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STATES&nbsp;</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;<FONT STYLE="font-size: 12pt"><B>WASHINGTON,
D.C. 20549</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 18pt"><B>FORM
8-K</B></FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">CURRENT REPORT&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>PURSUANT TO SECTION
13 OR 15(D) OF<BR>
 THE SECURITIES EXCHANGE ACT OF 1934</B></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Date of Report (date of
earliest event reported): May 10, 2016</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 24pt"><B>Turning
Point Brands, Inc.</B>&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Exact name of registrant as specified
in its charter)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

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<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 33%; text-align: center"><B>Delaware&nbsp;</B></TD>
    <TD STYLE="width: 34%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>001-37763</B></FONT></TD>
    <TD STYLE="width: 33%; text-align: center"><B>20-0709285&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center">(State or
other jurisdiction of incorporation)</TD>
    <TD STYLE="text-align: center">(Commission File No.)</TD>
    <TD STYLE="text-align: center">(IRS Employer
Identification No.)&nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">5201 Interchange
Way&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Louisville, Kentucky 40229</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;(Address of principal executive
offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(502) 778-4421</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Registrant&rsquo;s telephone number,
including area code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>NOT APPLICABLE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Former name or former address, if
changed since last report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">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 (<I>see
</I>General Instruction A.2. below):</P>

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Securities Act (17 CFR 230.425)</TD>
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Exchange Act (17 CFR 240.14a-12)</TD>
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under the Exchange Act (17 CFR 240.14d-2(b))</TD>
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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#111;</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))</TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><B>Item 1.01 Entry into a Material Definitive Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><U>Underwriting Agreement </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">On May 10,
2016, Turning Point Brands, Inc. (the &ldquo;Company&rdquo; or &ldquo;we&rdquo; or &ldquo;us&rdquo;) entered into an
underwriting agreement (the &ldquo;Underwriting Agreement&rdquo;) with Cowen and Company, LLC and FBR Capital Markets &amp;
Co. relating to the Company&rsquo;s initial public offering (the &ldquo;Offering&rdquo;) of its common stock, par value $0.01
per share (the &ldquo;Common Stock&rdquo;). Pursuant to the Underwriting Agreement, the Company agreed to sell 5,400,000
shares of its Common Stock and provide for an overallotment option of 810,000 shares (the &ldquo;Overallotment Option&rdquo;)
of Common Stock to the Underwriters. The initial public offering price was $10.00 per share. The Underwriting Agreement
includes customary representations, warranties and covenants by the Company and the Underwriters. It also provides that the
Company will indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933,
as amended, or contribute to payments the Underwriters may be required to make because of any of those liabilities.
The Offering, closed on May 13, 2016 (the &ldquo;Closing Date&rdquo;). As of the date hereof, the underwriters have not
exercise their overallotment option. The Company used the proceeds from the Offering to pay fees and expenses related to the
offering, repurchase warrants and options issued by its subsidiary, Intrepid Brands LLC (&ldquo;Intrepid&rdquo;), repay
approximately $34 million of its floating rate PIK Toggle Notes due 2021 (the &ldquo;PIK Toggle Notes&rdquo;) not exchanged
for Common Stock as more fully-described below and used the remaining proceeds to repay a portion of the borrowings
outstanding under its second lien credit facility.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">In
connection with the Offering, the Company entered into a number of agreements, which were disclosed in its Registrant
Statement on Form S-1 (File No. 333-207816) (the &ldquo;Registration Statement&rdquo;) and are also described below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><U>Registration Rights Agreement</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">In connection with the Offering,
the Company entered into a registration rights agreement (the &ldquo;Registration Rights Agreement&rdquo;) with certain existing
stockholders. Under the Registration Rights Agreement, at any time following the 180-day lock-up period following the Offering,
subject to certain exceptions, including underwriter cutbacks, limitations on offering size and the Company&rsquo;s right to defer
a demand registration under certain circumstances, certain parties to the Registration Rights Agreement can require that the Company
