8-K

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): August 25, 2017

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 8.01 Other Events.

On August 25, 2017, hhgregg, Inc. (the "Company") filed the Monthly Operating Reports for the period from July 1, 2017 to July 31, 2017 with the United States Bankruptcy Court for the Southern District of Indiana (the “Bankruptcy Court”). A copy of the Monthly Operating Reports are attached as Exhibit 99.1, Exhibit 99.2 and Exhibit 99.3 to this report and are incorporated by reference into this item 8.01.

The Company cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Report, which was not prepared for the purpose of providing the basis for an investment decision relating to any of the Company’s securities.  The Monthly Operating Report is limited in scope, covers a limited time period, and has been prepared solely for the purpose of complying with the monthly reporting requirements of the Office of the United States Trustee.  The Monthly Operating Report was not audited or reviewed by independent accountants, is in a format prescribed by applicable requirements of the Office of the United States Trustee and is subject to future adjustment and reconciliation.  There can be no assurance that, from the perspective of an investor or potential investor in the Company’s securities, the Monthly Operating Report contains any information beyond that required by the Office of the United States Trustee.  The Monthly Operating Report also contains information for periods that are shorter or otherwise different from those required in the Company’s reports pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and such information might not be indicative of the Company’s financial condition or operating results for the period that would be reflected in the Company’s financial statements or in its reports pursuant to the Exchange Act.  Results set forth in the Monthly Operating Report should not be viewed as indicative of future results.

This report and Exhibit 99.1, Exhibit 99.2 and Exhibit 99.3 to this report may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the Company’s financial condition, results of operations, and business that is not historical information.  As a general matter, forward-looking statements are those focused upon future or anticipated events or trends and expectations and beliefs relating to matters that are not historical in nature.  The words “believe,” “expect,” “plan,” “intend,” “estimate,” or “anticipate” and similar expressions, as well as future or conditional verbs such as “will,” “should,”  “would,” and “could,” often identify forward-looking statements.  The Company believes that there is a reasonable basis for its expectations and beliefs, but they are inherently uncertain, and the Company may not realize its expectations and its beliefs may not prove correct.  The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.  The Company’s actual results and future financial condition may differ materially from those described or implied by any such forward-looking statements as a result of many factors that may be outside the Company’s control.  Such factors include, without limitation, developments in the bankruptcy proceedings, the results of liquidation sales and other matters.

Item 9.01. Financial Statements and Exhibits

Exhibit No.	Description
99.1	Monthly Operating Report for the Period from July 1, 2017 to July 31, 2017-Gregg Appliances, Inc.
99.2	Monthly Operating Report for the Period from July 1, 2017 to July 31, 2017-hhgregg, Inc.
99.3	Monthly Operating Report for the Period from July 1, 2017 to July 31, 2017-HHG Distributing LLC

SIGNATURES

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.
Date: August 30, 2017	By:	/s/ Kevin J. Kovacs
		Kevin J. Kovacs
		President, Chief Executive Officer and Chief Financial Officer

Exhibit Index

Exhibit No.	Description
99.1	Monthly Operating Report for the Period from July 1, 2017 to July 31, 2017-Gregg Appliances, Inc.
99.2	Monthly Operating Report for the Period from July 1, 2017 to July 31, 2017-hhgregg, Inc.
99.3	Monthly Operating Report for the Period from July 1, 2017 to July 31, 2017-HHG Distributing LLC

EX-99.1

					Exhibit 99.1
UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE
In re	Gregg Appliances, Inc.		Case No.	17-01303-11
	Debtors
"MONTHLY OPERATING REPORT Gregg Appliances, Inc."
INDEX TO CONDENSED FINANCIAL STATEMENTS AND SCHEDULES
CONDENSED FINANCIAL STATEMENTS						Page
	Condensed Statement of Income					2
	Condensed Balance Sheet					3
	Condensed Statement of Cash Flows					4
SCHEDULES
	Schedule 1 -	Total Disbursements				5
	Schedule 2 -	Bank Reconciliations				6
	Schedule 3 -	Total Disbursements to Retained Professionals				7
	Schedule 4 -	Summary of Unpaid Post-Petition Debts				8
	Schedule 5 -	Schedule of Federal, State, and Local Taxes Collected, Received, Due or Withheld				9
	Schedule 6 -	Accounts Receivable Aging				10
	Schedule 7 -	Questionnaire				11
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the documents attached are true and correct to the best of my knowledge and belief.
Signature of Debtor			Date
Signature of Joint Debtor			Date
/s/ Kevin Kovacs			8/25/2017
Signature of Authorized Individual*			Date
Kevin Kovacs			CFO
Printed Name of Authorized Individual			Title of Authorized Individual
* Authorized individual must be an officer, director, or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

