Steven Hale's questions to HG Holdings (STLY) leadership • Q2 2015
Question
Steven Hale from Hale Partnership Capital Management LLC asked about the company's balance sheet, questioning if the counterparty for the $20 million+ in cash surrender value life insurance policies would be disclosed and why the company prioritizes paying down 4%-yield policy loans over terminating an 8%-cost pension plan.
Answer
VP of Finance Anita Wimmer confirmed that disclosing the insurance counterparty has been discussed internally but has not been done yet. Regarding the pension plan, she stated that after analysis, the company concluded that terminating the plan is not currently in the best interest of the company or its participants.