-----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, DOLe7gevGKST4sUCYhak7DYxOkFqoqd4cZxQlSk+THayZZ7pgkEi7dKZ/RuBQuJk eUoPc+GngsIcH4fj6W7iQw== 0000891092-03-001092.txt : 20030515 0000891092-03-001092.hdr.sgml : 20030515 20030515163114 ACCESSION NUMBER: 0000891092-03-001092 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030514 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030515 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: 03705179 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 e14867_8k.txt FORM 8-K ================================================================================ 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 14, 2003 4KIDS ENTERTAINMENT, INC. (Exact name of registrant as specified in its charter) New York 0-7843 13-2691380 (State or other (Commission (IRS Employer jurisdiction File Number) Identification No.) of incorporation) 1414 Avenue of the Americas, New York, New York 10019 (Address of principal executive offices) (Zip Code) (212) 758-7666 (Registrant's telephone number, including area code ) Not applicable (Former name or former address, if changed since last report) ================================================================================ Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits Exhibit Description - ------- ----------- 99.1 Press release issued by 4Kids Entertainment, Inc. dated May 14, 2003 Item 9. Regulation FD Disclosure The following information (including the exhibit hereto) is furnished under this Item 9 solely in satisfaction of Item 12, "Results of Operations and Financial Condition" in accordance with interim procedures promulgated by the Securities and Exchange Commission in Release No. 33-8216. On May 14, 2003, 4Kids Entertainment, Inc. issued a press release, the text of which is attached hereto as Exhibit 99.1. The information in this Current Report on Form 8-K, including the exhibit, is furnished pursuant to Item 9 and shall not be deemed "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section. Furthermore, the information in this Current Report on Form 8-K, including the exhibit, shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. 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: May 14, 2003 4 KIDS ENTERTAINMENT, INC. By: /s/ Joseph P. Garrity ------------------------------------- Name: Joseph P. Garrity Title: Executive Vice President and Chief Financial Officer EX-99.1 3 e14867ex99-1.txt PRESS RELEASE KCSA PUBLIC RELATIONS WORLDWIDE News - -------------------------------------------------------------------------------- Public & Investor Relations, Corporate & Marketing Communications FOR: 4Kids Entertainment, Inc. KCSA Todd Fromer / Michael Cimini CONTACTS: (212) 896-1215 / (212) 896-1233 todd@kcsa.com / mcimini@kcsa.com 4Kids Entertainment Reports First Quarter Results Net Revenues Increase 201%, Net Income Rises 91% NEW YORK, May 14, 2003 - 4Kids Entertainment, Inc. (NYSE: KDE) today announced net revenues for the first quarter ended March 31, 2003 climbed 201% to $20,977,634 from $6,960,836 in the same period last year. Net income for the quarter was $2,969,549 or $0.21 per diluted share, compared to net income of $1,553,681 or $0.11 per diluted share, in the year-earlier period, an increase of 91%. Al Kahn, Chairman and Chief Executive Officer, said, "Q1 results were driven by our licensing segment primarily from strong retail sales of Yu-Gi-Oh!(TM) products. Additionally, we saw the successful retail introduction in the quarter of Teenage Mutant Ninja Turtles(TM) toys and licensed products including plush toys and t-shirts for The Dog(TM). " Yu-Gi-Oh! and Pokemon(R) continue to be among the most highly rated shows on kids network television. New Yu-Gi-Oh! trading cards and Mattel toy products are being released regularly. In the first quarter Nintendo launched Pokemon Ruby and Pokemon Sapphire video games introducing 130 new Pokemon characters. "FoxBox, 4Kids' four hours of programming on Saturday mornings on the Fox Network saw improved ratings during the first quarter with new program launches including the Teenage Mutant Ninja Turtles and the Cramp Twins(TM). We are currently in the process of evaluating new shows for FoxBox's 2003-2004 line-up and remain focused on building ratings and attracting properties that have a proven track record for driving licensed product sales," said Kahn. 4Kids' Home Video achieved a major milestone in the first quarter, shipping its one millionth Yu-Gi-Oh! title. The division, which has been driven by strong Yu-Gi-Oh! sales, is on track to release one new title per month. "We are encouraged by the progress we have made in the first quarter. The debut of Teenage Mutant Ninja Turtles has resulted in increased licensing revenue during the quarter. As we work to enhance programming on FoxBox for the upcoming season, we are optimistic that we can attract new television series from top quality content owners seeking network exposure. Finally, our strong cash position and debt-free balance sheet enables us to compete for the very best content opportunities in the international marketplace," concluded Kahn. About 4Kids Entertainment Headquartered in New York City with international offices in London, 4Kids Entertainment, Inc. (NYSE: KDE) is a global provider of children's entertainment and merchandise licensing. 4Kids, through its wholly owned subsidiaries, provides domestic and international merchandise licensing; product development; television, film, music and home video production and distribution; media buying and planning; and Web site development. For further information, visit the company's website at www.4KidsEntertainment.com. This press release contains forward-looking statements. Due to the fact that the Company faces competition from toy companies, motion picture studios and other licensing companies, and the uncertainty of public response to the Company's properties, actual results or outcomes may differ materially from any such forward-looking statements. This release and prior releases are available on the Company's Worldwide Web site at www.4KidsEntertainment.com You may register to receive 4Kids Entertainment's future press releases or to download a complete Digital Investor Kit(TM) including press releases, regulatory filings and corporate materials by clicking on the "Digital Investor Kit(TM)" icon at www.kcsa.com. Tables Follow: 4KIDS ENTERTAINMENT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (In thousands of dollars, except share data) - -------------------------------------------------------------------------------- Three Months Ended March 31, March 31, 2003 2002 ----------- ----------- NET REVENUES $ 20,978 $ 6,961 ----------- ----------- COSTS AND EXPENSES: Selling, general and administrative 7,316 4,468 Production service costs 1,920 123 Amortization of television and film costs and Fox broadcast fee 7,116 220 ----------- ----------- Total costs and expenses 16,352 4,811 ----------- ----------- INCOME FROM OPERATIONS 4,626 2,150 INTEREST INCOME 324 477 ----------- ----------- INCOME BEFORE INCOME TAX PROVISION 4,950 2,627 INCOME TAX PROVISION 1,980 1,073 ----------- ----------- NET INCOME $ 2,970 $ 1,554 =========== =========== PER SHARE AMOUNTS: Basic earnings per common share $ 0.23 $ 0.12 =========== =========== Diluted earnings per common share $ 0.21 $ 0.11 =========== =========== Weighted average common shares outstanding - basic 13,135,008 12,576,340 =========== =========== Weighted average common shares outstanding - diluted 13,899,630 13,639,169 =========== =========== # # # -----END PRIVACY-ENHANCED MESSAGE-----