register for resale their shares of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">The Registration Rights Agreement also includes customary
piggyback rights for parties thereto in connection with registrations by the Company, including registrations filed in connection
with a demand registration. Piggyback registration rights are subject to customary underwriter cutback provisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">The Registration Rights Agreement includes customary
covenants by the Company. It also provides that the Company will indemnify certain &ldquo;Designated Stockholders&rdquo; against
certain liabilities, including liabilities under the Securities Act of 1933, as amended, or contribute to payments that
the Designated Stockholders may be required to make because of any of those liabilities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><U>Exchange and Sale Agreement for PIK Notes </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">In connection
with the Offering, the Company entered into an exchange agreement with Standard General L.P. (together with the funds it
manages, &ldquo;Standard General&rdquo;) pursuant to which the Company agreed to exchange for Common Stock the PIK Toggle
Notes that were not repaid with a portion of the proceeds from the Offering attributable to Standard General&rsquo;s anchor
order (the &ldquo;Exchange Agreement for PIK Notes&rdquo;). Under the Exchange Agreement for PIK Notes, Standard General
exchanged approximately $29.4 million in accreted value of PIK Toggle Notes (including PIK Toggle Notes subject to Fort
George Investments, LLC&rsquo;s (&ldquo;Fort George&rdquo;) participation interest, for approximately 3,168,438 shares of
Common Stock (equivalent to a conversion price equal to the price paid by the underwriters for the shares in the Offering) of
which 440,176 shares were issued to Fort George, in respect of its participation interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><U>Exchange Agreements for 7% Senior Notes</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">In connection with the Offering, the Company entered
into an exchange agreement (the &ldquo;7% Senior Note Exchange Agreement&rdquo;) with certain holders (the &ldquo;7% Exchanging
Holders&rdquo;) of its 7% Senior PIK Toggle Notes due 2023 (the &ldquo;7% Senior Notes&rdquo;) as well into an exchange agreement
(the &ldquo;7% Standard General Exchange Agreement&rdquo; and, together with the 7% Senior Note Exchange Agreement, the &ldquo;7%
Senior Noteholder Agreements&rdquo;) with Standard General, pursuant to which the Company agreed to exchange the 7% Senior Notes
subject to the agreements for Common Stock at a price equal to the price to the public in the Offering. Concurrently
with the Closing of the Offering, the Company exchanged approximately $11.2 million in aggregate accreted value of the 7% Senior
Notes for approximately 1.2 million shares of its Common Stock. The 7% Senior Noteholder Agreements each include certain representations,
warranties and covenants by the Company, the 7% Senior Noteholders and Standard General, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><U>Warrant Purchase Agreement</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">On May 10,
2016, the Company entered into an agreement (the &ldquo;Warrant Purchase Agreement&rdquo;) with holders of warrants to
purchase common units of Intrepid (the &ldquo;Intrepid Warrantholders&rdquo;) to repurchase the warrants held by such
holders with proceeds from the Offering. On May 13, 2016, the Company purchased approximately 9.4 million Intrepid Warrants
from the Intrepid Warrantholders party to the Warrant Purchase Agreement for $0.50 per Warrant. The Warrant
Purchase Agreement includes certain representations and warranties by the Company and the Intrepid Warrantholders, and
covenants by the Intrepid Warrantholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 16.8pt 0pt 6pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 16.8pt 0pt 6pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><U>Amendment to the Stockholders&rsquo; Agreement</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">On April 28,
2016, the Company amended its Stockholders Agreement dated June 25, 1997, as amended by the Amended and Restated
Stockholders&rsquo; Agreement dated February 9, 2004 (the &ldquo;Amendment to the Stockholders&rsquo; Agreement&rdquo;). The
Company, North Atlantic Trading Company, Inc., a wholly owned subsidiary of the Company, and certain stockholders of the
Company amended the Stockholders&rsquo; Agreement to provide for restrictions similar to those in the lock up agreements the
Company&rsquo;s executive officers and directors entered into with the Underwriters in connection with the Offering with
respect to any shares of Common Stock held by the parties to the Stockholders&rsquo; Agreement. Pursuant to the Amendment to
the Stockholders&rsquo; Agreement, all other substantive provisions of the Stockholders&rsquo; Agreement terminated upon the
consummation of the Offering and the Stockholders&rsquo; Agreement will terminate in its entirety upon the expiration of the
180-day lock-up period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><U>Indemnification Agreements</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">On May 10, 2016, the Company entered into indemnification
agreements (the &ldquo;Indemnification Agreements&rdquo;) with each of its executive officers and directors and with Standard General.
