Category: KB

  • MIL-OSI USA: In Aftermath of Iran Strikes, Reed Urges Trump Admin. to Strengthen Cybersecurity

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed

    WASHINGTON, DC – U.S. cyber officials and private experts are warning that Iran and Iran-linked groups may try to target the U.S. with a range of cyberattacks that could cause serious damage and disruption to private and public sector interests.  In the wake of U.S. airstrikes on Iran, the U.S. Department of Homeland Security issued a bulletin through the National Terrorism Advisory System, which read: “Low-level cyber attacks against U.S. networks by pro-Iranian hacktivists are likely, and cyber actors affiliated with the Iranian government may conduct attacks against U.S. networks.”

    In addition to these warnings, U.S. Senator Jack Reed (D-RI), the Ranking Member of the Senate Armed Services Committee, is urging the Trump Administration to take action to bolster the nation’s cyber defenses and assist American industries and municipalities that may be targeted for attacks. 

    “As sophisticated cyber threats mount, we should be surging resources and reinforcements to America’s cyber defenses.  We’ve got to secure our infrastructure and protect critical systems.  Unfortunately, the Trump Administration has undermined the capacity and capabilities of our country’s most critical cybersecurity agencies,” said Senator Reed.

    Reed warns that the Trump Administration’s partisan efforts to purge the federal workforce and slash the Cybersecurity and Infrastructure Security Agency (CISA) — America’s primary cyber agency — is putting U.S. national security at risk.  CISA is the frontline federal agency in charge of defending federal networks, state and local governments, and critical infrastructure against cyber threats.  CISA’s mission includes ransomware defense, supply chain resilience, and public-private coordination.

    The Trump Administration has targeted CISA for downsizing, already forcing out over 1,000 CISA employees – roughly one-third of CISA’s workforce.  The drastic staff reductions coupled with proposed future budget cuts jeopardize America’s ability to effectively repel, thwart, and deter cyberattacks; defend federal networks; and support critical infrastructure operators.

    Reed stated: “As the cyber threat level is rising from Iran, affiliated hacktivists, and other adversaries, the Trump Administration is gutting CISA and taking down our best defenses, leaving America dangerously exposed to cyberattacks.  The Trump Administration must stop undermining the capacity of America’s cyber defense agency.  I urge the Trump Administration to take immediate action to rehire technical cyber talent, restore CISA funding, and reinstate key cyber defense programs immediately.  We need to ramp up in the weeks and months ahead and be vigilant in defending against offensive cyber operations by Iran or their partners.”

    The Trump Administration is seeking to reduce CISA’s budget by over $490 million – reducing the agency’s operational funding obligations from $2.38 billion to $1.96 billion.  This includes dismantling and eliminating several key programs entirely, such as the agency’s Election Security Program and the innovative Cyber Safety Review Board.

    Meanwhile, the Trump Administration is targeting other key U.S. cyber defense assets for major budget cuts, including:

    • The FBI, which leads domestic cybercriminal investigations, would have its budget reduced $560 million, alongside a loss of nearly 1,900 staff.
    • The U.S. Department of Justice (DOJ) National Security Division, which handles foreign intelligence surveillance policy and various counterintelligence operations, would have its budget reduced by $14 million, accompanied by a reduction of full-time employees.
    • The U.S. Department of Energy’s Office of Cybersecurity, Energy Security and Emergency Response, which oversees cybersecurity for the nation’s electric grid, would see a sharp cut of $43 million and a staffing reduction of more than 30 percent.
    • The National Science Foundation’s computer science research activities would be cut by $606 million, or 64 percent of its budget, in FY26.

    Beyond CISA and domestic cyber defenses, President Trump abruptly fired the previous director of the National Security Agency (NSA) and head of U.S. Cyber Command, General Timothy Haugh, and his top deputy, without explanation this April, following a meeting with right-wing activist Laura Loomer at the White House.  With support from U.S. Secretary of Defense Pete Hegseth, Army Lt. General Richard Angle was then announced as the nominee to be the successor for the job.  However, the White House then opted not to move forward with Lt. General Angle’s nomination, without public explanation.

    MIL OSI USA News

  • MIL-OSI USA: Cortez Masto, Colleagues Demand Trump Administration Explain Disturbing Secret VA Hospital Guideline Changes

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto

    Washington, D.C. – U.S. Senator Catherine Cortez Masto (D-Nev.) joined Senator Richard Blumenthal (D-Conn.) and 25 of her colleagues to demand the Trump Administration’s Department of Veterans Affairs (VA) explain why it changed certain VA Medical Center bylaws in a way that could invite discrimination against veteran patients and health care providers.

    The letter follows recent reporting detailing how the Trump Administration secretly changed guidelines in a way that could allow political affiliation or sexual orientation to serve as reasons for denial of health care for veterans or the hiring of medical professionals. Language that previously required VA providers to care for veterans regardless of politics, marital status, age, national origin, and disability has been removed from certain VA health care facilities’ medical bylaws. Language that also previously ensured decisions for who was able to be a part of VA’s medical staff were made without regard to political affiliation, marital status, age, national origin, disability, gender, sexual orientation, and union membership have been removed from certain VA facilities’ medical bylaws.

    “We write today to request information regarding recent changes to patient and staff policies governing medical facilities within the Department of Veterans Affairs (VA),” wrote the Senators in a letter to VA Secretary Doug Collins. “Having reviewed past and current versions of bylaws for multiple medical facilities within the Department, we have confirmed the Department made changes, in secret and without notification to the veterans you serve or to Congress, that could allow for discrimination in treating patients and hiring medical professionals.”

    The senators continued highlighting the Administration’s unjustified changes: “While many of the previously specified traits that have been removed from VA facilities’ bylaws potentially remain protected under existing statutes, the message VA is sending by stripping explicit references to these criteria is still deeply disturbing. Allowing, let alone encouraging, this ambiguity opens the door for widespread discrimination. These changes invite uncertainty as to whether a patient can be denied access to their earned health care or whether a provider is considered unfit to serve veterans based on anything other than their expertise and credentials. Even the appearance of allowing discrimination directly violates VA’s own mission…”

    The senators concluded by declaring it Collins’ responsibility as Secretary to explain why this Administration would strip certain anti-discrimination provisions from VA’s bylaws and publish clear and immediate assurances that the Department will not discriminate against patients or employees: “It is your duty to answer to veterans, the public, and Congress as to why VA is sowing confusion and potentially putting veterans at risk and jeopardizing the Department’s medical workforce, clinicians’ licensure, and accreditation of its medical facilities nationwide. We insist you publish proper justification and clarification of these changes so as to leave no uncertainty as to the Department’s protections for patients and employees against unlawful and unethical discrimination.”

    The full text of the senators’ letter can be found here.

    Senator Cortez Masto is a champion for our service members and veterans. She helped pass the PACT Act to ensure veterans suffering from toxic exposure in the line of duty get the medical care they need, and she worked across the aisle to get legislation helping veterans exposed to Agent Orange and expanding benefits for women veterans signed into law. The senator sent a letter to U.S. Department of Veterans Affairs Secretary Collins demanding he provide answers on the mass terminations of personnel across the VA, specifically those in Nevada, and how those terminations would impact services to Nevada veterans.

    MIL OSI USA News

  • MIL-OSI USA: Senator Murkowski Engages with VA Secretary Collins on Alaska Veterans’ Priorities

    US Senate News:

    Source: United States Senator for Alaska Lisa Murkowski

    06.24.25

    Washington, DC – Today, U.S. Senator Lisa Murkowski (R-AK) welcomed the Secretary of Veterans Affairs Doug Collins to the Military Construction, Veterans Affairs, and Related Agencies Appropriations Subcommittee to discuss the Department of Veteran Affairs’ Fiscal Year 2026 (FY26) budget request. Senator Murkowski reinforced to the Secretary the unique needs of Alaska’s veterans, and sought confirmation that the VA Advisory Committee on Tribal and Indian Affairs will continue to serve the needs of Alaska Native veterans.

    Watch the Senator’s full line of questioning here.

    The full transcript is below.

    TRANSCRIPT

    Murkowski: Welcome, thank you. To follow on Senator Collins’ comments about our rural veterans, you kind of pointed out that Alaska is in that same bucket. I’m just going to say, we’re bigger, we’re badder, we’re just more complicated as you know. We’re very proud to host more veterans per capita in Alaska than anywhere else out there. So, how we do outreach to our rural veterans has long been a challenge. You and I have had an opportunity to talk about that. But it’s everything from traveling the long distances, we’re not going to be able to put that veteran in a car. More likely than not, it’s going to be travel that requires flying. It may be trying to access them through telehealth but when you have limited broadband that’s a problem. Then we have shortages of local healthcare providers, it’s complicated in many ways. But all of our veterans deserve this care and I think we recognize that.

    So, know that I, along with Senator Collins, are very interested in any strategies that you are looking to advance to maintain and expand services in our rural communities. I have talked about establishing an outreach program that would send teams to rural areas that are off the road system to just kind of let them know about their benefits, about the services that are made available. We can’t necessarily do everything, but we can at least let you know this is what your VA can do for you. I would hope that you’d work with us to support that kind of an event.

    Collins: I definitely would and if you would allow me to expand just a minute on that: I think this is one of the issues that… I want us to break out of the model in many ways, and I say this in a very generic fashion. I want us to break out of the model that everything has to be the way we’ve always done it.

    Murkowski: Right.

    Collins: We have to go to a brick and mortar, we have to go to this as a clinic. We have one of the things, and it just highlighted recently: we had to close our ambulatory clinic. This is not a rural issue, but it’s sort of the class of the issue, we had to close our ambulatory clinic in L.A. because of the riots and other things going on in L.A. We had interrupted almost 1,800 appointments and some were telehealth, some we were able to move to others, but for the most part we had folks who weren’t getting care. Very familiar, if you were in the middle of a rural state or Alaska or anywhere else you’re not getting it.

    So, we were already beginning to see how could we bring in mobile clinics and others even in that area, in a safe area, where our appointments could be kept. So, for me, if we have those kind of resources, can we do those in states such as Alaska and others? Instead of always just defaulting to something as you said, like a telehealth model or a visiting doctor, maybe have regular roundabouts that have our health teams go out with these mobile vehicles that could actually do and provide primary care and others. Of course, they need to go elsewhere, and we could do that I think. I’m willing to think outside the box to do that. It would work in a very rural state, it could work in a state like you know New York, Georgia, anywhere else.

    Murkowski: You’ve kind of picked my brain. We provide or there are some non-profits and some for-profits that provide mobile mammography units, that go out to put them on a barge, you go up the river. It has provided access to women in rural parts of the state that would never be able to get this kind of screening. You can do that kind of teaming, but you do have to be willing to think outside the box a little bit, and I appreciate that you’re looking into that.

    Let me ask you here about the Tribal health side. I’m pleased that IHS and VA have entered into a reimbursement agreement as we’re trying to figure out how we access some of the unique challenges in VA services. Office of Tribal Government Relations, this is an office that has proven to be important. I would like to know if you think that that government relations office will continue. And then, the VA Advisory Committee on Tribal and Indian Affairs, this is another VA advisory body, this is under review. Know that the committee really does play a vital role in ensuring that Native voices are represented when VA policies are developed. We think that it’s good, it helps to advance culturally competent care, strengthens Tribal consultation, and helps the VA fulfill its commitment.

    So, I don’t know if you can give me an update on the current status of this committee and whether its work will continue uninterrupted. And then, if you can share with me whether or not you think the Office of Tribal Government Relations will continue.

    Collins: Yes, to both, they’re both going to be continuing and also, we’re continuing to outreach as well through, and as I said earlier, we’re making sure our intergovernmental offices and working with different organizations is strengthening. We brought in our caseload to make sure that we’re reaching out to States, Tribes, and others, that is being a part of what we do, so, they’re both increasing. Also, I’m looking forward to being there I think, if my schedule told me correctly, I’ll be up there in October. I think around some of these issues that will be going on with the Tribes.

    Murkowski: Great, hopefully you’re scheduling that trip to coincide with the Alaska Federation of Natives Conference in October.

    Collins: I believe it is, yes.

    Murkowski: That’s great. Mr. Chairman, I’ve got a couple questions that I’m going to submit for the record, one is on the roof of the Palmer Pioneer Home. I can’t let a hearing go by without mentioning that. As well as the electronic health record roll out,  as you know the Alaska VA system is going to get the roll out of this technology in 2026. There’s a lot of people anxious about that because previous rollouts have not exactly been fun. So, you will see those questions submitted for the record.

    Collins: I look forward to that and maybe later on you know, we’ll discuss it. Electronic health record is very important.

    Murkowski: Yes, it sure is, thank you. Thank you, Mr. Chairman.

