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School Specialty Inc. Message Board

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  • bsoren29 bsoren29 Jun 4, 2012 10:42 AM Flag

    $1.50 Option

    How concerned should we be about the decline in the covenants over the next several months?

    Overall I like the terms of the options for the next senior employees, however there are no incentive for them to buy stock now as the number of options they become entitled to is fixed and the required amount of shares for them to purchase is a fixed dollar amount not a specific number of shares. Ideally I would have liked them to have a little more incentive to put some money on the table now.

    Hopefully the Company has enough time to allow new management to improve sales/operations while also waiting for the recovery in school spending.

0.1150.0000(0.00%)Sep 30 2:19 PMEDT