Carl Rubin, CEO of The Michaels Companies, Inc., bought 10,000 shares of The Michaels Companies, Inc. (Stock Symbol: MIK) at $17 per share for a total amount of $170 thousand on July 2, 2014.
The Michaels Companies, Inc. is based in Irving, Texas.
On June 27, 2014, The Michaels Companies, Inc. announced their commencement with The NASDAQ Stock Market and rang the opening bell. In honor of the occasion, Carl Rubin, Chief Executive Officer rang the Opening Bell.
According to Capital IQ, The Michaels Companies, Inc. has a market cap of $3.32 billion, an enterprise value of $6.89 billion, and trailing 12 month revenues of $4.63 billion.
The Michaels Companies, Inc. owns and operates a chain of arts and crafts specialty retail stores in North America. The companys stores offer approximately 36,000 stock-keeping units in arts, crafts, scrapbooking, floral, framing, home décor, seasonal offerings, and children’s hobbies. As of November 2, 2013, it operated approximately 1,259 stores consisting of 1,137 Michaels stores in 49 states, as well as in Canada; and 122 Aaron Brothers stores in 9 states. In addition, the company, through its subsidiary, Artistree, manufactures pre-cut mats and custom framing merchandise.
Carl Rubin’s most recent annual compensation from The Michaels Companies, Inc. is a salary of $3,092,000, $13,647,700 in other compensation, and a total compensation of $930,769. Mr. Rubin is 54 years old.
According to his biography, Carl S. Rubin is Chief Executive Officer, Director of the company. Prior to joining The Michaels Companies, Inc. Mr. Rubin served as President and Chief Executive Officer of Ulta Salon, Cosmetics & Fragrance, Inc. since September 2010, and served as Chief Operating Officer from April 2010 to September 2010. Prior to joining Ulta, he served as President of the North American Retail division of Office Depot, Inc. beginning in January 2006 and as Executive Vice President, Chief Marketing Officer and Chief Merchandising Officer of Office Depot from 2004 to January 2006. Prior to joining Office Depot, Mr. Rubin spent six years at Accenture Consulting in senior leadership roles including Partner, where he advised clients and led engagements across retail formats and e-commerce businesses. Prior to that, Mr. Rubin held a number of senior merchandising and general management positions in the specialty retail and department store industry including with Federated Department Stores. He was a member of the executive committee of the board of directors of The National Retail Federation from January 2007 to April 2010. Mr. Rubin holds a B.A. degree from Brandeis University.
All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com .
About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.