Gregg Appliances, Inc.
DEBTORS AND DEBTORS IN POSSESSION
Condensed Consolidated Statement of Income (unaudited)
	For the Period of
	July 1, 2017 to
(In Thousands)	July 31, 2017
Net Sales	$	(1	)
Cost of Goods Sold	9
Gross Profit	(11		)
Operating Expenses:
Advertising Expense, Net	—
Occupancy Costs	(553		)
Data Communications	111
Repair and Maintenance	(65		)
Company Insurance (Non-Medical)	(6		)
Employee Benefits	69
Wage Expense	456
Employee Services	—
Travel and Entertainment	1
Bank Transaction Fees	28
Professional Fees	3,369
Stock Compensation Expense (Benefit), Net	—
Gain/Loss on Early Extinguishment of Debt	—
Depreciation and Amortization	—
Administrative and Sales Expense	24
Product Services Expense	(6		)
Bad Debts	—
Total Operating Expenses	3,427
Operating Income	(3,438		)
Interest Expense, net	641
Other Income/(Expense)	171
Income Before Taxes	$	(3,909	)
Income Tax Expense/(Benefit)	0
Net Income	$	(3,909	)

Gregg Appliances, Inc.
DEBTORS AND DEBTORS IN POSSESSION
Condensed Consolidated Balance Sheet (unaudited)
	As of
(In Thousands)	7/31/2017
Assets
Cash	$	501
Credit Card and Trade Accounts Receivable, Net	5,611
Accounts Receivable - Other	28,448
Merchandise Inventories	2,379
Prepaid Expenses and Other Assets	14,663
Income Taxes Receivable	70
Total Current Assets	51,672
Property and Equipment, Net	—
Capitalized Financing Fees, Net	2,589
Goodwill	—
Trademarks, Net	—
Other Assets, Net	2,471
Total Assets	56,732
Liabilities and Stockholders' Deficit
Accounts Payable	14,459
Outstanding Customer Deposits, Credits, Refunds	1,274
Unredeemed Gift Card Liability	15
Other Accrued Expenses	3,070
Deferred Tax Liability	—
DIP Loans	19,402
Total Current Liabilities	38,221
Deferred Rent	—
LT Deferred Compensation	234
Other Long-term Liabilities	1,026
Liabilities Subject to Compromise	$	191,888
Total Liabilities	231,368
Preferred Stock	—
Common Stock	4
Retained Earnings / (Accumulated Deficit)	(329,187		)
Treasury Stock	(150,228		)
Additional Paid-in Capital	304,775
Total Stockholders' Deficit	(174,636		)
Total Liabilities and Stockholders' Deficit	$	56,732

Gregg Appliances, Inc.
DEBTORS AND DEBTORS IN POSSESSION
Condensed Consolidated Statement of Cash Flows (unaudited)
	For the Period of
	July 1, 2017 to
(In Thousands)	July 31, 2017
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	(389	)
Cash flows from investing activities:
Purchases of property and equipment	—
Proceeds from sale of property and equipment	—
Other	—
Net cash used in investing activities	—
Cash flows from financing activities:
Net Borrowings (Repayments) on Line of Credit	285
	285
Increase/(decrease) in cash and cash equivalents	(104		)
Cash and cash equivalents at beginning of period	605
Cash and cash equivalents at end of period	$	501

Gregg Appliances, Inc.
DEBTORS AND DEBTORS IN POSSESSION
Total Disbursements by Filed Legal Entity (unaudited)
(In Thousands)
For the Period of July 1, 2017 to July 31, 2017
Legal Entity	Case Number	Disbursements
Gregg Appliances, Inc.	17-01303-11	$	1,009

