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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTIONS 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
December 23, 1998
Date of Report (Date of earliest event reported)
@Entertainment, Inc.
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(Exact name of Registrant as Specified in Charter)
Delaware 000-22877 06-1487156
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(State or Other Juris. of (Commission (IRS Employer
Incorporation) File Number) Identification No.)
One Commercial Plaza
Hartford, Connecticut 06103-3585
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(Address of Principal
Executive Offices)
(860) 549-1674
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(Registrant's telephone number,
including area code)
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Item 5. Other Events.
On December 23, 1998, @Entertainment, Inc. (the "Company") issued a
press release relating to a preliminary agreement with an institutional
investor for the proposed sale of $50,000,000 of redeemable preferred stock of
the Company. A copy of the press release is attached as Exhibit 99, and is
incorporated herein by reference.
2
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
<TABLE>
<CAPTION>
Number Description
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<S> <C>
99 Press Release of @Entertainment, Inc.
dated December 23, 1998.
</TABLE>
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SIGNATURES
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.
@Entertainment, Inc.
Date: December 23, 1998 By: /s/ DONALD MILLER-JONES
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By: Donald Miller-Jones
Its: Chief Financial Officer
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EXHIBIT INDEX
NUMBER DESCRIPTION PAGE
99. Press Release of @Entertainment, Inc. dated December 23, 1998.
5
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@ENTERTAINMENT ANNOUNCES PRELIMINARY AGREEMENT ON THE
SALE OF $50,000,000 IN REDEEMABLE PREFERRED STOCK
Hartford, December 23, 1998 -- @Entertainment, Inc. (Nasdaq:ATEN) announced
today that it has reached a preliminary agreement with an institutional
investor on the sale of a $50,000,000 issue of redeemable preferred stock.
The transaction is subject, among other conditions, to approval by the board
of directors of the company and the institutional investor and to execution
of mutually satisfactory documentation and there can be no assurance that any
transaction will be consummated. The company expects to close the transaction
in January. The preferred stock will not be registered under the Securities
Act of 1933 and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements.
The aforementioned remarks contain forward-looking statements that involve
risks and uncertainties including without limitation those relating to the
timing, amount, terms, and consummation of the redeemable preferred stock
issuance.
Contacts:
Robert E. Fowler, III Chris Plunkett/Mike Smargiassi
Chief Executive Officer Brainard Communicators, Inc.
011-44-171-478-3800 212-986-6667
Donald Miller-Jones
Chief Financial Officer
011-44-171-478-3800
