FORM 10-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
[X] AMENDMENT NO. 1 TO ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from _______________ to _______________
Commission File No. 0-7843
4Kids Entertainment, Inc.
(Exact name of registrant as specified in its charter)
New York 13-2691380
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1414 Avenue of the Americas, New York, New York 10019
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 758-7666
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, $.01 par value
(Title of Class)
Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to the
filing requirements for the past 90 days.
Yes X No ___
Indicate by check mark if disclosure of delinquent filers pursuant
to Item 405 of Regulation S-K is not contained herein, and will not be
contained, to the best of the Registrant's knowledge, in definitive
proxy or information statements incorporated by reference in Part III
of this Form 10-K or any amendment to this Form 10-K. [X]
State the aggregate market value of the voting stock held by non-affiliates
of the Registrant: $3,331,247 (based upon the average of the high and low prices
of Registrant's Common Stock, $.01 par value, as of March 17, 1997).
Indicate the number of shares outstanding of each of the Registrant's
classes of common stock, as of the latest practicable date.
Common Stock, $.01 Par Value 2,944,831
(Title of Class) (No. of Shares Outstanding
at March 17, 1997)
DOCUMENTS INCORPORATED BY REFERENCE: Definitive Proxy Statement on
Schedule 14A for Annual Meeting of Shareholders to be Held April 30, 1997
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
Date: May 8, 1997 4KIDS ENTERTAINMENT, INC.
By
Alfred R. Kahn,
Chairman of the Board
Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.
<TABLE>
<S> <C>
Date: May 8, 1997
Alfred R. Kahn
Chairman of the Board,
Chief Executive Officer and
Director
Date: May 8, 1997
Randy O. Rissman,
Director
Date: May 8, 1997
Gerald Rissman,
Director
Date: May 8, 1997
Joseph P. Garrity,
Executive Vice President,
Treasurer, Principal Financial
Officer and Principal Accounting
Officer
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Company's Audited Financial Statements for the Twelve Months Ended December
31, 1996 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<CASH> 2,830,270
<SECURITIES> 0
<RECEIVABLES> 18,162,488
<ALLOWANCES> 537,157
<INVENTORY> 0
<CURRENT-ASSETS> 23,839,103
<PP&E> 1,411,486
<DEPRECIATION> 1,174,260
<TOTAL-ASSETS> 30,432,130
<CURRENT-LIABILITIES> 18,496,667
<BONDS> 0
0
0
<COMMON> 29,448
<OTHER-SE> 11,360,156
<TOTAL-LIABILITY-AND-EQUITY> 30,432,130
<SALES> 0
<TOTAL-REVENUES> 6,977,327
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (363,304)
<INCOME-TAX> (124,000)
<INCOME-CONTINUING> (239,304)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (239,304)
<EPS-PRIMARY> (0.08)
<EPS-DILUTED> (0.08)
</TABLE>
