Kushner-Locke Company Form 8-K June 4, 2003

-----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, GtgwIkiOPPnjkqSVZrU20PiHNE5WkRf1yTvi5dH83uaiwcPpVeHRp64/cWrzFb6v 5eV/YKiG3yIKFWL52D6lTg== 0000950148-03-001454.txt : 20030723 0000950148-03-001454.hdr.sgml : 20030723 20030605143506 ACCESSION NUMBER: 0000950148-03-001454 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20030604 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030605 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KUSHNER LOCKE CO CENTRAL INDEX KEY: 0000842009 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812] IRS NUMBER: 954079057 STATE OF INCORPORATION: CA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10661 FILM NUMBER: 03733941 BUSINESS ADDRESS: STREET 1: 11601 WILSHIRE BLVD 21ST FLR CITY: LOS ANGELES STATE: CA ZIP: 95202 BUSINESS PHONE: 3104812018 MAIL ADDRESS: STREET 1: 11601 WILSHIRE BLVD STREET 2: 21ST FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90025 8-K 1 v90712e8vk.htm FORM 8-K JUNE 4, 2003 Kushner-Locke Company Form 8-K June 4, 2003

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: June 4, 2003

THE KUSHNER-LOCKE COMPANY

(Exact name of registrant as specified in its charter)


California	0-17295	95-4079057

(State or other jurisdiction of	(Commission	(IRS Employer Identification No.)
incorporation or organization)	File Number)


8671 Wilshire Blvd., Suite 714
Beverly Hills, California			90211
(Address of Principal Executive Offices)			(Zip Code)


(310) 358-5508
(Registrant’s telephone number, including area code)

TABLE OF CONTENTS


	Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.
SIGNATURE
EXHIBIT 99.1
EXHIBIT 99.2


Item 7.		Financial Statements, Pro Forma Financial Statements and Exhibits.

	(a)	Financial Statements of Business Acquired.

		Not Applicable.

	(b)	Pro Forma Financial Information.

		Not Applicable.

	(c)	Exhibits.

	Exhibit 99.1. Monthly Operating Report of The Kushner-Locke Company (the “Registrant”) for the calendar month from April 1, 2003 to April 30, 2003.

	Exhibit 99.2. Monthly Interim Statement of the Registrant for the calendar month from April 1, 2003 to April 30, 2003.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Dated: June 4, 2003	THE KUSHNER-LOCKE COMPANY


	By: /s/ Alice P. Neuhauser

		Alice P. Neuhauser
		Responsible Officer

EX-99.1 3 v90712exv99w1.txt EXHIBIT 99.1 OFFICE OF THE UNITED STATES TRUSTEE In re: The Kushner-Locke Company Chapter 11 Case No. LA 01-44828-SB (Administratively Consolidated with Case Nos. LA 01-44829-SB through LA 01-44831-SB; LA 01- 44833-SB through LA 01-44836-SB; and LA 01-44841-SB) DEBTOR IN POSSESSION OPERATING REPORT ~~Report Number: 18 Page 1 of 2 For the Period FROM: 4/1/2003 TO: 4/30/2003~~

1 Profit and Loss Statement (Accrual Basis Only) A. Related to Business Operations Gross Sales $ -- ---------- Costs Related to Revenues (Film Cost Amortization) ---------- Gross Profit -- ---------- Less: Operating Expenses Officer Compensation 26,175 ---------- Salaries and Wages - Other Employees 25,689 ---------- Total Salaries and Wages 51,864 ---------- Employee Benefits and Pensions 2,529 ---------- Employer Payroll Taxes/Fees 3,652 ---------- Other Taxes ---------- Total Taxes 3,652 ---------- Rent and Lease Expense (including parking) 2,360 ---------- Distribution/Delivery Expenses 62 ---------- Interest Expense ---------- Insurance ---------- Automobile Expense/Mileage ---------- Utilities (incl. Phone, phone equipment, internet) 185 ---------- Depreciation and Amortization ---------- Business Equipment Leases 260 ---------- Business Expense reimbursement ---------- Storage Expense 6,878 ---------- Supplies, Office Expenses, Photocopies, etc. 400 ---------- Bad Debts ---------- Miscellaneous Operating Expenses ---------- Total Operating Expenses 68,189 ---------- Net Gain/Loss from Business Operations (68,189) ---------- B. Not related to Business Operations Income Interest Income ---------- Other Non-Operating Revenues -- ---------- Gross Proceeds on Sale of Assets -- ---------- Less: Original Cost of Assets plus expenses of sale -- ---------- Net Gain/Loss on Sale of Assets -- ---------- Total Non-Operating Income -- ---------- Expenses Not Related to Business Operations Legal and Professional Service Fees 2,370 ---------- Other Non-Operating Expenses (Board/Trustee fees) ---------- Total Non-Operating Expenses 2,370 ---------- NET INCOME/(LOSS) FOR PERIOD $ (70,559) ==========

