Will Barnes & Noble’s Extension to CEO Please These Top Institutional Shareholders?

Barnes & Noble (NYSE:BKS) chief executive William Lynch received a two-year extension to head the company, specifically the Nook Media business if the unit is separated from the retail trade stores, stated B&N in a Friday filing with the U.S. Securities & Exchange Commission. By agreeing to the extension, Lynch will obtian the same base salary, but he did not receive a $1.8 million bonus for his role in the completion of investments from Microsoft (NASDAQ:MSFT) and Pearson (NYSE:PSO) that assisted in forming Nook Media. If Lynch becomes the new CEO of Nook Media, he will have to possibility of receive a $1.5 million bonus. Additionally, the B&N board has begun to consider an offer from chairman Len Riggio for the purchase of the retail trade stores.

These institutional firms indicated owning shares of Barnes & Noble in Q4 2012. They reported owning a total of 37.672 million shares on 12/31/2012. The shares closed at $15.09 on 12/31/2012.

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Here are the ten largest positions in Barnes & Noble at the end of December 31, 2012.

Dimensional Fund Advisors LP held 4,361,299 shares on 12/31/2012 worth $65,812,003. This brought the portfolio total to 0.07%.

Towerview LLC held 2,000,000 shares on 12/31/2012 worth $30,180,000. This brought the portfolio total to 11.9%.

Thompson Siegel & Walmsley LLC held 1,960,613 shares on 12/31/2012 worth $29,585,650. This brought the portfolio total to 0.63%.

Vanguard Group Inc held 1,728,333 shares on 12/31/2012 worth $26,080,545. This brought the portfolio total to 0.0%.

Shapiro Capital Management Co Inc held 1,620,600 shares on 12/31/2012 worth $24,454,854. This brought the portfolio total to 0.87%.

State Street Corp held 1,491,738 shares on 12/31/2012 worth $22,510,327. This brought the portfolio total to 0.0%.

Kingstown Capital Management LP held 1,300,000 shares on 12/31/2012 worth $19,617,000. This brought the portfolio total to 3.93%.

Roosevelt Investment Group Inc held 1,239,654 shares on 12/31/2012 worth $18,706,379. This brought the portfolio total to 0.86%.

Blackrock Fund Advisors held 1,210,801 shares on 12/31/2012 worth $18,270,987. This brought the portfolio total to 0.01%.

Bank of New York Mellon Corp held 1,115,606 shares on 12/31/2012 worth $16,834,495. This brought the portfolio total to 0.01%.

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