d840441_6-k.htm
FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Private
Issuer
Pursuant
to Rule 13a-16 or 15d-16
of
the
Securities Exchange Act of
1934
For
the month of December
2007
Commission
File Number
TOP
SHIPS INC.
(Translation
of registrant’s name into English)
1
VAS. SOFIAS & MEG.
ALEXANDROU
STREET
151
24, MAROUSSI
ATHENS,
GREECE
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form
20-F [ X ] Form 40-F
[ ]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)7: ___
Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes
[ ] No [ X ]
If
“Yes” is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): ________.
INFORMATION
CONTAINED IN THIS FORM
6-K REPORT
TOP
Ships Inc (the “Company”)
announced that its Board of Directors (the “Board”) at a meeting today
determined that QVT Financial LP (“QVT”), a shareholder of the Company, is not
an “Acquiring Person” as such term is defined in the Company’s Stockholder
Rights Agreement (the “Rights Agreement”). The Board based its
decision on information received from QVT that it became the beneficial owner
of
an amount of common stock of the Company exceeding 15% of the Company's
outstanding common stock without knowledge of the consequences of such level
of
ownership under the Rights Agreement and without any intention of changing
or
influencing control of the Company. QVT has agreed with the Company
to reduce its position to under 15% no later than January 18, 2008, to refrain
from acquiring any common stock of the Company until that time and that its
beneficial ownership of shares thereafter will not exceed such level as would
make QVT an Acquiring Person under the Rights Agreement without the prior
written consent of the Board.
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, thereunto
duly authorized.
TOP
SHIPS INC.
(registrant)
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Dated: December
19, 2007
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|
By:
|
/s/
Evangelos J. Pistiolis
|
|
| |
|
|
Evangelos
J. Pistiolis
|
|
| |
|
|
Chief
Executive Officer
|
|
SK
23116 0001
840441