-----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, J7h9Kr6CbDZexmoI5nGHkLOKyKy5XtybA0Z0okzhNY4EDl6qrTNFB7kEUR+GKTyd D4PDijqskpEfMIzR+1TrUg== 0001144204-09-062537.txt : 20091201 0001144204-09-062537.hdr.sgml : 20091201 20091201101201 ACCESSION NUMBER: 0001144204-09-062537 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20091119 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20091201 DATE AS OF CHANGE: 20091201 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: 091213828 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 v167604_8k.htm Unassociated Document
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 19, 2009

THE SINGING MACHINE COMPANY, INC.
(Exact name of registrant as specified in its charter)
 
 
Delaware 
0-24968 
 95-3795478
(State or other jurisdiction
of incorporation) 
(Commission File Number) 
(IRS Employer
Identification No.)
 
 
 
6601 Lyons Road, Bldg. A-7, Coconut Creek, Florida 33073
(Address of principal executive offices and Zip Code)

Registrant's telephone number, including area code (954) 596-1000

Copies to:
Gary Atkinson, Esq.
6601 Lyons Road, Bldg. A-7
Coconut Creek, FL 33073
(954) 596-1000 (phone)
(954) 596-2000 (fax)

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):

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 5.02 Departure of Principal Officer, Appointment of Principal Officer

Mr. Tony Handal informed The Singing Machine Company, Inc. (“the Company”) on November 19, 2009 that he is resigning from his position of Chief Executive Officer effective December 1, 2009. Mr. Handal cites the need to devote more time to his law practice as the principal reasons for his resignation. Mr. Handal did not resign as the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. The Board of Directors will establish a search committee to interview candidates to replace Mr. Handal.

In the interim the Board of Directors has appointed Mr. Gary Atkinson as Interim Chief Executive Officer, effective December 1, 2009. There are no understandings or arrangements between Mr. Atkinson and any other person pursuant to which Mr. Atkinson was appointed as Interim Chief Executive Officer. Mr. Atkinson has not entered into a transaction, nor was there any proposed transaction between Mr. Atkinson and the Company at any time since the beginning of the Company’s last fiscal year. Mr. Atkinson is the son of Carol Lau, Chairwoman of the Company’s Board of Directors.

Gary Atkinson

Mr. Atkinson has been with the Company for two years while serving as General Counsel and Secretary. During that time he has been involved in all areas of the Company, including finance, logistics, and business development. Mr. Atkinson is a member of the Florida and Georgia Bar. He graduated from the University of Rochester with a Bachelors Degree in Economics and has been awarded a dual-degree J.D./M.B.A. from Case Western Reserve University School of Law and Weatherhead School of Management.


Item 9.01 Financial Statements and Exhibits.

(a)  
Exhibits.

Exhibit Number
 
Description
99.1
 
Press Release, dated November 24, 2009 issued by The Singing Machine Company, Inc. (Filed herewith).

 
 

 
 
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.
 
 
THE SINGING MACHINE, COMPANY, INC.
 
     
       
Date: November 24, 2009     
 
/s/ Carol Lau  
    Carol Lau  
    Chief Financial Officer  
       
 
 
 

 
EX-99.1 2 v167604_ex99-1.htm Unassociated Document
 
 
Company Contact:
Gary Atkinson
(954) 596 – 1000
GaryAtkinson at singingmachine.com
www.singingmachine.com
 
FOR IMMEDIATE RELEASE
 

Singing Machine Announces Resignation of Tony Handal.

Coconut Creek, FL, November 24, 2009 -- The Singing Machine Company, Inc.  (“Singing Machine” or the “Company”) (OTCBB: SMDM) announces a transition at Chief Executive Officer. On November 19, 2009 the Company received a notice of resignation from Mr. Tony Handal, CEO of the Company. Mr. Handal’s letter of resignation is effective December 1, 2009 and cites a reason to dedicate more time to his law practice as the primary reason for his resignation.

