Roland Smith, CEO of Office Depot, bought 50,000 shares of Office Depot (Stock Symbol: ODP) at $4.61 per share for a total amount of $230,500 thousand on March 12, 2014.
Office Depot is headquartered in Boca Raton, Flordia.
On 04/10/2014, Office Depot a leading global provider of office products, services and solutions, announced that it was named to the 15th annual list of America’s Top Corporations for Women’s Business Enterprises (WBEs) by the Women’s Business Enterprise National Council (WBENC). This marks the 12th year that Office Depot has been named to the selective list.
On 02/25/2014, Office Depot announced its latest quarterly results. Total sales for the fourth quarter of 2013 increased 33% to $3.5 billion compared to the fourth quarter of 2012.
For the fourth quarter of 2013, Office Depot reported an operating loss of $118 million compared to operating income of $5 million in the fourth quarter of 2012, and a net loss attributable to common stockholders of $144 million, or $0.34 per share, compared to a net loss of $17 million, or $0.06 per diluted share in the fourth quarter of 2012. The reported results include merger-related expenses, asset impairment and other charges.
According to Capital IQ, Office Depot has a market cap of 2.20 billion, an enterprise value of 2.86 billion, and trailing 12 month revenues of 11.24 billion.
Office Depot, Inc., together with its subsidiaries, supplies office products and services. The companys North American Retail division sells an assortment of merchandise, including office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture under various brands through its chain of office supply stores. Its North American Business Solutions division sells branded office supplies, technology products, cleaning and breakroom supplies, office furniture, services, and other solutions, as well as copy and print services to small, medium, and large-sized businesses through a sales force, catalogs, telesales, Internet sites, and limited store locations. The companys International division sells office products and services through direct mail catalogs, contract sales forces, Internet sites, and retail stores using company-owned operations, joint ventures, licensing and franchise agreements, alliances, and other arrangements. This division also participates under licensing and merchandise arrangements in South Korea, Israel, the Dominican Republic, and the Middle East. It offers its products under various labels, including Office Depot, OfficeMax, Viking Office Products, Foray, Ativa, Grand & Toy, TUL, and DiVOGA.
Roland Smith’s most recent annual compensation from Office Depot is a salary of $177,692, $2,350,000 in other compensation, and a total compensation of $2,527,692. Mr. Smith is 62 years old.
According to his biography, Mr. Roland C. Smith is the Chairman of the Board, Chief Executive Officer of Office Depot, Inc. Prior to joining Office Depot, Inc., Smith most recently was the Chief Executive Officer and President of Delhaize America. Previously, Smith was President and CEO of The Wendy’s Company; President and CEO of Wendy’s/Arby’s Group, Inc.; and CEO of Wendy’s International, Inc. Smith also served as Chief Executive Officer of Triarc Companies, Inc.; Chief Executive Officer of Arby’s Restaurant Group, Inc.; President and Chief Executive Officer of American Golf Corporation and National Golf Properties; President and Chief Executive Officer of AMF Bowling Worldwide, Inc.; and President and Chief Executive Officer of Arby’s Inc., d/b/a Triarc Restaurant Group. He has held senior management positions at KFC International, Pepsi Cola International, Schering-Plough and Procter & Gamble. A graduate of the U.S. Military Academy at West Point, New York, Smith served in the U.S. Army for seven years in the Transportation and Aviation Corps as platoon leader, executive officer, deputy director of Army programs, aide-de-camp, aviation maintenance officer and pilot. Smith is Chairman of the Board of Directors for Carmike Cinemas, Inc., where he is also Chairman of the Compensation and Nominating Committee, and a Director for The Wendy’s Company. He is a national trustee of the Boys & Girls Clubs of America and a member of the World Presidents’ Organization International.
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