400,000 HRI Group Shares Are Sold by 2 Directors

Two directors of HRI Group Inc. have each sold 200,000 HRI common shares to Qintex Media BV privately for $5 a share, according to a Securities and Exchange Commission filing.

Hal E. Gaba, who is also vice chairman of the HRI board, is expected to resign from the company and sign a consulting agreement with Qintex America Ltd. according to the filing.

Robin H. French, the other director who sold shares, is also expected to resign from HRI and sign a consulting agreement with HR Broadcasting Corp.

Gaba and French are part of a group that owns a 6.2 stake in HRI, Hal Roach Studios Inc.