In the public domain from 2000 about COHO Energy quote:::: In addition to the modifications to the plan of reorganization the Company also announced that its President and Chief Executive Officer, Jeffrey Clarke, is expected to resign concurrently with the effectiveness of the Company's confirmed plan of reorganization. At that time, Mike McGovern, currently a Managing Director of Pembrook Capital Corporation and formerly the Chairman and Chief Executive Officer of Edisto Resources Corporation, is expected to be elected as the new President and Chief Executive Officer. The change in chief executive officer results from the request of the majority holders of the Company's 8 7/8% bonds and was not a decision taken by the current board of directors. The plan entails the issuance of more than a majority of the Company's stock to the bondholders. The confirmed plan, its effectiveness, and the concomitant change in the Company's management, is anticipated to occur on March 31. 2000 ends
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MAE Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
