Mixon Sells Back Some Invacare Shares

ELYRIA, Ohio — On March 7, Invacare entered into a share purchase agreement with Executive Chairman Mal Mixon under which he sold 350,000 common shares to the company at $29.94 per share. The manufacturer funded the repurchase with borrowings under its senior secured revolving credit facility, according to an SEC filing.

Mixon sold the shares, which constitute about 14 percent of the 2,566,099 shares he owned before the repurchase, for personal financial planning purposes, according to the filing.