0001140361-19-009759.txt : 20190523
0001140361-19-009759.hdr.sgml : 20190523
20190523163840
ACCESSION NUMBER: 0001140361-19-009759
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190514
FILED AS OF DATE: 20190523
DATE AS OF CHANGE: 20190523
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SONY CORP
CENTRAL INDEX KEY: 0000313838
STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD AUDIO & VIDEO EQUIPMENT [3651]
STATE OF INCORPORATION: M0
FISCAL YEAR END: 0331
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38125
FILM NUMBER: 19850679
BUSINESS ADDRESS:
STREET 1: 1-7-1, KONAN
STREET 2: MINATO-KU
CITY: TOKYO
STATE: M0
ZIP: 108-0075
BUSINESS PHONE: 81-3-6748-2111
MAIL ADDRESS:
STREET 1: 1-7-1, KONAN
STREET 2: MINATO-KU
CITY: TOKYO
STATE: M0
ZIP: 108-0075
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Chicken Soup for the Soul Entertainment, Inc.
CENTRAL INDEX KEY: 0001679063
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ALLIED TO MOTION PICTURE PRODUCTION [7819]
IRS NUMBER: 812560811
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 132 E. PUTNAM AVE
CITY: COS COB
STATE: CT
ZIP: 06807
BUSINESS PHONE: 203-861-4000
MAIL ADDRESS:
STREET 1: PO BOX 700
CITY: COS COB
STATE: CT
ZIP: 06807
3
1
form3.xml
FORM 3
X0206
3
2019-05-14
0
0001679063
Chicken Soup for the Soul Entertainment, Inc.
CSSE
0000313838
SONY CORP
1-7-1, KONAN
MINATO-KU
TOKYO
M0
108-0075
JAPAN
true
Class I Warrants
8.13
2019-05-14
2024-05-14
Class A Common Stock
800000
I
See Explanation of Responses
Class II Warrants
9.67
2019-05-14
2024-05-14
Class A Common Stock
1200000
I
See Explanation of Responses
Class III-A Warrants
11.61
2019-05-14
2024-05-14
Class A Common Stock
380000
I
See Explanation of Responses
Class III-B Warrants
11.61
2024-05-14
Class A Common Stock
I
See Explanation of Responses
LLC Units
2020-05-14
2020-11-14
Series A 9.75% Perpetual Preferred Stock
I
See Explanation of Responses
The securities are held through CPE Holdings, Inc. ("CPEH"), an indirect wholly-owned subsidiary of the Reporting Person.
The securities are held through Crackle, Inc. ("Crackle"), an indirect wholly-owned subsidiary of the Reporting Person.
Class III-B Warrants will become exercisable for 1,620,000 shares of Class A Common Stock upon approval by the vote of the holders of the outstanding common stock of the Issuer. Certain affiliates of the Issuer that control a majority of the voting power of the outstanding common stock of the Issuer have delivered an irrevocable proxy to vote all shares of the Issuer's common stock owned by them in favor of such approval.
Pursuant to the terms of the contribution agreement ("Contribution Agreement"), dated as of March 27, 2019, by and among the Issuer, Crackle Plus, LLC, a Delaware limited liability company and wholly owned subsidiary of the Issuer ("Crackle Plus"), CPEH and Crackle, upon Crackle's written request during the six-month period following the first anniversary of the closing date (the "Exercise Period"), Crackle and CPEH will be entitled to reimbursement of their reasonable, documented third-party expenses incurred in connection with the transactions contemplated by the Contribution Agreement, up to a maximum of $5,000,000 (the "Crackle Reimbursement"), (cont'd)
payable (a) in cash by Crackle Plus, (b) upon the reasonable determination of Crackle Plus's board of managers that Crackle Plus does not have sufficient cash available to make such reimbursement payment, by the Issuer in shares of Issuer's Series A 9.75% Perpetual Preferred Stock ("Issuer Preferred Shares"), valued at a price per share of $25.00, or (c) upon Crackle's election, in any combination of cash and Issuer Preferred Shares valued at a price per share of $25.00.
Crackle holds 1,000 units of common equity ("Common Units") and 37,000 units of preferred equity ("Preferred Units") of Crackle Plus. Upon notice (the "Put Election Notice"), Crackle has the option to require the Issuer to acquire all, but not less than all, of its interest in Crackle Plus for consideration of (i) with respect to the Common Units, a number of shares of Issuer Preferred Shares equal to (x) the greater of (A) $3 million and (B) the product of ten (10), multiplied by Crackle Plus's earnings before interest, tax, depreciation and amortization (EBITDA) for the twelve (12) month period ended as of the end of the most recent fiscal quarter prior to the date of the Put Election Notice, multiplied by the percentage interest in Crackle Plus represented by such Common Units, divided by (y) $25.00; (cont'd)
and (ii) with respect to the Preferred Units, 1,480,000 Issuer Preferred Shares (or, in each case, at the Issuer's election, an amount in cash in lieu of such Issuer Preferred Shares at $25 per share). In lieu of exercising that right, Crackle may convert its Preferred Units into Common Units.
8. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities in excess of its respective pecuniary interests.
/s/ Hiroki Totoki
By: Hiroki Totoki, Senior Executive Vice President and Chief Financial Officer, Sony Corporation
2019-05-23