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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): May 14, 2024
SACKS
PARENTE GOLF, INC.
(Exact name of registrant as specified in its charter)
Delaware |
|
001-41701 |
|
82-4938288 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
551
Calle San Pablo
Camarillo, CA 93012
(Address
of principal executive offices, including ZIP code)
855-774-7888
(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):
☐ |
Written communications pursuant to Rule 425 under the Securities Act of
1933 (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(e) under the Exchange
Act (17 CFR 240.13e-4(c)) |
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
stock, par value $0.01 per share |
|
SPGC |
|
The
Nasdaq Stock Market, LLC |
Item
8.01 Other Events
On
May 14, 2024, the Company issued a press release announcing Newton Golf Shafts helped propel Doug Barron to his first Major Championship
on the PGA TOUR Champions. A copy of the press release is filed as Exhibit 99.1 to this Current Report and is incorporated by reference.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
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.
Date:
May 14, 2024 |
SACKS PARENTE GOLF, INC. |
|
|
|
|
By: |
/s/
Steve Handy |
|
|
Steve
Handy
|
|
|
Chief
Financial Officer |
Exhibit
99.1
Newton
Golf Shafts Helps Propel Doug Barron to His First Major Championship on the PGA TOUR Champions
Barron
outlasted the field at the Regions Tradition at Greystone Golf and CC in Birmingham, Alabama, jumping to fifth in Charles Schwab standings
CAMARILLO,
CA, May 14, 2024 – Newton Golf Shafts, a business division of Sacks Parente Golf, Inc. (Nasdaq: SPGC) (“SPG”
or the “Company”), announces that Doug Barron, a member of Newton Shafts’ roster, clinched his first major championship
on the PGA TOUR Champions at the Regions Tradition held May 9 – 12, 2024 using the Newton Motion shaft in his driver.
This
marked Barron’s third career victory and his first since 2020. His success underscores the unrivaled performance and precision
engineered into every Newton Motion shaft, further cementing its position as a key differentiator on the PGA TOUR Champions. A total
of five players on the PGA TOUR Champions trusted the Newton shaft in their drivers last week, including Newton Shafts’ brand ambassadors
Barron and Ken Duke. Additionally, three other PGA TOUR Champions members elevated their game with the Newton Motion shafts in their
fairway woods.
Barron
secured his two-stroke victory with a four-under-par final round score of 68. Finishing the week with a driving accuracy of 72% and combined
with his longest drive of the tournament of 301 yards, Barron was pleased with the performance of his Newton Motion driver shaft.
“My
friend Ken Duke introduced me to the Newton shaft earlier this year and I found that after three days of playing with it and comparing
it to my old shaft, I had a tighter dispersion and five more yards in distance,” said Barron. “The Newton shaft has made
a big difference in my driving and unquestionably gave me confidence to win my first major championship last week.”
Barron
debuted the Newton Motion shaft in competition for the first time at the Hoag Classic Newport Beach in March, where he tied for 15th.
In his last two starts, Barron has finished tied for second and won, respectively. His victory at the Regions Tradition catapulted him
an impressive 20 spots in the Schwab Cup rankings, and he is now securely positioned in fifth place.
So
far this year, approximately 10 players have used a Newton Motion shaft in their drivers on the PGA TOUR Champions.
The
Newton Motion shaft is a ready-to-play carbon fiber shaft designed to enhance a golfer’s performance by promoting straighter and
longer shots with reduced effort. Using the Company’s proprietary shaft design and construction, the Newton Motion shaft features
four essential technologies: Elongated Bend Profile; Kinetic Storage Construction, Newton Symmetry360 Design, and a Variable Bend profile.
In
addition to the four technologies, instead of using the traditional categorization of shaft flexes of ladies, senior, regular, stiff,
extra-shift, etc., the Newton Motion shaft uses a DOT system. Ranging from one to six dots, the system allows for a seamless transition
from the most flexible shaft at one dot to the stiffest at six dots.
More
information about the Newton Motion shafts, as well as the ability to purchase Newton Motion shafts, can be found at https://newtonshafts.com.
About
Sacks Parente Golf
Sacks
Parente Golf, Inc. serves as the parent entity of technology-forward golf companies that help golfers elevate their game. With a growing
portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, the Company’s innovative
accomplishments include: the First Vernier Acuity putter, patented Ultra-Low Balance Point (ULBP) putter technology, weight-forward Center-of-Gravity
(CG) design, and pioneering ultra-light carbon fiber putter shafts.
In
consideration of its growth opportunities in golf shaft technologies, the Company expanded its manufacturing business in April of 2022
to develop the advanced Newton brand of premium golf shafts by opening a new shaft manufacturing facility in St. Joseph, MO. It is the
Company’s intent to manufacture and assemble substantially all products in the United States, while also expanding into golf apparel
and other golf-related product lines to enhance its growth.
The
Company’s future expansions may include broadening its offerings through mergers, acquisitions or internal developments of product
lines that are complementary to its premium brand. The Company currently sells its products through resellers, the Company’s websites,
Club Champion retail stores, and distributors in the United States, Japan, and South Korea. For more information, please visit the Company’s
website at https://sacksparente.com/. @sacksparentegolf @newtonshafts
Media
Contact for SPG:
Beth
Gast
BG
Public Relations
beth.gast@bgpublicrelations.com
Investor
Contact for SPG:
CORE
IR
516-222-2560
investors@sacksparente.com
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