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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d(a) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13(d)-2(a)
(Amendment No. 7)
Acclaim Entertainment, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
004325 20 5
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(CUSIP Number)
James Scoroposki
Senior Executive Vice-President, Secretary and
Treasurer
Acclaim Entertainment, Inc.
One Acclaim Plaza
Glen Cove, New York 11542
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with copies to:
Eric M. Lerner, Esq.
Rosenman & Colin LLP
575 Madison Avenue
New York, New York 10022
(212) 940-8800
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
August 3, 2000
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 240.13d-7(b) for other
parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting persons
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following pages)
Page 1 of 4
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CUSIP No. 004325 20 5 Page 2 of 4
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James Scoroposki
IRS No. ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC Use Only
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
PF
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
PURSUANT TO ITEMS 2(d) or (e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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</TABLE>
<TABLE>
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NUMBER OF 7 SOLE VOTING POWER
SHARES 7,909,899
BENEFICIALLY --------------------------------------------------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING 192,552
PERSON --------------------------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
7,909,899
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10 SHARED DISPOSITIVE POWER
192,552
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<TABLE>
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,909,899
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES. Excludes 36,276 shares settled in trusts by Mr. Scoroposki for the benefit of his
children and 156,276 held as co-trustee of trusts for the benefit of the children of Mr. Greg
Fischbach, a director, officer and stockholder of the Issuer. Mr. Scoroposki has neither voting
nor dispositive power with respect to said shares, he does retain the right to revoke the trusts
and appoint new trustees. [X]
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13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
13.7%
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14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 4
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This Amendment No. 7 hereby amends and supplements the Statement on Schedule 13D
(the "Initial Statement") filed by Mr. Scoroposki on June 27, 1988, as amended
on October 6, 1989, September 5, 1990, January 31, 1991, February 7, 1991,
February 14, 1991 and April 2, 1991.
Item 1. Security and Issuer
Item 1 of the Initial Statement is amended and restated in its entirety as
follows:
This statement relates to the common stock, par value $.02 per share, of
Acclaim Entertainment, Inc. (the "Issuer"), a Delaware corporation. The Issuer's
principal executive offices are located at One Acclaim Plaza, Glen Cove, New
York 11542.
Item 4. Purpose of Transaction
Mr. Scoroposki does not have any present plans or intentions which relate
to or would result in any of the matters described in subsections (a) - (j) of
Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer
(a) The aggregate number of shares of Common Stock
beneficially owned by Mr. Scoroposki is 7,909,899 shares (including 1,715,000
shares which Mr. Scoroposki has the right to acquire within the next 60 days
upon the exercise of options granted under the Issuer's 1988 Stock Option Plan
and its 1998 Stock Incentive Plan, and 1,312,500 shares issuable upon the
exercise of warrants), approximately 13.7% of the total amount outstanding as
calculated under Rule 13d-3 of the Exchange Act. The aggregate number of shares
of Common Stock owned by Mr. Scoroposki excludes 36,276 shares settled in trusts
by Mr. Scoroposki for the benefit of his children and 156,276 held as co-trustee
of trusts for the benefit of the children of Mr. Greg Fischbach, a director,
officer and stockholder of the Issuer.
(b) Mr. Scoroposki has the sole power to vote and dispose of
the ownership of 7,909,899 shares beneficially owned by him (which includes
1,715,000 shares which he has the right to acquire within the next 60 days and
1,312,500 shares issuable upon the exercise of warrants). Mr. Scoroposki shares
the power to vote and dispose of the ownership of 156,276 shares held by him as
co-trustee of two trusts for the benefit of Mr. Fischbach's children. With
respect to 36,276 shares held in certain trusts settled by Mr. Scoroposki for
the benefit of his children, while Mr. Scoroposki has neither the power to vote
nor to dispose of the ownership of said shares, he retains the right to revoke
the trusts and to appoint new trustees.
(c) The following sales were effected in open market
transactions within the last 60 days:
On August 1, 2000, Mr. Scoroposki bought 85,000 shares of Common Stock at a
price of $1.53 per share.
On August 2, 2000, Mr. Scoroposki bought 100,000 shares of Common Stock at
a price of $1.53 per share.
On August 3, 2000, Mr. Scoroposki bought 150,000 shares of Common Stock at
a price of $1.48 per share.
On August 4, 2000, Mr. Scoroposki bought 50,000 shares of Common Stock at a
price of $1.44 per share.
Page 3 of 4
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Signature
After reasonable inquiry and to the best of the my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Date: August 8, 2000 /s/ James Scoroposki
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James Scoroposki
Page 4 of 4
