The chief executive of Boulder-based Wild Oats Markets Inc. is registering more than 1.3 million shares of stock, although he says he does not immediately intend to sell them.
Perry Odak has told the company’s board that his request to register the shares is a “matter of convenience,” according to an amended SEC filing made Wednesday.
Odak’s registration was included in a corporate filing to register $115 million in company debentures.
Odak had a previous agreement with the board that they would register the shares the next time the company filed a registration statement, Wild Oats spokeswoman Sonja Tuitele said.
One analyst said he was not concerned about Odak’s move, noting that it would raise eyebrows only if he signaled an intent to sell his shares.
Wild Oats shares gained 11 cents to close at $12.41 Wednesday.
Earlier this month, the natural-foods retailer reported second-quarter net income of 3 cents per diluted share, compared with a loss of 1 cent per share a year ago.
The company also has brought in new executives to help steer its growth.
Robert Dimond was named chief financial officer in April, and former ShopKo executive Dan Bolstad was named senior vice president of operations in July.
Staff writer Kristi Arellano can be reached at 303-820-1902 or karellano@denverpost.com.
