-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ADTI38xi7FxnTtqvlDN7lfdDagqPnhx8qsqa8mhGo5YSds8nfa1JQPd8trLoVvLc aD80vF6Th+MNw5sn3uUldA== 0001125282-06-002097.txt : 20060405 0001125282-06-002097.hdr.sgml : 20060405 20060405161847 ACCESSION NUMBER: 0001125282-06-002097 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060330 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060405 DATE AS OF CHANGE: 20060405 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EMERSON RADIO CORP CENTRAL INDEX KEY: 0000032621 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD AUDIO & VIDEO EQUIPMENT [3651] IRS NUMBER: 223285224 STATE OF INCORPORATION: DE FISCAL YEAR END: 0402 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07731 FILM NUMBER: 06742310 BUSINESS ADDRESS: STREET 1: NINE ENTIN RD STREET 2: PO BOX 430 CITY: PARSIPPANY STATE: NJ ZIP: 07054-0430 BUSINESS PHONE: 9738845800 MAIL ADDRESS: STREET 1: NINE ENTIN RD CITY: PARSIPPANY STATE: NJ ZIP: 07054 FORMER COMPANY: FORMER CONFORMED NAME: MAJOR ELECTRONICS CORP DATE OF NAME CHANGE: 19770921 8-K 1 b412636_8k.txt FORM 8-K 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): March 30, 2006 EMERSON RADIO CORP. (Exact Name of Registrant as Specified in Charter) Delaware 0-25226 22-3285224 -------- ------- ---------- (State Or Other (Commission (IRS Employer Jurisdiction Of File Number) Identification No.) Incorporation) 9 Entin Road, Parsippany, New Jersey 07054 --------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (973) 884-5800 Not Applicable -------------- (Former Address, if changed since Last Report) (Zip Code) 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)) -1- ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS. On March 30, 2006, the Board of Directors of Emerson Radio Corp. (the "Company") appointed Adrian Ma as the Chairman of the Board of Directors and Chief Executive Officer of the Company. Mr. Ma, 61, is presently a director of The Grande Holdings Limited ("Grande"), a Hong Kong based group of companies engaged in a number of businesses including the manufacture, sale and distribution of audio, video and other consumer electronics and video products. Grande is currently the holder of approximately 38.5% of the outstanding shares of the Company. Mr. Ma has served as a director of Grande since January 15, 1999 and has more than 30 years experience as an Executive Chairman, Executive Director and Managing Director of various organizations focused primarily in the consumer electronics industry. He is also Director of Lafe Technology Ltd., Vice Chairman and Managing Director of Ross Group Inc. and Deputy Chairman of Sansui Electronics Co. Ltd. Mr. Ma has also been appointed to the "Office of the Chairman," created by the Board of Directors of the Company in order to maximize the strategic alliance between Grande and the Company. The other members of the "Office of the Chairman" are Mr. Jurick, Eduard Will, the Chairman of Emerson's Audit Committee, and Michael A.B. Binney, Grande's Chief Financial Officer. Geoffrey P. Jurick, the Company's President and current Chairman and Chief Executive Officer, confirmed his resignation as Chairman and Chief Executive Officer of the Company as of March 30, 2006, the date Mr. Ma was appointed as Mr. Jurick's successor. Mr. Jurick will continue to serve as a director and the President of the Company. On March 30, 2006, the Board of Directors of the Company approved the appointment of Greenfield Pitts as an independent director of the Company, bringing the number of independent directors to five. Mr. Pitts has a 30-year background in international banking and was associated with Wachovia Bank, the Company's present lender, for more than 25 years, with assignments in London, Atlanta and Hong Kong. A copy of the press release announcing the appointment of Mr. Ma as Chairman of the Board and Chief Executive Officer of the Company, the resignation of Mr. Jurick from those positions, and the appointment of Mr. Pitts as a director is being filed with this Current Report on Form 8-K as Exhibit 99.1. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits Exhibit 99.1 - Press Release dated April 4, 2006. -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 hereunto duly authorized. EMERSON RADIO CORP. By: /s/ Guy A. Paglinco ------------------------------------ Name: Guy A. Paglinco Title: Vice President and Chief Financial Officer Dated: April 5, 2006 -3- EX-99.1 2 b412636ex99_1.txt EXHIBIT 99.1 Exhibit 99.1 [EMERSON LOGO] - -------------------------------------------------------------------------------- NEWS & INFORMATION - -------------------------------------------------------------------------------- [GRAPHIC OMITTED] FOR: EMERSON RADIO CORP. 9 Entin Road Parsippany, NJ 07054-0430 CONTACT: EMERSON RADIO CORP. OR: INVESTOR RELATIONS: Guy A. Paglinco Robert Maffei Vice President, Investor Relations Manager Chief Financial Officer (973) 428-2098 (973) 428-2413 EPOCH FINANCIAL GROUP, INC. Victor Thompson or Todd Atenhan (888) 917-5105 April 4, 2006 FOR IMMEDIATE RELEASE EMERSON RADIO CORP. APPOINTS ADRIAN MA AS CHAIRMAN AND CHIEF EXECUTIVE OFFICER GEOFFREY P. JURICK TO REMAIN AS PRESIDENT AND DIRECTOR EMERSON RADIO CORP. APPOINTS GREENFIELD PITTS TO ITS BOARD OF DIRECTORS PARSIPPANY, NJ - April 4, 2006 -- Emerson Radio Corp. (AMEX: MSN) announced today the appointment of Adrian Ma as its Chairman and Chief Executive Officer, succeeding Geoffrey P. Jurick, who will continue as President and as a director of the Company. Mr. Ma, presently the Managing Director of The Grande Holdings Limited ("Grande"), the holder of approximately 38.5% of the outstanding shares of Emerson. Mr. Ma brings to his new position a successful career of more than 30 years as an Executive Chairman, Executive Director and Managing Director of various organizations focused primarily in the consumer electronics industry. Presently, he serves as a Director of Lafe Technology Ltd., Chairman and Managing Director of Ross Group plc and Deputy Chairman of Sansui Electric Co. Ltd. Emerson also announced the appointment of Mr. Greenfield Pitts as a director. Mr. Pitts brings an international banking background of more than 30 years to Emerson's Board and was associated with Wachovia Bank, Emerson's present lender, for more than 25 years, with assignments in London, Atlanta and Hong Kong. Emerson further announced that, in order to maximize the strategic alliance between Grande and Emerson, the Board has created the "Office of the Chairman" to be comprised of Messrs. Ma and Jurick, as well as directors Eduard Will, the Chairman of Emerson's Audit Committee, and Michael A. B. Binney, Grande's Chief Financial Officer. In this way, the Company expects to facilitate and promote continuity, growth and cooperation between the two organizations. Mr. Ma commented "I want to thank Mr. Jurick for his remarkable dedication and efforts in managing Emerson, and his commitment to continue such efforts by remaining active in the Company's day to day activities. With the addition of Mr. Pitts to the Board, and his international banking experience, and the substantial resources that the alliance with Grande has to offer, Emerson can embark on a truly global expansion." Mr. Ma continued "I am excited about the potential strategic alliance that is developing between the two companies and the possibilities that we hope to explore through the Office of the Chairman, which exemplifies the cooperative efforts between Emerson and Grande. With Emerson's strong North American brand recognition and Grande's presence in the Far East and Europe, its manufacturing expertise and its commitment to building a first class, global distribution network, we hope to enhance Emerson's business worldwide." Emerson Radio Corp. (AMEX:MSN - News), founded in 1948, is headquartered in Parsippany, N.J. The Company designs, markets and licenses, throughout the world, full lines of televisions and other video products, microwave ovens, clocks, clock radios, audio and home theater products. 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, including its Annual Report on Form 10-K for the year ended March 31, 2005. The Company assumes no obligation to update the information contained in this news release. -----END PRIVACY-ENHANCED MESSAGE-----