Singing Machine Co. Reports Director and Officer Changes
Ticker: RIME · Form: 8-K · Filed: Aug 8, 2024 · CIK: 923601
| Field | Detail |
|---|---|
| Company | Singing Machine Co Inc (RIME) |
| Form Type | 8-K |
| Filed Date | Aug 8, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-changes
Related Tickers: SMCN
TL;DR
Singing Machine Co. (SMCN) filed an 8-K for director/officer changes on Aug 2nd.
AI Summary
On August 2, 2024, The Singing Machine Company, Inc. filed an 8-K report detailing changes in its board of directors and executive officers. The filing indicates the election of new directors and potential changes in officer compensation arrangements, though specific details on compensation are not provided in this excerpt.
Why It Matters
Changes in a company's board and executive team can signal shifts in strategy, governance, or operational focus, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: low — This filing is a routine corporate disclosure regarding board and officer changes, with no immediate financial implications presented.
Key Players & Entities
- The Singing Machine Company, Inc. (company) — Registrant
- August 2, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 001-41405 (identifier) — SEC File Number
- 95-3795478 (identifier) — IRS Employer Identification No.
- 6301 NW 5th Way, Suite 2900 (address) — Principal Executive Offices
- Fort Lauderdale, FL (location) — City, State of Principal Executive Offices
- 33309 (zip_code) — Zip Code of Principal Executive Offices
- (954) 596-1000 (phone_number) — Registrant's Telephone Number
FAQ
What specific changes were made to the board of directors and executive officers?
The filing indicates the "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers" as the subject matter, but the specific names and details of these changes are not provided in this excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on August 2, 2024.
In which state is The Singing Machine Company, Inc. incorporated?
The company is incorporated in Delaware.
What is the principal executive office address for The Singing Machine Company, Inc.?
The principal executive office is located at 6301 NW 5th Way, Suite 2900, Fort Lauderdale, FL 33309.
What is the SEC file number for The Singing Machine Company, Inc.?
The SEC file number is 001-41405.
Filing Stats: 472 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-08-08 17:00:14
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share MICS The Nasdaq Stock Mar
Filing Documents
- form8-k.htm (8-K) — 37KB
- 0001493152-24-030819.txt ( ) — 206KB
- mics-20240802.xsd (EX-101.SCH) — 3KB
- mics-20240802_lab.xml (EX-101.LAB) — 33KB
- mics-20240802_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
From the Filing
UNITED 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): August 2, 2024 The Singing Machine Company, Inc. (Exact Name of Registrant as Specified in Charter) Delaware 001-41405 95-3795478 (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 6301 NW 5 th Way , Suite 2900 Fort Lauderdale , FL 33309 (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (954) 596-1000 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 ( 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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share MICS The Nasdaq Stock Market LLC (The Nasdaq Capital Market) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers. On August 2, 2024, Henry Nisser provided notice of his decision to resign from the Board of Directors of The Singing Machine Company, Inc. (the "Company"), effective immediately. Mr. Nisser indicated to the Company that he wishes it and its shareholders well, but believes his other professional commitments make his service on the Company's board of directors impracticable. The Company wishes Mr. Nisser all the best in his future endeavors and thanks him for his contributions to the Company while a member of its board of directors. 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. Date: August 8, 2024 The Singing Machine Company, Inc. By: /s/ Gary Atkinson Name: Gary Atkinson Title: Chief Executive Officer