Item 8.01 Other Events
Blonder Tongue Laboratories, Inc. (the “Company”) is
filing this Current Report on Form 8-K to report that it will be relying on the Securities and Exchange Commission’s Order
Under Section 36 of the Securities Exchange Act of 1934 Modifying Exemptions From the Reporting and Proxy Delivery Requirements
For Public Companies dated March 25, 2020 (Release No. 34-88465) (the “Order”) to delay the filing of its Annual Report
on Form 10-K for the year ended December 31, 2019 (the “Annual Report”) due to circumstances related to COVID-19. The
Order supersedes a similar order issued by the Securities and Exchange Commission’s on March 4, 2020.
The COVID-19 pandemic and related events have resulted in the Company’s
management devoting significant time and attention to assessing the potential impact of COVID-19 and those events on the Company’s
operations and financial position and developing operational and financial plans to address those matters, which has diverted management
resources from completing all of the tasks necessary to file the Annual Report by its March 30, 2020 due date.
Accordingly, in reliance upon the Order, the Company is delaying
the filing of its Annual Report. The Company expects to file its Annual Report no later than 45 days after March 30, 2020.
On March 26, 2020, the Company also issued a press release announcing
the postponement of its previously announced release of its fourth quarter and fiscal year 2019 earnings results, originally scheduled
for Friday, March 27, 2020 prior to market opening and the related teleconference, originally scheduled for Friday, March 27, 2020
at 11:00 a.m. Eastern Time.
A copy of the press release is attached to this Current Report on
Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
The Company is supplementing its risk factors previously disclosed
in its Annual Report on Form 10-K for the year ended December 31, 2018 and its subsequent Quarterly Reports on Form 10-Q with the
following risk factor:
Our financial condition and results
of operations could be adversely affected by health events such as the recent Coronavirus or COVID-19 outbreak.
Our business
could be materially and adversely affected by epidemics and pandemic outbreaks, including outbreaks of the Coronavirus or COVID-19.
The recent outbreak in China of COVID-19, which has been declared by the World Health Organization to be a “pandemic,”
has spread to many countries, including the United States, and is impacting domestic and worldwide economic activity. A public
health epidemic or pandemic, including COVID-19, poses the risk that the Company or its employees, customers, suppliers and other
business partners may be prevented from conducting business activities for an indefinite period of time, including due to shutdowns
that may be requested or mandated by governmental authorities. There are developments regarding the COVID-19 outbreak on
a daily basis that may impact our customers, employees and business partners. As a result, it is not possible at this time
to estimate the impact COVID-19 could have on the Company's business. However, the continued spread of COVID-19 and actions
taken by our customers, suppliers and business partners, actions we take to protect the health and welfare of our employees, and
measures taken by governmental authorities in response to COVID-19 could disrupt our manufacturing activities, the shipment of
our products, the supply chain and purchasing decisions of our customers. The Company has begun to experience what is currently
expected to be a near-term reduction in sales as a result of the decreased business activities of our customers related to the
COVID-19 outbreak, and it is unclear when or whether our customers will resume their activities at a level where our sales to them
will return to historical levels. In addition, government officials in our region have imposed measures and are considering
additional measures that restrict both “non-essential” and possibly some “essential” business activities,
and if such restrictions continue in place or are expanded, it is possible that we would not be able to continue all or a portion
of our manufacturing, shipping and billing operations. Similar restrictions affecting the places where our customers do business
would likely further reduce their business activities. These and other developments may have a material adverse impact on our business.
“Safe Harbor” Statement under
the Private Securities Litigation Reform Act of 1995
The information set forth above includes “forward-looking”
statements and accordingly, the cautionary statements contained in Blonder Tongue’s Annual Report and Form 10-K for the year
ended December 31, 2018 (See Item 1: Business, Item 1A: Risk Factors, Item 3: Legal Proceedings and Item 7: Management’s
Discussion and Analysis of Financial Condition and Results of Operations), and other filings with the Securities and Exchange Commission
are incorporated herein by reference. The words “believe”, “expect”, “anticipate”, “project”,
“target”, “intend”, “plan”, “seek”, “estimate”, “endeavor”,
“should”, “could”, “may” and similar expressions are intended to identify forward-looking statements.
In addition, any statements that refer to projections for our future financial performance, our anticipated growth trends in our
business and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned not
to place undue reliance on these forward-looking statements, which reflect management’s analysis only as of the date hereof.
Blonder Tongue undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances
that arise after the date hereof. Blonder Tongue’s actual results may differ from the anticipated results or other expectations
expressed in Blonder Tongue’s “forward-looking” statements.