SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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) AUGUST 24, 1999
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DSI TOYS, INC.
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(Exact Name of Registrant as Specified in Charter)
TEXAS 0-22545 74-1673513
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1100 WEST SAM HOUSTON PARKWAY NORTH, HOUSTON, TEXAS 77043
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (713) 365-9900
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(Former Name or Former Address, if Changes Since Last Report)
Page 1 of 2
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ITEM 7. FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS.
(c.) Exhibits.
Exhibit 99. Press release of the Company dated September 8, 1999,
announcing the change in its fiscal year, attached hereto and
incorporated herein.
ITEM 8. CHANGE IN FISCAL YEAR.
On August 24, 1999, the board of directors of DSI Toys, Inc. (the
"Company"), voted to change the Company's fiscal year from a year ending January
31 to a year ending December 31. The Company intends to file a report on Form
10-K for the eleven-month transition period ending December 31, 1999.
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.
DSI TOYS, INC.
(Registrant)
Date: September 8, 1999 By: /s/ ROBERT L. WEISGARBER
Robert L. Weisgarber
Chief Financial Officer
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"Exhibit 99"
CONTACT: DSI TOYS, INC.
Nasdaq: DSIT
Robert L. Weisgarber, CFO
Brook Wootton, Mgr. IR
(713) 365-9900
FOR RELEASE : SEPTEMBER 8, 1999 3:45 PM CT
DSI TOYS, INC. ANNOUNCES CHANGE
IN FISCAL YEAR-END
DSI Toys, Inc., the Company, (NASDAQ: DSIT) is pleased to announce that
effective December 31, 1999, the Company will change its fiscal year-end from
January 31 to a calendar year-end.
In commenting on the change, DSI's Chief Financial Officer Robert
Weisgarber said, "Almost all toy companies currently in our peer group have
adopted a calendar year-end. DSI believes its decision to change year-end will
ensure that shareholders and the financial community receive both timely and
comprehensive information on our growth and progress in the toy business."
DSI Toys, Inc. (NASDAQ: DSIT) designs, develops, markets and distributes
high quality, value-priced toys and children's consumer electronics. Core
product categories are juvenile audio products (including Tech-Link(TM) and
Digi-Tech(TM) walkie-talkies, pre-teen audio products and Kawasaki(R) musical
toys), girls' toys (including dolls, play sets and accessories), and boys' toys
(including Kawasaki(R) and Burnin' Thunder(TM) radio control vehicles,
BLOCKMEN(R) construction sets, and western and military action toys). The
Company's web sites can be reached at HTTP://WWW.DSITOYS.COM and
HTTP://WWW.BLOCKMEN.COM.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995: STATEMENTS IN THIS PRESS RELEASE THAT ARE NOT HISTORICAL FACTS,
INCLUDING STATEMENTS ABOUT PLANS AND EXPECTATIONS REGARDING PRODUCTS AND
OPPORTUNITIES, DEMAND AND ACCEPTANCE OF NEW AND EXISTING PRODUCTS, CAPITAL
RESOURCES, AND FUTURE FINANCIAL CONDITION AND RESULTS ARE FORWARD-LOOKING.
FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND UNCERTAINTIES, WHICH MAY CAUSE
DSI'S ACTUAL RESULTS IN FUTURE PERIODS TO DIFFER MATERIALLY AND ADVERSELY FROM
THOSE EXPRESSED. THESE UNCERTAINTIES AND RISKS INCLUDE CHANGING CONSUMER
PREFERENCES, LACK OF SUCCESS OF NEW PRODUCTS, LOSS OF DSI'S CUSTOMERS,
COMPETITION, AND OTHER FACTORS DISCUSSED FROM TIME TO TIME IN DSI'S FILINGS WITH
THE SECURITIES AND EXCHANGE COMMISSION.
