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AltC Acquisition (NYSE: ALCC) disclosed in a recent 8-K filing that its Compensation Committee has approved salary increases for key executives. The Board of Directors approved the raises for Jacob DeWitte, the Chief Executive Officer, and R. Craig Bealmear, the Chief Financial Officer, increasing their annual base salaries from $500,000 to $625,000 and from $400,000 to $440,000, respectively. Additionally, the Committee raised the annual target bonus opportunities for the executives and the Chief Operating Officer Caroline Cochran from 50% to 65% of their base salaries, effective from January 1, 2025. The filing, dated December 27, 2024, under Item 5.02 of Departure of Directors or Certain Officers, outlines the adjusted compensation for the executive team. These changes in compensation packages reflect the company’s efforts to retain and motivate its leadership amidst evolving market conditions. The agreement detailed in the filing underscores the commitment of AltC Acquisition to rewarding and retaining talent crucial to driving the company’s growth strategy. Such adjustments in executive compensation are often seen as strategic moves to align leadership incentives with corporate objectives and shareholder interests. The Company’s decision reflects an ongoing trend in the industry where companies strive to attract and retain top talent in a competitive market landscape. These adjustments may signal a strong outlook for AltC Acquisition and a strategic approach to rewarding its key leadership team. The company’s initiative to increase executive compensation is subject to the approvals outlined in the filing and is aimed at enhancing performance and aligning incentives with the company’s long-term objectives. This article is a summary based on the information provided in AltC Acquisition’s recent 8-K filing and is in compliance with the regulations governing the disclosure of material information to shareholders and the investing public. This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read AltC Acquisition’s 8K filing here . AltC Acquisition Company Profile ( Get Free Report ) AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp. Recommended Stories
Jamaat-e-Islami Ameer Dr Shafiqur Rahman emphasized the need for strong unity above all else to ensure national progress, justice, and communal harmony for a better future. He has declared that the party will prioritize national interests above all else. Speaking at a workers' conference in Satkhira on Saturday, he said, "Dark clouds have gathered over the nation, and vultures loom in the sky. We won't give them any chance." He emphasized the commitment to building a corruption-free Bangladesh, ensuring justice for all, and achieving balanced development across the country. Ameer outlined a vision for a prosperous nation where youth are empowered with education and employment, saying: "We want a system where education shapes good citizens, not criminals." Addressing concerns about women's rights, Dr Rahman assured that women would be safe both at home and in the workplace. He rejected claims that Jamaat would restrict women, emphasizing their freedom to contribute to the nation within Islamic values. He further said: "We aim for a society where women will uphold modesty on their terms." He also emphasized communal harmony, envisioning a Bangladesh where places of worship like mosques, temples, and churches would require no security. "Our country is a garden of harmony," he said, urging vigilance against forces seeking to disrupt peace. Dr Rahman criticized previous governments for corruption and injustice, particularly in Satkhira. He claimed that Satkhira has suffered the highest number of killings and injustices in the country. Referring to past political violence, he condemned atrocities, including the events of October 28, 2006, and the execution of Jamaat leaders. He stressed the need to harness the nation's resources for development rather than self-interest, saying: "We have abundant resources, but corrupt leaders fill their pockets instead of serving the people." The conference was held at Satkhira Government High School grounds, which witnessed a large attendance from supporters across the district. Several Jamaat leaders, including Shahidul Islam Mukul and former MP Gazi Nazrul Islam, also addressed the gathering.
