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) September 12, 2000
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ON STAGE ENTERTAINMENT, INC.
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(Exact Name of Registrant as Specified in Charter)
Nevada 0-92402 88-0214292
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(State or Other (Commission File No.) (I.R.S. Employer
Jurisdiction of Identification No.)
Incorporation)
4625 West Nevso Drive, Las Vegas, Nevada 89103
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (702) 253-1333
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N/A
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
On September 12, 2000, On Stage Entertainment, Inc. (the "Company")
issued a press release announcing that it's subsidiary, On Stage Theaters
Surfside Beach, Inc. ("Legends Surfside"), sold its Legends in Concert Theater
in Surfside Beach, South Carolina (the "Theater") to LIC Theatres, LLC for $2.0
million. In connection with the sale of the Theater, Legends Surfside entered
into a ten (10) year lease agreement with LIC Theatres, LLC, to ensure that the
performances of its Legends in Concert production at the Theater, which is one
of the Company's largest revenue sources, will continue for many years to come.
The proceeds from the sale of the Theater were given to the Company's first
mortgage lender, Imperial Credit Commercial Mortgage Investment Corp.
("ICCMIC"), in accordance with the terms of its partial settlement agreement
with ICCMIC.
A copy of this press release is attached as Exhibit 99.1 to this
Current Report on Form 8-K.
Item 7. Financial Statements and Exhibits
The following exhibit is filed as part of this Current Report on Form
8-K.
Exhibit No. Description
99.1 Press release dated September 15, 2000
2
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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: September 15, 2000 ON STAGE ENTERTAINMENT, INC.
(Registrant)
By: /s/ John W. Stuart
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John W. Stuart
Chairman of the Board and
Chief Executive Officer
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EXHIBIT INDEX
Exhibit No. Description
99.1 Press release dated May 5, 2000
4
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