8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): July 10, 2019

TRANS WORLD ENTERTAINMENT CORPORATION

(Exact Name of Registrant as Specified in Charter)

New York	0-14818	14-1541629
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

38 Corporate Circle,

Albany, New York 12203

(Address of Principal Executive Offices, and Zip Code)

(518) 452-1242

Registrant’s Telephone Number, Including Area Code

Not Applicable

(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 (see General Instruction A.2. below):

o Written communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common shares, $0.01 par value per share	TWMC	NASDAQ Stock Market

Item 8.01 Other Events.

On July 10, 2019, the Company issued a press release announcing the appointment of Kunal Chopra as Chief Executive Officer of etailz, a copy of which is filed as Exhibit 99.1 to this Current Report on Form 8−K, and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are furnished herewith:

Exhibit No.	Description
99.1	Press Release of Trans World Entertainment Corporation dated July 10, 2019

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.

Dated:  July 11, 2019	TRANS WORLD ENTERTAINMENT CORPORATION
	By:	/s/ Edwin Sapienza
		Name: Edwin Sapienza
		Title:  Chief Financial Officer

EX-99.1

Exhibit 99.1

  38 Corporate Circle
Albany, NY 12203 Contact:
Trans World Entertainment
Edwin Sapienza
Chief Financial Officer
(518) 452-1242 Contact:
Financial Relations Board
Marilynn Meek
(mmeek@frbir.com)
(212) 827-3773

www.twec.com   NEWS RELEASE  

Trans World Entertainment Names Kunal Chopra

as Chief Executive Officer of etailz

Albany, NY July 10, 2019 - Trans World Entertainment Corporation (NASDAQ: TWMC) today announced that Kunal Chopra has been named Chief Executive Officer, of etailz reporting directly to Mike Feurer, Chief Executive Officer of Trans World Entertainment, the parent company of etailz. In his new role, Mr. Chopra will be responsible for the operations of etailz, a leading digital marketplace retailer.

“I am extremely pleased to have someone with Kunal’s breadth and depth of experience and leadership join our team as etailz CEO. He brings a unique combination of technological expertise, entrepreneurial character and operational excellence and accomplishment. Further, he has a demonstrated track-record of thought leadership and affecting outcomes at some of the largest, most dynamic and well respected companies in the world.  We look forward to utilizing his expertise to capitalize upon etailz’s formidable position and opportunity as a demonstrated leader in marketplace selling, service and expertise.”

Mr. Chopra brings over 15 years of executive experience with companies such as Microsoft, Amazon, and Groupon to etailz. Throughout his professional career, Kunal has managed and led 1,500+ member organizations in charge of organizational transformation, new business and product development, strategy formulation and execution, and product launch at scale. 

Trans World Entertainment is a leading multi-channel retailer, blending a 40-year history of entertainment retail experience with digital marketplace expertise. Our brands seamlessly connect customers with the most comprehensive selection of music, movies, and pop culture products on the channel of their choice. For over 40 years, the Company has operated as a leading specialty retailer of entertainment and pop culture merchandise with stores in the United States and Puerto Rico, primarily under the name fye, for your entertainment, and on the web at www.fye.com and www.secondspin.com. In October 2016, the Company acquired etailz, Inc., a leading digital marketplace expert retailer. etailz uses a data driven approach to digital marketplace retailing utilizing proprietary software and ecommerce insight coupled with a direct customer relationship engagement to identify new distributors and wholesalers, isolate emerging product trends, and optimize price positioning and inventory purchase decisions. Trans World Entertainment, which established itself as a public company in 1986, is traded on the Nasdaq National Market under the symbol “TWMC”.

Certain statements in this release set forth management’s intentions, plans, beliefs, expectations or predictions of the future based on current facts and analyses. Actual results may differ materially from those indicated in such statements. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the Securities and Exchange Commission.