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| 2013 Press Releases
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| Date | Title | | | 05/01/2013 | Walter Energy Announces First Quarter 2013 Results| Company Reports 9% Increase in Met Coal Sales Volumes Compared to
the Fourth Quarter of 2012
Adjusted EBITDA Improves to $32.0 Million
Improved Operating Performance Reflects a 12% Sequential Increase
in Met Coal Production Volumes and a 12% Reduction in Met Coal Cash Cost
of Sales per Ton
Recent Debt Offering Enhances Liquidity and Extends Debt Maturities
BIRMINGHAM, Ala.--(BUSINESS WIRE)--May. 1, 2013--
Walter ... |
|  | | 04/25/2013 | Walter Energy’s Board of Directors Declares Quarterly Dividend| BIRMINGHAM, Ala.--(BUSINESS WIRE)--Apr. 25, 2013--
Walter Energy Inc. (NYSE: WLT) (TSX: WLT), a leading, publicly traded
"pure-play" producer of metallurgical coal for the global steel
industry, today announced that its Board of Directors has declared a
regular quarterly dividend of $0.125 per common share payable on June 7,
2013, to shareholders of record as of the close of business on May 10,
2013.
About Walter Energy
Walt... |
|  | | 04/25/2013 | Preliminary Results Indicate All Company Nominees Elected to Walter Energy Board| BIRMINGHAM, Ala.--(BUSINESS WIRE)--Apr. 25, 2013--
Walter Energy, Inc. (NYSE: WLT) (TSX: WLT) announced today that
preliminary results provided by the Company’s proxy solicitor indicate
that shareholders have elected all of the Company’s nominees to the
Board of Directors at the Company’s annual meeting by a wide margin and
have rejected all five of Audley Capital’s nominees.
Walter Energy Chairman Michael T. Tokarz and CEO and Director Walter J.... |
|  | | 04/24/2013 | Walter Energy Announces Date of First Quarter 2013 Earnings Conference Call Webcast| BIRMINGHAM, Ala.--(BUSINESS WIRE)--Apr. 24, 2013--
Walter Energy, Inc. (NYSE: WLT) (TSX: WLT) today announced that in
conjunction with the release of its first quarter 2013 earnings results
after the market closes on Wednesday, May 1, 2013, it will conduct a
conference call with institutional investors and analysts to be
broadcast live over the Internet.
What:
... |
|  | | 04/19/2013 | Walter Energy Urges Shareholders to Vote for ALL TEN Board Nominees| Emphasizes Improved Company Prospects, Strong Liquidity Position, and
No Need for Incremental Funding
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Apr. 19, 2013--
Walter Energy, Inc. (NYSE: WLT) (TSX: WLT) today released the following
open letter to shareholders:
Dear Fellow Walter Energy Shareholders:
We have spoken with many of you personally over the past months, and we
want to thank you for your constructive insights and feedback. We... |
|  | | 04/15/2013 | ISS Recommends Shareholders Vote for All Walter Energy Nominees on the White Proxy Card| Nation’s Two Leading Independent Proxy Voting Advisory Services
Reject All of Audley Capital’s Director Nominees
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Apr. 15, 2013--
Walter Energy, Inc. (NYSE: WLT) (TSX: WLT) today announced that ISS, the
nation’s leading independent proxy voting advisory service, has
recommended that Walter Energy shareholders vote on the WHITE proxy card
FOR all ten of the individuals nominated by the Company’s Board of
Direct... |
|  | | 04/12/2013 | Glass Lewis Endorses All Walter Energy Nominees to Board; Rejects Audley Capital’s Slate| BIRMINGHAM, Ala.--(BUSINESS WIRE)--Apr. 12, 2013--
Walter Energy, Inc. (NYSE: WLT) (TSX: WLT) today announced that Glass
Lewis has recommended that Walter Energy shareholders vote on the WHITE
proxy card FOR all ten of the individuals nominated by the Company's
Board of Directors for election to the Board at the Company's Annual
Meeting of Shareholders on April 25, 2013. Glass Lewis is a leading
proxy voting advisory service whose recommendations are con... |
|  | | 04/11/2013 | Walter Energy Provides Preliminary First Quarter 2013 Operating Results| BIRMINGHAM, Ala.--(BUSINESS WIRE)--Apr. 11, 2013--
Walter Energy, Inc. (NYSE: WLT) (TSX: WLT) today said that performance
for the first quarter 2013 has improved compared with fourth quarter
2012, driven largely by increased metallurgical coal sales volume and
pricing, increased production and lower costs.
