Current Report Filing (8-k)
January 06 2017 - 4:03PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 6, 2017
EMPIRE RESORTS, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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001-12522
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13-3714474
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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c/o Monticello Casino and Raceway,
204 State Route 17B,
P.O.
Box 5013, Monticello, NY
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12701
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code: (845) 807-0001
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 to the registrant under any of the following provisions:
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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))
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On January 4, 2017, Empire Resorts, Inc. (the Company)
entered into an agreement (the Settlement Agreement) to issue 33,333 shares (the Settlement Shares) of its common stock to an individual (Claimant) as part of the settlement of a claim asserted in connection with
Claimants alleged provision of services to the Company. Pursuant to the Settlement Agreement, subject to the satisfaction of certain conditions by each party, the Company is required to issue to Claimant the Settlement Shares on or before
January 9, 2017. The Settlement Agreement provides for a mutual full release of all potential claims upon the Companys delivery of such Settlement Shares to Claimant.
The offer and sale of the Settlement Shares (such transactions, collectively, the Offering) was effected as a takedown off the
Companys shelf registration statement on Form S-3 (File No. 333-214119), which became effective on November 17, 2016, pursuant to a base prospectus dated as of November 17, 2016 contained in such registration statement and a
prospectus supplement filed with the Securities and Exchange Commission on January 6, 2017. The Company will not receive any proceeds from the Offering.
A copy of the opinion of Ellenoff Grossman & Schole LLP relating to the legality of the shares offered by the Company is attached as
Exhibit 5.1 hereto.
This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy
securities, nor shall there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Item 9.01
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Financial Statements and Exhibits
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Exhibit No.
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Description
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5.1
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Opinion of Ellenoff Grossman & Schole LLP
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23.1
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Consent of Ellenoff Grossman & Schole LLP (included in Exhibit 5.1)
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2
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.
Dated: January 6, 2017
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EMPIRE RESORTS, INC.
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By:
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/s/ Joseph A. DAmato
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Name:
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Joseph A. DAmato
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Title:
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Chief Executive Officer
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Exhibit Index
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Exhibit No.
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Description
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5.1
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Opinion of Ellenoff Grossman & Schole LLP
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23.1
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Consent of Ellenoff Grossman & Schole LLP (included in Exhibit 5.1)
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