Current Report Filing (8-k)
March 31 2020 - 4:16PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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) March 31, 2020
CROSSROADS
LIQUIDATING TRUST
(Exact
name of registrant as specified in its chapter)
Maryland
|
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000-53504
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82-6403908
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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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128
N. 13th Street, #1100
Lincoln,
Nebraska 68508
(Address
of principal executive offices and zip code)
|
Registrant’s
telephone number, including area code (402) 261-5345
Check
the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ Written
communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Solicitation
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))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
|
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Trading
Symbol
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Name
of each exchange on which registered
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None
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None
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None
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Indicate
by check mark whether the registrant is an emerging growth company 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. ☐
Crossroads
Liquidating Trust (the “Liquidating Trust”) is filing this current report on Form 8-K in light of the impact of the
coronavirus disease 2019 (“COVID-19”) pandemic on the Liquidating Trust. The Liquidating Trust’s trustees have
determined to delay the filing of its annual report on Form 10-K for the year ended December 31, 2019 (the “Annual
Report”) by up to 45 days as permitted by the U.S. Securities and Exchange Commission March 25, 2020 Order (Release No.
34-88465) (the “Order”), which allows for the delay of certain filings required under the Securities and Exchange
Act of 1934, as amended.
Due
to the impact on the Liquidating Trust of COVID-19 including travel restrictions, social distancing, quarantine orders and guidelines
issued by various governmental authorities, the Liquidating Trust is unable to timely finalize the Annual Report. The Liquidating
Trust currently expects to file its Annual Report by no later than May 14, 2020.
In
light of the COVID-19 pandemic, the Liquidating Trust will be including the following Risk Factor in its Annual Report:
An
occurrence of an uncontrollable event such as the COVID-19 pandemic may negatively affect our operations.
The
occurrence of an uncontrollable event, such as the COVID-19 pandemic, could have a material adverse effect on the marketability
and sales price of the Trust assets. An uncontrollable event may also limit the ability of our operations team to gather, meet,
and conduct business for the Trust. Likewise, it may substantially hamper our efforts to provide the Trust’s beneficiaries
with timely information and to comply with our filing obligations with the U.S. Securities and Exchange Commission.
SIGNATURE
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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CROSSROADS LIQUIDATING TRUST
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Date: March 31, 2020
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By:
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/s/ Ben
H. Harris
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Ben H. Harris
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Administrator
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Crossroads Capital, Inc. (NASDAQ:XRDC)
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