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BANKING
• Bank of St. George, currently being organized, has added Fred Lampropoulos to its board of directors. Lampropoulos, involved in the medical device industry for more than 30 years, served as chairman and chief executive of Utah Medical and founded Merit Medical Systems Inc. in 1987. He currently serves as the company’s chairman and CEO. Lampropoulos joins eight other board members of the bank.
• D.L. Evans Bank, based in Idaho, has promoted David Mumm to vice president branch manager of the bank’s new branch in Logan. Mumm has over 30 years of banking experience and was previously a vice president commercial loan officer at the D.L. Evans Bank South Ogden branch.
DIVIDENDS
• The board of directors of Nu Skin Enterprises Inc., Provo, has declared a quarterly cash dividend of 37.5 cents per share. The dividend will be paid June 10 to shareholders of record May 29. Nu Skin focuses on consumer products, product manufacturing and controlled-environment agriculture technology.
• The board of directors of Utah Medical Products Inc., Salt Lake City, has approved a quarterly cash dividend of 28 cents per share of common stock. The dividend is payable July 3 to shareholders of record June 17. Utah Medical develops, manufactures and markets disposable and reusable specialty medical devices.
• The board of directors of Huntsman Corp., with main offices in Utah and Texas, has declared a 16.25-cent cash dividend on its common stock. The dividend is payable June 30 to stockholders of record June 15. Huntsman manufactures and markets chemicals.
• The board of directors of Dominion Energy has declared a quarterly dividend of 94 cents per share of common stock. The dividend is payable June 20 to shareholders of record June 5. The Virginia-based company provides has more than 7 million customers in 20 states with electricity or natural gas, including natural gas in Utah.
• The board of directors of Clarus Corp., Salt Lake City, announced that, in light of the COVID-19 pandemic, it has temporarily replaced its quarterly cash dividend with a stock dividend. Each Clarus stockholder will receive 0.00234 of a share of Clarus common stock for each share of stock held on May 11. The company will distribute the stock dividend May 22. The quarterly stock dividend will have a value of 2.5 cents per share. No fractional shares will be issued, and stockholders will receive cash for fractional interests based on the closing market price of Clarus common stock on May 11. Clarus is focused on the outdoor and consumer industries.
ECONOMIC INDICATORS
• Utah has only 10 percent of households without Internet connectivity, according to SatelliteInternet.com. That puts Utah second, behind only Washington state, among the best-connected states. Mississippi was ranked as worst-connected. Data analysts at SatelliteInternet.com used the percentage of households that don’t have an internet subscription to find “Internet deserts.” The data came from the U.S. Census Bureau’s American Community Survey.
EDUCATION/TRAINING
• Western Governors University, Salt Lake City, has appointed Mark David Milliron to lead its Teachers College as senior vice president and executive dean. WGU said Milliron will drive the strategic direction of the college, which currently enrolls more than 27,000 students in all 50 states. Milliron has worked with colleges and universities, K-12 schools, corporations, nonprofit organizations and government agencies across the country and around the world. He is co-founder of Civitas Learning, where he served as chief learning officer and executive director of the Next-Generation Leadership Academy. In addition, he served as faculty-in-residence in the College of Education at the University of Texas at Austin. Earlier, he was the founding chancellor for WGU Texas and deputy director for postsecondary success at the Bill & Melinda Gates Foundation.
• The Lassonde Entrepreneur Institute at the University of Utah is raising funds to support students affected by the COVID-19 pandemic. The initiative was inspired by a $150,000 matching gift from Pierre Lassonde. The institute said the funds will help students through scholarship assistance, aiding entrepreneurs at the undergraduate and graduate levels through the Lassonde Founders program and the Master of Business Creation. Details are at https://www.givecampus.com/schools/DavidEcclesSchoolofBusiness/covid-19-support-for-lassonde-students#updates.
HEALTHCARE
• ELITechGroup Inc., a Logan-based clinical laboratory diagnostic equipment and reagents, has named Diana Mejia as area sales manager for Latin America. She will be in charge of managing a product portfolio of Aerospray Stainers, Cytocentrifuges, Sweat Test Systems and Vapor Pressure Osmometers to customers throughout Latin America. Mejia has 16 years of laboratory and medical sales experience.
