Office Depot, LLC

Naperville, Ill. -- OfficeMax Inc. said Wednesday it received a $72 million cash distribution from Boise Cascade Holdings LLC, in which it has a minority stake.

OfficeMax owns about 20% of the voting equity securities of Boise Cascade, which went public in February. The company manufactures plywood and other building materials.

OfficeMax is in the process of merging with rival Office Depot.

Boca Raton, Fla. – Private home builder David Weekley Homes has presented Office Depot with its Partners of Choice Award. The award is presented to companies that receive the highest marks from approximately 600 David Weekley Homes employees from all levels of the organization.

Weak second-quarter financial results from Office Depot offered the latest evidence of the strategic rationale underpinning the company’s pending merger with longtime rival OfficeMax.

Office Depot said sales in the second quarter ended June 29 declined 4% to roughly $2.4 billion and it posted a net loss of $64 million, or 23 cents a share, equal to a loss reported in the second quarter the prior year.

Boca Raton, Fla. -- Office Depot reported a net loss, as well as declining total sales and same-store sales, during a disappointing second quarter of fiscal 2013. The retailer’s net loss of $64 million was the same net loss it reported in the second quarter of fiscal 2012. Excluding pre-tax charges, including some relating to the planned OfficeMax merger, and non-cash store asset impairment charges, the net loss would have been $28 million.

BOCA RATON, Fla. — In a letter to shareholders, the board of directors of Office Depot Inc. said it has made significant progress toward a successful closing of the planned merger with OfficeMax by the end of this year. The letter also urges shareholders to support the board’s 10 nominees for the company’s board of directors.

Naperville, Ill. – OfficeMax Inc. is promoting Deb O’Connor, senior VP of finance and chief administrative officer, to interim CFO. She will replace Bruce Besanko, executive VP and CFO, who will leave the company to become the executive VP and CFO of Supervalu Inc. His last day at OfficeMax will be Aug. 6. A five-year veteran of OfficeMax, O'Connor previously served as senior VP and controller of the ServiceMaster Company.

EDEN PRAIRIE, Minn. — Supervalu has appointed former OfficeMax executive Bruce Besanko as its EVP and CFO, effective August 7.

Besanko served as EVP of finance, CFO and chief administrative officer for OfficeMax, and is credited with strengthening the company’s balance sheet and transforming business-to-business and retail segments for one of the leading global office supply companies following his appointment in 2009.

BOCA RATON, Fla. — Office Depot is not forgetting college students during the highly competitive back-to-school season, and to meet that segment’s unique needs, it has teamed up with Chegg, a student hub that offers various services to college students, including textbook rentals.