Stock News Buzz: Neenah, Inc. (NYSE: NP)

Neenah, Inc. (NYSE: NP) performed -0.85% to trade value at $69.67 in recent trading session and its total traded volume was 77945 shares versus to an average volume of 94.69K. The company has market cap of $1166.28 million. The stock has monthly performance of 18.25% while its yearly performance remained at -25.37%.

Neenah, Inc. (NYSE: NP) reported that Sean T. Erwin and John F. McGovern will not stand for re-election when their terms expire in May 2019 and that Tony R. Thene has been appointed to its Board of Directors as an independent director effective February 1, 2019. Mr. Thene will be part of the class of directors whose term of office will expire at the 2019 annual meeting, when he will be nominated for election to a three-year term.

Mr. Thene currently serves as chief executive officer of Carpenter Technology Corporation (NYSE: CRS), a leader in specialty alloy-based materials and process solutions. He began his career at Carpenter as Chief Financial Officer in 2013 and prior to that worked at Alcoa Inc. in various senior financial and accounting leadership positions.

With the addition of Mr. Thene, Neenah’s board now consists of nine directors, eight of whom meet New York Stock Exchange standards for independence.

In connection with Sean T. Erwin’s notice to the Board that he will not stand for re-election in 2019, the Board appointed William M. Cook to serve as Chairman of the Board, to be effective with the Company’s 2019 Annual Meeting of Shareholders.

 The stock demonstrated move of 0.75% in previous 5 days graph. Its quarterly performance stands with the percentage of -9.45% while its year to date performance showed change of 18.25%.

 The Company has an insider ownership of 1.40% and institutional ownership remained 94.20%. Its return on investment (ROI) for the last 12 month was 13.20% and its return on equity (ROE) of 10.50% while return on assets (ROA) is at 4.70%.

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