Luvu Brands, Inc 8-K, filed Apr 3, 2020
Luvu Brands, Inc. (LUVU)
About this 8-K
Luvu Brands, Inc filed this 8-K on April 3, 2020.
Items reported
- Item 2.02: Financial results
- Item 9.01: Financial statements and exhibits
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): April 3, 2020
Luvu Brands, Inc.
(Exact name of registrant as specified in Charter)
| Florida | 000-53314 | 59-3581576 | ||
|
(State or other jurisdiction of incorporation) |
(Commission File No.) | (IRS Employer Identification No.) |
2745 Bankers Industrial Drive
Atlanta, GA 30360
(Address of Principal Executive Offices)
(770) 246-6400
(Registrant’s telephone number, including area code)
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):
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 2.02 | Results of Operations and Financial Condition |
On April 3, 2020, Luvu Brands, Inc. (“Luvu” or “the Company”) issued a press release providing an update on medical products. A copy of the Company’s press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
The information included in this Item 2.02, as well as Exhibits 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| ExhibitNo. | Description | |
| 99.1 | Press release, dated April 3, 2020, providing an update on the production and sales of medical products. |
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.
|
Luvu Brands, Inc. (Registrant) | ||
| Date: April 3, 2020 | By: | /s/ Ronald P. Scott |
|
Ronald P. Scott Chief Financial Officer | ||
LUVU BRANDS PROVIDES UPDATE ON MEDICAL PRODUCTS
Receives order for 35,000 reusable isolation gowns from Atlanta-based hospital network
ATLANTA, GA / April 3, 2020 / Luvu Brands, Inc., (OTCQB:LUVU), a designer, manufacturer and marketer of a portfolio of consumer lifestyle brands, today announced that it received an order for 35,000 reusable isolation gowns from an Atlanta-based health system that has 2,800 doctors, 250 locations and 11 hospitals. The company also continues to receive orders for medical face masks with the largest order to-date being 5,000 masks for a seven-state hospital network.
Louis Friedman, the company’s founder and Chief Executive Officer said the Company is doing what it can to produce masks and now isolation gowns. “We continue to ramp up production of our face masks and, at this point, we are keeping pace with consumer orders and healthcare provider orders for medical face masks. This new order for medical gowns is exciting for us as it allows us to deploy our conveyor material handling sewing system and efficiently move the gowns from one operation to the next.”
Mr. Friedman commented “the safety of our employees is our highest priority now. No one is allowed in the facility without a temperature check and all work stations are being outfitted with isolation barriers. We are disinfecting all work surfaces during the day, and lunch and break periods have been added to increase the separation of employees in the dining areas.”
The consumer face masks are now offered for sale on Walmart.com and on our AvanaComfort.com website, and we continue to solicit orders from other private and governmental agencies.
About Luvu Brands
Luvu Brands, Inc. designs, manufactures and markets a portfolio of consumer lifestyle brands through the Company’s websites, online mass / drug merchants and specialty retail stores worldwide. Brands include: Liberator®, a brand category of iconic products for enhancing sensuality and intimacy; Avana®, medical products and inclined bed therapy products, assistive in relieving medical conditions associated with acid reflux, surgery recovery and chronic pain; and Jaxx®, a diverse range of casual fashion daybeds, sofas and beanbags made from virgin and re-purposed polyurethane foam. The Company is considered an essential business and is continuing to operate, despite the state-wide “stay at home” order. Headquartered in Atlanta, Georgia, the Company occupies a 140,000 square foot vertically-integrated manufacturing facility and employs over 150 people. The Company's brand sites include: www.liberator.com, www.jaxxliving.com, www.avanacomfort.com plus other global e-commerce sites. For more information about Luvu Brands, please visit www.luvubrands.com.
Company Contact:
Luvu Brands, Inc.
Ronald Scott
Chief Financial Officer
770-246-6426
ron@LuvuBrands.com