Gregg Appliances, Inc.
DEBTORS AND DEBTORS IN POSSESSION
Bank Reconciliations (unaudited)
(In Thousands)
G/L Acct	Account Name	Bank Acct #	Debtor	Description	Bank Balance		Ledger Balance		As of Date	Reconciled
1000	Master Operating Account	938169174	Gregg Appliances, Inc.	Operating Account	—		—		7/31/2017	No
1001	Corporate Account	multiple accounts	Gregg Appliances, Inc.	Corporate AR deposit account, All retail locations depository account	—		101		7/31/2017	No
1003	Flex Benefits	938168515	Gregg Appliances, Inc.	Flex Benefits Payments	—		—		7/31/2017	Yes
1010	RCC Returned Checks	938168127	Gregg Appliances, Inc.	Returned check concentration	—		—		7/31/2017	Yes
1013	Ohio Workers Compensation	938168341	Gregg Appliances, Inc.	Ohio Workers Comp Claims	—		—		7/31/2017	Yes
1016	Cash Concentration	938169455	Gregg Appliances, Inc.	Cash Dominion	14		14		7/31/2017	No
1042	PayPal	938183472	Gregg Appliances, Inc.	HR Insurance Collections - Leave Associates	—		—		7/31/2017	Yes
1050	Payroll	938169802	Gregg Appliances, Inc.	Off Cycle Payroll	—		(13.00	)	7/31/2017	Yes
1051	Disbursements	938169729	Gregg Appliances, Inc.	Checking	—		(145.00	)	7/31/2017	No
1055	Restricted - utilities Escrow	938157500	Gregg Appliances, Inc.	Utility Escrow	530		530		7/31/2017	Yes
1060	WF Commercial Card	4608112090	Gregg Appliances, Inc.	Corporate Card / Virtual Card Account	(6	)	9		7/31/2017	No

Gregg Appliances, Inc.
DEBTORS AND DEBTORS IN POSSESSION
Total Disbursements to Retained Professionals (unaudited)
(In Thousands)
For the Period of July 1, 2017 to July 31, 2017
Retained Professionals		Approved Amounts (1)		Disbursements
MORGAN, LEWIS & BOCKIUS LLP	Legal Services	1,019		—
STIFEL, NICOLAUS & COMPANY INC	Bankruptcy Services	—		—
BERKELEY RESEARCH GROUP LLC	Bankruptcy Services	—		—
DONLIN, RECANO & COMPANY INC	Bankruptcy Services	—		—
ICE MILLER LLP	Legal Services	763		—
MALFITANO PARTNERS	Bankruptcy Services	66		—
COOLEY LLP	Bankruptcy Services	1,045		—
BINGHAM GREENEBAUM DOLL LLP	Bankruptcy Services	67
PROVINCE, INC.	Bankruptcy Services	390		—
Total		$	3,349	$	—
(1) Approved amounts represent the amount of fees and expenses that were approved and eligible to be paid by the Debtors to each professional during July 2017.

Gregg Appliances, Inc.
DEBTORS AND DEBTORS IN POSSESSION
Summary of Unpaid Post-Petition Debts (unaudited)
As of 7/31/2017
(In Thousands)
Gregg Appliances, Inc. (17-01303-11)
			Number of Days Past Due
	Current		0-30		31-60		61-90		Over 90		Total
Accounts Payable	$	115	$	731	$	267	$	558	$	640	$	2,311
Wages Payable	213		—		—		—		—		213
Taxes Payable (1)	707		2		43		4		200		957
Rent/Leases-Building	23		215		—		2		7,204		7,444
Utilities Payable (2)	499		122		513		113		6		1,253
Insurance Reserves	1,929		—		—		—		—		1,929
Secured Debt/Adequate Protection Payments	—		—		—		—		—		—
Professional Fees	526		786		1,540		261		—		3,112
Amounts Due to Insiders	—		—		—		—		—		—
Outstanding Customer Deposits, Credits, Refunds (1)	1,274		—		—		—		—		1,274
Unredeemed Gift Card Liability (1)	15		—		—		—		—		15
Deferred Rent	—		—		—		—		—		—
LT Deferred Compensation	234		—		—		—		—		234
Other (1)	1,301		—		1		31		4		1,337
Total Post-Petition Debts	$	6,836	$	1,856	$	2,364	$	969	$	8,054	$	20,079
(1) Any past due taxes payable relate to unpaid business license fees for 2017, as well as unpaid gross receipts taxes payable beginning in June 2017.
(2) Aging information for payables other than trade payables is not readily available. As such, all other post-petition payables have been categorized in the Current bucket.

