-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LhfhVdd9NbWYdQZvbX4OLYB/YmoNWUty2UECWckPdqfttNPM2rHMwwo6WKAq4BH3 7S8JsAbzNqYbeXg8U6L/6A== 0001157523-04-002296.txt : 20040312 0001157523-04-002296.hdr.sgml : 20040312 20040312110235 ACCESSION NUMBER: 0001157523-04-002296 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040312 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20040312 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JAKKS PACIFIC INC CENTRAL INDEX KEY: 0001009829 STANDARD INDUSTRIAL CLASSIFICATION: GAMES, TOYS & CHILDREN'S VEHICLES (NO DOLLS & BICYCLES) [3944] IRS NUMBER: 954527222 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28104 FILM NUMBER: 04664535 BUSINESS ADDRESS: STREET 1: 22761 PACIFIC COAST HWY STREET 2: #B202 CITY: MALIBU STATE: CA ZIP: 90265 BUSINESS PHONE: 3104567799 MAIL ADDRESS: STREET 1: 22761 PACIFIC COAST HWY STREET 2: B202 CITY: MALIBU STATE: CA ZIP: 90265 8-K 1 a4592789.txt JAKKS PACIFIC, INC. 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): March 12, 2004 (March 12, 2004) JAKKS PACIFIC, INC. (Exact Name of registrant as specified in its charter) Delaware 0-28104 95-4527222 (State or other (Commission File Number) (I.R.S. Employer jurisdiction of Identification No.) incorporation) 22619 Pacific Coast Highway 90265 Malibu, California (Zip Code) (Address of principalexecutive offices) Registrant's telephone number, including area code: (310) 456-7799 JAKKS PACIFIC, INC. INDEX TO FORM 8-K FILED WITH THE SECURITIES AND EXCHANGE COMMISSION March 12, 2004 ITEMS IN FORM 8-K ----------------- Page ---- Facing Page 1 Item 7. Financial Statements and Exhibits 3 Item 9. Regulation FD Disclosure 3 Signatures 4 Exhibit Index 5 2 Item 7. Financial Statements and Exhibits. (c) Exhibits Exhibit Number Description ------- ----------- 99.1* March 12, 2004 Press Release ----------------------------- * Filed herewith Item 9. Regulation FD Disclosure. In accordance with the interim guidance issued by the Commission on March 27, 2003 in Final Rule Release No. 33-8216, the information reported in this Report is being provided under Item 12. On March 12, 2004, the Company issued a press release announcing that a non-cash charge for stock grants which it announced in its February 17, 2004 press release it anticipated would be incurred in 2004, was, after further consideration of the accounting treatment of such awards, in particular the determination of the measurement date, incurred in the fourth quarter of 2003, reducing the Company's previously announced earnings for the quarter and year ended December 31, 2003. A copy of such March 12, 2004 release is annexed as an exhibit and is incorporated by reference hereto in its entirety. 3 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. Dated: March 12, 2004 JAKKS PACIFIC, INC. By: /s/ Jack Friedman - ----------------------- Jack Friedman Chairman and Chief Executive Officer 4 Exhibit Index Exhibit Number Description 99.1* March 12, 2004 Press Release ----------------------------- * Filed herewith 5 EX-99 3 a4592789ex99.txt PRESS RELEASE Exhibit 99.1 JAKKS Pacific Reports 2004 Anticipated Non-Cash Charge for Stock Grants to Be Realized in 2003 MALIBU, Calif.--(BUSINESS WIRE)--March 12, 2004--JAKKS Pacific, Inc. (Nasdaq:JAKK), a leading multi-brand company that designs and markets a broad range of toys, leisure products, craft and writing instruments, announced its results of operations on February 17, 2004, for the fourth quarter and the year ended December 31, 2003, and stated that a non-cash, stock-based compensation expense of $8.3 million related to restricted stock grants would be incurred by the Company in the first quarter of 2004. After further consideration of the accounting treatment of such awards, in particular the determination of the measurement date, the Company determined that the $8.3 million non-cash, stock-based compensation related to the restricted stock grants were properly incurred by the Company in the fourth quarter of 2003, rather than in the first quarter of 2004. Consequently, the incurring of the non-cash charge for the restricted stock grants, which amounted to $8.4 million, or $5.2 million net of tax, in the fourth quarter of 2003 reduced the Company's previously announced net income for the fourth quarter of $7.1 million, or $0.29 per diluted share, and net income for the year of $25.9 million, or $1.05 per diluted share, to net income for the fourth quarter of 2003 of $1.9 million, or $0.08 per diluted share, and net income for the year 2003 of $20.7 million, or $0.83 per diluted share. The financial results and related disclosures contained in the Company's report on Form 10-K for the year ended December 31, 2003, which the Company expects to file on March 15, 2004, will include the non-cash charge for these restricted stock awards. About JAKKS Pacific, Inc. JAKKS Pacific, Inc. is a multi-brand company that designs and markets a broad range of toys and leisure products. The product categories include: Action Figures, Arts & Crafts Activity Kits, Stationery, Writing Instruments, Performance Kites, Water Toys, Sports Activity Toys, Vehicles, Infant/Pre-School, Plush and Dolls. The products are sold under various brand names, including Flying Colors(R), Road Champs(R), Remco(R), Child Guidance(R), Pentech(R), Trendmasters(R), Toymax(R), Funnoodle(R), Go Fly a Kite(R) and JPI Color Workshop(TM). The Company also participates in a joint venture with THQ Inc. that has exclusive worldwide rights to publish and market World Wrestling Entertainment video games. For further information, visit www.jakkspacific.com. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual future results or events may vary materially from those described herein. CONTACT: JAKKS Pacific, Inc. Genna Goldberg, 310-455-6235 or Integrated Corporate Relations John F. Mills, 310-295-2215 -----END PRIVACY-ENHANCED MESSAGE-----