Fred’s Inc (FRED): Alden Global Capital Becomes Largest Shareholder and Goes Activist

Page 7 of 10 – SEC Filing

(b)

1. Sole power to vote or direct vote: 0

2. Shared power to vote or direct vote: 9,275,000

3. Sole power to dispose or direct the disposition: 0

4. Shared power to dispose or direct the disposition: 9,275,000

(c)

Alden has not entered into any transactions in the Shares during the past 60 days.  The transactions in the Shares on behalf of Opportunities during the past 60 days are set forth in Schedule A and are incorporated herein by reference.

C.	Mr. Freeman

(a)

Mr. Freeman, as the President of Alden, may be deemed the beneficial owner of the 9,275,000 Shares owned by Opportunities.

Percentage: Approximately 24.8%

(b)

1. Sole power to vote or direct vote: 0

2. Shared power to vote or direct vote: 9,275,000

3. Sole power to dispose or direct the disposition: 0

4. Shared power to dispose or direct the disposition: 9,275,000

(c)

Mr. Freeman has not entered into any transactions in the Shares during the past 60 days.  The transactions in the Shares on behalf of Opportunities during the past 60 days are set forth in Schedule A and are incorporated herein by reference.

The Reporting Persons, as members of a “group” for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, may be deemed the beneficial owner of the Shares directly owned by the other Reporting Persons.  Each Reporting Person disclaims beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.

(d)

No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.

(e)

Not applicable.

Item 6.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

On December 21, 2016, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law.  The Joint Filing Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.

Follow Freds Inc (NASDAQ:FRED)

Follow Freds Inc (NASDAQ:FRED)

---

or

Subscribe with Google

We may use your email to send marketing emails about our services. Click here to read our privacy policy.