Saturday, October 7, 2017

Wal-Mart Stores, Inc. Announces Cash Tender Offer for Certain of its Outstanding Debt Securities

Press Release

BENTONVILLE, Ark.--()--Wal-Mart Stores, Inc. (NYSE: WMT) (“Walmart,” the “Company,” “we” or “us”) announced today that it has commenced a cash tender offer for up to $8,500,000,000 aggregate purchase price, including principal, premium and the Early Participation Amount (as defined below), but excluding Accrued Interest (as defined below) (the “Maximum Amount”), of the debt securities listed in Table I below (collectively, the “Securities”) (such offer to purchase, the “Tender Offer”), plus accrued and unpaid interest on the applicable series of Securities from, and including, the most recent interest payment date for such series of Securities prior to the applicable Payment Date (as defined below) to, but not including, the applicable Payment Date (“Accrued Interest”). The Maximum Amount will not be subject to amendment by Walmart.
The Tender Offer is made upon the terms and subject to the conditions set forth in the Offer to Purchase dated October 6, 2017 (as it may be amended or supplemented from time to time, the “Offer to Purchase”) and in the related Letter of Transmittal (as it may be amended or supplemented from time to time, the “Letter of Transmittal” and, together with the Offer to Purchase, the “Offer Documents”).
Capitalized terms used in this announcement but not defined have the meanings given to them in the Offer to Purchase.

(1) Per $1,000 principal amount of Securities.
(2) The Total Consideration payable for each series of Securities includes the Early Participation Amount and will be a price per $1,000 principal amount of such series of Securities validly tendered in the Tender Offer at or prior to the Early Participation Date for the Tender Offer and accepted for purchase by us and is calculated using the applicable Fixed Spread. Holders whose Securities are accepted will also receive Accrued Interest on such Securities. The Hypothetical Total Consideration shown in this table assumes settlement on the expected Early Payment Date and the Reference Yield measured at 10:00 a.m., New York City time, on October 6, 2017, as determined by the Pricing Joint Lead Dealer-Managers (as defined below) (see Schedule B to the Offer to Purchase).
(3) For such series of Securities, the calculation of the applicable Total Consideration will be performed taking into account the par call date. See Schedule A to the Offer to Purchase for an overview of the calculation of the Total Consideration (including the par call detail).
Rationale for the Tender Offer
We are making the Tender Offer to purchase certain outstanding debt securities issued by Walmart to reduce our interest expense. Securities that are accepted in the Tender Offer will be purchased, retired and canceled by Walmart and will no longer remain outstanding obligations of Walmart.
“As we did with the transaction we completed in July, this Tender Offer allows us to take advantage of the favorable interest rate environment and reduce our interest expense prospectively. We expect to record a charge for this discrete item upon completion of this Tender Offer just as we did for the July transaction,” said Brett Biggs, Executive Vice President and Chief Financial Officer.
Details of the Tender Offer
The Tender Offer will expire at 11:59 p.m., New York City time, on November 3, 2017, unless such deadline is extended or, subject to applicable law, the Tender Offer is earlier terminated by the Company (such date and time, as the same may be extended, the “Expiration Date”). Securities tendered at or prior to the applicable Early Participation Date (as defined below) may be withdrawn at any time at or prior to 5:00 p.m., New York City time, on October 20, 2017, unless that deadline for withdrawal is extended by the Company in its sole and absolute discretion (such date and time, as the same may be extended, the “Withdrawal Date”), but not thereafter unless otherwise required by applicable law.
The Company will accept for payment, and thereby purchase, all Securities validly tendered (and not subsequently validly withdrawn) pursuant to the Tender Offer at or prior to the Expiration Date, subject to the Maximum Amount and based on the acceptance priority levels set forth in Table I above (the “Acceptance Priority Levels”), and subject to proration (if applicable), provided that Securities tendered at or prior to the Early Participation Date will be accepted for purchase in priority to Securities tendered after the Early Participation Date, but at or prior to the Expiration Date, regardless of the priority of the series of such later tendered Securities.
Holders of Securities that are validly tendered at or prior to 5:00 p.m., New York City time, on October 20, 2017, unless extended by the Company in its sole and absolute discretion (such date and time, as the same may be extended, the “Early Participation Date”), and not subsequently validly withdrawn, and accepted for purchase by the Company will receive the applicable Total Consideration (as defined below) for their Securities, together with any Accrued Interest. The Total Consideration payable for each series of Securities includes the early participation amount applicable to such series of Securities, as set forth in Table I above (the “Early Participation Amount”). Holders validly tendering their Securities after the Early Participation Date, but at or prior to the Expiration Date, will only be eligible to receive the applicable “Tender Offer Consideration,” which is an amount equal to the applicable Total Consideration less the Early Participation Amount. Holders will also be paid any Accrued Interest in respect of their Securities purchased in the Tender Offer.
The Tender Offer is subject to certain conditions, including the condition that Walmart have on the Early Payment Date funds, from one or more sources reasonably satisfactory to Walmart, in an amount equal to the Maximum Amount plus the Accrued Interest payable in the Tender Offer. Subject to the Company’s right to terminate the Tender Offer, as described below, and subject to the Maximum Amount and based on the Acceptance Priority Levels and proration, the Company will purchase in the Tender Offer (i) the Securities that have been validly tendered (and not subsequently validly withdrawn) in the Tender Offer at or prior to the Early Participation Date, subject to all conditions to the Tender Offer having been satisfied or waived by the Company, promptly following such Early Participation Date (the date of such purchase, which is expected to be October 24, 2017, the second business day following the Early Participation Date, the “Early Payment Date”), and (ii) to the extent that Securities are purchased in the Tender Offer on the Early Payment Date for an aggregate purchase price that is less than the Maximum Amount, the Securities that have been validly tendered after the Early Participation Date, but at or prior to the Expiration Date, subject to all conditions to the Tender Offer having been satisfied or waived by the Company, promptly following the Expiration Date (the date of such purchase, which is expected to be November 6, 2017, the first business day following the Expiration Date, the “Final Payment Date,” and together with the Early Payment Date, each a “Payment Date”). If, on the applicable Early Payment Date, Securities are purchased in the Tender Offer for an aggregate purchase price that is equal to the Maximum Amount for the Tender Offer, no additional Securities will be purchased in the Tender Offer, and there will be no Final Payment Date.
The “Total Consideration” payable for each series of Securities will be a price per $1,000 principal amount of such series of Securities validly tendered at or prior to the Early Participation Date, and accepted for purchase by the Company (subject to the Maximum Amount, the Acceptance Priority Levels and to proration, if any) equal to an amount, calculated in accordance with Schedule A to the Offer to Purchase that would reflect, as of the Early Payment Date, a yield to the applicable maturity date or par call date (as applicable) of such series of Securities equal to the sum of (i) the Reference Yield (as defined below) of the applicable Reference Security (as defined below) for such series of Securities, determined at 10:00 a.m. (New York City time) on October 23, 2017 (as such date may be extended by us, the “Reference Yield Determination Date”), by the Pricing Joint Lead Dealer-Managers, plus (ii) the fixed spread applicable to such series of Securities, as set forth in Table I above (the “Fixed Spread”), in each case, excluding Accrued Interest. The applicable Total Consideration includes the Early Participation Amount. The “Reference Yield” means, with respect to each series of Securities, the yield of the applicable reference security listed in Table I above (the “Reference Security”) based on the bid side price of the applicable Reference Security for such series as displayed on the applicable reference page set forth in Table I above as of the Reference Yield Determination Date.
For further details about the procedures about tendering the Securities, please refer to the Offer Documents, including the procedures set out under the heading “The Tender Offer—Procedures for Tendering Securities” in the Offer to Purchase.
Indicative Timetable for Each Tender Offer
Calendar Date and Time
Commencement October 6, 2017
Early Participation Date 5:00 p.m., New York City time, on October 20, 2017, unless extended by the Company in its sole and absolute discretion.
Withdrawal Date 5:00 p.m., New York City time, on October 20, 2017, unless extended by the Company in its sole and absolute discretion.
Announcement of Results of Early Participation
As soon as reasonably practicable after the Early Participation Date.
Reference Yield Determination Date 10:00 a.m., New York City time, on October 23, 2017, unless extended by the Company in its sole and absolute discretion.
Early Payment Date Promptly following the Early Participation Date (expected to be on or about October 24, 2017), subject to the satisfaction or waiver of the conditions to the Tender Offer.
Expiration Date 11:59 p.m., New York City time, on November 3, 2017, unless, extended by the Company or, subject to applicable law, the Tender Offer is earlier terminated by the Company, in each case, in its sole and absolute discretion.
Final Payment Date Promptly following the Expiration Date (expected to be on or about November 6, 2017), subject to the satisfaction or waiver of the conditions to the Tender Offer and assuming additional Securities may be purchased in the Tender Offer on such date without the Maximum Amount being exceeded.
The Company reserves the right, in its sole discretion, not to accept any tendered Securities, not to purchase any Securities and to extend, re-open, withdraw or terminate the Tender Offer and to amend or waive any of the terms and conditions of the Tender Offer in any manner, subject to applicable law. The Tender Offer is not conditioned on any minimum amount of Securities being tendered in the Tender Offer.
Holders are advised to check with any bank, securities broker or other intermediary through which they hold the Securities when such intermediary would require to receive instructions from a holder in order for that the holder to be able to participate in the Tender Offer before the deadlines specified above. The deadlines set by any such intermediary and The Depository Trust Company (“DTC”) for the tender of Securities will be earlier than the relevant deadlines specified above.
Copies of all announcements, press releases and notices can also be obtained from the Information Agent, the contact details for whom are set out below. Significant delays may be experienced where notices are delivered to DTC and holders are urged to contact the Information Agent for the relevant announcements relating to the Tender Offer.
Holders are advised to read carefully the Offer Documents for full details of and information on the procedures for participating in the Tender Offer.
Credit Suisse Securities (USA) LLC (“Credit Suisse”), Goldman Sachs & Co. LLC (“Goldman Sachs”), Wells Fargo Securities, LLC (“Wells Fargo Securities” and, together with Credit Suisse and Goldman Sachs, the “Pricing Joint Lead Dealer-Managers”), BNP Paribas Securities Corp., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as joint lead dealer-managers (such banks together with the Pricing Joint Lead Dealer-Managers, the “Joint Lead Dealer-Managers”), Barclays Capital Inc. HSBC Securities (USA) Inc., Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., Santander Investment Securities Inc., Standard Chartered Bank and U.S. Bancorp Investments, Inc. are acting as senior co-dealer-managers (the “Senior Co-Dealer-Managers”) and CastleOak Securities, L.P. and Samuel A. Ramirez & Company, Inc. are acting as co-dealer managers (collectively, with the Joint Lead Dealer-Managers and the Senior Co-Dealer-Managers, the “Dealer-Managers”) in connection with the Tender Offer. Global Bondholder Services Corporation is acting as information agent (the “Information Agent”) and depositary (the “Depositary”) in connection with the Tender Offer.

