hhgregg, Inc. (NYSE:HGG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

hhgregg, Inc. (NYSE:HGG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective on June 6, 2017, hhgregg, Inc. (the “Company”) terminated the employment of each of Robert J. Riesbeck, the Chief Executive Officer and President of the Company; Tom Schuetz, the Chief Information Officer of the Company; and Aaron Trahan, the Chief Merchandising Officer of the Company. On June 6, 2017, Robert J. Riesbeck also tendered his resignation as a director on the Board of Directors of the Company (the “Board”). As a result of the resignation of Mr. Riesbeck, the size of the Board was reduced to two directors. There was no disagreement between any of the individuals and the Company on any matter relating to the Company’s operations, policies or practices.
Effective June 7, 2017, the Board appointed Kevin J. Kovacs, the Chief Financial Officer of the Company, to serve as the President and Chief Executive Officer of the Company in addition to his role as Chief Financial Officer of the Company, until his resignation or removal.

About hhgregg, Inc. (NYSE:HGG)

hhgregg, Inc. (hhgregg) is an appliance, electronics and furniture retailer. The Company operates as a multi-regional retailer with approximately 230 brick-and-mortar stores in 20 states that also offer global and local brands across the nation through hhgregg.com. It also sells a suite of services, including third-party premium service plans (PSPs), third-party in-home service and repair of its products, delivery and installation, and in-home repair and maintenance. The Company sells a range of appliances, audio products, computers, consumer electronics, mattresses and tablets. The Company sells appliances, including washers and dryers, refrigerators, cooking ranges, dishwashers, freezers and air conditioners; consumer electronics, including televisions, Blu-Ray and digital versatile disc (DVD) players, audio and small electronics; computers and tablets, including computers, computer accessories and tablets, and home products, including bedding and home furniture.

An ad to help with our costs