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): JUNE 21, 2007
THE
SINGING MACHINE COMPANY, INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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0-24968
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95-3795478
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(State
or other
jurisdiction
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(Commission
File Number)
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(IRS
Employer
|
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of
incorporation)
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Identification
No.)
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6601
Lyons Road, Bldg. A-7, Coconut Creek, Fl 33073
(Address
of principal executive offices and Zip Code)
Registrant's
telephone number, including area code (954) 596-1000
Copies
to:
Darrin
M.
Ocasio, Esq.
Sichenzia
Ross Friedman Ference LLP
61
Broadway, 32nd
Floor
New
York,
New York 10006
Phone:
(212) 930-9700
Fax:
(212) 930-9725
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))
On
June
27, 2007, The Singing Machine Company, Inc., a Delaware corporation (the
“Company”) announced its operating results for the fiscal year ended March 31,
2007. A copy of the press release that discusses these operating results is
filed as Exhibit 99.1 to, and incorporated by reference in, this Current Report.
The
information included in this Item 2.02 of this Current Report is being furnished
and shall not be deemed "filed" for the purposes of Section 18 of the Securities
Exchange Act of 1934 or otherwise subject to the liabilities of that Section.
The information included in this Item 2.02 of this Current Report shall not
be
incorporated by reference into any registration statement or other document
pursuant to the Securities Act of 1933, except as shall be expressly set forth
by specific reference in any such filing.
Item
5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
Effective
as of June 21, 2007, Mr. Danny Zheng resigned from his position as the Interim
Chief Executive Officer of the Company. Effective as of the same date, the
board
of directors of the Company appointed Mr. Anton “Tony” Handal as the Chief
Executive Officer of the Company. There are no family relationships among Mr.
Handal and any of the Company’s directors, executive officers, or persons
nominated or chosen by the Company to become directors or executive officers.
There are no understandings or arrangements between Mr. Handal and any other
person pursuant to which Mr. Handal was appointed as the Chief Executive
Officer. Mr. Handal has not entered into a transaction, nor was there any
proposed transaction between Mr. Handal and the Company at any time since the
beginning of the Company’s last fiscal year. Mr. Handal intends to spend his
work time between his newly appointed position as the CEO of the Company and
as
a partner of Handal & Associates.
Anton
“Tony” Handal, 52.
Mr.
Handal became the Chief Executive Officer of the Company on June 21, 2007.
He is
also the founder and principal of Handal & Associates, a law firm founded in
1983. Mr. Handal is a member of the California and Florida State Bars. He is
a
graduate of University of California at Los Angeles (UCLA) school of Economics
and received a Juris Doctor degree from Southwestern University School of Law.
Item
9.01 Financial Statements and Exhibits
(d)
Exhibits
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Exhibit
Number
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Description
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99.1
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Press
Release, dated June 27, 2007, issued by Manaris Corporation. (Filed
herewith)
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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.
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THE
SINGING MACHINE COMPANY, INC. |
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| Date: June
27, 2007 |
By: |
/s/ Danny
Zheng |
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Danny
Zheng
Chief
Financial Officer
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