Why choose Qualex?
Qualex Vision is to deliver Quality and Experience, Anytime and Anywhere. Qualex mission is to provide integration of all the latest technology solutions with proven and tractable results through skilled and certified consultants. Qualex Consulting Services was instrumental during our migration to SAS 9.4.
What happened to Qualex?
Qualex operated a large network of commercial and in-store labs throughout the United States and Canada. Qualex's business slowed from the overall decline in traditional film photography in favor of digital photography.
Is Qualex film still in business?
Qualex, however, continued to service over 13,000 on-site retail processing locations. On December 18, 2008, Qualex announced that it was shuttering all of its film processing facilities, essentially ending send-out film developing by Kodak. However, their Event Imaging Solutions division remained.
How does Qualex work with the Phoenix Suns?
Capturing data from the Suns independent source systems, Qualex has provided a consolidated solution that allows the Suns to access their data via a BI dashboard; that includes pull-down menus, and even a graphical representation of the sports arena which details and provides hourly ticket sales updates on game day!
What happens to stock options in a SPAC merger?
Unlike the traditional IPO process where the lockup period is usually 180 days, after a SPAC merger, employees with stock options may have to wait 6 months to a year for all restrictions to be lifted. Sometimes employees are able to sell a preset number of shares after closing in a tender offer.
What happens to stock options after termination?
Often, vested stock options expire if they are not exercised within the specified timeframe after service termination. Typically, stock options expire within 90 days of leaving the company, so you could lose them if you don't exercise your options.
What happens to my options when IPO?
As long as your company is private, all those options (and company stock, if you've exercised) are usually worth nothing. There's no market for it. The only “person” you can sell the stock to is the company itself.
What happens to stock options when a private company is acquired?
If the acquiring company decides to give you company shares, either you will receive publicly traded shares, and your situation will mimic the IPO outcome, or if acquired by a private company, you will receive private shares and you will be back in the same situation as before: waiting for liquidity.
What happens if you don't exercise stock options?
If you don't exercise an out-of-the-money stock option before expiration, it has no value. If it's an in-the-money stock option, it's automatically exercised at expiration.
What happens when employee stock options expire?
If an employee reaches the 10-year expiration date, and they have yet to exercise their vested stock options, those options expire and get absorbed back into the company.
Should I exercise my options before or after IPO?
Wait until the Initial Public Offering (IPO) to exercise your stock options and pay ~51 percent in taxes once you sell your equity... Exercise your stock options before the IPO and only pay ~35 percent in taxes. This is due to a U.S. tax rule called long-term capital gains.
How do stock options work after IPO?
If you already own stock in a private or pre-IPO company Companies going public with a direct listing bypass the lockup period, meaning employees can sell their stock options right away if they choose. Companies going public via SPAC may have longer lockup periods. A lockup period can range from 90 to 180 days.
How do options work during an IPO?
Working for a company before it goes public can be highly beneficial for employees who have stock options or RSUs after a successful IPO. When employees are given stock options at an early-stage startup, they usually have the right to buy shares at a very low valuation.
What happens to my options in an acquisition?
When the buyout occurs, and the options are restructured, the value of the options before the buyout takes place is deducted from the price of the option during adjustment. This means the options will become worthless during the adjustment if you bought out of the money options.
How do stock options work in a private company?
A stock option is a contract that gives its owner the right, but not the obligation, to buy or sell shares of a corporation's stock at a predetermined price by a specified date. Private company stock options are call options, giving the holder the right to purchase shares of the company's stock at a specified price.
Should I exercise my options before acquisition?
If your startup is entering acquisition negotiations, it can be financially prudent to simply wait to see how the acquisition shakes out. The major benefit to exercising stock options pre-exit is to take advantage of long-term capital gains.
What is a Qualex?
Qualex. Qualex Inc. was the largest wholesale and on-site photographic processing company in the world. It was formed in March 1988 as a joint venture between Eastman Kodak and Fuqua Industries, but became a wholly owned subsidiary of Kodak in 1994. It was headquartered in Durham, North Carolina. Qualex operated a large network ...
Where is Qualex located?
It was headquartered in Durham, North Carolina. Qualex operated a large network of commercial and in-store labs throughout the United States and Canada. Qualex's business slowed from the overall decline in traditional film photography in favor of digital photography.
Is Qualex still processing film?
On December 18, 2008, Qualex announced that it was shuttering all of its film processing facilities, essentially ending send-out film developing by Kodak. However, their Event Imaging Solutions division remained.
Is Kodak's film sales off?
Yes, I think the the empty suits at the top of Kodak are responsible for their demise as the premier film maker, not the production workers. But yes, sales of all film is off. There are several reasons.
Was Qualex a profit center?
What you all fail to realize is that Qualex was never setup as a profit center. In fact, the division consistently lost money, even during the good times. Kodak was willing to absorb the losses to keep the Kodak brand of film prominently displayed in the thousands of retail outlets it serviced. When film sales declined, this business model was no longer sustainable.
