TRANS WORLD ENTERTAINMENT CORPORATION (NASDAQ:TWMC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On March 3, 2017, Trans World Entertainment Corporation (the
Company) issued a press release in regards to the passing of
Robert J. Higgins, the Companys founder and Chairman of the Board
of Directors who passed away on March 1, 2017.
As previously filed, effective July 12, 2016, Mr. Higgins
transferred 14,279,715 shares of Common Stock to the Robert J.
Higgins TWMC Trust (the Trust) as a gift for no consideration.
The beneficiaries of the Trust are Mr. Higgins wife and children.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits. The following exhibits are furnished herewith:
| Exhibit No. | Description | |||
| 99.1 |
Press Release of Trans World Entertainment Corporation dated March 3, 2017. |
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About TRANS WORLD ENTERTAINMENT CORPORATION (NASDAQ:TWMC)
Trans World Entertainment Corporation is a specialty retailer of entertainment products, including trend, video, music, electronics and related products. The Company operates a chain of retail entertainment stores and e-commerce sites, www.fye.com and www.secondspin.com. It owns interest in Record Town, Inc., through which its principal operations are conducted. It operates over 270 mall-based stores under the For Your Entertainment (f.y.e.) brand, including f.y.e. stores and video only stores. The Company operates over 260 mall-based f.y.e. stores, which carry entertainment products, including video, music, trend, electronics, video games and related products. It operates over nine video-only stores under the Suncoast Motion Pictures brand, which specialize in the sale of video and related product. It operates approximately 30 freestanding stores under the f.y.e. brand, which carries entertainment products, including video, music, trend, electronics, video games and related products. TRANS WORLD ENTERTAINMENT CORPORATION (NASDAQ:TWMC) Recent Trading Information
TRANS WORLD ENTERTAINMENT CORPORATION (NASDAQ:TWMC) closed its last trading session up +0.01 at 2.75 with 3,116 shares trading hands.
