Month: December 2020

Green Mountain Coffee Roasters removes founder Bob Stiller as chairman over stock sale

first_imgOfficer (give title below) 3. Date of Earliest Transaction (Month/Day/Year) 05/07/20124. If Amendment, Date of Original Filed (Month/Day/Year)6. Individual or Joint/Group Filing (Check Applicable Line)XForm filed by One Reporting Person S S 1,400,000D$6.156,660,000D Other (specify below) Common Stock05/07/2012 Form filed by More than One Reporting Person Table I – Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) PriceCommon Stock05/07/2012center_img /s/ Robert P. Stiller05/09/2012 Table II – Derivative Securities Acquired, Disposed of, or Beneficially Owned  (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of SharesExplanation of Responses:Remarks: The man who discovered a small coffee shop in 1981 and turned it into a billion dollar company in Waterbury, and himself into a captain of industry, has been removed as chairman of the company. Green Mountain Coffee Roasters, Inc (GMCR) (NASDAQ: GMCR) Tuesday evening announced that its Board of Directors has appointed Michael J Mardy, a director and chair of the Company’s Audit and Finance Committee, as interim Chairman of the Board. In addition, state Senator Hinda S Miller, chair of the Company’s Corporate Social Responsibility Committee, has been appointed as Chair of the Governance and Nominating Committee, a committee she last chaired in 2010. All appointments were effective immediately.A release from the company said, “At the direction of the Board of Directors, Mr Robert P Stiller no longer serves as Chairman of the Board and Mr William D Davis no longer serves as Lead Director of the Board, effective immediately. Additionally, Mr Stiller and Mr Davis will no longer serve on any Board committees and will not receive future payment for their service on the Board until the Board determines otherwise. Both will remain members of the Board. The Governance and Nominating Committee will be reviewing appropriate Board and committee structure and composition.”As first reported by Vermont Business Magazine before the markets opened Tuesday morning, Stiller had sold 5 million shares worth $125.5 million because of a margin call forced on him by Deutsche Bank. He also was forced to sell his entire stake (8.06 million shares) in Krispy Kreme Doughnuts for a total of $49.569 million (see below).The GMCR release went on to say that, “These changes are the result of the actions taken by the Board to address stock sales by Mr Stiller’s and Mr Davis’ brokerage firm, which sales were inconsistent with the Company’s internal trading policies. Specifically, Mr Stiller and Mr Davis had margin call-related stock sales totaling 5.548 million shares, reflected in Form 4 filings filed with the Securities and Exchange Commission today. These forced sales were related to margin loans, which were secured by pledges of Mr Stiller’s and Mr Davis’ GMCR stock and triggered by recent GMCR stock price activity.”On Friday, May 4, 2012, as the result of a margin call on pledged GMCR stock, approximately 400,000 shares and on Monday, May 7, 2012 approximately 148,000 shares of GMCR stock were sold from Mr Davis’ brokerage account at a time when the trading window in GMCR stock was closed pursuant to the Company’s internal trading policy. In addition, during the Company’s review of the May 4 trade, it learned that, inconsistent with the Company’s policy, Mr Davis had pledged approximately 204,000 new shares to his margin loan after January 1, 2012.”On Monday, May 7, 2012, as the result of a margin call on pledged GMCR stock, 5 million shares of GMCR stock were sold from Mr Stiller’s brokerage account, at a time when the trading window in GMCR stock was closed pursuant to the Company’s internal trading policy.”It should be noted that Mr Stiller’s and Mr Davis’ pledged positions as of January 1, 2012 were grandfathered by the Board when it amended the Company’s internal trading policy in December 2011 to prohibit new pledges after January 1, 2012.”As of the close of trading on May 7, 2012, Mr. Stiller beneficially owned 8,386,899 million shares of GMCR common stock. If all of Mr. Stiller’s shares that are held in margin accounts or pledged as collateral to various financial institutions as security for one or more loans were settled as of May 8, 2012, Mr. Stiller would beneficially own 1,857,031 million shares of GMCR stock. As of the close of trading on May 7, 2012, Mr Davis beneficially owned 436,786 shares of GMCR common stock. If all of Mr. Davis’ shares that are held in margin accounts or pledged as collateral to various financial institutions as security for one or more loans were settled as of May 8, 2012, Mr Davis would beneficially own 36,598 shares of GMCR stock.”The Board has also mandated that Mr Stiller and Mr Davis settle all outstanding margin loans by the end of calendar year 2012.Company shares, already battered by investor discontent since last fall, took a further