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HGG > SEC Filings for HGG > Form 8-K on 20-Sep-2016All Recent SEC Filings

Show all filings for HHGREGG, INC.

Form 8-K for HHGREGG, INC.


Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Stat

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 15, 2016, the Board of Directors of hhgregg, Inc. ("hhgregg") increased the number of directors of hhgregg from nine to ten and elected Michael Andretti as a director to hhgregg's Board of Directors. Mr. Andretti, 53, currently serves as the Chairman, President and Chief Executive Officer of Andretti Autosport Holding Company, Inc., an auto racing team operations company, a position he has held since 2003. Prior to 2003, Mr. Andretti was a full-time professional driver in the Champion Auto Racing Team (CART) league. Mr. Andretti also serves as Chairman of the Andretti Foundation, a charitable organization. Mr. Andretti brings to hhgregg extensive experience in marketing, team leadership and savvy entrepreneurial business acumen.
Gregg Appliances Inc., a subsidiary of hhgregg, ("Gregg Appliances") has a sponsorship agreement through December 31, 2018, with Andretti Autosport 2, Inc. ("Andretti Autosport"), a subsidiary of Andretti Autosport Holding Company, Inc. Pursuant to the agreement, Andretti Autosport receives $2.75 million annually for the 2017 and 2018 racing seasons, from Gregg Appliances to sponsor an Andretti Autosport racing team.

Item 7.01. Regulation FD Disclosure.

On September 16, 2016, the Company announced via press release the election of Michael Andretti as a director of the Company. The press release is attached hereto as Exhibit 99.1 and incorporated by reference into this item.

Item 9.01. Financial Statements and Exhibits.

Exhibit No. Description
99.1 Press Release dated September 16, 2016

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