    MIL OSI USA News

  • MIL-OSI USA: Senators Murkowski, Shaheen Lead Bipartisan Legislation to Impose Sanctions on Perpetrators of Global Violence against LGBTQ+ Communities

    US Senate News:

    Source: United States Senator for Alaska Lisa Murkowski

    06.25.25

    WASHINGTON – Today, U.S. Senators Lisa Murkowski (R-AK) and Jeanne Shaheen (D-NH) led a bipartisan group of lawmakers in reintroducing the Global Respect Act. The legislation would impose sanctions on foreign actors responsible for human rights violations against lesbian, gay, bisexual, transgender, queer and intersex (LGBTQ+) individuals abroad. Additional cosponsors of the bill include Senators Chris Murphy (D-CT), Chris Van Hollen (D-MD), Jeff Merkley (D-OR), Cory Booker (D-NJ), Peter Welch (D-VT), Brian Schatz (D-HI), Edward Markey (D-MA), Tammy Baldwin (D-WI), and Ron Wyden (D-OR). 

     “Around the world, individuals who are part of the LGBTQ+ community are in danger for simply existing,” said Senator Murkowski. “Hate and violence cannot and should not be tolerated. I’m hopeful that this legislation will establish actionable consequences for these inexcusable human rights violations, and create a safer world for all people— regardless of who they are or who they love.” 

    “I am re-introducing this legislation because the risk of personal harm for LGBTQI individuals for publicly identifying who they are or expressing who they love has tragically increased in recent years,” said Senator Shaheen. “Human rights, as defined by the Universal Declaration of Human rights, recognizes that global freedom, justice and peace depend on ‘the inherent dignity’ and ‘the equal and inalienable rights of all members of the human family.’  LBGTQI human rights are universal human rights. We must ensure that we hold all violators of those rights accountable.” 

    Specifically, the Global Respect Act would: 

    • Require the Executive Branch to biannually send Congress a list of foreign persons responsible for, or complicit in, cruel, inhumane or degrading treatment or punishment of an individual; prolonged detention of an individual without charges or trials; causing the disappearance of an individual by abduction and clandestine detention of an individual; other flagrant denials of the right to life, liberty or the security of an individual; 
    • Authorize the Administration to deny or revoke visas to individuals placed on the list; 
    • Require the annual State Department Report on Human Rights to include a section on LGBTI international human rights, as well as an annual report to Congress on the status of the law’s effectiveness; and  
    • Require the Assistant Secretary of State for Democracy, Human Rights and Labor to designate a senior officer responsible for tracking violence, criminalization and restrictions on the enjoyment of fundamental freedoms in foreign countries based on sexual orientation or gender identity.   

    Ranking Member Shaheen first introduced the Global Respect Act in the 114th Congress. The legislation has been endorsed by the Human Rights Campaign, the Council for Global Equality, American Jewish World Service and Human Rights First.  

    Full text of the bill is available HERE. 


    MIL OSI USA News

  • MIL-OSI USA: Sens. Warner & Kaine Introduce Bill to Protect Access to Reproductive Health Care

    US Senate News:

    Source: United States Senator for Commonwealth of Virginia Mark R Warner

    WASHINGTON—Yesterday, on the third anniversary of the Supreme Court overturning Roe v. Wade, U.S. Senator Mark R. Warner and Senator Tim Kaine, a member of the Senate, Health, Education and Labor (HELP) Committee, joined Senators Tammy Baldwin (D-WI), Richard Blumenthal (D-CT), and Patty Murray (D-WA) in introducing the Women’s Health Protection Act, legislation to guarantee access to abortion care across the country. The bill’s introduction comes as the Trump Administration and Republicans continue to attack reproductive freedom. Virginia is the last southern state where abortion is still legal, and Virginia has seen an increase in demand for abortions after other states have passed laws restricting access.

    “In the three years since Roe v. Wade was overturned, we’ve seen the consequences unfold in real time: women denied lifesaving care, doctors forced to navigate confusing and dangerous legal gray areas, and families left to deal with the fallout. Decisions about pregnancy should be made between a woman and her doctor, not by politicians,” said Sen. Warner. “This bill would once and for all restore the constitutional right to abortion, permanently making it safe and legal nationwide.”

    “Three years ago, the Supreme Court took away Americans’ ability to access reproductive health care, and since then, we’ve seen the tragic impacts of this decision for women across the country,” said Sen. Kaine. “I’m proud to be joining my colleagues in introducing this legislation to protect access to abortion nationwide and restore Americans’ freedom to make their own health care decisions.”

    Since the Dobbs decision, 19 states have banned abortion or severely restricted women from being able to access the procedure, leaving one in three American women without access to safe, legal abortion care. Additionally, state legislatures across the country have introduced hundreds of bills to include medically unnecessary restrictions that limit access to abortion care. In his second term, President Trump has continued to attack reproductive rights, including freezing Title X funding for clinics that offer reproductive care, cutting Biden-era emergency abortion protections, and fighting to defund Planned Parenthood. Additionally, the House-passed Republican budget bill kicks 16 million people off their health insurance and defunds Planned Parenthood, threatening the closure of 200 health centers across the country and putting access to vital reproductive care for millions of families at risk.

    The Women’s Health Protection Act guarantees the right to access an abortion—and the right of an abortion provider to deliver these services—free from medically unnecessary restrictions that interfere with a patient’s individual choice or the provider-patient relationship. The bill also protects the ability to travel out of state for an abortion, which has become increasingly common in recent years.

    Following the Dobbs decision, Sens. Warner and Kaine have strongly advocated for legislation to protect Americans’ access to reproductive health care. The senators cosponsored legislation to protect the right of women to travel across state lines for abortion services and help protect medical providers from being punished for providing patients with this care.

    In addition to Sens. Warner, Kaine, Baldwin, Blumenthal, and Murray, the Women’s Health Protection Act is cosponsored by Leader Chuck Schumer (D-NY) and Senators Angela Alsobrooks (D-MD), Michael Bennet (D-CO), Lisa Blunt Rochester (D-DE), Cory Booker (D-NJ), Maria Cantwell (D-WA), Chris Coons (D-DE), Catherine Cortez Masto (D-NV), Tammy Duckworth (D-IL), Dick Durbin (D-IL), John Fetterman (D-PA), Ruben Gallego (D-AZ), Kirsten Gillibrand (D-NY), Maggie Hassan (D-NH), Martin Heinrich (D-NM), John Hickenlooper (D-CO), Mazie Hirono (D-HI), Mark Kelly (D-AZ), Andy Kim (D-NJ), Angus King (I-ME), Amy Klobuchar (D-MN), Ben Ray Luján (D-NM), Ed Markey (D-MA), Jeff Merkley (D-OR), Chris Murphy (D-CT), Jon Ossoff (D-GA), Alex Padilla (D-CA), Gary Peters (D-MI), Jack Reed (D-RI), Jacky Rosen (D-NV), Bernie Sanders (I-VT), Brian Schatz (D-HI), Adam Schiff (D-CA), Jeanne Shaheen (D-NH), Elissa Slotkin (D-MI), Tina Smith (D-MN), Chris Van Hollen (D-MD), Reverend Raphael Warnock (D-GA), Elizabeth Warren (D-MA), Peter Welch (D-VT), Sheldon Whitehouse (D-RI), and Ron Wyden (D-OR).

    Full text of the legislation is available here.

    MIL OSI USA News

  • MIL-OSI USA: Rep. Mark Pocan Opens Military Service Academy Applications for 2025

    Source: United States House of Representatives – Congressman Mark Pocan (2nd District of Wisconsin)

    WASHINGTON, D.C. – Today, U.S. Representative Mark Pocan (WI-02) announced that his office is now accepting applications for nominations to the U.S. Military Service Academies. The U.S. Service Academies are among the most highly respected educational programs in the nation. Admission requires a Congressional nomination and meeting rigorous academic, physical, and medical standards. Accepted students receive a fully funded four-year college education and, upon graduation, are commissioned as officers in their respective branches of the military. Applications close October 17, 2025.

    For more information, click here or email Diego Benitez at diego.benitez@mail.house.gov

    MIL OSI USA News

  • MIL-OSI USA: Press Release: Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies

    Source: US Federal Deposit Insurance Corporation FDIC

    WASHINGTON – Federal bank regulatory agencies today released the 2025 list of distressed or underserved nonmetropolitan middle-income geographies where certain bank activities are eligible for Community Reinvestment Act (CRA) credit.

    Under the CRA, the agencies assess a bank’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and sound operations. The list released by the agencies includes distressed or underserved nonmetropolitan middle-income geographies where revitalization or stabilization activities are eligible to receive CRA consideration. The designations reflect local economic conditions, including unemployment, poverty, and population changes. Previous years’ lists and criteria for designating these areas are available here.

    Revitalization or stabilization activities in these geographies are eligible to receive CRA consideration under the community development definition for 12 months after publication of the current list. As with past lists, the agencies apply a one-year lag period for geographies that were included in 2024 but are no longer designated as distressed or underserved in the current list.

    The agencies leveraged an updated methodology to designate underserved middle-income census tracts for this list, based upon revised source information from various agencies. As a result, the amended urban influence codes use similar criteria and methods as previous delineations but have been consolidated from 12 to 9 categories. Additional information is available in the Source Information and Methodology.

    # # #

    Attachments:

    MEDIA CONTACT: 

    Federal Deposit Insurance Corporation                        
    LaJuan Williams-Young        
    (202) 898-3876

    Federal Reserve Board                          
    Chelsea Grate                       
    (202) 452-2955

    Office of the Comptroller of the Currency                        
    Anne Edgecomb                   
    (202) 649-6870

    MIL OSI USA News

  • MIL-OSI Security: National Defense Area established in South Texas

    Source: United States Air Force

    The U.S. Air Force will manage a new NDA covering approximately 250 miles of the Rio Grande River in Cameron and Hidalgo Counties, Texas, on land transferred from the International Boundary and Water Commission through the General Services Administration.

    MIL Security OSI

  • MIL-OSI: Compass Diversified Provides an Update on its Financial Statements Amid the Ongoing Investigation into Lugano Holding, Inc.

    Source: GlobeNewswire (MIL-OSI)

    WESTPORT, Conn., June 25, 2025 (GLOBE NEWSWIRE) — Compass Diversified (NYSE: CODI) (“CODI”) today disclosed non-reliance on its financial statements for fiscal years 2022 and 2023 amid an ongoing investigation into its subsidiary Lugano Holding, Inc. (“Lugano”). This follows CODI’s May 7 disclosure concerning non-reliance on its 2024 financial statements. As previously disclosed, the investigation has preliminarily identified irregularities in Lugano’s financing, accounting, and inventory practices.

    CODI is focused on completing the investigation, which is progressing in line with expectations, and actively working to finalize the necessary financial restatements. Importantly, the investigation is focused on Lugano and does not involve any of CODI’s other subsidiaries.

    “We remain confident in the performance and integrity of CODI’s eight other subsidiary companies, all of which continue to operate normally, have strong balance sheets, and collectively generate substantial cash flow,” said Elias Sabo, CEO of CODI. “We have ample liquidity and significant access to capital via our revolving credit facility. We continue to work constructively with our banking partners and bondholders to ensure flexibility and stability as we move forward. Our primary focus remains on maximizing long-term value for all stakeholders.”

    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including without limitation, CODI’s expectations as to the timing and outcome of the Lugano investigation, CODI’s credit availability and future liquidity, actions taken in response to the outcome of the investigation, the future performance of Lugano and CODI’s other subsidiaries, the filing or delay of CODI’s periodic reports, and the amount of any potential misstatements associated with Lugano and the impact any such misstatements may have on CODI’s previously issued financial statements or results of operations. Such forward looking statements may be identified by, among other things, the use of forward-looking terminology such as “believe,” “expect,” “may,” “could,” “would,” “plan,” “intend,” “estimate,” “predict,” “potential,” “continue,” “should” or “anticipate” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. These statements are based on beliefs and assumptions by the Board of Directors and management, and on information currently available to CODI’s Board of Directors and management. These statements involve risk and uncertainties that could cause CODI’s actual results and outcomes to differ, perhaps materially, including but not limited to: the discovery of additional information relevant to the investigation; the conclusions (and timing of those conclusions) concerning matters relating to the investigation; the timing of the review by, and the conclusions of, Grant Thornton regarding the investigation and CODI’s financial statements; a further material delay in CODI’s financial reporting or ability to hold an annual meeting of stockholders; the impacts of restatement reviews; the likelihood that the control deficiencies identified or that may be identified in the future will result in material weaknesses in CODI’s internal control over financial reporting; and commercial litigation relating to the investigation, including CODI’s representations regarding its financial statements, and the possibility of future litigation or investigation relating to CODI’s internal controls, restatement reviews, the investigation, or related matters. Please see CODI’s Annual Report on Form 10-K for the year ended December 31, 2024 for other risk factors that you should consider in connection with such forward-looking statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date such statements have been made. Except as required by law CODI does not undertake any public obligation to update any forward-looking statements to reflect events, circumstances, or new information after the date of this press release, or to reflect the occurrence of unanticipated events.