beating after a disappointing quarterly report released May 2, losing more than three quarters of its value since peaking last September at over $115 per share. However, shares actually rallied some after the news of a class action suit and Stiller’s stock sale. After bottoming out at a 52-week low of $24.03 within hours of the release of the quarterly report, shares climbed Tuesday more than $2 before retreating somewhat in after hours trading. Shares stood at $25.58 just before 8 pm Tuesday. It opened Wednesday at $26. (QUOTE)The company release issued this statement from the Board:”Based upon the recent decline in GMCR stock price, Mr Stiller and Mr Davis were both faced with margin calls resulting in sales of their GMCR stock. These forced sales are disappointing and beyond the control of the Company. Once the Board was notified of this trading activity, it moved quickly to investigate and address this matter. The Board determined that it was in the best interest of the Company and its shareholders for Mr Stiller and Mr Davis to relinquish their leadership positions on the Board as well as their committee roles.”Stiller granted an interview with Forbes, in which he says he was caught off-guard by the sudden plunge of the stock, which lost half its value in a matter of hourse. He also lashed out at his bank and short-selling investors. In the interview, Stiller maintains that GMCR is still in good shape despite the recent tumult. (FORBES STORY)Forward-Looking Statements Certain statements contained herein are not based on historical fact and are “forward-looking statements” within the meaning of the applicable securities laws and regulations. Generally, these statements can be identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “feel,” “forecast,” “intend,” “may,” “plan,” “potential,” “project,” “should,” “would,” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Owing to the uncertainties inherent in forward-looking statements, actual results could differ materially from those stated here. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the difficulty in forecasting sales and production levels, the degree to which there are changes in consumer sentiment in this difficult economic environment, the Company’s success in efficiently expanding operations and capacity to meet growth, the Company’s success in efficiently and effectively integrating the Company’s acquisitions, the ability to maximize or successfully assert our intellectual property rights, the Company’s success in introducing and producing new product offerings, the Company’s dependence on external capital, including the Company’s credit facility, competition and other business conditions in the coffee industry and food industry in general, fluctuations in availability and cost of high-quality green coffee, any other increases in costs including fuel, the Company’s ability to continue to grow and build profits in the At Home and Away from Home businesses, the Company’s ability to attract and retain senior management, the continued availability of a consistent supply of parts for our brewers, and the brewers themselves, the Company experiencing product liability, product recall and higher than anticipated rates of warranty expense or sales returns associated with a product quality or safety issue, the extent to which the data security of the Company’s websites may be compromised, the impact of the loss of major customers for the Company or reduction in the volume of purchases by major customers, delays in the timing of adding new locations with existing customers, the Company’s level of success in continuing to attract new customers, sales mix variances, weather and special or unusual events, the impact of the inquiry initiated by the SEC and any related litigation or additional governmental investigative or enforcement proceedings, as well as other risks described more fully in the Company’s Annual Report on Form 10-K for fiscal year 2011 and other filings with the SEC. Forward-looking statements reflect management’s analysis as of the date of this release. The Company does not undertake to revise these statements to reflect subsequent developments, other than in its regular, quarterly earnings releases.WATERBURY, Vt.–(BUSINESS WIRE)–5.8.2012 SEC Form 4FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940OMB APPROVALOMB Number:3235-0287Expires:December 31, 2014Estimated average burdenhours per response:0.5XCheck this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).1. Name and Address of Reporting Person*STILLER ROBERT P(Last)(First)(Middle)C/O SUNRISE MANAGEMENT SERVICES, LLCPO BOX 2263 (Street)SO. BURLINGTONVT05407(City)(State)(Zip)2. Issuer Name and Ticker or Trading Symbol  KRISPY KREME DOUGHNUTS INC [ KKD ]5. Relationship of Reporting Person(s) to Issuer  (Check all applicable) 6,660,000D$6.150D DirectorX10% Owner ** Signature of Reporting PersonDateReminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.last_img read more