Gregg Appliances, Inc.
DEBTORS AND DEBTORS IN POSSESSION
Schedule of Federal, State, & Local Taxes Collected, Received, Due or Witheld (unaudited)
(In Thousands)
For the Period of July 1, 2017 to July 31, 2017
	Beginning Tax Liability		Amount Withheld or Accrued		Amount Paid		Date Paid	Check No. or EFT	Ending Tax Liability
Federal
Withholding	—		62.00		(62	)	7/14; 7/28	EFT	—
FICA - Employee	—		21		(21	)	7/14; 7/28	EFT	—
FICA - Employer	5.00		31		(21	)	7/14; 7/28	EFT	16.00
Unemployment	—		—		—		7/14; 7/28	EFT	—
Income	—								—
Total Federal Taxes	5		115		(105	)			16
State and Local
Withholding	—		14		(14	)	7/14; 7/28	EFT	—
Sales and Use	(1	)	(5	)	(21	)	7/19/2017	Wire	(27	)
Excise	—		—		—				—
Unemployment	—		—		—		7/14; 7/28	EFT	—
Real Property	3,502		—		—				3,502
Personal Property	1,648		—		(2	)	7/24/2017	Applied against business license refund check	1,646
Other	103		(51	)	—				52
Total State and Local	5,252		(42	)	(37	)			5,173

Gregg Appliances, Inc.
DEBTORS AND DEBTORS IN POSSESSION
Accounts Receivable Aging (unaudited)
(In Thousands)
As of July 31, 2017
Accounts Receivable Reconciliation	Credit Card Receivables			Trade Accounts Receivable			Total Credit Card and Trade Accounts Receivable
Total Accounts Receivable at the beginning of the reporting period	$	(256	)	$	5,952		$	5,696.00
+ Amounts billed during the period	—			—			$	—
- Amounts collected during the period	—			(41		)	$	(41	)
- Other Adjustments (Writeoffs/Credit Memos/Adjustments/Chargebacks/Signifyd Funding)	(45		)	—			$	(44	)
Total Accounts Receivable at the end of the reporting period	$	(301	)	$	5,911		$	5,611
As of July 31, 2017
Accounts Receivable Aging
< 90	450			704			$	1,154
91+	(751		)	5,208.00			$	4,457
Total Accounts Receivable	(301		)	5,912			$	5,611
Amount Considered Uncollectible	—			—			$	—
Accounts Receivable, Net	$	(301	)	$	5,912		$	5,611
NOTES
(1) Credit Card Receivable Aging has been estimated, as all credit card settlement was turned off in June 2017. Therefore, all balances are at least 60 days old as of 7/31/17.
(2) No reserves have been recorded against credit card receivables.
(3) $34.3M of Accounts Receivable - Other exists at 7/31/2017 for which aging information is not readily available.
(4) The Credit Card Receivables are in a payable position at 7/31/2017 as a result of turning off settlement with credit card companies in June, thereby, owing the credit card companies, specifically Synchrony, for various ongoing adjustments and chargebacks.

Gregg Appliances, Inc.
DEBTORS AND DEBTORS IN POSSESSION
Questionnaire
				Yes	No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.					X
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.					X
3. Have all post-petition tax returns been filed timely? If no, provide an explanation below.				X
4. Are workers compensation, general liability, and other necessary insurance coverages in effect? If no, provide an explanation below.				X
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.					X
Account Name	Purpose	Business	Acct Number	Bank Name	Date

EX-99.2

					Exhibit 99.2
UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE
In re	hhgregg, Inc., et al		Case No.	17-01302-11
	Debtors
"MONTHLY OPERATING REPORT hhgregg, Inc."
INDEX TO CONDENSED FINANCIAL STATEMENTS AND SCHEDULES
CONDENSED FINANCIAL STATEMENTS						Page
	Condensed Statement of Income					2
	Condensed Balance Sheet					3
	Condensed Statement of Cash Flows					4
SCHEDULES
	Schedule 1 -	Total Disbursements				5
	Schedule 2 -	Bank Reconciliations				6
	Schedule 3 -	Total Disbursements to Retained Professionals				7
	Schedule 4 -	Summary of Unpaid Post-Petition Debts				8
	Schedule 5 -	Schedule of Federal, State, and Local Taxes Collected, Received, Due or Withheld				9
	Schedule 6 -	Accounts Receivable Aging				10
	Schedule 7 -	Questionnaire				11
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the documents attached are true and correct to the best of my knowledge and belief.
Signature of Debtor			Date
Signature of Joint Debtor			Date
/s/ Kevin Kovacs			8/25/2017
Signature of Authorized Individual*			Date
Kevin Kovacs			CFO
Printed Name of Authorized Individual			Title of Authorized Individual
* Authorized individual must be an officer, director, or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

