Tom O'Keefe, founder and chairman of Tully's Coffee, said the company is weighing whether to update its securities filing for a public offering...
Tom O’Keefe, founder and chairman of Tully’s Coffee, said the company is weighing whether to update its securities filing for a public offering.
The filing was made in April, but Tully’s indefinitely postponed the offering in August because of stock-market turmoil. It might cost less to allow the filing to expire and refile again later, O’Keefe said, after speaking today at a conference at the Washington Athletic Club presented by Staples and the Greater Seattle Chamber of Commerce.
Tully’s already pays almost $1.5 million a year to stay in compliance with Securities and Exchange Commission regulations, he said. The company has about 6,000 shareholders, requiring it to file reports as if it were publicly traded.