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Stagwell Media LP announced a live webcast for its Q1 2021 results on May 5, 2021, featuring key executives from Stagwell and MDC Partners, Inc. (MDCA). This follows their definitive agreement to combine operations, expected to close in the first half of 2021, pending approvals. The merger aims to merge MDC's talent with Stagwell’s technology, creating a leading marketing company. Important forward-looking statements highlight potential risks, including tax implications, business uncertainties, and the possibility of not completing the Proposed Transaction.
MDC Partners Inc. (NASDAQ: MDCA) will report its financial results for the first quarter ending March 31, 2021, on May 5, 2021, before market open. A conference call will be held that day at 8:30 AM ET for discussion and insights into its financial performance. The call can be accessed via phone, and a replay will be available shortly after its conclusion until May 12, 2021. MDC Partners is a leading marketing and communications network recognized for effective advertising and strategic consulting, serving over 1,700 clients globally.
MDC Partners Inc. (MDCA) has announced the addition of Enormous, a top creative and digital marketing firm in India, to its global affiliate network. This partnership aims to enhance MDC's presence in the rapidly growing Indian market and improve its global content capabilities. Enormous will collaborate with MDC to serve market-level clients and global brands, emphasizing a turnkey approach to deliver culturally relevant marketing solutions. MDC plans to expand its affiliate network to 50 partners by the end of 2021, reinforcing its growth strategy.
MDC Partners Inc. (NASDAQ:MDCA) has appointed Rebecca Routs as Senior Director for Key Client Relationships, enhancing its global client engagement strategy. Routs will lead key initiatives by connecting MDC's specialized agencies and global media offerings. Her previous experience at S4 Capital included leading significant Google projects. This appointment follows recent notable hires aimed at bolstering MDC's international expansion and driving impactful client solutions through enhanced collaboration. The company emphasizes its commitment to transformative client partnerships in an evolving digital landscape.
MDC Partners (NASDAQ: MDCA) announced the grant of equity inducement awards to three new employees, effective April 14, 2021. Deirdre McGlashan received 100,000 shares, Michaela Pewarski 50,000 shares, and Peter McElligott 25,000 shares. The shares will vest based on continued employment, with accelerated vesting provisions for termination without cause, death, or disability. This decision aligns with NASDAQ Listing Rule 5635(c)(4) aimed at attracting talent.
NEW YORK, April 13, 2021 /PRNewswire/ -- CPB has appointed former GSD&M President Marianne Malina as Global CEO, effective May 17, 2021. This move is part of a leadership expansion, joining Chief Creative Officer Jorge Calleja and Managing Director Ryan Skubic. Mark Penn, Chairman of MDC Partners, emphasized this appointment reflects their commitment to CPB's growth. Malina brings over two decades of experience and has led significant campaigns for major brands. CPB is recognized for its impactful marketing and is a part of MDC Partners' Constellation network.
MDC Partners Inc. (NASDAQ: MDCA) announced Michaela Pewarski as the new Vice President of Investor Relations, effective immediately. Joining from Afiniti, her role focuses on managing shareholder relations amid a crucial strategic transformation and a proposed combination with The Stagwell Group. Over the past two years, MDC has made significant strides, including launching innovative agency networks and achieving consistent EBITDA growth. Pewarski's expertise in complex investor relations will enhance communication with shareholders regarding the company's growth and the Stagwell partnership.
Stagwell Media LP announced strong financial results for the year ending December 31, 2020, highlighting significant growth despite pandemic challenges. GAAP revenue rose 41.3% to $888 million, driven by a 29.1% organic growth. The net income surged 244.7% to $71.5 million, while adjusted EBITDA increased by 44.8% to $143.2 million. The Company's diversified assets and strategic investments in growth sectors enabled robust performance, particularly in Communications and Public Affairs. Stagwell aims to harness its digital marketing expertise to address modern marketing challenges.
Stagwell Media LP announced a webcast on March 9, 2020, to discuss its Q4 and full-year 2020 results, following its proposed transaction with MDC Partners, Inc. (Nasdaq: MDCA). Key participants include Mark Penn (Stagwell President), Jay Leveton, and Ryan Greene (CFO). The company aims to combine MDC's creative talent with Stagwell's technology platform to enhance marketing capabilities. The transaction is expected to close in the first half of 2021, pending necessary approvals.
