Overstock.com, Inc. (NASDAQ:OSTK) Files An 8-K Other EventsItem 8.01Other Information.
On January 5, 2018 the Compensation Committee of the board of directors of Overstock.com, Inc. (“Overstock”), authorized a bonus payment of $33,760, payable in bitcoin, to Jonathan E. Johnson III as part of a bonus pool Overstock’s wholly-owned subsidiary Medici Ventures, Inc. (“Medici”), is paying its employees for managing cryptocurrencies held by Medici during 2017. The bonus payment is based on the increase in the value of the cryptocurrencies from August 1, 2017 to December 31, 2017 and was paid on or about January 9, 2018. Mr. Johnson, who serves as President and a director of Medici, is also a named executive officer and member of the board of directors of Overstock.
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About Overstock.com, Inc. (NASDAQ:OSTK)
Overstock.com, Inc. is an online retailer offering a range of merchandise, including furniture, home decor, bedding and bath, houseware, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods, among other products. The Company operates through two segments: direct business and partner business. Its direct business includes sales made to individual consumers and businesses. For the Company’s partner business, it sells merchandise from manufacturers, distributors and other suppliers. The Company also sells books, magazines, compact discs (CDs), digital versatile discs (DVDs) and video games under books, movies, music and games (BMMG) category. It sells these products through its Internet Websites located at www.overstock.com, www.o.co and www.o.biz. The Company offers approximately 877,000 non-BMMG products and 1.1 million BMMG products.
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