UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
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Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 15, 2008
TRANS-LUX CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-2257 13-1394750
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
26 Pearl Street, Norwalk, CT 06850
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (203) 853-4321
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(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))
Item 8.01 Other Events
The Company received a letter from Gamco Investors, Inc. ("Gamco") filed as
an Exhibit to a 13D Amendment inquiring on the process undertaken and valuations
considered in the decision to sell the Entertainment Division Assets as
discussed in Form 8-K filed by the Company on July 11, 2008.
The Company advised Gamco that as disclosed in the Form 8-K Press Release
Exhibit, the Company retained Jesup & Lamont Securities Corporation as its
financial advisor to seek out potential buyers and that the price negotiated
with Marwit Capital, an equity investor, was the best one obtainable.
The Company also advised Gamco that not all assets of the Entertainment
Division were being sold, with the office building at 418 Montezuma Avenue,
Santa Fe, New Mexico, being retained. The Company also advised Gamco that two
executive officers of the Company, Matthew Brandt and Thomas Brandt, will be
employed full time by the Buyer and resign as employees and officers of the
Company.
The Company further advised Gamco that it has received an opinion from an
independent third party advisor that the proposed sale of the theater and
related assets is fair to the stockholders of the Company from a financial point
of view.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized:
TRANS-LUX CORPORATION
by: /s/ Angela D. Toppi
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Angela D. Toppi
Executive Vice President
and Chief Financial Officer
Dated: July 15, 2008