SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 0-14234
NOTIFICATION OF LATE FILING
(Check One): |X|Form 10-K |_| Form 11-K |_| Form 20-F |_| Form 10-Q
For Period Ended: April 30, 1999 _____
|_| Transition Report on Form 10-K |_| Transition Report on Form 10-Q
|_| Transition Report on Form 20-F |_| Transition Report on Form N-SAR
|_| Transition Report on Form 11-K
For the Transition Period Ended: ___
Read attached instruction sheet before preparing form. Please print or
type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:_________________________
Part I. Registrant Information
Full name of registrant: KINGS ROAD ENTERTAINMENT, INC.
Former name if applicable
Address of principal executive office (Street and number)
1901 Avenue of the Stars, Suite 1545
City, State and Zip Code Los Angeles, California 90067
Part II. Rule 12b-25 (b) and (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check appropriate box.)
|X| (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;
|X| (b) The subject annual report, semi-annual report, transition report
on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be
filed on or before the 15th calendar day following the prescribed due
date; or the subject quarterly report or transition report on Form
10-Q, or portion thereof will be filed on or before the fifth calendar
day following the prescribed due date; and
|_| (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
<PAGE>
Part III. Narrative
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-Q,
N-SAR or the transition report portion thereof could not be filed within the
prescribed time period.
A foreign affiliate of the registrant, whose financial information is
required for the completion of the registrant's Form 10-KSB, has not yet
completed its financial statements.
Part IV. Other Information
(1) Name and telephone number of person to contact in regard to this
notification
Joseph L. Cannella (212) 826-2000
________________________________________________________________________________
(Name) (Area code) (Telephone number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
|X| Yes |_| No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
|X| Yes | | No
If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
For the year ended April 30, 1999, the operating results as compared to the
year ended April 30, 1998 decreased by approximately $353,000 due to
decreased revenue generated by the registrant's film library.
In addition, a substantial interest charge of approximately $427,000 will
be recognized in 1999 for a conversion feature, beneficial to the note
holder, relating to a convertible note issued during the year.
Preliminary, the registrant's results of operation will be decreased by
approximately $780,000 compared to last fiscal year's results of
operations.
The foregoing quantified results do not include the accounting which will
likely apply for the equity interests in the foreign affiliate's results of
operations. These results of operations may have a material adverse impact
on the registrant's results of operations.
KINGS ROAD ENTERTAINMENT, INC.
________________________________________________________________________________
(Name of registrant as specified in charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date July 28, 1999 By /s/
--------------------------------
Christopher Trunkey,
Chief Financial Officer
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