Highest-materiality recent filing
Janel Corporation annual meeting: all directors elected, say-on-pay approved, 3-year frequency
All 8 director nominees elected with >827,000 votes for; broker non-votes zero.
Janel Corporation dismisses Prager Metis as auditor, engages Baker Tilly for FY2026
Dismissed Prager Metis CPAs, LLC as independent auditor effective December 30, 2025.
Janel Corp enters $59.1M senior credit facility, refinances existing debt
New facility includes $40M revolver, $6M term loan, $3.12M mortgage, up to $10M acquisition loans.
On Oct 14, 2025, Janel Corp closed the contribution of Janel Group LLC to Rubicon for 7M new shares, giving Janel Corp ~86.5% voting power.
Janel to transfer Janel Group LLC to Rubicon for 7M shares (86.5% stake) and $23M debt assumption
7,000,000 newly issued Rubicon shares transferred to Janel, giving Janel ~86.5% voting power.
Janel Corp sells logistics subsidiary to Rubicon for stock; to own 86.5% of Rubicon
Rubicon acquires Janel Group for 7M shares at $4.75/share plus assumption of ~$23M debt and $35M credit facility access.
Janel Corp appoints Nathan Shandy as CFO, Treasurer and Secretary effective Aug 2, 2025
Nathan Shandy, 37, appointed CFO, Treasurer and Secretary; prior CFO of Life Sciences segment and PwC assurance manager.
Janel Corp appoints Joseph R. Ferrara as CFO, Treasurer and Secretary effective Feb 15, 2024
Mr. Ferrara, 59, previously CFO of Rubicon Technology (Feb-Oct 2023) and spent 17 years at Louis Dreyfus Commodities.
Janel Corporation incoming CFO withdraws before start date
Edward S. Riley was appointed EVP and CFO effective August 28, 2023.
Janel Corp appoints Edward S. Riley as CFO; Vincent Verde steps down as principal financial officer
Edward S. Riley named EVP and CFO effective August 28, 2023; previously at IDEX Corporation.
Janel Corporation appoints Gregory B. Graves to Board
Appointed Gregory B. Graves to the Board effective May 31, 2023.
Janel Corp subsidiary enters $15.5M credit facility with First Merchants Bank
Total facilities: $3M revolver, $5M acquisition loan, $6.905M Term A, $0.62M Term B.
Janel Corp announces CEO and Board changes: Schulte resigns, Seirer appointed CEO and Chairman
Dominique Schulte resigned as President, CEO, and director, effective Jan 1, 2023; remains as advisor.
Janel acquires 44.99% of Rubicon Technology for $22.2M; pro forma financials filed
Acquired 1,108,000 shares (44.99% stake) of Rubicon at $20/share for $22.16M.
Janel acquires 44.99% stake in Rubicon Technology for $22.2M
Acquired 1,108,000 shares of Rubicon at $20.00 per share, total $22.16M, representing 44.99% of outstanding shares.
Janel Corp issues 88,888 shares at $45 in private placement for ~$4M
Issued 88,888 shares of common stock on Aug 10, 2022 at $45 per share.
Janel Corp amends credit facility, adds $12M bridge loan for Rubicon tender offer
Increased revolving credit facility from $31.5M to $35M; new $12M bridge term loan for Rubicon acquisition.
Janel Corporation launches tender offer for up to 45% of Rubicon Technology at $20/share
Tender offer for up to 45% of Rubicon common stock at $20.00 per share, subject to Minimum Condition of 35% tender.
Janel Corp amends credit facility, repurchases Series C preferred, withdraws Series B preferred
Amended Santander loan: revolver raised from $30M to $31.5M; interest benchmark switched from LIBOR to SOFR.
Janel acquires ELFS; 2020 revenue $68.9M, net income $2.93M; H1 2021 net income $1.99M
Audited 2020: service revenue $68.9M (down 16% from $81.5M in 2019), net income $2.93M (up 87% from $1.56M).
Janel Corp raises $600K via Series C preferred to related party; appoints new director
Sold 1,200 shares of Series C Cumulative Preferred at $500/share to Oaxaca Group LLC for $600,000 total.
Janel acquires Expedited Logistics for $19M; raises credit line to $30M
Acquired 100% of ELFS for $19M; paid $13M cash and $6M in subordinated promissory notes at close.
Janel Corporation receives full forgiveness of $2.7M PPP loan from SBA
SBA approved full forgiveness of $2,725,893 PPP loan from Santander Bank, N.A.
On February 14, 2024, the Board of Directors (the “Board”) of Janel Corporation (the “Company”) appointed Joseph R. Ferrara, age 59, as Chief Financial Officer, Treasurer and Secretary of the Company, effective as of February 15, 2024 (the “Effective Date”).
On August 18, 2023, Mr. Riley notified the Company that he will no longer be joining the Company.
Vincent A. Verde, who has served with distinction as the Company’s principal financial officer and principal accounting officer since 2018, tendered his resignation as the Principal Financial Officer of the Company, effective as of the Effective Date.
appointed Gregory B. Graves, to the Board of the Company, effective May 31, 2023.
Ms. Schulte also resigned as President and Chief Executive Officer ("CEO") of the Company, effective January 1, 2023.
appointed Mr. Seirer to serve as president and CEO of the Company, effective January 1, 2023.
the Board appointed Mr. Eidinger to serve as the Vice Chairman of the Board and to serve on the Board’s Nominating and Corporate Governance Committee, effective January 1, 2023.
On January 1, 2023, Dominique Schulte and Brendan J. Killackey resigned from the Board of Directors (the "Board") of Janel Corporation (the "Company"), effective January 1, 2023.
On October 1, 2021, the Board of the Company, upon the recommendation of its Nominating and Corporate Governance Committee, appointed Karen Miller Ryan, also known professionally as Karen Padgett, to the Board of Directors of the Company, effective October 1, 2021.
Max materiality 0.85 · Median 0.60 · Most common event m_and_a