Sovernet Fiber connecting Brattleboro

first_imgFirstLiight/Sovernet Communications,Windham County-based Sovernet Communications has announced that multiple public institutions in Brattleboro, including the municipal offices, are now utilizing Sovernet’s high-capacity, highly reliable data services, with more locations coming soon.  Eleven Brattleboro schools, three municipal facilities, Brooks Memorial Library, three healthcare facilities, Brattleboro Community Television, and eight State of Vermont sites in Brattleboro are included in the project, which is scheduled for completion by the end of the year.  The new communications infrastructure will allow the institutions to take full advantage of the state-of-the-art fiber optic network that Sovernet is in the process of completing in partnership with the Vermont Telecommunications Authority and National Telecommunications & Information Administration.Sovernet has now built over 850 miles of fiber throughout Vermont, which will serve over 340 community anchor institutions such as K-12 schools, colleges, public libraries, healthcare providers, government offices and public safety communications.  Sovernet’s middle-mile fiber project is improving broadband availability throughout its footprint.  An improvement that, along with providing needed affordable access to its many anchors, will invite the expansion of broadband services offered to residential users and enhance economic development throughout the region.‘Robust telecommunications infrastructure such as has been offered by Sovernet, supports the development of the economy and increases our capacity for cultural participation beyond the usual limits imposed by our geography,’ said Brattleboro’s interim Town Manager Patrick Moreland.  ‘This project will no doubt add value to our existing community institutions and create an environment conducive to the generation of economic growth throughout the 21st century.  We are delighted that a tangible asset of this quality is available to enrich the business environment in downtown Brattleboro.’     Cor Trowbridge, the Executive Director of Brattleboro Community Television praised the project, “With Sovernet’s fiber upload speeds, BCTV can stream in full HD, making it possible to share live high-quality video of local events from locations on the network. This is a new and exciting way for BCTV to help community members share views and information about local issues throughout southern Windham County.”‘Brooks Memorial Library, with its daily  demands of 19 public access computers and as many as 24 simultaneous wireless users, needs fiber to satisfy customer demand,’ added Jerry Carbone, the library’s director.  ‘In addition, as the library produces content such as live lectures, workshops, discussions, we will be able to distribute this widely  in real time using our Google videoconferencing grant equipment, or partnering with our local community TV station.  We would not be able to do this without Sovernet’s fiber and the speeds it allows.’‘We are very pleased that the Town of Brattleboro, Brattleboro Community Television, Brooks Memorial Library are among the dozens of Brattleboro community anchors that have chosen Sovernet to be their communications provider’, said Richard Kendall, Sovernet’s CEO. ‘We appreciate the abundant support we have received from all our community anchors, and are working very hard to deliver an exceptional customer experience for each and every one of them.’In addition to serving community anchors, the new Sovernet network will provide wholesale data transport services to Internet service providers, telecom and cellular companies, as well as a full range of offerings for enterprise businesses.  With the completion of the new network at hand, Sovernet has begun building laterals to businesses and carriers interested in the expanded services. About Sovernet Communications:  Founded in 1995, Sovernet Communications provides reliable Internet and telecommunication services to residential and business customers throughout Northern New England.  The company is headquartered in Bellows Falls, Vermont with facilities throughout Vermont and southwest New Hampshire.  Sovernet is in the final stages of constructing a 900 mile fiber optic network in Vermont, with funding through the federal BTOP program, and the State of Vermont, that will provide fiber-based services to over 340 Vermont community institutions such as public libraries, public safety agencies, municipalities, State of Vermont offices, K-12 and post-secondary schools and healthcare institutions.  With additional fiber miles, beyond the BTOP project, Sovernet’s new network will span more than 1400 miles, and will interconnect with several other new adjoining regional ‘middle-mile’ fiber networks, including the New Hampshire FastRoads network, MassBroadband 123 and the ION network in upstate New York.  ION, an Albany NY-based subsidiary of Sovernet, operates a 3,000 mile fiber transport network in New York State, and is also nearing completion of a BTOP-funded fiber network.  For more information please visit is external).Source: BELLOWS FALLS, VT ‘ October 23, 2013 Sovernet Communicationslast_img read more

