The company has not filed an annual or quarterly report since its Q1 FY2020 10-Q, filed May 4, 2020. Its latest SEC filing is a 15-12B from Jul 27, 2020.
10-Q for Q1 FY2020, filed May 4, 2020
The sections below describe the company as of the FY2019 annual report.
Sells tobacco and alternative products to wholesale distributors, retailers and consumers, alongside billboard advertising and personal auto and homeowners insurance.
10-K for FY2019, filed Mar 16, 2020Turning Point is a leading, independent provider of Other Tobacco Products (“OTP”) in the U.S. Turning Point estimates the OTP industry…View ↗
Turning Point’s NewGen segment includes its Nu-X subsidiary dedicated to the development, production and sale of alternative products as…View ↗
Standard Outdoor is an out-of-home advertising business. As of December 31, 2019, we owned, managed and operated 399 billboard faces…View ↗
On January 2, 2018, Pillar General acquired all of the outstanding capital stock of Interboro Holdings, Inc. (“Interboro”) for a cash…View ↗
Turning Point’s tobacco sales efforts are focused on wholesale distributors and retail merchants in the independent and chain convenience…View ↗
Turning Point sells goods to customers, with sales counted when goods are delivered. Standard Outdoor earns billboard rent over customer lease terms, and Maidstone earns insurance premiums over the period covered by each policy.
10-K for FY2019, filed Mar 16, 2020Turning Point recognizes revenues, which includes excise taxes and shipping and handling charges billed to customers, net of cash discounts…View ↗
The Company’s out-of-home advertising revenues are primarily derived from providing advertising space to customers on its physical…View ↗
Maidstone recognizes revenues from insurance contracts, including premiums and fees, under the guidance in ASC 944, Financial…View ↗
$391.8M
10-K for FY2019, filed Mar 16, 2020
$391.8M ↗
Chewing tobacco and cigarette-paper products are sold mainly through wholesale distributors; vaping and alternative goods reach non-traditional retailers through e-commerce, while individual consumers buy directly online and through company stores.
10-K for FY2019, filed Mar 16, 2020In accordance with ASC 280, Segment Reporting, the Company has five reportable segments. Three of the Company’s segments are also those of…View ↗
Revenues of the Smokeless and Smoking segments are primarily comprised of sales made to wholesalers while NewGen sales are made to business…View ↗
Turning Point’s tobacco sales efforts are focused on wholesale distributors and retail merchants in the independent and chain convenience…View ↗
10-Q for Q1 FY2020, filed May 4, 2020
−$3.3MView ↗
8-K, filed Jul 16, 2020
Pursuant to the terms of the Merger Agreement, on July 16, 2020, at the effective time of the Merger, each share of the Company’s Class A…View ↗
8-K, filed Apr 8, 2020
On April 7, 2020, Standard Diversified Inc. (the “Company” or “SDI”) entered into an Agreement and Plan of Merger and Reorganization (the…View ↗
Grew. Revenue grew 99% in 4 years, from $197.3M in FY2015 to $391.8M in FY2019, about 19% a year.
From shell to operating businesses
The older report described SDI as a shell with essentially no operating assets, pursuing acquisitions and investments. The latest report describes tobacco products through Turning Point, outdoor advertising and insurance operations.
10-K for FY2016, filed Mar 22, 2017 10-K for FY2019, filed Mar 16, 2020The Company is a “shell company” under the federal securities laws. The Company has essentially no operating assets, and its business…View ↗
We are a diversified holding company with interests in a variety of industries and market sectors. Our subsidiaries are engaged in the…View ↗
Turning Point is a leading, independent provider of Other Tobacco Products (“OTP”) in the U.S. Turning Point estimates the OTP industry…View ↗
Standard Outdoor is an out-of-home advertising business. As of December 31, 2019, we owned, managed and operated 399 billboard faces…View ↗
On January 2, 2018, Pillar General acquired all of the outstanding capital stock of Interboro Holdings, Inc. (“Interboro”) for a cash…View ↗
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