These agreements provide that the Company will indemnify the applicable executive officer, director or Standard General to the
fullest extent permitted by law in connection with their service to the Company or on the Company&rsquo;s behalf.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">The foregoing
descriptions of the Underwriting Agreement, Registration Rights Agreement, Exchange Agreement for PIK Toggle Notes, 7%
Standard General Exchange Agreement, 7% Senior Note Exchange Agreement, Warrant Purchase Agreement, Amendment to
the Stockholders&rsquo; Agreement and Indemnification Agreements do not purport to be complete and are qualified in their
entirety by reference to of the full agreements which are filed as Exhibits 1.1, 4.1, 10.1, 10.2, 10.3, 10.4, 10.5, 10.6 and
10.7 hereto, respectively, and incorporated by reference herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><B>Item 3.02 Unregistered Sale of Equity Securities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">As described in Item
1.01, the Company issued approximately 3.1 million shares of its common stock in exchange for a portion of the PIK Toggle Notes
and approximately 1.2 million shares of its Common Stock in exchange for apportion of the 7% Senior Notes. These issuances of Common
Stock were made in reliance on the </FONT>exemption from registration provided by S<FONT STYLE="font-size: 10pt">ection 4(a)(2)
of the Securities Act of 1933.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><B>Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">On December 4,
2015 the Company entered into an amendment to the 2008 Amended and Restated Employment Agreement (the &ldquo;2008
Agreement&rdquo;) with Thomas F. Helms, Jr. to terminate the 2008 Agreement (the &ldquo;Amendment&rdquo;). Pursuant to the
Amendment, which went into effect immediately prior to consummation of the Offering, Mr. Helms&rsquo; employment and the 2008
Agreement have been terminated. Neither the Company nor Mr. Helms have any further rights, obligations or duties under the
2008 Agreement, except that any rights Mr. Helms has to indemnification by the Company survive the termination of the 2008
Agreement. In consideration of the Amendment, the Company will pay Mr. Helms $298,312 shortly following the closing of the
Offering and an additional $298,312 on the three-month anniversary of the closing of the Offering. Mr. Helms continues to
serve as the Company&rsquo;s non-executive chairman.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">On November 23, 2015, the Company entered into new
employment agreements with each of Lawrence Wexler and James Dobbins (the &ldquo;2016 Employment Agreements&rdquo;), the effectiveness
of which was contingent on the consummation of the Offering. As more fully described in the Company&rsquo;s Registration Statement,
the 2016 Employment Agreements provide for an initial term of one year, subject to automatic extensions for successive one-year
terms unless earlier terminated, or unless either party provides notice of non-renewal at least 60 days prior to the end of the
applicable term. Pursuant to the 2016 Employment Agreements, Mr. Wexler is entitled to receive an annual base salary of $722,925
and Mr. Dobbins is entitled to receive an annual base salary of $365,271, subject to adjustment by the board of directors. Each
of Messrs. Wexler and Dobbins will be eligible to receive an annual cash bonus award, with a target bonus opportunity equal to
100% of base salary for Mr. Wexler and 50% of base salary for Mr. Dobbins.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">On November 23, 2015, the Company entered into a new
employee agreement with Mark Stegeman (the &ldquo;2016 Stegeman Agreement&rdquo;), the effectiveness of which was contingent on
the consummation of the Offering. The 2016 Stegeman Agreement provides for an initial term of one year, subject to automatic extensions
for successive one-year terms unless earlier terminated, or unless either party provides notice of non-renewal at least 60 days
prior to the end of the applicable term. Pursuant to the 2016 Stegeman Agreement, Mr. Stegeman is entitled to receive an annual
base salary of $350,000, subject to adjustment by the board of directors. Mr. Stegeman will be eligible to receive an annual cash
bonus award, with a target bonus opportunity equal to 50% of his base salary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">The foregoing
descriptions of the Amendment, the 2016 Employment Agreements and the 2016 Stegeman Agreement do not purport to be complete
and are qualified in their entirety by reference to each of the 2016 Employment Agreements and the 2016 Stegeman Agreement,
copies of which are filed as Exhibits 10.8, 10.9, 10.10 and 10.11 hereto, respectively, and incorporated by
reference herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><B>Item 5.03 Amendments to Articles
of Incorporation or Bylaws; Change in Fiscal Year.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">As more fully described in the Company&rsquo;s
Registration Statement, on May 12, 2016, the Company amended and restated its Certificate of Incorporation (the &ldquo;Second Amended
and Restated Certificate of Incorporation&rdquo;) and amended and restated its By-Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">The descriptions of the Second Amended and Restated
Certificate of Incorporation and the By-Laws are qualified in their entirety by reference to the full text of the Second Amended
and Restated Certificate of Incorporation and the By-Laws, attached hereto as Exhibits 3.1 and 3.2, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><B>Item 9.01 Financial
Statements and Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in">(d) Exhibits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; text-decoration: none; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Exhibit
