Will Krispy Kreme’s Tax Asset Protection Plan Ease The Fears Of These Top Institutional Shareholders?

Krispy Kreme Doughnuts Inc. (NYSE:KKD) announced the creation of a tax asset protection plan designed to preserve substantial tax assets such as their Federal net operating loss and other tax carry forwards that may be prejudiced by an unintended “ownership change” under IRS rules, or section 382 of the Internal Revenue Code. The plan proposes to discourage any person from becoming a 5% shareholder, thus reducing the risk of such an ownership change.

Will Krispy Kreme Doughnuts Inc.’s shareholders decrease their holdings? They reported owning a total of 8,240 shares on 12/31/2012. The shares closed at $9.38 on 12/31/2012.

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Here are the ten largest positions in Krispy Kreme Doughnuts Inc. at the end of December 31st, 2012.

Acadian Asset Management LLC. held 7,882 shares on 12/31/2012 worth $73,933. This brought the portfolio total to 0.0%.

Creative Planning held 258 shares on 12/31/2012 worth $2,420. This brought the portfolio total to 0.0%.

Haberer Registered Investment Advisor Inc. held 100 shares on 12/31/2012 worth $938. This brought the portfolio total to 0.0%.

First New York Securities LLC. /NY held 0 shares on 12/31/2012 worth $0. This brought the portfolio total to %.

BMO Financial Corp. held 0 shares on 12/31/2012 worth $0. This brought the portfolio total to %.

Vanguard Group Inc. held 3,050,621 shares on 09/30/2012 worth $24,191,424. This brought the portfolio total to 0.0%.

Bamco Inc. /NY/ held 2,500,000 shares on 09/30/2012 worth $19,825,000. This brought the portfolio total to 0.13%.

Keeley Asset Management Corp. held 2,274,000 shares on 09/30/2012 worth $18,032,820. This brought the portfolio total to 0.39%.

Blackrock Institutional Trust Company N.A. held 1,716,217 shares on 09/30/2012 worth $13,609,601. This brought the portfolio total to 0.0%.

Dimensional Fund Advisors L.P. held 1,529,405 shares on 09/30/2012 worth $12,128,181. This brought the portfolio total to 0.01%.

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