Current Report Filing (8-k)
May 12 2020 - 4:06PM
Edgar (US Regulatory)
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): May 6, 2020
TUESDAY MORNING CORPORATION
(Exact name of registrant as specified in
charter)
Delaware
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0-19658
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75-2398532
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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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6250 LBJ Freeway
Dallas, Texas
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75240
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(Address of principal executive offices)
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(Zip Code)
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(972) 387-3562
(Registrant’s telephone number, including area code)
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 of 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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Securities registered pursuant to Section 12(b) of the
Act:
Title of each class
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Trading
Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $0.01 per share
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TUES
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The NASDAQ Stock Market LLC
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Indicate by check mark whether the registrant is an emerging
growth company as defined in 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. ¨
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Item 5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
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As previously disclosed, pursuant to the
terms of an Amended and Restated Cooperation Agreement, dated as of July 24, 2019 (the “Cooperation Agreement”), among
the Company, Jeereddi II, LP, Purple Mountain Capital Partners LLC and certain of their affiliates (“Jeereddi/PMCP Group”),
the Company agreed to nominate James T. Corcoran for election as a director at the 2019 Annual Meeting of Stockholders of the Company.
Under the terms of the Cooperation Agreement, Mr. Corcoran agreed to offer his resignation to the Board of Directors if at any
time the Jeereddi/PMCP Group no longer beneficially owned at least 533,334 shares of the Company’s stock (the “Minimum
Ownership Threshold”).
On May 6, 2020, the Company was notified
that Jeereddi II, LP had reduced its ownership of the Company’s common stock such that the ownership of the Jeereddi/PMCP
Group was below the Minimum Ownership Threshold. In accordance with the terms of the Cooperation Agreement, on May 6, 2020, Mr.
Corcoran offered to resign from his position as a director of the Company. Mr. Corcoran informed the Company that his beneficial
ownership of shares of the Company’s common stock has not changed from that reported in his most recent filing with the Securities
and Exchange Commission on November 22, 2019. On May 8, 2020, the Board of Directors decided not to accept Mr. Corcoran’s
offer to resign, and Mr. Corcoran continues to serve as a director of the Company.
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.
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TUESDAY MORNING CORPORATION
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Date: May 12, 2020
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By:
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/s/ Bridgett C. Zeterberg
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Bridgett C. Zeterberg
Executive Vice President Human Resources, General Counsel and Corporate Secretary
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