    No.</B></FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 90%; text-decoration: none; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Description</B> </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.25pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 0.25pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.1**</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Underwriting Agreement amongst Turning Point Brands, Inc., Cowen and Company, LLC and FBR Capital Markets &amp; Co., dated May 10, 2016. </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">3.1**</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">Second Amended and Restated Certificate of Incorporation.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">3.2*</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">Amended and Restated By-laws (incorporated by reference to Exhibit 3.3 of the Registrant&rsquo;s Registration Statement on Form S-1 (File No.333-207816) filed on November 24, 2015).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">4.1</FONT>**</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">Registration Rights Agreement of Turning Point Brands, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.1**</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">Exchange and Sale Agreement between North Atlantic Holding Company, Inc. and Standard General for PIK Notes.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.2**</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">Exchange Agreement between Turning Point Brands, Inc. and Standard General for 7% Senior Notes. </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.3*</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">Exchange Agreement between North Atlantic Holding Company, Inc. and certain holders of the 7% Senior Notes dated November 4, 2015 (incorporated by reference to Exhibit 10.39 of the Registrant&rsquo;s Registration Statement on Form S-1 (File No.333-207816) filed on November 24, 2015).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.4**</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Intrepid Brands LLC Warrant Repurchase Agreement, dated May 10, 2016</FONT><FONT STYLE="font-size: 10pt">.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.5*</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Amendment No. 1 to the Turning Point Brands, Inc. Stockholders&rsquo; Agreement, dated April 28, 2016 </FONT><FONT STYLE="font-size: 10pt">(incorporated by reference to Exhibit 10.44 of the Registrant&rsquo;s Registration Statement on Form S-1 (File No.333-207816) filed on April 28, 2016)<FONT STYLE="font-family: Times New Roman, Times, Serif">.</FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.6**</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">Indemnification Agreement between Turning Point Brands, Inc. and Standard General, dated May 10, 2016.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.7*</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">Form of Indemnification Agreement between Turning Point Brands, Inc. and certain directors and officers (incorporated by reference to Exhibit 10.39 of the Registrant&rsquo;s Registration Statement on Form S-1 (File No.333-207816) filed on November 24, 2015).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.8**</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Amendment No. 1 to the Employment Agreement between Turning Point Brands, Inc. and Thomas F. Helms, Jr., dated December 4, 2015.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.9**</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">2016 Employment Agreement between Turning Point Brands, Inc. and Lawrence Wexler, dated November 23, 2015.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.10**</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">2016 Employment Agreement between Turning Point Brands, Inc. and James Dobbins, dated November 23, 2015.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.11**</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">2016 Employment Agreement between Turning Point Brands, Inc. and Mark Stegeman, dated November 23, 2015.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">*</TD><TD STYLE="text-align: justify">Incorporated by reference.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">**</TD><TD STYLE="text-align: justify">Filed herewith.</TD>
</TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">SIGNATURES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 148.1pt 0pt 147.75pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>TURNING POINT BRANDS, INC.</B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ James Dobbins</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>James Dobbins</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Senior Vice President, General Counsel and Secretary</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.05pt 0pt 6pt"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.05pt 0pt 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">Dated: May 16, 2016</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>EXHIBIT INDEX</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 148.1pt 0pt 145.95pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 148.1pt 0pt 145.95pt; text-align: center"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.1**</FONT></TD>
    <TD STYLE="width: 2%; padding-top: 0.25pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 90%; text-align: left; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Underwriting Agreement amongst Turning Point Brands, Inc., Cowen and Company, LLC and FBR Capital Markets &amp; Co., dated May 10, 2016. </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 0.25pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">3.1**</TD>
    <TD STYLE="padding-right: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">Second Amended and Restated Certificate of Incorporation.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 0.1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">3.2*</TD>
    <TD STYLE="padding-right: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">Amended and Restated By-laws (incorporated by reference to Exhibit 3.3 of the Registrant&rsquo;s Registration Statement on Form S-1 (File No.333-207816) filed on November 24, 2015).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 0.1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">4.1</FONT>**</TD>
    <TD STYLE="padding-right: 18.9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">Registration Rights Agreement of Turning Point Brands, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 18.9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.1**</TD>
    <TD STYLE="padding-right: 18.9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">Exchange and Sale Agreement between North Atlantic Holding Company, Inc. and Standard General for PIK Notes.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 18.9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.2**</TD>
