TILE SHOP HOLDINGS, INC. : Other Events (form 8-K)
February 02, 2021 at 04:18 pm
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Item 8.01 Other Events
On February 2, 2021, the Board of Directors (the "Board") of Tile Shop Holdings,
Inc. (the "Company") unanimously voted to form a special committee (the "Special
Committee") comprised of Mark J. Bonney, Linda Solheid and Deborah Glasser,
three of the Company's independent directors, to evaluate, and to make a
recommendation to the Board regarding, potential relisting of the Company's
common stock on The Nasdaq Stock Market LLC ("Nasdaq"). The Company's common
stock is currently quoted on the Pink tier of the OTC Markets under the symbol
"TTSH". There can be no assurance of any particular outcome from this evaluation
process, or of the form or timing of any such outcome. The Company cautions the
Company's stockholders and others considering trading the Company's securities
that even if the Board determines for the Company to apply for relisting, there
is no assurance that Nasdaq will approve the Company's listing application. The
Special Committee plans to proceed in a timely and orderly manner, but has not
set a definitive timetable for completion of the evaluation process. The Company
does not intend to make any further disclosures regarding this process unless
and until a specific course of action is approved by the Board.
Forward Looking Statements
This Current Report on Form 8-K includes "forward looking statements" within the
meaning of the "safe harbor" provisions of the United States Private Securities
Litigation Reform Act of 1995. Forward looking statements may be identified by
the use of words such as "anticipate", "believe", "expect", "estimate", "plan",
"outlook", and "project" and other similar expressions that predict or indicate
future events or trends or that are not statements of historical matters. These
forward looking statements include any statements regarding the Company's
strategic and operational plan, including evaluation of potential relisting, and
expected financial performance. Forward looking statements should not be read as
a guarantee of future performance or results, and will not necessarily be
accurate indications of the times at, or by, which such performance or results
will be achieved. Forward looking statements are based on information available
at the time such statements are made and/or management's good faith belief as of
that time with respect to future events, and are subject to risks and
uncertainties that could cause actual performance or results to differ
materially from those expressed in or suggested by the forward looking
statements, including but not limited to unforeseen events that may affect the
retail market or the performance of the Company's stores. Many of the Company's
risks have been, and may further be, exacerbated by the COVID-19 pandemic. The
Company does not intend, and undertakes no duty, to update this information to
reflect future events or circumstances. Investors are referred to the most
recent reports filed with the SEC by the Company.
Tile Shop Holdings, Inc. is a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. The Company offers an assortment of natural stone and man-made tile products. Its natural stone products include marble, travertine, granite, quartz, sandstone, slate, and onyx tiles. The Company's man-made products include ceramic, porcelain, glass, cement, wood look, metal and luxury vinyl tile. The Companyâs assortment of accessories, including mosaics, pencils, listellos, and other products. It also offers a range of setting and maintenance materials, such as thinset, grout, sealers, and accessories, including installation tools, shower and bath shelves, drains, and similar products. The Company also offers customers delivery service through third-party freight providers. The Company sells its products under brand names, including Superior Adhesives & Chemicals, Superior Tools & Supplies, Rush River, and Fired Earth.
TILE SHOP HOLDINGS, INC. 