    Investor Relations
    Compass Diversified
    irinquiry@compassdiversified.com 

    The MIL Network

  • MIL-OSI: Early Warning News Release of Kursat Kacira, Chairman and President of Altai Resources Inc.

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 25, 2025 (GLOBE NEWSWIRE) — Kursat Kacira, the Chairman and President (the “Acquiror”) of Altai Resources Inc. (“Altai” or the “Company”), announced today that he has acquired a direct ownership of 373,843 common shares of the Company (the “Acquisition”), representing approximately 0.7% of the total issued and outstanding shares of the Company (the “Shares”). Prior to the Acquisition, the Acquiror directly owned 9,726,157 Shares, representing approximately 17.4% of the total issued and outstanding Shares, and indirectly owned 1,000,000 Shares, representing approximately 1.8% of the total issued and outstanding Shares. After giving effect to the Acquisition, the Acquiror has a combined direct and indirect ownership of 11,100,000 Shares, representing approximately 19.8% of the total issued and outstanding Shares. These shares are held for investment purposes.

    The above noted ownership of Altai shares has been reported in the System for Electronic Disclosure by Insiders (SEDI). The Acquiror may, from time to time, increase or decrease their securities holdings in Altai depending on market conditions or any other relevant factors.

    This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires a report to be filed under the Company’s profile on SEDAR+ (www.sedarplus.ca) containing additional information with respect to the foregoing matters.

    The name and address of the Acquiror filing the report are:

    Kursat Kacira
    c/o 895 Don Mills Road
    Two Morneau Shepell Centre, Suite 900
    Toronto, ON, M3C 1W3

    The MIL Network

  • MIL-OSI: Employers Holdings, Inc. Schedules Second Quarter 2025 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., June 25, 2025 (GLOBE NEWSWIRE) — Employers Holdings, Inc. (the “Company”) (NYSE:EIG) today announced that it will release its second quarter 2025 financial results after market close on Wednesday, July 30, 2025, after which these materials will be available on the Company’s website at www.employers.com through the “Investors” link.

    Conference Call Details
    The Company will then review these financial results via a conference call and webcast on Thursday, July 31, 2025, at 11:00 a.m. EDT / 8:00 a.m. PDT.

    To participate in the live conference call, you must first register here. Once registered you will receive dial-in numbers and a unique PIN number. The webcast will be accessible on the Company’s website at www.employers.com through the “Investors” link.

    An archived version of the webcast will be accessible on the Company’s website following the live call.

    About EMPLOYERS

    Employers Holdings, Inc. (NYSE: EIG), is a holding company with subsidiaries that are specialty providers of workers’ compensation insurance and services (collectively “EMPLOYERS®”) focused on small and mid-sized businesses engaged in low-to-medium hazard industries. EMPLOYERS leverages over a century of experience to deliver comprehensive coverage solutions that meet the unique needs of its customers. Drawing from its long history and extensive knowledge, EMPLOYERS empowers businesses by protecting their most valuable asset – their employees – through exceptional claims management, loss control, and risk management services, to create safer work environments.

    EMPLOYERS is also proud to offer Cerity®, which is focused on providing digital-first, direct-to-consumer workers’ compensation insurance solutions with fast, and affordable coverage options through a user-friendly online platform.

    EMPLOYERS operates throughout the United States, apart from four states that are served exclusively by their state funds. Insurance is offered through Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company, Employers Assurance Company, and Cerity Insurance Company, all rated A (Excellent) by AM Best. Not all companies do business in all jurisdictions. EIG Services, Inc., and Cerity Services, Inc., are subsidiaries of Employers Holdings, Inc. EMPLOYERS® is a registered trademark of EIG Services, Inc., and Cerity® is a registered trademark of Cerity Services, Inc. For more information, please visit www.employers.com and www.cerity.com.

    Contact Information
    Michael Pedraja (775) 327-2706 or mpedraja@employers.com

    The MIL Network

  • MIL-OSI: Slide Insurance Holdings, Inc. Announces Closing of the Full Exercise of Greenshoe Option Granted in the Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    TAMPA, Fla., June 25, 2025 (GLOBE NEWSWIRE) — Slide Insurance Holdings, Inc. (“Slide”) (Nasdaq: SLDE) today announced that, in connection with its previously completed initial public offering of its common stock, the underwriters have fully exercised their option to purchase an additional 3,600,000 shares of common stock from certain selling stockholders of Slide. The purchase of the additional shares closed on June 25, 2025, bringing the gross proceeds from the initial public offering to Slide and the selling stockholders to approximately $469.2 million. Slide will not receive any proceeds from the sale by such selling stockholders of the additional shares.

    Barclays and Morgan Stanley acted as joint book-running managers for the offering. Citizens Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, and Piper Sandler acted as co-managers for the offering.

    A registration statement on Form S-1 relating to the offering has been filed with the Securities and Exchange Commission and was declared effective on June 17, 2025. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the final prospectus may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (or by email at barclaysprospectus@broadridge.com or telephone at 1-888-603-5847) or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended, and otherwise in accordance with applicable securities laws in any other jurisdiction.

    About Slide

    Slide is a technology-enabled insurance company that makes it easy for homeowners to choose the right coverage for their unique needs and budgets. Slide’s cutting-edge technology leverages artificial intelligence and big data to optimize and streamline every part of the insurance process. Based in Tampa, FL, Slide was founded by Bruce and Shannon Lucas, insurance insiders with a deep understanding of how technology can be applied to achieve better underwriting outcomes.

    Contacts

    Media
    Rachel Carr
    Chief Marketing Officer
    press@slideinsurance.com

    Investors
    ir@slideinsurance.com

    The MIL Network

  • MIL-OSI: Golar LNG Limited Announces Proposed Offering of $500 Million of Convertible Senior Notes due 2030

    Source: GlobeNewswire (MIL-OSI)

    Hamilton, Bermuda, June 25, 2025 – Golar LNG Limited (the “Company”) (NASDAQ: GLNG) announces today that it intends to offer, subject to market and other conditions, $500 million aggregate principal amount of Convertible Senior Notes due 2030 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also intends to grant the initial purchasers of the Notes a 30-day option to purchase up to an additional $75 million aggregate principal amount of the Notes in connection with the offering.

    In connection with the offering of the Notes, certain of the Company’s directors and officers have provided an indication of interest to purchase the Company’s common shares from investors in the offering of the Notes, and certain entities controlled by or affiliated with the Company’s directors have provided an indication of interest to purchase Notes at the initial offering price.

    The Notes will be senior, unsecured obligations of the Company, pay interest semiannually in arrears on June 15 and December 15, mature on December 15, 2030, and be convertible into the Company’s common shares, cash, or a combination of shares and cash, at the Company’s election.

    The Company intends to use the net proceeds from the sale of the Notes (including any Notes sold pursuant to the initial purchasers’ option to purchase additional Notes, if exercised) to repurchase up to 2.5 million of the Company’s common shares in connection with the offering of the Notes and for general corporate purposes, which may include, among other things, future growth investments including a contemplated fourth FLNG unit, MKII FLNG conversion costs, FLNG Hilli redeployment costs, repaying indebtedness, and funding working capital and capital expenditures. 

    IMPORTANT INFORMATION
    This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any jurisdiction in which, or to any person to whom, such an offer, solicitation or sale would be unlawful. Any offer of the Notes will be made only by means of a private offering memorandum.

    The Notes and the shares of common stock issuable upon conversion of the Notes have not been, and will not be, registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold absent registration or an applicable exemption from registration requirements under the Securities Act and applicable state securities laws.

    This announcement contains information about a pending transaction and there can be no assurance that this transaction will be completed.

    FORWARD LOOKING STATEMENTS
    This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflect management’s current expectations, estimates and projections about its operations. All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as “will,” “may,” “could,” “should,” “would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue,” “subject to” or the negative of these terms and similar expressions are intended to identify such forward-looking statements and include statements related to the proposed offering of the Notes, the expected terms and conditions, the intended use of proceeds and other non-historical matters.

    These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict and which could cause actual outcomes and results to differ materially from what is expressed or forecasted in such forward-looking statements. Such risks include the risk that the offering of the Notes does not proceed on the terms described herein or at all and risks relating to the actual use of proceeds and other risks described in our most recent annual report on Form 20-F filed with the SEC.  You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Golar LNG Limited undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable law.

    Hamilton, Bermuda
    June 25, 2025Investor Questions: +44 207 063 7900
    Karl Fredrik Staubo – CEO
    Eduardo Maranhão – CFO
    Stuart Buchanan – Head of Investor Relations

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

    This announcement is not being made in and copies of it may not be distributed or sent into any jurisdiction in which the publication, distribution or release would be unlawful.

    The MIL Network

  • MIL-Evening Report: From HAL 9000 to ME3AN: what film’s evil robots tell us about contemporary tech fears

    Source: The Conversation (Au and NZ) – By Adam Daniel, Associate Lecturer in Communication, Western Sydney University

    © 2025 Universal Studios. All Rights Reserved.

    Filmgoers have long been captivated by stories about robots. We are fascinated by their utopian promise, their superhuman intelligence and, in the case of the cyborg, their often uncanny resemblance to humans.

    But it is the evil robot – the machine that malfunctions, rebels or was built to harm – that has most powerfully gripped the collective imagination of audiences.

    From the silent menace of Maschinenmensch in 1927’s Metropolis, to the relentless pursuit of the Terminator, to the campy violence of M3GAN, evil robots continue to resonate.

    These films not only thrill, scare and entertain audiences. They also reflect deep-seated cultural anxieties about the unpredictable consequences of the current and future human-robot relationship.

    The killer robot is far from a simple villain. It is a mirror held up to some of the most pressing cultural questions we have about human autonomy and responsibility in the digital age.

    The precarity of human control

    The enduring appeal of the evil robot narrative lies in the way horror often channels our deepest cultural anxieties about the speed of technological advancement and the precarity of human control in an increasingly digital (and robotic) world.

    In The Spark of Fear, scholar Brian Duchaney posits that improvements in technology necessitate new types of horror stories, and that horror as a genre acts out our distrust of the social advances that new technology brings.

    In the late 1960s, there was unease about the growing sophistication of computers and the impacts of the Space Race. HAL 9000 of 2001: A Space Odyssey (1968) represented this threat through a disembodied AI that icily turned against its human creators.

    The android Ash in Alien (1979) added another layer of menace, disguised as a human embedded in the spacecraft crew and programmed to prioritise corporate interests over human life. In this case, Ash became a proxy for concerns over corporate adoption of automation, and the increasing role of technology in military and industrial contexts.

    During the Cold War era, fears of nuclear annihilation and concerns over reaching a point where we could no longer switch off the machines led to the unforgettable T-800 and shape-shifting T-1000 in the first two Terminator films (1984 and 1991).

    In the 21st century, as artificial intelligence and robotics became more prevalent in everyday life, the cinematic robot has entered our homes, culminating in M3GAN’s companion-gone-rogue.

    In M3GAN (2022), Gemma (Allison Williams) is a robotics designer who creates an AI-powered companion doll to help her orphaned niece Cady (Violet McGraw) cope with her grief. But the doll becomes dangerously overprotective.

    In M3GAN 2.0 (2025), the consciousness of the titular robot appears to have survived the 2022 film and, in a move that borrows from The Terminator 2, M3GAN shifts from villain to protector.

    The new film explores the consequences of the underlying tech for M3GAN being stolen and misused by a powerful defence contractor to create a military-grade robot, known as Amelia. The only option to counteract Amelia is for Gemma to resurrect M3GAN – complete with upgrades to make her faster, stronger and more deadly.

    Our technological anxieties

    Why is M3GAN such an effective avatar for our contemporary anxieties?

    Horror theorist Noël Carroll argues that monsters are often frightening because they don’t fit neatly into normal categories. They may be “in-between” things (such as part human, part machine) or contradictory (for example a zombie: both alive and dead at the same time).

    M3GAN is a great example of both. She looks and acts like a young girl, with expressive facial features and a snarky sense of humour. But she’s really just artificial intelligence inside a robot body.

    She’s also contradictory: she is designed to care for and protect her owner, yet she does so in exceedingly violent and deadly ways. These paradoxes make her both frightening and fascinating for audiences.

    M3GAN and M3GAN 2.0 bring to the surface our technological anxieties, and defuse them through their camp qualities.

    One sequence in the earlier film sees M3GAN break into a fluid yet unsettling dance, mimicking the performance of many a TikTok teen, only for the dance to end abruptly when she snatches a paper cutter blade and returns to stalking her victim.

    This meme-ified moment – combined with some deadpan one-liners and often comically ironic facial expressions – have led to M3GAN becoming a gay icon in the wake of the original film.