hhgregg, Inc.
DEBTORS AND DEBTORS IN POSSESSION
Condensed Consolidated Statement of Income (unaudited)
	For the Period of
	July 1, 2017 to
(In Thousands)	July 31, 2017
Net Sales	$	—
Cost of Goods Sold	—
Gross Profit	—
Operating Expenses:
Advertising Expense, Net	—
Occupancy Costs	—
Data Communications	—
Repair and Maintenance	—
Company Insurance (Non-Medical)	—
Employee Benefits	—
Wage Expense	—
Employee Services	—
Travel and Entertainment	—
Bank Transaction Fees	—
Professional Fees	—
Stock Compensation Expense (Benefit), Net	—
Gain/Loss on Early Extinguishment of Debt	—
Depreciation and Amortization	—
Administrative and Sales Expense	—
Product Services Expense	—
Bad Debts	—
Total Operating Expenses	—
Operating Income	—
Interest Expense, net	—
Other Income/(Expense)	—
Income Before Taxes	—
Income Tax Expense/(Benefit)	—
Net Income	$	—

hhgregg, Inc.
DEBTORS AND DEBTORS IN POSSESSION
Condensed Consolidated Balance Sheet (unaudited)
	As of
(In Thousands)	7/31/2017
Assets
Cash	$	—
Credit Card and Trade Accounts Receivable, Net	—
Accounts Receivable - Other	—
Merchandise Inventories	—
Prepaid Expenses and Other Assets	—
Income Taxes Receivable	—
Total Current Assets	—
Property and Equipment, Net	—
Capitalized Financing Fees, Net	—
Goodwill	—
Trademarks, Net	—
Other Assets, Net	—
Total Assets	—
Liabilities and Stockholders' Deficit
Accounts Payable	—
Outstanding Customer Deposits, Credits, Refunds	—
Unredeemed Gift Card Liability	—
Other Accrued Expenses	—
Deferred Tax Liability	—
DIP Loans	—
Total Current Liabilities	—
Deferred Rent	—
LT Deferred Compensation	—
Other Long-term Liabilities	—
Liabilities Subject to Compromise	$	—
Total Liabilities	—
Preferred Stock	—
Common Stock	—
Retained Earnings / (Accumulated Deficit)	—
Treasury Stock	—
Additional Paid-in Capital	—
Total Stockholders' Deficit	—
Total Liabilities and Stockholders' Deficit	$	—

hhgregg, Inc.
DEBTORS AND DEBTORS IN POSSESSION
Condensed Consolidated Statement of Cash Flows (unaudited)
	For the Period of
	July 1, 2017 to
(In Thousands)	July 31, 2017
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	—
Cash flows from investing activities:
Purchases of property and equipment	—
Proceeds from sale of property and equipment	—
Other	—
Net cash used in investing activities	—
Cash flows from financing activities:
Net Borrowings (Repayments) on Line of Credit	—
	—
Increase/(decrease) in cash and cash equivalents	—
Cash and cash equivalents at beginning of period	—
Cash and cash equivalents at end of period	$	—

hhgregg, Inc. et al
DEBTORS AND DEBTORS IN POSSESSION
Total Disbursements by Filed Legal Entity (unaudited)
(In Thousands)
For the Period of July 1, 2017 to July 31, 2017
Legal Entity	Case Number	Disbursements
hhgregg, Inc.	17-01302-11	—

hhgregg, Inc., et al
DEBTORS AND DEBTORS IN POSSESSION
Bank Reconciliations (unaudited)
(In Thousands)
G/L Acct	Account Name	Bank Acct #	Debtor	Description	Bank Balance	Ledger Balance	As of Date	Reconciled
NOTE: No bank accounts are held by hhgregg, Inc.

hhgregg, Inc., et al
DEBTORS AND DEBTORS IN POSSESSION
Total Disbursements to Retained Professionals (unaudited)
(In Thousands)
For the Period of July 1, 2017 to July 31, 2017
Retained Professionals		Approved Amounts (1)		Disbursements
MORGAN, LEWIS & BOCKIUS LLP	Legal Services	556		—
STIFEL, NICOLAUS & COMPANY INC	Bankruptcy Services	—		—
BERKELEY RESEARCH GROUP LLC	Bankruptcy Services	661		—
DONLIN, RECANO & COMPANY INC	Bankruptcy Services	—		—
ICE MILLER LLP	Legal Services	415		—
MALFITANO PARTNERS	Bankruptcy Services	54		—
COOLEY LLP	Bankruptcy Services	442		—
PROVINCE, INC.	Bankruptcy Services	148		—
Total		$	2,277	$	—
(1) Approved amounts represent the amount of fees and expenses eligible to be paid by the Debtors to each professional by June 30, 2017.

