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EX-99.1 - EX-99.1 - EMERSON RADIO CORPd835740dex991.htm

 

 

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): June 27, 2018

 

 

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)

Registrant’s 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 8.01 Other Events.

On June 27, 2018, Emerson Radio Corp. (the “Company”) announced that its Board of Directors has extended the Company’s current stock repurchase program to December 31, 2018, unless completed sooner or otherwise extended. The stock repurchase program, which was initially established in December 2016, allows for the repurchase of up to $10 million of the Company’s outstanding common stock. The Company has repurchased approximately $6.7 million of its common stock under the program as of June 15, 2018.

A copy of the Company’s press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 9.01 Financial Statements and Exhibits.

(d)    Exhibits

 

Exhibit No.    Description.
99.1    Press Release, dated June 27, 2018.


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: June 27, 2018