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Wednesday, November 08, 2006

LaGrange Capital Raises Stake in 1-800 CONTACTS (CTAC), Changes Filing Status to 13D Reflecting Recent Events

From 13D Tracker

In a 13D filing on 1-800 CONTACTS, INC. (NASDAQ: CTAC) LaGrange Capital/Frank LaGrange Johnson disclosed a 12.6% stake (1.69 million shares) in the company. This is up from the 11.6% stake (1.63 million share) the firm disclosed in a past 13G filing (06/12). The firm noted changing their filing status from 13G to 13D.

The firm noted they have had discussions with directors and senior management of the Company concerning the Company's business and management and expect to continue to have such discussions in the future.

The firm also noted that Frank LaGrange Johnson was appointed to the Company's board of directors on October 26, 2006. The firm said as a Director it is expected that Mr. Johnson will be involved in discussing and influencing the management and direction of the Company and its business and affairs on an ongoing basis, including regarding any or all of the matters specified in clauses (a) through (j) of Item 4 of Schedule 13D of the Act.

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