8-K 1 file001.txt FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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): June 18, 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 June 18, 2001, Acclaim Entertainment, Inc. (the "Company") closed the retirement of certain of its 10% Convertible Subordinated Notes due 2002 (the "Notes") representing an aggregate principal amount of $6,650,000 (plus interest), in exchange for 2,021,882 shares of its common stock. The excess of the fair value of the common stock issued over the principal amount of the Notes and accrued interest amounting to approximately $0.1 million will be recorded as a non-cash loss on early extinguishment of debt in the fourth quarter of fiscal 2001. The convertible note retirement will reduce the Company's interest expense for the balance of fiscal 2001 by approximately $0.3 million or $0.01 per fully diluted share. As a result, the Company has reduced the outstanding principal balance of the Notes to approximately $29,225,000. 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/ -------------------------------- Name: Gerard F. Agoglia Title: Executive Vice President and Chief Financial Officer Date: July 3, 2001 Page 3 of 3 pages