The Company’s Board of Directors will establish a search committee to find Mr. Handal’s replacement. In the interim, the Board has appointed Mr. Gary Atkinson as Interim Chief Executive Officer until a replacement has been found. Mr. Atkinson has served with the Company for two years as its General Counsel and Secretary and during that time has been heavily involved in all aspects of the Company’s operations, including overseeing the Logistics operation and improving coordination with the Hong Kong office. Mr. Atkinson commented, “On behalf of the Company, I want to thank Tony for all his hard work and dedication. During his tenure we saw one of the worst economic recessions in history. Despite this, he was instrumental in implementing numerous key initiatives like getting the Company into the portable video product category. I look forward to continuing this trend for FY2011.” Atkinson continued, “While I see the need to diversify our product categories, my goal is to help bring the Company back to basics by building on our core strength as the #1 dominant brand in home karaoke. I am also committed to improving the Company’s level of service to all of its partners in order to solidify better relationships to grow the business.”

About The Singing Machine
Incorporated in 1982, The Singing Machine Company develops and distributes a full line of consumer-oriented karaoke machines and music under The Singing MachineTM, SMDigital™, SoundX™, and Sound X Kids™ and other brand names.  The first to provide karaoke systems for home entertainment in the United States, The Singing Machine sells its products in North America, Europe and Australia. The Singing Machine is also the first to offer digital music downloads for play on home karaoke machines. See www.singingmachine.com for more details.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management and include, but are not limited to statements about our financial statements for the fiscal year ended March 31, 2009.  You should review our risk factors in our SEC filings which are incorporated herein by reference.  Such forward-looking statements speak only as of the date on which they are made and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.


