0001144204-17-011924.txt : 20170301 0001144204-17-011924.hdr.sgml : 20170301 20170228195442 ACCESSION NUMBER: 0001144204-17-011924 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20170228 FILED AS OF DATE: 20170301 DATE AS OF CHANGE: 20170228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Acorn International, Inc. CENTRAL INDEX KEY: 0001365742 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS RETAIL [5900] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33429 FILM NUMBER: 17650846 BUSINESS ADDRESS: STREET 1: 18/F, 20TH BUILDING, 487 TIANLIN ROAD CITY: SHANGHAI STATE: F4 ZIP: 200233 BUSINESS PHONE: 8621-51518888 MAIL ADDRESS: STREET 1: 18/F, 20TH BUILDING, 487 TIANLIN ROAD CITY: SHANGHAI STATE: F4 ZIP: 200233 6-K 1 v460672_6k.htm FORM 6-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

 ___________________

 

Form 6-K

___________________

 

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of February 2017

 

Commission File Number: 001-33429

___________________

 

Acorn International, Inc.

___________________

 

19/F, 20th Building, 487 Tianlin Road

Shanghai, 200233

People’s Republic of China

(Address of principal executive office)

___________________

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

      

Form 20-F x          Form 40-F ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes ¨          No x

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82- N/A

 

 

 

 

Acorn International, Inc.

Form 6-K

TABLE OF CONTENTS

 

         
    Page
Signature     3  
Exhibit 99.1 —  Press Release dated February 28, 2017     4  

 

2

 

 
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, thereunto duly authorized.

         
    Acorn International, Inc.
   

 

 

   
    By:   /s/ Geoffrey Weiji Gao
    Name:   Geoffrey Weiji Gao
    Title:   Vice President & Chief Financial Officer
         
Date: February 28, 2017        

 

3

EX-99.1 2 v460672_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

Contact:    
Acorn International, Inc.   Compass Investor Relations
Ms. Naomi Deng   Ms. Elaine Ketchmere, CFA
Phone +86-21-5151-2944     Phone: +1-310-528-3031
Email: dengqi@chinadrtv.com   Email: Eketchmere@compass-ir.com
www.chinadrtv.com   www.compassinvestorrelations.com

  

 

Acorn International Announces the Extension of Share Buyback Plan

 

SHANGHAI, China, February 28, 2017 – Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), today announced that its board of directors has approved the extension the Company’s existing share buyback plan for a period of one year. With the extended share buyback plan, Acorn is authorized to continue its repurchase up to US$4 million of its ADSs within a one year period from February 1, 2017 to January 31, 2018.

 

The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The timing and extent of any purchases will depend upon market conditions, the trading price of its ADSs and other factors, and are subject to the restrictions relating to volume, price and timing under applicable law. The Company's Board of Directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size. The Company plans to fund repurchases from its existing cash balance.

 

Safe Harbor Statement

 

This news release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "anticipates," "believes," "estimates," "expects," "future," "going forward," "intends," "outlook," "plans," "target," "will," and similar statements. Such statements are based on management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties, and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance, or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties, or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events, or otherwise, except as required by law.

 

 

 

 

About Acorn International, Inc.

 

Acorn is a marketing and branding company in China with a proven track record of developing, promoting and selling a diverse portfolio of proprietary-branded products, as well as well-established and promising new products from third parties. Its business is currently comprised of two main divisions, its direct sales platforms and its nationwide distribution network. For more information visit www.acorninternationalir.com.

 

 

 

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