×
You will be redirected back to your article in seconds

MGM Topper Yemenidjian buys stock

Chairman/CEO shells out $2.3 mil for stake in own firm

Alex Yemenidjian puts his money where his mouth is.

Peripatetic preacher of a turnaround gospel at MGM since being named chairman and CEO of the studio in April 1999, Yemenidjian has newly acquired some $2.3 million in Metro-Goldwyn-Mayer stock at an average price of $24.38 per share. Disclosed in a regulatory filing Tuesday, Yemenidjian’s purchase of 93,260 shares was conducted on the open market Monday.

The transactions bring his MGM holdings to about 100,000 shares in total, officials said. That compares to some 179 million MGM shares held by billionaire financier Kirk Kerkorian, who has an 87% stake in the studio.

Yemenidjian also holds unexercised options on another 10 million shares in MGM.

MGM shares closed down 13¢ at $24.94 on Tuesday.

More Biz

  • Beverly Hilton Wanda Group Hotels Battle

    China’s Wanda Sells Prominent Beverly Hills Property

    Alex Yemenidjian puts his money where his mouth is. Peripatetic preacher of a turnaround gospel at MGM since being named chairman and CEO of the studio in April 1999, Yemenidjian has newly acquired some $2.3 million in Metro-Goldwyn-Mayer stock at an average price of $24.38 per share. Disclosed in a regulatory filing Tuesday, Yemenidjian’s purchase […]

  • Fairfax Media signage outside the Fairfax

    Australia's Fairfax Media Shareholders Approve Nine Entertainment Takeover

    Alex Yemenidjian puts his money where his mouth is. Peripatetic preacher of a turnaround gospel at MGM since being named chairman and CEO of the studio in April 1999, Yemenidjian has newly acquired some $2.3 million in Metro-Goldwyn-Mayer stock at an average price of $24.38 per share. Disclosed in a regulatory filing Tuesday, Yemenidjian’s purchase […]

  • STAR WARS-THEMED LAND MODEL AT D23

    John Williams to Compose New 'Star Wars' Music for Disney Parks Attractions

    Alex Yemenidjian puts his money where his mouth is. Peripatetic preacher of a turnaround gospel at MGM since being named chairman and CEO of the studio in April 1999, Yemenidjian has newly acquired some $2.3 million in Metro-Goldwyn-Mayer stock at an average price of $24.38 per share. Disclosed in a regulatory filing Tuesday, Yemenidjian’s purchase […]

  • Fox Sports NFL Sunday

    AT&T Sets Broad Carriage Renewal Pact With Fox Networks Group

    Alex Yemenidjian puts his money where his mouth is. Peripatetic preacher of a turnaround gospel at MGM since being named chairman and CEO of the studio in April 1999, Yemenidjian has newly acquired some $2.3 million in Metro-Goldwyn-Mayer stock at an average price of $24.38 per share. Disclosed in a regulatory filing Tuesday, Yemenidjian’s purchase […]

  • President Donald Trump talks with Gov.-elect

    Trump Says He'll Work With California to Aid Wildfire Relief

    Alex Yemenidjian puts his money where his mouth is. Peripatetic preacher of a turnaround gospel at MGM since being named chairman and CEO of the studio in April 1999, Yemenidjian has newly acquired some $2.3 million in Metro-Goldwyn-Mayer stock at an average price of $24.38 per share. Disclosed in a regulatory filing Tuesday, Yemenidjian’s purchase […]

  • church set Westworld Paramount Ranch Western

    Park Service Aims to Rebuild Western Town at Paramount Ranch in Two Years

    Alex Yemenidjian puts his money where his mouth is. Peripatetic preacher of a turnaround gospel at MGM since being named chairman and CEO of the studio in April 1999, Yemenidjian has newly acquired some $2.3 million in Metro-Goldwyn-Mayer stock at an average price of $24.38 per share. Disclosed in a regulatory filing Tuesday, Yemenidjian’s purchase […]

  • Jim Acosta Microphone Moment

    First They Came For Acosta. Why We Sued Trump Before He Acts Again (Opinion)

    Alex Yemenidjian puts his money where his mouth is. Peripatetic preacher of a turnaround gospel at MGM since being named chairman and CEO of the studio in April 1999, Yemenidjian has newly acquired some $2.3 million in Metro-Goldwyn-Mayer stock at an average price of $24.38 per share. Disclosed in a regulatory filing Tuesday, Yemenidjian’s purchase […]

More From Our Brands

Access exclusive content