hhgregg, Inc.
DEBTORS AND DEBTORS IN POSSESSION
Summary of Unpaid Post-Petition Debts (unaudited)
As of 7/31/2017
(In Thousands)
hhgregg, Inc. (17-01302-11)
		Number of Days Past Due
	Current	0-30	31-60	61-90	Over 90	Total
Accounts Payable	—	—	—	—	—	—
Wages Payable	—	—	—	—	—	—
Taxes Payable	—	—	—	—	—	—
Rent/Leases-Building	—	—	—	—	—	—
Utilities Payable	—	—	—	—	—	—
Insurance Reserves	—	—	—	—	—	—
Secured Debt/Adequate Protection Payments	—	—	—	—	—	—
Professional Fees	—	—	—	—	—	—
Amounts Due to Insiders	—	—	—	—	—	—
Outstanding Customer Deposits, Credits, Refunds (1)	—	—	—	—	—	—
Unredeemed Gift Card Liability	—	—	—	—	—	—
Deferred Rent	—	—	—	—	—	—
LT Deferred Compensation	—	—	—	—	—	—
Other	—	—	—	—	—	—
Total Post-Petition Debts	—	—	—	—	—	—

hhgregg, Inc., et al
DEBTORS AND DEBTORS IN POSSESSION
Schedule of Federal, State, & Local Taxes Collected, Received, Due or Witheld (unaudited)
(In Thousands)
For the Period of July 1, 2017 to July 31, 2017
	Beginning Tax Liability	Amount Withheld or Accrued	Amount Paid	Date Paid	Check No. or EFT	Ending Tax Liability
Federal
Withholding	—	—	—			—
FICA - Employee	—	—	—			—
FICA - Employer	—	—	—			—
Unemployment	—	—	—			—
Income	—	—	—			—
Total Federal Taxes	—	—	—			—
State and Local
Withholding	—	—	—			—
Sales and Use	—	—	—			—
Excise	—	—	—			—
Unemployment	—	—	—			—
Real Property	—	—	—			—
Personal Property	—	—	—			—
Other	—	—	—			—
Total State and Local	—	—	—			—

hhgregg, Inc., et al
DEBTORS AND DEBTORS IN POSSESSION
Accounts Receivable Aging (unaudited)
(In Thousands)
As of July 31, 2017
Accounts Receivable Reconciliation	Credit Card Receivables		Trade Accounts Receivable		Total Credit Card and Trade Accounts Receivable
Total Accounts Receivable at the beginning of the reporting period	$	—	$	—	$	—
+ Amounts billed during the period	—		—		$	—
- Amounts collected during the period	—		—		$	—
- Other Adjustments (Writeoffs/Credit Memos/Adjustments/Chargebacks/Signifyd Funding)	—		—		$	—
Total Accounts Receivable at the end of the reporting period	$	—	$	—	$	—
As of July 31, 2017
Accounts Receivable Aging
< 90	—		—		$	—
91+	—		—		$	—
Total Accounts Receivable	—		—		$	—
Amount Considered Uncollectible	—		—		$	—
Accounts Receivable, Net	$	—	$	—	$	—
NOTES

hhgregg, Inc.
DEBTORS AND DEBTORS IN POSSESSION
Questionnaire
				Yes	No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.					X
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.					X
3. Have all post-petition tax returns been filed timely? If no, provide an explanation below.				X
4. Are workers compensation, general liability, and other necessary insurance coverages in effect? If no, provide an explanation below.				X
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.					X
Account Name	Purpose	Business	Acct Number	Bank Name	Date

EX-99.3

					Exhibit 99.3
UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE
In re	HHG Distributing LLC		Case No.	17-01304-11
	Debtors
"MONTHLY OPERATING REPORT HHG Distributing LLC
INDEX TO CONDENSED FINANCIAL STATEMENTS AND SCHEDULES
CONDENSED FINANCIAL STATEMENTS						Page
	Condensed Statement of Income					2
	Condensed Balance Sheet					3
	Condensed Statement of Cash Flows					4
SCHEDULES
	Schedule 1 -	Total Disbursements				5
	Schedule 2 -	Bank Reconciliations				6
	Schedule 3 -	Total Disbursements to Retained Professionals				7
	Schedule 4 -	Summary of Unpaid Post-Petition Debts				8
	Schedule 5 -	Schedule of Federal, State, and Local Taxes Collected, Received, Due or Withheld				9
	Schedule 6 -	Accounts Receivable Aging				10
	Schedule 7 -	Questionnaire				11
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the documents attached are true and correct to the best of my knowledge and belief.
Signature of Debtor			Date
Signature of Joint Debtor			Date
/s/ Kevin Kovacs			8/25/2017
Signature of Authorized Individual*			Date
Kevin Kovacs			CFO
Printed Name of Authorized Individual			Title of Authorized Individual
* Authorized individual must be an officer, director, or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

