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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): August 19, 1997
THE KUSHNER-LOCKE COMPANY
(Exact name of registrant as specified in its charter)
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<S> <C> <C>
California 0-17925 95-4079057
(State or other jurisdiction (Commission File Number) (IRS Employer Identification No.)
of incorporation)
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11601 Wilshire Blvd., 21st Floor, Los Angeles, California, 90025
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (310) 445-1111
No Change
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On August 19, 1997, the shareholders of The Kushner-Locke Company
(the "Company") approved a one-for-six reverse stock split (the "Reverse
Stock Split") of its outstanding common stock, no par value (the "Common
Stock"). The Reverse Stock Split will be effective on or about September 5,
1997 to shareholders of record at the close of business on September 4,
1997. As part of the Reverse Stock Split, the exercise price and the number
of shares of Common Stock issuable upon exercise of the Company's
Common Stock Purchase Warrants, Class C, among other outstanding
securities, will also be adjusted.
In addition, the shareholders also approved an amendment to its
Restated Articles of Incorporation to reduce the number of authorized shares
of Common Stock from 150,000,000 shares to 50,000,000 shares.
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.
THE KUSHNER-LOCKE COMPANY
Date: August 29, 1997
By: /s/ DONALD KUSHNER
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Donald Kushner
Co-Chairman of the Board and Chief
Executive Officer