Convenience-story chain operator the Pantry (NASDAQ:PTRY) named Thomas W. “Tad” Dickson, the former CEO of Harris Teeter Supermarkets, as its new chairman. Dickson, who already had been on the board, succeeds Edwin J. Holman, who had been chairman since September 2009.
The move comes after Holman and two other directors last month weren’t re-elected to the board following a proxy fight won by investors JCP Investment Management and Lone Star Value Management. Holman had received the least number of votes out of 12 nominees to the nine-member board. Dickson left Harris Teeter, a regional supermarket chain in the southeastern and mid-Atlantic U.S. where he had been chairman and CEO, in January after the company was sold to Kroger (NYSE:KR). PTRY was inactive in recent pre-market trading after closing Thursday at $16.14, in a 52-week range of $10.99 to $17.62.
In Other News:
SeaWorld Entertainment (NYSE:SEAS), a theme park and entertainment company, priced an offering by the selling stockholders affiliated with The Blackstone Group L.P. The selling stockholders are offering 15,000,000 shares of SeaWorld Entertainment’s common stock at a price of $30.00 per share. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares from the selling stockholders. The selling stockholders will receive all of the net proceeds from the offering.
No shares are being sold by SeaWorld Entertainment.
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