Charles M. Spear, who resigned recently as chairman and chief executive of Spear Financial Inc., also has sold nearly his entire stake in the Glendale-based financial services concern back to the company.
In a filing with the Securities and Exchange Commission, Spear said he sold all but 1,000 of his about 500,000 common shares for $7.51 a share, or $3.7 million, during December. In announcing Spear's resignation last month, the company had said it planned to buy back the stock.
