Current Report Filing (8-k)
January 25 2019 - 5:22PM
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):
January 25, 2019
Millennium
Investment & Acquisition Co. Inc.
(Exact
name of registrant as specified in its charter)
Delaware
(State
or other jurisdiction of incorporation)
811-22156
(Commission
File Number)
20-4531310
(IRS
Employer Identification No.)
301
Winding Road
Old
Bethpage, NY 11804
(Address
of principal executive offices and Zip Code)
Registrant’s
telephone number, including area code:
(212) 750-0371
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):
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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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Item
8.01 Other Events.
SMC
Global Stock Sale
As
previously disclosed, Millennium Investment & Acquisition Company, Inc. (“MIAC”) has entered into a Right to Sell
Agreement (the “Right to Sell”) with the “promoter group” of SMC Global (“SMC”) pursuant to
which MIAC will have a right to sell 100,000 shares of SMC back to the “promoter group” on the first day of each month
commencing with April 1, 2016, and continuing until SMC completes a qualified public offering and listing on either a primary
stock exchange in India or the United States. The purchase price will be the Fair Market Value, as defined, of the stock at the
time of the transaction. There can be no assurance the “promoter group” will comply with their obligations related
to the Right to Sell Agreement. Pursuant to this Right to Sell, On January 24, 2019 MIAC completed the sale of 200,000 shares
of SMCG for net proceeds of approximately $287,600 which translates to approximately $1.44 per SMC share.
After
giving effect to the sales described herein, MIAC holds 11,304,690 shares of SMC Global (“SMC”).
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.
Date:
January 25, 2019
MILLENNIUM
INVESTMENT & ACQUISITION COMPANY, INC.
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By
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/s/
David H. Lesser
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David
H. Lesser
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Chairman,
CEO, Secretary & Treasurer
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