GRAPHIC 3 logo1.jpg GRAPHIC begin 644 logo1.jpg M_]C_X``02D9)1@`!`0```0`!``#_VP!#`!`+#`X,"A`.#0X2$1`3&"@:&!86 M&#$C)1TH.C,]/#DS.#=`2%Q.0$17137!D>%QE9V/_ MVP!#`1$2$A@5&"\:&B]C0CA"8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-C M8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V/_P``1"`!Y`+L#`2(``A$!`Q$!_\0` M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4% M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D* M%A<8&1HE)B7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7& MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$! M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$" M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$ MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4 MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#NKBYAMDWS MR*B^_>JG]N:?_P`_'_CC?X5@Q++K>HLTK[$`W$]D7T%59]>T"TD,,-G+=!># M+NP&^G-4HM["N=1_;FG_`//Q_P".-_A1_;>G_P#/Q_XX?\*Y/_A)]%_Z!,G_ M`'W_`/7H_P"$GT7_`*!,G_??_P!>GR2[!='6?VWI_P#S\?\`CA_PH_MO3_\` MGX_\G M_P#/?_QT_P"%']MZ?_SW_P#'3_A7)_\`"4:+_P!`F3_ONE_X2?1L9_LF3'^] M1R2[!_P#XZ?\`"C^V]/\`^>__`(Z?\*Y/_A*-%_Z!,G_?='_" M4:+_`-`F3_ONCDEV"YUG]MZ?_P`]_P#QT_X4?VWI_P#SW_\`'3_A7)_\)1HO M_0)D_P"^Z4>)]&8@+I$I)X`#4_P#XZ?\`"N2_X2G1O^@5)_WW1_PE.C?]`J3_`+[H MY)=@NCK?[9L/^>__`(Z?\*/[8L?^>W_CI_PKDO\`A*M&_P"@5)_WW2_\)5H_ M_0*D_P"^Z.278+HZS^V+'_GM_P".G_"E&KV).//'XJ?\*Y+_`(2K1_\`H%2? M]]BK6GZKHNKSBU6*2SG;B,DY#'TI7Y<6EN\VP9;:.E5BA4D,""."#VH`TX-,@ET@W+7,2 M2&4+N8G"C'0\=:F-M]HT"RS+'$B2/N=SQU_,TRS@DNO#\T,"&21;@.5'7&W% M,NA_Q3UB/^FDG\ZSZC*MUITUM<1P_++YH!C:,Y#@],5*^E$"14NH))XP2\2D MYXZX.,$BM!)4@&ARRG"*'R3VYIKIJ%I,\L=A;D("PF1,@KCKG/I3NP,&M[PD MI%]-,JY=$VJ<9*DGJ/?`(_&L+%=I\/(XL7TC;=RE,9[?>YISTB"W-'5HKA]' MN_M:;X(XF;]Z,D-CC!ZYSBO.:]-\;3^5X@`R34\NG7D*;YK.XC7^\\3`?J*ZSPA%Y&AW]]:Q":]!*H, M9/`!`_,_CBLD^*=8VRQRSA@ZE2&C`*YXXP!S57;=D+1+4AT'6+_2EG6R@699 M,%@4)VGL>*RW,MS3Q77_#T?/?_`$C_`/9JQ_#_`!XJM_\` MKJW\C2OJ]`Z(R$@F,WEI%(9.FT*<_E3I[.YML?:+::'/3S$*Y_.NR\1ZR-&O MY8=.C1;J;#SS,,D<<`?@*E\.ZRVOQ7&G:DB2,8\Y`QN7H>/49%+F=N:V@[*] MC@L5/!9W=RA^SV\\RC_GFA8?I6IHVC?:_$)L9?FC@=O-[9"G'ZG`_&M77?$\ M]I=M8Z5L@B@.PL$!R1U`!X`%4WK9"6UV'EQKUK# M-'N1I`'C<<'TR/8\UU7A?6?[8NME]&AO+=2TC_`-?K M?^A&E=NZ:#LQOC.XDFUUK101%`JHD8/&2`<@?CC\*PC!(L@C,3AST4J\3ZI'HURLMM$C7\Z`>8XSL0?XG-).R22'O=G"S6%W; MIOGM)XD/\3QE1^M08KN/#7B.XU&\-AJ(CE$JG:VT#/'((Z8QFL.YT7=XJ?3( M/E1I>/\`94C=^@JE+6S$UU1D06D]R2+>WEE(ZB-"W\J)+6>*41202)(>B,A! M/X5V.O:X=$9-+TA$A\I1O?:#C(Z?7N2?6D\.Z])JM]%9ZHJ2R`[X90H!##GM M[9IP65['&/&T;;71E8=F<5N>,.?$MU_P#_P!`%8N*M:JY+T8W%*H^ M8?6EQ2J/F'UIV"YZ1JO_`"&(/HG_`*$:W:PM5_Y#$'T3^9K>KA.@XZW'_%.: MM_US']:XS%=I;_\`(NZK_N#^M<;BNJCLSGJ/4NZ3J]WI$Q>V8%6^_&W*M74P M-IOBZWE62W%O>QKG>.OL<]Q[&L'2QHYW!