Current Report Filing (8-k)
06 October 2020 - 9:16PM
Edgar (US Regulatory)
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
Date
of Report (Date of earliest event reported): October 1, 2020
COLLECTORS
UNIVERSE, INC.
(Exact
name of registrant as specified in its charter)
Delaware
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|
1-34240
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33-0846191
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(State
or other jurisdiction
of
incorporation)
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
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1610
East Saint Andrew Place, Santa Ana, California
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92705
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(Address
of principal executive offices)
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|
(Zip
Code)
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Registrant’s
telephone number, including area code: (949) 567-1234
N/A
(Former
name or former address, if changed since last report)
Securities
Registered under Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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Common
Stock $0.001 Par Value
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CLCT
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Nasdaq
Global Market
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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:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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 1.01. Entry into a Material Definitive Agreement.
On
October 1, 2020, Collectors Universe, Inc. (the “Company”), as tenant, and Drawbridge Pacific Center Owner,
LLC, as landlord, entered into an amendment (the “Amendment”) of the Company’s existing Office Lease Agreement
dated as of February 3, 2017 (the “Original Lease”). Pursuant to that Amendment, the Company is leasing an additional
62,870 square feet, adjacent to its existing headquarters and operations offices, thereby increasing the total available space
at that location to 125,625 square feet, to accommodate the Company’s continuing growth and future expansion plans. The
Company plans to use part of the extra space for the future addition of automation solutions that would enable rapid image recognition
and capture to increase the efficiency and volume of authenticating and grading trading cards and coins. The term of this lease
of the additional square footage, under the Amendment, will continue until September 30, 2028, coterminous with the Original Lease.
The Company plans to begin occupying and using the new space in early fiscal second quarter.
The
foregoing summary of the Amendment is not intended to be complete and is qualified in its entirety by reference to the Amendment,
a copy of which will be attached as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended September
30, 2020.
Item 7.01. Regulation FD Disclosure
On
October 5, 2020 the Company issued a press release reporting its entry into the Amendment. A copy of that press release is attached
as Exhibit 99.1 to, and by this reference is incorporated into, this Current Report on Form 8-K.
In
accordance with General Instruction B. 2 of Form 8-K, the information in this Current Report, including Exhibit 99.1 hereto, is
being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934,
as amended, or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference
in any filing under the Securities Act of 1933, as amended.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on
its behalf by the undersigned hereunto duly authorized.
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COLLECTORS
UNIVERSE, INC.
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Dated:
October 6, 2020
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By:
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/s/
JOSEPH J. WALLACE
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Joseph
J. Wallace, Senior Vice President & Chief Financial Officer
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