Wednesday, October 4, 2017

Youngevity Expands it's Services Offerings

Kevin Surbaugh

Baldwin City, KS -- Baldwin City resident Kevin Surbaugh an Independent Distributor for  Youngevity International, (NASDAQ:  YGYI), told the Gazette that the direct sales company now is offering a number of services through a recently launched Service Division. These services will be offered individually and in various combinations to give both distributors and customers options price breaks. Surbaugh said, while he loves the health products, he is excited about all the service options that are now available.
Youngevity launched its Services Division last year through an acquisition of David Allen Capital which represents a variety of lenders providing capital to small businesses. Since being acquired by Youngevity in April of 2016 David Allen Capital has arranged $8 million of loans to small businesses throughout the United States. If you own a business and need a loan or credit processing check out the easy application process, even if others won't talk to you.
On the success of David Allen Capital, the services division quickly expanded into Telemedicine via the launch of Youngevity Telecare.  Their website touts big savings and the convenience of round-the-clock access to virtual doctor visits with U.S. board-certified doctors and pediatricians.
Have an actual video doctor appointment on your smart phone, computer or simply talk via your telephone. Prescriptions are even provided when appropriate.
 Check out TeleCare today.
You can even get a free Rx card that will help you save up to 85% on Prescription drug prices. One user named Howard reported that he checked pricing for one prescription at his local Walmart and
found it was  $240 for a one-month supply with no insurance,  $45 for a one-month supply through Medicare Advantage and $50 for a three-month supply with the Rx card. While results may vary, it is easy to see that you could save big, Sometimes even more than with insurance You can print a digital Rx Card here.

