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December 26, 2012
16:43 EDTMSNEmerson Radio extends licensing agreement with Funai Corporation
On December 17, and effective as of December 1, Emerson Radio and Funai Corporation entered into an amendment to the license agreement dated effective January 1, 2001, as amended, between the company and Funai, under which the term of the license agreement was extended until March 31, 2015. The agreement provides that Funai will continue to manufacture, market, sell and distribute specified products bearing the Emerson trademark to customers in the U.S. and Canadian markets. Under the terms of the license agreement, Emerson receives non-refundable minimum annual royalty payments of $3.75M each calendar year and license fees on sales of products subject to the license agreement in excess of the minimum annual royalties.
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November 17, 2015
16:59 EDTMSNEmerson says key customer to discontinue sale of microwave, refrigeration units
In a regulatory filing, Emerson said it was informed in November by one of its "key" customers that, beginning in the spring of 2016, the customer will discontinue retailing the Emerson-branded microwave oven and compact refrigeration products currently sold by the company. Net sales of those products to the unnamed customer comprised 42.5% of the company's total net product sales in Q2, and 57.3% in FY15, according to Emerson. "The company currently anticipates that it will continue shipping these products to this customer only through the remainder of 3Q16. Emerson anticipates that net product sales for 2H16 will be negatively impacted by this event and that the first full year impact of this event will be realized by the company in FY17," said the company.

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