    <TD STYLE="padding-right: 18.9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">Exchange Agreement between Turning Point Brands, Inc. and Standard General for 7% Senior Notes. </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.3*</TD>
    <TD STYLE="padding-right: 18.9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">Exchange Agreement between North Atlantic Holding Company, Inc. and certain holders of the 7% Senior Notes dated November 4, 2015 (incorporated by reference to Exhibit 10.39 of the Registrant&rsquo;s Registration Statement on Form S-1 (File No.333-207816) filed on November 24, 2015).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.4**</TD>
    <TD STYLE="padding-right: 18.9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Intrepid Brands LLC Warrant Repurchase Agreement, dated May 10, 2016</FONT><FONT STYLE="font-size: 10pt">.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 18.9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.5*</TD>
    <TD STYLE="padding-right: 18.9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Amendment No. 1 to the Turning Point Brands, Inc. Stockholders&rsquo; Agreement, dated April 28, 2016 </FONT><FONT STYLE="font-size: 10pt">(incorporated by reference to Exhibit 10.44 of the Registrant&rsquo;s Registration Statement on Form S-1 (File No.333-207816) filed on April 28, 2016)<FONT STYLE="font-family: Times New Roman, Times, Serif">.</FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.6**</TD>
    <TD STYLE="padding-right: 18.9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">Indemnification Agreement between Turning Point Brands, Inc. and Standard General, dated May 10, 2016.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.7*</TD>
    <TD STYLE="padding-right: 18.9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">Form of Indemnification Agreement between Turning Point Brands, Inc. and certain directors and officers (incorporated by reference to Exhibit 10.39 of the Registrant&rsquo;s Registration Statement on Form S-1 (File No.333-207816) filed on November 24, 2015).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.8**</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Amendment No. 1 to the Employment Agreement between Turning Point Brands, Inc. and Thomas F. Helms, Jr., dated December 4, 2015.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.9**</TD>
    <TD STYLE="padding-right: 18.9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">2016 Employment Agreement between Turning Point Brands, Inc. and Lawrence Wexler, dated November 23, 2015.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.10**</TD>
    <TD STYLE="padding-right: 18.9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">2016 Employment Agreement between Turning Point Brands, Inc. and James Dobbins, dated November 23, 2015.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.11**</TD>
    <TD STYLE="padding-right: 18.9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">2016 Employment Agreement between Turning Point Brands, Inc. and Mark Stegeman, dated November 23, 2015.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
</TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 148.1pt 0pt 145.95pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 148.1pt 0pt 145.95pt; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 148.1pt 0pt 145.95pt; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">*</TD><TD STYLE="text-align: justify">Incorporated by reference.</TD>
</TR></TABLE>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">**</TD><TD STYLE="text-align: justify">Filed herewith.</TD>
</TR></TABLE>

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[{"type": "8-K", "sequence": "1", "filename": "s001305x1_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 55450}]
{"company-data": {"conformed-name": "Turning Point Brands, Inc.", "cik": "0001290677", "assigned-sic": "2100", "irs-number": "133961898", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-37763", "film-number": "161654706"}, "business-address": {"street1": "5201 INTERCHANGE WAY", "city": "LOUISVILLE", "state": "KY", "zip": "40229", "phone": "(502) 778-4421"}, "mail-address": {"street1": "5201 INTERCHANGE WAY", "city": "LOUISVILLE", "state": "KY", "zip": "40229"}, "former-company": {"former-conformed-name": "North Atlantic Holding Company, Inc.", "date-changed": "20040517"}}
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): May 10, 2016
Turning
Point Brands, Inc.
(Exact name of registrant as specified
in its charter)
Delaware
001-37763
20-0709285
(State or
other jurisdiction of incorporation)
(Commission File No.)
(IRS Employer
Identification No.)
5201 Interchange
Way
Louisville, Kentucky 40229
(Address of principal executive
offices)
(502) 778-4421
(Registrant's telephone number,
including area code)
NOT APPLICABLE
(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 (
see
General Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
Underwriting Agreement
On May 10,
2016, Turning Point Brands, Inc. (the "Company" or "we" or "us") entered into an
underwriting agreement (the "Underwriting Agreement") with Cowen and Company, LLC and FBR Capital Markets &
Co. relating to the Company's initial public offering (the "Offering") of its common stock, par value $0.01
per share (the "Common Stock"). Pursuant to the Underwriting Agreement, the Company agreed to sell 5,400,000
shares of its Common Stock and provide for an overallotment option of 810,000 shares (the "Overallotment Option")
of Common Stock to the Underwriters. The initial public offering price was $10.00 per share. The Underwriting Agreement
includes customary representations, warranties and covenants by the Company and the Underwriters. It also provides that the
Company will indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933,
as amended, or contribute to payments the Underwriters may be required to make because of any of those liabilities.
The Offering, closed on May 13, 2016 (the "Closing Date"). As of the date hereof, the underwriters have not
exercise their overallotment option. The Company used the proceeds from the Offering to pay fees and expenses related to the
offering, repurchase warrants and options issued by its subsidiary, Intrepid Brands LLC ("Intrepid"), repay
approximately $34 million of its floating rate PIK Toggle Notes due 2021 (the "PIK Toggle Notes") not exchanged
for Common Stock as more fully-described below and used the remaining proceeds to repay a portion of the borrowings
outstanding under its second lien credit facility.
