Richard Breeden Sells 300,000 Shares of Zale Corporation
SEC reported...Richard Breeden has sold over 300,000 of his shares in Zale Corp., the SEC reported.
the “activist investor”, who bought nearly 30% of Zale Corp. and at one time controlled two seats on its board, still controls 8.7 million shares of the company.
He sold 259,531 shares for $1.4 million on January 14, according to the SEC. On January 19, he sold 42,554 shares for $212,000, and on January 20, he sold 37,400 shares for $186,465.
However, a Zale spokeswoman declined comment.
Breeden and an associate resigned from the company’s board in September.
By: JewelryOurs
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