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): ~~August~~September 1816, 2014

KID BRANDS, INC.

(Exact Name of Registrant as Specified in Charter)

New Jersey

1-8681

22-1815337

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

301 Route 17 North, 6th Floor

Rutherford, New Jersey

07070

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including area code: (201) 405-2400

(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))

~~Item 1~~Section 8.03 ~~Bankruptcy~~Other ~~and~~Events ~~Receivership~~

AsItem ~~previously disclosed, on June 18, 2014, Kid Brands, Inc~~8.01 ~~(the “Company”)~~Other ~~and certain of its U~~Events.S. subsidiaries (collectively with the Company, the “Debtors”) each filed a voluntary petition for relief (the “Bankruptcy Filing”) under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of New Jersey (the “Bankruptcy Court”). Also as previously disclosed, on July 27, 2014, Sassy, Inc., a wholly-owned subsidiary of the Company (“Sassy”), entered into an Asset Purchase Agreement (the “Sassy Agreement”), dated as of July 25, 2014, with Sassy 14, LLC, a Delaware limited liability company (the “Sassy Purchaser”), and Angelcare Monitors, Inc., a Canadian corporation (“Angelcare”), whereby, as authorized under Sections 105, 363 and 365 of the Bankruptcy Code, Sassy would sell to the Sassy Purchaser, and the Sassy Purchaser would purchase from Sassy, certain assets of Sassy (the “Sassy Assets”) and other assets of affiliates of Sassy used primarily in the operation of Sassy’s business of designing, importing, marketing and distributing certain branded infant and juvenile products, including developmental toys and feeding, bath and baby care items (the “Sassy Business”).

OnAs ~~August~~previously disclosed, on June 18, 2014, ~~Sassy~~Kid ~~completed~~Brands, ~~the~~Inc. ~~sale of the Sassy Assets~~ (the “~~Sale~~Company”) toand ~~the~~certain ~~Sassy~~of ~~Purchaser~~its ~~for~~U.S. ansubsidiaries ~~aggregate~~(collectively ~~purchase~~with ~~price~~the ~~of $12~~Company,~~500,000,~~ ~~plus~~the ~~certain~~“Debtors”) ~~assumed~~each ~~liabilities~~filed ~~to be made by Purchaser up to~~ a ~~maximum~~voluntary ofpetition ~~$300,000~~for relief (the “~~Purchase~~Bankruptcy ~~Price~~Filing”). ~~The~~under ~~Sale~~chapter ~~was~~11 ~~made~~of ~~pursuant~~title to11 ~~an amended and restated Asset Purchase Agreement, dated as~~ of ~~July 25,~~the ~~2014~~United ~~(as~~States ~~amended,~~ Code (the “~~Amended~~Bankruptcy ~~Sassy Agreement~~Code”), ~~and~~in ~~a Corrected Amended Order of~~ the United States Bankruptcy Court for the District of New Jersey (the “Bankruptcy Court”),. ~~dated~~On ~~August~~September 1916, 2014 ~~(the “Order”). In the Sale~~, the ~~Purchase~~Debtors ~~Price~~filed ~~was~~its ~~paid~~monthly tooperating areport ~~bank~~with ~~account under~~ the ~~control~~Bankruptcy ofCourt ~~Salus Capital Partners, LLC (“Salus”), as agent~~ for the ~~lenders party to that certain~~ ~~Debtor-in-Possession~~reporting ~~Credit~~period ~~Agreement dated as~~ of ~~June~~July 181, 2014 bythrough ~~and among Sassy~~July 31, ~~its affiliate guarantors, Salus and the other lenders party thereto~~2014. ~~Pursuant~~Pertinent tofinancial ~~the~~information ~~Amended~~from ~~Sassy Agreement,~~ the ~~parties~~July ~~also~~2014 ~~executed~~monthly anoperating ~~amended~~report ~~Transition Services~~is ~~Agreement~~furnished (the “Amended Transition Agreement”) pursuant to which, in addition to certain transition services provided to each party thereunder, the parties agreed: (i) to share in the proceeds from the sale of certain licensed inventory, with ~~70%~~this ofCurrent ~~such~~Report ~~proceeds~~on ~~(after~~Form ~~storage and other costs) being disbursed to Sassy (subject to a hold~~8-~~back~~K ofas ~~certain~~Exhibit amounts until December 31, 2014 in respect of certain potential claims of the Sassy Purchaser), and 30% of such proceeds being disbursed to the Sassy Purchaser; and (ii) that Sassy would retain certain other licensed inventory, which Sassy currently intends to sell for its own account99.1.

