Pendergraft

Defense attorney Joe Cheshire of Raleigh, who also helped represent Taylor, called Pendergraft's description of how the SBI handled lab reports and bench notes "a semantic absurdity."

TheSunNews.com: Local 2010

Volunteers who would like to help set up the gift bags on Dec. 19 and then assist at the party on Dec. 20 are asked to call Pendergraft at 860-7780.

courierpress.com Stories Victoria Grabner 2009

"We continue to move ahead with our 2011 plan, which calls for reducing quarterly losses and generating a small profit excluding first quarter non-operating items for the year," Mr. Pendergraft said.

Director of Clearing Firm Penson Resigns Amid Collateral Disclosure Jacob Bunge 2011

Penson has signed 16 new client deals since the mid-May collateral disclosure sent its share price diving by 50% over two days, according to Chief Executive Philip Pendergraft , and "few" customers have expressed the desire to shift their business elsewhere, he said.

Penson CEO: Muted Fallout From Collateral Disclosure Jacob Bunge 2011

"Penson Worldwide remains strongly financed, with ample excess regulatory capital and a solid business, and none of this affects or involves any correspondents or their customers," Philip Pendergraft , chief executive of Penson, said in a statement.

Director of Clearing Firm Penson Resigns Amid Collateral Disclosure Jacob Bunge 2011

In his Thursday statement, Mr. Pendergraft called the selloff in Penson shares "unwarranted."

Director of Clearing Firm Penson Resigns Amid Collateral Disclosure Jacob Bunge 2011

Mr. Pendergraft, a co-founder of the Dallas-based company, said the company expected no loss tied to the bondholding and believed that Penson could collect the receivables "within a reasonable period of time."

Penson CEO: Muted Fallout From Collateral Disclosure Jacob Bunge 2011

Nevertheless, Mr. Pendergraft told investors Thursday, "it would be foolish to say we expect no impact on our customer base," though any customer departures would be "very unlikely" to be material given strong customer relationships.

Penson CEO: Muted Fallout From Collateral Disclosure Jacob Bunge 2011

"As I've said to many of you in this room, we recognize that we handled that disclosure poorly," Mr. Pendergraft said, speaking at an event hosted by Sandler O'Neill.

Penson CEO: Muted Fallout From Collateral Disclosure Jacob Bunge 2011

Speaking to reporters Thursday, Mr. Pendergraft said he couldn't comment on any deal approaches, though the firm "regularly" reviews strategic alternatives.

Penson CEO: Muted Fallout From Collateral Disclosure Jacob Bunge 2011