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Board of Directors declared a distribution

On November 4, 2024 DuArt Film Laboratories, Inc. announced that it's Board of Directors declared a distribution of $3.13 per share of common stock (common voting, cusip 262507403 and common non-voting, cusip 262507304).  The distribution will be payable on December 13, 2024 to shareholders of record as of December 2, 2024.

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Oscar-winning film lab selling Midtown property after 100 years, The Real Deal

DuArt Media asks $38M for 12-story building at 245 West 55th Street.

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The  Two Brothers Who Shaped US Indie Cinema, Hyperallergic

Metrograph’s series The Process features films that were either directed by Robert M. Young or made with the help of Irving Young’s postproduction facility.

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NYC’s Metrograph Theater Highlights Indie Cinema Innovators in Series “The Process: A Tribute to Robert and Irwin Young” Filmmaker Mag

New York’s Metrograph Theater will pay homage to the “unsung” innovators of New York City’s independent film landscape in their repertory series The Process: A Tribute to Robert and Irwin Young. Running from August 12 through 21, the series highlights the directorial work of Robert M. Young as well as a slew of renowned titles that were processed at the now-defunct DuArt Film Laboratories, where his brother Irwin Young acted as owner and chairman until his death earlier this year at the age of 94.
 

DU-ART FILM LABORATORIES, INC. TO EXCHANGE ONE SHARE OF VOTING

COMMON STOCK AND NINE SHARES OF NON-VOTING COMMON STOCK HOLDERS OF COMMON STOCK IN LIEU OF PREVIOUSLY ANNOUNCED NON-VOTING STOCK DIVIDEND

FOR IMMEDIATE RELEASE – New York, New York, August 8, 2022/ -- Du-Art Film
Laboratories, Inc. (DAFL) announced today that in lieu of the previously announced issuance to
holders of record of Duart’s common stock as of the close of business on December 29, 2021 of
nine shares of its Non-Voting Common Stock for each share of Voting Common Stock of Duart
held by such holders, that DuArt will instead by issuing one share of a newly issued voting
common stock and nine shares of newly issued non-voting common stock in exchange for each
share of common stock outstanding as of the close of business on August 9, 2022. The following
table sets forth the CUSIP number for the shares being exchanged and the new shares being
issued and the exchange rate.

Exchanged Shares CUSIP

262507 106

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New Shares CUSIP

262507 403
and

262507 304

 

Rate per Exchanged Share
One
Nine

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Remembering DuArt Film Laboratories Chairman Irwin Young

   

FILMMAKER MAG,  Scott Macaulay: That DuArt Film Laboratory’s Irwin Young passed away on the first day of Sundance 2022 is deeply poignant. For anyone making independent films in the 1960s, 1970s, 1980s, and 1990s, there was only one “Irwin.” Link to full article.

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Irwin Young, Patron of Independent Filmmakers, Is Dead at 94

   

NYTIMES, Richard Sandomir: As the head of a prominent film processing laboratory, he helped directors like Spike Lee, Michael Moore and Frederick Wiseman early in their careers. Link to full article.

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Ira Deutchman Tributes DuArt’s Irwin Young, Indie Hero

   

INDIEWIRE, Ira Deutchman: People forget that the arts have always required champions, and this is as true today as ever. Irwin Young was one of those champions. Link to full article.