Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
15 Febrero 2018 - 4:14PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING
SEC FILE NO.
001-07731
CUSIP NUMBER 291087203
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(
Check One
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☐ Form 10-K ☐ Form 20-F ☐ Form
11-K ☒ Form 10-Q
☐ Form 10-D ☐ Form
N-SAR ☐ Form N-CSR
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For Period Ended: December 31, 2017
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☐ Transition Report on Form 10-K
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☐ Transition Report on Form 20-F
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☐ Transition Report on Form 11-K
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☐ Transition Report on Form 10-Q
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☐ Transition Report on Form N-SAR
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For the Transition Period Ended:
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Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
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If the notification relates to a portion of the filing checked above, identify the Item(s) to which the
notification relates:
PART I REGISTRANT
INFORMATION
Emerson Radio Corp.
Full Name of Registrant
Not applicable.
Former
Name if Applicable
3 University Plaza, Suite 405
Address of Principal Executive Office (
Street and Number
)
Hackensack, New Jersey 07601
City, State and Zip Code
PART II RULES
12B-25(B)
AND (C)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule
12b-25(b),
the following should be completed. (Check box if appropriate)
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☒
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(a)
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The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
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(b)
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The subject annual report, semi-annual report, transition report on Form
10-K,
Form
20-F,
Form
11-K,
Form
N-SAR
or Form
N-CSR,
or portion thereof, will be filed on or before the
fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form
10-Q
or subject distribution report on Form
10-D,
or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
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(c)
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The accountants statement or other exhibit required by Rule
12b-25(c)
has been attached if applicable.
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PART III NARRATIVE
State below in reasonable detail the reasons why Forms
10-K,
20-F,
11-K,
10-Q,
10-D,
N-SAR,
N-CSR,
or the transition report, or portion thereof, could not be filed within the prescribed time period. (Attach Extra Sheets if Needed)
Due to unanticipated technical difficulties with the EDGAR filing system, Emerson Radio Corp. (the Company) was unable to file its
annual report on Form
10-Q
for the quarter ended December 31, 2017 (the Report), prior to the Commissions filing deadline of 5:30 p.m., Eastern Time. Although the Company submitted the
Report prior to the filing deadline, the Report was not accepted for filing by the Commission until 6:24 p.m., Eastern Time, on February 14, 2018. Accordingly, the Report has been filed, but it is deemed to have been filed as of
February 15, 2018, the same date of this notification.
PART IV OTHER INFORMATION
(1)
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Name and telephone number of person to contact in regard to this notification.
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Michael Binney, Chief Financial Officer
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973-428-2000
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(Name and Title)
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(Area Code) (Telephone Number)
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(2)
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Have all other periodic reports required under Sections 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter
period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). ☒ Yes ☐ No
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(3)
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Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion
thereof? ☒ Yes ☐ No
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If so, attach an explanation of the
anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
The Company reported operating loss of $0.9 million for the three months ended December 31, 2017, as compared to operating income of
$0.4 million for the three months ended December 31, 2016. The Company reported net loss of $1.2 million for the three months ended December 31, 2017, as compared to net income of $0.4 million for the three months ended
December 31, 2016. The decreases above can be primarily attributed to the termination of the Companys license agreement with Funai Corporation effective as of December 31, 2016, increased cost of sales for the third quarter of fiscal
2018 as compared to the third quarter of fiscal 2017 primarily related to increased net product sales partially offset by lower year-over-year gross cost of sales as a percentage of gross sales, and increased income tax expense related to an adverse
impact of the Tax Cuts and Jobs Act legislation on the Companys deferred tax assets.
Emerson Radio Corp.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
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Date:
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February 15, 2018
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By:
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/s/ Barry Smith
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Name:
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Barry Smith
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Title:
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Treasurer
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Emerson Radio (AMEX:MSN)
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De Abr 2024 a May 2024
Emerson Radio (AMEX:MSN)
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De May 2023 a May 2024