• 5 For The Fight, a movement inviting people to give $5 for the fight against cancer, has launched a fellowship program at Huntsman Cancer Institute to attract new talent to the fight. The 5 For The Fight Fellowship program will sponsor nine early-career researchers at the institute. Applications are currently being accepted. Researchers selected for the fellowship will each receive $50,000 annually for three years. Awardees will be announced in June. An additional $150,000 will be used to help disseminate the results of the research projects and to promote collaboration with other leading cancer researchers and institutions. 5 For The Fight was started by Qualtrics in 2016 as a way to crowdfund cancer research.
INVESTMENTS
• ELearning Brothers, an American Fork-based learning solutions company, has received a $38 million investment from RLG Capital and Trinity Private Equity Group. Co-investors include HCAP Partners and Eagle Marsh Holdings, with a senior debt facility provided by KeyBank NA.
REAL ESTATE
• Utah Valley University has closed on the acquisition of a building at 2912 W. Executive Parkway, Lehi, at Thanksgiving Point, after a two-year process. The building has over 103,000 square feet. Brandon Fugal and Brent Haight of Colliers International facilitated the transaction for both UVU and Hayman Properties.
RECOGNITIONS
• Thirteen Utah companies have been named among the Best Workplaces of 2020, Inc. magazine’s fifth annual ranking of the top private companies to work for in America. Among companies with 500 or more employees are 1-800 Contacts, Draper; BambooHR, Lindon; Health Catalyst, Salt Lake City; Podium, Lehi; and Weave, Lehi. Among companies with 250 to 499 employees are Divvy, Lehi; HireVue, South Jordan; Lendio, Lehi; and MX, Lehi. Among companies with 50 to 99 employees are 97th Floor, Lehi; and JourneyTeam, Draper. Among companies with 25 to 49 employees are Big Cartel, Salt Lake City; and Scalar, Draper. Employees from nearly 2,500 companies of all sizes and industries took part in a survey, conducted by Omaha’s Quantum Workplace, on topics including trust, management effectiveness, perks, and confidence in the future. Inc. gathered, analyzed and audited the data.
RETAIL
• The Gateway in Salt Lake City has announced limited in-restaurant dining and extended hours of operation for several merchants. Several restaurants and stores had already been offering curbside pick-up from their individual locations. Some merchants are now offering limited in-person dining and shopping. Details about what is open is at http://www.atthegateway.com/center-updates/.
• Industrial Supply Co., Salt Lake City, has promoted Chad Littlefield to vice president of human resources and people solutions. Littlefield previously was the company’s manager of human resources. He has over 25 years of experience in human resources within the manufacturing, distribution, and service industries. He joined Industrial Supply in 2014 and quickly became a member of the company’s senior leadership team.
SERVICES
• Incorporate Massage, a Salt Lake City-based corporate massage company, has completed its rebrand as Zenovate. The rebrand accompanies the company’s release of a new platform providing stress management solutions and reflects the company’s shift from services to technology, it said.
TRANSPORTATION
• Keystone Aviation, a TAC Air company and private jet charter, aircraft management and maintenance company, has hired J. Dan Govatos as director of operations, based in Salt Lake City. Govatos will focus on aircraft operations, safety and training while strengthening aviation industry best practices and relationships. A pilot for more than 30 years, including time as captain on Airbus, Boeing, Falcon and Gulfstream, Govatos also served as director of operations, director of safety, director of training and chief pilot.
TRAVEL & TOURISM
• The Utah Office of Tourism and Visit Salt Lake are partnering to create and produce “Mighty Main Street: Places and Faces of Utah,” a weekly radio program introducing and highlighting locally owned small businesses in Utah. It airs weekly on KSL Radio 102.7 FM and 1160 AM from noon-1 p.m. each Sunday. It is hosted by Chris Redgrave. Each program will feature three to four business organizations and individuals within the visitor economy spanning various industries, backgrounds and communities throughout Utah. Each weekly program will also be available as a podcast on Apple Podcasts, Google Podcasts, Spotify and Stitcher.