New Clarcor CEO gets 54% raise

The leadership transition at filtration company Clarcor from Norm Johnson to Chris Conway has been completed. The board of the Franklin-based company this week voted to hike Conway's salary to $500,000 from $325,000 and give him the chance to earn a bonus of up to 75 percent of the new number. By way of comparison, Johnson's salary in 2010 was more than $730,000.

SEE ALSO: The October announcement of Johnson's retirement

Dec 14, 2011 12:30 PM
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S&P index move for Clarcor

Franklin-based Clarcor will at the end of next week make the move from the S&P SmallCap 600 Index to the MidCap 400, a transition that's likely to create a little bit of turbulence in the stock as index-based fund managers adjust their holdings. Shares of Clarcor (Ticker: CLC) are up more than 10 percent so far in 2011 and about 80 percent since the market's March 2009 lows.

Dec 9, 2011 8:32 AM

Analyst action: Clarcor, Noranda

Kevin Maczka at BB&T Capital Markets has downgraded Clarcor to 'hold' from 'buy' after the stock's 16 percent run over the past three months. Year to date, Clarcor (Ticker: CLC) is up about 13 percent.

Global aluminum prices have been pressuring margins for companies such as Franklin-based Noranda, which has led Goldman Sachs analyst Sal Tharani to cut his EPS estimates and price target for the company. Tharani now sees the stock (Ticker: NOR) going to $12 from its current $10-and-change levels, down from $14.

Nov 8, 2011 6:18 AM

CEO Johnson passing the torch at Clarcor

COO, former division chief to take over in December
Oct 5, 2011 7:11 AM

Clarcor hikes dividend for 29th straight year

The board of Clarcor has voted to increase the filtration and packaging company's dividend to 12 cents per quarter from 10.5 cents. The hike makes it 29 consecutive years that the Franklin-based company (Ticker: CLC) has boosted its payout and will lift its dividend yield to about 1.1 percent based on Thursday's closing price.

Sep 30, 2011 10:40 AM

Clarcor CEO: We're still on track

Filtration manufacturer eyeing more M&A, says China order dip has passed; shares recover from early slide
Sep 15, 2011 2:40 PM

Analyst action: HealthSpring, Brookdale, Clarcor

UBS analyst Justin Lake has hiked his earnings estimates for Medicare insurer HealthSpring. But Lake, who has a 'buy' rating on the company, is sticking to his $52 price target, which still leaves the stock (Ticker: HS) about 40 percent of upside.

Morgan Keegan researcher Rob Mains says Brookdale Senior Living shares also can still climb more than 40 percent, but isn't in a hurry to jump in. In a note reiterating his 'outperform' rating, Mains says the stock (Ticker: BKD) may remain cheap "for a few months."

And over at Hilliard Lyons, analysts have launched coverage of Clarcor shares with a 'buy' rating and a $54 price target. That makes the firm the most optimistic on the Street about Clarcor (Ticker: CLC), which is changing hands at roughly $44 today.

Sep 9, 2011 12:55 PM

Clarcor adding to South Dakota plant

Multi-year plan will add 70 jobs
Sep 8, 2011 7:25 AM

Patent Patrol: 29 June 2011

In this week's batch of IP awarded to Tennessee residents and companies: Therapeutic light, a portable balloon-tying device, a biomass energy processing method, and more...
Jun 29, 2011 11:16 AM

Another big stock sale for Clarcor boss

Clarcor Chairman and CEO Norm Johnson on Monday sold almost $900,000 worth of shares in the Franklin-based company. The move came on the heels of a larger sale Friday. Combined, the two sets of transactions have trimmed Johnson's direct and indirect stake in Clarcor by about 5 percent.

Jun 22, 2011 9:21 AM