8-KThe WireRoutine
Company Update
Filed Dec 19, 2016 · 9y ago · Accession 0001193125-16-796536
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT
REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 19, 2016
EMERSON RADIO CORP.
(Exact Name of Registrant as Specified in Charter)
Delaware
001-07731
22-3285224
(State Or Other Jurisdiction
Of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
3 University Plaza, Suite 405, Hackensack, NJ
07601
(Address of Principal Executive Offices)
(Zip Code)
Registrants telephone number, including area code: (973)
428-2000
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 8.01
Other Events.
On December 19, 2016, Emerson Radio Corp. (the Company) announced that
its Board of Directors has approved the repurchase of up to $5 million of its common stock. The repurchases may be effected from time to time at prevailing market prices, through open market or in privately negotiated transactions, which may
include, in whole or in part, the establishment of a purchase program pursuant to the safe harbor provided by Rule 10b5-1 under the Securities Exchange Act of 1934, through block purchases or through
accelerated or forward or similar stock purchases.
The Company intends to run the repurchase program through the end of the current fiscal year, unless
the period is extended or shortened by the Board of Directors. Under the program, repurchases will be funded from available working capital and any repurchased shares will be held as authorized but unissued shares and will be available for general
corporate purposes.
A copy of the Companys press release announcing this stock repurchase program is attached as Exhibit 99.1 hereto and
incorporated herein by reference.
Item 9.01
Financial Statements and Exhibits.
Exhibit
No.
Description.
99.1
Press release dated December 19, 2016.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
EMERSON RADIO CORP.
By:
/s/ Barry Smith
Name:
Barry Smith
Title:
Treasurer
Dated: December 19, 2016
EXHIBIT INDEX
Exhibit
No.
Description.
99.1
Press release dated December 19, 2016.
Filing details
- Company
- EMERSON RADIO CORP
- Ticker
- MSN
- CIK
- 32621
- Form type
- 8-K
- Filing date
- Dec 19, 2016
- Report date
- Dec 19, 2016
- Document
- d293448d8k.htm
- Size
- 19 KB