-----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, DhuoDr9FZ2lVxmo5rSh9TwvCRy2NubELgz27v04qvgmjmzrUBMxiIVBmgZF8lKnx isu7RGoPKmIrPtZkJbQhNQ== 0000058592-09-000049.txt : 20091021 0000058592-09-000049.hdr.sgml : 20091021 20091021092139 ACCESSION NUMBER: 0000058592-09-000049 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20091020 ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20091021 DATE AS OF CHANGE: 20091021 FILER: COMPANY DATA: COMPANY CONFORMED NAME: 4 KIDS ENTERTAINMENT INC CENTRAL INDEX KEY: 0000058592 STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794] IRS NUMBER: 132691380 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16117 FILM NUMBER: 091129252 BUSINESS ADDRESS: STREET 1: 1414 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2127587666 MAIL ADDRESS: STREET 1: 1414 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: LEISURE CONCEPTS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN LEISURE INDUSTRIES INC DATE OF NAME CHANGE: 19740822 8-K 1 form8k1020009tmnt.htm FORM 8-K DATED OCT 20, 2009 - TMNT



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): October 20, 2009

Commission file number 0-7843

4Kids Entertainment, Inc.
(Exact name of Registrant as specified in its charter)

New York
(State or other jurisdiction of
incorporation or organization) 		13-2691380
(I.R.S. Employer
Identification No.)

1414 Avenue of the Americas
New York, New York 10019
(212) 758-7666
(Address, including zip code, and telephone number, including area code,
of Registrant’s principal executive offices)

 

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 1.01  Termination of a Material Definative Agreement

The On October 21, 2009, 4Kids Entertainment, Inc. (the "Company") issued a press release reporting that on October 20, 2009, the Mirage Group, owners of the Teenage Mutant Ninja Turtles property, sold the iconic brand to Nickelodeon, part of MTV Networks, a division of Viacom Inc. In connection with the sale, the Company has received a payment of approximately $9.75 million in consideration of its agreement to terminate its right to serve as the merchandise licensing agent for the property prior to the scheduled expiration of the representation agreement between it and the Mirage Group in 2012. 4Kids may also receive up to an additional $1 million depending on the performance of the property through June 30, 2010. A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements, Pro Forma Financial Information and Exhibits.

              (c) Exhibits

            Exhibit                                                                       Description

99.1                                    Press release issued by 4Kids Entertainment, Inc. dated October 21, 2009



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.

Date:  October 21, 2009

4KIDS ENTERTAINMENT, INC.


BY: /s/ Bruce R. Foster

Bruce R. Foster
Executive Vice President and
Chief Financial Officer

EX-99 2 pressreleasetmnt102009.htm PRESS RELEASE DATED OCT 21, 2009

 

 

INVESTOR CONTACTS:

MEDIA CONTACT:

 

Todd Fromer / Garth Russell

Barry Stagg

 

KCSA Strategic Communications

4Kids Entertainment

 

(212) 896-1215 / (212) 896-1250

(646) 822-4257

 

tfromer@kcsa.com / grussell@kcsa.com

bstagg@4kidsent.com

 

 

The Mirage Group Sells Teenage Mutant Ninja Turtles™ to Nickelodeon

- - -

4Kids Entertainment to End Long-Standing Relationship as Teenage Mutant Ninja Turtles™ Licensing Agent and Production Partner

 

New York (October 21, 2009) – As previously announced, The Mirage Group, owners of the Teenage Mutant Ninja Turtles™ property, have sold the iconic brand to Nickelodeon – part of MTV Networks, a division of Viacom Inc. (NYSE: VIA, VIA.B). 4Kids Entertainment (NYSE: KDE) has received a payment of approximately $9.75 million at the Closing in consideration of its agreement to terminate its right to serve as the merchandise licensing agent prior to the scheduled expiration of the representation agreement in 2012. 4Kids may also receive an additional $1 million upon expiration of the escrow relating to the transaction.

 

The sale of the Turtles property, which has achieved popularity across the world, comes in its 25th anniversary year, with The Teenage Mutant Ninja Turtles having made their debut in an eponymous comic by TMNT co-creators Kevin Eastman and Peter Laird in May 1984. In the quarter century that followed, the Turtles brand embraced nearly every medium and product form: four of the most successful independent theatrical motion pictures of all time, over 350 half-hours of TV programming, Top 10 all-time sales status for worldwide sales of toy action figures, and over 600 worldwide merchandise licensees.

 

“This is a great deal for all parties,” said Alfred R. Kahn, Chairman and CEO of 4Kids Entertainment, Inc. “We congratulate our partners at Mirage on the sale of the Teenage Mutant Ninja Turtles to Nickelodeon and on their gracious recognition of the contribution made by 4Kids to re-launch the Teenage Mutant Ninja Turtles franchise in 2002 for a new generation of kids around the world. We also congratulate Nickelodeon on acquiring the rights to an outstanding boys’ property.”

 

“From 4Kids’ perspective, we received a $9.75 million capital injection at the Closing and a share of Turtles royalties through June 30, 2010,” added Kahn. “4Kids will also continue to air the Teenage Mutant Ninja Turtles television episodes that it co-produced with Mirage in “TheCW4Kids” block on the CW Network through the end of the 2009-2010 broadcast season."

 

4Kids, Mirage and Viacom will work together so that Turtles broadcast and merchandise licensees can be assured of a seamless transition which is expected to be completed by the end of the second quarter of 2010.

 

About The Mirage Group

The Mirage Group is a group of companies, including Mirage Studios, Inc., located in Northampton, Massachusetts, that owned and managed the Teenage Mutant Ninja Turtles property from its creation in 1984 through 2009.

 

About 4Kids Entertainment

Master licensing agent for Teenage Mutant Ninja Turtles, 4Kids Entertainment, Inc. (NYSE: KDE), is a global organization devoted to the creation, development, production, broadcasting, distribution, licensing and manufacturing of children’s entertainment products, with U.S. headquarters in New York City, regional offices for its trading card business in San Diego, California and international offices in London and Hong Kong. Additional information is available on the www.4kidsentertainment.com corporate Web site and at the www.4kids.tv game station site.

 

The information contained in this press release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors beyond the Company's control, including general economic conditions, consumer spending levels, competition from toy companies, motion picture studios and other licensing companies, the uncertainty of public response to the Company's properties and other factors could cause actual results to differ materially from the Company's expectations.

 

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