    M3GAN’s campiness doesn’t completely neutralise the horror. It reformulates it, offering a cathartic release that makes the subject matter more digestible. While we feel fear, we do so without real-world consequences. The fear is disarmed through humour.

    This multifaceted horror experience more fully reflects the complexities of our evolving relationship with new technology. These relationships often move through a spectrum of concern, anxiety and fear before we find ways to manage and normalise those feelings.

    Humour and catharsis are two of these coping mechanisms. Movies provide us with a way of neatly and temporarily resolving what often remain unresolved questions.

    Films like M3GAN 2.0 illustrate how horror narratives can also transform alongside the technologies they critique, offering not only tension and jump scares, but also philosophical consideration, comedy and cathartic release.

    Adam Daniel does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. From HAL 9000 to ME3AN: what film’s evil robots tell us about contemporary tech fears – https://theconversation.com/from-hal-9000-to-me3an-what-films-evil-robots-tell-us-about-contemporary-tech-fears-258397

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Yes, Victoria’s efforts to wean households off gas have been dialled back. But it’s still real progress

    Source: The Conversation (Au and NZ) – By Trivess Moore, Associate Professor in Property, Construction and Project Management, RMIT University

    MirageC/Getty

    On the question of gas, Victoria’s government faces pressure from many directions.

    The Bass Strait wells supplying Australia’s most gas-dependent state are running dry. Gas prices shot up in 2020 and have stayed high. Natural gas is mainly methane, a potent greenhouse gas.

    But weaning more than two million gas-using households off the fossil fuel is hard. The gas lobby pushed back against proposed changes, as did the Victorian Chamber of Commerce and Industry, while resistance from some stakeholders led to a backdown on plans to phase out gas cooktops.

    That’s why the government’s decision to introduce most of the proposed changes is good news. Early plans to require dead gas heaters to be replaced with electric are gone for private housing. But from 2027, new homes have to be all-electric, while landlords will have to replace defunct gas appliances with electric and have ceiling insulation. The move will cut energy bills and accelerate the shift away from gas.

    How did we get here?

    This week’s announcement comes after lengthy consultation on changes first proposed in 2021.

    Some early responses have been supportive, though the gas industry isn’t happy, claiming the reforms will restrict customer choice and cost households more.

    Premier Jacinta Allan pitched the announcement as a way to reserve dwindling and more expensive gas supplies for industry, stating:

    by 2029, these reforms will unlock just under 12 petajoules of gas every year […] by 2035, they’ll deliver 44 PJ annually – enough to meet 85% of Victoria’s forecast industrial demand.

    What are the main changes?

    From January 2027, all newly built homes have to be all-electric. This closes a loophole in existing rules where the all-electric rule only applied to new houses requiring a planning permit.

    When a gas hot water system reaches end of life in an existing house, it will have to be replaced with an efficient electric alternative from March 2027.

    The news is even better for the rental sector.

    In 2021, the state government introduced minimum requirements for rentals. These are now being upgraded to include improved energy efficiency.

    From March 2027, new energy efficiency rules will apply to rentals and public housing, including:

    • gas hot water systems and heaters must be replaced with efficient heat pumps at end of life

    • at the start of a new lease, the rental must have draught proofing, ceiling insulation installed with a minimum R5.0 rating when there is no insulation already, and an efficient electric cooling system in the main living area.

    To help households transition, all upgrades are covered under the Victorian Energy Upgrades program which will help reduce capital costs.

    These plans are welcome. They will cut household energy bills and help meet wider sustainability goals.

    As any Victorian who has sweltered over summer or frozen through winter knows, many of the state’s houses are not great on thermal performance. Most existing homes were built before the introduction of minimum standards in the early 2000s.

    Older homes are also more likely to present health risks such as mould and damp.

    Old gas hot water units in Victoria can be repaired, but replacements will have to be electric from 2027.
    Rusty Todaro/Shutterstock

    Trade-offs proved necessary

    During the consultation period, the Victorian government floated even more ambitious plans, such as requiring all households to replace dead gas heaters with efficient electric options.

    The government originally explored making electric induction cooktops mandatory in new builds. These plans didn’t get through, potentially because of the attachment some householders feel to their gas heaters and cooktops, as we found in our research.

    The state government looks to have decided not to let perfect be the enemy of the good. Better to make significant improvements even with some trade-offs.

    When the market isn’t enough

    Policymakers usually prefer the market to find solutions rather than requiring change through regulations.

    This isn’t always possible. Here, Victoria’s gas supply challenges, subpar housing stock and the pressing need to act on climate change means regulatory nudges are needed.

    Could the government’s changes trigger a backlash? It’s possible, especially if the changes are framed as an added cost to landlords and their tenants. All-electric households are cheaper to run, but it costs money upfront to replace appliances. Waiting until an appliance’s end of life and providing upgrade subsidies will help reduce the cost impact. High gas-users save more – a Melbourne household quitting gas would save almost A$14,000 over ten years.

    18 months until launch

    The first of these changes will be in place in just 18 months.

    Schemes such as this have to be structured carefully. To ensure they work as well as possible for renters in particular, we suggest measures to avoid unintended consequences, such as means-testing any subsidy schemes to avoid leaving out lower-income households.

    We found many householders cannot access reliable information on retrofits and don’t always trust the skills and information given by tradespeople. This is why it’s vital to have accessible, independent, accurate and trustworthy support in understanding how best to replace gas appliances with electric – and how to assess tradie qualifications.

    The government’s decision to exempt rentals with existing ceiling insulation means rentals with old or compacted insulation will miss out.

    Victoria should instead look to the Australian Capital Territory, which mandates installation of new R5.0 insulation if existing insulation isn’t at least R2.

    The government must also ensure renters don’t carry the upfront cost of the upgrades in higher rent. In Sweden, rent increases linked to energy efficiency upgrades were banned.

    For the public to take to these changes, the government must ensure communication is clear and early and that any financial support is adequate and targeted to those most in need.

    Trivess Moore has received funding from various organisations including the Australian Research Council, Australian Housing and Urban Research Institute, Victorian government and various industry partners. He is a trustee of the Fuel Poverty Research Network.

    Nicola Willand has received funding for research from various organisations, including the Australian Research Council, the Victorian state government, the Lord Mayor’s Charitable Foundation, the Future Fuels Collaborative Research Centre, the National Health and Medical Research Council, Energy Consumers Australia and the British Academy. She is a trustee of the Fuel Poverty Research Network charity and affiliated with the Australian Institute of Architects.

    Sarah Robertson has received funding from various organisations, including the Australian Research Council, Australian Housing and Urban Research Institute, Victorian state government, Lord Mayor’s Charitable Foundation, and VicHealth. She is a Steering Committee member for Future Earth Australia.

    ref. Yes, Victoria’s efforts to wean households off gas have been dialled back. But it’s still real progress – https://theconversation.com/yes-victorias-efforts-to-wean-households-off-gas-have-been-dialled-back-but-its-still-real-progress-259695

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Africa: South Africa: Any Review of Labour Legislation Must Be Clear About Its Intentions, says Select Committee Chair

    Source: Africa Press Organisation – English (2) – Report:

    Download logo

    The Chairperson of the Select Committee on Economic Development and Trade, Ms Sonja Boshoff, has called on the Department of Employment and Labour to give careful thought to what it aims to achieve through the review of South Africa’s labour legislation.

    The department informed the committee that it intends to review and amend approximately six pieces of labour legislation – a process that has already commenced at Cabinet level. On Wednesday, the department presented its strategic plan and annual performance plan to the committee.

    Ms Boshoff emphasised that the review of labour legislation must take into account the country’s stagnant economy and soaring unemployment rate. “Any review or future amendment to labour legislation must be practical and responsive to the realities faced by small players in the economy. Legislation must serve as an enabler for job creation and economic growth,” she said.

    “In today’s South Africa, we should be preoccupied with reducing red tape and moving away from race-based policy positions. This is not to suggest that the economic empowerment of the previously disadvantaged should be abandoned, but rather that we must rethink our priorities and focus on the broader population – not just the politically connected.”

    Ms Boshoff added that the legislative review process must unlock economic participation, particularly for emerging and marginalised market players. “As a committee, we will not tire in advocating for conditions that make it easier to do business and that create opportunities for deserving and competent individuals. It is truly ironic that labour legislation, which should be designed to protect and promote employment, is in some cases the very reason job creation is being stifled. We still owe it to South Africans to empower both job seekers and potential employers alike,” Ms Boshoff said.

    – on behalf of Republic of South Africa: The Parliament.

    MIL OSI Africa

  • MIL-OSI USA: Rep. Dan Goldman Delivers Poignant Address on Corruption, Erosion of Accountability, and a Roadmap for Restoring Public Trust

    Source: US Congressman Dan Goldman (NY-10)

    Rep. Dan Goldman: “Democracy depends on a basic understanding: that we, the people, entrust elected officials with power in exchange for their service for the public good. That trust is not a given—it must be earned. And when those in power use their positions to enrich themselves, to favor allies, or to punish enemies, that contract begins to dissolve.” 

    Goldman: “Restoring faith in our system is going to take more than these specific and tangible legislative objectives. We can’t predict every possible ethics violation or potential corrupt deal. The voters – the people – must have higher expectations of their elected officials, and must hold them accountable.” 

    Watch the Full Address Here: 

    New York, NY – Congressman Dan Goldman (NY-10) delivered the featured speech at New York Law School’s 199th CityLaw Breakfast titled, “Democracy on the Brink: Corruption and the Public Trust.”  

    In a moment of historic political upheaval, Goldman issued a candid assessment of how public corruption and the erosion of guardrails and forms of accountability – on both sides of the political aisle and at every level of government – are threatening the very foundation of American democracy and the willingness of the public to buy into the American social contract.  

    Drawing on recent cases, public opinion data, and a call to action for institutional reform, Congressman Goldman offered both a warning and a roadmap for restoring public confidence in government and the imperative of doing so to preserve liberal democracy. 

    Remarks as prepared are available below: 

    Rep. Dan Goldman

    “We gather here today at a time when the very foundations of our democracy are enduring a stress test. 

    To be sure, we are facing threats abroad from Russia, Iran and China, and partisan gridlock in Washington makes it incredibly difficult to govern as the framers imagined.  

    But I’m not referring to those challenges, which are ones that our great nation has grappled with – and conquered – many times over our 250 year history.  

    I’m instead talking about something far more insidious — something that corrodes from within and is a more significant existential threat to the future of the republic. That threat is naked, unbridled, and brazen corruption at the highest levels of our government.   

    In so many ways, our founding fathers anticipated many potential obstacles and pitfalls in drafting the constitution – including the fundamental concept that the separation of powers among three branches of government would naturally provide the necessary checks and balances to preserve and protect the will of the people.  

    Article One confers to Congress the power of the purse and the power to declare war.  

    Article Two requires the Executive Branch to faithfully execute the laws passed by Congress and to oversee foreign relations. 

    And Article III charges the judiciary with saying what the law is, properly insulated from political pressure by lifetime tenure for judicial appointees. 

    This daring and innovative structure presupposed two assumptions that, if lacking, would crater the entire system:  

    • First, that members of one branch of government would prioritize their own power and authority over pure tribalism;  

    • and second, that the President of the United States would unconditionally believe in the validity and authority of the Constitution in the first place. 

    Sadly, we are witnessing the combination of these two conditions that has our system of government teetering on the brink. No President – not even Nixon – so disregarded the law and the constitution as Donald Trump does. And I can think of no majority in the Congress that has so completely turned over all of its own power and authority to a different branch of government as this Republican Congress has to President Trump.  

    But this inflection point did not come out of nowhere. We can have as many laws and institutions as we want, but if the American people do not have trust that those laws are fairly and equally applied or that those institutions are placing the public good ahead of personal interests, then they aren’t worth the paper they are written on or the dilapidated buildings they reside in. 

    Sadly, trust in elected representatives is at an all-time low. The National Election Study has been tracking public trust in government since 1958, when the percentage of Americans who said they trust the government to do what is right “just about always” or “most of the time” was 73 percent. In 1964 it was 77 percent. 

    Today, that number stands at a horrifying 22 percent. Only 2 percent of respondents say they trust the government to do what is right “just about always.” Two percent. Since 2007, the share of Americans saying they trust the government hasn’t broken 30 percent. 

    And while Donald Trump has taken official corruption to new lows, he is only able to do that because the erosion of the public trust has been well underway for years – by both parties, especially here in New York. 

    As the lead counsel in the first impeachment of Donald Trump for corruptly abusing his official power to try to coerce a foreign government to help his personal campaign, very little that Donald Trump does surprises me.  If there is anything that does, it is not that he is engaged in widespread abuse of his power for personal gain, but rather how openly and brazenly he is doing it.    

    Take just a couple of examples. 