Advisory panel pushes quick restoration of Vermont Yankee site

first_imgby Andrew Stein A state panel charged with advising the governor and the Legislature on nuclear matters recommends that Entergy Corp. and the state work together to decommission the Vermont Yankee nuclear plant promptly after it closes next year.The Vermont State Nuclear Advisory Panel, known as VSNAP, has no legal authority over this process. It is comprised of top officials from three departments and agencies, two members of the Legislature and two members of the public. Five of the six members in attendance voted on the resolution Wednesday, and they voted unanimously in favor of a quick and full restoration of the Vermont Yankee site.The VSNAP members hope Entergy does not mothball Vermont Yankee with its 2,500 spent-fuel assemblies, which will be sitting in the plant’s spent-fuel pool after it closes.‘For the benefit of the people of Vermont, VSNAP recommends that all parties pursue a DECON decommissioning strategy for the Vernon reactor site, in order to promptly release the site for unrestricted use; and VSNAP encourages constructive dialogue between the state of Vermont and Entergy/Vermont Yankee toward these ends,’ the resolution states.Vermont Yankee. Photo from The CommonsThe timing of this resolution is important because it comes two days before the Department of Public Service is set to propose conditions for the plant’s new operating permit. The Louisiana-based Entergy Corp. is applying for a permit with the quasi-judicial Public Service Board to run the plant until the end of 2014, and the U.S. Nuclear Regulatory Commission (NRC) allows Entergy up to 60 years to dismantle Vermont Yankee.The ‘DECON decommissioning strategy’ refers to a quick dismantling, removal of spent fuel and decontamination of the site. ‘SAFSTOR’ methods of decommissioning are lengthier and can involve preserving shuttered nuclear facilities for decades.When Entergy bought the plant in 2002, it signed a memorandum of understanding with the state and Vermont’s two largest utilities, which have since merged under the Green Mountain Power umbrella. The agreement permits Entergy to ‘include the implementation of SAFSTOR or other forms of delayed decommissioning,’ according to the document. It also stipulates that Vermont Yankee must remove all structures from the property and reseed the land, if necessary. The expected completion date for decommissioning at that time was March 31, 2022, or exactly 10 years after Vermont Yankee’s initial 40-year license expired.Entergy spokesman Rob Williams was at the VSNAP meeting in Montpelier.‘As we’ve said, the preferred option is some period of SAFSTOR after the plant is permanently shut down, prior to dismantling,’ he said. ‘At this point, it’s not yet clear how long that SAFSTOR might last. We’re developing plans around all of that.’The NRC gives Entergy up to two years to submit their plans for decommissioning. Entergy representatives have repeatedly said that at that time they would divulge details.‘It’s Entergy’s obligation to fund decommissioning ‘ all of decommissioning,’ Williams said. ‘Prior to the sale, it would have been the complete obligation of the ratepayers.’The organizations that have banded together in the past to close Vermont Yankee are divided in their stance on how to best decommission the plant.Ned Childs, president of the anti-nuclear New England Coalition, urged the panel to be tough with Entergy. He said that the finances should not be a primary concern, and the government should take over the process if need be.‘If the nuclear business is really this gigantic liability, as it truly turns out to be, then we need to get a bit more serious about dealing with it even if it means everybody is going to have to take out their checkbooks,’ Childs said. ‘So we can go forward with this problem in the past and not sticking in our face for 60 years.’The Vermont Citizens Action Network takes a different position on decommissioning than many of the other anti-nuclear groups. The network is advocating for an expedited SAFSTOR method that would last 15 to 25 years, rather than a full 60 years.‘If you go slowly and thoroughly, you’re allowing for more time for the financial instruments to do their thing,’ said Chris Williams, president of the network. One of the issues at play is that Vermont Yankee has roughly $580 million in its decommissioning fund, and a DECON dismantling would cost roughly $1 billion. Williams also says it is less costly to take apart a plant when it has had more time to cool.Williams and his group want the spent fuel to be removed from the pool and put into dry-cask storage containers as soon as possible. They want up to 60 percent of the workforce to remain on site to help with the process, and they want the site returned to a condition that does not restrict its future use due to radioactivity or contamination. The last request for unrestricted use mirrors that of VSNAP.While the state and interested groups can pressure Entergy, the NRC has the final say over almost all decommissioning matters.last_img read more

Green Mountain College ranked #2 by Sierra Magazine for sustainability in academics

