0001396279-16-000215.txt : 20160920 0001396279-16-000215.hdr.sgml : 20160920 20160920163717 ACCESSION NUMBER: 0001396279-16-000215 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160915 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160920 DATE AS OF CHANGE: 20160920 FILER: COMPANY DATA: COMPANY CONFORMED NAME: hhgregg, Inc. CENTRAL INDEX KEY: 0001396279 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RADIO TV & CONSUMER ELECTRONICS STORES [5731] IRS NUMBER: 208819207 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33600 FILM NUMBER: 161894214 BUSINESS ADDRESS: STREET 1: 4151 EAST 96TH STREET CITY: INDIANAPOLIS STATE: IN ZIP: 46240 BUSINESS PHONE: 317-848-8710 MAIL ADDRESS: STREET 1: 4151 EAST 96TH STREET CITY: INDIANAPOLIS STATE: IN ZIP: 46240 8-K 1 form8-k91616.htm 8-K Document


 
 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
 
Form 8-K
 
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 15, 2016
 
 
 
hhgregg, Inc.
(Exact name of registrant as specified in its charter)
 
 
 

Commission File Number: 001-33600
 
 
 
 
Indiana
 
47-4850538
(State or other jurisdiction
of incorporation)
 
(IRS Employer
Identification No.)
4151 East 96th Street
Indianapolis, Indiana 46240
(Address of principal executive offices, including zip code)
(317) 848-8710
(Registrant’s telephone number, including area code)
                         
(Former name or former address, if changed since last report)
 
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 






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
 


2




 SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
HHGREGG, INC.
 
 
 
 
Dated: September 20, 2016
/s/ Kevin J. Kovacs
 
Kevin J. Kovacs
 
SVP, Chief Financial Officer


3




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




4

EX-99.1 2 andrettiboardannouncement_.htm EXHIBIT 99.1 Exhibit

Exhibit 99.1
andrettiboardannounce_image1.gif

HHGREGG ADDS MICHAEL ANDRETTI TO ITS BOARD OF DIRECTORS
Retailer and Entrepreneur See Eye-to-Eye When It Comes to Delivering Excellence

INDIANAPOLIS (SEPTEMBER 16, 2016) – hhgregg (NYSE:HGG), a leading appliances, electronics and furniture retailer, has added Michael Andretti of Andretti Autosport to its Board of Directors.

Andretti currently serves as the chairman, president and CEO of Andretti Autosport, the team he co-founded in 2002 when he hung up his helmet and set out to parlay his on-track success into prosperous new business ventures.

"Michael has proven to be a results-driven professional in both his racing and business careers," said Cathy Langham, Chairperson of the Board of Directors of hhgregg. "I am eager to add his vision, marketing and leadership experience to the board dynamic."

As a driver, Michael had arguably one of the most successful careers in CART history, with an astounding 42 victories. After stepping out of his car, he co-founded Andretti Green Racing, which would eventually be named Andretti Autosport. Since its inception, his team has been a model of consistency, with over 150 victories across various racing platforms and including nine championships in four different series, four Indianapolis 500 wins and two X Games Gold Medals.

“We’re thrilled to bring Michael onto the hhgregg team because, first and foremost, he has always been a proven winner, both on the track and off,” said Bob Riesbeck, President & CEO of hhgregg. “He embodies everything hhgregg stands for: entrepreneurial spirit, innovative products, focus and determination, and a commitment to excellence that is second to none.”

It’s that entrepreneurial spirit that has taken the Andretti business not just to the winner’s circle, but extending beyond its IndyCar roots. In 2004, he played an instrumental role in spearheading the IndyCar Series first-ever street course event in St. Petersburg, FL. Behind Andretti’s savvy business and marketing acumen, the race was a monumental success and since has grown into one of the premier weekends for the racing Series.

He has also recently launched his brand into other racing arenas with much success; now competing in Global Rallycross and the FIA Formula E Championship, taking on new challenges and crossing his brand over into new global audiences.

“I’m proud to be a part of the hhgregg team,” said Andretti. “As an Indianapolis-based company, I’ve always been aware of their strong presence both locally and nationally. I’m looking forward to bringing some of the Andretti team vision to the position and helping them continue to build a formidable brand.”

Andretti will begin serving on hhgregg’s Board of Directors on September 15, 2016.







ABOUT hhgregg
Founded in 1955, Indianapolis-based hhgregg is a multi-regional retailer with 226 brick-and-mortar stores in 20 states. hhgregg's product assortment includes market-leading brands in home appliances, consumer electronics and technology for the home. The retailer's online presence (hhgregg.com) give consumers nationwide access to global and local lifestyle home products.

Media Contact:
Sarah Davis
Edelman
(312) 240-3176
Sarah.Davis@edelman.com



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