Market Newsdesk

FINDLAY, Ohio, Nov. 11, 2020 /PRNewswire/ — Marathon Petroleum Corporation (NYSE: MPC) today announced that Donald C. Templin, executive vice president and chief financial officer, has elected to retire from the company, effective in January 2021. A nationwide search for the company’s next CFO is ongoing.

“Don was part of the original management team that established MPC as a publicly-traded company, and his deep financial experience, strong business skills and broad knowledge of our industry have been an integral part of our growth and success,” said Michael J. Hennigan, president and chief executive officer. “I’m especially grateful for Don’s leadership during this challenging year for our business and the support he provided during my transition to CEO. We thank Don for his many contributions to MPC and MPLX over the past decade, and I look forward to working with him to close out this year before he begins his well-earned retirement.”

Mr. Templin joined MPC in 2011 as senior vice president and CFO. He became executive vice president, Supply, Transportation and Marketing in 2015, and was appointed president of MPC in 2017. In 2018, Mr. Templin was named president, Refining, Marketing and Supply, and assumed his current position in 2019. Prior to MPC, Mr. Templin spent more than 25 years with PricewaterhouseCoopers LLP, providing auditing and advisory services to a wide variety of private, public and multinational companies, including serving as managing partner of the audit practice in Georgia, Alabama and Tennessee.

Mr. Templin also serves as a member of the board of directors of the general partner of MPLX LP (NYSE: MPLX), MPC’s sponsored master limited partnership. The MPLX board will consider Mr. Templin’s continued membership on the board in light of his upcoming retirement as an MPC executive.

About Marathon Petroleum Corporation
Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation’s largest refining system. MPC’s marketing system includes branded locations across the United States, including Marathon brand retail outlets. Speedway LLC, an MPC subsidiary, owns and operates retail convenience stores across the United States. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure. More information is available at www.marathonpetroleum.com.

About MPLX LP
MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provides fuels distribution services. MPLX’s assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at www.MPLX.com.

Investor Relations Contacts: (419) 421-2071

Kristina Kazarian, Vice President, Investor Relations

Media Contact:
Jamal Kheiry, Manager, Media Relations (419) 421-3312

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SOURCE Marathon Petroleum Corporation; MPLX LP

DOWNERS GROVE, Ill., Nov. 11, 2020 /PRNewswire/ — Belanger, part of OPW and Dover (NYSE: DOV), is proud to announce its Cube^® Soft-Touch In-Bay Automatic Wash System has been named the winner in the Car Wash/Forecourt category of CSP magazine’s 17th Annual Retailer Choice Best New Product Contest. The winners of the contest, which honors the convenience store industry’s most successful product launches from the past year, are chosen via an online poll of c-store retailers.

“We were incredibly excited to learn that our Cube vehicle wash system was voted by c-store retailers as the winner of CSP’s contest,” said Gary Campbell, VP & General Manager, OPW Vehicle Wash Solutions. “We know our vehicle wash customers look for an in-bay automatic wash system that provides high-quality washes and a pleasant wash experience for the user, while doing so reliably, cost-effectively, and safely. The Cube checks every one of those boxes.”

In addition to providing a cleaner vehicle, the Cube is more operator friendly. The Cube utilizes slow-spinning friction wheels and Belanger’s ShineMitt foam media to reduce noise levels and thoroughly clean the vehicle with gentle brush passes. The Cube also features a host of “smart” technology systems, allowing it to be precise, intuitive and flexible while providing the best possible cleaning result for each customer.

The Cube also offers remote access capabilities, patented LED-enhanced wheels and spray arms that cycle through six colors to provide Active Site Marketing™, and an innovative scissor-arm top wheel that precisely lowers to the vehicle and covers more area along the front, top and rear of the vehicle. The Cube’s LED lights also provide navigational assistance to move customers in and out of the bay quickly, increasing throughput.

To learn more about the Cube Soft-Touch In-Bay Automatic Wash System from Belanger, please visit opwglobal.com/belanger.

About OPW:

OPW is defining what’s next through innovations designed to enhance safety, reliability, efficiency and business performance for the retail-fueling, fluid-handling and car wash industries. Specifically, OPW makes aboveground and underground products for both conventional, vapor-recovery and clean energy applications in the retail and commercial markets. Additionally, OPW supplies loading arms, valves and dry-break couplings, tank-truck equipment, railcar valves and equipment, and car wash systems. OPW has manufacturing operations in North America, Europe, Latin America and Asia Pacific, with sales offices around the world. OPW is part of Dover Corporation. To learn more about how OPW is Defining What’s Next in each of its markets, visit opwglobal.com.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions and Refrigeration & Food Equipment. Dover combines global scale, operational agility, world-class engineering capability and customer intimacy to lead the markets we serve. Recognized for our entrepreneurial approach for over 60 years, our team of over 23,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under “DOV.” Additional information is available at dovercorporation.com.

