2 May 2014capital raising announcement● Neutral
On April 30, 2014, certain employees exchanged JEH LLC units and Class B shares for 16,233 Class A shares under the 2013 exchange agreement, and the company immediately bought those shares back for cash at the April 28 NYSE closing price. This was under a board-authorized plan to repurchase up to $1 million of Class A shares from employees so they can pay tax withholding. The filing says no proceeds go to Jonny Jones or any director or executive officer other than the electing employees.