AThe ~~copy~~monthly ofoperating ~~the~~report ~~Order,~~contains ~~approving~~unaudited ~~the~~financial ~~sale~~information ofwhich ~~the~~has ~~Sassy~~not ~~Assets~~been ~~pursuant~~reviewed toby ~~the~~independent ~~Amended Sassy Agreement~~accountants, is ~~attached~~limited to ~~this~~the ~~Report~~Debtors ~~as Exhibit 99.1~~ and is ~~incorporated~~in ~~herein~~a format prescribed by ~~reference~~applicable bankruptcy laws. The ~~foregoing~~financial ~~description~~information ofrelated to the ~~Amended~~Debtors ~~Sassy~~included ~~Agreement~~in ~~and~~the ~~Amended~~monthly ~~Transition~~operating ~~Agreement~~report ishas ~~only~~been aprepared ~~summary~~to conform with specific instructions from the U.S. Trustee and is ~~qualified~~not presented in accordance ~~its~~with ~~entirety~~generally byaccepted ~~reference~~accounting principles (“GAAP”) or SEC regulations applicable to financial statements contained in periodic reports filed with the ~~terms~~SEC. Preparation of the ~~Amended~~Debtor’s ~~Sassy~~financial ~~Agreement~~statements ~~and~~in ~~Amended~~accordance ~~Transition~~with ~~Agreement~~GAAP ~~attached~~could asresult ~~Exhibit~~in Amaterial reconciliations and adjustments to certain financial information presented in the ~~Order~~monthly operating reports.

~~Item~~The monthly 2operating report also contains information for periods that are different from those contained in the reports the Company has filed pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”).01 ~~Completion~~Such information also may not be indicative of ~~Acquisition~~the financial condition or ~~Disposition~~operating results of ~~Assets~~the Debtors for the periods reflected in the Debtors’ financial statements or in its reports pursuant to the Exchange Act, or of future results. The financial information in the monthly operating report is not presented on a consolidated basis and does not present the consolidated results of the Debtors. Accordingly, the financial statements in the monthly operating reports cannot be compared with the consolidated financial condition and results of operations that the Company has reported in its Exchange Act filings.

~~Please see the disclosure set forth in Item~~Section 19.03 ~~above,~~Financial Statements ~~which~~and ~~disclosure~~Exhibits ~~is hereby incorporated into this Item 2.01 by reference.~~

Item 9.01

Financial Statements and Exhibits

(d) Exhibits.

99.1 ~~Corrected~~Operating ~~Amended~~results ~~Order~~for of the ~~Bankruptcy~~period ~~Court~~from ~~dated~~July ~~August 19~~1, 2014 ~~Authorizing~~through ~~the~~July ~~Sale of Substantially All the Assets of Debtor Sassy~~31, ~~Inc~~2014.

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 hereunto duly authorized.

Exhibit Index

Date: August 21, 2014

KID BRANDS, INC.

Date: September 22, 2014

KID BRANDS, INC.

/s/ Kerry Carr

Kerry Carr Executive Vice President, Chief Operating Officer and Chief Financial Officer

Kerry Carr

Executive Vice President, Chief Operating Officer and Chief Financial Officer

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