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: January 12, 2001
Emerson Radio Corp.
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(Exact name of registrant as specified in charter)
Delaware 0-25226 22-3285224
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
9 Entin Road, Parsippany, New Jersey 07054
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(973) 884-5800
Not Applicable
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(Former Address, if changed since Last Report) (Zip Code)
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Item 5. Other Events.
On January 12, 2001, in a privately negotiated transaction, Emerson
Radio Corp. ("Emerson") purchased 1,629,629 shares of common stock, par value
$.01 per share (the "Common Stock"), of Sport Supply Group, Inc. ("SSG") from
SSG for a total purchase price of $2,200,000. The purchase price was paid out of
funds made available pursuant to Emerson's lending agreement with Congress
Financial Corporation, its senior secured lender. As a result of this
transaction, as of January 12, 2001, Emerson directly owned 4,326,029 shares of
Common Stock, or approximately 48.3% of the total outstanding Common Stock and,
as a consequence of its ownership of a presently exercisable warrant to purchase
1,000,000 additional shares of Common Stock, beneficially owned approximately
53.8% of the outstanding Common Stock.
<PAGE>
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.
EMERSON RADIO CORP.
By: /s/ Geoffrey P. Jurick
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Name: Geoffrey P. Jurick
Title: Chairman of the Board, Chief
Executive Officer and President
Dated: January 17, 2001
