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Navarre Corporation
Former type
Private
Industry Computer products distribution and publishing
Fate Acquired by WYNIT Distribution, LLC
Founded 1983; 34 years ago (1983)
Founder Eric H. Paulson
Defunct 2013; 4 years ago (2013)
Headquarters Greenville, SC, United States
Owner Geof Lewis and Peter Richichi
Number of employees
648
Parent WYNIT Distribution, LLC
Subsidiaries Encore, Inc.
BCI
Website www.speedcommerce1.com

Navarre Corp. was a public distribution and publishing company founded in 1983 by Eric H. Paulson. The company was headquartered in New Hope, Minnesota. Navarre owned two subsidiary companies: a software publisher, Encore, Inc., and a distributor, Navarre Entertainment Media. The company formerly offered niche films through BCI Home Entertainment a.k.a. BCI Eclipse Company (formerly Brentwood), but this division was closed in a 2008 re-structuring due to the recession, after 2 years of being unprofitable.

In June 2005, Navarre determined that its financial statements for 2004, and the first and third quarter of 2005, should be restated, because expenses related to the incentive-based deferred compensation of the company's CEO was recorded in the wrong quarter.

In May 2005, Navarre acquired Funimation Productions. After the sale, Funimation Productions changed its name to Funimation Entertainment. Then, in April 2011, Navarre sold Funimation to a group of investors including Funimation co-founder Gen Fukunaga.

On September 28, 2008, Dallas-based SpeedFC agreed to merge with Navarre for $50 million in cash and stock. The merger closed in 2013; the company changed their name from Navarre Corporation to Speed Commerce afterward.

On July 9, 2014, Syracuse, NY based Wynit Distribution LLC acquired the majority of the assets of Navarre Distribution Services and Encore from Speed Commerce. Since then, the Navarre name has been retired.


Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2015-11-02 Lower Price Target Craig Hallum Buy to Hold $4.50 to $2.00
2015-02-10 Downgrade Craig Hallum Buy to Hold $2.00
2014-08-13 Initiated Coverage Stifel Nicolaus Hold
2014-02-07 Initiated Coverage Stifel Nicolaus Buy $5.00
2015-11-02 Lower Price Target Craig Hallum Buy to Hold $4.50 to $2.00
2015-02-10 Downgrade Craig Hallum Buy to Hold $2.00
2014-08-13 Initiated Coverage Stifel Nicolaus Hold
2014-02-07 Initiated Coverage Stifel Nicolaus Buy $5.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In SPDC 0 funds of 2213 total. Show all

Fund name Ticker shares

Major Shareholders

Name Relationship Total Shares Holding stocks
Zisk Jeffrey B. President of SpeedFC 12.00%  (7851315) SPDC /
Bryant Monroe David JR 5.95%  (3894684) SPDC /
Willis Richard President and CEO 1.17%  (767467) SPDC / TUES /
Becker Drapkin Management, L.P. Member of a 13(d) 10% Group 1.10%  (719404) EMKR / FSYS / IVAC / PXLW / RGDX / SPDC /
Gentz Timothy R 0.12%  (81231) SPDC /
Tuttle Terry J. CFO 0.08%  (55318) SPDC /
Shisler Bradley J. 0.07%  (44051) PXLW / SPDC /
WEYL TOM 0.06%  (42000) SPDC /
Green Frederick C IV 0.06%  (40000) SPDC /
BENSON KEITH A 0.06%  (38800) SPDC /
Lapp Diane D Interim CFO 0.06%  (37783) SPDC /
Thomas Ward President of Distribution 0.05%  (33100) SPDC /
IVERSON KATHLEEN P 0.02%  (10500) CYBE / MOCO / SPDC /