first_imgVermont Business Magazine Sierra magazine, the official publication of the Sierra Club, has released its ninth annual “Cool Schools” ranking of America’s greenest colleges and universities. The 2015 edition announced that Green Mountain College ranked twelfth in the nation overall. In addition, Sierra gave GMC the second highest rating for academic programs relating to sustainability. This category considers the number of sustainability courses, sustainability learning outcomes, sustainability-related majors, and sustainability literacy assessment.Sierra’s “Cool Schools” list annually recognizes colleges and universities that are creating tangible change in all categories of greenness—from what’s served in dining halls to what’s taught in lecture halls to what’s powering the dorms. This was the sixth consecutive year that GMC finished among the top 15 on Sierra’s list. TheUniversity of California, Irvine (ranked #1 this year) is the only other school besides GMC to finish among the top 15 schools since 2010.”We’re so inspired to see how colleges are taking the lead on addressing climate change,” said Avital Andrews,Sierra magazine’s lifestyle editor.”Green Mountain’s strategic plan, Sustainability 2020, keeps us on the cutting edge of sustainability in academic programs and operations,” said Aaron Witham, Green Mountain College’s sustainability director. “We continue to strive toward authentic sustainability by fulfilling the important national student campaigns like banning the sale of bottled water and divesting from fossil fuels.”GMC is the first college in the nation to achieve climate neutrality through campus-wide efficiency, adoption of clean energy, and purchase of local carbon offsets. In 2010 the College opened a $5.8 million combined heat and power (CHP) biomass plant to heat its campus buildings by using green woodchips, a sustainable and renewable local fuel source. In 2015, the College’s board of trustees completed divestment from 200 publicly traded companies which hold most of the world’s known coal, oil and gas reserves. Sierra’s complete 2015 rankings are available at is external). To learn more about whatGreen Mountain College is doing to make its campus more sustainable, visit the College’s sustainability website at is external). Green Mountain College was founded in 1834 and takes environmental, social and economic sustainability as the organizing principal of its curriculum for undergraduate and graduate programs.SOURCE POULTNEY, Vt., Aug. 11, 2015 /PRNewswire-USNewswire/ — Green Mountain Collegelast_img read more

UVM Study: Methane from fracking sites can flow to abandoned wells

first_imgUniversity of Vermont,Vermont Business Magazine As debate roils over EPA regulations proposed this month limiting the release of the potent greenhouse gas methane during fracking operations, a new University of Vermont study funded by the National Science Foundation shows that abandoned oil and gas wells near fracking sites can be conduits for methane escape not currently being measured. The study, published in Water Resources Research on Oct. 20, demonstrates that fractures in surrounding rock produced by the hydraulic fracturing process are able to connect to preexisting, abandoned oil and gas wells, common in fracking areas, which in turn can provide a pathway to the surface for methane.A recent paper published in the Proceedings of the National Academies of Science showed that methane release measured at abandoned wells near fracking sites can be significant but did not investigate the source of the gas.”Our paper shows that fracking sites don’t exist in isolation; they’re part of a system that includes a network of abandoned wells that can effectively pipeline methane to the surface,” said the new paper’s lead author, James Montague, an environmental engineering doctoral student at the University of Vermont, who co-wrote the paper with George Pinder, professor of environmental engineering at the university.The study focused on an area in New York State underlain by the Marcellus Shale Formation, which had been fracked until a ban went into effect in the state in the summer of 2015.The formation, composed of layers of shale and hydrocarbons, is beneath land that has been the site of conventional oil and gas drilling since the 1880s, when American oil companies first began operating.About 40,000 existing wells in New York, 30,000 of them located within the footprint of the Marcellus formation, are documented by the state’s Department of Environmental Conservation. But the department estimates that 70,000 wells in all have been drilled.Because the location of so many wells is not known — a common phenomenon in many regions where fracking takes place — the study uses a mathematical model to predict the likelihood that the hydraulically induced fractures of a randomly placed new well would connect to an existing wellbore.The model put the probability that new fracking-induced fractures in the Marcellus formation would connect to an existing well bore at between .03 percent and 3 percent.But industry-sponsored information made public since the paper was published vastly increased assumptions about the area impacted by a set of six to eight fracking wells known as a well pad to two square miles — increasing the probabilities cited in the paper by a factor of 10 or more.While all fracking sites are different, most have a similar enough hydrocarbon profile that they attracted conventional oil and gas drilling in the past and most, like the Marcellus, have a large number of abandoned wells, many with unknown locations. Not all abandoned wells provide a pathway to surface for methane. Only those that are damaged, largely when the concrete that buffers the well from the surrounding earth loses integrity, can act as a conduit.But even a small percentage of damaged wellbores, given the large number of abandoned wells, can potentially pose an environmental risk, Pinder said. Source: UVM. 10.21.2015last_img read more

