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Private company

Legacy IMBDS, Inc.

Legacy IMBDS, Inc. is an American retail-catalog and mail-order houses company based in Minneapolis.1

Last updated Oct 21, 2026.

Overview

$551.1MRevenue, fiscal 20222
-$22.0MNet income, fiscal 20222
  • IndustryRetail-Catalog & Mail-Order Houses1
  • HeadquartersMinneapolis, Minnesota1
  • Incorporated inMN3
  • Business address6740 Shady Oak Rd, Minneapolis, Mn 55344-34333
  • Filer categoryAccelerated filer, Smaller reporting company3
  • Legal formCorporation

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Financials

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

Key numbers, fiscal 2022

40.4%Gross margin2
-1.9%Operating margin2
-4.0%Net margin2
21.3%Revenue growth, 20222
-32.9%Return on equity2
2.64×Debt to equity2
-$60.0MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue60¢$328.5M
  • Other costs38¢$210.8M
  • Interest2¢$11.7M
  • Income tax0¢$110.0K

Out of $551.1M in revenue.2 The company lost money this year.

Financial statements

Revenue456782$551.1M in 2022−18% since 2015
0$200.0M$400.0M$600.0M$800.0M2015: $674.6M$674.6M20152016: $693.3M$693.3M2016+3%2017: $666.2M$666.2M2017−4%2018: $648.2M$648.2M2018−3%2019: $596.6M$596.6M2019−8%2020: $501.8M$501.8M2020−16%2021: $454.2M$454.2M2021−9%2022: $551.1M$551.1M2022+21%
Gross profit456782$222.6M in 2022−9% since 2015
0$100.0M$200.0M$300.0M2015: $245.0M$245.0M20152016: $238.5M$238.5M2016−3%2017: $241.5M$241.5M2017+1%2018: $235.1M$235.1M2018−3%2019: $206.8M$206.8M2019−12%2020: $163.6M$163.6M2020−21%2021: $167.1M$167.1M2021+2%2022: $222.6M$222.6M2022+33%
Operating income456782-$10.7M in 2022
-$60.0M-$40.0M-$20.0M0$20.0M2015: $1.0M$1.0M20152016: -$8.7M-$8.7M20162017: -$2.0M-$2.0M2017−77%2018: $3.2M$3.2M20182019: -$18.6M-$18.6M20192020: -$52.5M-$52.5M2020+182%2021: -$7.9M-$7.9M2021−85%2022: -$10.7M-$10.7M2022+35%
Net income456782-$22.0M in 2022+1497% since 2015
-$60.0M-$40.0M-$20.0M0$20.0M2015: -$1.4M-$1.4M20152016: -$12.3M-$12.3M2016+791%2017: -$8.7M-$8.7M2017−29%2018: $143.0K$143.0K20182019: -$22.2M-$22.2M20192020: -$56.3M-$56.3M2020+154%2021: -$13.2M-$13.2M2021−76%2022: -$22.0M-$22.0M2022+66%
Fiscal year20152016201720182019202020212022
Revenue$674.6M4$693.3M5$666.2M6$648.2M7$596.6M8$501.8M2$454.2M2$551.1M2
Cost of revenue$429.6M4$454.8M5$424.7M6$413.1M7$389.8M8$338.2M2$287.1M2$328.5M2
Gross profit$245.0M4$238.5M5$241.5M6$235.1M7$206.8M8$163.6M2$167.1M2$222.6M2
Operating expenses$233.3M2
Operating income$1.0M4-$8.7M5-$2.0M6$3.2M7-$18.6M8-$52.5M2-$7.9M2-$10.7M2
Interest$1.6M4$2.7M5$5.9M6$5.1M7$3.5M8$3.8M2$5.2M2$11.7M2
Income before tax-$22.9M2
Income tax$819.0K4$834.0K5$801.0K6-$3.4M7$65.0K8$11.0K2$60.0K2$110.0K2
Net income-$1.4M4-$12.3M5-$8.7M6$143.0K7-$22.2M8-$56.3M2-$13.2M2-$22.0M2
Earnings per share-$0.034-$0.225-$0.156$0.027-$3.358-$7.542-$1.232-$1.142
Earnings per share (diluted)-$0.034-$0.225-$0.156$0.027-$3.358-$7.542-$1.232-$1.142
Shares (weighted, basic)19.4M shares2
Shares (weighted, diluted)19.4M shares2

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Corporate structure

Legacy IMBDS, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Legacy IMBDS, Inc.

