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
May 31, 1996
Date of Report
(Date of earliest event reported)
SPORTS HEROES, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-110933 65-0053475
(State or other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification)
105 North Hudson Avenue, Suite 701
Oklahoma City, Oklahoma 73102-4803
(Address of Principal Executive Offices)
(405)272-5000
Registrant's telephone number,
including area code
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Item 3. Bankruptcy or Receivership.
On May 31, 1996, the Company filed a voluntary petition in the United States
Bankruptcy Court for the Western District of Oklahoma under Chapter 11 of the
Bankruptcy Code. The Company reported total assets of $7.1 million, including
$2.9 million of goodwill, and total liabilities of $6.3 million as of December
31, 1995. The Company, as debtor-in-possession, intends to file a plan of
reorganization by the end of September 1996.
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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.
SPORTS HEROES, INC.
G. GERALD MCGREEVY
G. Gerald McGreevy
Treasurer
Dated: June 6, 1996