    A few weeks ago, President Trump accepted a reported $400 million luxury jet from the royal family of Qatar without the consent of Congress — a clear violation of the Foreign Emoluments Clause, which requires Congress to consent to any foreign gift, title or emolument. Remember, President Ulysses S. Grant requested consent from Congress to receive the Statue of Liberty from France, and as far as I know it was never going to be used by Grant’s presidential library after he left office. 

    President Trump openly bragged about the plane just a couple of days after he announced a $2 billion financial deal with the UAE in connection to a crypto stablecoin recently issued by his own crypto company, which yielded him hundreds of millions of dollars.  He literally announced this deal on his first official international trip.  

    And he’s grifting at home too. He sold 25 VIP White House tours to the top 25 shareholders of his crypto company – without any known national security vetting – that saw the value of his shares go up by 50%.  

    Yesterday, the Senate voted on stablecoin legislation that very well may make it to the resolute desk for his signature – yes, he might be asked to sign legislation that has a direct impact on his own financial interests.  

    Remember when the public was outraged during his first term when he only ceased day-to-day involvement in the Trump Organization, rather than fully divesting his interests? 

    Now he is soliciting foreign investments in his crypto company and selling White House tours to the largest investor, and there isn’t a hint of an investigation from the Department of Justice nor from the Republican majority in Congress. 

    *************************** 

    Perhaps some of the reasons for such little outrage can be summed up in a statement I hear all the time: “oh, every politician is corrupt.” Too many people simply have come to accept an expectation that elected officials are corrupt and – someway, somehow – every politician is making money from his or her office. 

    As frustrated as I get hearing that over and over, it’s hard to argue with.  
     

    Just look here at our great city and state.  Our current mayor was charged last year for alleged honest services fraud and campaign finance violations tied to foreign money and influence. And while I do think the legal basis for the corruption charge was suspect, I couldn’t help but notice that the most common conversation I had with people about the Indictment began with the question, “is what he did really worthy of a federal indictment?”  

    In other words, expectations are so low for politicians that some degree of corruption is expected and accepted, so much so that federal charges should be saved for only the most egregious conduct.  

    Those who believe that are sadly in very good company: the Supreme Court also seems to believe that is what the law requires.  

    The running joke nowadays is that in order to be convicted of federal corruption charges, the FBI needs to find gold bars in your closet. 

    That of course is what happened to former Democratic Senator Bob Menendez of New Jersey, who was convicted of honest services fraud here in the Southern District of New York after accepting gold bars in exchange for a variety of official actions taken on behalf of the Egyptian government, which gave him the gold bars. 

    We can be frustrated that the Supreme Court has repeatedly narrowed the reach of federal corruption law but it’s not actually a close call in their mind: just about every Supreme Court ruling from the McDonell opinion to the present has been unanimous, 9-0. That includes the Buffalo Billions case and Joe Percoco here in New York, and it caused both State Senate Majority Leader Dean Skelos and Assembly Speaker Sheldon Silver to be retried before they were each ultimately convicted.   

    The fact of the matter is that both Democrats and Republicans have repeatedly succumbed to personal greed over the public good.  And while Donald Trump is attacking all forms of political accountability – including weaponizing the Department of Justice to reward his allies and punish his enemies – the stage had long ago been set for a wannabe dictator like Trump to come along and take a battering ram to a rule of law that had been fraying at the edges for some time.   

    The damage to our system goes far beyond any individual tragedy. It goes to the very foundation of our democracy.  

    Democracy depends on a basic understanding: that we, the people, entrust elected officials with power in exchange for their service for the public good. That trust is not a given—it must be earned. And when those in power use their positions to enrich themselves, to favor allies, or to punish enemies, that contract begins to dissolve.  

    That broken trust – that decaying social contract – is, in my view, what paved the way for the resurrection of the current resident of the White House. He has turned suspicion into toxic cynicism. He has turned facts into a partisan debate. He has used distrust of the system to frame himself as that system’s victim. 

    The question asked is no longer whether politicians are true to their oaths of office. It is instead a question of moral relativism – is she as bad as he is? And once the average voter believes that all politicians are corrupt, that no facts can be trusted, that the pursuit of power justifies any means necessary, the foundations of our democracy crumble and we invite a dangerous new normal: where truth is optional, ethics are flexible, and accountability is partisan. 

    There are many things to be concerned about these days.  We are dealing with many threats to the rule of law and our basic democratic values and foundations.

    But I firmly believe that the path towards restoring faith in our government – in this great experiment that we call democracy – must start by addressing public corruption.  And that is not only through revising our criminal statutes but also by altering the structure of our electoral system. 

    ********************** 

    So if you aren’t ready to crawl into a hole after that ever-so-uplifting recitation of the current state of distrust in our system, let me try to propose some ideas and solutions that can restore confidence in our elected officials – and, by extension, our government.  

    First, voters must see a renewed commitment to ethical government from candidates for office. Donald Trump has normalized the once-heretic idea that a President of the United States does not believe in the constitution. That must end, and it must end now. Not just by following the law, but by holding politicians to a higher standard – and by those within the same party.  

    It frustrates me to no end when I hear people say that some alleged misconduct is okay because the official was not criminally charged or convicted.  That is not the standard we should hold each other to.  

    A criminal conviction is an incredibly high standard – 12 unanimous jurors must find beyond a reasonable doubt that the admissible evidence was sufficient to meet every legal element of the charge.  That must not be – it can not be – the standard that elected representatives are held to.  

    Second, we must set an example by setting guardrails for ourselves. 

    Take stock trading by members of Congress.  I’ve been in Congress about two and a half years, and I’m confident that I haven’t received a single piece of confidential information through my official duties that would have helped me play the market.  But it doesn’t matter – because simply the appearance of receiving confidential information is more than enough to raise questions about whether that information was used in connection with trading stocks by members for their personal gain. 

    And that’s simply why members of Congress should not be permitted to buy and sell individual stocks.  

    When I came into Congress, I sold all of my individual stocks and put my money in a blind trust. But that should be the norm, not the exception. We must pass a law prohibiting individual stock trading by members of Congress.  We can set an example for ourselves. 

    There are other actions that we can take to restore trust in our democracy and our elected officials. 

    We must eliminate big money in politics – at a minimum there must be full transparency in campaign finance. No more dark money. Sunlight is the best disinfectant.  

    We must set clear rules and guidelines on gifts and conflicts of interests – and there must be consequences for violating them.  

    Similarly, we can no longer trust that our elected officials – especially our president – will view the plain language of the Constitution as binding. So we must pass legislation that not only creates an enforcement vehicle for the Emoluments Clause, the Hatch Act, and other ethics laws and rules, but imposes consequences as well.    

    I believe we must draft legislation to codify the independence of the Department of Justice from personal influence by the President.  The evisceration of the Public Integrity Section, the firing of so many apolitical and upstanding career prosecutors, Executive Orders by the President directing the FBI to investigate political enemies – all must be addressed and prohibited.  That is the stuff of banana republics, not a constitutional republic.  

    And finally, we need to rewrite federal public corruption law, which I am in the process of working on right now. The Supreme Court has repeatedly urged Congress to revise the corruption statute, and I plan to take them up on their suggestion. Every branch of government – elected officials, prosecutors, and judges – must have a clear understanding of what is – and is not – official corruption. 

    But restoring faith in our system is going to take more than these specific and tangible legislative objectives. We can’t predict every possible ethics violation or potential corrupt deal. The voters – the people – must have higher expectations of their elected officials, and must hold them accountable. 

    I ran for Congress to preserve and protect our democracy and ensure that the rule of law remains our nation’s guiding light. And I believe that if we are honest with the public, accountable in our actions, uncompromising in what we expect of ourselves, and courageous in our convictions, we can restore the trust that has been lost. 

    But that work starts with integrity. It starts with doing the right thing, not the easy thing. It starts with a willingness to look the American public in the eye, to admit the fault of those we share this awesome responsibility with, and to pledge that we can, we must, we will do better. 

    History is watching.” 

    ###

    MIL OSI USA News

  • MIL-OSI USA: Rep. Clyde Applauds TVA’s Rational Approach to Address Chatuge Dam Spillway Vulnerabilities

    Source: United States House of Representatives – Representative Andrew S. Clyde (R-GA)

    Rep. Clyde Applauds TVA’s Rational Approach to Address Chatuge Dam Spillway Vulnerabilities

    Gainesville, June 25, 2025

     

    GAINESVILLE, GA — Today, Representative Andrew Clyde (GA-09) released the following statement after the Tennessee Valley Authority (TVA) announced revised proposed alternatives to address Chatuge Dam spillway safety concerns. Specifically, the TVA outlined plans to conduct drawdowns of Lake Chatuge within off-season months for no more than two years, which could begin as soon as fall of 2027.

     

    “I’m incredibly pleased with the TVA’s decision to reduce drawdown durations from the agency’s previously proposed alternatives, reflecting a solution that prioritizes the economic well-being of Towns County, the structural integrity of Chatuge Dam, and worker safety,” said Clyde. “Over the past two months, I’ve worked closely with constituents, stakeholders, and TVA officials to reach the best outcome possible. I believe today’s announcement demonstrates how successful these efforts have been for all parties involved, marking an exciting win for the Ninth District.”

     

    “Throughout this process, the TVA has been very responsive to and understanding of our local community’s needs and concerns. I’m thankful for their partnership, which has resulted in a sensible path forward that effectively balances the safety of spillway operations and the continued economic prosperity of our North Georgia community. I’m also grateful for our local leaders, stakeholders, and constituents throughout Towns County for remaining highly engaged in this matter. Their effective outreach positively shaped the outcome of the TVA’s Chatuge Dam project, ensuring drawdowns and construction do not adversely impact residents’ small businesses and financial futures,” Clyde added.

     

    Last week, Rep. Clyde had a productive meeting with TVA officials, which included a briefing of the agency’s revised proposals.

     

     

    MIL OSI USA News

  • MIL-OSI Canada: Putting Alberta-made businesses on the map

    Alberta is a province where locally made businesses can reach their full potential and become known through international markets. Across the world, Alberta is recognized as a trusted trade partner thanks to its high-quality services and products and hard-working entrepreneurs. To help small- and medium-sized businesses continue to grow, Alberta’s government is investing in the Trade Accelerator Program (TAP), which empowers them to increase their exports and revenue, while also creating new jobs for Albertans.

    In 2017, TAP was established nationally and Calgary Economic Development started administering the program within Alberta in 2018. Since its creation, TAP has helped more than 550 companies in Alberta receive the knowledge, mentorship and resources they need to help their businesses grow and reach international markets.

    Through a new $2.8-million investment, Alberta’s government is ensuring Calgary Economic Development has the resources it needs to continue delivering TAP for another five years, which is expected to help up to 650 more companies.

    “Increasing trade is a priority for our government, which is why we are helping small- and medium-sized businesses grow. More than ever, we need to diversify our global trade and give businesses the tools they need to succeed. In return, Alberta will see more jobs, more investment and a stronger economy with programs like this.”

    Joseph Schow, Minister of Jobs, Economy, Trade and Immigration

    “With global markets shifting rapidly, Alberta’s small- and medium-sized businesses need every advantage to stay ahead. This support from the Government of Alberta invests in entrepreneurs’ big ideas and helps ensure that local businesses can access the tools and expertise they need to scale globally. Stronger trade capacity means stronger businesses – and a stronger, more resilient Alberta.”

    Brad Parry, president and CEO, Calgary Economic Development

    In addition to the continued operation of TAP, this funding will also facilitate the creation of a new program from Calgary Economic Development called “Levelling Up.” This program will launch in 2026 and will include additional sector- and market-specific trade programming to support businesses in their complex global market expansion needs. “Levelling Up” will also include the ongoing Global Trade Classroom Series along with online resources. It is a program designed for companies who have participated in TAP, with targeted trade support for entering more complex markets.

    “Calgary Economic Development and the Government of Alberta have been pivotal in accelerating naturemary’s growth, innovation and global reach. Their support empowers us to thrive, create jobs and elevate pain relief and wellness from Alberta to the world.”

    Kapil Kalra, president & co-founder, naturemary, (TAP alumni) 

    Companies like naturemary, Rok Water, Knead Technologies and Zeno Renewables began in Alberta as small businesses but received training and support through TAP. Now these companies, like many others, have grown to receive recognition and business in markets around the world.

    Alberta’s government remains focused on continuing to build a resilient and diversified economy that is better positioned to withstand external shocks and ensure long-term prosperity.