Just click the print here button on the page.

Youngevity Cart Ripple is an app based shopping assistant that allows its users to earn cash back while fin (but not always).ding the most economical prices online. If you shop online at all, you probably are looking for the best deal. With this app on your desktop browser or your mobile device, you can get cash back from many of trusted sites you already shop. Check out  Surbaugh said that while the cashback may not sound like a lot, it all adds up.  In many locations, the tollway only charges a quarter, which may not sound like a lot, but it adds up to millions for those locations.   If you shop online and would love to get cashback Surbaugh encourages you to check out CartRipple today.  The only to way to join is accept a referral or already be a Youngevity member.

Identity Theft
The Identity Theft product offers two levels of protection to help halt fraud before any real damage is done by detecting the harmful use of your personal information.  Even offering a 100% satisfaction guarantee towards restoration in the event a breach does occur. With the recent hack of Equifax, nearly half of all Americans have had their identity compromised, making this service all the more important to get, Surbaugh explained.

Roadside Assistance
Their Roadside offers emergency roadside service. According to their website, their professional network of dispatchers is available 24 hours a day, 365 days a year, throughout the United States, Puerto Rico and Canada. All for only $159.99 per year compared to the $205 AAA charges. For more information.

Tech Support
According to their website, for a small annual fee, their tech support service is cheaper than that of Geek Squad. The service says that they have “Level 3” technicians standing by to help members save time with our “1 and Done” tech support solution for all of your technology devices.

The communication services are powered by Telegration to help prospective business customers to find the best deal in their area to meet their unique needs. For more information click here.

Monday, September 25, 2017

Farm Credit Services of America and Frontier Farm Credit Names New President

Press Release

OMAHA, NEBRASKA – Farm Credit Services of America (FCSAmerica) and Frontier Farm Credit today named Mark Jensen as incoming president and chief executive officer of the customer-owned financial cooperatives.  Jensen, the Associations’ chief risk officer, will assume his new role on November 1, 2017.  He succeeds Doug Stark, who is retiring.

Jensen joined FCSAmerica in 1992 and has held senior vice president positions with the Association for the past 16 years.  He was named senior vice president – chief risk officer in 2013.  Jensen was instrumental in modernizing FCSAmerica’s credit process and implementing an enterprise risk management framework, and today provides executive leadership of the Associations’ risk management, credit, and appraisal teams.  He graduated from the University of Nebraska-Lincoln with a degree in agricultural economics.

About Farm Credit Services of America and Frontier Farm Credit
FCSAmerica and Frontier Farm Credit are customer-owned financial cooperatives proud to finance the growth of rural America, including the special needs of young and beginning producers.  FCSAmerica provides credit and insurance services to farmers, ranchers, agribusiness and rural residents in Iowa, Nebraska, South Dakota and Wyoming.  Frontier Farm Credit serves eastern Kansas.  Learn more at and

Tuesday, September 19, 2017

Governor Brownback Responds to Wichita Shooting at KDOR Office

Press Release

WICHITA--Governor Sam Brownback released the following statement Tuesday after Kansas Department of Revenue tax agent Cortney Holloway suffered multiple gunshot wounds at the Wichita Twin Lakes KDOR office after having performed an asset seizure earlier that day.

“This is a state employee who was doing his job and enforcing the law. I ask everyone to join Mary and I in praying for Cortney and his family,” Governor Brownback said. “I’m thankful for Cortney’s work and thankful for the police officers who apprehended the suspect.”

The tax office at Twin Lakes where the shooting took place will be closed the rest of the week. The Twin Lakes Driver’s License office adjacent to the tax office will not be open on Wednesday, but will reopen for normal operations on Thursday. 

“This is a shocking event for our KDOR family, and we ask for everyone’s prayers and understanding as we support our employees and get them the help they need to process this event,” said Revenue Secretary Sam Williams.

Counseling resources are being provided for KDOR employees.

Saturday, August 26, 2017

Walmart and the Walmart Foundation Announce at least $1 million towards Hurricane Harvey Relief and Recovery


Bentonville, AR - In anticipation of Hurricane Harvey, Walmart and the Walmart Foundation have made a commitment to provide support for relief efforts through cash and product donations of at least $1 million to organizations helping in response to the severe weather impacting Texas and Louisiana. As a part of this commitment, Walmart is working closely with organizations like the American Red Cross, Salvation Army, and Convoy of Hope while coordinating efforts with elected officials and governmental entities to help meet the needs of those affected. We are supporting these organizations in addressing immediate needs in the community and will continue to monitor in the coming days to provide additional assistance.
“We are concerned for the people in the path of this potentially devastating storm,” said Kathleen McLaughlin, Chief Sustainability Officer at Walmart and President of the Walmart Foundation. “We are actively supporting local response efforts and will continue to be there for our customers, friends, family, fellow associates and neighbors in the Gulf Coast.”
Walmart has a long history of providing aid in times of disasters, helping communities prepare and recover by donating emergency supplies, such as food and water, home and personal products. Since 2005, Walmart and the Walmart Foundation have donated more than $60 million in cash and in-kind donations in response to disaster events.

Westar Energy Declares Dividend.

Topeka, Kan. – The Westar Energy, Inc. (NYSE:WR) Board of Directors today declared a quarterly dividend of 40 cents per share payable October 2, 2017, on .the company’s common stock. The dividends are payable to shareholders of record as of September 8, 2017.

Wednesday, August 16, 2017

Thank You Global Financial Solutions

Thank You

We always like to take the time to say thank you to those individuals and organizations that help make it possible to continue bringing the news and opinions we share here at KevinsView.
Today we would like to thank,  Global Financial Solutions.
Global Financial Solutions

A company that provides clients with strategies and expertise that span the full spectrum of asset classes, including trading coaching. As a global asset management company, Global Financial Solutions provides more than 220 investment strategies spanning all major asset classes, investment styles, and geographic regions.

