hhgregg CEO Now An Activist At His Own Company
hhgregg CEO, Dennis May, filed a 13D today on the struggling appliance retailer. He's been at hhgregg since 1999 and been and CEO since 2009. He owns 5.5% and his plans are generic, including:
Mr. May acquired the shares of Common Stock as a personal investment.
Mr. May may determine from time to time in the future, based on market and general economic conditions, the business affairs and financial conditions of the Company, the availability of securities at favorable prices and alternative investment opportunities available to him, and other factors that he may deem relevant, to acquire additional securities of the Company in the open market, in privately negotiated transactions or otherwise, or to sell some or all of the securities he now holds or hereafter acquires as set forth above or otherwise.