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): DECEMBER 1, 2004
THE SINGING MACHINE COMPANY, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-24968 95-3795478
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
6601 Lyons Road, Bldg. A-7, Coconut Creek, Fl 33073
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(Address of principal executive offices and Zip Code)
Registrant's telephone number, including area code (954) 596-1000
Copies to:
Darrin M. Ocasio, Esq.
Sichenzia Ross Friedman Ference LLP
1065 Avenue of the Americas
New York, New York 10018
Phone: (212) 930-9700
Fax: (212) 930-9725
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))
SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS.
On December 1, 2004, Marc D. Goldberg was appointed to the board of
directors. Mr. Goldberg has over 20 years of experience in human resource
management and organization within Fortune 500 and emerging companies. He also
has experience in creating human resource programs that advance financial,
operational and market growth. From 1995 to the present, Mr. Goldberg has been
President and Human Resource Consultant for SuMa Partners, Ltd. located in
Florida. In this capacity, Mr. Goldberg formed a consultancy to capitalize on
the growing demand for proactive human resource leadership involving operational
assessments, strategic planning and creation and implementation of policies,
processes and programs. In addition, he has successfully implemented human
resource, labor relations and union avoidance strategies for SuMa Partners, Ltd.
Mr. Goldberg was awarded both J.D. and B.A. degrees from Boston University.
On December 1, 2004, Stewart A. Merkin was appointed to the board of
directors. Mr. Merkin, founding partner of the Law Office of Stewart A. Merkin,
has been practicing law in Miami, Florida since 1974. His core legal practice
areas include corporate and securities law, as well as mergers and acquisitions
and international transactions. He was awarded both J.D. and M.B.A. degrees from
Cornell University, as well as a B.S. from The Wharton School, University of
Pennsylvania. He has been admitted to the Florida and New York State Bar since
1972 and 1973 respectively.
Appointment to Committees of the Board of Directors
Mr. Goldberg was appointed as Chairman of the Compensation Committee and
Mr. Merkin was appointed to the Audit Committee of the board of directors. Mr.
Goldberg and Mr. Merkin may be appointed to additional committees of the board
of directors in the future at the option of the board.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(A) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED.
Not applicable.
(B) PRO FORMA FINANCIAL INFORMATION.
Not applicable.
(C) EXHIBITS.
Not applicable.
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.
THE SINGING MACHINE COMPANY, INC.
Date: December 6, 2004 /s/ Yi Ping Chan
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Yi Ping Chan
Interim CEO and Chief Operating Officer