Friday, August 4, 2017

Sugarfina Closes $35 Million Growth Equity Financing

Sugarfina Close$35 Million Growth Equity Financing
to Further Develop E-commerce and Mobile Platforms & International Expansion
Luxury candy boutique continues to disrupt $200 billion global confections industry

LOS ANGELES, August 3, 2017 – Sugarfina, the luxury confections brand, today announced it has closed a $35 million growth equity financing from private equity firm Great Hill Partners, bringing the company's total funding to over $50 million. Great Hill Partners' Managing Partner Michael Kumin and Partner Peter Garran will join the Sugarfina Board of Directors. Imperial Capital led the process.
The new funding will be used to continue scaling the omnichannel brand across web, mobile, retail, wholesale, and corporate gifting, as well as to expand internationally to the Middle East, Europe, and Asia. Sugarfina currently operates in the U.S. and Canada and will begin its overseas expansion in early 2018.
Sugarfina launched online in the summer of 2012 and has since grown to 24 boutiques and 14 shop-in-shops in North America. The brand is known for its innovative confectionary creations including recent collaborations with Casamigos Tequila and Pressed Juicery.  In 2016, Sugarfina launched Whispering Angel Rosé gummy bears, which sold-out in two hours and generated an 18,000-person wait list.
Sugarfina's on-trend approach to candy, paired with its strong omnichannel distribution, has propelled the brand to become the fastest-growing confections retailer globally. After posting nearly $25 million in revenue in 2016, Sugarfina is on track to double its revenue in 2017.
"Great Hill is a fantastic partner that deeply understands our customer and how she shops," said Sugarfina co-founders Rosie O'Neill and Josh Resnick. "We are confident that together we will continue to grow the brand and connect with our customers across the globe."
"Sugarfina is a proven disruptor in a huge industry that hasn't seen a lot of innovation," said Peter Garran, Partner of Great Hill Partners. "While many established brands are struggling in today's retail environment, Sugarfina is thriving due to their innovative products, distinctive branding, and unique, experiential approach to luxury confections.  We are excited to partner with Rosie, Josh, and the entire Sugarfina team."
About Sugarfina:
Sweethearts Rosie O'Neill and Josh Resnick had dreamed of opening a luxury candy boutique ever since their third date, a screening of Willy Wonka and the Chocolate Factory.  They fell in love over the unique and delicious candies they tasted while traveling and were inspired to bring a new concept in gourmet candy to the United States. Named one of the world's most beautiful candy shops by Architectural Digest, Sugarfina opened its first boutique in November 2013 in Beverly Hills and now operates 24 boutiques and 14 Nordstrom shop-in-shops across North America in major cities such as Los Angeles, New York, San Francisco, Boston, Chicago, and Vancouver.  Before Sugarfina, Rosie and Josh had every kid's dream job - Rosie was the Director of Marketing for Barbie, and Josh was the co-founder and President of Pandemic Studios, a major video game developer. To learn more about Sugarfina, visit or follow us on Instagram, Facebook, and Twitter @sugarfina.
About Great Hill Partners:
Great Hill Partners is a Boston-based private equity firm that has raised over $5 billion in commitments since inception to finance the acquisition, recapitalization, or expansion of growth companies in the communications, financial technology, healthcare, information services, Internet, media, retail, consumer, and software industries. Great Hill targets investments of $25 million to $200 million. For more information, visit

Monday, July 17, 2017

Debt Consolidation Through Home Equity Loan As Explained By National Debt Relief


Carson City, NV -   Debt consolidation is one of the best ways to help consumers manage their mountain of debt and National Debt Relief shares how a Home Equity loan can help. A recently published article titled “Home Equity And Debt Consolidation” released June 9, 2017, helps consumers understand this option in helping them address debt payment.
The article starts off by pointing out that managing a lot of debt for consumers is one of the most stressful areas in their life. Making sure that payments are sent out and dealing with multiple creditors can take its toll on people. As household debt goes up, a lot of is due to credit card debt but there are also other big ticket debts in it.
For most people, a mortgage loan is one of the biggest debt items in their finances.The article also shares that car loans and student loans round up some of the biggest debt accounts people usually carry. When they start to add credit card debt, consumers are now looking at a big debt amount.
This is where the article shares the idea of using a Home Equity loan in helping people manage their debt payments. It goes on to explain that this loan is based on the equity that homeowners have already paid up on their mortgage loan. The approval can be up to a certain amount and they can choose to draw the funds whenever they need it.
The article explains some of the advantages of debt consolidation through a home equity loan such as lower payment and low interest fees. It also points out some of the downside such as putting the house at risk and bigger payment amount when repayment period is stretched over a long period of time. To read the full article, click

Tuesday, July 11, 2017

Amazon Announces Date for Third Annual Prime Day

KCS Announces Second Quarter 2017 Earnings Release and Conference Call Time

KANSAS CITY, Mo.--()--Kansas City Southern (KCS) (NYSE:KSU) will release its financial results for second quarter 2017 on Friday, July 21, 2017, before the opening of trading on the New York Stock Exchange.
KCS will also hold its second quarter 2017 earnings conference call on Friday, July 21, 2017 at 8:45 a.m. eastern time. Shareholders and other interested parties are invited to participate via live webcast or telephone. To participate in the live webcast and to view accompanying presentation materials, please log into immediately prior to the presentation. To join the teleconference, please call (877) 407-0782 (U.S. and Canada), or (201) 689-8567 (International).
A replay of the presentation will be available by calling (877) 481-4010 (U.S. and Canada) or (919) 882-2331 (International) and entering conference ID 10411. The webcast replay and presentation materials will be archived on the company’s website.
Headquartered in Kansas City, Mo., KCS is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS' North American rail holdings and strategic alliances are primary components of a railway network, linking the commercial and industrial centers of the U.S., Mexico and Canada. More information about KCS can be found at

Monday, July 10, 2017

Great Plains Energy and Westar Energy Announce Amended Agreement, Agree to a No-Premium Merger of Equals to Form Leading Electric Utility

