UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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incorporation or organization) | File No.) | Identification Number) |
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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)) |
Securities registered pursuant to Section 12(b) of the Act:
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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 January 25, 2024, BK Technologies Corporation (the “Company”) redeemed its Series B common membership interests (the “Interests”) of FG Financial Holdings, LLC (“FGFH”) and withdrew from FGFH. In exchange for its Interests, the Company received 52,000 shares of the Company’s common stock, with an approximate value of $650,000. The shares received by the Company will be held as treasury stock, increasing the total number of treasury shares held by the Company to 342,800. The Company completed the transaction with the intent of simplifying the Company’s balance sheet, shed non-core investments and obtain more ownership of the Company’s shares.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BK TECHNOLOGIES CORPORATION |
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Date: January 29, 2024 | By: | /s/ Scott A. Malmanger |
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| Scott A. Malmanger |
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| Chief Financial Officer |
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Cover |
Jan. 25, 2024 |
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| Cover [Abstract] | |
| Entity Registrant Name | BK Technologies Corporation |
| Entity Central Index Key | 0000002186 |
| Document Type | 8-K |
| Amendment Flag | false |
| Entity Emerging Growth Company | false |
| Document Period End Date | Jan. 25, 2024 |
| Entity File Number | 001-32644 |
| Entity Incorporation State Country Code | NV |
| Entity Tax Identification Number | 83-4064262 |
| Entity Address Address Line 1 | 7100 Technology Drive |
| Entity Address City Or Town | West Melbourne |
| Entity Address State Or Province | FL |
| Entity Address Postal Zip Code | 32904 |
| City Area Code | 321 |
| Local Phone Number | 984-1414 |
| Security 12b Title | Common Stock, par value $0.60 per share |
| Trading Symbol | BKTI |
| Security Exchange Name | NYSE |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
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