SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: May 24, 2000
TRUDY CORPORATION
353 Main Avenue
Norwalk, Connecticut 06851
Commission File No. 0-16056
Incorporated in the State of Delaware
Federal Identification No. 06-1007765
Telephone: (203) 846-2274
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ITEM 5. OTHER EVENTS
The Registrant announced on May 23, 2000 that the agreement that it announced on
May 4, 2000 whereby Janex International, Inc. would purchase control of the
Registrant from the Burnham Family has been terminated. See attached Exhibit 1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TRUDY CORPORATION
Date: May 24, 2000 By /s/ WILLIAM W. BURNHAM
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William W. Burnham, President & Chief
Executive Officer
EXHIBIT 1
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May 23, 2000
FOR IMMEDIATE RELEASE
Contact: William T. Carney
Telephone: 203-846-2274
Facsimile: 203-846-1776
TRUDY ANNOUNCES TERMINATION OF AGREEMENT FOR SALE OF TRUDY SHARES TO JANEX
INTERNATIONAL, INC.
Norwalk, Connecticut, May 23, 2000 - Trudy Corporation announced today that the
Burnham Family and Trudy have been informed by Janex International, Inc. that
Janex wishes to make substantial changes to the agreement for purchase of
control of Trudy by Janex, announced on May 4, 2000. In view of the changes
which are materially unfavorable to Trudy, the Burnham Family, and the remaining
Trudy shareholders, the Burnham Family has no choice but to consider the
agreement, as announced on May 4, terminated by Janex.
Commenting upon this development, William W. Burnham, President and Chief
Executive Officer of Trudy, stated, "It is extremely disappointing that Janex
has presented us with significant changes to the negotiated agreement. Although
I am hopeful that we can get this agreement back on track, there are no
assurances at this point that we will be able to reach an acceptable agreement."
Trudy is reviewing various business alternatives in view of Janex's actions.
Trudy, which does business under the name Soundprints, under a license from the
Smithsonian Institution, publishes juvenile storybooks and audiocassettes which
are sold in conjunction with contract manufactured educational toys to the
retail and mail order markets.
Trudy is traded on the OTCBB under the symbol TRDY.
