(Reuters) – A few months back, an activist investor tried to take over the board of 1847 Goedeker Inc. He made a rare public apology for not honoring a settlement agreement he had with the company.

Kanen Wealth Management, which owns 5.6% of St. Louis-based company, stated in late Friday’s regulatory filing that David Kanen had written a note to the chairman of the board “apologizing” for remarks that were published in the St. Louis Post-Dispatch.

Kanen said in his filing that he was happy to have come to an amicable arrangement with the Issuer. This is something Kanen is very supportive of

“CEO Albert Fouerti” wishes company success.

Kanen had spoken to the newspaper the day prior and broke off the deal the two parties had made. Kanen claimed that the company allowed him to select two board members out of a group of applicants. This was according to the article. Kanen also stated to the newspaper that he got the “biggest thing” in August when he was appointed chief executive officer by Albert Fouerti, who replaced Doug Moore.

Kanen did no immediate respond to my request for comment.

Kanen asked for a seat on the board when he started the battle against the company’s financial performance. A number of companies have been criticized by Kanen, such as Build-a-Bear workshop.

Settlement agreements must be carefully negotiated. Traditionally, neither party is allowed to comment publicly on the negotiations or give any insight as to how they were made.

Goedeker stock has fallen 63% since January but investors noticed it on Reddit months ago, when its stock price jumped up briefly and the company’s value briefly soared to $1.6 billion. The stock then dropped back to $334 million.