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11/10/2009
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NutraCea U.S. Files For Protection Under Chapter 11 To Restructure Operations
- Day-to-Day Operations Return to Normal
- DIP Financing Facility for $6,750,000 Signed with Wells Fargo Bank, N.A.
- Subsidiaries, including Brazilian Operation Irgovel, Not part of the bankruptcy Filing.
PHOENIX, AZ. November 10, 2009 —NutraCea (OTC Bulletin Board: NTRZ.PK), a world leader in stabilized rice bran (SRB) nutrient research and technology, announced today that the Company has filed a voluntary petition for protection under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Arizona. None of the Company’s subsidiaries, including its Brazilian rice bran oil operation, Irgovel, were included in the bankruptcy filing.
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10/26/2009
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NUTRACEA REPORTS 2008 RESULTS AND COMPLETES FILING OF
RESTATED FINANCIAL STATEMENTS FOR 2006 AND 2007
John Short Appointed Chief Executive Officer and Member of Board of Directors
NutraCea to Report First Quarter 2009 Results in November
Company Sets Date for Annual Shareholder Meeting
PHOENIX, AZ, Oct. 23, 2009 —NutraCea (OTC Bulletin Board: NTRZ), a world leader in stabilized rice bran (SRB) nutrient research and technology, announced today that it has completed the restatements of its financial statements and filed with the U.S. Securities and Exchange Commission (SEC) its Annual Reports on Form 10K for fiscal years 2006, 2007 and for the first three quarters of 2008. All financial information presented in this press release is on a restated basis.
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08/19/2009
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NutraCea To Expand Board Of Directors
Modifies Compensation For Board Members
Phoenix, AZ, August 19, 2009 —NutraCea (OTC Bulletin Board: NTRZ), a world leader in stabilized rice bran nutrient research and technology, today announced that consistent with efforts to enhance its corporate governance structure, the Company's Board of Directors approved an immediate increase in membership from seven to nine directors. The Company intends to fill these positions immediately and has begun its search for experienced and independent outside individuals to strengthen the Board. The Board intends to proceed with a renewal process aimed at adding new talent and experience to the Board in the future. The first step toward this regeneration is the projected replacement of two of the six independent directors at or before the 2010 Annual Shareholders' Meeting. In conjunction with the expansion from seven to nine members and the addition to the Board of the next CEO, this process is intended to result in a majority of new directors on the Company’s board within the next 12 months.
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08/06/2009
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NutraCea Announces Forbearance Agreement with Bank
and Provides Update on Business Strategy and Transactions
PHOENIX, August 6 /PRNewswire-FirstCall/ —NutraCea (OTC Bulletin Board: NTRZ.PK), a world leader in stabilized rice bran nutrient research and technology, today announced the Company has entered into a forbearance agreement with Wells Fargo Bank, N. A. ("Wells Fargo") relating to the previously disclosed "Events of Default" which accelerated outstanding amounts due under the Credit and Security Agreement dated December 18, 2008.
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