In
connection with the Offering, the Company entered into a number of agreements, which were disclosed in its Registrant
Statement on Form S-1 (File No. 333-207816) (the "Registration Statement") and are also described below:
Registration Rights Agreement
In connection with the Offering,
the Company entered into a registration rights agreement (the "Registration Rights Agreement") with certain existing
stockholders. Under the Registration Rights Agreement, at any time following the 180-day lock-up period following the Offering,
subject to certain exceptions, including underwriter cutbacks, limitations on offering size and the Company's right to defer
a demand registration under certain circumstances, certain parties to the Registration Rights Agreement can require that the Company
register for resale their shares of Common Stock.
The Registration Rights Agreement also includes customary
piggyback rights for parties thereto in connection with registrations by the Company, including registrations filed in connection
with a demand registration. Piggyback registration rights are subject to customary underwriter cutback provisions.
The Registration Rights Agreement includes customary
covenants by the Company. It also provides that the Company will indemnify certain "Designated Stockholders" against
certain liabilities, including liabilities under the Securities Act of 1933, as amended, or contribute to payments that
the Designated Stockholders may be required to make because of any of those liabilities.
Exchange and Sale Agreement for PIK Notes
In connection
with the Offering, the Company entered into an exchange agreement with Standard General L.P. (together with the funds it
manages, "Standard General") pursuant to which the Company agreed to exchange for Common Stock the PIK Toggle
Notes that were not repaid with a portion of the proceeds from the Offering attributable to Standard General's anchor
order (the "Exchange Agreement for PIK Notes"). Under the Exchange Agreement for PIK Notes, Standard General
exchanged approximately $29.4 million in accreted value of PIK Toggle Notes (including PIK Toggle Notes subject to Fort
George Investments, LLC's ("Fort George") participation interest, for approximately 3,168,438 shares of
Common Stock (equivalent to a conversion price equal to the price paid by the underwriters for the shares in the Offering) of
which 440,176 shares were issued to Fort George, in respect of its participation interest.
Exchange Agreements for 7% Senior Notes
In connection with the Offering, the Company entered
into an exchange agreement (the "7% Senior Note Exchange Agreement") with certain holders (the "7% Exchanging
Holders") of its 7% Senior PIK Toggle Notes due 2023 (the "7% Senior Notes") as well into an exchange agreement
(the "7% Standard General Exchange Agreement" and, together with the 7% Senior Note Exchange Agreement, the "7%
Senior Noteholder Agreements") with Standard General, pursuant to which the Company agreed to exchange the 7% Senior Notes
subject to the agreements for Common Stock at a price equal to the price to the public in the Offering. Concurrently
with the Closing of the Offering, the Company exchanged approximately $11.2 million in aggregate accreted value of the 7% Senior
Notes for approximately 1.2 million shares of its Common Stock. The 7% Senior Noteholder Agreements each include certain representations,
warranties and covenants by the Company, the 7% Senior Noteholders and Standard General, as applicable.
Warrant Purchase Agreement
On May 10,
2016, the Company entered into an agreement (the "Warrant Purchase Agreement") with holders of warrants to
purchase common units of Intrepid (the "Intrepid Warrantholders") to repurchase the warrants held by such
holders with proceeds from the Offering. On May 13, 2016, the Company purchased approximately 9.4 million Intrepid Warrants
from the Intrepid Warrantholders party to the Warrant Purchase Agreement for $0.50 per Warrant. The Warrant
Purchase Agreement includes certain representations and warranties by the Company and the Intrepid Warrantholders, and
covenants by the Intrepid Warrantholders.
Amendment to the Stockholders' Agreement
On April 28,
2016, the Company amended its Stockholders Agreement dated June 25, 1997, as amended by the Amended and Restated
Stockholders' Agreement dated February 9, 2004 (the "Amendment to the Stockholders' Agreement"). The
Company, North Atlantic Trading Company, Inc., a wholly owned subsidiary of the Company, and certain stockholders of the
Company amended the Stockholders' Agreement to provide for restrictions similar to those in the lock up agreements the
Company's executive officers and directors entered into with the Underwriters in connection with the Offering with
respect to any shares of Common Stock held by the parties to the Stockholders' Agreement. Pursuant to the Amendment to
the Stockholders' Agreement, all other substantive provisions of the Stockholders' Agreement terminated upon the
consummation of the Offering and the Stockholders' Agreement will terminate in its entirety upon the expiration of the
180-day lock-up period.
Indemnification Agreements
On May 10, 2016, the Company entered into indemnification
agreements (the "Indemnification Agreements") with each of its executive officers and directors and with Standard General.
These agreements provide that the Company will indemnify the applicable executive officer, director or Standard General to the
fullest extent permitted by law in connection with their service to the Company or on the Company's behalf.
