college. He never left, foregoing a college education for on-the-job training that led him to where he is now, 40 years later, sitting in the CEO seat.Actually, the seat he chose for a recent interview was a tan plush leather sectional sofa in the company's newly unveiled $300,000 Itasca Ellipse.The 42-foot home on wheels -- the company's largest motor home ever -- was parked outside Winnebago corporate headquarters in Forest City, a small farming community of 4,500 people near the Iowa/Minnesota state line.Production takes place in a campus of several factory buildings encompassing 2.5 million square feet. Components aren't just assembled here, but seat covers, dashboards, water tanks and cabinets -- more than half of the motor home parts -- are manufactured here.Olson proudly discusses the Ellipse's amenities: ceramic floor tile, granite countertops and cherry wood cabinetry. There's a gas fireplace in the living room beneath a large flat-screen television. A second TV faces the king-sized bed in the back of the RV, which you reach after passing a bathroom, and a washer and dryer enclosed in a hallway closet."This is what our customers who like to go camping are asking for," Olson said with a smile.Going camping these days, it seems, isn't what it used to be.Q: It's been a torturous couple of years for your industry, a 55 percent decline in shipments in the past year alone. Tight credit, high fuel prices and job losses hit you and your competitors ...Click here to read the whole Article (external link)
MNC CORP /DE/ Financials
PERIOD ENDING27-Sep-0828-Jun-0829-Mar-0829-Dec-07Total Revenue166,266 201,887 252,377 292,145 Cost of Revenue165,484 192,714 236,571 260,050 Gross Profit782 9,173 15,806 32,095 Operating ExpensesResearch Development - - - - Selling General and Administrative22,870 22,257 28,636 27,574 Non Recurring68,497 1,966 - - Others - - - - Total Operating Expenses - - - - Operating Income or Loss(90,585)(15,050)(12,830)4,521 Income from Continuing OperationsTotal Other Income/Expenses Net(746)919 213 (546)Earnings Before Interest And Taxes(91,331)(14,131)(12,617)5,242 Interest Expense1,156 923 725 753 Income Before Tax(92,487)(15,054)(13,342)4,489 Income Tax Expense(20,734)(5,354)(4,885)2,120 Minority Interest - - - - Net Income From Continuing Ops(71,753)(9,700)(8,457)2,369 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - - Other ...Click here to read the whole Article (external link)
MNC CORP /DE/ Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Change in Directors or Principa
Item 2.01 Completion of Acquisition or Disposition of Assets. On June 4, 2009, Monaco Coach Corporation, a Delaware corporation (the "Company") and certain of its subsidiaries (collectively with the Company, "Sellers") completed the sale of substantially all of the core RV manufacturing assets of Sellers (the "Manufacturing Assets") to Workhorse International Holding Company (the "Purchaser"), an affiliate of Navistar Inc. ("Navistar"), pursuant to that certain Amended and Restated Asset Purchase Agreement, dated as of April 23, 2009, by and among Sellers, Purchaser and Navistar (as amended , the "Purchase Agreement"). The sale of the Manufacturing Assets pursuant to the Purchase Agreement was approved pursuant to an order of the United States Bankruptcy Court for the District of Delaware, dated May 22, 2009. Under the terms of the Purchase Agreement, Purchaser paid to Sellers $52,000,000 in cash, subject to certain adjustments and plus the assumption by Purchaser of certain assumed liabilities, all as specified in the Purchase Agreement. Apart from the Purchase Agreement, certain relationships have existed between the Company and its affiliates and Navistar and its affiliates. Daniel C. Ustian, Chairman, President and Chief Executive Officer of Navistar International Corporation, has been a director of the Company since 2003. As noted below, together with the other directors of the Company, Mr. Ustian resigned from the Company's board of directors effective June 4, 2009. Navistar's indirect operating subsidiary, Workhorse Custom Chassis, LLC, has sold gasoline-powered chassis for motor homes to Monaco. For 2008, Monaco's purchases under this supply relationship amounted to approximately $10.2 million. In addition, in February 2007 the Company and Navistar formed a joint venture company, Custom Chassis Products, LLC ("CCP"). Monaco owned 49% of the joint venture and Navistar owned 51%. On May 28, 2009, CCP filed a ...Click here to read the whole Article (external link)
MONACO COACH CORP /DE/ Files SEC form 8-K, Other Events
Item 8.01 Other Events Order of United States Bankruptcy Court Approving Sale of Manufacturing Assets Monaco Coach Corporation (the "Company") previously entered into an Asset Purchase Agreement (as amended, the "Asset Purchase Agreement"), effective as of May 1, 2009, by and among Workhorse International Holding Company (the "Purchaser"), an affiliate of Navistar Inc. ("Navistar") the Company, certain of its subsidiaries (collectively with the Company, "Sellers") pursuant to which Navistar and Purchaser would purchase substantially all of the core RV manufacturing assets of Sellers (the "Manufacturing Assets"). Pursuant to an order of the United States Bankruptcy Court for the District of Delaware (the "Court"), dated May 22, 2009, the Court, among other things (i) authorized the sale of the Manufacturing Assets pursuant to the Asset Purchase Agreement, (ii) authorized the assumption and assignment of certain contracts of Sellers and (iii) authorized the rejection of certain contracts of Sellers. The Company anticipates that the transactions will close on or about June 2, 2009. The net proceeds of the transaction, after paying costs associated with the transaction, will be used to satisfy the obligations of the Company and its subsidiaries to their creditors. The Company does not anticipate that there will be proceeds ultimately available to the Company from the transactions contemplated by the Asset Purchase Agreement and other potential asset sales sufficient, after payments to creditors, to result in any distribution to the stockholders of the Company. Safe Harbor Statement: This 8-K contains or may contain forward-looking statements, including without limitation statements regarding (i) closing of the transaction and (ii) the timing of the closing of the transaction. These forward-looking statements are subject to various risks and uncertainties, including without lim...Click here to read the whole Article (external link)