Call for nominations: Vermont State Colleges 2016 Award for Extraordinary Contribution

first_imgVermont State Colleges,Vermont Business Magazine In recognition of the exceptional leaders who have built and sustained the Vermont State Colleges (VSC) since 1961, the Board of Trustees will confer its first Award for Extraordinary Contribution as part of the new Vermont State Colleges Hall of Fame. This awardee will be inducted to the Hall of Fame along with five accomplished alumni from each of the member colleges. The Vermont State Colleges Hall of Fame will highlight the accomplishments of the VSC’s many talented alumni and shine a spotlight on the positive impact the VSC has on the economic, intellectual, and civic wellbeing of Vermont. The winner of the Award for Extraordinary Contribution and the five alumni inductees will be recognized at the Vermont State Colleges Hall of Fame celebration on March 9, 2016 at the Capitol Plaza in Montpelier. Proceeds from the event will fund scholarships for Vermont students.The Board invites nominations from the public for a person or organization that has made a significant and positive impact on the Vermont State Colleges system. We seek nominees whose accomplishments are a reflection of the ideals of the Vermont State Colleges institutions and the system; who have provided exemplary service to the State of Vermont; and/or whose outstanding work has made a significant, positive impact on the Vermont State Colleges system.How to submit a nomination:·         Nominations open November 1st and will be accepted until November 23rd.·         Choose “VSC Hall of Fame” at is external) to fill out a nomination form (direct link: is external))·         Nominations should include a statement of 500 words maximum explaining why the individual or organization should be chosen. ·         A resume or summary of the nominee’s work and community involvement should be submitted as well.·         Nominees for the Trustees award will be chosen by the Board at its December, 2015 meeting. For more information about the Award for Extraordinary Contribution and the VSC Alumni Hall of Fame, please choose “VSC Hall of Fame” at is external).Source: VSC. 10.30.2015last_img read more

State, SEC reveal complaints: Quiros, Stenger ‘looted’ $50 million

first_imgJay Peak CEO Bill Stenger speaks at the AnC Bio groundbreaking last May. Ariel Quiros is to the far left. Vermont Business Magazine photo.Vermont Business Magazine Calling it a “Ponzi-like” scheme, the US Securities and Exchange Commission, in a filing in US District Court, Southern District of Florida unsealed a blistering civil suit against the owners Jay Peak Resort and Q Burke Resort about noon today. The case was filed April 12. In part it says (see document below) that, “This is an emergency action the Commission is bringing to stop an ongoing, massive eight-year fraudulent scheme in which the Miami owner (Ariel Quiros) and the chief executive of a Vermont ski resort (Bill Stenger) have systematically looted more then $50 million of the more than $350 million that has been raised from hundreds of foreign investors throught the US Citizenship and Immigration Service’s EB-5 Immigrant Investor Program.RELATED STORIESState files suit alleging investor fraud at Jay Peak, Inc EB-5 ProjectsLeahy seeks to reform EB-5 program, eliminate gerrymanderingComments of Senator Patrick Leahy on state and federal EB-5 enforcement actions in VermontThe State of Vermont today, through Susan L Donegan, Commissioner of the Vermont Department of Financial Regulation, and Attorney General William H Sorrell, filed a Complaint(link is external) in Vermont Superior Court, Washington Unit, Civil Division, against Ariel Quiros, William Stenger and various Jay Peak related corporate and partnership entities. The State’s Complaint alleges violations of the anti-fraud provisions of the Vermont Uniform Securities Act and the unfair and deceptive practices provisions of the Vermont Consumer Protection Act. The Complaint seeks to protect the interests of current and future investors, and requests injunctive relief, appointment of a receiver, civil penalties, restitution, disgorgement, costs, and other appropriate relief.Click on documents below to see the two reports.last_img read more

Kids VT wins seven Parenting Media Association awards, gold for General Excellence

