LOS ANGELES, CA – December 26, 2012 - - Medifast, Inc. (NYSE: MED) shares fell 12.98% to $25.56 in the early hour after the company’s acting chief financial officer and principal accounting officer, Edward Powers, plans to resign no later than Jan. 4 to pursue other interests. Medifast said in a filing with the U.S. Securities and Exchange Commission that it is continuing to conduct a national search for the financial chief position, and its director of finance-supply chain Joseph Kelleman will act as the chief financial officer on an interim basis, in addition to his current duties.
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Ampal-American Israel Corporation(NASDAQ: AMPL) stock dropped 9.77% to $2.40. The company, last month, announced that Israel Discount Bank Ltd. ("IDB") filed a motion today in the Tel Aviv District Court to enforce IDB's lien, foreclose on all the outstanding shares of Gadot Chemical Tankers and Terminals Ltd. ("Gadot"), an Israeli wholly owned indirect subsidiary of Ampal, and appoint a receiver for the Gadot shares on behalf of IDB. IDB obtained the lien on the Gadot shares.
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BOS Better OnLine Sol (USA) (NASDAQ: BOSC) shares declined 9.81% to $5.24 in the morning hour. The 52 week trading range for the company is $1.48 - $8.20. The shares of the company jumped 87% in the last one year. The company provides RFID (Radio-frequency identification) and supply chain solutions to global enterprises. The Company's RFID and mobile division offers both turnkey integration services as well as stand-alone products, including RFID and AIDC hardware and communications equipment, BOS middleware, and industry-specific software applications.
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Document Security Systems, Inc. (NYSEAMEX: DSS) stock fell 2.20% to $2.22. Lexington Technology Group, Inc.'s pending merger with Document Security Systems, remains on pace to close in the first half of 2013. The merger registration statement on Form S-4 has been filed and is in the review process with the SEC and the parties look forward to a shareholder vote in the spring of 2013. Both parties are encouraged by DSS's strong performance in the 4th quarter of 2012, underscoring the merits of a business model that combines DSS's stability as a robust technology company with the intellectual property management expertise of LTG's team.
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Peregrine Semiconductor Corp (NASDAQ: PSMI) stock dropped 3.70% to $14.55. The company announced that its Chief Executive Officer (CEO), Jim Cable, was chosen as " Most Admired CEO " in the category of large public companies, an honor bestowed annually by the San Diego Business Journal . More than 100 San Diego CEOs were nominated for the award, in the categories of Business Nonprofit, Nonprofit Organization, Public Companies, and Private Companies.
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