DEBTOR IN POSSESSION OPERATING REPORT NO: 18 Page 2 of 2 2 Aging of Accounts Payable and Accounts Receivable (exclude prepetition accounts payable):
Accounts Accounts Payable Receivable ------- ---------- Current Under 30 days 37,550 -- Overdue 31-60 days -- -- Overdue 61-90 days -- Overdue 91-120 days -- Overdue Over 121 days -- Due in the Future -- 2,286,500 TOTAL 37,550 2,286,500
3 Statement of Status of Payments to Secured Creditors and Lessors: No payments to Secured Creditors or Lessors were paid or payable during the reporting period. 4 Tax Liability No tax payments were paid or payable during the reporting period other than payroll taxes shown above.
5 Insurance Coverage Carrier/ Amount of Policy Premium Paid Agent Name Coverage Expiration Date Through Date ---------- -------- --------------- ------------ Worker's Compensation (RENEWED) St. Paul 1,000,000 1/14/2004 1/14/2004 Commercial Property (RENEWED) St. Paul 2,000,000 2/14/2004 2/14/2004 Errors & Omissions - Library (RENEWED) St. Paul 3,000,000 3/3/2004 3/3/2004 Employment Practices Liability (RENEWED-run off) Nat'l Union 5,000,000 10/30/2003 10/30/2003
6 Questions: A. Has the Debtor in Possession provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? Yes Explain: x No B. Has the Debtor in Possession, subsequent to the filing of the petition, made any payments on its prepetition unsecured debt, except as authorized by the Court? Yes Explain: x No 7 Statement on Unpaid Professional Fees (Postpetition Amounts Only) ~~Total unpaid post-petition Professional Fees during the reporting period: $ 875,855.15~~

8 Narrative Report of Significant Events and Events out of the Ordinary Course of Business: None. 9 Quarterly Fees: Paid I, Alice Neuhauser, declare under penalty of perjury that the information contained in the above Debtor in Possession Interim Statement is true and correct to the best of my knowledge. /s/ Alice Neuhauser -------------------- Debtor in Possession EX-99.2 4 v90712exv99w2.txt EXHIBIT 99.2 OFFICE OF THE UNITED STATES TRUSTEE In re: The Kushner-Locke Company Chapter 11 Case No. LA 01-44828-SB (Administratively Consolidated with Case Nos. LA 01-44829-SB through LA 01-44831-SB; LA 01- 44833-SB through LA 01-44836-SB; and LA 01-44841-SB) DEBTOR IN POSSESSION INTERIM STATEMENT ~~Page 1 of 3 Statement Number: 18 For the Period FROM: 4/1/2003 TO: 4/30/2003~~