    Quick facts

    • TAP supports businesses across Alberta through provincewide delivery, with past sessions hosted in Calgary, Edmonton, Red Deer, Grand Prairie, Canmore, Lethbridge and Medicine Hat.
    • The program is open to any Alberta-based company and businesses can attend sessions in any region.
    • Upcoming TAP cohorts across Alberta include:
      • Calgary, Sept. 9 – Oct. 22
      • Red Deer, Oct. 15 – Nov.20
      • Edmonton, Nov. 4 – Dec. 10

    Related information

    • Trade Accelerator Program
    • Alberta Export Expansion Program
    • Government of Alberta mission calendar

    MIL OSI Canada News

  • MIL-OSI Canada: New Mental Health Group Home for Youth Opens in Prince Albert

    Source: Government of Canada regional news

    Released on June 25, 2025

    Today, the Government of Saskatchewan and Prince Albert Outreach celebrated the grand opening of Peggy’s Compass Home, a new mental health group home for youth in Prince Albert. The government is providing $800,000 in annual operating funding for the five-space home that will support youth ages 12-18 who are experiencing mental health and addictions challenges.  

    “Group homes like Peggy’s Compass Home help children and youth in crisis get the support they need close to home,” Social Services Minister Terry Jenson said. “This new group home will provide a safe, stable environment for young people to heal, grow, and access the mental health and addictions services they need to move forward.” 

    The opening of this home fulfills the 2023-24 Provincial Budget commitment to develop three mental health group homes with a $2.4 million investment. Peggy’s Compass in Prince Albert is the third home to open following EGADZ’s Garden of Hope in Saskatoon and Joe and Irene’s Home operated by Eagle Heart Centre in Regina. Each home is jointly funded by the ministries of Social Services and Health, with each ministry contributing $400,000 annually toward operational costs. 

    “I am happy to see an overall expansion of mental health care for youth through the important work that will be done at Peggy’s Compass Home,” Mental Health and Addictions Minister Lori Carr said. “By increasing our capacity to offer treatment and specialized care to address addictions and mental health challenges, we are helping youth lead healthier lives.” 

    Referrals for youth with chronic mental health and/or addictions issues to this facility will be made through a partnership with the Saskatchewan Health Authority and the Ministry of Social Services.  

    The local Youth Advisory Team collaborated with Prince Albert Outreach to develop programming for the group home using a youth-centered approach. Youth will have input into the programming, their goals and case plans and day-to-day programming. A multidisciplinary team will offer 24/7 mental health, addictions and cultural services.  

    “Today marks the beginning of a safe, supportive home for youth – Peggy’s Compass Home,” PA Outreach Program Executive Director Bill Chow said. “It honours our founder Peggy Rubin’s legacy of tireless dedication to guiding young people toward opportunity and hope. By investing in youth today, we are helping to build a stronger, brighter future for our community.” 

    The Ministry of Social Services partners with Prince Albert Outreach to provide various youth and family support initiatives including cultural services, outreach, court advocacy, a drop-in centre and additional youth-focused support services. 

    For more information about Prince Albert Outreach, visit: www.princealbertoutreach.com.

    -30-

    For more information, contact:

    MIL OSI Canada News

  • MIL-OSI USA: SPC Tornado Watch 461

    Source: US National Oceanic and Atmospheric Administration

    Note:  The expiration time in the watch graphic is amended if the watch is replaced, cancelled or extended.Note: Click for Watch Status Reports.
    SEL1

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Tornado Watch Number 461
    NWS Storm Prediction Center Norman OK
    255 PM CDT Wed Jun 25 2025

    The NWS Storm Prediction Center has issued a

    * Tornado Watch for portions of
    Northeast Iowa
    Southeast Minnesota
    Southwest Wisconsin

    * Effective this Wednesday afternoon and evening from 255 PM
    until 1000 PM CDT.

    * Primary threats include…
    A couple tornadoes possible
    Scattered damaging wind gusts to 70 mph possible

    SUMMARY…Isolated supercell thunderstorms are likely to intensify
    in the next few hours across southern Minnesota, in a moist and
    moderately sheared environment. These storms will track eastward
    across the watch area, posing a risk of a few tornadoes and damaging
    wind gusts.

    The tornado watch area is approximately along and 45 statute miles
    north and south of a line from 20 miles west northwest of Fairmont
    MN to 45 miles east of La Crosse WI. For a complete depiction of the
    watch see the associated watch outline update (WOUS64 KWNS WOU1).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Tornado Watch means conditions are favorable for
    tornadoes and severe thunderstorms in and close to the watch
    area. Persons in these areas should be on the lookout for
    threatening weather conditions and listen for later statements
    and possible warnings.

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 459…WW 460…

    AVIATION…Tornadoes and a few severe thunderstorms with hail
    surface and aloft to 1.5 inches. Extreme turbulence and surface wind
    gusts to 60 knots. A few cumulonimbi with maximum tops to 500. Mean
    storm motion vector 27030.

    …Hart

    SEL1

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Tornado Watch Number 461
    NWS Storm Prediction Center Norman OK
    255 PM CDT Wed Jun 25 2025

    The NWS Storm Prediction Center has issued a

    * Tornado Watch for portions of
    Northeast Iowa
    Southeast Minnesota
    Southwest Wisconsin

    * Effective this Wednesday afternoon and evening from 255 PM
    until 1000 PM CDT.

    * Primary threats include…
    A couple tornadoes possible
    Scattered damaging wind gusts to 70 mph possible

    SUMMARY…Isolated supercell thunderstorms are likely to intensify
    in the next few hours across southern Minnesota, in a moist and
    moderately sheared environment. These storms will track eastward
    across the watch area, posing a risk of a few tornadoes and damaging
    wind gusts.

    The tornado watch area is approximately along and 45 statute miles
    north and south of a line from 20 miles west northwest of Fairmont
    MN to 45 miles east of La Crosse WI. For a complete depiction of the
    watch see the associated watch outline update (WOUS64 KWNS WOU1).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Tornado Watch means conditions are favorable for
    tornadoes and severe thunderstorms in and close to the watch
    area. Persons in these areas should be on the lookout for
    threatening weather conditions and listen for later statements
    and possible warnings.

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 459…WW 460…

    AVIATION…Tornadoes and a few severe thunderstorms with hail
    surface and aloft to 1.5 inches. Extreme turbulence and surface wind
    gusts to 60 knots. A few cumulonimbi with maximum tops to 500. Mean
    storm motion vector 27030.

    …Hart

    Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
    SAW1
    WW 461 TORNADO IA MN WI 251955Z – 260300Z
    AXIS..45 STATUTE MILES NORTH AND SOUTH OF LINE..
    20WNW FRM/FAIRMONT MN/ – 45E LSE/LA CROSSE WI/
    ..AVIATION COORDS.. 40NM N/S /45SSE RWF – 32NW DLL/
    HAIL SURFACE AND ALOFT..1.5 INCHES. WIND GUSTS..60 KNOTS.
    MAX TOPS TO 500. MEAN STORM MOTION VECTOR 27030.

    LAT…LON 44419479 44539035 43239035 43119479

    THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
    COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
    FOR WOU1.

    Watch 461 Status Report Message has not been issued yet.

    Note:  Click for Complete Product Text.Tornadoes

    Probability of 2 or more tornadoes

    Mod (30%)

    Probability of 1 or more strong (EF2-EF5) tornadoes

    Low (10%)

    Wind

    Probability of 10 or more severe wind events

    Mod (40%)

    Probability of 1 or more wind events > 65 knots

    Low (20%)

    Hail

    Probability of 10 or more severe hail events

    Low (10%)

    Probability of 1 or more hailstones > 2 inches

    Low (

    MIL OSI USA News

  • MIL-OSI USA: National Defense Area established in South Texas

    Source: United States Air Force

    Headline: National Defense Area established in South Texas

    The U.S. Air Force will manage a new NDA covering approximately 250 miles of the Rio Grande River in Cameron and Hidalgo Counties, Texas, on land transferred from the International Boundary and Water Commission through the General Services Administration.

    MIL OSI USA News

  • MIL-OSI USA: Former Vice-President of Asphalt Paving Company Incarcerated for Bid Rigging

    Source: US State of California

    A former senior executive of a Michigan asphalt paving company was sentenced today to six months in prison and a $500,000 fine for his role in multiple conspiracies to rig bids for asphalt paving services contracts in Michigan.

    Bruce F. Israel, former vice-president of Pontiac-based Asphalt Specialists LLC (ASI), pleaded guilty in January 2024 to conspiring with Al’s Asphalt Paving Company Inc. (Al’s Asphalt), F. Allied Construction Company Inc. (Allied), and employees from those companies to rig bids in each other’s favor. Israel is one of seven individuals that have been charged as part of an ongoing federal antitrust investigation into bid rigging and other anticompetitive conduct in the asphalt paving services industry. Three companies also have been charged as part of the investigation, which to date has resulted in over $8.7 million in criminal fines.

    “Bid rigging is cheating, plain and simple,” said Assistant Attorney General Abigail Slater of the Justice Department’s Antitrust Division. “By their own admissions, the defendant and his co-conspirators cheated their customers and betrayed the basic notions of free and fair competition, all to benefit themselves. The Antitrust Division and its law enforcement partners will bring to justice all individuals who deprive the public of the benefits of competition by seeking their incarceration.”

    “Anyone choosing corporate greed over open and fair competition should take note of the sentence handed down today,” said Special Agent in Charge Anthony Licari of the Department of Transportation Office of Inspector General, Midwestern Region. “This result underscores our firm resolve and ongoing collaboration with law enforcement and prosecutorial partners to identify, expose, and dismantle any efforts to undermine the systems that exist to protect consumers.”

    “Today’s sentence reflects the seriousness of bid rigging that degrades the competitive process,” said Inspector General Tammy Hull of the United States Postal Service. “We will continue to pursue and bring to justice those companies that commit fraud by conspiring to engage in anticompetitive practices for personal gain and corporate greed.”

    According to court documents, the co-conspirators coordinated each other’s bid prices so that the agreed-upon losing company would submit intentionally non-competitive bids. These bids gave customers the false impression of competition when, in fact, the co-conspirators already had decided among themselves who would win the contracts. Israel participated in the conspiracy with Al’s Asphalt from March 2013 through November 2018 and the Allied conspiracy from July 2017 through May 2021.

    Israel’s former employer, ASI, also pleaded guilty for its participation in the Al’s Asphalt and Allied conspiracies in January 2024. Another former ASI executive, Daniel Israel, pleaded guilty for his participation in the conspiracy with Al’s Asphalt in October 2023, and a third former ASI executive, Timothy Baugher, pleaded guilty for his participation in the Allied conspiracy in January 2025. ASI was sentenced in August 2024 to pay a fine of $6,500,000.

    The Antitrust Division’s Chicago Office and the Offices of Inspectors General for the Department of Transportation and U.S. Postal Service investigated the case.

    The Antitrust Division’s Chicago Office is prosecuting the case.

    Anyone with information in connection with this investigation should contact the Antitrust Division’s Complaint Center at 888-647-3258 or visit www.justice.gov/atr/report-violations.

    MIL OSI USA News

  • MIL-OSI Security: Former Vice-President of Asphalt Paving Company Incarcerated for Bid Rigging

    Source: United States Attorneys General

    A former senior executive of a Michigan asphalt paving company was sentenced today to six months in prison and a $500,000 fine for his role in multiple conspiracies to rig bids for asphalt paving services contracts in Michigan.

    Bruce F. Israel, former vice-president of Pontiac-based Asphalt Specialists LLC (ASI), pleaded guilty in January 2024 to conspiring with Al’s Asphalt Paving Company Inc. (Al’s Asphalt), F. Allied Construction Company Inc. (Allied), and employees from those companies to rig bids in each other’s favor. Israel is one of seven individuals that have been charged as part of an ongoing federal antitrust investigation into bid rigging and other anticompetitive conduct in the asphalt paving services industry. Three companies also have been charged as part of the investigation, which to date has resulted in over $8.7 million in criminal fines.

    “Bid rigging is cheating, plain and simple,” said Assistant Attorney General Abigail Slater of the Justice Department’s Antitrust Division. “By their own admissions, the defendant and his co-conspirators cheated their customers and betrayed the basic notions of free and fair competition, all to benefit themselves. The Antitrust Division and its law enforcement partners will bring to justice all individuals who deprive the public of the benefits of competition by seeking their incarceration.”

    “Anyone choosing corporate greed over open and fair competition should take note of the sentence handed down today,” said Special Agent in Charge Anthony Licari of the Department of Transportation Office of Inspector General, Midwestern Region. “This result underscores our firm resolve and ongoing collaboration with law enforcement and prosecutorial partners to identify, expose, and dismantle any efforts to undermine the systems that exist to protect consumers.”

    “Today’s sentence reflects the seriousness of bid rigging that degrades the competitive process,” said Inspector General Tammy Hull of the United States Postal Service. “We will continue to pursue and bring to justice those companies that commit fraud by conspiring to engage in anticompetitive practices for personal gain and corporate greed.”