The foregoing
descriptions of the Underwriting Agreement, Registration Rights Agreement, Exchange Agreement for PIK Toggle Notes, 7%
Standard General Exchange Agreement, 7% Senior Note Exchange Agreement, Warrant Purchase Agreement, Amendment to
the Stockholders' Agreement and Indemnification Agreements do not purport to be complete and are qualified in their
entirety by reference to of the full agreements which are filed as Exhibits 1.1, 4.1, 10.1, 10.2, 10.3, 10.4, 10.5, 10.6 and
10.7 hereto, respectively, and incorporated by reference herein.
Item 3.02 Unregistered Sale of Equity Securities
As described in Item
1.01, the Company issued approximately 3.1 million shares of its common stock in exchange for a portion of the PIK Toggle Notes
and approximately 1.2 million shares of its Common Stock in exchange for apportion of the 7% Senior Notes. These issuances of Common
Stock were made in reliance on the
exemption from registration provided by S
ection 4(a)(2)
of the Securities Act of 1933.
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 4,
2015 the Company entered into an amendment to the 2008 Amended and Restated Employment Agreement (the "2008
Agreement") with Thomas F. Helms, Jr. to terminate the 2008 Agreement (the "Amendment"). Pursuant to the
Amendment, which went into effect immediately prior to consummation of the Offering, Mr. Helms' employment and the 2008
Agreement have been terminated. Neither the Company nor Mr. Helms have any further rights, obligations or duties under the
2008 Agreement, except that any rights Mr. Helms has to indemnification by the Company survive the termination of the 2008
Agreement. In consideration of the Amendment, the Company will pay Mr. Helms $298,312 shortly following the closing of the
Offering and an additional $298,312 on the three-month anniversary of the closing of the Offering. Mr. Helms continues to
serve as the Company's non-executive chairman.
On November 23, 2015, the Company entered into new
employment agreements with each of Lawrence Wexler and James Dobbins (the "2016 Employment Agreements"), the effectiveness
of which was contingent on the consummation of the Offering. As more fully described in the Company's Registration Statement,
the 2016 Employment Agreements provide for an initial term of one year, subject to automatic extensions for successive one-year
terms unless earlier terminated, or unless either party provides notice of non-renewal at least 60 days prior to the end of the
applicable term. Pursuant to the 2016 Employment Agreements, Mr. Wexler is entitled to receive an annual base salary of $722,925
and Mr. Dobbins is entitled to receive an annual base salary of $365,271, subject to adjustment by the board of directors. Each
of Messrs. Wexler and Dobbins will be eligible to receive an annual cash bonus award, with a target bonus opportunity equal to
100% of base salary for Mr. Wexler and 50% of base salary for Mr. Dobbins.
On November 23, 2015, the Company entered into a new
employee agreement with Mark Stegeman (the "2016 Stegeman Agreement"), the effectiveness of which was contingent on
the consummation of the Offering. The 2016 Stegeman Agreement provides for an initial term of one year, subject to automatic extensions
for successive one-year terms unless earlier terminated, or unless either party provides notice of non-renewal at least 60 days
prior to the end of the applicable term. Pursuant to the 2016 Stegeman Agreement, Mr. Stegeman is entitled to receive an annual
base salary of $350,000, subject to adjustment by the board of directors. Mr. Stegeman will be eligible to receive an annual cash
bonus award, with a target bonus opportunity equal to 50% of his base salary.
The foregoing
descriptions of the Amendment, the 2016 Employment Agreements and the 2016 Stegeman Agreement do not purport to be complete
and are qualified in their entirety by reference to each of the 2016 Employment Agreements and the 2016 Stegeman Agreement,
copies of which are filed as Exhibits 10.8, 10.9, 10.10 and 10.11 hereto, respectively, and incorporated by
reference herein.
Item 5.03 Amendments to Articles
of Incorporation or Bylaws; Change in Fiscal Year.
As more fully described in the Company's
Registration Statement, on May 12, 2016, the Company amended and restated its Certificate of Incorporation (the "Second Amended
and Restated Certificate of Incorporation") and amended and restated its By-Laws.
The descriptions of the Second Amended and Restated
Certificate of Incorporation and the By-Laws are qualified in their entirety by reference to the full text of the Second Amended
and Restated Certificate of Incorporation and the By-Laws, attached hereto as Exhibits 3.1 and 3.2, respectively.
Item 9.01 Financial
Statements and Exhibits
(d) Exhibits
Exhibit
    No.
Description
1.1**
Underwriting Agreement amongst Turning Point Brands, Inc., Cowen and Company, LLC and FBR Capital Markets & Co., dated May 10, 2016.
3.1**
Second Amended and Restated Certificate of Incorporation.
