Staples Logo

Staples, Inc. Chairman Increases Stake in Company's Shares


Tuesday, March 10, 1998 10:05 am EST



Public Company Information:


WESTBOROUGH, Mass.--(BUSINESS WIRE)--Staples, Inc. (NASDAQ:SPLS) today announced that its Chairman and Chief Executive Officer, Thomas G. Stemberg, has made a net investment in the company's shares.

Mr. Stemberg recently exercised 1,300,000 options to purchase the company's common stock and, net of a sale of 1,143,000 shares, has increased his total number of shares held in the company to over 2,100,000 shares. When Mr. Stemberg's remaining options in the company's shares are considered, his total number of shares beneficially owned is over 4,260,000 shares or approximately 2% of the company's outstanding shares.

Staples, Inc., is a $5 billion retailer of office supplies, furniture and technology to businesses from home-based businesses to Fortune 50 companies in the United States, Canada, the United Kingdom and Germany. Staples, headquartered outside Boston, Mass., invented the office superstore concept and today is the largest operator of office superstores in the world. The company, which has grown earnings per share at a 40% compound rate over the last five years, has 30,000 employees serving the business customer through 749 office superstores, mail order catalogs and a contract business.

More information about Staples, Inc. may be obtained from the Company's website at, or from the Company's Investor Relations department by dialing (800) INV-SPL1.


Staples, Inc.
Samuel J. Levenson, CPA
V.P. - Investor Relations
Jean Papagni
Manager of Public Relations

Stay Informed

Learn about Staples news as it's happening.
Sign up to have press releases emailed directly to you.

Join us on: