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): January 18, 2007
EMERSON RADIO CORP.
(Exact Name of Registrant as Specified in Charter)
Delaware 001-07731 22-3285224
(State Or Other (Commission (IRS Employer
Jurisdiction Of Incorporation) File Number) Identification No.)
9 Entin Road, Parsippany, New Jersey 07054
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (973) 884-5800
Not Applicable
(Former Address, if changed since Last Report) (Zip 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))
ITEM 8.01. OTHER EVENTS
Emerson Radio Corp. (the "Company") has been advised by MTV Networks, a
division of Viacom International Inc. ("MTVN"), that MTVN has elected not to
renew the license agreements (the "License Agreements") pursuant to which MTVN
licenses to the Company the Nickelodeon name, trademark and logo, along with
several of Nickelodeon's other trademarks and logos. In connection therewith,
the Company and MTVN have extended the existing terms of the License Agreements,
each of which was to expire in December 2006, through March 31, 2007. The
Company will also have a 90-day "sell-off" period immediately following the end
of such terms, as extended, during which the Company will have an opportunity to
fill orders for and ship products that contain the trademarks and logos licensed
under the respective License Agreements. The cumulative average of the net
revenues generated by the Company under the License Agreements during the period
from October 2003 through December 2006 accounted for approximately 11.3% of the
total net revenue generated by the Company during such period. However, as
previously disclosed in the Company's filings with the Securities and Exchange
Commission, the amount of revenue generated under the License Agreements had
decreased significantly for the first six months of fiscal 2007 as compared to
the same period in fiscal 2006. As previously disclosed, the Company has entered
into a new license agreement during fiscal 2007 and intends to continue to
pursue additional license agreements in the future.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
EMERSON RADIO CORP.
By: /s/ John J. Raab
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Name: John J. Raab
Title: Chief Operating Officer and
Senior Executive Vice President
Dated: January 22, 2007