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): November 21, 2006
EMERSON RADIO CORP.
(Exact Name of Registrant as Specified in Charter)
Delaware 001-07731 22-3285224
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(State Or Other (Commission (IRS Employer
Jurisdiction Of File Number) Identification No.) Incorporation)
9 Entin Road, Parsippany, New Jersey 07054
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(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 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Effective as of November 21, 2006 (the "Effective Date"), Emerson Radio
Corp. (the "Company") amended (the "Amendment") its 2004 Non-Employee Outside
Director Stock Option Plan (the "Director Plan") in order to increase the number
of shares available for issuance thereunder by 250,000 shares of common stock,
par value $.01 per share, of the Company ("Common Stock"), from 250,000 shares
to 500,000 shares. Immediately prior to the Effective Date, options to purchase
250,000 shares of Common Stock were outstanding and no shares of Common Stock
were available for issuance under the Director Plan. On the Effective Date,
immediately following the Company's Annual Meeting of Stockholders at which the
stockholders of the Company approved the Amendment (the "Annual Meeting"), W.
Michael Driscoll, Jerome H. Farnum, Eduard Will, Greenfield Pitts and Norbert R.
Wirsching, each of whom began to serve as a director and/or the chairman of one
of the Board committees at a time when no additional shares were available under
the Director Plan, received options to purchase shares of Common Stock under the
Director Plan as set forth below. Mr. Driscoll received options to purchase
50,000 shares of Common Stock and Messrs. Farnum, Will, Pitts and Wirsching each
received options to purchase 25,000 shares of Common Stock.
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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: November 27, 2006
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