Form 8-K - Current report
January 22 2024 - 10:37AM
Edgar (US Regulatory)
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0001934245
0001934245
2024-01-22
2024-01-22
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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): January
22, 2024
SACKS
PARENTE GOLF, INC.
(Exact name of registrant as specified in its charter)
Delaware |
|
001-41701 |
|
82-4938288 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
551
Calle San Pablo
Camarillo, CA 93012
(Address
of principal executive offices, including ZIP code)
855-774-7888
(Registrant’s
telephone number, including area code)
Not
Applicable
(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 (See General Instruction A.2. below):
☐ |
Written communications pursuant to Rule 425 under the Securities Act of 1933 (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(e) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
stock, par value $0.01 per share |
|
SPGC |
|
The
Nasdaq Stock Market, LLC |
Item
8.01 Other Events
On
January 22, 2024, the Company issued a press release announcing the signing by Newton Shafts, a division of the Company, of PGA
TOUR Champions player Ken Drake as its first player to its roster A copy of the press release is filed as Exhibit 99.1 to this Current
Report and is incorporated by reference.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
SIGNATURES
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.
Date:
January 22, 2024 |
SACKS PARENTE GOLF, INC. |
|
|
|
|
By: |
/s/
Steve Handy |
|
|
Steve
Handy
|
|
|
Chief Financial Officer |
EXHIBIT
99.1
Newton
Shafts, a Division of Sacks Parente, Announces the Signing of PGA TOUR Champions Player Ken Duke as its First Player to its Roster
CAMARILLO,
CA, January 22, 2024 – Newton Golf Shafts, the newly established business division of Sacks Parente Golf, Inc.
(Nasdaq: SPGC) (“SPG” or the “Company”) specializing in advanced shafts using proprietary carbon fiber technology,
announces the signing of PGA TOUR Champions player Ken Duke as its first player to represent the Newton brand. Duke has chosen to use
the new Newton Motion Shaft in his driver during the upcoming 2024 season.
Following
his victory at last year’s Shaw Charity Classic on the PGA TOUR Champions, Duke made the switch to the Newton Motion shaft at the
TOUR’S Constellation FURYK & FRIENDS event in October. Notably, he ranked first in driving accuracy in that event, successfully
hitting 40 of 42 fairways, setting the stage for a series of impressive performances. Since incorporating the Newton Shaft into his bag,
Duke has finished first, third, tied for twelfth, and tied for first in driving distance accuracy in events on the PGA Tour Champions.
“What
I like about the Newton Shaft is that it is very consistent,” said Duke. “As a professional golfer, that’s what we
look for. It’s unbelievable how I can shape it. Not only that, but I’ve gained 6-15 yards with it and still get the height
that I want. I’m so excited about the shaft and how it can improve my game.”
The
Newton Motion driver shaft is a carbon fiber shaft designed to enhance a golfer’s performance by promoting straighter and longer
shots with reduced effort. Using the Company’s proprietary shaft design and construction, the Newton Motion shaft features four
essential technologies:
| ● | Elongated
Bend Profile - The shaft is designed to bend over a longer span of its length, improving
club head speed. The added flexibility of the carbon fiber gives the impression the golfer
doesn’t need to exert excessive force during the swing. |
| ● | Kinetic
Storage Construction – A proprietary construction empowers the fibers to store
more energy that is harnessed through the elongated bend, resulting in a significant boost
in exit velocity. |
| ● | Newton
Symmetry360 Design – ensures consistent flex, regardless of the driver’s
clocking position. |
| ● | Variable
Bend Profile – meticulously designed to match the bend and torque requirements
of each flex. Whether a slow or high swing speed, the Newton Motion technology tailors to
the torque. |
“We
are ecstatic that Ken put the shaft in his bag so quickly,” said Greg Campbell, Executive Chairman, Sacks Parente Golf, Inc. “It
underscores the performance of our proprietary technology aimed at helping players achieve longer and straighter drives.”
In
addition to his adoption of the Newton shaft, Duke will collaborate with the Newton brand, providing valuable player insights for product
design.
About
Sacks Parente Golf
Sacks
Parente Golf, Inc. serves as the parent entity of technology-forward golf companies that help golfers elevate their game. With a growing
portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, the Company’s innovative
accomplishments include: the First Vernier Acuity putter, patented Ultra-Low Balance Point (U.L.B.P.) putter technology, weight-forward
Center-of-Gravity (CG) design, and pioneering ultra-light carbon fiber putter shafts.
In
consideration of its growth opportunities in golf shaft technologies, the Company expanded its manufacturing business in April of 2022
to develop the advanced Newton brand of premium golf shafts by opening a new shaft manufacturing facility in St. Joseph, MO. It is the
Company’s intent to manufacture and assemble substantially all products in the United States, while also expanding into golf apparel
and other golf-related product lines to enhance its growth.
The
Company’s future expansions may include broadening its offerings through mergers, acquisitions or internal developments of product
lines that are complementary to its premium brand. The Company currently sells its products through resellers, the Company’s websites,
Club Champion retail stores, and distributors in the United States, Japan, and South Korea. For more information, please visit the Company’s
website at https://sacksparente.com/.
Media
Contact for SPG:
Beth
Gast
BG
Public Relations
beth.gast@bgpublicrelations.com
Investor
Contact:
CORE
IR
516-222-2560
investors@sacksparente.com
v3.23.4
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Jan. 22, 2024 |
Cover [Abstract] |
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Document Type |
8-K
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Document Period End Date |
Jan. 22, 2024
|
Entity File Number |
001-41701
|
Entity Registrant Name |
SACKS
PARENTE GOLF, INC.
|
Entity Central Index Key |
0001934245
|
Entity Tax Identification Number |
82-4938288
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
551
Calle San Pablo
|
Entity Address, City or Town |
Camarillo
|
Entity Address, State or Province |
CA
|
Entity Address, Postal Zip Code |
93012
|
City Area Code |
855
|
Local Phone Number |
774-7888
|
Written Communications |
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Title of 12(b) Security |
Common
stock, par value $0.01 per share
|
Trading Symbol |
SPGC
|
Security Exchange Name |
NASDAQ
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