Scott Liquid Gold : Termination of a Material Definitive Agreement - Form 8-K

slgd-8k_20220712.htm

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): July 12, 2022

SCOTT'S LIQUID GOLD-INC.

(Exact name of Registrant as specified in its charter)

Colorado	001-13458	84-0920811
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

8400 E. Crescent Parkway, Suite 450, Greenwood Village, CO		80111
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code: [phone]

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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Securities registered pursuant to Section 12(b) of the Exchange Act.

Title of each class		Trading Symbol		Name of exchange on which registered
None		None		None

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Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.02 Termination of a Material Definitive Agreement.

On July 12, 2022 Neoteric Cosmetics, Inc., a wholly-owned subsidiary of Scott's Liquid Gold-Inc., (the "Company") issued a notice to HK NFS Limited, a Hong Kong limited company ("HK NFS"), of its termination of the distribution agreement with HK NFS initially entered into on January 1, 2018 (the "Distribution Agreement"). We plan to continue to sell products to consumers in the People's Republic of China and do not anticipate a material impact on our level of sales.

The foregoing description of the Distribution Agreement is a summary only and qualified in its entirety by reference to the full text of the Distribution Agreement, a conformed copy of which is incorporated by reference to Exhibit 10.16 of the Company's Annual Report on Form 10-K, filed on March 31, 2022.

SIGNATURE

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.

			SCOTT'S LIQUID GOLD-INC.
Date:	July 18, 2022	By:	By: /s/ David Arndt
			David Arndt
			Chief Financial Officer