Current Report Filing (8-k)
August 06 2013 - 2:01PM
Edgar (US Regulatory)
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):
July 31, 2013
Southern States Sign Company
(Exact name of small business issuer as
specified in its charter)
Nevada |
333-171842 |
26-3014345 |
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(IRS Employer Identification No.) |
Viale Bruno Buozzi 83, Rome, Italy
(Address of principal executive offices) |
39.06.80692582 |
(Issuer’s telephone number) |
__________________________________ |
(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 (17CFR 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)) |
SECTION 1 – Registrant’s
Business and Operations
ITEM 1.02. Termination of a Material
Definitive Agreement.
On
July 31, 2013, Galzignano Terme Golf and Resort S.p.A. (“Galzignano”), a wholly-owned subsidiary of Southern States
Sign Company, terminated its agreement with Salute e Benessere Alain Messegue Srl (the “Manager”) in connection with
the management of Hotel Splendid, a property located within the Galzignano resort (the “Property” and such agreement,
the “Agreement”).
The
Agreement, originally dated as of June 28, 2012, provided that the Manager shall manage the Property for an initial term of nine
years. Galzignano terminated the Agreement due the Manager’s inability to generate a minimum of € 2.5 million in revenues
from the management of the Property for the period from June 28, 2013 to December 31, 2013, in accordance with the terms of the
Agreement. The Property will remain closed indefinitely while Galzignano searches for a new manager for the Property. The Manager
paid a fee of € 164,000 to Galzignano in connection with the early termination of the Agreement.
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 thereunto duly authorized.
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Southern States Sign Company |
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Dated: August 6, 2013 |
By: /s/ Sergio Schisani |
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Sergio Schisani |
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Chief Executive Officer |
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