SPGC Sacks Parente Golf Inc

 

 

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): January 22, 2024

 

SACKS PARENTE GOLF, INC.
(Exact name of registrant as specified in its charter)

 

Delaware		001-41701		82-4938288
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 

551 Calle San Pablo
Camarillo, CA 93012

(Address of principal executive offices, including ZIP code)

 

855-774-7888

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

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 of 1933 (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(e) 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 $0.01 per share		SPGC		The Nasdaq Stock Market, LLC

 

 

 

Item 8.01 Other Events

 

On January 22, 2024, the Company issued a press release announcing the signing by Newton Shafts, a division of the Company, of PGA TOUR Champions player Ken Drake as its first player to its roster A copy of the press release is filed as Exhibit 99.1 to this Current Report and is incorporated by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.		Description
99.1		Press Release announcing the signing by Newton Shafts, a division of the Company, of PGA TOUR Champions player Ken Dule as its first player to its roster..
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.

 

Date: January 22, 2024	SACKS PARENTE GOLF, INC.
	By:	/s/ Steve Handy
		Steve Handy
		Chief Financial Officer

 

 

EXHIBIT 99.1

 

 

Newton Shafts, a Division of Sacks Parente, Announces the Signing of PGA TOUR Champions Player Ken Duke as its First Player to its Roster

 

CAMARILLO, CA, January 22, 2024 – Newton Golf Shafts, the newly established business division of Sacks Parente Golf, Inc. (Nasdaq: SPGC) (“SPG” or the “Company”) specializing in advanced shafts using proprietary carbon fiber technology, announces the signing of PGA TOUR Champions player Ken Duke as its first player to represent the Newton brand. Duke has chosen to use the new Newton Motion Shaft in his driver during the upcoming 2024 season.

 

Following his victory at last year’s Shaw Charity Classic on the PGA TOUR Champions, Duke made the switch to the Newton Motion shaft at the TOUR’S Constellation FURYK & FRIENDS event in October. Notably, he ranked first in driving accuracy in that event, successfully hitting 40 of 42 fairways, setting the stage for a series of impressive performances. Since incorporating the Newton Shaft into his bag, Duke has finished first, third, tied for twelfth, and tied for first in driving distance accuracy in events on the PGA Tour Champions.

 

“What I like about the Newton Shaft is that it is very consistent,” said Duke. “As a professional golfer, that’s what we look for. It’s unbelievable how I can shape it. Not only that, but I’ve gained 6-15 yards with it and still get the height that I want. I’m so excited about the shaft and how it can improve my game.”

 

The Newton Motion driver shaft is a carbon fiber shaft designed to enhance a golfer’s performance by promoting straighter and longer shots with reduced effort. Using the Company’s proprietary shaft design and construction, the Newton Motion shaft features four essential technologies:

 

	●	Elongated Bend Profile - The shaft is designed to bend over a longer span of its length, improving club head speed. The added flexibility of the carbon fiber gives the impression the golfer doesn’t need to exert excessive force during the swing.
	●	Kinetic Storage Construction – A proprietary construction empowers the fibers to store more energy that is harnessed through the elongated bend, resulting in a significant boost in exit velocity.
	●	Newton Symmetry360 Design – ensures consistent flex, regardless of the driver’s clocking position.
	●	Variable Bend Profile – meticulously designed to match the bend and torque requirements of each flex. Whether a slow or high swing speed, the Newton Motion technology tailors to the torque.

 

“We are ecstatic that Ken put the shaft in his bag so quickly,” said Greg Campbell, Executive Chairman, Sacks Parente Golf, Inc. “It underscores the performance of our proprietary technology aimed at helping players achieve longer and straighter drives.”

 

In addition to his adoption of the Newton shaft, Duke will collaborate with the Newton brand, providing valuable player insights for product design.

 

 

About Sacks Parente Golf

 

Sacks Parente Golf, Inc. serves as the parent entity of technology-forward golf companies that help golfers elevate their game. With a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, the Company’s innovative accomplishments include: the First Vernier Acuity putter, patented Ultra-Low Balance Point (U.L.B.P.) putter technology, weight-forward Center-of-Gravity (CG) design, and pioneering ultra-light carbon fiber putter shafts.

 

In consideration of its growth opportunities in golf shaft technologies, the Company expanded its manufacturing business in April of 2022 to develop the advanced Newton brand of premium golf shafts by opening a new shaft manufacturing facility in St. Joseph, MO. It is the Company’s intent to manufacture and assemble substantially all products in the United States, while also expanding into golf apparel and other golf-related product lines to enhance its growth.

 

The Company’s future expansions may include broadening its offerings through mergers, acquisitions or internal developments of product lines that are complementary to its premium brand. The Company currently sells its products through resellers, the Company’s websites, Club Champion retail stores, and distributors in the United States, Japan, and South Korea. For more information, please visit the Company’s website at https://sacksparente.com/.

 

Media Contact for SPG:

 

Beth Gast

BG Public Relations

beth.gast@bgpublicrelations.com

 

Investor Contact:

 

CORE IR

516-222-2560

investors@sacksparente.com

 

 

v3.23.4

Cover	Jan. 22, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jan. 22, 2024
Entity File Number	001-41701
Entity Registrant Name	SACKS PARENTE GOLF, INC.
Entity Central Index Key	0001934245
Entity Tax Identification Number	82-4938288
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	551 Calle San Pablo
Entity Address, City or Town	Camarillo
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	93012
City Area Code	855
Local Phone Number	774-7888
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	SPGC
Security Exchange Name	NASDAQ
Entity Information, Former Legal or Registered Name	Not Applicable

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