Correction: Green Mountain-Board story

AP News
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Posted: May 09, 2012 12:56 PM
Correction: Green Mountain-Board story

In a story May 8 about Green Mountain Coffee, The Associated Press said that founder Robert Stiller and lead director William Davis were forced to sell more than 5.5 million of the company's shares because they'd bought the stock on credit and agreed to sell it back or pony up cash if its value dipped below a certain point. The story should have said that they had to meet the margin call because they put up the stock as collateral on loans.