American Eagle Enters Into Change in Control AGREEMENT and 4 Stocks Enjoying 52-Week Highs

American Eagle Outfi (NYSE:AEO): Beginning on July 25, the company entered into a Change in Control Agreement with Mary M. Boland, the Chief Financial and Administrative Officer of the company. The Agreement possesses a double-trigger change in control provisions. If Ms. Boland either resigns for Good Reason or is terminated by the Company other than for Cause, Disability, or due to her death during the 18-month period after a Change in Control, she will, among other things, receive: a severance amount 1.5 times higher than her Annual Compensation (as such term is defined in the Agreement); a bonus amount equaling the amount of her then current annual incentive cash bonus at target prorated based on how much of the Company’s fiscal year had elapsed at the time of the Change in Control; and coverage beneath the American Eagle’s group health insurance for the year after termination. The shares closed at $21.27, up $0.35 or 1.67% on the day. They have traded in a 52-week range of $10.00 to $21.25.

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Covidien Plc. (NYSE:COV) announced that the U.S. Food and Drug Administration granted the company 510 (NYSE:K) clearance to market its Covidien Nellcor Bedside SpO2 Patient Monitoring System. The new patient monitoring system is currently available to be sold in the U.S. The shares closed at $55.97, up $0.44 or 0.79% on the day. They have traded in a 52-week range of $41.35 to $56.20.

Ebay Inc. (NASDAQ:EBAY) dropped a lawsuit against 13 unnamed Internet sellers which appeared to crack down on sales of counterfeit products with the Ebay trademark, according to Detroit News. The shares closed at $45.60, up $0.38 or 0.84% on the day. They have traded in a 52-week range of $26.86 to $45.48.

Frisch’s Restaurants (AMEX:FRS) announced that the board recently declared a special one-time dividend of $9.50 per share, which will be payable on September 14 to shareholders of record after business close on August 31. The complete amount of the special dividend payment will be around $46.9 million based on the current amount of shares outstanding, and it is predicted to be funded from the company’s excess cash on hand. following the payment of the special dividend, the company believes it will possess sufficient cash and borrowing capacity, allowing it to execute its strategy to grow its Big Boy concept including new stores, existing store renovations, continuing investments in the productivity of its food production facilities as well as its recently announced share repurchase program. The shares closed at $30.50, up $4.65 or 17.99% on the day. They have traded in a 52-week range of $18.44 to $29.00.

Homestreet Inc. (HMST) reports a Q2 EPS of $2.43, consensus $1.65. The shares closed at $36.27, up $0.27 or 0.75% on the day. They have traded in a 52-week range of $24.00 to $38.00.

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