WINNERS ENTERTAINMENT INC
10-C, 1996-07-18
MISCELLANEOUS AMUSEMENT & RECREATION
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<PAGE>   1

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-C

                Report by Issuer of Securities Quoted on NASDAQ

                          Interdealer Quotation System

                  Filed pursuant to Section 13 or 15(d) of the

                Securities Exchange Act of 1934 and Rule 13a-17

                              or 15d-17 thereunder


                          WINNERS ENTERTAINMENT, INC.
- -------------------------------------------------------------------------------
                 (Exact name of issuer as specified in charter)


         1461 GLENNEYRE STREET, SUITE F, LAGUNA BEACH, CALIFORNIA 92651
- -------------------------------------------------------------------------------
                    (Address of principal executive offices)


Issuer's telephone number, including area code  (714) 310-3010
                                              ---------------------------------


                   I. CHANGE IN NUMBER OF SHARES OUTSTANDING

Indicate any change (increase or decrease) of 5% or more in the number of
shares outstanding.

1.  Title of Security                     Common Stock
                     ----------------------------------------------------------

2.  Number of shares outstanding before the change   16,678,467 (per Form 10-C
                                                     filed 8/14/95)    
                                                     --------------------------

3.  Number of shares outstanding after the change    17,523,399
                                                     --------------------------

4.  Effective date of change                         4/11/96
                                                     --------------------------

5.  Method of change:

        Specify method (such as merger, acquisition, exchange, distribution,
stock split, reverse split, acquisition of stock for treasury, etc.)


                                 Distributions
- -------------------------------------------------------------------------------

        Give brief description of transactions
                                              ---------------------------------

        Common shares issued for professional services, settlements and warrant
exercise 
- -------------------------------------------------------------------------------


                          II. CHANGE IN NAME OF ISSUER

1.  Name prior to change                      n/a
                        --------------------------------------------------------

2.  Name after change                         n/a  
                     -----------------------------------------------------------

3.  Effective date of charter amendment changing name           n/a
                                                     ---------------------------

4.  Date of shareholder approval of change, if required         n/a
                                                       -------------------------


Date   July 15, 1996                               /s/ Thomas K. Russell
    -------------------                        --------------------------------
                                                      (Officer's Title)
                                                 Thomas K. Russell, Secretary



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