Unassociated Document
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): November 19, 2009
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
of
incorporation)
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(Commission File
Number)
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(IRS Employer
Identification
No.)
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6601 Lyons Road, Bldg. A-7,
Coconut Creek, Florida 33073
(Address
of principal executive offices and Zip Code)
Registrant's
telephone number, including area code (954) 596-1000
Copies
to:
Gary
Atkinson, Esq.
6601
Lyons Road, Bldg. A-7
Coconut
Creek, FL 33073
(954)
596-1000 (phone)
(954)
596-2000 (fax)
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):
o Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
5.02 Departure of Principal Officer, Appointment of Principal
Officer
Mr. Tony
Handal informed The Singing Machine Company, Inc. (“the Company”) on November
19, 2009 that he is resigning from his position of Chief Executive Officer
effective December 1, 2009. Mr. Handal cites the need to devote more time to his
law practice as the principal reasons for his resignation. Mr. Handal did not
resign as the result of any disagreement with the Company on any matter relating
to the Company's operations, policies or practices. The Board of Directors will
establish a search committee to interview candidates to replace Mr.
Handal.
In the
interim the Board of Directors has appointed Mr. Gary Atkinson as Interim Chief
Executive Officer, effective December 1, 2009. There are no understandings or
arrangements between Mr. Atkinson and any other person pursuant to which Mr.
Atkinson was appointed as Interim Chief Executive Officer. Mr. Atkinson has not
entered into a transaction, nor was there any proposed transaction between Mr.
Atkinson and the Company at any time since the beginning of the Company’s last
fiscal year. Mr. Atkinson is the son of Carol Lau, Chairwoman of the Company’s
Board of Directors.
Gary
Atkinson
Mr.
Atkinson has been with the Company for two years while serving as General
Counsel and Secretary. During that time he has been involved in all areas of the
Company, including finance, logistics, and business development. Mr. Atkinson is
a member of the Florida and Georgia Bar. He graduated from the University of
Rochester with a Bachelors Degree in Economics and has been awarded a
dual-degree J.D./M.B.A. from Case Western Reserve University School of Law and
Weatherhead School of Management.
Item
9.01 Financial Statements and 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 November 24, 2009 issued by The Singing Machine Company,
Inc. (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:
November 24, 2009
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/s/ Carol
Lau |
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Carol
Lau |
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Chief
Financial Officer |
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