SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 30, 2020
COLLECTORS UNIVERSE, INC.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
|1610 East Saint Andrew Place, Santa Ana, California||92705|
|(Address of principal executive offices)||(Zip Code)|
Registrant’s telephone number, including area code: (949) 567-1234
(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:
|[ ]||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|[ ]||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|[ ]||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|[ ]||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
Securities Registered under Section 12(b) of the Act:
|Title of each class||Trading Symbol(s)||Name of each exchange on which registered|
|Common Stock $0.001 Par Value||CLCT||Nasdaq Global Market|
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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 8.01 Other Events.
On April 15, 2020, Collectors Universe, Inc. (the “Company”) obtained an unsecured $4.2 million loan (the “PPP Loan”) under the Small Business Administration (“SBA”) Paycheck Protection Program (the “PPP”). On April 23, 2020 the SBA, which is the administrator of the PPP, published guidance to the effect that large public companies with access to the capital markets or credit markets would be presumed to be ineligible for PPP loans. Although such guidance did not exist at the time the Company applied for the PPP Loan, like many other public companies that had obtained PPP loans prior to the issuance of that SBA guidance, we repaid the entire PPP Loan on April 30, 2020.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
|COLLECTORS UNIVERSE, INC.|
|Dated: May 1, 2020||By:||/s/ JOSEPH J. WALLACE|
Joseph J. Wallace, Senior Vice President and
Chief Financial Officer