  • Legacy IMBDS, Inc. Minneapolis, Minnesota

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Legacy IMBDS, Inc. 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.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$181.1M2 Jan 29, 2022$163.9M2 Jan 30, 2021+10.5%
Accumulated depreciation$132.9M2 Jan 29, 2022$122.0M2 Jan 30, 2021+9.0%
Property and equipment, net$48.2M2 Jan 29, 2022$42.0M2 Jan 30, 2021+14.9%
Finance-lease assets$17.0K2 Jan 29, 2022$101.0K2 Jan 30, 2021−83.2%
Operating-lease assets (leased space)$7.5M2 Jan 29, 2022$1.1M2 Jan 30, 2021+569.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$11.3M2 Jan 29, 2022$15.5M2 Jan 30, 2021−27.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$99.0M2 Jan 29, 2022
Intangible assets, net (excluding goodwill)$27.9M2 Jan 29, 2022$2.4M2 Jan 30, 2021+1084.4%
Finite-lived intangibles, gross$2.9M8 Jan 30, 2021$2.9M8 Feb 1, 20200%
Accumulated amortization$512.0K8 Jan 30, 2021$97.0K8 Feb 1, 2020+427.8%

Inventory

ItemLatestA year beforeChange
Inventory, total$116.3M2 Jan 29, 2022$68.7M2 Jan 30, 2021+69.2%

Leadership

Who has led Legacy IMBDS, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. William J. Lansing2007
  2. Rene G. Aiu2008
  3. Keith R. Stewart2009–2013
  4. Mark C. Bozek2014–2015
  5. Robert Rosenblatt2016–2019
  6. Tim Peterman2019–2023

President

  1. William J. Lansing2007
  2. Rene G. Aiu2008
  3. Keith R. Stewart2008–2009
  4. G. Robert Ayd2010–2015
  5. Anne Martin-Vachon2018

Chief financial officer

  1. Frank Elsenbast2006–2009
  2. William J. McGrath2010–2015
  3. Tim Peterman2015–2017
  4. Diana G. Purcel2018–2019
  5. Montgomery Wageman2021–2022
  6. Thomas Zielecki2022

Chief operating officer

  1. Glenn K. Leidahl2008
  2. Keith R. Stewart2008
  3. Carol Steinberg2012–2014
2010201520202025
Board members and other officers (58)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorDARRYL C. PORTER named Apr 18, 202385
  • DirectorMICHAEL A. FRIEDMAN named Apr 18, 202385

Former names

  • iMedia Brands, Inc.Jul 16, 2019 to Aug 30, 20233
  • EVINE Live Inc.Nov 18, 2014 to Jul 15, 20193
  • VALUEVISION MEDIA INCMay 17, 2002 to Nov 14, 20143
  • VALUEVISION INTERNATIONAL INCFeb 11, 1994 to Jan 25, 20023

Timeline

  1. Feb 27, 20248-K Bankruptcy or receivership; Change to shareholders' rights; Executive or director change86
  2. Dec 21, 20238-K Regulation FD disclosure87
  3. Nov 3, 20238-K Regulation FD disclosure88
  4. Oct 30, 20238-K Regulation FD disclosure89
  5. Oct 16, 20238-K Regulation FD disclosure90
  6. Oct 2, 20238-K Executive or director change91
  7. Sep 22, 20238-K Bylaws or fiscal year changed92
  8. Aug 30, 20238-K Executive or director change93
  9. Aug 21, 20238-K Entered a material agreement; Completed an acquisition or sale94
  10. Aug 14, 20238-K Ended a material agreement; Other events95
  11. Jul 10, 20238-K Entered a material agreement; New debt or obligation; Regulation FD disclosure96
  12. Jun 29, 20238-K Ended a material agreement; Bankruptcy or receivership; Debt or obligation accelerated97
  13. May 6, 2019New chief executive Tim Peterman becomes CEO13
  14. Mar 30, 2016New chief executive Robert Rosenblatt becomes CEO14
  15. Jun 25, 2014New chief executive Mark C. Bozek becomes CEO15
  16. Mar 4, 2009New chief executive Keith R. Stewart becomes CEO16
  17. Mar 5, 2008New chief executive Rene G. Aiu becomes CEO17
  18. May 24, 2007New chief executive William J. Lansing becomes CEO18

Calendar

When it reported results

  1. May 1, 2023Reported quarterly or annual results98
  2. Apr 12, 2023Reported quarterly or annual results99
  3. Nov 22, 2022Reported quarterly or annual results100
  4. Aug 24, 2022Reported quarterly or annual results101
  5. Aug 22, 2022Reported quarterly or annual results102
  6. May 24, 2022Reported quarterly or annual results103
  7. May 16, 2022Reported quarterly or annual results104
  8. Mar 22, 2022Reported quarterly or annual results105

