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 |
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(Date of Earliest Event Reported): |
Commission File Number: |
April 28, 2006 |
0-51715 |
SPORT-HALEY, INC.
(Exact name of Registrant as specified in its charter)
Colorado |
84-1111669 |
(State of incorporation) |
(I.R.S. Employer |
Identification Number) |
|
4600 E. 48th Avenue
Denver, Colorado 80216
303/320-8800
(Address of principal executive
offices and telephone number)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.02 Termination of a Material Definitive Agreement
On April 28, 2006, Sport-Haley, Inc. (the Company) provided notice to Caymus Partners, LLC (Caymus) of the Companys intent to terminate Caymus engagement as the Companys investment banking firm, which had been assisting the Company since December 2004 in exploring strategic alternatives to maximize shareholder value. Since the expiration of the original agreement with Caymus in July 2005, the parties had continued the engagement on a month to month basis. The termination of the engagement will be effective at the end of the months term, or May 14, 2006.
Item 8.01 Other Events
On April 28, 2006, Company issued a news release announcing the its Board of Directors has notified the investment banking firm of Caymus Partners LLC (Caymus) of the Boards intent to terminate the Companys agreement with Caymus, effective May 14, 2006. A copy of this press release is attached hereto as Exhibit 99.1 and the information contained therein is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. Description
99.1 News Release dated April 28, 2006.
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.
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SPORT-HALEY, INC. |
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Date: May 2, 2006 |
By: |
/s/ Patrick W. Hurley |
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Patrick W. Hurley, Chief Financial Officer |
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