“Improvements across our operations over the past several months reflect
the success of our ongoing initiatives,” said Walt Scheller, Chief
... |
|  | | 04/05/2013 | Walter Energy Files Investor Presentation with the SEC| BIRMINGHAM, Ala.--(BUSINESS WIRE)--Apr. 5, 2013--
Walter Energy, Inc. (NYSE: WLT) (TSX: WLT) today filed a presentation
with the Securities and Exchange Commission that it used in a meeting
with the proxy advisory service Institutional Shareholder Services Inc.
and will be using with Walter Energy shareholders in advance of its
Annual Meeting to be held on April 25, 2013.
The presentation discusses in detail the Company’s track record of
i... |
|  | | 04/04/2013 | Walter Energy Highlights Significant Progress on Plan to Deliver Value to Shareholders| Says Audley Capital plan inferior, value destructive, and not in the
interests of Walter Energy shareholders
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Apr. 4, 2013--
Walter Energy, Inc. (NYSE: WLT) (TSX: WLT) today sent a letter to
investors highlighting the substantial steps underway to drive
performance and the Company’s concerns that the election of Audley
Capital’s director nominees would destroy shareholder value.
“Your leadership team h... |
|  | | 03/27/2013 | Walter Energy Provides Update on Production Curtailment at Willow Creek Mine| BIRMINGHAM, Ala.--(BUSINESS WIRE)--Mar. 27, 2013--
Walter J. Scheller III, Chief Executive Officer of Walter Energy, Inc.
(NYSE: WLT) (TSX: WLT), today provided an update on the Company’s
decision to curtail production at its Willow Creek mine.
“Over the past 18 months, since I became CEO, one of my key priorities
has been aggressive operational management,” Mr. Scheller said. “While
it is never easy to curtail operations at a facility, our commi... |
|  | | 03/27/2013 | Walter Energy Announces Closing of $450 Million Senior Notes Offering| BIRMINGHAM, Ala.--(BUSINESS WIRE)--Mar. 27, 2013--
Walter Energy Inc. (“Walter Energy”) (NYSE: WLT) (TSX: WLT) today
announced the closing of its previously announced private offering of
$450 million aggregate principal amount of its 8.500% senior notes due
2021 (the “Notes”). The Notes will be guaranteed by each of Walter
Energy’s current and future direct and indirect wholly-owned domestic
restricted subsidiaries that from time to time guarantees any o... |
|  | | 03/25/2013 | Walter Energy Cites “Serious Omissions” in Audley Capital Proxy Statement| Emphasizes Ongoing Board and Management Focus on Enhancing
Shareholder Value In Letter to Shareholders
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Mar. 25, 2013--
Walter Energy, Inc. (NYSE: WLT) (TSX: WLT) today issued a letter to its
shareholders raising serious concerns about Audley Capital’s slate of
nominees and highlighting the steps underway by the Company’s Board and
new management team to increase shareholder value.
The letter f... |
|  | | 03/22/2013 | Walter Energy Prices $450 Million Private Offering of Senior Notes|
BIRMINGHAM, Ala., March 22, 2013 /PRNewswire/ -- Walter Energy Inc. ("Walter Energy") (NYSE: WLT) (TSX: WLT) today announced that it has increased the size of its previously announced offering of $350 million aggregate principal amount of senior notes due 2021 to $450 million with a coupon of 8.500% per annum (the "Notes"). Walter Energy will pay interest on the Notes on April 15 and October 15 of each year, beginning on October 15, 2013. The Notes will be guaranteed by each of Walter Energy... |
|  | | 03/22/2013 | Walter Energy Commences $350 Million Private Offering of Senior Notes|
BIRMINGHAM, Ala., March 22, 2013 /PRNewswire/ -- Walter Energy Inc. ("Walter Energy") (NYSE: WLT) (TSX: WLT) today announced that it has commenced a private offering of $350 million aggregate principal amount of senior notes due 2021 (the "Notes"). The Notes will be guaranteed by each of Walter Energy's current and future direct and indirect wholly-owned domestic restricted subsidiaries that from time to time guarantees any of Walter Energy's indebtedness or any indebtedness of any of Walte... |
|  | | 03/11/2013 | Walter Energy Outlines Progress on Business Plan and Value Creation Initiatives in Letter to Shareholders| Begins Mailing Proxy Statement for April 25th Annual Meeting
BIRMINGHAM, AL -- (MARKETWIRE) -- 03/11/13 --
Walter Energy Inc. (NYSE: WLT) (TSX: WLT) today began mailing the proxy statement for its Annual Meeting of Shareholders scheduled for April 25, 2013. In addition, Michael T. Tokarz, Chairman of the Board, and Walter J. Scheller, III, Chief Executive Officer and Director, sent a letter to all Walter Energy shareholders outlining progress made in executing the Company's strategy to achiev... |
|  | | 02/20/2013 | Walter Energy Announces Fourth Quarter and Full Year 2012 Results| BIRMINGHAM, AL -- (MARKETWIRE) -- 02/20/13 --
Walter Energy Inc. (NYSE: WLT) (TSX: WLT), the world's leading, publicly traded "pure-play" producer of metallurgical (met) coal for the global steel industry, today announced results for the fourth quarter ended December 31, 2012 that reflect cost control initiatives, aggressive production management and disciplined capital spending, in light of significantly lower global pricing levels.