KANSAS CITY, MO and TOPEKA, KS --()--Westar Energy, Inc. (NYSE: WR) and Great Plains Energy Incorporated (NYSE: GXP) today announced that both companies’ boards of directors have unanimously approved a revised transaction that involves no premium paid or received with respect to either company, no transaction debt, no exchange of cash, and is a stock-for-stock merger of equals, creating a company with a combined equity value of approximately $14 billion. The new, combined company will provide electric utility service to approximately one million Kansas customers and nearly 600,000 customers in Missouri. The combined company will have a new name, yet to be established.
“The logic of combining these two companies is compelling. We are confident we have addressed the regulatory concerns with our originally-proposed transaction. We appreciate the Commission welcoming a different way to combine these two companies, preserving the unique value available only through this particular business combination,”
 said Mark Ruelle, president and chief executive officer of Westar Energy.
“This merger creates a stronger company for our customers and a much more valuable company for shareholders, with no additional acquisition debt, along with sustaining commitments to Topeka and Kansas. It is a win-win. For our shareholders, it means a large increase in their dividend. We also expect significant earnings accretion and a larger and stronger earnings growth platform than we could achieve on our own. The company and its utilities will continue to have strong investment grade credit ratings.”
Westar Energy and Great Plains Energy will merge to form a new holding company, which will operate regulated electric utilities in Kansas and Missouri. Operating headquarters will be in both Topeka, Kansas, and Kansas City, Missouri. Corporate headquarters will be in Kansas City, Missouri.
“We are pleased to announce a revised agreement with Westar Energy that we believe directly addresses regulatory concerns with our originally-proposed transaction, while increasing the long-term value and upside opportunity for our shareholders, customers, communities and employees,” 
said Terry Bassham, chairman, president and chief executive officer of Great Plains Energy.
 “We power our communities – by generating energy, but also with the jobs we support, the value we create for shareholders, and the community support we provide. Combining Great Plains Energy and Westar Energy into one stronger, more diversified regulated utility has compelling strategic, operational and financial benefits. Together, we expect to deliver significantly more value to our shareholders than we can alone.”
Key Terms of the Amended Merger Agreement
Under the terms of the agreement, Westar Energy shareholders will exchange each share of Westar Energy common stock for a share in the new holding company. Great Plains Energy shareholders will receive .5981 shares of common stock in the new holding company for each Great Plains Energy share. The transaction has a total equity value of approximately $14 billion. It is structured to permit a tax-free exchange of shares. No transaction debt will be incurred. The exchange ratio reflects the agreed-upon ownership split between the two companies. Following completion of the merger, Westar Energy shareholders will own approximately 52.5 percent and Great Plains Energy shareholders will own approximately 47.5 percent of the combined company. The agreement provides that, upon closing, the new holding company expects to set its initial common dividend at a level which maintains the current dividend for Great Plains Energy shareholders. This will result in approximately a 15 percent dividend increase for Westar Energy shareholders.
In connection with the agreement, Great Plains Energy will redeem all of the previously issued debt and convertible preferred stock it issued in contemplation of the previous plan to acquire Westar Energy. Due to the revised nature of this transaction, Great Plains Energy and the Ontario Municipal Employees Retirement System (OMERS) have agreed to terminate their preferred convertible equity commitment. After these financial transactions are completed, the companies anticipate that Great Plains Energy will have not less than $1.25 billion in cash on its balance sheet. After the closing of the merger, the combined company anticipates repurchasing common stock to return excess cash to shareholders and maintain a balanced consolidated capital structure.
Upon closing, Ruelle will become the non-executive chairman of the new company board. Bassham will serve as president and chief executive officer of the new company and will also serve as a member of the board of directors. Senior management roles will be shared by executives from both companies. Among these are: Westar’s current senior vice president and chief financial officer (CFO), Tony Somma, will become executive vice president and CFO. Kevin Bryant, current Great Plains Energy senior vice president of finance and strategy and CFO will become executive vice president and chief operating officer. Greg Greenwood, Westar’s senior vice president of strategy, including regulatory affairs, will become the new company’s executive vice president of strategy and chief administrative officer, responsible for regulatory affairs and merger savings, among other responsibilities.
The board of directors will consist of an equal number of directors nominated from each company, including Bassham from the Great Plains Energy board and Ruelle from the Westar Energy board. The lead independent director will be Charles Q. Chandler, IV, currently Westar Energy’s independent chairman of the board.
Financial and Strategic Benefits
  • Accretion in the first year after closing and thereafter: Great Plains Energy and Westar Energy expect the merger to be accretive to their respective standalone earnings per share in the first year after closing and accretive thereafter.
  • A stronger platform for dividend growth: Upon closing, Westar Energy shareholders will see an immediate dividend uplift of approximately 15 percent and Great Plains Energy’s current dividend will be maintained. The companies expect dividend growth in line with earnings and a pro forma payout ratio of 60-70 percent.
  • Attractive, balanced total return for shareholders: The merger will position the combined company to deliver top quartile total shareholder returns with the company targeting compounded annual earnings per share growth of 6-8 percent from 2016-2021. Significant efficiencies available by combining utility operations should allow both quantifiable benefits for customers and afford the utilities a better opportunity to earn their allowed returns without having to resort only to rate increases. The combined company expects to have a strong balance sheet and improved free cash flows, thereby creating a robust business platform to pursue new sustainable growth opportunities including investments in additional renewables and transmission assets. In addition, the combined company anticipates implementing a share repurchase program after closing to rebalance the company’s capital structure and effectively deploy cash.
  • Improved credit profile: With no transaction debt, the companies expect that the combined company will have a strong balance sheet and long-term credit metrics that support an improving investment grade rating. Post close, the combined company and its regulated utilities expect to maintain a financial profile consistent with strong investment grade ratings of high BBB/Baa to A.
  • Increased scale and more diverse, sustainable generation portfolio: Once the transaction is complete, the combined company will have nearly 1.6 million customers in Kansas and Missouri, nearly 13,000 megawatts of generation capacity, almost 10,000 miles of transmission lines and more than 51,000 miles of distribution lines. In addition, the company will have one of the largest wind generation portfolios in the country, representing nearly one third of its retail sales. Including nuclear output, nearly half of the utility’s retail sales can be produced with zero emissions.
Customer and Community Benefits
  • Significant cost savings, operating efficiencies and proactive cost management: More than a year of integration planning has identified significant operating efficiencies and cost savings. Complementary and contiguous service territories, shared generation assets and expanded footprint are expected to create cost savings and net operating efficiencies of about $35-45 million in 2018, growing to $140-170 million by 2021 and beyond.
  • An immediate rate credit for customers: The company will provide a minimum of $50 million in total rate credits for all customers upon the closing of the transaction. The credit, which exceeds the expected net savings in 2018, will be given to customers as a one-time reduction. It is an immediate up-front benefit to customers, reflecting confidence in future operating efficiencies and cost savings the company expects to achieve over time by combining operations. Thereafter, cost savings resulting from the merger efficiencies will benefit customers through the normal regulatory process, which also will allow the combined company a better opportunity to earn its authorized return without relying solely on rate increases.
  • Commitment to maintaining strong customer service: This transaction will create opportunities for the companies to leverage their combined resources and stronger balance sheet to maintain already strong customer service levels. In addition, the companies will share best practices for customer service and reliability across the combined customer bases.
  • Commitment to jobs and the community: The combined company has committed that there will be no layoffs as a result of the transaction. Any employee reductions related to the merger will be accomplished through attrition and normal retirements from both Great Plains Energy and Westar Energy. Following close, the company will maintain a strong workforce across its operations. This includes maintaining Westar Energy’s customer contact center in Wichita, establishing new walk-in customer service centers in Wichita and Topeka and maintaining operating headquarters in both Kansas City, Missouri, and Topeka, Kansas. Corporate headquarters will remain in Kansas City, Missouri. The company will maintain at least 500 employees in its downtown Topeka headquarters for at least five years after the merger. Given vacancies and natural attrition, the company expects to continue to recruit employees to Topeka to fill jobs. The company will continue to invest corporate resources and employee volunteer hours in its communities while maintaining current levels of charitable giving.
Timing and Approvals
