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: September 14, 1998
UNITED LEISURE CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Delaware 0-6106 13-2652243
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) I.D. No.)
Incorporation)
18081 MAGNOLIA AVENUE, FOUNTAIN VALLEY, CA 92708
(Address of Principal Executive Offices) (Zip Code)
714/378-8761
(Registrant's Telephone Number,
Including Area Code)
N/A
(Former name or former address, if changed from last report)
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ITEM 5. OTHER MATTERS
United Leisure Corporation and its subsidiary, Lion Country Safari, Inc. -
California (collectively, the "Company"), and The Irvine Company have settled
their long-standing litigation and have agreed to dismiss all superior court and
appellate court actions pending between them, i.e. The Splash v. The Irvine
Company, et al. (Case No. 491202), Lion Country Safari, Inc.-- California v. The
Irvine Company (OCSC Case No. 743669), Lion Country Safari, Inc.--California v.
The Irvine Company (OCSC Case No. 775923) and The Irvine Company v. Lion Country
Safari, Inc. - California (OCSC Case No. 776187).
Pursuant to the terms of the settlement agreement between the parties, The
Irvine Company paid the Company $4.0 million without admitting any liability on
the part of The Irvine Company.
The Company has also settled the lawsuit titled The Splash dba Wild Rivers
v. Harry Shuster, et al. (OCSC Case No. 771810) and the parties have agreed to
dismiss that suit. No payments will be made by either party in connection with
the settlement of the lawsuit.
The lawsuit titled Irvine Meadows v. Shuster, et al. (OCSC Case No. 771509)
is not affected by the foregoing settlements and the Company is pursuing its
appeal of the judgment of the trial court in that matter.
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 duly authorized.
UNITED LEISURE CORPORATION
Dated: September 14, 1998 By /s/ Harry Shuster
----------------------------
Harry Shuster,
Chief Executive Officer