HHG Distributing LLC
DEBTORS AND DEBTORS IN POSSESSION
Condensed Consolidated Statement of Income (unaudited)
	For the Period of
	July 1, 2017 to
(In Thousands)	July 31, 2017
Net Sales	$	—
Cost of Goods Sold	—
Gross Profit	—
Operating Expenses:
Advertising Expense, Net	—
Occupancy Costs	—
Data Communications	—
Repair and Maintenance	—
Company Insurance (Non-Medical)	—
Employee Benefits	—
Wage Expense	—
Employee Services	—
Travel and Entertainment	—
Bank Transaction Fees	—
Professional Fees	—
Stock Compensation Expense (Benefit), Net	—
Gain/Loss on Early Extinguishment of Debt	—
Depreciation and Amortization	—
Administrative and Sales Expense	—
Product Services Expense	—
Bad Debts	—
Total Operating Expenses	—
Operating Income	—
Interest Expense, net	—
Other Income/(Expense)	—
Income Before Taxes	—
Income Tax Expense/(Benefit)	—
Net Income	$	—

HHG Distributing LLC
DEBTORS AND DEBTORS IN POSSESSION
Condensed Consolidated Balance Sheet (unaudited)
	As of
(In Thousands)	7/31/2017
Assets
Cash	$	—
Credit Card and Trade Accounts Receivable, Net	—
Accounts Receivable - Other	—
Merchandise Inventories	—
Prepaid Expenses and Other Assets	—
Income Taxes Receivable	—
Total Current Assets	—
Property and Equipment, Net	—
Capitalized Financing Fees, Net	—
Goodwill	—
Trademarks, Net	—
Other Assets, Net	—
Total Assets	—
Liabilities and Stockholders' Deficit
Accounts Payable	—
Outstanding Customer Deposits, Credits, Refunds	—
Unredeemed Gift Card Liability	—
Other Accrued Expenses	—
Deferred Tax Liability	—
DIP Loans	—
Total Current Liabilities	—
Deferred Rent	—
LT Deferred Compensation	—
Other Long-term Liabilities	—
Liabilities Subject to Compromise	$	—
Total Liabilities	—
Preferred Stock	—
Common Stock	—
Retained Earnings / (Accumulated Deficit)	—
Treasury Stock	—
Additional Paid-in Capital	—
Total Stockholders' Deficit	—
Total Liabilities and Stockholders' Deficit	$	—

HHG Distributing LLC
DEBTORS AND DEBTORS IN POSSESSION
Condensed Consolidated Statement of Cash Flows (unaudited)
	For the Period of
	July 1, 2017 to
(In Thousands)	July 31, 2017
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	—
Cash flows from investing activities:
Purchases of property and equipment	—
Proceeds from sale of property and equipment	—
Other	—
Net cash used in investing activities	—
Cash flows from financing activities:
Net Borrowings (Repayments) on Line of Credit	—
	—
Increase/(decrease) in cash and cash equivalents	—
Cash and cash equivalents at beginning of period	—
Cash and cash equivalents at end of period	$	—

HHG Distributing LLC
DEBTORS AND DEBTORS IN POSSESSION
Total Disbursements by Filed Legal Entity (unaudited)
(In Thousands)
For the Period of July 1, 2017 to July 31, 2017
Legal Entity	Case Number	Disbursements
HHG Distributing LLC	17-01304-11	—

HHG Distributing LLC
DEBTORS AND DEBTORS IN POSSESSION
Bank Reconciliations (unaudited)
(In Thousands)
G/L Acct	Account Name	Bank Acct #	Debtor	Description	Bank Balance	Ledger Balance	As of Date	Reconciled
NOTE: No bank accounts are held by HHG Distributing LLC.

