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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): December 1, 2005
COLLECTORS UNIVERSE, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-27887 33-0846191
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
921 E. Alton Avenue, Santa Ana, California 92705
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (949) 567-1234
N/A
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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))
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ITEM 7.01. REGULATION FD DISCLOSURE
On December 1, 2005, the Company issued a press release to report that
that the Orange County, California trial judge presiding over the previously
reported lawsuit, entitled Miller vs. Collectors Universe, Inc., has issued a
final judgment in that case that the statutory damages owed by the Company to
plaintiff under California Civil Code Section 3344 are $0.00 and that the
Company's liability to plaintiff is, therefore, $14,060, which the jury found
were the profits earned by the Company for the use of Miller's name.
As also reported in that press release, although the judgment was
entered pursuant to an agreement reached by the parties, it is expected that
plaintiff will appeal the judgment. The Company has been informed by its trial
counsel that, in California, it generally takes at least one year, and sometimes
as long as two years, from the filing of an appeal of a damage award, before the
appeal is actually heard by an appellate court.
As the Company has previously disclosed, plaintiff was seeking damages
in this case against the Company of more than $10 million. However, the Company
continues to believe that, even if plaintiff appeals the judgment, the Company
will not incur any material liability to plaintiff in this case. However, there
is little interpretive history with respect to the measure of damages in a case
such as the Miller case, creating a number of relatively novel legal issues. As
a result, it is not possible to predict, with certainty, how an appellate court
will ultimately rule on the issue of damages, assuming the judgment is appealed
by plaintiff.
The foregoing description of the contents of the press release is
qualified by reference to that press release, in its entirety, a copy of which
is attached hereto as Exhibit 99.1 and which, by this reference, is incorporated
in full into this report.
In accordance with General Instruction B.2 of Form 8-K, the information
in this Current Report on Form 8-K, including Exhibit 99.1, is being furnished
and shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the liabilities of
that Section, nor shall it be deemed incorporated by reference in any filing
under the Securities Act of 1933, as amended.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
The following exhibit is filed as part of this report:
Exhibit No. Description
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99.1 Press Release issued December 1, 2005 reporting
issuance of final judgment in the lawsuit
entitled Miller vs. Collectors Universe, Inc.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this Current Report to be signed on its behalf by
the undersigned, hereunto duly authorized.
COLLECTORS UNIVERSE, INC.
Dated: December 6, 2005 By: /s/ JOSEPH J. WALLACE
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Joseph J. Wallace,
Chief Financial Officer
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INDEX TO EXHIBITS
Exhibit No. Description
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99.1 Press Release issued December 1, 2005 reporting
issuance of final judgment in the lawsuit
entitled Miller vs. Collectors Universe, Inc.
E-1