hhgregg in its filings with the SEC, stated that its board of directors of the Company has determined to reduce its size to three members as the Company takes the necessary steps to liquidate the assets of the Company and its subsidiaries as part of the Company’s reorganization proceedings under Chapter 11 of the United States Bankruptcy Code.
As a result, on April 10, 2017, each Michael Andretti, Gregory M. Bettinelli, William P. Carmichael, Lawrence P. Castellani, Kenneth J. Kocher, John M. Roth, Peter M. Starrett and Kathleen C. Tierney resigned as a director of the Company effective as of that date. The Board appointed Robert J. Riesbeck, as the chief executive officer and president of the Company, to serve as a director on the Board until his resignation or removal. Benjamin D. Geiger and Catherine A. Langham will remain on the Board of Directors of the Company. Mr. Geiger and Ms. Langham will serve on the audit committee, nominating and corporate governance committee and compensation committee.
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