first_imgGold, News Feature for “Books Behind Bars” by Kathryn Flagg (March 2015) Silver, Front Cover Illustration “Need a Night Out?”In their explanation of why Kids VT stood out in the overall writing category, the PMA judges wrote: “When the managing editor leads off with a shame-faced account of her first failure as a new mother, you know this is a magazine that lives where its readers do. That sense of warmth and personality pervades each issue. This was a strong category, but those characteristics lifted the gold medal winner above other good writing.”This is the fifth year Kids VT has entered the competition after the magazine was purchased and redesigned by Burlington-based newsweekly Seven Days.“There are no syndicated columns or features in Kids VT, and no clickbait,” said Cathy Resmer, copublisher and executive editor. “Just articles, essays and reviews about family life in the Green Mountain State — each of them painstakingly crafted by local writers, editors and designers. We’re thrilled and grateful to be honored as one of the top parenting magazines in the country. And we feel lucky to live in Vermont, which is one of the best places in the country to raise a family.”The PMA, headquartered in Norwalk, Conn., represents more than 100 parenting magazines and newspapers in the United States, Canada and Australia. Kids VT is distributed free each month at more than 600 locations in northwestern and central Vermont. Its comprehensive calendar and weekly email newsletter, the Wee-Mail, keep Vermont families up-to-date on the latest local events. Kids VT writers also appear on WCAX-TV to discuss parenting topics. Find all of Kids VT’s award-winning content at is external).May 12, 2016 – Burlington – Kids VT Gold, Overall Writing — for the fifth year in a row Kids VT Family Newspaper,Seven Days,Vermont Business Magazine Kids VT, Vermont’s free monthly parenting magazine, took home the General Excellence award, as well as six other awards, in the Parenting Media Association’s 2016 Design and Editorial Awards Competition. The national competition recognizes excellence in journalism, photography and design in regional parenting publications that are PMA members. The PMA announced the honors at its convention in Indianapolis, IN.Kids VT won the following awards in its circulation category:Gold, General Excellence Silver, Family Fun for the “Mealtime” column by Erinn Simon Silver, General Feature Writing for “Got Milk?: Burlington based Mamava aims to make breastfeeding and pumping easier” by Megan James (May 2015) Silver, Personal Essay for “Into the Woods: A mother and teenage daughter bond on the Long Trail” by Jennifer Lane (November 2015)last_img read more

BMH receives workforce development grant

first_imgBrattleboro Memorial Hospital,Vermont Business Magazine The Vermont Department of Economic Development recently awarded Brattleboro Memorial Hospital (BMH) a $74,000 Workforce Development Grant. Funded through the Vermont Training Program, the grant will enable BMH to hire, train, and employ medical assistants and scribes for the hospital’s medical practices.Medical Assistants (MA’s) support clinicians by preparing patients for their exams, performing basic laboratory tests, and taking the patient’s medical history, among other clinical responsibilities. “Our practices faced a lack of MA’s to support our clinicians’ work,” explained Eilidh Pederson, Executive Director of BMH Medical Group. “This opportunity to hire and train additional clinical support will alleviate much of the administrative burden currently facing clinicians, allowing more time for hands-on patient care; not only increasing the number of patients seen each day, but also the satisfaction of both patient and clinician experience.”The grant dovetails with the recent collaboration of BMH with Community College of Vermont (CCV), an education model that fast-tracks students interested in healthcare by providing an opportunity to become a MA working in an outpatient practice. The 14-week program enables students to complete an accelerated Medical Assistant program and begin a career within BMH’s Medical Group practices.While the BMH/CCV partnership created the needed pipeline for BMH’s Medical Group, the grant will provide for the training of the enrolled MA’s.  As a majority of the students have not had previous medical training, they will require additional clinical instruction. Recent graduates will enroll in an extensive three month training program led by a registered nurse to enable them to work independently as a Medical Assistant. The training will include rotations throughout the various specialties of BMH’s twelve outpatient practices in order to learn how to operate specific equipment and navigate and document within electronic medical records.The grant will also fund further training opportunities for both incoming and existing MA’s to become Medical Scribes, a position that follows the new shadowing model of care in which a provider allows the scribe to participate in patient appointments. The Medical Scribe’s role is to assist with documentation of care, ordering of tests and labs, and prescribing medications during the visit under the direction of the clinician.Pederson noted, “This training will not only aid the retention and recruitment of clinicians, but also allow our practices to provide a higher quality of care for patients and ultimately lead to an increase in accessible care for Windham County.”Adam Grinold, Executive Director of the Brattleboro Development Credit Corporation (BDCC), agreed with Pederson, “We continue to see workforce development as the number one challenge for Vermont’s economic future. The BDCC is encouraged to have such pioneering institutions like Brattleboro Memorial Hospital and Community College of Vermont working collaboratively to address the workforce needs of Windham County. Public-Private partnerships such as this program with the Vermont Training Program, CCV, and BMH are key to ensuring our regional students have access to high-wage, high-growth employment opportunities.”Founded in 1904, Brattleboro Memorial Hospital (BMH) is a licensed, 61-bed, not-for-profit community hospital located in southeastern Vermont, serving a rural population of about 55,000 people in 22 towns in Vermont, New Hampshire, and Massachusetts. The BMH medical staff includes board-certified providers in primary care and many other specialties, with a shared mission of providing exceptional health care delivered with compassion and respect. The Brattleboro Memorial Hospital Health System includes the BMH Medical Group, a multispecialty group practice of primary care and specialty care physicians, nurse practitioners, and physician assistants. Over 110 active volunteers assist BMH’s 600 employees in caring for our community.Source: BMH. February 8, 2017 (Brattleboro, VT)last_img read more