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( MENAFN - IANS) New Delhi, Nov 30 (IANS) To maximise mutual understanding of drills and procedures, the Indian army and Singapore armed forces on Saturday completed the three-day 13th edition of Joint Military Exercise AGNI WARRIOR (XAW-2024) in Maharashtra. The bilateral exercise between the armed forces of the two countries was organised at Field Firing Ranges, Devlali, said a statement. The exercise involved showcasing joint firepower planning, execution and use of New Generation Equipment by the Artillery arm of both armies. The three-day exercise conducted from November 28 to 30, witnessed participation by the Singapore Armed Forces contingent comprising 182 personnel from the Singapore Artillery and the Indian Army contingent comprising 114 personnel from the Regiment of Artillery. The aim of XAW-2024 was to maximise mutual understanding of drills and procedures to achieve jointness as a multinational force under the United Nations Charter. The event was witnessed by Lieutenant General Adosh Kumar, Director General of Artillery, Lieutenant General NS Sarna, Commandant, School of Artillery, and Colonel Ong Chiou Perng, Chief Artillery Officer, Singapore Armed Forces. The dignitaries appreciated the participating troops for displaying high levels of professional acumen and expertise. The exercise involved extensive joint preparation, coordination, understanding of each other's capabilities, procedures and evolution of common interface between Indian and Singapore Artillery procedures. It marked the culmination of successful training by Singapore Armed Forces troops exposing them to the intricacies of Fire Power planning. Both sides utilised niche technologies during the exercise and exchanged best practices as part of the joint training. During the last edition of the bilateral exercise in December 2022, both sides participated in a joint computer war-game as part of joint planning process. Both sides also utilised niche technology and Artillery Observation Simulators as part of joint training phase. Expert academic discussions were also conducted on modern trends in Artillery and refinement of the Artillery planning process. Indigenously manufactured Artillery guns and howitzers also participated during the final phase of the exercise in the last edition. MENAFN30112024000231011071ID1108941543 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.Saturday, November 30, 2024 The luxury travel sector had a valuation of $638.2 billion in 2021 and is expected to reach $1,650.5 billion by 2031, reflecting a steady annual growth rate of 8.9% between 2022 and 2031. The global luxury travel market has seen rapid expansion in recent years, driven by an increasing demand for distinctive and exotic travel destinations. Although luxury travel remains a niche sector, its market share within the broader travel industry is steadily growing. This growth is attributed to rising disposable incomes and improving living standards, as well as the increasing number of high-net-worth individuals (HNIs) in emerging markets, which further boosts demand for luxury travel experiences. A key factor in the rise of the luxury travel market is the adoption of cutting-edge technologies by luxury travel providers. These innovations are enhancing the status of luxury travel and offering guests top-tier facilities. Notable technological advancements, such as Oculus Rift virtual reality, Amazon Echo-powered artificial intelligence, GoPro wearable tech, and DaVinci 3D printing, have been introduced to enrich travelers’ experiences. The expanding HNI population and the aspirations of wealthy millennials are major drivers of growth in the luxury travel market, particularly in the Asia-Pacific region. Baby boomers and Generation X remain significant contributors to the market in this region. The growing desire to explore unfamiliar places and enjoy one-of-a-kind experiences has led companies to offer tours that connect travelers with the local culture, providing opportunities to uncover hidden gems and engage with local communities. However, shifting socio-economic conditions pose potential challenges to the market’s expansion. In response, travel providers are launching personalized itineraries and custom travel plans that cater to evolving traveler needs. Renowned companies like Abercrombie & Kent Ltd. and Cox & Kings Ltd. employ expert teams who assist travelers in selecting the best trips based on their interests and preferences. The global luxury travel market is segmented by tour type, age group, traveler type, and region. By tour type, the market is divided into customized and private vacations, adventure and safari, cruise expeditions, small group journeys, celebrations and special events, and culinary travel and shopping. By age