Revenues were $479 million in the fourth quarter of 2012, ... |
|  | | 02/19/2013 | Walter Energy Responds to Audley Capital's Notice of Intent to Nominate Director Candidates| BIRMINGHAM, AL -- (MARKETWIRE) -- 02/19/13 --
Walter Energy Inc. (NYSE: WLT) (TSX: WLT), (the Company) today confirmed that Audley European Opportunities Fund, Ltd, an affiliate of hedge fund Audley Capital Advisors LLP (Audley), sought to advise the Company of its intent to nominate a slate of five director candidates to stand for election at the Company's 2013 Annual Shareholders Meeting.
Audley has not communicated with the Company about its proposed slate of directors outside of its notic... |
|  | | 02/19/2013 | Howard Clark Retires From Walter Energy's Board| BIRMINGHAM, AL -- (MARKETWIRE) -- 02/19/13 --
Walter Energy (NYSE: WLT) (TSX: WLT), the world's leading, publicly traded "pure-play" producer of metallurgical coal for the global steel industry, announced that long-time independent director Howard Clark, Jr., retired, effective yesterday.
"On behalf of our entire Board, I would like to extend our deep gratitude to Howard Clark, whose wisdom and insight have been invaluable resources over his nearly 19 years as an independent director," said M... |
|  | | 02/19/2013 | Nina Henderson Joins Walter Energy's Board| BIRMINGHAM, AL -- (MARKETWIRE) -- 02/19/13 --
Walter Energy (NYSE: WLT) (TSX: WLT), the world's leading, publicly traded "pure-play" producer of metallurgical coal for the global steel industry, announced the election of Mary R. "Nina" Henderson to the Board as an independent director, effective today.
"We look forward to the new perspective Nina will bring to Walter Energy," said Michael T. Tokarz, Non-Executive Chairman of Walter Energy. "Nina has over three decades of global management ex... |
|  | | 01/31/2013 | Walter Energy's Board of Directors Declares Quarterly Dividend| BIRMINGHAM, AL -- (MARKETWIRE) -- 01/31/13 --
Walter Energy Inc. (NYSE: WLT) (TSX: WLT), the world's leading, publicly traded "pure-play" producer of metallurgical coal for the global steel industry, today announced that its Board of Directors has declared a regular quarterly dividend of $0.125 per common share payable on March 12, 2013, to shareholders of record as of the close of business on February 20, 2013.
About Walter Energy
Walter Energy is the world's leading, publicly traded "pur... |
|  | | 01/22/2013 | Walter Energy Announces Date of Fourth Quarter and Full Year 2012 Earnings Conference Call Webcast and Comments on Preliminary Fourth Quarter 2012 Results| BIRMINGHAM, AL -- (MARKETWIRE) -- 01/22/13 --
Walter Energy Inc. (NYSE: WLT) (TSX: WLT), the world's leading, publicly traded "pure-play" producer of metallurgical (met) coal for the global steel industry, today provided comments on its preliminary fourth quarter 2012 results and announced that it will release its fourth quarter and full year 2012 earnings results after the market closes on Wednesday, February 20, 2013, and will conduct a conference call to be broadcast live via the Internet o... |
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