Vonage Holdings Corporation (NYSE: VG) just disclosed in an SEC filing something that many investors do not like to see, even if it is in small stocks. The company noted, “John Rego, Executive Vice President, Chief Financial Officer and Treasurer of Vonage Holdings Corp., will be leaving the company later this year.”
The company did note that Rego has agreed to remain in his current positions through the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2009 and the engagement of a new CFO.
Vonage also noted that the terms and conditions of Rego’s departure will be described in an amendment to this Form 8-K after they have been concluded.
In short, Vonage is losing its CFO. Shares closed flat today at $1.60 versus a 52-week range of $0.31 to $2.63. So far there has been no significant after-hours trading activity in the stock.
JON C. OGG
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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