OPW Contact:

Lisa Moloney

(513) 870-3119
[email protected]

Dover Media Contact:
Adrian Sakowicz, VP, Communications    
(630) 743-5039    
[email protected]     

Dover Investor Contact:
Andrey Galiuk, VP, Corporate Development and Investor Relations   
(630) 743-5131   
[email protected]

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SOURCE Dover

WASHINGTON, Nov. 11, 2020 /PRNewswire/ — The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a fourth quarter dividend of $0.80 per share for each of Farmer Mac’s three classes of common stock – Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock (not listed on any exchange), and Class C Non-Voting Common Stock (NYSE: AGM).  The quarterly dividend will be payable on December 31, 2020 to holders of record of common stock as of December 15, 2020.  

Farmer Mac’s board of directors has also declared a dividend on each of Farmer Mac’s four classes of preferred stock. The quarterly dividend of $0.375 per share of 6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C (NYSE: AGM.PR.C), $0.35625 per share of 5.700% Non-Cumulative Preferred Stock, Series D (NYSE: AGM.PR.D), $0.359375 per share of 5.750% Non-Cumulative Preferred Stock Series E (NYSE: AGM.PR.E), and $0.328125 per share of 5.250% Non-Cumulative Preferred Stock, Series F (NYSE: AGM.PR.F), is for the period from but not including October 17, 2020 to and including January 17, 2021.  These preferred stock dividends will be payable on January 17, 2021 to holders of record of those classes of preferred stock as of January 4, 2021.

About Farmer Mac

Farmer Mac is a vital part of the agricultural credit markets and was created to increase access to and reduce the cost of capital for the benefit of American agricultural and rural communities. As the nation’s secondary market for agricultural credit, we provide financial solutions to a broad spectrum of the agricultural community, including agricultural lenders, agribusinesses, and other institutions that can benefit from access to flexible, low-cost financing and risk management tools. Farmer Mac’s customers benefit from our low cost of funds, low overhead costs, and high operational efficiency. Additional information about Farmer Mac is available on Farmer Mac’s website at www.farmermac.com.

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SOURCE Farmer Mac

EULESS, Texas, Nov. 11, 2020 /PRNewswire/ — U.S. Concrete, Inc. (NASDAQ:USCR), a leading supplier of aggregates and ready-mixed concrete in active construction markets across the country, announced today that it has acquired the assets of Sugar City Building Materials Co. (“Sugar City”) in San Francisco’s East Bay area. Sugar City has over 90 years of history and serves all sectors of the building materials market. The deal includes a building material retail operation, two ready-mixed concrete batch plants and two concrete recycling systems. The retail operation will extend the footprint of the Company’s Westside Concrete Materials network of locations and the ready-mixed concrete assets will be added to the Company’s Central Concrete operation. The additions increase the Westside Concrete Materials’ network to six locations and the Central Concrete network to 28 ready-mixed concrete plants.

“An acquisition that adds to all of our Bay Area operations is a big win for U.S. Concrete,” said Ronnie Pruitt, President and Chief Executive Officer of U.S. Concrete. “Sugar City’s long history in this dynamic market allows us to immediately capitalize on these assets. Beyond the retail and concrete additions, its proximity to our aggregates terminal means we are able to expand our distribution of Orca high performance concrete aggregates from Polaris Materials. These additions strengthen each of our segments and further add to shareholder value.”

About U.S. Concrete

U.S. Concrete, Inc. (NASDAQ: USCR) is a leading supplier of aggregates and concrete for infrastructure, residential and commercial projects across the country. The Company holds leading market positions in the high-growth metropolitan markets of Dallas/Fort Worth, San Francisco, New York City, Philadelphia, and Washington, D.C., and its materials have been used in some of the most complex and highly specialized construction projects of the last decade. U.S. Concrete has continued to grow organically and through a series of strategic acquisitions of independent producers in its target markets.

For more information on U.S. Concrete, visit www.us-concrete.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Certain statements and information provided in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include, without limitation, statements concerning plans, objectives, goals, projections, outlook, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “intend,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “outlook,” “predict,” “potential” or “continue,” the negative of such terms or other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, our anticipated growth strategies and anticipated trends in our business. These statements are predictions based on our current expectations and projections about future events which we believe are reasonable. Actual events or results may differ materially.

