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GLAE on NYSE

GlassBridge Enterprises

Logo: Imation, Public domain, via Wikimedia Commons5

Former data storage business

Imation Corporation was an American company which manufactured and marketed data storage products. It was founded in 1996 as a spin-off of 3M's data storage and imaging business. Imation had three core elements: traditional storage (magnetic tape and optical products), secure and scalable storage (data backup, data archive and data security for small and medium businesses) and what the company calls "audio and video information" products.3 Its shares trade on NYSE under the symbol GLAE.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1996Founded1

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  • TickerGLAE on NYSE1
  • Industryinvestment1
  • HeadquartersOakdale1
  • Founded inMaplewood1
  • Websitewww.imation.eu
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address551 Madison Ave, Suite 800, New York, Ny 100226
  • Filer categoryNon-accelerated filer, Smaller reporting company6
  • LEI549300GQRYQQ0IW6S6324
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 26066094

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Imation Corporation was an American company which manufactured and marketed data storage products. It was founded in 1996 as a spin-off of 3M's data storage and imaging business. Imation had three core elements: traditional storage (magnetic tape and optical products), secure and scalable storage (data backup, data archive and data security for small and medium businesses) and what the company calls "audio and video information" products.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-3000.0%Operating margin9
-3000.0%Net margin9
0.0%Revenue growth, 20229
-33.0%Return on equity9
0.43×Debt to equity9

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Selling, general and admin91¢$3.1M
  • Interest9¢$300.0K

Out of $100.0K in revenue.9 The company lost money this year.

Financial statements

Revenue10119$100.0K in 2022−100% since 2016
0$20.0M$40.0M$60.0M2016: $44.1M$44.1M20162017: $36.5M$36.5M2017−17%2019: $100.0K$100.0K2019−100%2020: $500.0K$500.0K2020+400%2021: $100.0K$100.0K2021−80%2022: $100.0K$100.0K2022+0%
Gross profit10$16.7M in 2017−14% since 2016
0$5.0M$10.0M$15.0M$20.0M2016: $19.4M$19.4M20162017: $16.7M$16.7M2017−14%
Operating income10121311149-$3.0M in 2022−91% since 2016
-$40.0M-$30.0M-$20.0M-$10.0M02016: -$35.0M-$35.0M20162017: -$8.7M-$8.7M2017−75%2018: -$8.3M-$8.3M2018−5%2019: -$3.4M-$3.4M2019−59%2020: -$6.7M-$6.7M2020+97%2021: -$6.2M-$6.2M2021−7%2022: -$3.0M-$3.0M2022−52%
Net income10121311149-$3.0M in 2022−98% since 2016
-$150.0M-$100.0M-$50.0M0$50.0M2016: -$125.2M-$125.2M20162017: -$18.6M-$18.6M2017−85%2018: $4.1M$4.1M20182019: $20.2M$20.2M2019+393%2020: -$63.6M-$63.6M20202021: $29.0M$29.0M20212022: -$3.0M-$3.0M2022
Fiscal year2016201720182019202020212022
Revenue$44.1M10$36.5M10$100.0K11$500.0K11$100.0K9$100.0K9
Cost of revenue$24.7M10$19.8M10
Gross profit$19.4M10$16.7M10
Research and development$11.9M10$8.1M10
Selling, general and admin$34.9M10$8.4M12$6.4M13$3.4M11$6.7M14$6.0M9$3.1M9
Operating expenses$6.3M9$3.1M9
Operating income-$35.0M10-$8.7M12-$8.3M13-$3.4M11-$6.7M14-$6.2M9-$3.0M9
Interest$018$100.0K13$300.0K11$2.6M14$2.0M9$300.0K9
Income before tax$13.0M9-$3.0M9
Income tax$100.0K10$5.7M12$100.0K13
Net income-$125.2M10-$18.6M12$4.1M13$20.2M11-$63.6M14$29.0M9-$3.0M9
Earnings per share$1,141.739-$113.649
Earnings per share (diluted)
Shares (weighted, basic)25.4K shares926.4K shares9

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Corporate structure

GlassBridge Enterprises sits at the top of its group. 4 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of GlassBridge Enterprises

  • GlassBridge Enterprises Wilmington, Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What GlassBridge Enterprises reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.2M9 Dec 31, 2022$4.1M9 Dec 31, 2021−70.7%

The story

Founded by 3M in 1996, in Maplewood.1

As 3M

Originally part of 3M, the company was involved in the development of many technological improvements in data storage, such as the introduction of the first American-made magnetic tape in 1947, the first quarter-inch tape cartridge for data storage (QIC) in 1971, and the 3.5-inch (89 mm) floppy disk in 1984.