With the Kansas Corporation Commission’s (KCC) encouragement in its order, the companies continue to work with Kansas regulatory staff and the other parties. They will continue working directly with regulatory staff in both Kansas and Missouri as well as other parties to gain necessary approvals as expeditiously as possible. The transaction is expected to close in the first half of 2018, subject to the satisfaction of customary closing conditions, including approval by Great Plains Energy’s shareholders and Westar Energy’s shareholders and the receipt of regulatory approvals, including the Federal Energy Regulatory Commission, the Missouri Public Service Commission, the KCC, the Nuclear Regulatory Commission and clearance under the Hart-Scott-Rodino Act.
Goldman Sachs & Co. LLC is serving as lead financial advisor to Great Plains Energy. Barclays and Lazard are also serving as financial advisors to Great Plains Energy. Bracewell LLP is serving as legal advisor to Great Plains Energy.
Guggenheim Securities, LLC is serving as exclusive financial advisor and Baker Botts L.L.P. is serving as legal advisor to Westar Energy.
Analyst Conference Call/Webcast
Great Plains Energy and Westar Energy will host a conference call today at 9:00 a.m. ET / 8:00 a.m. CT to discuss this announcement.
A live audio webcast of the conference call and presentation slides will be available on the investor relations pages of Great Plains Energy’s website at and Westar Energy’s website at The webcast will be accessible only in a “listen-only” mode.
The conference call may be accessed by dialing 888-353-7071 (U.S./Canada) or 724-498-4416 (international) five to ten minutes prior to the scheduled start time. The passcode is 52084743.
A replay and transcript of the call will be available on July 10, 2017, by accessing the investor relations sections of the companies’ websites. A telephonic replay of the conference call will also be available on July 10, 2017, through July 17, 2017, by dialing 855-859-2056 (U.S./Canada) or 404-537-3406 (international). The passcode is 52084743.
About Great Plains Energy
Headquartered in Kansas City, Mo., Great Plains Energy Incorporated (NYSE: GXP) is the holding company of Kansas City Power & Light Company and KCP&L Greater Missouri Operations Company, two of the leading regulated providers of electricity in the Midwest. Kansas City Power & Light Company and KCP&L Greater Missouri Operations Company use KCP&L as a brand name. More information about the companies is available on the Internet at: or
About Westar Energy
As Kansas’ largest electric utility, Westar Energy, Inc. (NYSE:WR) provides customers the safe, reliable electricity needed to power their businesses and homes. Half the electricity supplied to the company’s 700,000 customers comes from emissions-free sources – nuclear, wind and solar - with a third coming from renewables. Westar is a leader in electric transmission in Kansas, coordinating a network of lines and substations that support one of the largest consolidations of wind energy in the nation. For more information about Westar Energy, visit
Forward-Looking Statements
Statements made in this communication that are not based on historical facts are forward-looking, may involve risks and uncertainties, and are intended to be as of the date when made. Forward-looking statements include, but are not limited to, statements relating to the anticipated merger transaction of Great Plains Energy Incorporated (Great Plains Energy) and Westar Energy, Inc. (Westar Energy), including those that relate to the expected financial and operational benefits of the merger to the companies and their shareholders (including cost savings, operational efficiencies and the impact of the anticipated merger on earnings per share), the expected timing of closing, the outcome of regulatory proceedings, cost estimates of capital projects, redemption of Great Plains Energy debt and convertible preferred stock, dividend growth, share repurchases, balance sheet and credit ratings, rebates to customers, employee issues and other matters affecting future operations. In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Great Plains Energy and Westar Energy are providing a number of important factors that could cause actual results to differ materially from the provided forward-looking information. These important factors include: future economic conditions in regional, national and international markets and their effects on sales, prices and costs; prices and availability of electricity in regional and national wholesale markets; market perception of the energy industry, Great Plains Energy and Westar Energy; changes in business strategy, operations or development plans; the outcome of contract negotiations for goods and services; effects of current or proposed state and federal legislative and regulatory actions or developments, including, but not limited to, deregulation, re-regulation and restructuring of the electric utility industry; decisions of regulators regarding rates that the companies can charge for electricity; adverse changes in applicable laws, regulations, rules, principles or practices governing tax, accounting and environmental matters including, but not limited to, air and water quality; financial market conditions and performance including, but not limited to, changes in interest rates and credit spreads and in availability and cost of capital and the effects on derivatives and hedges, nuclear decommissioning trust and pension plan assets and costs; impairments of long-lived assets or goodwill; credit ratings; inflation rates; effectiveness of risk management policies and procedures and the ability of counterparties to satisfy their contractual commitments; impact of terrorist acts, including, but not limited to, cyber terrorism; ability to carry out marketing and sales plans; weather conditions including, but not limited to, weather-related damage and their effects on sales, prices and costs; cost, availability, quality and deliverability of fuel; the inherent uncertainties in estimating the effects of weather, economic conditions and other factors on customer consumption and financial results; ability to achieve generation goals and the occurrence and duration of planned and unplanned generation outages; delays in the anticipated in-service dates and cost increases of generation, transmission, distribution or other projects; Great Plains Energy’s and Westar Energy’s ability to successfully manage and integrate their respective transmission joint ventures; the inherent risks associated with the ownership and operation of a nuclear facility including, but not limited to, environmental, health, safety, regulatory and financial risks; workforce risks, including, but not limited to, increased costs of retirement, health care and other benefits; the ability of Great Plains Energy and Westar Energy to obtain the regulatory and shareholder approvals necessary to complete the anticipated merger or the imposition of adverse conditions or costs in connection with obtaining regulatory approvals; the risk that a condition to the closing of the anticipated merger may not be satisfied or that the anticipated merger may fail to close; the outcome of any legal proceedings, regulatory proceedings or enforcement matters that may be instituted relating to the anticipated merger; the costs incurred to consummate the anticipated merger; the possibility that the expected value creation from the anticipated merger will not be realized, or will not be realized within the expected time period; difficulties related to the integration of the two companies; the credit ratings of the combined company following the anticipated merger; disruption from the anticipated merger making it more difficult to maintain relationships with customers, employees, regulators or suppliers; the diversion of management time and attention on the anticipated merger; and other risks and uncertainties.
This list of factors is not all-inclusive because it is not possible to predict all factors. Additional risks and uncertainties will be discussed in the joint proxy statement/prospectus and other materials that Great Plains Energy, Westar Energy and Monarch Energy Holding, Inc. (Monarch Energy) will file with the Securities and Exchange Commission (SEC) in connection with the anticipated merger. Other risk factors are detailed from time to time in quarterly reports on Form 10-Q and annual reports on Form 10-K filed by Great Plains Energy, KCP&L and Westar Energy with the SEC. Each forward-looking statement speaks only as of the date of the particular statement. Monarch Energy, Great Plains Energy, KCP&L and Westar Energy undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Additional Information and Where to Find It
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any proxy, vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In connection with the proposed merger, Monarch Energy will file a Registration Statement on Form S-4, that includes a joint proxy statement of Great Plains Energy and Westar Energy, which also constitutes a prospectus of Monarch Energy. WE URGE INVESTORS TO READ THE REGISTRATION STATEMENT AND JOINT PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED BY MONARCH ENERGY, GREAT PLAINS ENERGY AND WESTAR ENERGY WITH THE SEC CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT GREAT PLAINS ENERGY, WESTAR ENERGY, MONARCH ENERGY AND THE PROPOSED MERGER.
Investors will be able to obtain free copies of the registration statement and joint proxy statement/prospectus when available and other documents filed by Monarch Energy, Great Plains Energy and Westar Energy with the SEC at, the SEC’s website, or free of charge from Great Plains Energy’s website ( under the tab, “Investor Relations” and then under the heading “SEC Filings.” These documents are also available free of charge from Westar Energy’s website ( under the tab “Investors” and then under the heading “SEC Filings.”
Participants in Proxy Solicitation
Great Plains Energy, Westar Energy and their respective directors and certain of their executive officers and employees may be deemed, under SEC rules, to be participants in the solicitation of proxies from Great Plains Energy’s and Westar Energy’s shareholders with respect to the proposed merger. Information regarding the officers and directors of Great Plains Energy is included in its definitive proxy statement for its 2017 annual meeting filed with SEC on March 23, 2017. Information regarding the officers and directors of Westar Energy is included in an amendment to its Annual Report on Form 10-K for the fiscal year ended December 31, 2016, filed with the SEC on April 28, 2017. Additional information regarding the identity of potential participants, and their direct or indirect interests, by securities, holdings or otherwise, will be set forth in the registration statement and joint proxy statement/prospectus and other materials filed with SEC in connection with the proposed merger. Free copies of these documents may be obtained as described in the paragraphs above.

