8-K

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): May 31, 2011

EMERSON RADIO CORP.
(Exact name of registrant as specified in its charter)

Delaware	001-07731	22-3285224
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

85 Oxford Drive, Moonachie, New Jersey	07074
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (973) 884-5800

Not Applicable

(Former name or former address if changed since last report.)

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:

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 1.03. Bankruptcy or Receivorship.

On May 31, 2011, upon application of a major creditor, the High Court of Hong Kong appointed Fok Hei Yu and Roderick John Sutton, both of FTI Consulting (Hong Kong) Limited (“FTI”), as Joint and Several Provisional Liquidators over The Grande Holdings Limited (“Grande”). An indirect subsidiary of Grande owns approximately 56% of the outstanding shares of Emerson Radio Corp. (the “Company” or “Emerson”) and three of the Company’s seven directors, including Emerson’s Chairman, Chief Executive Officer and Deputy Chief Executive Officer also are directors and officers of Grande.

Item 8.01. Other Events.

On June 1, 2011, Grande issued a press release announcing the appointment of Fok Hei Yu and Roderick John Sutton, both of FTI, as Joint and Several Provisional Liquidators over Grande.

On June 1, 2011, the Provisional Liquidators informed Emerson that they do not have any intention of interrupting the business of Emerson, which will continue to be operated as usual without interruption. The Provisional Liquidators further informed Emerson that at this stage they do not intend to dispose of the shares of Emerson stock held by Grande.

On June 1, 2011, the Company issued a press release disclosing such events. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits.

     (d) Exhibits

     Exhibit 99.1 — Emerson Radio Corp. press release, dated June 1, 2011

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/ Andrew Davis                                    
Andrew Davis

Dated: June 1, 2011

Chief Financial Officer  

EX-99.1

NEWS & INFORMATION

FOR:	EMERSON RADIO CORP.
	85 Oxford Drive
	Moonachie, NJ 07074
CONTACT:	Investor Relations:
	Robert Maffei
	Investor Relations Manager
	(973) 428-2098

Wednesday, June 1, 2011

ANNOUNCEMENT REGARDING THE GRANDE HOLDINGS LIMITED

MOONACHIE, N.J. – June 1, 2011 – Emerson Radio Corp. (NYSE AMEX: MSN)

On June 1, 2011, The Grande Holdings Limited (“Grande”) issued a press release announcing that, upon application of a major creditor, on May 31, 2011 the High Court of Hong Kong appointed Fok Hei Yu and Roderick John Sutton, both of FTI Consulting (Hong Kong) Limited (“FTI”), as Provisional Liquidators over Grande.  An indirect subsidiary of Grande owns approximately 56% of the outstanding shares of Emerson Radio Corp. (the “Company” or “Emerson”) and three of the Company’s seven directors, including Emerson’s Chairman, Chief Executive Officer and Deputy Chief Executive Officer also are directors and officers of Grande. 
 
On June 1, 2011, the Provisional Liquidators informed Emerson that they do not have any intention of interrupting the business of Emerson, which will continue to be operated as usual without interruption.  The Provisional Liquidators further informed Emerson that at this stage they do not have any intent to dispose of the shares of Emerson stock held by Grande.

About Emerson Radio Corp.
Emerson Radio Corporation (NYSE AMEX: MSN), founded in 1948, is headquartered in Moonachie, N.J. The Company designs, sources, imports and markets a variety of houseware and consumer electronic products, and licenses its trademarks to others on a worldwide basis for a variety of products. For more information, please visit Emerson Radio’s Web site at www.emersonradio.com.

Forward Looking Statements
This release contains “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management’s current knowledge, assumptions, judgment and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, they give no assurance that such expectations will prove to be correct and you should be aware that actual results could differ materially from those contained in the forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, including the risk factors detailed in the Company’s reports as filed with the Securities and Exchange Commission. The Company assumes no obligation to update the information contained in this news release.