CEO Miles Nadal, MDC Partners Insider Buys $526,500 of Shares on March 12th, 2014
Miles Nadal, CEO of MDC Partners, bought 25,000 shares of MDC Partners (Stock Symbol: MDCA) at $21.06 per share for a total amount of $526,500 thousand on March 12th, 2014.
MDC Partners is located in New York, NY.
On 02/20/2014, MDC Partners announced financial results for the three and twelve months ended December 31, 2013.
Miles S. Nadal, Chairman and Chief Executive Officer of MDC Partners, said, “The fourth quarter capped another year of exceptionally strong performance for MDC Partners. After a year of reporting record metrics in 2012, in 2013 we again delivered industry leading organic revenue growth, strong EBITDA growth and operating leverage, and solid free cash flow growth. We significantly strengthened our balance sheet, reduced our borrowing costs, and improved our flexibility to use our capital to the benefit of our shareholders. We’ve been able to do this even as we increased our quarterly dividend by 93% over the course of the year and as we purchased 7% of shares outstanding during the fourth quarter. Across our portfolio, we continue to deliver successful, award-winning results for clients, which led to another exceptional new business year as net wins reached $133 million.”
According to Capital IQ, MDC Partners has a market cap of $1.13 billion, an enterprise value of $1.69 billion.
MDC Partners Inc. provides marketing, activation, and communications and marketing solutions and services worldwide. The company operates in two segments, Strategic Marketing Services and Performance Marketing Services. The Strategic Marketing Services segment offers various integrated marketing communication and consulting services, including advertising and media, interactive marketing, direct marketing, public relations, corporate communications, market research, corporate identity and branding, product and service innovation, and sales promotion services. The Performance Marketing Services segment provides services, such as the design, development, research, and implementation of consumer service, media planning and buying, and direct marketing initiatives. MDC Partners Inc. also offers mobile marketing, database and customer relationship management, date and analytics and insights, social media, marketing, e-commerce, and other related services. The company was formerly known as MDC Corporation Inc. and changed its name to MDC Partners Inc. in January 2004. MDC Partners Inc. was founded in 1980 and is headquartered in New York, New York.
Miles Nadal’s most recent annual compensation from MDC Partners is a salary of $1,500,000, $558,343 in other compensation, and a total compensation of $9,277,421. Mr. Nadal is 55 years old.
According to his biography, Miles S. Nadal, age 55, is the Chairman, Chief Executive Officer, President and founder of MDC Partners. Mr. Nadal has been a Director and Chief Executive Officer of MDC since founding in 1986, and President of MDC since 2007. Mr. Nadal has been involved in a number of additional businesses, including as a founder of First Asset Management Inc., one of Canadas largest independent asset management firms with more than $35 billion under management. The firm was sold to a large money management firm in late 2005. Mr. Nadal is also the founder and a partner of Peerage Realty Partners and Artemis Investment Management. In recognition of his achievements in business, Mr. Nadal has been honored with numerous awards, including 2012 Media Executive of the Year by Media Magazine, selection for the Top 40 Under 40, and Ernst & Youngs 1999 Entrepreneur of the Year in the professional services sector. In 2012, Mr. Nadal was the recipient of an Honorary Doctorate from Tel Aviv University.
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