The Kushner-Locke Company Form 8-K

-----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, HFToD74hciJK76lg3gvfN7Rr20s/HwXXOehIZ9XbLO07wfKo9RgO31PknlVhN/Dp /DWisbo5oxTczDmZXkju2w== 0000950148-03-001695.txt : 20030724 0000950148-03-001695.hdr.sgml : 20030724 20030711121236 ACCESSION NUMBER: 0000950148-03-001695 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20030710 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030711 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: 03783218 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 v91421e8vk.htm 8-K The Kushner-Locke Company Form 8-K

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: July 10, 2003

THE KUSHNER-LOCKE COMPANY

(Exact name of registrant as specified in its charter)


California	0-17295	95-4079057
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification No.)


8671 Wilshire Blvd., Suite 714 Beverly Hills, California (Address of Principal Executive Offices)		90211 (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 May 1, 2003 to May 31, 2003.

Exhibit 99.2. Monthly Interim Statement of the Registrant for the calendar month from May 1, 2003 to May 31, 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: July 10, 2003		THE KUSHNER-LOCKE COMPANY

		By: /s/ Alice P. Neuhauser

		Alice P. Neuhauser Responsible Officer

EX-99.1 3 v91421exv99w1.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: 19 Page 1 of 2 ------------------- For the Period FROM: 5/1/2003 ------------------- TO: 5/31/2003 ------------------- - ------------------------------------------------------------------------------- 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 24,450 ------------ Salaries and Wages - Other Employees 27,876 ------------ Total Salaries and Wages 52,326 ------------- Employee Benefits and Pensions 2,504 ------------- Employer Payroll Taxes/Fees 1,475 ------------ Other Taxes 1,453 ------------ Total Taxes 2,928 ------------- Rent and Lease Expense (including parking) 2,360 ------------ Distribution/Delivery Expenses 124 ------------ Interest Expense ------------ Insurance ------------ Automobile Expense/Mileage ------------ Utilities (incl. Phone, phone equipment, internet) 769 ------------ Depreciation and Amortization ------------ Business Equipment Leases 260 ------------ Business Expense reimbursement ------------ Storage Expense 7,578 ------------ Supplies, Office Expenses, Photocopies, etc. ------------ Bad Debts ------------ Miscellaneous Operating Expenses 983 ------------ Total Operating Expenses 69,831 ------------- Net Gain/Loss from Business Operations (69,831) ----------- 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 37,550 ------------- Other Non-Operating Expenses (Board/Trustee fees) 3,500 ------------- Total Non-Operating Expenses 41,050 ----------- NET INCOME/(LOSS) FOR PERIOD $ (110,880) ===========

- ------------------------------------------------------------------------------- DEBTOR IN POSSESSION OPERATING REPORT NO: 19 Page 2 of 2 - ------------------------------------------------------------------------------- 2 Aging of Accounts Payable and Accounts Receivable (exclude prepetition accounts payable):
------------------------------------ Accounts Accounts Payable Receivable ------------------------------------ Current Under 30 days 1,304 -- ------------------------------------ Overdue 31-60 days -- -- ------------------------------------ Overdue 61-90 days -- -- ------------------------------------ Overdue 91-120 days -- -- ------------------------------------ Overdue Over 121 days -- -- ------------------------------------ Due in the Future -- 2,202,334 ------------------------------------ TOTAL 1,304 2,202,334 ------------------------------------
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: $892,604.45~~

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 v91421exv99w2.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: 19 For the Period FROM: 5/1/2003 TO: 5/31/2003
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 3,789,318.96 2,568,666.40 -------------- ------------ B. Less: Total Disbursements per all Prior Statements 2,527,912.51 2,546,380.95 -------------- ------------ C. Beginning Balance $ 1,529,739.66 88,241.66 -------------- ------------ D. Receipts during Current Period

