XCEL BRANDS, INC. (NASDAQ:XELB) Files An 8-K Results of Operations and Financial Condition
Item2.02
|
Results of Operations and Financial Conditions. |
On March 15, 2017, Xcel Brands, Inc. (the Company) made an
investor presentation which included certain preliminary,
estimated unaudited financial results for the year ended December
31, 2016. The investor presentation includes certain nonU.S.
generally accepted accounting principles (GAAP) financial
measures, the reasons it provided such measures and a
reconciliation of the nonU.S. GAAP measures to U.S. GAAP
measures. Readers should consider nonGAAP measures in addition
to, and not as a substitute for, measures of financial
performance prepared in accordance with U.S. GAAP. A copy of the
Registrants investor presentation is being furnished hereto as
Exhibit 99.1 and is incorporated herein by reference.
| Item 7.01 | Regulation FD Disclosure. |
A copy of the investor presentation described above is furnished
herewith as Exhibit 99.1.
The information furnished to Item7.01, including Exhibit99.1,
shall not be deemed filed for purposes of Section18 of the
Securities Exchange Act of 1934 (the Exchange Act) or otherwise
subject to the liabilities under that Section, and shall not be
deemed to be incorporated by reference into any filing of the
Company under the Securities Act of 1933 or the Exchange Act.
The furnishing of the information under Item7.01 in this Current
Report on Form 8-K is not intended to, and does not, constitute a
determination or admission by the Company (i)that the furnishing
of the information in this Item7.01 is required by RegulationFD,
(ii)that the information under Item7.01 in this Current Report on
Form 8-K is material or complete, or (iii) that investors should
consider this information before making an investment decision
with respect to any security of the Company.
This Form 8-K contains forward-looking statements within the
meaning of the safe harbor provisions of the federal securities
laws. It should be read in conjunction with the Safe Harbor
statement contained in the presentation material and the risk
factors included in the Companys periodic reports filed with the
Securities and Exchange Commission that discuss important factors
that could cause the Companys results to differ materially from
those anticipated in such forward-looking statements.
| Item 9.01 | Financial Statement and Exhibits. |
| (d) | Exhibits. | |
| 99.1 | Xcel Brands, Inc. Investor Presentation |
About XCEL BRANDS, INC. (NASDAQ:XELB)
Xcel Brands, Inc. is a brand development and media company. The Company is engaged in the design, production, licensing, marketing, and direct to consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of consumer lifestyle brands. The Company’s brand portfolio consists of the Isaac Mizrahi, Judith Ripka, H Halston, C Wonder and Highline Collective brands. The Company also manages and designs the Liz Claiborne New York brand (LCNY Brand). Isaac Mizrahi has over 150 different product categories, including sportswear, footwear, handbags, watches, eyewear, fragrance, tech accessories, intimates, bridal gowns and accessories, pet products, home and other merchandise. The Company’s Judith Ripka is a luxury jewelry brand. Wonder brand offers women’s clothing, footwear, jewelry and accessories; housewares, and home decor and gifts. The Liz Claiborne New York includes women’s apparel, footwear, outerwear and accessories. XCEL BRANDS, INC. (NASDAQ:XELB) Recent Trading Information
XCEL BRANDS, INC. (NASDAQ:XELB) closed its last trading session down -0.05 at 3.70 with 10,742 shares trading hands.
