CEO Sells 11% of His Stake in Blockbuster
Blockbuster Inc. Chairman and Chief Executive John Antioco sold 11% of his equity stake in the company last week, regulatory filings show.
Antioco sold 12,700 shares May 17 for $10 a share and sold an additional 150,000 shares later that week for $9.60 to $9.70, according to filings with the Securities and Exchange Commission.
Blockbuster shares fell 19 cents to $9.54 on the New York Stock Exchange.
Antioco was ousted as a director this month and then reappointed as chairman in a proxy vote at the Dallas-based company’s annual meeting.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
