-----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, HENM+VDQym88eTz6BmWXPgxF+RBo9usVGfr5Dzkb9C98vpFQ7yCdw3p7mkDxo0Su adeBStODmOFVSH5wgVhBDQ== 0000950136-01-000509.txt : 20010323 0000950136-01-000509.hdr.sgml : 20010323 ACCESSION NUMBER: 0000950136-01-000509 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010312 ITEM INFORMATION: FILED AS OF DATE: 20010322 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACCLAIM ENTERTAINMENT INC CENTRAL INDEX KEY: 0000804888 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 382698904 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-16986 FILM NUMBER: 1576459 BUSINESS ADDRESS: STREET 1: ONE ACCLAIM PLAZA CITY: GLEN COVE STATE: NY ZIP: 11542 BUSINESS PHONE: 5166565000 MAIL ADDRESS: STREET 1: OEN ACCLAIM PALZA CITY: GLEN COVEY STATE: NY ZIP: 11542 FORMER COMPANY: FORMER CONFORMED NAME: GAMMA CAPITAL CORP DATE OF NAME CHANGE: 19880608 8-K 1 0001.txt FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8K 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, 2001 -------------- ACCLAIM ENTERTAINMENT, INC. --------------------------- (Exact name of registrant as specified in its charter)
Delaware 0-16986 38-2698904 -------- ------- ---------- (State or other jurisdiction of incorporation) (Commission File No.) (IRS Employer Identification No.) One Acclaim Plaza Glen Cove, New York 11542-2709 ------------------- ---------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (516) 656-5000 --------------
Page 1 of 3 pages ITEM 5. OTHER EVENTS On March 12, 2001, Acclaim Entertainment, Inc.'s (the "Company") senior secured lender (the "Bank") entered into junior participation agreements (the "Participation") with certain investors (the "Junior Participants") under and pursuant to the terms of the Company's existing Revolving Credit and Term Loan Agreement (the "Credit Agreement") with the Bank. As a result of the Participation, the Bank advanced an additional $9.5 million to the Company pursuant to the Credit Agreement for working capital purposes. As an inducement to the Junior Participants to effect the Participation, the Company issued to the Junior Participants five-year warrants to purchase up to an aggregate of 2,375,000 shares of common stock of the Company exercisable at an initial price of $1.25 per share. Separate entities owned by each of Gregory Fischbach and James Scoroposki, officers and directors of the Company, received warrants to purchase 625,000 shares of common stock of the Company in connection with their pro rata allocation of the Participation. James Scibelli, a director of the Company, received warrants to purchase 125,000 shares of common stock in connection with his pro rata allocation of the Participation. Page 2 of 3 pages Signatures Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ACCLAIM ENTERTAINMENT, INC. By: /s/ Gerard F. Agoglia -------------------------------- Name: Gerard F. Agoglia Title: Executive Vice President and Chief Financial Officer Date: March 22, 2001 Page 3 of 3 pages -----END PRIVACY-ENHANCED MESSAGE-----