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):
December 16, 1999 (December 7, 1999)
Emerson Radio Corp.
(Exact name of Registrant as specified in its charter)
Delaware 0-25226 22-3285224
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
9 Entin Road, Parsippany, New Jersey 07054
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(973) 884-5800
Not Applicable
(Former name or former address, if changed since last report)
Item 5. Other Events
Incorporated herein by reference is a press release attached hereto as
Exhibit 5(a) and previously released by Registrant through media sources
concerning the retention by Sport Supply Group, Inc., its 40% owned affiliate,
of PaineWebber as its investment banker to explore strategic alternatives to
increase shareholder value as a result of the decision by Oaktree Capital
Management, LLC not to exercise its option to purchase the Sport Supply Group,
Inc. common stock held by Registrant.
Exhibits Index:
Description of Exhibit
5(a) Press Release
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.
Emerson Radio Corp.
Date: December 16, 1999 By: /s/ Geoffrey P. Jurick
Geoffrey P. Jurick
Chairman of the Board, Chief Executive Officer
and President
EXHIBIT 5(a)
FOR: EMERSON RADIO CORP.
9 Entin Road
Parsippany, NJ 07054-0430
CONTACT: Kenneth A. Corby
(973) 884-5800
(972) 884-2301
Tuesday, December 7, 1999
FOR IMMEDIATE RELEASE
INVESTMENT BANKER RETAINED BY EMERSON AFFILIATE
Sport Supply Group Exploring Alternatives to
Increase Shareholder Value
__
Parsippany, N.J., December 7, 1999 --Emerson Radio Corp. (AMEX:MSN) ("Emerson")
announced that its 40% owned affiliate Sport Supply Group, Inc. (NYSE:GYM) has
retained PaineWebber as its investment banker for the purpose of exploring
strategic alternatives to increase shareholder value.
Geoffrey P. Jurick, Chairman and Chief Executive Officer of Emerson Radio stated
"As a result of Oaktree's decision not to exercise its option to purchase the
Sport Supply common stock held by Emerson, Sport Supply's Board of Directors
announced today that it has retained PaineWebber as its investment banker.
Emerson is in agreement with this decision. Sport Supply Group continues to be
successful in its growth plan that will provide enhanced value to its
shareholders by way of a strategic initiative with an appropriate organization."
This press release other that the historical information, consists of forward
looking statements that involve risks and uncertainties detailed from time to
time in the Company's filings with the Securities and Exchange Commission,
including the Company's reports on Form 10-K, 10-Q, 8-K and 13-D. Actual results
may differ materially.
EMERSON RADIO CORP., founded in 1948, is headquartered in Parsippany, N.J. The
Company designs, markets and licenses, throughout the world, full lines of
televisions and other video products, microwave ovens, clocks, clock radios,
audio, and home theater products. Emerson's web site is www.emersonradio.com.
