Source-grounded facts extracted from Algorhythm Holdings, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Henry C. W. Nisser was appointed as Director at Algorhythm Holdings, Inc..
“Effective April 5, 2023, the Board of Directors (the “Board”) of The Singing Machine Company, Inc. (the “Company”) increased the number of members of the Board to ten and appointed Messrs. Milton C. Ault, III and Henry C. W. Nisser as directors, effective immediately.”
Milton C. Ault, III was appointed as Executive Chairman at Algorhythm Holdings, Inc..
“In addition, the Board appointed Mr. Ault to the position of Executive Chairman, an executive officer position of the Company.”
Algorhythm Holdings, Inc. entered into Sales Agreement with Aegis Capital Corp valued at up to $1,753,430 (effective 2023-02-15).
“On February 15, 2023, The Singing Machine Company, Inc. (the "Company"), entered into an At-The-Market Issuance Sales Agreement (the "Sales Agreement") with Aegis Capital Corp, as sales agent (the "Agent"), pursuant to which the Company may offer and sell, from time to time, through the Agent (the "Offering"), up to $1,753,430 in shares of its common stock.”
Algorhythm Holdings, Inc. reported the three months ended September 30, 2022 results: revenue $17.1 million, EPS $0.08.
“Second Quarter Highlights: ● Net sales for the quarter of $17.1 million; fiscal year-to-date revenue of $28.8 million (an increase of 23% over the same period in the prior year). ● Gross profit increased by approximately $0.6 million to $3.9 million (representing a 23% gross margin) compared to $3.3 million (or 19% gross margin) in the prior year (an overall increase of 4% compared to the prior year same period). The improvement was in part due to lower inbound logistics and transportation expenses. ● Income from Operations of approximately $0.6 million for the quarter; the Company continues to demonstrate ability to produce profitable quarters. ● Strengthened balance sheet with a successful $15 million senior secured line of credit refinancing with Fifth Third Bank on October 14, 2022. ● Fully diluted EPS of $0.08 for the quarter and $0.11 for the year-to-date period.”
Kenneth Cragun was appointed as Director at Algorhythm Holdings, Inc..
“Effective July 27, 2022, the Board of Directors (the “Board”) of The Singing Machine Company, Inc. (the “Company”) increased the number of directors to eight and appointed Messrs. Bernardo Melo, James Turner and Kenneth Cragun as directors, effective immediately.”
James Turner was appointed as Director at Algorhythm Holdings, Inc..
“Effective July 27, 2022, the Board of Directors (the “Board”) of The Singing Machine Company, Inc. (the “Company”) increased the number of directors to eight and appointed Messrs. Bernardo Melo, James Turner and Kenneth Cragun as directors, effective immediately.”
Bernardo Melo was appointed as Director at Algorhythm Holdings, Inc..
“Effective July 27, 2022, the Board of Directors (the “Board”) of The Singing Machine Company, Inc. (the “Company”) increased the number of directors to eight and appointed Messrs. Bernardo Melo, James Turner and Kenneth Cragun as directors, effective immediately.”
Jay B. Foreman was appointed as Director at Algorhythm Holdings, Inc..
“Effective May 23, 2022, Jay B. Foreman was appointed to serve as a Director of the Company.”
Bernardo Melo was appointed as Chief Revenue Officer at Algorhythm Holdings, Inc..
“In addition, on April 22, 2022, Mr. Melo was appointed as Chief Revenue Officer.”
Mathieu Peloquin was appointed as Director at Algorhythm Holdings, Inc..
“Effective December 1, 2021, the Board of Directors has approved the appointment of Mr. Mathieu Peloquin to the Board of Directors.”
Gary Atkinson was appointed as Director at Algorhythm Holdings, Inc..
“Effective August 11, 2021, following the opening of newly created vacancies on the Board, the Company announced the appointment of Mr. Gary Atkinson, current Chief Executive Officer of the Company, to the Board until the next annual meeting, or until his successor is elected and qualified, or until his resignation or removal.”
Yat Tung Lau resigned as Director at Algorhythm Holdings, Inc..
“Phillip Lau, Peter Hon, and Yat Tung Lau (each a “Director” and together, the “Directors”) resigned from the Board of Directors of the Company.”
Peter Hon resigned as Director at Algorhythm Holdings, Inc..
“Phillip Lau, Peter Hon, and Yat Tung Lau (each a “Director” and together, the “Directors”) resigned from the Board of Directors of the Company.”
Phillip Lau resigned as Director at Algorhythm Holdings, Inc..
“Phillip Lau, Peter Hon, and Yat Tung Lau (each a “Director” and together, the “Directors”) resigned from the Board of Directors of the Company.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.