Friday, July 7, 2017

Why do we recommend this E-wallet Software?

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Sunday, June 18, 2017

Youngevity International, Inc. Announces Approval for Listing on The NASDAQ Capital Market

SAN DIEGO, CA--(Marketwired - Jun 16, 2017) -  Youngevity International, Inc. (OTCQX: YGYID), a leading omni-direct lifestyle company, today announced that The NASDAQ Stock Market LLC has approved the Company's application to have its common stock listed on The NASDAQ Capital Market. Trading on The NASDAQ Capital Market will commence on Wednesday, June 21, 2017 under the ticker symbol "YGYID."
Steve Wallach, Co-Founder and CEO of Youngevity stated, "Youngevity's listing on The NASDAQ Capital Market is a major corporate milestone and a source of great pride for the Youngevity family of employees, distributors, executives and supporters that have contributed to this moment. What enhances that sense of pride and accomplishment is that Youngevity attains this listing by executing and delivering on our business plan and our priority to grow shareholder value with minimal dilution. We are happy to say that meeting NASDAQ's requirements is a culmination of the dedication and hard work of so many throughout the Youngevity family."
"I am thrilled to announce our uplisting to The NASDAQ Capital Market. From the beginning, we approached this goal to up-list as a marathon and not a sprint. This allowed us to organically meet and satisfy the exchange's requirements as we grew our business", stated Dave Briskie, President and CFO of Youngevity. "We view this event as a major cornerstone of our corporate foundation to build upon as we continue to grow Youngevity's brand and culture. We believe listing on NASDAQ increases our visibility and appeal to institutional investors, will provide increased liquidity to a larger universe of investors, and ultimately contribute to shareholder value."

The publisher of this blog is a Youngevity Brand Associate.

Thursday, April 13, 2017

A1 Trade Shares Excellent Ideas

Thank you A1 Trade for your support. Your information is excellent.

When it comes to investing, it is important for you to be familiar with the various investment asset classes. When you understand the pros and cons of each asset class, you would be able to make more informed investment decisions that suit your wealth management goals. We shall briefly discuss some of the common asset classes.

A share represents part ownership in a publicly listed company. The share price growth and dividends income are highly dependent on the company’s performance. The pros of share investment include liquidity and accessibility. While shares can yield high returns, share prices can be volatile and subjected to short-term market conditions.

Fixed Interest
These investments include debentures, government and corporate bonds. The return is generally in the form of regular interest payments over the life of the investment with the capital amount repaid when the investment matures. Although they usually offer lower potential returns, they have potentially lower risk than shares. The attractiveness of the return depends on the interest rate movements.