CASH ACTIVITY ANALYSIS (Cash Basis Only) Collateral Concentration Account Account ------- ------- Balance before Statement #1 $ 268,333.21 65,956.21 A. Total Receipts per all Prior Interim Statements 3,621,060.79 2,448,666.40 B. Less: Total Disbursements per all Prior Statements 2,407,912.51 2,475,822.28 C. Beginning Balance $ 1,481,481.49 38,800.33 D. Receipts during Current Period Description 4/3/2003 Wire Transfer 30,000.00 4/16/2003 Wire Transfer 30,000.00 4/24/2003 BL Distribution 84,301.66 4/29/2003 Wire Transfer 60,000.00 4/30/2003 BL Distribution 82,950.00 4/30/2003 interest 1,006.51 TOTAL RECEIPTS THIS PERIOD 168,258.17 120,000.00 -- -- E. Balance Available (C plus D) $ 1,649,739.66 158,800.33 $ -- $ --
DEBTOR IN POSSESSION INTERIM STATEMENT NO: 18 Page 2 of 3 F. Less: Disbursements during Current Period:
Date Check No. Payee/Purpose ---- --------- ------------- 4/2/2003 37631 Bonded Services, Inc 6269.20 4/2/2003 37632 Cash 200.00 4/2/2003 37633 Robert W Goldsmith 1565.00 4/2/2003 37634 William Liebell 1937.50 4/2/2003 37635 Qwest Communications 41.31 4/2/2003 ADP Taxes 8085.65 4/3/2003 Wire Transfer $ 30,000.00 4/3/2003 7967 Payroll 978.07 4/3/2003 7968 Payroll 7504.94 4/3/2003 7969 Payroll 1253.76 4/3/2003 7970 Payroll 2276.24 4/4/2003 ADP Fees 148.56 4/9/2003 37636 Doniger & Fetter 2369.53 4/9/2003 37637 Federal Express 62.16 4/9/2003 37638 Robert W Goldsmith 1465.00 4/9/2003 37639 William Liebell 762.50 4/9/2003 37640 Marathon Services, Inc 259.80 4/9/2003 37641 Pacific Bell 43.45 4/9/2003 37642 Recall 608.40 4/9/2003 37643 Zerolag Communications, Inc 100.00 4/11/2003 ADP Fees 86.24 4/16/2003 Wire Transfer $ 30,000.00 4/16/2003 ADP Taxes 9313.73 4/16/2003 37644 Blue Shield of California 316.00 4/16/2003 37645 Robert W Goldsmith 1435.00 4/16/2003 37646 Health Net 2213.02 4/16/2003 37647 Hodes Parking 360.00 4/16/2003 37648 William Liebell 1887.50 4/16/2003 37649 Property Management Associates, I 2000.00 4/16/2003 37650 Cash 200.00 4/17/2003 7971 Payroll 978.09 4/17/2003 7972 Payroll 7564.62 4/17/2003 7973 Payroll 1253.77 4/17/2003 7974 Payroll 2276.24 4/17/2003 7975 Payroll 978.08 4/17/2003 7976 Payroll 1253.76 4/17/2003 7977 Payroll 2276.23 4/18/2003 ADP Fees 53.72 4/25/2003 ADP Fees 181.60 4/29/2003 Wire Transfer $ 60,000.00
TOTAL DISBURSEMENTS THIS PERIOD: 120,000.00 70,558.67 -- -- G. Ending Balance (E less F) $ 1,529,739.66 88,241.66 $ -- $ --

DEBTOR IN POSSESSION INTERIM STATEMENT NO: 18 Page 3 of 3 H. (1) Collateral Account: a) Depository Name and Location: Chase Bank 1 Chase Manhattan Plaza, New York, NY 10081 b) Account Number: 323221556 (2) Concentration Account: a) Depository Name and Location: Comerica Bank 10900 Wilshire Blvd, Los Angeles, CA 90024 b) Account Number: 1891935460

I: Other monies on hand: The Kushner Locke Company PWI account 1891215236 $ 1,000.00 Bank of Scotland - Pinocchio 3549485 1,297,452.36 Pound Sterling Time Deposit Bank of Scotland - Basil 3626816 76,649.44 Pound Sterling Time Deposit (KL' s interest is 50%) Allied Pinocchio 10747301 920.11 Pound Sterling Freeway\Kushner-Locke 323-509487 $ 255.95 Edge Entertainment 1891152710 $ 444.92 European Films LTD 1890563818 $ 7,051.58

I: Other monies on hand (continued): Additionally, the Company maintains a minimal amount of Petty Cash (less than $500). Joint Venture Accounts: KL MDP Sensation 60-066-930 $ 17,724.61 KL\7 Venture 1890-69-6360 $ 9,324.06 Denial Venture 1890-69-6501 $ 42,102.73 Cracker LLC 1891-04-1665 $ 1,000.00 Swing 323-518095 $ 6,957.50

I, Alice Neuhauser, declare under penalty of perjury that the information contained in the above Debtor in Possession Interim Statement is true and correct to the best of my knowledge. /s/ Alice Neuhauser -------------------- Debtor in Possession ~~-----END PRIVACY-ENHANCED MESSAGE-----~~

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