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): August 30, 2019

 

SEQUENTIAL BRANDS GROUP, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-37656   47-4452789
(State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)

 

601 West 26th Street, 9th Floor, New York, NY 10001

(Address of Principal Executive Offices/Zip Code)

 

(646) 564-2577

(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:

 

¨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 $0.01 per share SQBG 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 7.01. Regulation FD Disclosure

 

On August 26, 2019, Prescott Group Capital Management, L.L.C. and certain other persons affiliated with or managed or advised by it (collectively, “Prescott”) filed a Schedule 13D with respect to the securities of Sequential Brands Group, Inc. (the “Company”). As noted in the Schedule 13D, on August 15, 2019, the Company delivered to Prescott a letter inquiring, among other things, about Prescott’s desire to have a representative join the Company’s board of directors. A copy of the letter is attached hereto as Exhibit 99.1.

 

Item 9.01. Financial Statements and Exhibits

 

(d)Exhibits.

 

Exhibit Number Description
99.1 Letter to Prescott, dated August 15, 2019.

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

  Sequential Brands Group, Inc.  
       
Date:  August 30, 2019 By: /s/ Peter Lops  
  Name: Peter Lops  
  Title: Chief Financial Officer  

  

 

 

 

Exhibit 99.1

 

 

 

SEQUENTIAL BRAND GROUP

 

VIA PDF

 

August 15, 2019

 

Mr. Phil Frohlich

Prescott Group Capital Management, LLC

1924 South Utica Avenue, Suite 1120 Tulsa, OK 74104

Re: Sequential Brands Group, Inc.

 

 

Dear Mr. Frohlich

 

1.       The Company intends to make additional disclosures concerning the 2015 transaction in which you expressed interest in its next report on Form 10-Q. This additional information will become available to all shareholders simultaneously.

 

2.       The Company continues to be willing to add you as a new member of the Board of Directors if you will agree to the ordinary process for new directors and the customary restrictions previously described by our outside counsel.

 

3.       If that is no longer of interest to you, on behalf of the Board, I invite you to attend in person an upcoming meeting of the Board at which you will be given the opportunity to present to the Directors your views on the various issues you have raised in your correspondence.

 

Sincerely,

 

/s/ William Sweedler

 

William Sweedler

 

cc:Mr. Stewart Leonard, Jr.

Mr. Gary Johnson

Mr. Al Gosset

Ms. Karen Murray