Description 5/5/2003 Lion's Gate 2,190.87 5/6/2003 Lion's Gate 3,254.13 5/7/2003 KL Comerica/Reverse Wire Transfer 54,000.00 (54,000.00) 5/8/2003 Wire Transfer 51,000.00 5/15/2003 Wire Transfer 31,000.00 5/16/2003 AB Svensk Film 35.25 5/20/2003 US Postal Service Refund 55.73 5/20/2003 A & E Home Video 304.50 5/20/2003 USI Insurance Refund 5,909.92 5/29/2003 Wire Transfer 27,000.00 5/30/2003 interest 909.18 TOTAL RECEIPTS THIS PERIOD 66,659.58 55,000.00 - - -------------- ------------ --- --- E. Balance Available (C plus D) $ 1,596,399.24 143,241.66 $ - $ - -------------- ------------ --- ---
DEBTOR IN POSSESSION INTERIM STATEMENT NO: 19 Page 2 of 3 F. Less: Disbursements during Current Period:
Date Check No. Payee/Purpose ---- --------- ------------- 5/2/2003 ADP Fees 148.56 5/5/2003 37651 Bonded Services, Inc 6,271.50 5/5/2003 37652 Bowne of Los Angeles, Inc 583.00 5/5/2003 37653 Federal Express 45.42 5/5/2003 37654 Internal Revenue Service 350.72 5/5/2003 37655 William Liebell 5,187.50 5/5/2003 37656 Marathon Services, Inc 259.80 5/5/2003 37657 Qwest Communications 54.24 5/5/2003 37658 SBC 289.29 5/5/2003 37659 SBC 43.50 5/5/2003 37660 Robert W Goldsmith 3,540.00 5/6/2003 37661 Clumeck,Stern,Phillips&Schenkelbu 33,500.00 5/7/2003 37662 Department Of Consumer Affairs 200.00 5/7/2003 37663 Zerolag Communications, Inc 100.00 5/8/2003 Wire Transfer $ 51,000.00 5/14/2003 ADP Taxes 6,610.52 5/14/2003 37664 City Of Beverly Hills 1,102.47 5/14/2003 37665 Doniger & Fetter 4,049.66 5/14/2003 37666 Robert W Goldsmith 830.00 5/14/2003 37667 William Liebell 1,600.00 5/14/2003 37668 Recall 706.01 5/14/2003 37669 United States Trustee 250.00 5/14/2003 37670 United States Trustee 1,500.00 5/14/2003 37671 United States Trustee 250.00 5/14/2003 37672 United States Trustee 250.00 5/14/2003 37673 United States Trustee 250.00 5/14/2003 37674 United States Trustee 250.00 5/14/2003 37675 United States Trustee 250.00 5/14/2003 37676 United States Trustee 250.00 5/14/2003 37677 United States Trustee 250.00 5/15/2003 7978 Payroll 978.08 5/15/2003 7979 Payroll 8,470.65 5/15/2003 7980 Payroll 1,253.77 5/15/2003 7981 Payroll 2,276.24 5/15/2003 Wire Transfer $ 31,000.00 5/16/2003 ADP Fees 20.00 5/20/2003 37678 Robert W Goldsmith 1,195.00 5/20/2003 37679 William Liebell 2,162.50 5/20/2003 37680 Centauro Comunicaciones 600.00 5/23/2003 ADP Fees 103.73 5/28/2003 ADP Taxes 5,458.49 5/28/2003 37681 Blue Shield of California 316.00 5/28/2003 37682 Cash 200.00 5/28/2003 37683 Federal Express 61.42 5/28/2003 37683 Federal Express 16.80 5/28/2003 37684 Health Net 2,187.92 5/28/2003 37685 Hodes Parking 360.00 5/28/2003 37686 Property Management Associates, I 2,000.00 5/28/2003 37687 SBC 281.48 5/29/2003 37688 Robert W Goldsmith 1,025.00 5/29/2003 37689 William Liebell 1,245.00
DEBTOR IN POSSESSION INTERIM STATEMENT NO: 19 Page 3 of 3 5/29/2003 Wire Transfer $ 27,000.00 5/29/2003 7982 Payroll 978.09 5/29/2003 7983 Payroll 7,187.89 5/29/2003 7984 Payroll 1,253.76 5/29/2003 7985 Payroll 2,276.23 TOTAL DISBURSEMENTS THIS PERIOD: 109,000.00 110,880.24 - - ------------- ---------- --- --- G. Ending Balance (E less F) $1,487,399.24 32,361.42 $ - $ - ------------- ---------- --- ---

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 1,300,935.93 Pound Sterling Time Deposit Bank of Scotland - Basil 3626816 76,818.48 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 $ 9,328.20 Denial Venture 1890-69-6501 $42,131.35 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-----~~

Table of Contents

Table of Contents

	(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 May 1, 2003 to May 31, 2003.

		Exhibit 99.2. Monthly Interim Statement of the Registrant for the calendar month from May 1, 2003 to May 31, 2003.