3.2*
Amended and Restated By-laws (incorporated by reference to Exhibit 3.3 of the Registrant's Registration Statement on Form S-1 (File No.333-207816) filed on November 24, 2015).
4.1
**
Registration Rights Agreement of Turning Point Brands, Inc.
10.1**
Exchange and Sale Agreement between North Atlantic Holding Company, Inc. and Standard General for PIK Notes.
10.2**
Exchange Agreement between Turning Point Brands, Inc. and Standard General for 7% Senior Notes.
10.3*
Exchange Agreement between North Atlantic Holding Company, Inc. and certain holders of the 7% Senior Notes dated November 4, 2015 (incorporated by reference to Exhibit 10.39 of the Registrant's Registration Statement on Form S-1 (File No.333-207816) filed on November 24, 2015).
10.4**
Intrepid Brands LLC Warrant Repurchase Agreement, dated May 10, 2016
.
10.5*
Amendment No. 1 to the Turning Point Brands, Inc. Stockholders' Agreement, dated April 28, 2016
(incorporated by reference to Exhibit 10.44 of the Registrant's Registration Statement on Form S-1 (File No.333-207816) filed on April 28, 2016)
.
10.6**
Indemnification Agreement between Turning Point Brands, Inc. and Standard General, dated May 10, 2016.
10.7*
Form of Indemnification Agreement between Turning Point Brands, Inc. and certain directors and officers (incorporated by reference to Exhibit 10.39 of the Registrant's Registration Statement on Form S-1 (File No.333-207816) filed on November 24, 2015).
10.8**
Amendment No. 1 to the Employment Agreement between Turning Point Brands, Inc. and Thomas F. Helms, Jr., dated December 4, 2015.
10.9**
2016 Employment Agreement between Turning Point Brands, Inc. and Lawrence Wexler, dated November 23, 2015.
10.10**
2016 Employment Agreement between Turning Point Brands, Inc. and James Dobbins, dated November 23, 2015.
10.11**
2016 Employment Agreement between Turning Point Brands, Inc. and Mark Stegeman, dated November 23, 2015.
*
Incorporated by reference.
**
Filed herewith.
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.
TURNING POINT BRANDS, INC.
By:
/s/ James Dobbins
Name:
James Dobbins
Title:
Senior Vice President, General Counsel and Secretary
Dated: May 16, 2016
EXHIBIT INDEX
1.1**
Underwriting Agreement amongst Turning Point Brands, Inc., Cowen and Company, LLC and FBR Capital Markets & Co., dated May 10, 2016.
3.1**
Second Amended and Restated Certificate of Incorporation.
3.2*
Amended and Restated By-laws (incorporated by reference to Exhibit 3.3 of the Registrant's Registration Statement on Form S-1 (File No.333-207816) filed on November 24, 2015).
4.1
**
Registration Rights Agreement of Turning Point Brands, Inc.
10.1**
Exchange and Sale Agreement between North Atlantic Holding Company, Inc. and Standard General for PIK Notes.
10.2**
Exchange Agreement between Turning Point Brands, Inc. and Standard General for 7% Senior Notes.
10.3*
Exchange Agreement between North Atlantic Holding Company, Inc. and certain holders of the 7% Senior Notes dated November 4, 2015 (incorporated by reference to Exhibit 10.39 of the Registrant's Registration Statement on Form S-1 (File No.333-207816) filed on November 24, 2015).
10.4**
Intrepid Brands LLC Warrant Repurchase Agreement, dated May 10, 2016
.
10.5*
Amendment No. 1 to the Turning Point Brands, Inc. Stockholders' Agreement, dated April 28, 2016
(incorporated by reference to Exhibit 10.44 of the Registrant's Registration Statement on Form S-1 (File No.333-207816) filed on April 28, 2016)
.
10.6**
Indemnification Agreement between Turning Point Brands, Inc. and Standard General, dated May 10, 2016.
10.7*
Form of Indemnification Agreement between Turning Point Brands, Inc. and certain directors and officers (incorporated by reference to Exhibit 10.39 of the Registrant's Registration Statement on Form S-1 (File No.333-207816) filed on November 24, 2015).
10.8**
Amendment No. 1 to the Employment Agreement between Turning Point Brands, Inc. and Thomas F. Helms, Jr., dated December 4, 2015.
10.9**
2016 Employment Agreement between Turning Point Brands, Inc. and Lawrence Wexler, dated November 23, 2015.
10.10**
2016 Employment Agreement between Turning Point Brands, Inc. and James Dobbins, dated November 23, 2015.
10.11**
2016 Employment Agreement between Turning Point Brands, Inc. and Mark Stegeman, dated November 23, 2015.
*
Incorporated by reference.
**
Filed herewith.