group, it is categorized into millennials, Generation X, baby boomers, and silver-haired travelers. In terms of traveler type, the market is split into absolute luxury, aspiring luxury, and accessible luxury. Regionally, the market spans North America (U.S., Canada, and Mexico), Europe (Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Singapore, India, and the rest of Asia-Pacific), and LAMEA (Middle East, Latin America, and Africa). Among the different tour types, the celebration and special events segment holds around 6.5% of the global luxury travel market share. This segment is anticipated to experience significant growth, with a compound annual growth rate (CAGR) of 9.5% during the forecast period. This surge is driven by growing interest in celebrating significant milestones, such as family reunions, birthdays, weddings, anniversaries, and large public events like New Year’s. Luxury travel companies now offer private tours to exclusive destinations for special occasions, making destination-based celebration travel a prominent trend in the luxury travel market. More people are seeking to commemorate important moments or share new experiences, contributing to the rising popularity of celebration and special event travel. In 2021, the Generation X segment of luxury travelers, defined as those aged 35-50, was valued at approximately $213.3 billion, with projections indicating growth to $550.3 billion by 2031, driven by a compound annual growth rate (CAGR) of 8.9%. Known for having higher disposable income, this age group spends around $627 per day on vacation, which is 20% more than Millennials. Family life significantly influences their travel choices, with leisure trips often planned around family activities. The Generation X group can be divided into two categories: those who are recently single and those approaching a major wedding anniversary. The recently single segment is more inclined toward adventure rather than socializing or partying, favoring destinations like Chile, Mexico, Canada, Argentina, Australia, and New Zealand. On the other hand, married Generation X individuals with children tend to select destinations that cater to their family needs, as well as places they’ve never visited before, prioritizing safety during travel. These factors are expected to drive significant growth in the luxury travel market for this demographic over the forecast period. In the luxury travel market, the Accessible Luxury segment is anticipated to reach $207.3 billion by 2031, growing at a CAGR of 8.9%. Accessible luxury travel offers high-end experiences to a broader consumer base. This segment has been expanding rapidly, influenced by peer pressure and advancements in technology, which have broadened consumers’ understanding of luxury services and their associated costs. Accessible luxury travelers tend to favor shorter holidays, often selecting destinations closer to home due to financial constraints. These travelers are also more likely to explore off-the-beaten-path destinations, avoiding city centers in favor of lesser-known neighborhoods that provide an authentic experience. Regionally, the Asia-Pacific market is poised to be the fastest-growing luxury travel sector, with a CAGR of 11.1% during the forecast period. The Latin America, Middle East, and Africa (LAMEA) region is expected to follow as the second-fastest growing market, driven by the region’s emerging economies. The expansion of luxury travel in these regions is projected to significantly contribute to the global market’s growth. Key players in the luxury travel industry are focusing on product launches and business expansions to increase market share, enhance profitability, and stay competitive. Prominent companies in the sector include Abercrombie & Kent USA, LLC, Cox & Kings Ltd, Travcoa, Micato Safaris, Ker & Downey, Tauck, Thomas Cook Group PLC, Scott Dunn Ltd., Kensington Tours, Butterfield & Robinson Inc., TUI Group, Zicasso, Inc., Black Tomato, Backroads, Lindblad Expeditions, and Exodus Travels. The global luxury travel industry was valued at $638.21 billion in 2021 and is projected to grow to $1.65 trillion by 2031, experiencing a compound annual growth rate (CAGR) of 8.9% over the forecast period. Among various travel types, the cruise and ship expedition sector is expected to see the highest growth rate, with a CAGR of 10.9% during the forecast period. In 2021, the “silver hair” demographic segment was valued at $89.11 billion, accounting for 14.0% of the global luxury travel market share. The “aspiring luxury” traveler category was valued at $202.14 billion in 2021 and is anticipated to grow at a CAGR of 8.7%. Italy emerged as the leading luxury travel market in Europe in 2021, projected to reach $176.44 billion by 2031, growing at a CAGR of 8.2% during the forecast period.
