<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington D.C.
_______________
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): March 1, 1996
KINGS ROAD ENTERTAINMENT, INC.
(exact name of registrant as specified in charter)
<TABLE>
<S> <C> <C>
Delaware 0-14234 95-3587522
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
</TABLE>
1901 Avenue of the Stars, Suite 605
Los Angeles, California 90067
(Address of principal executive office)
Registrant's telephone number, including area code: (310) 552-0057
<PAGE> 2
ITEM 4 - CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS
(a) The Board of Directors of Kings Road Entertainment, Inc. (the
"Company") has determined that the firm of Stonefield Josephson be selected as
the Company's independent auditors for the fiscal year ending April 30, 1996.
The firm of Arthur Andersen LLP has served as the Company's independent
auditors for the fiscal years ending April 30, 1995, 1994 and 1993.
(b) The Company believes there were no disagreements with Arthur Andersen
LLP within the meaning of Instruction 4 of Item 304 of Regulation S-K as to any
matter of accounting principles or practices, financial statement disclosure,
or auditing scope or procedure in connection with the audits of the Company's
financial statements for the fiscal years ended April 30, 1995 and 1994 or for
any subsequent interim period, which disagreements if not resolved to its
satisfaction would have caused Arthur Andersen LLP to issue an adverse opinion
or a disclaimer of opinion, and neither report contained an adverse opinion or
disclaimer of opinion or was qualified or modified as to uncertainty, audit
scope or accounting principles.
(c) During the two most recent fiscal years and through present, there
have been no reportable events (as defined in Item 304 of Regulation S-K) with
Arthur Andersen LLP. The Company has not consulted with Stonefield Josephson
regarding the application of accounting principles to a specified transaction
or the type of audit opinion that might be rendered on the Company's financial
statements during the two most recent fiscal years through present.
(d) A letter of Arthur Andersen LLP addressed to the Securities and
Exchange Commission is included as Exhibit 16 to this Form 8-K. Such letter
states that such firm agrees with the statements made by the Company in this
Item 4.
(e) The change of auditors was approved by the Board of Directors of the
Company on February 20, 1996.
ITEM 7 - EXHIBITS
(c) Exhibits
<TABLE>
<CAPTION>
Number Description
-------- ------------------------------------
<S> <C>
16 Letter of Arthur Andersen LLP to the
Securities and Exchange Commission
included herein pursuant to the
requirements of Item 304(a)(3) of
Regulation S-K
</TABLE>
2
<PAGE> 3
SIGNATURE
Pursuant to the requirements of the Securities Act of 1934, the Company has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
KINGS ROAD ENTERTAINMENT, INC.
Dated: March 1, 1996 /s/ Christopher M. Trunkey
---------------------------------
Christopher M. Trunkey
Vice President, Chief Financial
and Administrative
Officer and Secretary (Principal
Financial and Accounting Officer)
3
<PAGE> 4
INDEX OF EXHIBITS
<TABLE>
<CAPTION>
Exhibit Sequentially
Number Description Numbered Page
----- ----------- -------------
<S> <C> <C>
16 Letter of Arthur Andersen LLP to the 5
Securities and Exchange Commission
included herein pursuant to the
requirements of Item 304(a)(3) of
Regulation S-K
</TABLE>
4
<PAGE> 1
ARTHUR ANDERSEN LLP
March 1, 1996
Chief Accountant
Securities and Exchange Commission
Washington, DC 20549
Dear Sirs:
We have read Item 4 included in the attached Form 8-K dated March 1, 1996
of Kings Road Entertainment, Inc. to be filed with the Securities and
Exchange Commission and are in agreement with the statements contained
therein.
Very truly yours,
Arthur Andersen LLP
5
