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 (Date of earliest event reported): February 5, 1999
IWERKS ENTERTAINMENT, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-22558 95-4439361
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
4540 West Valerio Street
Burbank, California 91505-1045
(Address of Principal Executive Offices)
(818) 841-7766
(Registrant's Telephone Number)
<PAGE>
ITEM 5. OTHER EVENTS
Reference is made to the press release of Registrant, issued on February 2,
1999 which contains information meeting the requirements of this Item 5, and
which is incorporated herein by this reference. A copy of this press release is
attached to this Form 8-K as Exhibit 99.1.
PAGE 2
<PAGE>
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.
February 3, 1999 IWERKS ENTERTAINMENT, INC.
By: /s/ Jeff Dahl
---------------------------------
Chief Financial Officer
PAGE 3
<PAGE>
EXHIBIT INDEX
EXHIBITS PAGE NUMBER
- -------- -----------
99.1 Press Release dated February 2, 1999.
PAGE 4
Exhibit 99.1
Press Release dated February 2, 1999
IWERKS NAMES NEW CHIEF FINANCIAL OFFICER
BURBANK, CALIF. - (BUSINESS WIRE) - FEB. 2, 1999 - IWERKS ENTERTAINMENT, INC.
(NASDAQ/NM:IWRK - NEWS), a world leader in high-tech entertainment, has named
Jeff Dahl as senior vice president/chief financial officer, it was announced
Tuesday by Charles Goldwater, president and chief executive officer of the
company.
Dahl, who has served as the company's vice president/controller for two years,
will assume his new position Feb. 5. Dahl replaces Bruce Hinckley, who served as
CFO at Iwerks for more than two years, and who is leaving Feb. 5 to take a
similar position with a company outside the entertainment industry.
In his new position, Dahl will play a key role in Iwerks' growth strategy,
especially in the areas of strategic planning and joint venture development.
Additionally, Dahl will be responsible for overseeing the company's investor
relations and legal affairs.
"Jeff has been an invaluable member of our senior executive team for the past
two years," said Goldwater. "That experience will make for a smooth transition
to his new position. In the role of CFO, Jeff will continue to provide solid
fiscal management and leadership for the company, as well as contributing to
Iwerks' growth strategies and its sound financial performance in all areas of
our business."
Since joining Iwerks, Dahl has been responsible for the company's accounting
functions, as well as SEC reporting and the planning and management of budgets
for all company departments. Prior to joining Iwerks, Dahl held executive
financial positions in the entertainment industry with Act III Broadcasting and
Cooke Cablevision.
Iwerks Entertainment is one of the world's leading full-service providers of
high-tech entertainment systems, support services and film-based software in
large-format, ride simulation and specialty venue attractions.
More than 250 Iwerks attractions can be found in 37 countries worldwide at
location-based entertainment centers, amusement parks, movie theaters, family
entertainment centers, shopping centers, casinos, resorts, nightclubs,
restaurants, museums, fairs, festivals and more.
Visit Iwerks Entertainment on the World Wide Web at WWW.IWERKS.COM.
PAGE 5
<PAGE>
Note to Editors: For this company's past news releases go to
HTTP://WWW.BUSINESSWIRE.COM/CNN/IWRK.HTM
With the exception of the historical information, the matters discussed above
include forward-looking statements that involve risks and uncertainties. Among
the important factors that could cause actual results to differ from those
indicated in the forward-looking statements are the ongoing economic conditions
and situation in the Asia-Pacific region; the level of available sales in the
rest of the world; costs of sales and the ability of the company to maintain
pricing levels necessary to maintain gross profit margins; the level of selling,
general and administrative costs; the performance by the company under existing
purchase contracts and the ability to obtain new contracts; the success of the
company's film software; and the effects of competition.
CONTACT:
Wills Communications Inc.
Terry Wills/Kevin Mortesen, 310/524-0200
PAGE 6
