-----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, DhfVd1+0DDWCqYQFfRqvyP4Q+NCxGkzbyt6BmdwhJ1VypywRf1eSzJYqlkppMW7V Kc1oz0QNzmpoPg753PFFRw== 0001116502-03-000790.txt : 20030506 0001116502-03-000790.hdr.sgml : 20030506 20030506143031 ACCESSION NUMBER: 0001116502-03-000790 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030503 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030506 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SINGING MACHINE CO INC CENTRAL INDEX KEY: 0000923601 STANDARD INDUSTRIAL CLASSIFICATION: PHONOGRAPH RECORDS & PRERECORDED AUDIO TAPES & DISKS [3652] IRS NUMBER: 953795478 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24968 FILM NUMBER: 03683989 BUSINESS ADDRESS: STREET 1: 6601 LYONS ROAD STREET 2: BLDG A-7 CITY: COCONUT CREEK STATE: FL ZIP: 33073 BUSINESS PHONE: 9545961000 MAIL ADDRESS: STREET 1: 6601 LYONS ROAD BLDG CITY: COCONUT CREEK STATE: FL ZIP: 33073 8-K 1 singingmachine-8k.txt CURRENT EVENT SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 2, 2003 THE SINGING MACHINE COMPANY, INC. ------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in its Charter) Delaware ------------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 0-24968 95-3795478 - ----------------------------------- -------------------------------------- (Commission File Number) (IRS Employer Identification No.) 6601 Lyons Road, Bldg. A-7 Coconut Creek, FL 33073 ------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (954) 596-1000 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) - -------------------------------------------------------------------------------- (Former Name or Former Address, if Change Since Last Report) ITEM 5. OTHER EVENTS On May 2, 2003, The Singing Machine Company, Inc. (the "Company") issued a press release announcing that John Klecha had resigned from his position as the President of the Company. However, Mr. Klecha will continue to serve as a director of the Company. A copy of the press release is attached as Exhibit 99.1 ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits. 99.1 Press Release dated May 2, 2003 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 hereto duly authorized. THE SINGING MACHINE COMPANY, INC. Date: May 5, 2003 By: /s/ April Green ----------------- April Green Chief Financial Officer EXHIBIT INDEX Exhibit No. Description - ----------- ----------- 99.1 Press Release dated May 2, 2003 EX-99.1 3 sm-pressrelease.txt PRESS RELEASE [LOGO GRAPHIC OMITTED] INVESTOR CONTACT: COMPANY CONTACT: Neil Berkman John Klecha Berkman Associates President (310) 277 - 5162 (954) 596 - 1000 info@BerkmanAssociates.com www.SingingMachine.com FOR IMMEDIATE RELEASE THE SINGING MACHINE COMPANY ANNOUNCES MANAGEMENT CHANGE COCONUT CREEK, FLORIDA, May 2, 2003 -- THE SINGING MACHINE COMPANY (ASE:SMD), a leading manufacturer and distributor of electronic karaoke equipment and related audio software, announced today that John Klecha has retired from his position as President but will remain a Director of the company. Chairman and Chief Executive Officer Eddie Steele said, "John's contributions to the Singing Machine since he joined our company in 1997 have been numerous and enormous. He was instrumental in building the company virtually from start-up mode to the $100 million dollar sales milestone we achieved last year. For those contributions we can not thank John enough. Perhaps even more importantly, John has been a valuable friend to all of us. He made us a better company every day. With his management skills and energy, he is destined to be equally successful in the new projects he now plans to pursue. Although John has relinquished his day-to-day responsibilities, Singing Machine will continue to benefit from his active involvement on our Board." ABOUT THE SINGING MACHINE COMPANY Incorporated in 1982, The Singing Machine Company produces and distributes a full line of consumer-oriented karaoke machines, CD with graphics machines and CD+G and audio karaoke music under The Singing Machine, MTV and Nickelodeon umbrellas. The company, which is based in Coconut Creek, Florida, was the first manufacturer to offer karaoke electronic recording equipment and audio software for home use in the U.S. SAFE HARBOR STATEMENTS UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. This press release contains forward-looking statements. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions and other risks identified in the Company's filings with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, should one or more of these risks or uncertainties materialize, or should underlying assumptions provide incorrect, actual future results or events may vary materially from those described herein. * * * * * #3299 THE SINGING MACHINE COMPANY, INC. 6601 Lyons Road o Building A-7 o Coconut Creek, Florida 33073 o (954) 596-1000 o Fax (954) 596-2000 -----END PRIVACY-ENHANCED MESSAGE-----