October 10, 2007 |
Sharper Image Corp., the electronics retailer that restated earnings after an investigation into stock options grants, said chief accounting officer Daniel W. Nelson had stepped down. Rebecca Roedell, chief financial officer, will serve as interim accounting chief, the San Francisco-based company said in a U.S. regulatory filing.
May 25, 2007 |
A buyout firm has doubled its stake in Sharper Image Corp. by buying a large block of stock from the company's deposed founder, raising the prospect that the ailing specialty retailer might be taken private as it tries to bounce back. Sharper Image's stock price shot up by 15% on Thursday after a Securities and Exchange Commission filing disclosed an affiliate of Sun Capital Partners Inc. had paid $13.78 million for 1.
March 27, 2007 |
Struggling specialty retailer Sharper Image Corp. hired direct marketing veteran Steven A. Lightman in its latest attempt to end a bruising sales slump that has lasted for more than two years. The San Francisco-based company said Monday that Lightman would take over as president and chief executive April 9. He will also join Sharper Image's board of directors.
January 20, 2007 |
Sharper Image Corp. settled a class-action lawsuit with 3.2 million buyers of its Ionic Breeze device, which the company sells as an air purifier. Machines will be tested to ensure that they meet industry standards concerning ozone emissions, advertisements will be changed and anyone who bought the product after May 6, 1999, will get $19 in merchandise credit at Sharper Image stores, the San Francisco-based company said in a regulatory filing.
January 3, 2007 |
Struggling specialty retailer Sharper Image Corp. chopped more than $3 million from the severance pay of recently departed Chief Executive Richard Thalheimer to offset his past windfalls from favorably priced stock options, according to documents filed with securities regulators. The pay package, disclosed in a Securities and Exchange Commission filing late last week, includes retirement benefits of $3.9 million and a severance payment of $1.
December 13, 2006
Sharper Image Corp. said it would delay its third-quarter filing with federal regulators while it reviews past stock-option grants. The company also said it expected to record a pretax expense of $19 million for the 10 years through January 2006, up from a previously announced total of $15 million, because of grants issued during that period, the San Francisco-based retailer said.