<SEC-DOCUMENT>0001157523-16-005126.txt : 20160418
<SEC-HEADER>0001157523-16-005126.hdr.sgml : 20160418
<ACCEPTANCE-DATETIME>20160418165936
ACCESSION NUMBER:		0001157523-16-005126
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20160412
ITEM INFORMATION:		Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20160418
DATE AS OF CHANGE:		20160418

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DGSE COMPANIES INC
		CENTRAL INDEX KEY:			0000701719
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-JEWELRY STORES [5944]
		IRS NUMBER:				880097334
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11048
		FILM NUMBER:		161577347

	BUSINESS ADDRESS:	
		STREET 1:		15850 DALLAS PARKWAY
		STREET 2:		SUITE 140
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75248
		BUSINESS PHONE:		9725874049

	MAIL ADDRESS:	
		STREET 1:		15850 DALLAS PARKWAY
		STREET 2:		SUITE 140
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75248

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DALLAS GOLD & SILVER EXCHANGE INC /NV/
		DATE OF NAME CHANGE:	19930114

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN PACIFIC MINT INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CANYON STATE CORP
		DATE OF NAME CHANGE:	19860819
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51322839.htm
<DESCRIPTION>DGSE COMPANIES, INC. 8-K
<TEXT>
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      <br>
      <font style="font-size: 12pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-size: 12pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 10pt; font-family: Times New Roman">Washington,
      D.C. 20549</font><br>
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    <hr style="color: #000000; height: 1.0 pt; width: 20%; text-align: center">


    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>FORM 8-K</b></font>
    </p>
    <hr style="color: #000000; height: 2.0 pt; width: 20%; text-align: center">