    According to court documents, the co-conspirators coordinated each other’s bid prices so that the agreed-upon losing company would submit intentionally non-competitive bids. These bids gave customers the false impression of competition when, in fact, the co-conspirators already had decided among themselves who would win the contracts. Israel participated in the conspiracy with Al’s Asphalt from March 2013 through November 2018 and the Allied conspiracy from July 2017 through May 2021.

    Israel’s former employer, ASI, also pleaded guilty for its participation in the Al’s Asphalt and Allied conspiracies in January 2024. Another former ASI executive, Daniel Israel, pleaded guilty for his participation in the conspiracy with Al’s Asphalt in October 2023, and a third former ASI executive, Timothy Baugher, pleaded guilty for his participation in the Allied conspiracy in January 2025. ASI was sentenced in August 2024 to pay a fine of $6,500,000.

    The Antitrust Division’s Chicago Office and the Offices of Inspectors General for the Department of Transportation and U.S. Postal Service investigated the case.

    The Antitrust Division’s Chicago Office is prosecuting the case.

    Anyone with information in connection with this investigation should contact the Antitrust Division’s Complaint Center at 888-647-3258 or visit www.justice.gov/atr/report-violations.

    MIL Security OSI

  • MIL-OSI: F&M Bank Announces Appointment of Ahmed Alomari to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    ARCHBOLD, Ohio, June 25, 2025 (GLOBE NEWSWIRE) — F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), announces the appointment of Ahmed Alomari to the Board of Directors of both the Company and the Bank. Mr. Alomari was appointed by the F&M Board of Directors on June 24, 2025, at the monthly board meeting.

    Mr. Alomari is widely recognized for his expertise in Oracle database performance and enterprise systems architecture. He founded Cybernoor in 2007 and remained CEO until it was acquired in 2021 by Buchanan Technologies [Cybernoor Info]. As part of the acquisition, Alomari became the Executive Vice President for Buchanan Technologies, overseeing the company’s database and application operations [Buchanan Technologies Appoints Ahmed Alomari as Executive VP].

    “Ahmed brings a deep level of technical expertise and a strong track record of innovation and strategic insight,” said Lars Eller, President and CEO of F&M Bank. “His knowledge of enterprise systems and data performance will be a valuable asset as we continue to enhance our digital capabilities and technology infrastructure.”

    Mr. Alomari holds a degree in Computer Science from the University of Michigan’s School of Engineering.

    About F&M Bank

    F&M Bank is a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in Troy, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

    Safe harbor statement

    Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

    Company Contact: Investor and Media Contact:
    Lars B. Eller
    President and Chief Executive Officer
    Farmers & Merchants Bancorp, Inc.
    (419) 446-2501
    leller@fm.bank
    Andrew M. Berger
    Managing Director
    SM Berger & Company, Inc.
    (216) 464-6400
    andrew@smberger.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/81637346-a2e6-4544-b7ff-fe65be09b5e1

    The MIL Network

  • MIL-OSI: F&M Bank Announces Appointment of Ahmed Alomari to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    ARCHBOLD, Ohio, June 25, 2025 (GLOBE NEWSWIRE) — F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), announces the appointment of Ahmed Alomari to the Board of Directors of both the Company and the Bank. Mr. Alomari was appointed by the F&M Board of Directors on June 24, 2025, at the monthly board meeting.

    Mr. Alomari is widely recognized for his expertise in Oracle database performance and enterprise systems architecture. He founded Cybernoor in 2007 and remained CEO until it was acquired in 2021 by Buchanan Technologies [Cybernoor Info]. As part of the acquisition, Alomari became the Executive Vice President for Buchanan Technologies, overseeing the company’s database and application operations [Buchanan Technologies Appoints Ahmed Alomari as Executive VP].

    “Ahmed brings a deep level of technical expertise and a strong track record of innovation and strategic insight,” said Lars Eller, President and CEO of F&M Bank. “His knowledge of enterprise systems and data performance will be a valuable asset as we continue to enhance our digital capabilities and technology infrastructure.”

    Mr. Alomari holds a degree in Computer Science from the University of Michigan’s School of Engineering.

    About F&M Bank

    F&M Bank is a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in Troy, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

    Safe harbor statement

    Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

    Company Contact: Investor and Media Contact:
    Lars B. Eller
    President and Chief Executive Officer
    Farmers & Merchants Bancorp, Inc.
    (419) 446-2501
    leller@fm.bank
    Andrew M. Berger
    Managing Director
    SM Berger & Company, Inc.
    (216) 464-6400
    andrew@smberger.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/81637346-a2e6-4544-b7ff-fe65be09b5e1

    The MIL Network

  • MIL-OSI: F&M Bank Announces Appointment of Ahmed Alomari to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    ARCHBOLD, Ohio, June 25, 2025 (GLOBE NEWSWIRE) — F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), announces the appointment of Ahmed Alomari to the Board of Directors of both the Company and the Bank. Mr. Alomari was appointed by the F&M Board of Directors on June 24, 2025, at the monthly board meeting.

    Mr. Alomari is widely recognized for his expertise in Oracle database performance and enterprise systems architecture. He founded Cybernoor in 2007 and remained CEO until it was acquired in 2021 by Buchanan Technologies [Cybernoor Info]. As part of the acquisition, Alomari became the Executive Vice President for Buchanan Technologies, overseeing the company’s database and application operations [Buchanan Technologies Appoints Ahmed Alomari as Executive VP].

    “Ahmed brings a deep level of technical expertise and a strong track record of innovation and strategic insight,” said Lars Eller, President and CEO of F&M Bank. “His knowledge of enterprise systems and data performance will be a valuable asset as we continue to enhance our digital capabilities and technology infrastructure.”

    Mr. Alomari holds a degree in Computer Science from the University of Michigan’s School of Engineering.

    About F&M Bank

    F&M Bank is a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in Troy, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

    Safe harbor statement

    Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

    Company Contact: Investor and Media Contact:
    Lars B. Eller
    President and Chief Executive Officer
    Farmers & Merchants Bancorp, Inc.
    (419) 446-2501
    leller@fm.bank
    Andrew M. Berger
    Managing Director
    SM Berger & Company, Inc.
    (216) 464-6400
    andrew@smberger.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/81637346-a2e6-4544-b7ff-fe65be09b5e1

    The MIL Network

  • MIL-OSI: F&M Bank Announces Appointment of Ahmed Alomari to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    ARCHBOLD, Ohio, June 25, 2025 (GLOBE NEWSWIRE) — F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), announces the appointment of Ahmed Alomari to the Board of Directors of both the Company and the Bank. Mr. Alomari was appointed by the F&M Board of Directors on June 24, 2025, at the monthly board meeting.

    Mr. Alomari is widely recognized for his expertise in Oracle database performance and enterprise systems architecture. He founded Cybernoor in 2007 and remained CEO until it was acquired in 2021 by Buchanan Technologies [Cybernoor Info]. As part of the acquisition, Alomari became the Executive Vice President for Buchanan Technologies, overseeing the company’s database and application operations [Buchanan Technologies Appoints Ahmed Alomari as Executive VP].

    “Ahmed brings a deep level of technical expertise and a strong track record of innovation and strategic insight,” said Lars Eller, President and CEO of F&M Bank. “His knowledge of enterprise systems and data performance will be a valuable asset as we continue to enhance our digital capabilities and technology infrastructure.”

    Mr. Alomari holds a degree in Computer Science from the University of Michigan’s School of Engineering.

    About F&M Bank

    F&M Bank is a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in Troy, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

    Safe harbor statement

    Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

    Company Contact: Investor and Media Contact:
    Lars B. Eller
    President and Chief Executive Officer
    Farmers & Merchants Bancorp, Inc.
    (419) 446-2501
    leller@fm.bank
    Andrew M. Berger
    Managing Director
    SM Berger & Company, Inc.
    (216) 464-6400
    andrew@smberger.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/81637346-a2e6-4544-b7ff-fe65be09b5e1

    The MIL Network

  • MIL-OSI: Fusion Fuel Announces AGM Results: All Shareholder Proposals Approved

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, June 25, 2025 (GLOBE NEWSWIRE) — via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of energy engineering, advisory, and utility solutions, today announced that all shareholder proposals were approved at the general meeting of shareholders held on June 25, 2025 (the “Annual General Meeting” or the “AGM”).

    This fulfills the Nasdaq requirement, as part of the Company’s delisting notice, to hold an Annual General Meeting. In addition, shareholder approval of the first proposal paves the way for a planned share consolidation (“Share Consolidation”) of the Company’s Class A Ordinary Shares (with a nominal value of $0.0001 per share) (the “Class A Ordinary Shares”) intended to raise the share price of the Class A Ordinary Shares above Nasdaq’s $1.00 minimum bid price requirement and position the Company to resolve this outstanding item. The Company plans to share details on the Share Consolidation and its timeline in the near future.

    John-Paul Backwell, CEO of Fusion Fuel, commented: “The AGM and the approval of all items mark another important step toward closing legacy issues and enabling management and the board of directors of the Company to focus on growth and delivering on the growth targets for the year. In particular, we look forward to continuing the strong trajectory of Al Shola Gas, advancing BrightHy Solutions, and executing on promising acquisition opportunities.”

    About Fusion Fuel Green PLC

    Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy supply, distribution, and engineering and advisory solutions through its Al Shola Gas and BrightHy brands. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, delivers innovative engineering and advisory services enabling decarbonization across hard-to-abate industries.

    Forward-Looking Statements

    This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations, which are based on assumptions as to future events that may not prove to be accurate, and are subject to inherent uncertainties, risks, and assumptions that are difficult to predict. Such forward-looking statements are subject to risks and uncertainties, including without limitation, those set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2024, filed with the Securities and Exchange Commission on May 9, 2025, which could cause actual results to differ from the forward-looking statements.

    Investor Relations Contact
    ir@fusion-fuel.eu
    www.fusion-fuel.eu

    Wire Service Contact:
    IBN
    Austin, Texas
    www.InvestorBrandNetwork.com
    512.354.7000 Office
    Editor@InvestorBrandNetwork.com

    The MIL Network

  • MIL-OSI: Micron Technology, Inc. Reports Results for the Third Quarter of Fiscal 2025

    Source: GlobeNewswire (MIL-OSI)

    Record revenue in fiscal Q3 with growth across end markets
    Fiscal Q4 revenue projected to grow another 15% sequentially

    BOISE, Idaho, June 25, 2025 (GLOBE NEWSWIRE) — Micron Technology, Inc. (Nasdaq: MU) today announced results for its third quarter of fiscal 2025, which ended May 29, 2025.

    Fiscal Q3 2025 highlights

    • Revenue of $9.30 billion versus $8.05 billion for the prior quarter and $6.81 billion for the same period last year
    • GAAP net income of $1.89 billion, or $1.68 per diluted share
    • Non-GAAP net income of $2.18 billion, or $1.91 per diluted share
    • Operating cash flow of $4.61 billion versus $3.94 billion for the prior quarter and $2.48 billion for the same period last year

    “Micron delivered record revenue in fiscal Q3, driven by all-time-high DRAM revenue including nearly 50% sequential growth in HBM revenue. Data center revenue more than doubled year-over-year and reached a quarterly record, and consumer-oriented end markets had strong sequential growth,” said Sanjay Mehrotra, Chairman, President and CEO of Micron Technology. “We are on track to deliver record revenue with solid profitability and free cash flow in fiscal 2025, while we make disciplined investments to build on our technology leadership and manufacturing excellence to satisfy growing AI-driven memory demand.”

    Quarterly Financial Results
    (in millions, except per share amounts) GAAP(1)   Non-GAAP(2)
    FQ3-25 FQ2-25 FQ3-24   FQ3-25 FQ2-25 FQ3-24
                   
    Revenue $ 9,301   $ 8,053   $ 6,811     $ 9,301   $ 8,053   $ 6,811  
    Gross margin   3,508     2,963     1,832       3,623     3,053     1,917  
    percent of revenue   37.7 %   36.8 %   26.9 %     39.0 %   37.9 %   28.1 %
    Operating expenses   1,339     1,190     1,113       1,133     1,046     976  
    Operating income   2,169     1,773     719       2,490     2,007     941  
    percent of revenue   23.3 %   22.0 %   10.6 %     26.8 %   24.9 %   13.8 %
    Net income   1,885     1,583     332       2,181     1,783     702  
    Diluted earnings per share   1.68     1.41     0.30       1.91     1.56     0.62  
                                           

    For the third quarter of 2025, investments in capital expenditures, net(2) were $2.66 billion and adjusted free cash flow(2) was $1.95 billion. Micron ended the quarter with cash, marketable investments, and restricted cash of $12.22 billion. On June 25, 2025, Micron’s Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on July 22, 2025, to shareholders of record as of the close of business on July 7, 2025.