HHG Distributing LLC
DEBTORS AND DEBTORS IN POSSESSION
Total Disbursements to Retained Professionals (unaudited)
(In Thousands)
For the Period of July 1, 2017 to July 31, 2017
Retained Professionals		Approved Amounts (1)	Disbursements
MORGAN, LEWIS & BOCKIUS LLP	Legal Services	556	—
STIFEL, NICOLAUS & COMPANY INC	Bankruptcy Services	—	—
BERKELEY RESEARCH GROUP LLC	Bankruptcy Services	661	—
DONLIN, RECANO & COMPANY INC	Bankruptcy Services	—	—
ICE MILLER LLP	Legal Services	415	—
MALFITANO PARTNERS	Bankruptcy Services	54	—
COOLEY LLP	Bankruptcy Services	442	—
PROVINCE, INC.	Bankruptcy Services	148	—
Total		$2,277	$	—
(1) Approved amounts represent the amount of fees and expenses eligible to be paid by the Debtors to each professional by June 30, 2017.

HHG Distributing LLC
DEBTORS AND DEBTORS IN POSSESSION
Summary of Unpaid Post-Petition Debts (unaudited)
As of 7/31/2017
(In Thousands)
HHG Distributing LLC (17-01304-11)
		Number of Days Past Due
	Current	0-30	31-60	61-90	Over 90	Total
Accounts Payable	—	—	—	—	—	—
Wages Payable	—	—	—	—	—	—
Taxes Payable	—	—	—	—	—	—
Rent/Leases-Building	—	—	—	—	—	—
Utilities Payable	—	—	—	—	—	—
Insurance Reserves	—	—	—	—	—	—
Secured Debt/Adequate Protection Payments	—	—	—	—	—	—
Professional Fees	—	—	—	—	—	—
Amounts Due to Insiders	—	—	—	—	—	—
Outstanding Customer Deposits, Credits, Refunds (1)	—	—	—	—	—	—
Unredeemed Gift Card Liability	—	—	—	—	—	—
Deferred Rent	—	—	—	—	—	—
LT Deferred Compensation	—	—	—	—	—	—
Other	—	—	—	—	—	—
Total Post-Petition Debts	—	—	—	—	—	—

HHG Distributing LLC
DEBTORS AND DEBTORS IN POSSESSION
Schedule of Federal, State, & Local Taxes Collected, Received, Due or Witheld (unaudited)
(In Thousands)
For the Period of July 1, 2017 to July 31, 2017
	Beginning Tax Liability	Amount Withheld or Accrued	Amount Paid	Date Paid	Check No. or EFT	Ending Tax Liability
Federal
Withholding	—	—	—			—
FICA - Employee	—	—	—			—
FICA - Employer	—	—	—			—
Unemployment	—	—	—			—
Income	—	—	—			—
Total Federal Taxes	—	—	—			—
State and Local
Withholding	—	—	—			—
Sales and Use	—	—	—			—
Excise	—	—	—			—
Unemployment	—	—	—			—
Real Property	—	—	—			—
Personal Property	—	—	—			—
Other	—	—	—			—
Total State and Local	—	—	—			—

HHG Distributing LLC
DEBTORS AND DEBTORS IN POSSESSION
Accounts Receivable Aging (unaudited)
(In Thousands)
As of July 31, 2017
Accounts Receivable Reconciliation	Credit Card Receivables		Trade Accounts Receivable		Total Credit Card and Trade Accounts Receivable
Total Accounts Receivable at the beginning of the reporting period	$	—	$	—	$	—
+ Amounts billed during the period	—		—		$	—
- Amounts collected during the period	—		—		$	—
- Other Adjustments (Writeoffs/Credit Memos/Adjustments/Chargebacks/Signifyd Funding)	—		—		$	—
Total Accounts Receivable at the end of the reporting period	$	—	$	—	$	—
As of July 31, 2017
Accounts Receivable Aging
< 90	—		—		$	—
91+	—		—		$	—
Total Accounts Receivable	—		—		$	—
Amount Considered Uncollectible	—		—		$	—
Accounts Receivable, Net	$	—	$	—	$	—
NOTES

HHG Distributing LLC
DEBTORS AND DEBTORS IN POSSESSION
Questionnaire
				Yes	No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.					X
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.					X
3. Have all post-petition tax returns been filed timely? If no, provide an explanation below.				X
4. Are workers compensation, general liability, and other necessary insurance coverages in effect? If no, provide an explanation below.				X
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.					X
Account Name	Purpose	Business	Acct Number	Bank Name	Date