-----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, KsZeLXCiVa5RDdtI0hkyNheR4Va7G8khrhPQUaHbB839HO59ISNpMBPKURX8Ar6u cyTJ+4uu/SjQkKiD9awp+A== 0001193125-06-237893.txt : 20061117 0001193125-06-237893.hdr.sgml : 20061117 20061117105421 ACCESSION NUMBER: 0001193125-06-237893 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20061117 DATE AS OF CHANGE: 20061117 EFFECTIVENESS DATE: 20061117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: E COM VENTURES INC CENTRAL INDEX KEY: 0000880460 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS RETAIL [5900] IRS NUMBER: 650026340 STATE OF INCORPORATION: FL FISCAL YEAR END: 0205 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-19714 FILM NUMBER: 061225349 BUSINESS ADDRESS: STREET 1: 251 INTERNATIONAL PARKWAY CITY: SUNRISE STATE: FL ZIP: 33325 BUSINESS PHONE: 3058891600 MAIL ADDRESS: STREET 1: 251 INTERNATIONAL PARKWAY CITY: SUNRISE STATE: FL ZIP: 33325 FORMER COMPANY: FORMER CONFORMED NAME: PERFUMANIA INC DATE OF NAME CHANGE: 19930328 DEFA14A 1 d8k.htm FORM 8-K Form 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): November 17, 2006

 


E COM VENTURES, INC.

(Exact name of registrant as specified in its charter)

 


 

Florida   0-19714   65-0977964

(State or Other Jurisdiction

of Incorporation)

  (Commission File Number)  

(I.R.S. Employer

Identification No.)

251 International Parkway

Sunrise, Florida 33325

(Address of Principal Executive Office) (Zip Code)

(954) 335-9100

(Registrant’s telephone number, including area code)

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:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

x 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))

 



Item 8.01 Other Events

On November 17, 2006, the Company issued a press release with respect to the receipt of a proposed offer from Model Reorg, Inc., a copy of which is attached as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit  

Description

99.1   Press Release, dated November 17, 2006


SIGNATURES

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.

 

  E COM VENTURES, INC.
Date: November 17, 2006   By:  

/s/ Donovan Chin

    Donovan Chin,
    Chief Financial Officer


EXHIBIT INDEX

 

Exhibit  

Description

99.1   Press Release, dated November 17, 2006
EX-99.1 2 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

E Com Ventures, Inc.

FOR IMMEDIATE RELEASE

Company Contact:

Michael W. Katz

President and CEO

E Com Ventures, Inc.

954-335-9030

E Com Ventures, Inc. to Evaluate Model Reorg Offer

Friday, November 17, 2006

SUNRISE, FL, November 17, 2006 — E Com Ventures, Inc. (Nasdaq: ECMV) announced today that it received an offer from Model Reorg, Inc. (“Model”), a New York corporation controlled by Glenn and Stephen Nussdorf, affiliates of E Com. Model is a diversified wholesale and retail fragrance company. Pursuant to the terms of the proposed offer, Model would be merged into a newly formed wholly-owned subsidiary of E Com in exchange for the issuance of 6,396,649 shares of E Com’s common stock. In addition, prior to the merger, an unspecified amount of inter-company obligations due from Model to its affiliate, Quality King Distributors, Inc. may be converted into preferred stock of Model. Any Model preferred shares would be converted in the merger into preferred shares of E Com. The proposed offer specifies that it is based upon a 20% premium to the E Com’s common stock closing price as of November 9, 2006 of $13.94. Following the merger, Glenn and Stephen Nussdorf, would own in the aggregate approximately 80 % of E Com (assuming the conversion of the E Com subordinated note held by them, but not assuming the exercise of any outstanding options issued to them). The proposed offer, by its terms, is subject to numerous conditions, including approval by an independent committee of the E Com Board, and approval by a majority of the disinterested shareholders of E Com. A special committee of the E Com Board, comprised of independent directors, has been formed to review and evaluate the proposed offer.

If E Com decides to proceed with the proposed offer described in this press release, of which there can be no assurance, it will file a proxy statement and other documents regarding the proposed offer with the Securities and Exchange Commission (“SEC”). E Com shareholders are urged to read the proxy statement when, and if, it becomes available, because it will contain important information. Investors and shareholders may obtain a copy of the proxy statement (when and if it is available) and any other relevant documents filed by E Com with the SEC for free on the SEC’s web site, www.sec.gov. In addition, in the event E Com decides to proceed with the proposed offer, E Com and its directors, executive officers and certain of its employees may be deemed to be participants in any solicitation of proxies of E Com shareholders in connection with the proposed offer. Such individuals may have interests in the transaction. A current detailed list of the names, affiliations and interests of the participants in the solicitation, by stock ownership or otherwise, can be found in the proxy statement relating to E Com’s 2006 Annual Meeting of Stockholders that was filed with the SEC on November 7, 2006, and in any proxy statement that may be filed with the SEC in connection with the proposed offer.

This press release may include information presented that contains forward-looking information, including statements regarding the proposed merger with Model. Some of these statements, including those that contain the words “anticipate,” “believe,” “plan,” “estimate,” “expect,” “should,” “intend,” and other similar expressions, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements of those of our industry to be materially different from any future results, performance or achievements expressed or implied by those forward-looking statements. Among the factors that could cause actual results, performance or achievement to differ materially from those described or implied in the forward-looking statements are our ability to negotiate a definitive merger agreement with Model on acceptable terms, our ability to meet the conditions to the merger, our ability to service our obligations, our ability to comply with the covenants in our credit facility, general economic conditions, competition, potential technology changes, changes in or the lack of anticipated changes in the regulatory environment in various countries, the ability to secure partnership or joint-venture relationships with other entities, the ability to raise additional capital to finance expansion, the risks inherent in new product and service introductions and the entry into new geographic markets and other factors included in our filings with the SEC.

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