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Park-Ohio Holdings Corp. (NASDAQ:PKOH), a $297 million industrial supply chain logistics company currently trading at $21.32, announced that its board of directors has elected Andrew C. Clarke as a member of the board, effective immediately. According to InvestingPro data, the company maintains a FAIR financial health score and appears slightly undervalued based on Fair Value analysis. The appointment was made on Monday, according to a statement included in a Securities and Exchange Commission filing.
Clarke will serve in the class of directors scheduled for re-election at the company’s 2027 annual meeting of shareholders. In addition to joining the board of Park-Ohio Holdings, Clarke was also elected to the board of directors of the company’s principal operating subsidiary, Park-Ohio Industries, Inc., also effective immediately.
As a non-employee director, Clarke will receive compensation consistent with that of other non-employee directors, as previously disclosed in Park-Ohio Holdings’ definitive proxy statement filed with the SEC on April 8, 2025.
The information in this article is based on a statement provided in a recent SEC filing.
In other recent news, Park Ohio Holdings Corp reported its financial results for the second quarter of 2025, missing analyst expectations. The company posted earnings per share of $0.66, which was below the forecasted $0.73. Additionally, Park Ohio’s revenue came in at $400 million, falling short of the projected $412.2 million. Despite these misses, the company’s stock experienced a noteworthy increase. These developments highlight the company’s recent financial performance and investor reactions.
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