Current Report Filing (8-k)
15 September 2015 - 1:01AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported): Sept. 4, 2015
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Hannover House, Inc.
(Exact name of registrant as specified
in its charter)
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Wyoming |
000-28723 |
91-1906973 |
(State or Other Jurisdiction |
(Commission |
(I.R.S. Employer |
of Incorporation or Organization) |
File Number) |
Identification No.) |
1428 Chester Street, Springdale,
AR 72764
(Address of Principal Executive Offices) (Zip Code)
479-751-4500
(Registrant’s telephone number, including area code)
f/k/a "Target Development Group,
Inc."
f/k/a "Mindset Interactive Corp."
330 Clematis Street, Suite 217, West
Palm Beach, Florida 33401 (561) 514-0936
(Former name or former address and former fiscal year, 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:
x |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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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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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
SECTION
1 — REGISTRANT'S BUSINESS AND OPERATIONS
Item 1.01 |
Entry into a Material Definitive Agreement.
a). Hannover House, Inc. (“Company”) and Medallion
Releasing, Inc. (“Medallion”) have entered into an agreement with East Side Story, LLC (“ESS”) for the
release of the feature film, “Dancin’ It’s On” (the “Film”) to theatres, video and other applicable
media formats in the territory of the United States and Canada. Under the terms of the agreement, ESS shall be responsible to fund
the releasing costs for Film, with Company and Medallion earning customary servicing and distribution fees. Company plans to release
the film to approximately six-hundred (600) theatres on or about October 16, 2015.
b). Hannover House, Inc. ("Company") has agreed
to make monthly installment payments to TCA Global Master Fund (“TCA”) in lieu of ongoing debt-conversion transactions
utilizing Rule 144 exemptions for qualifying, and aged debts into stock. Effective as of September 4, 2015, Company will make monthly
installments of $25,000 to TCA and TCA shall defer or otherwise “stay” from pursuing other collection-enforcement actions
and remedies until the entire TCA debt balance is retired and / or until a new agreement is reached regarding an acceleration of
the debt payments. TCA shall continue to hold the certificate for 10-mm restricted shares in HHSE as collateral until the debt
is retired or otherwise deemed as satisfied.
c). Additional Board of Directors Actions – The Company’s
Board has authorized the hiring of additional support staff and middle-managers in the areas of marketing, advertising, promotions
and technical services, to better handle the additional workload requirements of the growing slate of films and growing revenues
from orders, contacts and licenses. The Company’s Board has further authorized management to proceed with the negotiation
of a significant financing for the Company which would be structured primarily as an Accounts Receivable based facility (allowing
for the acceleration of payments due from Netflix and long-term receivables from Cable Licensors), in order to create a significant
cash resource from which leveraged debt reductions could occur.
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SECTION 2 — FINANCIAL INFORMATION
Item 2.01 |
Completion of Acquisition or Disposition of Assets. Not Applicable. |
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Item 2.02 |
Results of Operations and Financial Condition. As a management review tool, and for the purposes of assisting with the pursuit of Accounts Receivable financing as described above in Item 1.01-c, Company management has generated a report itemizing current sales, contracts and existing orders for Company’s products, along with projected revenues for certain items and months leading to year-end 12/31/2015, and attached that report to this Form 8 as an Exhibit. The Company wishes to acknowledge that projections are forward-looking statements and that many factors may impact the actual results and recognition of such results, including, but not limited to, changes in release dates, changes in products, and competitive factors affecting the number of theatres, video placements or video-on-demand platforms supporting Company’s titles. As indicated on the Exhibit, the Company is anticipating year-end revenues of approximately $6.4-mm, with earnings of approximately $2.23-mm, which is based on a revenue recognition of fifty percent (50%) of 80% of the actual revenue forecasts by title and media source for the final four months of 2015, added to the previously reported Q1 and Q2 results, as well as the pending Q3 results for the completed months of July and August, and the current month-in-progress, September, 2015. |
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SECTION 9 — FINANCIAL STATEMENTS
AND EXHIBITS
Item 9.01 |
Financial Statements and Exhibits. |
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(d) Exhibits.
1) - 2015 Sales Analysis & Forecast for the last
four months of the year; and
2) - 4-year Analysis of the growing disparity between
actual revenue and earnings results for Company and declining share price. |
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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: September 14, 2015 |
Hannover House, Inc. |
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By |
/s/ Eric F. Parkinson |
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Name: Eric F. Parkinson
Title: C.E.O. |
INDEX TO EXHIBITS
Exhibit No. |
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Description |
1 |
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2015 Sales Analysis & Forecast for the last four months of the year. |
2 |
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4-year Analysis of the growing disparity between actual results for Company and share price. |
EXHIBIT 1 – 2015 Sales Analysis & Forecast
for the last four months of the year.

EXHIBIT 2 - 4-year Analysis of the growing disparity
between actual revenue and earnings results for Company and declining share price.

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