    <p style="text-align: center">
      <br>
      <br>
      <font style="font-size: 14pt"><b>CURRENT REPORT</b></font>
    </p>
    <p style="text-align: center">
      <br>
      <b>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</b>
    </p>
    <p style="text-align: center">
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman"><b>Date of
      Report </b></font><font style="font-size: 10pt; font-family: Times New Roman">(Date
      of earliest event reported):&#160;</font><font style="font-size: 10pt; font-family: Times New Roman"><b>April
      18, 2016 </b></font><font style="font-size: 10pt; font-family: Times New Roman">(April
      12, 2016)</font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-size: 10pt; font-family: Times New Roman"></font><br><br><font style="font-size: 14pt"><b>DGSE
      COMPANIES, INC.</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      name of registrant as specified in its charter)</font><br><br>
    </p>
<div style="text-align:left">
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        <td valign="bottom" style="width: 34%; text-align: center; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Nevada</b>
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; width: 33%; padding-right: 0.0px; text-align: center; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>1-11048</b>
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; width: 33%; padding-right: 0.0px; text-align: center; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>88-0097334</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="width: 34%; text-align: center; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or Other
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Jurisdiction of
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Incorporation)
          </p>
        </td>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            File Number)
          </p>
        </td>
        <td valign="top" style="width: 33%; text-align: center; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (IRS Employer
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
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    <p style="text-align: center">
      <br>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; margin-bottom: 10.0px; font-family: Times New Roman">
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>15850 Dallas Parkway, Suite 140</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Dallas, Texas 75248</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Address of principal executive offices) (Zip Code)
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; margin-bottom: 10.0px; font-family: Times New Roman">
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Registrant&#8217;s Telephone Number, including area code:&#160;<b>&#160;(972)
            587-4049</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <b>Not Applicable</b><br>(Former Name or Former Address, if Changed
      Since Last Report)
    </p>
    <p>
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman">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 </font>(<i>see </i>General Instruction A.2.
      below):<br>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-right: 0pt; width: 100%; text-indent: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
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        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: justify">
      <b>Item 3.01 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Notice of Delisting or Failure to Satisfy a
      Continued Listing Rule or Standard; Transfer of Listing.</b>
    </p>
    <p style="text-align: justify">
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;On April 12, 2016, DGSE Companies, Inc. (&#8220;DGSE&#8221;) received a
      notice from the NYSE MKT LLC (the &#8220;MKT&#8221;) stating that DGSE is not in
      compliance with the MKT&#8217;s continued listing standards as set forth in
      the NYSE MKT Company Guide (the &#8220;Company Guide&#8221;).&#160;&#160;Specifically, Section
      1003(a)(ii) of the Company Guide provides that the MKT will consider
      delisting an issuer if the issuer has stockholders' equity of less than
      $4,000,000 if such issuer has sustained losses from continuing
      operations and/or net losses in three of its four most recent fiscal
      years.&#160;&#160;The notice provides that DGSE is below compliance with Section
      1003(a)(ii) since it reported stockholders equity of $3.87 million as of
      December 31, 2015 and net losses in three of its four most recent fiscal
      years ended December 31, 2015.&#160;&#160;The MKT advised DGSE that it must submit
      a plan by May 12, 2016 advising of actions that DGSE has taken or will
      take to regain compliance with the continued listing standards by
      October 12, 2017, and further advised DGSE that if a plan is not
      submitted or the plan is not commenced, delisting procedures will
      commence.&#160;&#160;DGSE intends to submit a plan on or before the deadline.&#160;&#160;If
      the plan is accepted, DGSE will be subject to periodic reviews and
      continued compliance with the plan.&#160;&#160;If DGSE is not in compliance with
      the plan as of October 12, 2017 or if DGSE does not make progress
      consistent with the plan, the MKT may initiate delisting procedures.
    </p>
    <p style="text-align: justify">
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;DGSE&#8217;s common stock will continue to trade under the symbol
      &#8220;DGSE,&#8221; but will have an added designation of &#8220;.BC&#8221; to indicate that
      DGSE is not in compliance with the MKT&#8217;s listing standards.
    </p>
    <p style="text-align: justify">
      <b>Item 7.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Regulation FD Disclosure.</b>
    </p>
    <p style="text-align: justify">
      <b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b>On
      April 15, 2016, DGSE entered into a non-binding letter of intent with
      Elemetal, LLC (&#8220;Elemetal&#8221;) pursuant to which, in exchange for
      satisfaction of $3,500,000 of debt owed by DGSE to Elemetal as a result
      of bullion-related transactions, DGSE would issue to Elemetal (a) shares
      of common stock at a stock price of $0.41 per share, which based on an
      amount of debt exchanged of $3,500,000 would result in the issuance of
      8,536,585 shares to Elemetal and (b) a one-year option to purchase from
      DGSE 1,000,000 shares of common stock of DGSE at an exercise price of
      $0.65 per share.
    </p>
    <p style="text-align: justify">
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;DGSE also entered into a non-binding letter of intent with NTR
      Metals, LLC (&#8220;NTR&#8221;) pursuant to which, in exchange for satisfaction of
      debt owed by DGSE to NTR that was incurred in connection with that
      certain Loan Agreement between DGSE and NTR dated July&#160;19, 2012 and
      associated $7,500,000 Revolving Credit Note of the same date (the
      balance of which as of April&#160;13, 2016, including principal and interest,
      was $2,408,238.91), DGSE would issue to NTR shares of common stock at a
      stock price of $0.41 per share, which based on the balance outstanding
      as of April 13, 2016, would result in the issuance of 5,873,753 shares
      to NTR.
    </p>
    <p style="text-align: justify">
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Both letters of intent are non-binding and are subject to
      numerous conditions, including negotiation and execution of definitive
      agreements and shareholder approval.&#160;&#160;If the letters of intent are
      approved by the shareholders, DGSE&#8217;s management believes this will
      contribute sufficient capital to be in compliance with Section
      1003(a)(ii) of the Company Guide.&#160;&#160;No assurance can be made that DGSE
      will be able to negotiate mutually satisfactory definitive agreements
      with Elemetal and NTR or that it will receive the necessary shareholder
      approval.
    </p>
    <div style="margin-right: 0pt; width: 100%; text-indent: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
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      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
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          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
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        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">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.</font>
    </p>
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        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>DGSE COMPANIES, INC.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 6%">

        </td>
        <td valign="top" style="width: 44%; text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 6%">

        </td>
        <td valign="top" style="width: 44%; text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 5%; text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="width: 45%; text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="width: 6%; text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          By:
        </td>
        <td valign="top" style="border-bottom-style: solid; border-bottom-color: black; width: 44%; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ MATHEW PEAKES
          </p>
        </td>
      </tr>
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        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 6%">

        </td>
        <td valign="top" style="width: 44%; text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Matthew Peakes
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 6%">

        </td>
        <td valign="top" style="width: 44%; text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Chief Executive Officer
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 5%; text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Date:
          </p>
        </td>
        <td valign="top" style="width: 45%; text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            April 18, 2016
          </p>
        </td>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
      </tr>
    </table>
    </div>
    <p>

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