As Imation

Imation was started in 1996, when 3M spun off its data storage and imaging business. The company underwent a divestment of non-core businesses, and invested in four core product technology areas: secure storage, scalable storage, wireless/connectivity, and magnetic tape.

In late 2007, Imation acquired TDK's recording media business, including flash media, optical media, magnetic tape, and accessories, for $300 million. This also included a license to use the "TDK Life on Record" brand on data storage and audio products for 25 years. In September 2015, Imation announced that it had agreed to relinquish this license and would cease selling TDK-branded products by the end of the year.

In February 2012, Imation announced a product set to secure mobile data, identities, and workspaces, based on the idea that employees used portable storage devices to transport corporate data.

The security news followed five acquisitions the company made in 2011 in scalable storage and data security: ENCRYPTX; MXI Security from Memory Experts International; the assets of ProStor; the secure data storage hardware business of IronKey; and intellectual property from Nine Technologies. Imation received an exclusive license from IronKey for its secure storage management software and service and a license to use the IronKey brand for secure storage products.

In October 2011, Imation products for small and medium businesses centered on its DataGuard and InfiniVault multi-tier data protection and data archive appliances.

The company sold consumer electronics, headphones and accessories under the Imation, Memorex, TDK Life on Record, and XtremeMac brands. The combined Imation, Memorex and TDK Life on Record brands made the company into a global market share leader in sales of CD-R and DVD media before that business was shut down in 2016.

Change of name and direction

In January 2017, Imation announced its intention to change its name to GlassBridge Enterprises, completing its change of direction away from the data storage business towards being an asset management and strategic investment company. The name change became effective on February 21, 2017.

Read the full text

Net revenue for 2016 was $44.1 million, compared to $529.2 million the year before.

GlassBridge's stock registration was revoked effective January 30, 2026, due to GlassBridge's failure to file periodic reports with the United States Securities and Exchange Commission, after filing a form 10-Q with the SEC for the period ending on September 30, 2023.

Sale of Imation brand

GlassBridge Enterprises sold the Imation brand name to Korean company O-Jin Corporation Co., Ltd. (now Ojin Corporation Co.) on August 4, 2017.

In 2019 Imation, by then under O-Jin's ownership, announced licensing deals for use of the brand by PNY Technology, Ritek Corporation and photo printer company Prinics.

As of July 2024 O-Jin still owns the Imation brand.

From Wikipedia’s article on Imation, shared under CC BY-SA 4.0.7

Leadership

Who has led GlassBridge Enterprises, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Paul R. Zeller2006
  2. Frank P. Russomanno2007–2010
  3. Mark E. Lucas2010–2015
  4. Robert B. Fernander2015–2016
  5. Danny Zheng2017–2018
  6. Daniel Strauss2020–2024

Chair

  1. Perio Joseph A. De2017–2020

President

  1. Frank P. Russomanno2007–2008
  2. Mark E. Lucas2009–2015

Chief financial officer

  1. Paul R. Zeller2006–2014
  2. Danny Zheng2016–2018
  3. Francis A. Ruchalski2024

Chief operating officer

  1. Frank P. Russomanno2006–2007
  2. Mark E. Lucas2009–2010
  3. Daniel Strauss2017
200020052010201520202025
Board members and other officers (38)

Subsidiaries and ownership

Subsidiaries

Subsidiaries (GLEIF)

From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Former names

  • IMATION CORPJun 12, 1996 to Feb 14, 20176

Timeline

  1. Sep 17, 20258-K Other events70
  2. Jun 25, 20258-K Entered a material agreement71
  3. Jun 17, 20258-K Debt or obligation accelerated72
  4. May 30, 20258-K Completed an acquisition or sale73
  5. Mar 10, 20258-K Change of auditor74
  6. Nov 26, 20248-K Entered a material agreement; Change to shareholders' rights75
  7. Sep 6, 20248-K Entered a material agreement76
  8. Jul 22, 20248-K Entered a material agreement77
  9. Jun 5, 20248-K Entered a material agreement; New debt or obligation78
  10. May 15, 20248-K Entered a material agreement; New debt or obligation79
  11. Feb 15, 20248-K Entered a material agreement; Executive or director change80
  12. Jan 5, 20248-K Entered a material agreement81
  13. May 7, 2020New chief executive Daniel Strauss becomes CEO19
  14. Mar 7, 2017New chief executive Danny Zheng becomes CEO20
  15. Oct 15, 2015New chief executive Robert B. Fernander becomes CEO21
  16. May 6, 2010New chief executive Mark E. Lucas becomes CEO22
  17. Oct 30, 2007New chief executive Frank P. Russomanno becomes CEO23
  18. Jan 26, 2006New chief executive Paul R. Zeller becomes CEO24
  19. 1996Founded Founded in Maplewood1