Sharps technology CEO Robert Hayes acquires $10,072 in stockRussia is losing influence in Georgia and the South Caucasus to its allies China and Iran, a new report claims. It comes as thousands of protesters clashed with police on the streets of Tbilisi to oppose ruling party Georgian Dream's decision to freeze talks on the country's long standing bid to join the EU until 2028. For more than 30 years Moscow has been able to leverage various conflicts in the region to make itself a security guarantor. That image was already seriously dented in the eyes of neighbouring states by Russia ’s appalling military performance in Ukraine , which has seen what was intended to be a lightning four-day conquest turn into a protracted two-and-half-year conflict with tens of thousands of casualties. However, more damaging still - according to a new report by the RUSI think tank - is the increasing influence of China and Iran, which had been contained by Russia ’s influence, but which now, despite their alliance with Moscow, are taking advantage of the vacuum. Along with Turkey, their engagement in the South Caucasus has strengthened the region’s ties with Asia, the Middle East and Central Asia to the detriment of both Russia and the West. Russia is now scrambling to reset its position by focussing on other areas such as transport and communications, but it has a steep hill to climb. "There is a real prospect that the Kremlin’s efforts to forge a renewed regional role may prove unsuccessful, and Moscow may emerge from the process of realignment a significantly reduced regional force,” said the reports author Dr Neil Melvin , RUSI's Director of International Security. The Russia -friendly Georgian Dream party swept into power recently following controversial elections which were mired by corruption. But this does not signify the win that Russia claims. “While Georgian Dream is considered pro- Russia , actually it is playing both sides against each other to maintain its independence and power base - it has no desire to become a Russian vassal, so it makes assurances about not aligning itself with the West.” Equally, Russia ’s loss of influence doesn’t spell good news for the West. “For two decades now, the Euro-Atlantic community has essentially promised to Georgia that if it got its act together, it could join the EU and Nato. The people on the streets last week were reflecting that promise,“ he said. “But the West is unwilling to cross the red lines that Russia laid down in 2008, so I believe these are hollow promises now. “If the Euro-Atlantic community is to undercut Russia ’s effort to build a new position and retain a significant regional role, it will need to develop approaches capable of responding to and shaping the new South Caucasus geopolitics and geo-economics.” Regional expert Nathalie Vogel, of the institute of World Politics, said: “Those who are protesting represent Georgia’s modern educated elite with experience of the West, but this is not the overwhelming majority who live far from the capital in rural areas. “Georgian Dream claims they are the only party to protect Georgian from a Ukraine -like war and this is a reassuring message for the undedicated who have no access to the internet and don’t follow the news. “m
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By ERIC TUCKER WASHINGTON (AP) — A ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans, a top White House official said Friday. Biden administration officials said this month that at least eight telecommunications companies , as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But Anne Neuberger, the deputy national security adviser for cyber and emerging technologies, told reporters Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. The update from Neuberger is the latest development in a massive hacking operation that has alarmed national security officials, exposed cybersecurity vulnerabilities in the private sector and laid bare China’s hacking sophistication. The hackers compromised the networks of telecommunications companies to obtain customer call records and gain access to the private communications of “a limited number of individuals.” Though the FBI has not publicly identified any of the victims, officials believe senior U.S. government officials and prominent political figures are among those whose whose communications were accessed. Related Articles National News | Court rules Georgia lawmakers can subpoena Fani Willis for information related to her Trump case National News | US homelessness up 18%, family homelessness doubles in NYC National News | One Good Thing: This is what made us happy in 2024 National News | Most Americans blame insurance profits and denials alongside the killer in UHC CEO death, poll finds National News | Another jackpot surpasses $1 billion. Is this the new normal? Neuberger said officials did not yet have a precise sense how many Americans overall were affected by Salt Typhoon, in part because the