By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We believe that these risks and uncertainties include, but are not limited to: general economic and business conditions, which will, among other things, affect demand for new residential and commercial construction; our ability to successfully identify, manage, and integrate acquisitions; the cyclical nature of, and changes in, the real estate and construction markets, including pricing changes by our competitors; governmental requirements and initiatives, including those related to mortgage lending, financing or deductions, funding for public or infrastructure construction, land usage, and environmental, health, and safety matters; disruptions, uncertainties or volatility in the credit markets that may limit our, our suppliers’ and our customers’ access to capital; our ability to successfully implement our operating strategy; weather conditions; our substantial indebtedness and the restrictions imposed on us by the terms of our indebtedness; the effects of currency fluctuations on our results of operations and financial condition; our ability to maintain favorable relationships with third parties who supply us with equipment and essential supplies; our ability to retain key personnel and maintain satisfactory labor relations; and product liability, property damage, results of litigation and other claims and insurance coverage issues. These risks and uncertainties also include the effects of COVID-19; the length and severity of the COVID-19 pandemic; the pace of recovery following the COVID-19 pandemic; our ability to implement cost containment strategies; and the adverse effects of COVID-19 on our business, the economy and the markets we serve.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. All written and oral forward-looking statements made in connection with this press release that are attributable to us or persons acting on our behalf are expressly qualified in their entirety by the “Risk Factors” in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission.  We are under no duty to update any of the forward-looking statements after the date of this press release to conform such statements to actual results or to changes in our expectations, except as required by federal securities laws.  There can be no assurance that other factors will not affect the accuracy of these forward-looking statements or that our actual results will not differ materially from the results anticipated in such forward-looking statements. Unpredictable or unknown factors we have not discussed in this press release also could have material effects on actual results or matters that are the subject of our forward-looking statements. We undertake no obligation to, and do not intend to, update our description of important factors each time a potential important factor arises.

Source: USCR-G

Company Contact Information:
U.S. Concrete, Inc. Investor Relations
844-828-4774
[email protected]

Media Contact:

[email protected]  

 

 

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SOURCE U.S. Concrete, Inc.

INDIANAPOLIS, Nov. 11, 2020 /PRNewswire/ — Eli Lilly and Company (NYSE: LLY) will conduct a webcast on Friday, November 20, 2020 to provide an overview of the tirzepatide Phase 3 type 2 diabetes clinical trial program in preparation for five future Phase 3 top-line data disclosures. The webcast will begin at 11:00 a.m. Eastern Standard Time and will review the trial designs and expected timing of the multiple readouts for the tirzepatide program.

Investors, media and the general public can access a live webcast of the conference call through a link that will be posted on Lilly’s website at https://investor.lilly.com/webcasts-and-presentations. A replay will also be available on the website following the conference call.

About Eli Lilly and Company
Lilly is a global healthcare leader that unites caring with discovery to create medicines that make life better for people around the world. We were founded more than a century ago by a man committed to creating high-quality medicines that meet real needs, and today we remain true to that mission in all our work. Across the globe, Lilly employees work to discover and bring life-changing medicines to those who need them, improve the understanding and management of disease, and give back to communities through philanthropy and volunteerism. To learn more about Lilly, please visit us at www.lilly.com.  F-LLY   

Lilly Cautionary Statement Regarding Forward-Looking Statements



This press release contains forward-looking statements (as that term is defined in the Private Securities Litigation Reform Act of 1995) about tirzepatide and reflects Lilly’s current beliefs.  However, as with any pharmaceutical product, there are substantial risks and uncertainties in the process of research and development. For a further discussion of these and other risks and uncertainties, please see Lilly’s most recent Form 10-K and Form 10-Q filings with the U.S. Securities and Exchange Commission. Except as required by law, Lilly undertakes no duty to update forward-looking statements to reflect events after the date of this release.

Refer to:

Mark Taylor; [email protected]; (317) 276-5795 (Media)   
Kevin Hern; [email protected]; (317) 277-1838 (Investors)

 

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SOURCE Eli Lilly and Company

CARMEL, Ind., Nov. 11, 2020 /PRNewswire/ — KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference:

• Stephens Annual Investment Conference 2020 | Virtual
• KAR’s Chairman and Chief Executive Officer, Jim Hallett, Executive Vice President and Chief Financial Officer, Eric Loughmiller and Treasurer and Vice President Investor Relations, Mike Eliason will be participating on Wednesday, November 18, 2020 at 8:00 am Eastern

Webcast of the presentation will be made available under the investor relations section of the company’s website, karglobal.com.