Scott appoints Ellis and Kamman to DEC, Murphy named state librarian

first_imgVermont Business Magazine Governor Phil Scott today announced two appointments to the leadership team at the Agency of Natural Resource’s Department of Environmental Conservation (DEC), and appointed a state librarian within the Agency of Administration. Rebecca Ellis, senior counsel for Government Affairs with DEC has been appointed to the position of deputy commissioner and Neil Kamman, manager of DEC’s Monitoring, Assessment and Planning Program, has been promoted to the role of senior policy advisor in the Commissioner’s Office.“Vermont’s natural resources play a critical role in our economy, quality of life, and the health of all Vermonters,” said Scott. “Rebecca and Neil both bring valuable skills and a commitment to public service that will benefit the state, our environment, and all Vermonters.” “Protecting and enhancing Vermont’s natural resources and human health is a calling for the many dedicated members of the DEC team,” said DEC Commissioner Emily Boedecker. “I am delighted to welcome Rebecca and Neil to their new roles within the Department. We look forward to working in close collaboration with our government, municipal, business and advocacy partners to ensure that all Vermonters can enjoy clean water, clean air, and a safe environment.”Governor Scott also appointed Scott Murphy as state librarian. Murphy has served as acting state librarian since February 2017, and leads a team of 19 Department of Libraries staff that provide services to state government employees and legislators, public, school, and academic libraries, and direct services to Vermont residents.“Scott has demonstrated a commitment to serving Vermont throughout his career in state government,” said Gov. Scott. “His vision for helping libraries grow and thrive to support dynamic communities and a dedication to innovation within the system will serve Vermonters well.”“Scott’s focus has been on strategic planning, marketing, organizational development, advocacy, and helping public libraries here in Vermont,” said Agency of Administration Secretary Susanne Young. “His past work reflects recognition and support for the critical role our public libraries play in growing the economy, making Vermont more affordable and protecting the vulnerable. Vermonters are fortunate to have Scott working for them.” About Rebecca EllisFor the past two years, Ellis has worked as senior counsel for government affairs with DEC. Prior to that she served five years in the Vermont House of Representatives on the House Natural Resources and Energy Committee, and 14 years as an assistant attorney general for the state of Vermont, working on a variety of civil and environmental issues. Ellis has degrees from Harvard, Princeton and Georgetown.  A resident of Waterbury, Ellis served on the local select board for eight years and on the planning commission for five years.  As chair of the select board, she helped lead Waterbury’s recovery from Tropical Storm Irene in 2011, and is particularly proud of the collaborative process that focused on downtown growth and flood resiliency.About Neil KammanKamman has more than 28 years of experience in the field of watershed management, most recently as Manager of DECs Monitoring, Assessment and Planning Program. In this role, he has been integral to the implementation of Vermont’s 2015 Clean Water Act, refocusing DEC’s tactical basin planning efforts to prioritize projects with the highest pollution reduction potential. Kamman also coordinated development of the Vermont Surface Water Management Strategy, DEC’s blueprint for successful water pollution cleanup. Earlier in his career, he conducted scientific research regarding environmental mercury contamination, and the ecological health of lakes and streams.Kamman, a resident of Vergennes, holds a B.S. in Forestry, and an M.S. in Water Resources, both from the University of Vermont.About Scott MurphyMurphy has worked in public and academic libraries in Vermont, South Carolina, and Ohio, beginning his public library career as the circulation services manager at the Wright Memorial Library in Oakwood, Ohio. He went on to serve as director of the Milton Public Library in Milton, Vt. He served briefly as director of State Library Services for the Vermont Department of Libraries before moving to South Carolina, where he served as senior library development consultant for the South Carolina State Library. He most recently served as assistant state librarian for library advancement for the Vermont Department of Libraries.Murphy received his B.A. in History from the University of Dayton, an M.A. in History from Ohio University, and his M.L.I.S. from Kent State University. He resides in Northfield, Vt. with his wife, son, and two dogs.last_img read more