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Michael McCroskey

Financial Advisor and Broker at Principal Securities, Inc.

Michael Arthur McCroskey is a Financial Advisor and Broker at Principal Securities, Inc., providing advisory services and securities brokerage to individual and institutional clients. He holds FINRA registration (CRD# 2970688), with required securities licenses to act on behalf of clients in regulated financial transactions, and has maintained an active record with the firm for several years. Based in Pigeon Forge, Tennessee, McCroskey's career with Principal Securities reflects a focus on diverse investment products, though specific company coverage, performance metrics, and external analyst recognitions are not publicly documented. His professional credentials confirm his compliance with industry regulatory standards and commitment to ethical financial advising.

Michael McCroskey's questions to ALLIENT (ALNT) leadership

Question · Q3 2024

Michael McCroskey of Principal Securities, Inc. asked for the rationale behind the amended credit facility covenants, the timing of the negotiations, and management's comfort level with the new leverage limits given the current market uncertainty.

Answer

James Michaud, CFO, explained the covenant amendment was a proactive measure to ensure financial flexibility amid macroeconomic uncertainties, allowing the company to execute its reorganization strategy without constraint. Richard Warzala, Chairman, President and CEO, added that a crucial part of the new agreement was the ability to get credit for up to $4 million in restructuring costs, which was not previously allowed. Michaud affirmed they have sufficient cushion and do not anticipate testing the new covenant limits significantly.

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