Overstock.com Inc. announced that the stockholders at the company's annual meeting, held on May 9, 2013, elected Jonathan E. Johnson III to the company's board of directors to serve terms of three years. Also, the board of directors named Johnson as executive vice chairman of the board.

Overstock.com Inc. reported earnings results for the first quarter of 2013. For the quarter, total net revenue was $312 million, a 19% increase from last year. Net income increased $5 million to $7.7 million, a $0.32 per diluted share. Free cash flow, cash flow from operations $48.7 million, $32 million. That’s a healthy robust business, lots of cash flow.

Overstock.com Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, total net revenue was $311,994,000 against $262,367,000 a year ago. The growth in net revenue was primarily due to a 21% increase in average order size, partially offset by a small decrease in the number of customer orders. Operating income was $7,415,000 against $2,475,000 a year ago. Income before income taxes was $7,743,000 against $2,728,000 a year ago. Net income was $7,697,000 or $0.32 per diluted share against $2,719,000 or $0.12 per diluted share a year ago. Net cash used in operating activities was $1,653,000 against $22,234,000 a year ago.