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 and Form 10-KSB |_| Form 11-K |_| Form 20-F
|_| Form 10-Q
For Period Ended: April 30, 2000 _____
|_| 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) 3489 West Cahuenga Boulevard, Suite D
City, State and Zip Code Hollywood, California 90068
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.
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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.
The Company has used its best efforts to complete the required information
on a timely basis and has provided its auditors with the information that they
requested. However, the auditors will not be able to finalize the audit of the
Company's financial statements before the filing date. The Company believes that
the audit will be completed and the annual report file within the fifteen-day
extension period permitted by Rule 12b-25.
Part IV. Other Information
(1) Name and telephone number of person to contact in regard to this
notification
Joseph L. Cannella (212) 826-2000
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(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, 2000, the Company expects to incurr net
loss of approximately $2,070,000 primarily due to valuation allowances recorded
with respect to certain investments made by the Company. This compares to a net
loss of approximately $4,537,000 for the year ended April 30, 1999.
KINGS ROAD ENTERTAINMENT, INC.
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(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, 2000 By: /s/ David W. Dube
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David W. Dube
President and Chief Operating Officer
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