- Current report filing (8-K)
22 October 2009 - 12:22AM
Edgar (US Regulatory)
UNITED
STATES
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 (Date of earliest event reported):
October 20, 2009
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Commission file number 0-7843
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4Kids Entertainment, Inc.
(Exact name of Registrant as specified in its charter)
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New York
(State or other jurisdiction of
incorporation or organization)
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13-2691380
(I.R.S. Employer
Identification No.)
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1414 Avenue of the Americas
New York, New York 10019
(212) 758-7666
(
Address, including zip code, and telephone number,
including area code,
of Registrant’s principal executive offices)
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Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item
1.01 Termination of a Material Definative Agreement
The
On October 21, 2009, 4Kids Entertainment, Inc. (the "Company") issued a press release reporting that on October 20, 2009, the Mirage Group, owners of the Teenage Mutant Ninja Turtles property,
sold the iconic brand to Nickelodeon, part of MTV Networks, a division of Viacom Inc.
In connection with the sale, the Company has received a payment of approximately $9.75 million in consideration
of its agreement to terminate its right to serve as the merchandise licensing agent for the property prior to
the scheduled expiration of the representation agreement between it and the Mirage Group in 2012. 4Kids may also receive up to an additional
$1 million depending on the performance of the property through June 30, 2010. A copy of the press release is attached hereto as Exhibit 99.1.
Item
9.01 Financial Statements, Pro Forma Financial Information and
Exhibits.
(c)
Exhibits
Exhibit
Description
99.1
Press release issued by 4Kids Entertainment, Inc. dated October 21,
2009
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date: October 21,
2009
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4KIDS
ENTERTAINMENT, INC.
BY:
/s/ Bruce R. Foster
Bruce R. Foster
Executive Vice President and
Chief Financial Officer
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