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

90 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 39 major events, 32 insider forms, 4 large holders, 1 private raises, 9 other. The latest 20:

  1. Oct 8, 2024SC 13G/A SCHEDULE 13 G/A EDGAR
  2. Apr 1, 202415-12G EDGAR
  3. Feb 27, 20248-K EDGAR
  4. Dec 21, 20238-K EDGAR
  5. Nov 3, 20238-K EDGAR
  6. Oct 30, 20238-K EDGAR
  7. Oct 16, 20238-K EDGAR
  8. Oct 2, 20238-K EDGAR
  9. Sep 22, 20238-K EDGAR
  10. Aug 30, 20238-K EDGAR
  11. Aug 21, 20238-K EDGAR
  12. Aug 14, 20238-K EDGAR
  13. Jul 27, 202325-NSE EDGAR
  14. Jul 10, 20238-K EDGAR
  15. Jun 29, 20238-K EDGAR
  16. Jun 23, 20238-K EDGAR
  17. May 10, 20238-K EDGAR
  18. May 9, 20238-K EDGAR
  19. May 1, 2023NT 10-K EDGAR
  20. May 1, 20238-K EDGAR

The 90 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

8 open-market trades by officers, directors and large owners since October 2021: 6 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 11, 2022Lalo EyalDirectorBuy390,880$3.07$1.2MForm 4
May 11, 2022Friedman MichaelDirectorBuy195,440$3.07$600.0KForm 4
May 11, 2022PETERMAN TIMCEOBuy32,573$3.07$100.0KForm 4
May 11, 2022Hobbs Landel CDirectorBuy16,286$3.07$50.0KForm 4
Apr 29, 2022PETERMAN TIMCEOSale7,050$3.73$26.3KForm 4
Mar 28, 2022PETERMAN TIMCEOSale4,098$5.85$24.0KForm 4
Nov 23, 2021Hobbs Landel CDirectorBuy7,000$7.34$51.4KForm 4
Nov 23, 2021Hobbs Landel CDirectorBuy7,000$7.38$51.7KForm 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$3.5M 2023–2023
Money received by yearMoney received by year, 2023–2023: $3.5M in all. Private raises (Form D) $3.5M.$0$1M$2M$3M$4M2023 · Private raises (Form D): $3.5M2023
Figures by year
YearPrivate raises (Form D)Total
2023$3.5M$3.5M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Apr 10, 2023Raised $3.5 million in a private offering of debt85 Form D: 8 investors so far Form D

SEC filer profile

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

  • Name on EDGARLegacy IMBDS, Inc.1
  • CIK0000870826
  • Employer ID (EIN)41-16737701
  • Filer statusAccelerated filer<br>smaller reporting company1
  • Incorporated inMinnesota1
  • Fiscal year endsJanuary 291
  • Industry code (SIC)5961 Retail-Catalog & Mail-Order Houses1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address6740 Shady Oak Rd, Minneapolis, MN 55344-34331
  • Mailing address6740 Shady Oak Raod, Eden Prairie, MN 55344-34331
  • Phone61294752001
  • Shares outstanding28,916,847 as of Dec 13, 202210
  • Public float$118.0M as of Jul 31, 20212
  • On EDGAR sinceFeb 11, 19941
  • Filings1,497 in all: 4 (565), 8-K (301), 3 (87), 10-Q (81), SC 13D/A (60), SC 13G/A (52), DEFA14A (44), SC 13G (37)1
    All 43 form types

    10-K (26), DEF 14A (26), UPLOAD (25), 4/A (24), DFAN14A (19), S-8 (17), SC 13D (16), 424B5 (15), CORRESP (14), S-3 (9), D (8), S-3/A (8), 8-K/A (7), EFFECT (7), 10-K/A (6), PRE 14A (6), FWP (5), 5 (3), NT 10-K (3), PREC14A (3), 10-Q/A (2), 424B3 (2), 8-A12B (2), ARS (2), DEFC14A (2), NT 10-Q (2), PRER14A (2), PRRN14A (2), 15-12G (1), 25-NSE (1), 305B2 (1), CERT (1), DEFM14A (1), RW (1), S-3MEF (1)

  • Latest filingsAnnual report (10-K) Apr 29, 2022
    Quarterly report (10-Q) Dec 13, 2022
    Proxy statement (DEF 14A) May 18, 2022
    Latest 8-K (8-K) Feb 27, 2024

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