Chinese were careful about their techniques, but a “large number” were in the Washington-Virginia area. Officials believe the goal of the hackers was to identify who owned the phones and, if they were “government targets of interest,” spy on their texts and phone calls, she said. The FBI said most of the people targeted by the hackers are “primarily involved in government or political activity.” Neuberger said the episode highlighted the need for required cybersecurity practices in the telecommunications industry, something the Federal Communications Commission is to take up at a meeting next month. “We know that voluntary cyber security practices are inadequate to protect against China, Russia and Iran hacking of our critical infrastructure,” she said. The Chinese government has denied responsibility for the hacking.Yukoner Gavin McKenna played for Canada in the World Junior Hockey Championship opener against Finland on Dec. 26, delivering the first period winning goal and helping to secure Canada’s 4-0 victory. McKenna credited goalie Carter George, who made 31 saves in his World Juniors debut, for the shutout against the Finns. McKenna, Easton Cowan and Luca Pinelli completed the scoring for Canada, who had a 41-31 shot advantage over the Finns. In the first period, Canada and Finland battled for dominance on the ice, with Canada taking control by out-shooting the Finns 17-6. Finnish goalie Petteri Rimpinen struggled to keep the net clear but was overcome as Canada scored the first goal with 52 seconds left in the period. In the second period, Finnish goalie Rimpinen stopped Ethan Gauthier's breakaway dash for the net but couldn’t prevent Cowan’s unassisted goal off a Finnish defensive turnover. Cowan, 19, one of four returning Canadian players, gained renown for his 56-game point streak with the Ontario Hockey League’s London Knights. Despite a shorthanded breakaway save by George, Canada failed to score on two power plays in the second half. The Finns improved in the third period, with George stopping Finland’s Benjamin Rautiainen’s power-play one-timer. However, Pinelli made it 3-0 with just under five minutes remaining, celebrating Caden Price's assist. During a late penalty kill, the Canadians preserved the shutout with strong shot blocks and effective goal-tending from George. Canada’s Matthew Schaefer added an empty-netter with 19 seconds left. Team Canada is scheduled to play Latvia on Dec. 27, Germany on Dec. 29 and the U.S.A. on Dec. 31 in the lead up to the quarter and semi-finals from Jan. 2 to 4.
Intech Investment Management LLC Grows Position in Owens & Minor, Inc. (NYSE:OMI)NexPoint Residential Trust, Inc. (NYSE:NXRT) reported in a recent 8-K filing with the Securities and Exchange Commission that Brian Mitts, the Chief Financial Officer, Executive VP-Finance, Secretary, and Treasurer of the company, has resigned from his positions effective December 31, 2024. In light of Mr. Mitts’ resignation, the Board of Directors has appointed Paul Richards as the new Chief Financial Officer, Executive VP-Finance, Treasurer, and Assistant Secretary, and David Willmore as the Chief Accounting Officer, Assistant Treasurer, and Assistant Secretary. These appointments are effective as of January 1, 2025. The Board additionally declared that Mr. Richards will assume the roles of principal accounting officer and principal financial officer at NexPoint Residential Trust as of January 1, 2025, following Mr. Mitts’ departure. Until the end of his tenure, Mr. Mitts will continue to serve in his current capacities. The company stated in its filing that Mr. Richards has no significant interest, either direct or indirect, in any transaction that necessitates disclosure under Item 404(a) of Regulation S-K. As per the disclosure in the filing, forward-looking statements were made regarding the company’s officers. These statements are based on current expectations and involve risks and uncertainties that could result in actual outcomes differing from those expressed in the forward-looking statements. Investors are advised to review the company’s filings with the SEC for a comprehensive discussion of risks and factors impacting such statements. The filing expressed that the statements contained within are the company’s views as of the date of the filing and that, unless required by law, NexPoint Residential Trust does not commit to publicly update or revise any forward-looking statements. Pursuant to the Securities Exchange Act of 1934, the report was signed on behalf of NexPoint Residential Trust, Inc. by Brian Mitts, the outgoing Chief Financial Officer, Executive VP-Finance, Secretary, and Treasurer, on December 27, 2024. This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read NexPoint Residential Trust’s 8K filing here . NexPoint Residential Trust Company Profile ( Get Free Report ) NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States. Featured Stories
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