Turning Point Brands Files 8-K Report
Ticker: TPB · Form: 8-K · Filed: Jan 6, 2025 · CIK: 1290677
| Field | Detail |
|---|---|
| Company | Turning Point Brands, INC. (TPB) |
| Form Type | 8-K |
| Filed Date | Jan 6, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $14.9 million, $270 thousand, $22.0 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, routine-filing, company-information
TL;DR
TPB filed a routine 8-K, no major news.
AI Summary
On January 2, 2025, Turning Point Brands, Inc. filed an 8-K report detailing "Other Events." The filing does not contain specific financial transactions or material business updates beyond its routine reporting nature. The company, incorporated in Delaware, is in the tobacco products industry and is headquartered in Louisville, Kentucky.
Why It Matters
This 8-K filing indicates a routine update from Turning Point Brands, Inc. without disclosing significant new information that would immediately impact investors.
Risk Assessment
Risk Level: low — The filing is a standard 8-K report and does not contain any new material information that would suggest an immediate change in risk.
Key Numbers
- 001-37763 — Commission File Number (Identifies the company's filing with the SEC)
- 20-0709285 — IRS Employer Identification No. (Company's tax identification number)
Key Players & Entities
- Turning Point Brands, Inc. (company) — Registrant
- January 2, 2025 (date) — Date of earliest event reported
- Louisville, Kentucky (location) — Company Headquarters
- North Atlantic Holding Company, Inc. (company) — Former Company Name
FAQ
What is the primary purpose of this 8-K filing?
This 8-K filing is for "Other Events" and appears to be a routine report without specific material disclosures.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on January 2, 2025.
What is the principal executive office address for Turning Point Brands, Inc.?
The address of the principal executive offices is 5201 Interchange Way, Louisville, Kentucky 40229.
What industry does Turning Point Brands, Inc. operate in?
Turning Point Brands, Inc. operates in the TOBACCO PRODUCTS industry, with a Standard Industrial Classification code of 2100.
Was Turning Point Brands, Inc. previously known by another name?
Yes, the company was formerly known as North Atlantic Holding Company, Inc., with a date of name change on May 17, 2004.
Filing Stats: 531 words · 2 min read · ~2 pages · Grade level 11.6 · Accepted 2025-01-06 08:41:38
Key Financial Figures
- $0.01 — ange on which registered common stock $0.01 par value per share TPB NYSE Indi
- $14.9 million — on a fully-diluted basis. CDS generated $14.9 million in revenue, an operating loss of $270 t
- $270 thousand — illion in revenue, an operating loss of $270 thousand and positive EBITDA of $270 thousand fo
- $22.0 m — O at an exercise price initially set at $22.0 million, which decreases over time based
Filing Documents
- ef20041105_8k.htm (8-K) — 26KB
- 0001140361-25-000303.txt ( ) — 157KB
- tpb-20250102.xsd (EX-101.SCH) — 4KB
- tpb-20250102_lab.xml (EX-101.LAB) — 21KB
- tpb-20250102_pre.xml (EX-101.PRE) — 16KB
- ef20041105_8k_htm.xml (XML) — 4KB
01
Item 8.01. Other Events On January 2, 2025, Turning Point Brands, Inc. (the "Company") contributed 100% of its interest in South Beach Brands LLC ("SBB"), the subsidiary that owns and operates the Company's Creative Distribution Solutions ("CDS") segment, to General Wireless Operations, Inc. ("GWO") in exchange for 1,006.45 shares of GWO common stock and 680 shares of GWO Series B Preferred Stock, which together represent 49% of the issued and outstanding GWO common stock on a fully-diluted basis. CDS generated $14.9 million in revenue, an operating loss of $270 thousand and positive EBITDA of $270 thousand for the three months ending September 30, 2024. GWO is a joint venture between the Company and Standard General, LP entered into in December 2018. Under certain circumstances the Company has the right to redeem the contribution of SSB from GWO at fair market value. In addition, the Company received an option with a 15-year term to purchase the remaining 51% of GWO at an exercise price initially set at $22.0 million, which decreases over time based on certain tax sharing payments to GWO. The Company will provide certain transition services to GWO in connection with the operation of SBB on an arm's length basis.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Turning Point Brands, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TURNING POINT BRANDS, INC. Date: January 6, 2025 By: /s/ Brittani N. Cushman Brittani N. Cushman Senior Vice President, General Counsel and Secretary