8-K
Newton Golf Company, Inc. (NWTG)
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): September 14, 2023
SACKS
PARENTE GOLF, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-41701 | 82-4938288 |
|---|---|---|
| (State or other jurisdiction<br><br> <br>of incorporation) | (Commission<br><br> <br>File Number) | (IRS Employer<br><br> <br>Identification No.) |
551Calle San Pablo
Camarillo,CA 93012
(Address of principal executive offices, including ZIP code)
833-776-6659
(Registrant’s telephone number, including area code)
NotApplicable
(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 (See General Instruction A.2. below):
| ☐ | Written<br> communications pursuant to Rule 425 under the Securities Act of 1933 (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 13e-4(e) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common<br> stock, par value $0.01 per share | SPGC | The<br> Nasdaq Stock Market, LLC |
| Item 8.01 | Other Events. |
|---|
On August 14, 2023, the Company issued a press release with respect to the introduction of the Series 91 Putter. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
|---|---|
| (d) | Exhibits |
| --- | --- |
| Exhibit No. | Description |
| --- | --- |
| 99.1 | Press<br> Release of Sacks Parente Golf, Inc., dated September 14, 2023 |
| 104 | Cover<br> Page Interactive Data File (embedded within the Inline XBRL document) |
| - 2 - |
| --- |
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:<br> September 15, 2023 | SACKS PARENTE GOLF, INC. | |
|---|---|---|
| By: | /s/ TIMOTHY L. TRIPLETT | |
| Timothy<br> L. Triplett<br><br> <br>Chief<br> Executive Officer |
| - 3 - |
| --- |
Exhibit99.1
SacksParente Golf Unveils the Innovative Series 91 “The Duke” - a Classic-Style Masterpiece
Thenew Series 91 “The Duke” Putter features a clean, classic style with a minimalist look
CAMARILLO,CA, September 14, 2023 – Sacks Parente Golf, Inc. (Nasdaq: SPGC) (“SPG” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, expands its repertoire of golf products with the introduction of the Series 91 “The Duke” putter that is now on sale at sacksparente.com.
A fusion of aesthetics and pioneering engineering, the Series 91 “The Duke” putter takes its inspiration from PGA TOUR Champions player Ken Duke. Known for his affinity towards a shorter blade length with a half mallet back, Duke asked SPG engineers to incorporate its technologies into this look. Duke, who recently won the Shaw Charity Classic, enthusiastically embraced SPG’s initial design. The resulting Series 91 “The Duke” putter integrates SPG’s proprietary technological advancements, marrying classic design with minimalist sophistication.
“Knowing how much Ken loves the shape of this smallish half mallet design SPG putter, we wanted to give it as much technology as we could, not only for Ken, but for all golfers at all skill levels,” said Steve Sacks, SPG’s Co-founder. “We managed to create a putter that provides a soft feel at impact with a high-quality milled 303 stainless steel – and so much more.”
The Series 91 “The Duke” putter includes SPG’s three key performance technologies found in most SPG putters:
| ● | Patented Ultra-Low Balance Point (U.L.B.P.) – At the heart of SPG’s legacy is its patented U.L.B.P. technology, which means<br> that weight is redistributed from the shaft and grip into the head. This technology enables a distinct feel, creating a smooth putting<br> stroke that naturally squares at impact without a need to manipulate the head. |
|---|---|
| ● | Weight-Forward Center of Gravity (CG) – As in all SPG putters, the Series 91 has maximized face-forward CG to ensure consistent rolls<br> and minimized skidding, guaranteeing enhanced accuracy on the green. |
| ● | High Moment of Inertia (MOI) – With an MOI of almost 5,000, almost unheard of in this putter size and shape, the chance of energy<br> loss and off-center hits are few and far between. |
SPG’s new Series 91 “The Duke” putter is fitted with 50 grams of tungsten distributed in both the toe and heel and towards the front of the head, resulting in 77% of the head weight in the heel and toe.
Most of the Sacks Parente putters contain the patented U.L.B.P. technology, face-forward CG, and ultra-high MOI. Test results from Golf Labs prove that these putters help golfers make more putts because of improved swing path, improved tempo, more distance control, better head release/closure, and more putter head feel.
AboutSacks Parente Golf
Sacks Parente Golf, Inc. is a technology-forward golf company, with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories. The Company’s innovative accomplishments include: the First Vernier Acuity putter, patented Ultra-Low Balance Point (U.L.B.P.) putter technology, weight-forward Center-of-Gravity (CG) design, and pioneering ultra-light carbon fiber putter shafts. In consideration of its growth opportunities in shaft technologies, in April of 2022, the Company expanded its manufacturing business to include advanced premium golf shafts by opening a new shaft manufacturing facility in St. Joseph, MO. It is the Company’s intent to manufacture and assemble substantially all products in the United States, while also expanding into golf apparel and other golf-related product lines to enhance its growth. The Company’s future expansions may include broadening its offerings through mergers, acquisitions or internal developments of product lines that are complementary to its premium brand. The Company currently sells its products through resellers, the Company’s websites, and distributors in the United States, Japan, and South Korea. For more information, please visit the Company’s website at https://sacksparente.com/.
MediaContact:
Beth Gast
BG Public Relations
beth.gast@bgpublicrelations.com