8-KThe WireStrategic
Material Agreement
Filed Sep 5, 2017 · 8y ago · Accession 0001193125-17-276748
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): August 31, 2017
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))
Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☐
Item 1.01 Other Events.
On August 31, 2017, Emerson Radio Corp. (the Company) entered into a Purchase Agreement with BML Investment Partners, L.P.
(Seller), pursuant to which the Company purchased 2,000,000 shares of its common stock from Seller for an aggregate purchase price of $3 million. The purchase of the shares was made pursuant to the Companys existing stock
repurchase program and funded with cash on hand. The repurchased shares will be held in treasury.
The foregoing summary of the Purchase Agreement is
qualified in its entirety by reference to the text of the Purchase Agreement, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits
Exhibit No.
Description.
10.1
Purchase Agreement, dated August 31, 2017.
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: September 5, 2017
EXHIBIT INDEX
Exhibit No.
Description.
10.1
Purchase Agreement, dated August 31, 2017.
Filing details
- Company
- EMERSON RADIO CORP
- Ticker
- MSN
- CIK
- 32621
- Form type
- 8-K
- Filing date
- Sep 5, 2017
- Report date
- Aug 31, 2017
- Document
- d452167d8k.htm
- Size
- 50 KB