ODP Corp: directors' dealings · United States · SEC (Form 4)

About ODP Corp

The ODP Corporation (ticker: ODP) is a United States company that was listed on the NASDAQ and built its franchise around office products, business services, and technology-enabled workplace solutions. The company traces its origins to 1986, when it was incorporated in Delaware as Office Depot, Inc. and opened its first retail store in Fort Lauderdale, Florida, on October 9, 1986. Its corporate headquarters is in Boca Raton, Florida. In its most recent SEC reporting, ODP organized its operations into three reportable divisions: ODP Business Solutions, Office Depot, and Veyer. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000800240/000095017024021858/odp-20231230.htm?utm_source=openai)) ODP’s business model has shifted over time from a store-heavy office-supplies retailer to a more integrated platform combining B2B distribution, omnichannel retail, dedicated sales teams, digital ordering, and supply-chain capabilities. ODP Business Solutions is now the company’s core B2B engine, serving small, medium, and enterprise customers, including public-sector and education accounts. Office Depot remains the consumer and small-business facing banner, while Veyer supports sourcing, logistics, and distribution infrastructure. Across these platforms, ODP offers office supplies, paper, furniture, cleaning and breakroom items, workspace products, and related services designed to support business customers’ day-to-day operations. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000800240/000095017025103804/odp-20250628.htm)) From a competitive standpoint, ODP is a recognizable North American workplace products distributor, but it operates in a highly competitive and structurally pressured market. The company faces ongoing competition from e-commerce players, national distributors, specialty office-supply chains, and broadline merchants. In response, management has been emphasizing simplification, cost discipline, and a greater mix shift toward higher-growth B2B opportunities. In February 2025, ODP launched “Optimize for Growth,” a restructuring program aimed at reallocating capital toward the B2B market, including hospitality, healthcare, adjacent markets, and third-party logistics, while reducing its consumer-oriented investment and shrinking its retail footprint over time. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000800240/000095017025103804/odp-20250628.htm)) Recent developments are notable for investors. In its February 2025 earnings release, ODP reported full-year 2024 revenue of $6.99 billion, down year over year, reflecting fewer retail locations and softer traffic trends. The company also sold its Varis division in 2024 to sharpen its focus on core operations. Most importantly, in September 2025 ODP announced an agreement to be acquired by ACR Ocean Resources LLC, and the merger was completed on December 10, 2025. That transaction materially changed the company’s status as a public equity story and is highly relevant for any analysis of the ticker history. ([sec.gov](https://www.sec.gov/Archives/edgar/data/800240/000095017025027325/odp-ex99_1.htm))