Cash include bank accounts, bank deposits and similar securities which have a short investment time horizon. They provide stable and low-risk income in the form of regular interest payments. They are highly liquid and have low capital risk. However, they have one of the lowest potential returns of all asset classes, particularly in a low interest rate environment.

This asset class includes direct investment in physical property as well as investments in listed real estate investment trusts (REITs) and other property securities. The value of property can increase substantially over the medium-to-long term, generating higher returns than cash or fixed interest. This illiquid investment usually involved high capital outlay and on-going costs.

Whatever your wealth management goals are, it is important not to put all your eggs into one basket.

Thursday, March 23, 2017

4 tips for investing in offshore funds

Thank you Primus Trade for the great information on investing.

4 tips for investing in offshore funds

Prepare an investment policy statement (IPS)
A respectable wealthmanager should prepare an IPS document for their client, which is vital in order for the investor to make an informed investment decision. The investment policy statement should outline your investment objectives and risk tolerance, among other things. It should state your motives for investing in the offshore funds and that tax minimization or deferral is not one of the main factors behind your decision to invest offshore.
Document discussions
It is important to clarify with your wealthmanager what your objectives are and, if reducing taxes is not one of the primary reasons for investing offshore, explain that to your wealth manager.
Choose local if you can
If there’s an investment fund in your region that is equivalent in all important respects to the offshore fund you’re considering, you may want to choose the local investment instead in order to avoid any questions from the applicable tax authorities. It’s more than likely, that you may have difficulty finding an equivalent localized fund if the investment adopts an alternative strategy (something esoteric, and not simply a fund that purchases stocks on a long-only basis). If there is no localized equivalent investment fund that you’re aware of, be sure to document that fact.
Watch your cost amount
In general, if the value of your offshore investment is less than $100,000 USD in aggregate, you won’t have to report these assets to your tax authority. It is likely that your local tax authorities will raise this threshold, so it is advised that you keep abreast of all relevant tax laws and any changes to them pertaining to offshore investment.

Tuesday, March 14, 2017

Topeka, KS  – Demonstrating their ongoing commitment to drag racing and the motorsports industry, Aeromotive Fuel Systems and Waterman Racing Components have agreed to increase their marketing partnership with the Fastest Drag Strip in the World, Heartland Park Topeka, for the 2017 racing season.

“It’s refreshing to be a partner with Heartland Park Topeka and create an positive and expanding environment for brand exposure and growth with a dedicated team of executives that truly understands motorsports marketing,” says Steve Matusek, President of Aeromotive Inc. “We are looking forward to a long and mutually beneficial relationship with Chris Payne, Scott Gardner, Ron and Darla Conner and the entire HPT team. We’re especially excited to be a part of bringing the NHRA’s J&S Services Pro Mod racing back to Aeromotive’s home track during the Menards NHRA Heartland Nationals event in May.”

In a joint announcement back in December, the NHRA confirmed that its Pro Mod Series will grow from 10 to 12 races in 2017, including the race at Heartland Park Topeka. Both Aeromotive and Waterman Racing Components are actively involved in the NHRA series.

“We are very pleased with Aeromotive’s decision to increase their level of sponsorship and marketing for the 2017 race season,” says Scott Gardner, president and general manager of Heartland Park Topeka. “This is a great partnership made even better because of Aeromoitve’s Lenexa, Kansas location and the fact that so many in the company are directly involved with professional and grass-roots level racing. Both Aeromotive and Waterman’s products and brand recognition represent a great partnership for racers and fans here at the track.”

Expanded “Racer Appreciation Party”

As part of the renewed partnership, Aeromotive will once again host and expand the Racer Appreciation Party for all racers and their crews during the Lucas Oil Drag Racing Series Double Divisional event, July 27-30. In 2016, more than 600 race teams and their crews participated in the after-racing event.

About Heartland Park Topeka

Heartland Park Topeka is a multi-purpose motorsports and outdoor events facility located in Topeka, Kansas. The facility opened in 1989 and features a championship NHRA ¼-mile drag strip, a recently repaved 2.5-mile, 14-turn road course, a 3/8-mile clay oval and an all-new motocross track. The facility also hosts autocross, drift and rallycross events and is owned by Shelby Development, LLC who purchased the 750-acre facility in early 2016.
Visit us online at:

Sunday, March 5, 2017

GEICO $2,500 Achievement Awards go to 36 outstanding college students

Business Newswire

WASHINGTON - (BUSINESS WIRE) - GEICO recognized 36 students from colleges and universities across the country, each earning $2,500 GEICO Achievement Awards for their exceptional academic accomplishments and campus leadership.
A complete list of winners is posted on the GEICO Achievement Award Program page. More than 25 years ago, GEICO launched the Achievement Award program to recognize undergraduate students for their accomplishments inside the classroom, around campus and in their communities. The program is designed to encourage continued academic success and a commitment to leadership and community service, and to provide some relief from school-related expenses for deserving students.
"The Achievement Awards program is a GEICO tradition that we are proud to uphold in support of outstanding undergraduate students across the country," said Bill Roberts, GEICO president and chief operating officer. "Each one of this year's recipients has proven that they have what it takes to be among the next generation of great leaders. We look forward to seeing them continue to succeed in their futures and careers."
To be eligible for the GEICO Achievement Award Program, students must be currently enrolled in a full-time bachelor's degree program at an accredited four-year college or university, possess sophomore or junior status, have at least a 3.0 overall GPA, and be majoring in business, computer science, mathematics or a related program, including Economics, Finance, Marketing, Management, Information Systems, Computer Engineering, Statistics or Actuarial Science. At this time, our program is not open to students pursuing degrees in liberal arts, the natural sciences or most engineering programs. For more information, please visit the GEICO Achievement Award page.
GEICO (Government Employees Insurance Company) is a member of the Berkshire Hathaway family of companies and is the second-largest private passenger auto insurance company in the United States. GEICO, which was founded in 1936, provides millions of auto insurance quotes to U.S. drivers annually. The company is pleased to serve more than 15 million private passenger customers, insuring more than 24 million vehicles (auto & cycle).
Using GEICO’s online service center, policyholders can purchase policies, make policy changes, report claims and print insurance ID cards. Policyholders can also connect to GEICO through the GEICO App, reach a representative over the phone or visit a GEICO local agent.
For more information, go to