    Business Outlook

    The following table presents Micron’s guidance for the fourth quarter of 2025:

    FQ4-25 GAAP(1)Outlook Non-GAAP(2)Outlook
    Revenue $10.7 billion ± $300 million $10.7 billion ± $300 million
    Gross margin 41.0% ± 1.0% 42.0% ± 1.0%
    Operating expenses $1.35 billion ± $20 million $1.20 billion ± $20 million
    Diluted earnings per share $2.29 ± $0.15 $2.50 ± $0.15
         

    Further information regarding Micron’s business outlook is included in the prepared remarks and slides, which have been posted at investors.micron.com.

    Investor Webcast

    Micron will host a conference call on Wednesday, June 25, 2025 at 2:30 p.m. Mountain Time to discuss its third quarter financial results and provide forward-looking guidance for its fourth quarter. A live webcast of the call will be available online at investors.micron.com. A webcast replay will be available for one year after the call. For Investor Relations and other company updates, follow us on X @MicronTech.

    About Micron Technology, Inc.

    We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, manufacturing, and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

    © 2025 Micron Technology, Inc. All rights reserved. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

    Forward-Looking Statements

    This press release contains forward-looking statements regarding our technologies, demand for our products, our investments, our industry and our financial and operating results, including our expectations and guidance for the fourth quarter of 2025 and full fiscal year. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents we file with the Securities and Exchange Commission, including our most recent Form 10-K and our upcoming Form 10-Q. These documents contain and identify important factors that could cause our actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at investors.micron.com/risk-factor. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. We are under no duty to update any of the forward-looking statements to conform these statements to actual results.

    (1) GAAP represents U.S. Generally Accepted Accounting Principles.
    (2) Non-GAAP represents GAAP excluding the impact of certain activities, which management excludes in analyzing our operating results and understanding trends in our earnings, adjusted free cash flow, and business outlook. Further information regarding Micron’s use of non-GAAP measures and reconciliations between GAAP and non-GAAP measures are included within this press release.
       
    MICRON TECHNOLOGY, INC.
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (In millions, except per share amounts)
    (Unaudited)
     
      3rd Qtr. 2nd Qtr. 3rd Qtr. Nine Months Ended
      May 29,
    2025
    February 27,
    2025
    May 30,
    2024
    May 29,
    2025
    May 30,
    2024
               
    Revenue $ 9,301   $ 8,053   $ 6,811   $ 26,063   $ 17,361  
    Cost of goods sold   5,793     5,090     4,979     16,244     14,485  
    Gross margin   3,508     2,963     1,832     9,819     2,876  
               
    Research and development   965     898     850     2,751     2,527  
    Selling, general, and administrative   318     285     291     891     834  
    Other operating (income) expense, net   56     7     (28 )   61     (267 )
    Operating income (loss)   2,169     1,773     719     6,116     (218 )
               
    Interest income   135     108     136     350     398  
    Interest expense   (123 )   (112 )   (150 )   (353 )   (426 )
    Other non-operating income (expense), net   (68 )   (11 )   10     (90 )   (24 )
        2,113     1,758     715     6,023     (270 )
               
    Income tax (provision) benefit   (235 )   (177 )   (377 )   (695 )   172  
    Equity in net income (loss) of equity method investees   7     2     (6 )   10     (11 )
    Net income (loss) $ 1,885   $ 1,583   $ 332   $ 5,338   $ (109 )
               
    Earnings (loss) per share          
    Basic $ 1.69   $ 1.42   $ 0.30   $ 4.79   $ (0.10 )
    Diluted   1.68     1.41     0.30     4.75     (0.10 )
               
    Number of shares used in per share calculations          
    Basic   1,118     1,115     1,107     1,114     1,104  
    Diluted   1,125     1,123     1,123     1,123     1,104  
    MICRON TECHNOLOGY, INC.
    CONSOLIDATED BALANCE SHEETS
    (In millions)
    (Unaudited)
     
    As of May 29,
    2025
    February 27,
    2025
    August 29,
    2024
           
    Assets      
    Cash and cash equivalents $ 10,163   $ 7,552   $ 7,041  
    Short-term investments   648     663     1,065  
    Receivables   7,436     6,504     6,615  
    Inventories   8,727     9,007     8,875  
    Other current assets   945     963     776  
    Total current assets   27,919     24,689     24,372  
    Long-term marketable investments   1,402     1,375     1,046  
    Property, plant, and equipment   44,773     42,528     39,749  
    Operating lease right-of-use assets   628     637     645  
    Intangible assets   426     423     416  
    Deferred tax assets   483     552     520  
    Goodwill   1,150     1,150     1,150  
    Other noncurrent assets   1,616     1,699     1,518  
    Total assets $ 78,397   $ 73,053   $ 69,416  
           
    Liabilities and equity      
    Accounts payable and accrued expenses $ 8,761   $ 6,176   $ 7,299  
    Current debt   538     504     431  
    Other current liabilities   836     1,197     1,518  
    Total current liabilities   10,135     7,877     9,248  
    Long-term debt   15,003     13,851     12,966  
    Noncurrent operating lease liabilities   600     599     610  
    Noncurrent unearned government incentives   603     836     550  
    Other noncurrent liabilities   1,308     1,257     911  
    Total liabilities   27,649     24,420     24,285  
           
    Commitments and contingencies      
           
    Shareholders’ equity      
    Common stock   126     126     125  
    Additional capital   12,960     12,711     12,115  
    Retained earnings   45,559     43,839     40,877  
    Treasury stock   (7,852 )   (7,852 )   (7,852 )
    Accumulated other comprehensive income (loss)   (45 )   (191 )   (134 )
    Total equity   50,748     48,633     45,131  
    Total liabilities and equity $ 78,397   $ 73,053   $ 69,416  
    MICRON TECHNOLOGY, INC.
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (In millions)
    (Unaudited)
     
    Nine Months Ended May 29,
    2025
    May 30,
    2024
         
    Cash flows from operating activities    
    Net income (loss) $ 5,338   $ (109 )
    Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
    Depreciation expense and amortization of intangible assets   6,203     5,794  
    Stock-based compensation   722     620  
    Change in operating assets and liabilities:    
    Receivables   (123 )   (2,562 )
    Inventories   148     (125 )
    Other current assets   (206 )   (435 )
    Accounts payable and accrued expenses   38     846  
    Other current liabilities   (681 )   769  
    Other   356     304  
    Net cash provided by operating activities   11,795     5,102  
         
    Cash flows from investing activities    
    Expenditures for property, plant, and equipment   (10,199 )   (5,266 )
    Purchases of available-for-sale securities   (1,203 )   (1,110 )
    Proceeds from government incentives   1,294     267  
    Proceeds from maturities and sales of available-for-sale securities   1,249     1,433  
    Other   (30 )   (35 )
    Net cash used for investing activities   (8,889 )   (4,711 )
         
    Cash flows from financing activities    
    Proceeds from issuance of debt   4,430     999  
    Repayments of debt   (3,604 )   (1,816 )
    Payments of dividends to shareholders   (392 )   (384 )
    Payments on equipment purchase contracts       (127 )
    Other   (220 )   (40 )
    Net cash provided by (used for) financing activities   214     (1,368 )
         
    Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash   (3 )   (15 )
         
    Net increase (decrease) in cash, cash equivalents, and restricted cash   3,117     (992 )
    Cash, cash equivalents, and restricted cash at beginning of period   7,052     8,656  
    Cash, cash equivalents, and restricted cash at end of period $ 10,169   $ 7,664  
    MICRON TECHNOLOGY, INC.
    RECONCILIATION OF GAAP TO NON-GAAP MEASURES
    (In millions, except per share amounts)
     
      3rd Qtr. 2nd Qtr. 3rd Qtr.
      May 29,
    2025
    February 27,
    2025
    May 30,
    2024
           
    GAAP gross margin $ 3,508   $ 2,963   $ 1,832  
    Stock-based compensation   115     89     80  
    Other       1     5  
    Non-GAAP gross margin $ 3,623   $ 3,053   $ 1,917  
           
    GAAP operating expenses $ 1,339   $ 1,190   $ 1,113  
    Stock-based compensation   (148 )   (144 )   (137 )
    Patent license charges   (57 )        
    Other   (1 )        
    Non-GAAP operating expenses $ 1,133   $ 1,046   $ 976  
           
    GAAP operating income $ 2,169   $ 1,773   $ 719  
    Stock-based compensation   263     233     217  
    Patent license charges   57          
    Other   1     1     5  
    Non-GAAP operating income $ 2,490   $ 2,007   $ 941  
           
    GAAP net income $ 1,885   $ 1,583   $ 332  
    Stock-based compensation   263     233     217  
    Patent license charges   57          
    Loss on debt prepayments   46     4      
    Other   1         3  
    Estimated tax effects of above and other tax adjustments   (71 )   (37 )   150  
    Non-GAAP net income $ 2,181   $ 1,783   $ 702  
           
    GAAP weighted-average common shares outstanding – Diluted   1,125     1,123     1,123  
    Adjustment for stock-based compensation   19     20     13  
    Non-GAAP weighted-average common shares outstanding – Diluted   1,144     1,143     1,136  
           
    GAAP diluted earnings per share $ 1.68   $ 1.41   $ 0.30  
    Effects of the above adjustments   0.23     0.15     0.32  
    Non-GAAP diluted earnings per share $ 1.91   $ 1.56   $ 0.62  
    RECONCILIATION OF GAAP TO NON-GAAP MEASURES, Continued
     
      3rd Qtr. 2nd Qtr. 3rd Qtr.
      May 29,
    2025
    February 27,
    2025
    May 30,
    2024
           
    GAAP net cash provided by operating activities $ 4,609   $ 3,942   $ 2,482  
           
    Expenditures for property, plant, and equipment   (2,938 )   (4,055 )   (2,086 )
    Payments on equipment purchase contracts           (45 )
    Proceeds from sales of property, plant, and equipment   12     7     41  
    Proceeds from government incentives   266     963     33  
    Investments in capital expenditures, net   (2,660 )   (3,085 )   (2,057 )
    Adjusted free cash flow $ 1,949   $ 857   $ 425  
     

    The tables above reconcile GAAP to non-GAAP measures of gross margin, operating expenses, operating income, net income, diluted shares, diluted earnings per share, and adjusted free cash flow. The non-GAAP adjustments above may or may not be infrequent or nonrecurring in nature but are a result of periodic or non-core operating activities. We believe this non-GAAP information is helpful in understanding trends and in analyzing our operating results and earnings. We are providing this information to investors to assist in performing analysis of our operating results. When evaluating performance and making decisions on how to allocate our resources, management uses this non-GAAP information and believes investors should have access to similar data when making their investment decisions. We believe these non-GAAP financial measures increase transparency by providing investors with useful supplemental information about the financial performance of our business, enabling enhanced comparison of our operating results between periods and with peer companies. The presentation of these adjusted amounts varies from amounts presented in accordance with U.S. GAAP and therefore may not be comparable to amounts reported by other companies. Our management excludes the following items as applicable in analyzing our operating results and understanding trends in our earnings:

    • Stock-based compensation;
    • Gains and losses from settlements;
    • Gains and losses from debt prepayments;
    • Restructure and asset impairments; and
    • The estimated tax effects of above, non-cash changes in net deferred income taxes, assessments of tax exposures, certain tax matters related to prior fiscal periods, and significant changes in tax law. The divergence between our GAAP and non-GAAP income tax provision relates to the difference in our GAAP and non-GAAP estimated annual effective tax rates, which are computed separately.

    Non-GAAP diluted shares are adjusted for the impact of additional shares resulting from the exclusion of stock-based compensation from non-GAAP income.

    MICRON TECHNOLOGY, INC.
    RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK
     
    FQ4-25   GAAP Outlook   Adjustments   Non-GAAP Outlook
                   
    Revenue $10.7 billion ± $300 million         $10.7 billion ± $300 million
    Gross margin 41.0% ± 1.0%   1.0%   A   42.0% ± 1.0%
    Operating expenses $1.35 billion ± $20 million   $147 million   B   $1.20 billion ± $20 million
    Diluted earnings per share(1) $2.29 ± $0.15   $0.21   A, B, C   $2.50 ± $0.15
    Non-GAAP Adjustments
    (in millions)
               
                   
    A Stock-based compensation – cost of goods sold   $ 119  
    B Stock-based compensation – research and development     93  
    B Stock-based compensation – sales, general, and administrative     54  
    C Tax effects of the above items and other tax adjustments     (27 )
                  $ 239  
    (1) GAAP earnings per share based on approximately 1.13 billion diluted shares and non-GAAP earnings per share based on approximately 1.15 billion diluted shares.
       

    The tables above reconcile our GAAP to non-GAAP guidance based on the current outlook. The guidance does not incorporate the impact of any potential business combinations, divestitures, additional restructuring activities, balance sheet valuation adjustments, strategic investments, financing transactions, and other significant transactions. The timing and impact of such items are dependent on future events that may be uncertain or outside of our control.

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