#$5^49.21_A3:?)87,N2WU6ZBE&&$K?B"<@U-+?M%KDNH6AP?/:1,CJ"3U_`UMW6M:'JR*^I6 M,RSJ,;HS^FL*T82>--Z]&O&(_[Z-3JV_0= M]$.UP?\`%;-_UVB_DM3^/1_Q-;?_`*X#_P!"-5_$#B+Q?+*_W4DC8X]`JTSQ M3J5OJM]%-:[BJQ;3N&.VC,%)4HQ&""%']10XWE\ MA*241WBJ!X?$%SO'$A#J?4$?Y'X4[PC$[^(K8JN0FYF/H-I']16F_B#2]4MH MX]8LI#*@XDC]?;D$?3FI]"U*R&J06>D631)(29993EF`4G'?'-)M\MK#5N:] MS%\7C_BI+K_@'_H"UC8K9\5,)/$5V1V*C\E`K(Q6D%[J(E+5C<4JCYA]:7%* MH^8?6F+F/0]4_P"0Q!]%_G6[6'JG_(7@^B_SK9Q MCDD\#\OUIW_",V=W:/+I=\9G7^%L%DCL6N["Y\]`-V"`W8AEN$MTVEB[].*UH])T&1Q$NJN93P#MPI/Y?UIN:0E%LY^T2$W<0N25@WC MS".NWO6\V@:1,=]MK<:)Z28R/U'\JH:QI$NDW(C=@\;C*.!C/_UZET?09]3! ME+"&W7K(PZ_2IDU;F3&EK:QI+?:9X?LI8M-E^U7DHP9,<#T_#VK$T`'^W;,G M_GJ*USH^A;O+_M<^9TSQM_/&/UJCI<*0>)8(XI/,1)]H?'WL=Z2M9V*=[H9X MJ'_%17?U3_T!:R=M=;J6E07FN:A<7=VMM!&R`D]2=@Z5%<>&();)KG2KO[0% M&=IP<^V1W]J(SBDDQ.#;;,WP[865]>.E_-Y:JF57=MW'ZU1OH(8;^:*WD\R% M7(5^N15[0M*75;QX'D,86,OD#/<#^M%OI:2Z\=.,I"B1TWXYXSV_"JNE)ZBM MHM"Z=$T:Z`>TUA8@1G;-C(_/%6;671_#J22P7/VZ\9=HV]!_0?G4!\-16\LK MW]X+>V5]J,P^:3Z"GW'AFWEL6N=+O#<;1G:<'/MQT/M6;<7HWH79K5(YJ>22 MXGDFE.7D8LQ]S3-M6(+>2XF2&%"\CG"@=ZW9-!TVP55U/42DS#)2)#Z+_.MNN`[#DK/_D`ZI_N#^M[)JY0'Y7C.1],5:\9C-U;?[A_G57PH,:R/^N;4+^$#_B%+Q`SRZU=%SG#[ M1[`5M^#)I'6YMW8M&@7:IZ#).:QM;7_B<7?_`%T-:_@L8FN_]U?ZTYK]V*/Q MG/P6$UW>-;VR;VR?H!ZFM4^'K2V(6^U6*.3NBC)'Z_TK1\+;,WX4@3%N"?3G M'ZU@KI5_-=&(V\OF%OF9E./J33YFVU>UA625[7-SQ)"=/T2VL8/E1_E8CN`.?S)I_BB,)HEI&K;@CJH8=\*:?<1CQ#H4;1,/M, M6"03_%CD?C64=$F]KFCW:ZG%[:OZ&O\`Q.K3_KH*7^R;_P`S9]CGS_N''Y]* METF)X==MXY%*NDN&'H171)IIV,4G="^*`?[=N1GCY3C_`("*T/!4CK=7$6?D M*!L>X./ZU3\3#.NW'T7_`-!%6_!PQJ$__7+^HK.7\(M?Q!_AR,1^)[]5&%42 M`#_@8JM9C_BM&/\`T\2?^S5=T$?\51J!_P"NG_H8JI9C_BLF/_3Q)_6EU?H/ MHO4@\5R22ZU(C-E(U4*/3(!/\ZL>"W==0GB!^1HMQ'N"/\35;Q,,Z[ M35+8M(Q)R>GMUHTJ[2T\370D8*DTCID]`=V1_GWJOJ^@W5O=R/!"\L+L2I09 M(SV(J=>;>P].78U])T^*PL[NWGOH)8IE^Z&''!!_I^5<8J_,/K5U]-O$A>:2 MVE2-.K.N/YU75?F'UK2$;7=[D2=[*QVNI_\`(6A^B_SK;K$U/_D+0_1?YUMU MPG6QF2N\TK22,6=CDD]ZEM;JX MLRQMI6C+=<=ZO?V#J7_/M_X^O^-']@ZE_P`^W_CZ_P"-'-#:X M=%(R2?WE.#5N?6=1GC,]AVDBC)=W$MLEO)*S1)C:IZ"F6\TUM)YD$K1MZJ<5H_V#J7_/M_X^ MO^-']@:E_P`^W_CZ_P"-'-#N+EEV)K2^US4"T=O,S`?>;:JX_'%3VVAWEM>1 MWUS*CE9`SX)9CSR>E5[?2=8MGWP1O&WJLB\_K5]&\1J,%`WUV5E+^ZT:+^\F M1:EHEQJ=_/=0.@0D`!\C.%'M67);ZCHLN[)B+C`=2"#6TS^(V'"*OTV50N-* MUFZ<-<(\A'3=(O'ZTX.VC:L*2ZI.YEPW=S!M:']@ZE_P`^_P#X^O\`C1_8.I?\^W_CZ_XUIS0[D6EV,Z>66YF: M69R\C=6/>EMKB>TD,EO(8W(P2/2M#^P=2_Y]O_'U_P`:/[`U+_GV_P#'U_QH MYH;7#EEV,MRTDC.YRS$DGU)JY;ZKJ%LFR*Z<*.@8!L?G5C^P-2_Y]O\`Q]?\ M:/[`U+_GW_\`'U_QHY=E/51A0?P%5%7YA]:U/[`U+_ M`)]__'U_QJS8Z!.LRRWVV&%#DY8$GVIB@#(_ JLV]_Y_#_`-]&FMI%Q(1YMSN'ODULT4`5;.RBM%.SYG/5CU-6J**`/__9 ` end
-----END PRIVACY-ENHANCED MESSAGE-----