The Aristotle (MM) (NASDAQ:ARTLP)
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The Aristotle Corporation (NASDAQ: ARTL; ARTLP)
announced today that it has declared semi-annual cash dividends of
$.33 and $.36 per share, respectively, on its outstanding shares of
Series I Preferred Stock and Series J Preferred Stock. The dividends
are payable on September 30, 2005, to holders of record on September
15, 2005. Dividends are payable on Aristotle's Preferred Stock on
March 31 and September 30, if and when declared by Aristotle's Board
of Directors.
About Aristotle
The Aristotle Corporation, founded in 1986, and headquartered in
Stamford, CT, is a leading manufacturer and global distributor of
educational, health, medical technology and agricultural products. A
selection of over 80,000 items is offered, primarily through more than
45 separate catalogs carrying the brand of Nasco (founded in 1941), as
well as those bearing the brands of Life/Form(R), Whirl-Pak(R),
Simulaids, Triarco, Spectrum Educational Supplies, Hubbard Scientific,
Scott Resources, Haan Crafts, To-Sew, CPR Prompt(R), Ginsberg
Scientific and Summit Learning. Products include educational materials
and supplies for substantially all K-12 curricula, molded plastics,
biological materials, medical simulators and items for the
agricultural, senior care and food industries. Aristotle has
approximately 800 employees at its operations in Fort Atkinson, WI,
Modesto, CA, Fort Collins, CO, Plymouth, MN, Woodstock, NY, Chippewa
Falls, WI, Otterbein, IN and Newmarket, Ontario, Canada.
There are approximately 17.2 million shares outstanding of
Aristotle common stock (NASDAQ: ARTL) and approximately 1.1 million
shares outstanding of 11%, cumulative, convertible, voting, Series I
preferred stock (NASDAQ: ARTLP); there are also approximately 11.0
million privately-held shares outstanding of 12%, cumulative,
non-convertible, non-voting shares of Series J preferred stock.
Aristotle has about 4,000 stockholders of record.
Further information about Aristotle can be obtained on its
website, at www.aristotlecorp.net.
Safe Harbor under the Private Securities Litigation Reform Act of
1995
To the extent that any of the statements contained in this release
are forward-looking, such statements are based on current expectations
that involve a number of uncertainties and risks that could cause
actual results to differ materially from those projected or suggested
in such forward-looking statements. Aristotle cautions investors that
there can be no assurance that actual results or business conditions
will not differ materially from those projected or suggested in such
forward-looking statements as a result of various factors, including,
but not limited to, the following: (i) the ability of Aristotle to
obtain financing and additional capital to fund its business strategy
on acceptable terms, if at all; (ii) the ability of Aristotle on a
timely basis to find, prudently negotiate and consummate additional
acquisitions; (iii) the ability of Aristotle to manage any to-be
acquired businesses; (iv) there is not an active trading market for
Aristotle's securities and the stock prices thereof are highly
volatile, due in part to the relatively small percentage of
Aristotle's securities which is not held by Aristotle's majority
stockholder and members of Aristotle's Board of Directors and/or
management; (v) the ability of Aristotle to retain and utilize its
Federal net operating tax loss carryforward position; and (vi) other
factors identified in Item 7, Management's Discussion and Analysis of
Financial Condition and Results of Operations, "Forward-Looking
Statements," contained in Aristotle's Annual Report on Form 10-K for
the year ended December 31, 2004. As a result, Aristotle's future
development efforts involve a high degree of risk. For further
information, please see Aristotle's filings with the Securities and
Exchange Commission, including its Forms 10-K, 10-Q and 8-K.