cashdividend.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): October
26, 2009
COLLECTORS
UNIVERSE,
INC.
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(Exact
name of registrant as specified in its
charter)
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Delaware
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1-34240
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33-0846191
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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1921 E. Alton Avenue, Santa Ana,
California
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92705
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (949)
567-1234
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N/A
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(Former
name or former address, if changed since last
report)
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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)
¨ 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))
Item
7.01 Regulation
FD Disclosure
On
October 26, 2009, Collectors Universe, Inc. issued a press release
announcing that its Board of Directors has approved a cash dividend policy that
calls for the payment of cash dividends of $0.25 per share per
quarter. The first of the quarterly cash dividends will be paid on
November 24, 2009 to stockholders of record on November 10, 2009. A
copy of that press release is attached as Exhibit 99.1 to, and by this reference
is incorporated into, this Current Report on Form 8-K.
As stated
in its press release, the declaration of cash dividends in the future, pursuant
to the Company’s dividend policy, is subject to determination each quarter by
the Board of Directors based on a number of factors, including the Company's
financial performance, its available cash resources and cash requirements and
alternative uses of cash that the Board may conclude would represent an
opportunity to generate a greater return on investment for the
Company. For these reasons, as well as others, there can be no
assurance that that the Board of Directors will not decide to reduce the amount,
or suspend or discontinue the payment, of cash dividends in the
future.
In
accordance with General Instruction B. 2 of Form 8-K, the information in
this Current Report, including Exhibit 99.1 hereto, is being furnished and
shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the liabilities of
that Section, nor shall such information be deemed incorporated by reference in
any filing under the Securities Act of 1933, as amended.
ITEM
9.01 Financial
Statements and Exhibits.
(d) Exhibits.
Exhibit No.
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Description
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99.1
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Press
release issued October 26, 2009, announcing adoption of dividend policy
providing for the payment of regular quarterly cash dividends of $0.25 per
common share per quarter.
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SIGNATURES
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: October
26,
2009 By: /s/ JOSEPH J.
WALLACE
Joseph J.
Wallace, Chief Financial Officer
EXHIBIT
INDEX
Exhibit
No.
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Description
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99.1
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Press
release issued October 26, 2009, announcing adoption of dividend policy
providing for the payment of regular quarterly cash dividends of $0.25 per
common share per quarter.
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EXHIBIT 99.1
Collectors
Universe Resumes Payment of Cash Dividends
Policy
Calls for Regular Quarterly Cash Dividends of $0.25 per Share
NEWPORT BEACH, CA – October 26, 2009
— Collectors Universe, Inc. (NASDAQ: CLCT), a leading provider of
value-added authentication and grading services to dealers and collectors of
high-value collectibles, today announced that its Board of Directors has
approved a cash dividend policy that calls for the payment of 0.25 per share,
per quarter. The first of the quarterly cash dividends of $0.25 per
share under the new dividend policy will be paid on November 24, 2009 to
Stockholders of Record as of November 10, 2009.
The
declaration of cash dividends in the future, pursuant to the Company’s dividend
policy, is subject to final determination each quarter by the Board of Directors
based on a number of factors, including the Company's financial performance and
its available cash resources, its cash requirements and alternative uses of cash
that the Board may conclude would represent an opportunity to generate a greater
return on investment for the Company. For these reasons, as well as
others, there can be no assurance that dividends in the future will be equal or
similar in amount to the amounts described in this press release or that the
Board of Directors will not decide to suspend or discontinue the payment of cash
dividends in the future.
About
Collectors Universe
Collectors
Universe, Inc. is a leading provider of value added services to the high-value
collectibles markets. The Company authenticates and grades collectible coins,
trading cards, autographs and stamps. The Company also compiles and publishes
authoritative information about United States and world coins, collectible
trading cards and sports memorabilia and collectible stamps and operates its CCE
dealer-to-dealer Internet bid-ask market for certified coins and its Expos trade
show and conventions business. This information is accessible to collectors and
dealers at the Company's web site, http://www.collectors.com, and is also
published in print.
Contact:
Joseph
Wallace
Chief
Financial Officer
Collectors
Universe
949-567-1245
Email:
jwallace@collectors.com
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