UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 15)*
4Kids Entertainment, Inc.
(Name of Issuer)
Common Stock, $.01 Par Value
(Title of Class of Securities)
350865-10-1
(CUSIP Number)
Arnold N. Bressler, Esq.
One Pennsylvania Plaza, 49th Floor, New York, New York 10119-0165 -
(212) 594-5300
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
July 18, 1997
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|.
Check the following box if a fee is being paid with the statement |_|. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such
class.)(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior coverage page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
CUSIP NO. 350865-10-1 PAGE 1
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ALFRED R. KAHN ###-##-####
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |_|
|_|
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 SOURCE OF FUNDS*
PF, OO
- ----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E):
|_|
- ----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- ----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER
-0-
- ----------------------------------------------------------------
8 SHARED VOTING POWER
-0-
- ----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
874,000
- ----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
874,000
- ----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- ----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.4%
- ----------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------------------------------------------------------------
<PAGE>
PAGE 2
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TIGER ELECTRONICS INC.
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |_|
|_|
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E):
|_|
- ----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
ILLINOIS
- ----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER
-0-
- ----------------------------------------------------------------
8 SHARED VOTING POWER
350,000
- ----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
- ----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
350,000
- ----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
350,000
- ----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- ----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.9%
- ----------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ----------------------------------------------------------------
<PAGE>
PAGE 3
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RANDY O. RISSMAN
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |_|
|_|
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
- ----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E):
|_|
- ----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- ----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER
1,524,000
- ----------------------------------------------------------------
8 SHARED VOTING POWER
350,000
- ----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
300,000
- ----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
350,000
- ----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,524,000
- ----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- ----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
40.7%
- ----------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------------------------------------------------------------
<PAGE>
The initial Schedule 13D (the "Schedule 13D") of (i) Alfred R.
Kahn, (ii) Tiger Electronics Inc. and (iii) Owen Randall Rissman relating
to the common stock, par value $.01 per share, issued by 4Kids
Entertainment, Inc. is hereby amended by this Amendment No. 15 as follows:
Item 1. Security and Issuer.
This Amendment relates to shares of the Common Stock, $.01 par
value per share, of 4Kids Entertainment, Inc., a New York corporation (the
"Company"). The address of the principal executive office of the Company is 1414
Avenue of the Americas, New York, New York 10019. This Amendment also
constitutes Amendment No. 15 to Schedule 13D filed by Alfred R. Kahn on March
21, 1988.
Item 6. Contracts Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer.
As previously reported, in February, 1991, Mr. Kahn borrowed
$305,926 from Tiger to finance his purchase of 103,250 shares of the Company's
Common Stock, which loan was evidenced by a collateral Promissory Note (the
"Note") which bears interest at the rate of 8% per annum and was due on March
11, 1996. On July 18, 1997, Mr. Kahn and Tiger entered into a Letter Agreement
extending the due date of the Note to December 31, 1997.
None of Tiger, Mr. Kahn, Mr. Randy Rissman and the other
executive officers and directors of Tiger have any contracts, arrangements,
understandings, or relationships with respect to securities of the Company,
other than as set forth herein or in Schedule 13D dated February 22, 1991,
Amendment No. 1 thereto dated March 12, 1991, Amendment No. 7 thereto dated
July 16, 1992 and Amendment No. 10 thereto dated April 4, 1994.
Item 7. Exhibit 14
Letter Agreement between Tiger and Alfred R. Kahn, dated as of
March 11, 1996, accepted by Tiger as of July 18, 1997, extending due date of
Note.
SIGNATURES
After reasonable inquiry, and to the best of the knowledge and
belief of each of the undersigned, each of the undersigned hereby certifies that
the information set forth in this statement is true, complete and correct.
/S/
Alfred R. Kahn
/S/
Randy O. Rissman
Page 5 of pages
<PAGE>
TIGER ELECTRONICS INC.
By /S/
Randy O. Rissman
President
Dated: September 30, 1997
Page 6 of pages
<PAGE>
EXHIBIT 14
Dated as of March 11, 1996
Mr. Randy O. Rissman
Tiger Electronics Inc.
980 Woodlands Parkway
Vernon Hills, IL 60061
Dear Mr. Rissman:
Reference is made to the Collateral Promissory Note dated as
of March 11, 1991, in the amount of $305,926.00 made by the undersigned and
payable to Tiger Electronics, Inc. (the "Note").
This is to set forth our agreement and understanding as
follows:
1. The due date of the Note shall be extended to
December 31, 1997.
If the foregoing is in accordance with your understanding,
kindly so indicate by executing this letter in the place provided below.
Very truly yours,
/S/
Alfred R. Kahn
AGREED:
TIGER ELECTRONICS, INC.
By /S/
Randy O. Rissman, President
Dated: July 18, 1997
<PAGE>
