-----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, Lhj5n5o0Dv3ShtZao1faSKdxCBbGtXZvF6ljiqx6cuvb9q95s2CmK3A56OwmG5SM tCgLzXXd07XxU846q95kbQ== 0000950136-01-000709.txt : 20010416 0000950136-01-000709.hdr.sgml : 20010416 ACCESSION NUMBER: 0000950136-01-000709 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010330 ITEM INFORMATION: FILED AS OF DATE: 20010413 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: 1602434 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 30, 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 In March and April 2001, Acclaim Entertainment, Inc. (the "Company") negotiated the repurchase of a total of $13,895,000 in principal amount of its 10% Subordinated Convertible Notes (the "Notes") for an aggregate discounted purchase price of approximately $6,751,000. In connection with the transactions, the Company sold 3,147,000 shares of its common stock to the Note holders for $3,934,000 based on a purchase price of $1.25 per share. The $6,751,000 discounted purchase price of the Notes includes $754,000 reflecting the excess of the fair value of the common stock at issuance over the price paid by the Note holders, plus $5,997,000 of cash paid by the Company (including the proceeds of the stock sale). As a result of the Note repurchase the Company expects to report an extraordinary gain on the early retirement of the Notes in the third quarter of approximately $7,144,000 net of taxes or approximately $0.12 per fully diluted share. Additionally, the Note repurchase will reduce the Company's interest expense for the balance of fiscal 2001 by approximately $700,000 or $0.01 per fully diluted share. The Company may be required to issue additional shares of common stock to the Note holders in certain circumstances, including, if, the SEC does not timely declare effective the registration statement to be filed by the Company covering the resale by the Note holders of such common stock. 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: April 13, 2001 Page 3 of 3 pages -----END PRIVACY-ENHANCED MESSAGE-----