MONACO COACH CORP /DE/ Files SEC form 8-K, Other Events
Item 8.01 Other Events. a. Amendment to Asset Purchase Agreement On May 6, 2009, Monaco Coach Corporation (the "Company") entered into an Amendment No. 1 to Asset Purchase Agreement (the "Amendment"), effective as of May 1, 2009, with Workhorse International Holding Company (the "Purchaser"), an affiliate of Navistar Inc. ("Navistar"), which Amendment contained certain amendments to the Amended and Restated Asset Purchase Agreement (the "Asset Purchase Agreement"), dated as of April 23, 2009, between the Company, certain of its subsidiaries (collectively with the Company, "Sellers"), Navistar and Purchaser for sale of substantially all of the core RV manufacturing assets of Sellers (the "Manufacturing Assets"). The amendments generally were technical in nature, involving, inter alia, Purchaser bid protections and the clarification or modification of cash deductions to the purchase price. The net proceeds of the transaction, after paying costs associated with the transaction, will be used to satisfy the obligations of the Company and its subsidiaries to their creditors. The Company does not anticipate that there will be proceeds ultimately available to the Company from the transactions contemplated by the Asset Purchase Agreement (as amended by the Amendment) and other potential asset sales sufficient, after payments to creditors, to result in any distribution to the stockholders of the Company. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the Amendment, which is filed as Exhibit 99.1 hereto and is incorporated herein by reference. b. Order of United States Bankruptcy Court Scheduling Sale Related Dates and Auction and Approving Bid Procedures re Manufacturing Assets Pursuant to an Order (the "Order") of the United States Bankruptcy Court for the District of Delaware (the "...Click here to read the whole Article (external link)
MONACO COACH CORP /DE/ Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhib
Show all filings for MONACO COACH CORP /DE/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for MONACO COACH CORP /DE/ 28-Apr-2009Entry into a Material Definitive Agreement, Financial Statements and Exhib Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information p...Click here to read the whole Article (external link)
Navistar May Go RVing
Monaco Coach, the recreational vehicle company that once rolled in style on strong sales of high-end motor homes, may sell its core RV manufacturing business to Navistar International for a mere $50.0 million. On Thursday, (nyse: NAV - news - people ) issued a non-binding letter of intent to (other-otc: MCOAQ - news - people ) expressing its interest in buying certain assets and liabilities of the RV maker's vehicle manufacturing business. Navistar, which produces commercial and military vehicles, in addition to diesel engines for pickup truck, van and sport utility vehicle markets, sees opportunities in expanding its diesel business with the purchase of Monaco's assets."If we are able to reach agreement, the purchase of certain Monaco assets would fit our strategy of leveraging our assets to expand our diesel business, serve the end customer and would also complement our workhorse custom chassis business," said John Allen, president of Navistar's North American trucks division.Shares of Navistar closed Thursday's trading session up $2.20, or 6.8%, at $34.56, while Monaco's stock, which trades ...Click here to read the whole Article (external link)
Winnebago Loses Drive
As American consumers look to trim expenses amid the economic downturn, Winnebago Industries' bottom line looks like a sea of red ink, and management is focusing on maintaining liquidity and conserving capital.On Thursday, the maker of recreational vehicles swung to a fiscal-second quarter loss that missed Wall Street's expectations on dramatically decreased sales, reduced margins, and manufacturing inefficiencies. (nyse: WGO - news - people )' shares lost 29 cents, or 5.3%, to $5.15.The RV industry has been struggling as cash-strapped consumers curb discretionary spending amid job cuts, tight credit, a housing downturn and a bear market on Wall Street, which began as result of the subprime mortgage crisis. (See "A Band Aid Or A Bailout?")Deeper vehicle discounts have largely failed to lure buyers, and Winneba...Click here to read the whole Article (external link)
MONACO COACH CORP /DE/ Files SEC form 8-K, Bankruptcy or Receivership, Triggering Events That Accelerate or Increase
Show all filings for MONACO COACH CORP /DE/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for MONACO COACH CORP /DE/ 9-Mar-2009Bankruptcy or Receivership, Triggering Events That Accelerate or Increase Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informa...Click here to read the whole Article (external link)
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