<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER
CUSIP NUMBER
(Check One): /x/ Form 10-K / / Form 20-F / / Form 11-K
/ / Form 10-Q / / Form N-SAR
For Period Ended: August 31, 1996
/ / Transition Report on Form 10-K
/ / Transition Report on Form 20-F
/ / Transition Report on Form 11-K
/ / Transition Report on Form 10-Q
/ / Transition Report on Form N-SAR
For the Transition Period Ended:
Read Instruction (on back page) 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
Acclaim Entertainment, Inc.
- ---------------------------------------------------------
Full Name of Registrant
- ---------------------------------------------------------
Former Name if Applicable
One Acclaim Plaza
- ---------------------------------------------------------
Address of Principal Executive Office (Street and Number)
Glen Cove, New York 11542
- ---------------------------------------------------------
City, State and Zip Code
PART II - RULES 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 box if appropriate)
/x/ (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on
/x/ Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, will be
filed on or before the fifteenth 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.
PART III - NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 11-K, 10-Q, N-SAR,
or the transition report or portion thereof, could not be filed within the
prescribed time period. (Attach Extra Sheets if Needed)
See Rider A (attached)
<PAGE>
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
J. Mark Hattendorf (516) 656-5000
-------------------------------------- ----------- ------------------
(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 reports) been filed? If 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.
See Rider B (attached)
Acclaim Entertainment, Inc.
---------------------------------------------------------
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: December 2, 1996 By /s/ J. Mark Hattendorf
--------------------------------------
Executive Vice President and
Chief Financial and Accounting Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal
Criminal Violations (see 18 U.S.C. 1001).
GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General
Rules and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and amendments
thereto must be completed and filed with the Securities and Exchange
Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the
General Rules and Regulations under the Act. The information contained in or
filed with the form will be made a matter of public record in the Commission
files.
3. A manually signed copy of the form and amendments thereto shall be filed with
each national securities exchange on which any class of securities of the
registrant is registered.
4. Amendments to the notifications must also be filed on Form 12b-25 but need
not restate information that has been correctly furnished. The form shall be
clearly identified as an amended notification.
<PAGE>
Rider A
Acclaim Entertainment, Inc. (the "Registrant") was unable to file the
Annual Report on Form 10-K for its fiscal year ended August 31, 1996 (the
"1996 10-K") on a timely basis without unreasonable effort and expense due to
delays in the closing of the fiscal year and the preparation of final financial
statements, the Registrant's recent hiring of a new Chief Financial Officer, the
replacement of its former auditors and the retention of its new auditors, KPMG
Peat Marwick LLP, in July (34 days prior to the close of the fiscal year), the
ongoing review of documentation and procedures by the new auditors, ongoing
discussions with the former auditors, and delays attributable to ongoing
discussions with the Registrant's lenders.
<PAGE>
Rider B
The Registrant anticipates that the 1996 10-K will include significant
changes in the results of operations as compared to its results of operations
for the fiscal year ended August 31, 1995. Net revenues in fiscal 1996 are
anticipated to be approximately $247 million, as compared to $556.7 million in
fiscal 1995. The decrease is primarily attributable to the reduced unit sales of
16-bit Software, increased returns and allowances relating primarily to 16-bit
Software and a reduction in average unit prices for 16-bit Software, which
Registrant believes are primarily a result of the transition of the interactive
entertainment industry from 16-bit hardware platforms to next generation 32-bit
and 64-bit platforms and personal computer/compact disk systems. Sales of
software for such next generation platforms and systems have not offset the
reduction of revenues from sales of 16-bit Software. The Registrant also expects
to report a net loss for the fourth quarter of fiscal 1996 of at least $145
million due, in part, to the establishment of significant additional reserves
and a net loss for fiscal 1996 of at least $200 million which is attributable,
in part, to additional receivables write-offs, the establishment of further
reserves in the fourth quarter for receivables, severance charges, the reduction
of certain deferred costs, and higher actual (and as a percentage of revenues)
fixed costs in 1996 as compared to 1995, as well as fourth quarter operating
losses.
