0001185185-12-002350.txt : 20121101 0001185185-12-002350.hdr.sgml : 20121101 20121101121521 ACCESSION NUMBER: 0001185185-12-002350 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20121101 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20121101 DATE AS OF CHANGE: 20121101 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AeroGrow International, Inc. CENTRAL INDEX KEY: 0001316644 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-BUILDING MATERIALS, HARDWARE, GARDEN SUPPLY [5200] IRS NUMBER: 460510685 STATE OF INCORPORATION: NV FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33531 FILM NUMBER: 121172749 BUSINESS ADDRESS: STREET 1: 6075 LONGBOW DRIVE STREET 2: SUITE 200 CITY: BOULDER STATE: CO ZIP: 80301 BUSINESS PHONE: 303-444-7755 MAIL ADDRESS: STREET 1: 6075 LONGBOW DRIVE STREET 2: SUITE 200 CITY: BOULDER STATE: CO ZIP: 80301 8-K 1 aerogrow8k11112.htm aerogrow8k11112.htm


UNITED STATES
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): November 1, 2012


AEROGROW INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)


Nevada
000-50888
46-0510685
(State or Other Jurisdiction of
(Commission File Number)
(I.R.S. Employer
Incorporation)
 
Identification No.)
       
 
6075 Longbow Dr. Suite 200, Boulder, Colorado
80301
 
 
(Address of Principal Executive Offices)
(Zip Code)
 
       

Registrant's Telephone Number, Including Area Code:  (303) 444-7755

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
     o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
     o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
     o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
     o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 

 
 
Item 7.01. Regulation FD Disclosure

On November 1, 2012, AeroGrow International, Inc. (the “Company”) issued a press release announcing an expansion of the retail distribution of its product line, including a distribution arrangement with Amazon.com.  The Company also announced that it expected its sales to retailers for the three month period ending December 31, 2012 would be higher than in the same period during the previous year.  A copy of the press release making these announcements is attached as Exhibit 99.1 to this Form 8-K and is incorporated by reference into this Item 7.01.

Item 9.01  Exhibits

(d)  
Exhibits

           99.1           Press Release Issued by AeroGrow International, Inc. on November 1, 2012.
 
Portions of this report may constitute “forward-looking statements” as defined by federal law. Although the Company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Litigation Reform Act of 1995. Additional information about issues that could lead to material changes in the Company’s performance is contained in the Company’s filings with the Securities and Exchange Commission, particularly in “Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2012.
 
 
 

 
 
SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
    AeroGrow International, Inc  
       
    /s/ H. MacGregor Clarke             
    H. MacGregor Clarke  
    Chief Financial Officer and Treasurer  
 
DATED:  November 1, 2012
 
 
 

 
 
EX-99.1 2 ex99-1.htm ex99-1.htm
Exhibit 99.1
 
AEROGROW ANNOUNCES NEW AMAZON.COM DISTRIBUTION AGREEMENT

Retail Sales Growth Expected For Holiday Season as Amazon, Canadian Tire Expand AeroGarden® Distribution

Boulder, CONovember 1, 2012 - AeroGrow International, Inc. (OTCQB:AEROD) ("AeroGrow" or the "Company") announced that it has reached a new agreement with Amazon.com, the world’s largest online retailer, to carry its AeroGarden® line of indoor gardening products.

“We had a very successful partnership with Amazon in the past that generated millions in sales annually by combining our unique products with their best-in-class direct sales engine,” said Mike Wolfe, President and CEO of AeroGrow. “We are looking forward to once again leveraging Amazon’s broad reach and marketing prowess to drive sales for both our companies.”

AeroGrow also announced an expansion in its brick and mortar retail sales relationship with Canadian Tire Corporation, Canada’s largest mass retailer. Canadian Tire is now including AeroGardens as part of its holiday promotional efforts and will feature AeroGarden promotions in a number of its sales circulars during the holiday selling season. These special offers will be supported by an aggressive program of nationwide consumer television advertising. Canadian Tire is one of Canada’s largest mass retailers, with 485 department stores throughout Canada.

As a result of the expanded online distribution and increased retail sales activity, AeroGrow now anticipates that the December quarter will mark its first year-over-year quarterly increase in sales to the retail channel since 2008.

"Our sales into the retail channel are growing once again," commented Mr. Wolfe, “Because of the difficult economic realities in 2008, we had to deemphasize the retail channel in order to focus on our operations and restoring our profitability. Those efforts were successful, allowing us to announce our first annual EBITDA profit this past June. Now it is time to turn our attention once again to driving profitable growth. We believe that offering our products through retailers that complement our existing distribution, like Amazon and Canadian Tire, will not only enhance our top-line growth, but will increase the visibility of our product line and brand, and improve our overall profitability.”

For more information on the AeroGarden or AeroGrow’s full line of indoor garden products, please visit www.aerogarden.com. Follow us on Twitter at @aerogarden and Facebook at www.facebook.com/aerogarden.

About AeroGrow International, Inc.
Founded in 2002 in Boulder, Colorado, AeroGrow International, Inc. is dedicated to the research, development and marketing of the AeroGarden line of foolproof, dirt-free indoor gardens. AeroGardens allow anyone to grow farmer's market fresh herbs, salad greens, tomatoes, chili peppers, flowers and more, indoors, year-round, so simply and easily that no green thumb is required. See www.aerogrow.com.

FORWARD-LOOKING STATEMENTS
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements by Mike Wolfe, and/or the Company, statements regarding growth of the AeroGarden product line, ability to raise capital, optimism related to the business, expanding sales, and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many factors including continued market acceptance of the Company's products or the need to raise additional capital. In addition, actual results could vary materially based on changes or slower growth in the indoor garden market; the potential inability to realize expected benefits and synergies; domestic and international business and economic conditions; changes in customer demand or ordering patterns; changes in the competitive environment including pricing pressures or technological changes; technological advances; shortages of manufacturing capacity; future production variables impacting excess inventory and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings, including in “Item 1A Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2012. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

Contact:
John Thompson
AeroGrow International, Inc.
303-444-7755