0001314772 false 0001314772 2022-01-03 2022-01-03 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

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

 

  January 3, 2022  
  Date of Report (Date of earliest event reported)  

 

  SUMMER INFANT, INC.  
  (Exact Name of Registrant as Specified in Charter)  

 

Delaware   001-33346   20-1994619
(State or Other   (Commission File Number)   (IRS Employer
Jurisdiction of Incorporation)       Identification No.)

 

  1275 PARK EAST DRIVE  
  WOONSOCKET, rhode island 02895  
  (Address of Principal Executive Offices) (Zip Code)  

 

  (401) 671-6550  
  (Registrant's telephone number, including area code)  

 

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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading
Symbol(s) 		Name of each exchange
on which registered
Common Stock, par value $0.0001 SUMR Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company  ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

 

 

 

 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On January 3, 2022, Summer Infant, Inc. (the “Company”) entered into an amendment (the “Amendment”) to the existing engagement letter between the Company and Riveron RTS, LLC (formerly Winter Harbor LLC), originally dated December 9, 2019 and further amended on February 28, 2020 and November 30, 2020 (the “Engagement Letter”). The Amendment modified the Engagement Letter to increase the weekly rate of compensation payable from $40,000 to $46,000. As previously disclosed, neither Stuart Noyes, the Company’s CEO and a member of the Company’s Board of Directors, nor Bruce Meier, the Company’s Interim CFO, will receive any compensation from the Company for their services, rather, the Company compensates Riveron in accordance with the Engagement Letter, as amended.

 

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed herewith as Exhibit 10.1 and is incorporated herein by this reference.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit    
Number   Description
     
10.1   Third Amendment to Engagement Letter, dated January 3, 2022, between Summer Infant, Inc. and Riveron RTS, LLC
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

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.

 

  SUMMER INFANT, INC.
   
Date: January 7, 2022 By: /s/ Bruce Meier
    Bruce Meier
    Interim Chief Financial Officer

 

 

 

Summer Infant (NASDAQ:SUMR)
Gráfica de Acción Histórica
De Ene 2025 a Feb 2025 Haga Click aquí para más Gráficas Summer Infant.
Summer Infant (NASDAQ:SUMR)
Gráfica de Acción Histórica
De Feb 2024 a Feb 2025 Haga Click aquí para más Gráficas Summer Infant.