SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of The
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): May 7, 2012
THE SINGING MACHINE COMPANY, INC.
(Exact name of registrant as specified in
|(State or other jurisdiction
||(Commission File Number)
6301 NW 5th Way, Suite 2900,
Fort Lauderdale FL 33309
(Address of principal executive offices
and Zip Code)
Registrant's telephone number, including
area code (954) 596-1000
6301 NW 5th Way, Suite 2900
Fort Lauderdale, FL 33309
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
¨ Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
¨ Soliciting 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))
Item 5.02 Departure of Principal Officer,
Appointment of Principal Officer
Effective immediately, the Board of Directors
has approved the appointment of Gary Atkinson from Interim Chief Executive Officer to the position of Chief Executive Officer.
The Board of Directors has also approved the appointment of Lionel Marquis from Principal Accounting Officer to Chief Financial
Officer effectively immediately. Ms. Carol Lau will resign from the position of Chief Financial Officer but will remain as Chairwoman
of the Board.
For Mr. Atkinson and Mr. Marquis, there
are no understandings or arrangements with the Company or other persons pursuant to which Mr. Atkinson and Mr. Marquis were appointed
as Chief Executive Officer and Chief Financial Officer, respectively. Mr. Atkinson and Mr. Marquis have not entered into a transaction,
nor are there any proposed transactions between Mr. Atkinson, Mr. Marquis and the Company at any time since the beginning of the
Company’s last fiscal year.
Mr. Atkinson has been with the Company
since 2008, serving as General Counsel and Secretary. In December 2009, he was appointed as Interim Chief Executive Officer and
has been overseeing all areas of the Company since then. Mr. Atkinson is a member of the Florida and Georgia Bar. He graduated
from the University of Rochester with a Bachelors Degree in Economics and was awarded a dual-degree J.D./M.B.A. from Case Western
Reserve University School of Law and Weatherhead School of Management.
Mr. Marquis joined the Company in June 2008 as Controller and
Principal Accounting Officer, where he has been responsible for overseeing the accounting department and preparing all quarterly
and annual financial statements. For the past 16 years Mr. Marquis has served as Controller and or Chief Financial Officer for
several manufacturing and distribution companies in the South Florida area. Some of these companies include Computer Products,
Inc (Artesyn Technologies Inc), U S Plastic Lumber Corporation, Casi-Rusco, (division of Interlogix Inc.), DHF Industries, Inc
and Ingear Fashions, Inc. Mr. Marquis graduated from Bryant College with a Bachelors Degree in Business Administration with a major
in accounting. Mr. Marquis is a Certified Public Accountant in the state of Florida.
Item 9.01 Financial Statements and Exhibits.
||Press Release, dated May 9, 2012.|
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.
SINGING MACHINE, COMPANY, INC.|
May 9, 2012
||/s/ Gary Atkinson|