Filings

45 filings to the SEC since October 2021: 2 annual reports, 8 quarterly reports, 15 major events, 8 insider forms, 4 large holders, 8 other. The latest 20:

  1. Jan 30, 2026REVOKED EDGAR
  2. Sep 17, 20258-K EDGAR
  3. Jun 25, 20258-K EDGAR
  4. Jun 17, 20258-K EDGAR
  5. May 30, 20258-K EDGAR
  6. Mar 10, 20258-K EDGAR
  7. Nov 26, 20248-A12G/A EDGAR
  8. Nov 26, 20248-K EDGAR
  9. Nov 14, 2024NT 10-Q EDGAR
  10. Sep 6, 20248-K EDGAR
  11. Aug 15, 2024NT 10-Q EDGAR
  12. Jul 22, 20248-K EDGAR
  13. Jun 5, 20248-K EDGAR
  14. May 16, 2024NT 10-Q EDGAR
  15. May 15, 20248-K EDGAR
  16. Apr 2, 2024NT 10-K EDGAR
  17. Mar 7, 20244 EDGAR
  18. Mar 7, 20244 EDGAR
  19. Mar 7, 20244 EDGAR
  20. Mar 7, 20243 EDGAR

The 45 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 25, 2023CLINTON GROUP INCSale7,578$164.95$1.2MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$374.1K 2020–2020
Money received by yearMoney received by year, 2020–2020: $374.1K in all. PPP loans $374.1K.$0$100K$200K$300K$400K2020 · PPP loans: $374.1K2020
Figures by year
YearPPP loansTotal
2020$374.1K$374.1K

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA86. Matched to this company by name and state.

  1. Apr 27, 2020$374.1K PPP loan (first draw) from Signature Bank86To GLASSBRIDGE ENTERPRISES, INC, New York NY; $378.4K forgiven Jun 29, 2021

SEC filer profile

How GlassBridge Enterprises is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGlassBridge Enterprises, Inc.2
  • CIK0001014111
  • Employer ID (EIN)41-18385042
  • Filer statusNon-accelerated filer<br>smaller reporting company2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)6282 Investment Advice2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address551 Madison Ave, Suite 800, New York, NY 100222
  • Phone212-220-33002
  • Shares outstanding25,170 as of Oct 31, 202317
  • Public float$200.0K as of Jun 30, 20229
  • On EDGAR sinceMay 24, 19962
  • Filings1,373 in all: 4 (594), 8-K (235), SC 13G/A (94), 10-Q (83), 3 (44), SC 13G (41), 4/A (32), 10-K (25)2
    All 52 form types

    DEF 14A (24), DEFA14A (20), UPLOAD (17), 11-K (16), CORRESP (15), DFAN14A (15), ARS (11), S-8 (10), SC 13D/A (9), CT ORDER (8), 8-K/A (7), PRE 14A (6), 10-12B/A (4), 10-K/A (4), NT 10-Q (4), PRER14A (4), PRRN14A (4), SC 13D (4), 8-A12B/A (3), DEFC14A (3), NT 10-K (3), PREC14A (3), SD (3), 10-K405 (2), 10-Q/A (2), 8-A12G (2), D (2), DEFR14A (2), EFFECT (2), S-4/A (2), 144 (1), 15-15D (1), 25 (1), 25/A (1), 424B7 (1), 8-A12B (1), 8-A12G/A (1), CERTNYS (1), POS AM (1), REVOKED (1), S-3 (1), S-3/A (1), S-4 (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Apr 7, 2023
    Quarterly report (10-Q) Nov 14, 2023
    Proxy statement (DEF 14A) Nov 30, 2020
    Latest 8-K (8-K) Sep 17, 2025

Sources

The numbers on this page point here. Each one links to the record it came from.

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