Knickerbocker to Issue Stock to Underwriters

L.L. Knickerbocker Co. is planning to issue 410,000 shares of stock to underwriters of the company’s initial public offering, Knickerbocker disclosed Tuesday in a document filed with the Securities and Exchange Commission.

Although the stock price and sale date are not determined, the filing allows underwriters to exercise warrants they received as payment to take the company public in January 1995.

“We don’t know when our underwriters will sell or at what price, but this enables them to do it,” said Gerald Margolis, attorney for the company. Underwriters include Nutmeg Securities Inc. of Connecticut and W.B. McKee Securities of Phoenix.

Knickerbocker stock closed Tuesday at $14.50 a share, down 37.5 cents a share in Nasdaq trading.

Knickerbocker, which markets a variety of products for other companies, told the SEC in its filing that 40.9% of its revenues come from the Marie Osmond Collectibles collection, which includes various dolls. About 60% of the company’s revenues come from products sold on the QVC Network, a cable shopping network.