-----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, JwBYTg5eR5v5Q/bgU0pUW0NyGHHED4O7vPCK1oEWvKEcntaijSqI7lN63dgTT10v 6HEtfOE7We5kkaXQXbgCVQ== 0000058592-10-000023.txt : 20100601 0000058592-10-000023.hdr.sgml : 20100531 20100601112333 ACCESSION NUMBER: 0000058592-10-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100527 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100601 DATE AS OF CHANGE: 20100601 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: 10868539 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 form8k052710.htm FORM 8-K DATED MAY 27, 2010



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 26, 2010

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 3.01     Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

As previously reported, on May 12, 2010 the New York Stock Exchange (the “NYSE”) issued a press release announcing the commencement of suspension procedures with respect to the common stock (“Common Stock”) of 4Kids Entertainment, Inc.’s (the “Company”). The Company has determined not to request a review of the NYSE’s determination.

On May 26, 2010, the NYSE announced that NYSE trading in its common stock will be suspended prior to the opening of trading on Tuesday, June 1, 2010 and that following such suspension, the NYSE would apply to the Securities and Exchange Commission to delist the common stock. Beginning with the opening of trading at 9:30 AM on June 1, 2010, 4Kids Entertainment, Inc.'s common stock will trade under the new Stock symbol KIDE on the OTC Bulletin Board (“OTCBB”) market.

 

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 May 28, 2010



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:  June 1, 2010

4KIDS ENTERTAINMENT, INC.


BY: /s/ Bruce R. Foster

Bruce R. Foster
Executive Vice President and
Chief Financial Officer

EX-99 2 pressreleasenyse05272010.htm PRESS RELEASE DATED MAY 27, 2010

INVESTOR CONTACTS:

Todd Fromer / Garth Russell

KCSA Strategic Communications

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

tfromer@kcsa.com / grussell@kcsa.com

 

 

4Kids Entertainment, Inc. Common Stock to Move from New York Stock Exchange to

OTC Bulletin Board Market

- - -

4Kids common stock to trade under new symbol “KIDE” beginning on Tuesday, June 1, 2010

 

NEW YORK, May 28, 2010 – 4Kids Entertainment, Inc. (NYSE: KDE), a global provider of children’s entertainment and merchandise licensing, today announced that New York Stock Exchange (“NYSE”) trading in its common stock will be suspended prior to the opening of trading on Tuesday, June 1, 2010. Beginning with the opening of trading at 9:30 AM on June 1, 2010, the 4Kids Entertainment common stock will trade under the new Stock symbol “KIDE” on the OTC Bulletin Board (“OTCBB”) market. The Company reported that it elected not to challenge the May 12, 2010 determination by the Committee of the Board of Directors of NYSE Regulation (the "Committee") that the common stock of 4Kids Entertainment, Inc. should be suspended from trading on the NYSE on account of the Company’s failure to comply with the NYSE listing standard requiring listed companies to maintain average global market capitalization of $15 million over a consecutive 30 day trading period.

 

Over-the-counter trading in the 4Kids Entertainment common stock will be carried out by market makers in the company's stock, including UBS, E-Trade and Citigroup, using inter-dealer quotation services. The Company has made arrangements with Standard & Poor's for this rating service and research organization to provide information to broker-dealers regarding 4Kids Entertainment, Inc.

 

“In view of the restructuring and downsizing of 4Kids, the Company no longer satisfies certain listing criteria for New York Stock Exchange traded companies,” said Alfred R. Kahn, Chairman and Chief Executive Officer of 4Kids Entertainment, Inc. “We, therefore, have made arrangements for the Company's common stock to trade on the OTCBB market beginning at the opening of trading on June 1, 2010. We expect the transition to the over-the-counter market from the New York Stock Exchange to be seamless for our stockholders and for the investment community,” concluded Kahn.

 

About 4Kids Entertainment, Inc.

 

With U.S. headquarters in New York City, regional offices for its trading card business in San Diego, California and international offices in London, 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.

 

Through its subsidiaries, 4Kids produces animated television series and films, distributes 4Kids’ produced or licensed animated television series for the domestic and international television and home video markets, licenses merchandising rights worldwide to 4Kids’ owned or represented properties, operates Websites to support 4Kids’ owned or represented properties, and produces and markets collectible trading card games. Additionally, the Company programs and sells the national advertising time in “TheCW4Kids” five-hour Saturday morning block on The CW television network.

 

Additional information is available on the www.4KidsEntertainment.com corporate Website 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 the Private Securities Litigation Reform Act of 1995. 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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