UNITED STATES
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
26, 1998
PLATINUM ENTERTAINMENT, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
0-27852 36-3802328
(Commission File Number)
(I.R.S. Employer
Identification No.)
2001 Butterfield Road
Downers Grove, Illinois 60515
(Address of principal executive offices, including zip code)
(630) 769-0033
(Registrant's telephone number, including area code)<PAGE>
Item 8. Change in fiscal year.
On February 26, 1998, Board of Directors of Platinum
Entertainment, Inc. (the _Company_) resolved by unanimous
consent to change the Company's fiscal year, formerly ending
May 31, to a calendar year end, effective December 31, 1997.
This change in fiscal year end makes the Company's year end
comparable with other public companies in the industry.
This change in fiscal year end also conforms the Company's
quarterly fiscal periods to the quarterly and semi-annual
periods for which the Company reports its royalties to its
recording artists and publishers as well as the annual term
of the Company's distribution agreement with PolyGram Group
Distribution.
The decision of the Board of Directors to change to a
calendar year end, effective as of December 31, 1997, was
based on its desire to facilitate the Company's
implementation of a new comprehensive financial reporting
system and to avoid an expensive modification of such system
at a later date.
A report on Form 10-K covering the transition period
will be filed with the Securities and Exchange Commission on
or before May 27, 1998.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, Platinum Entertainment, Inc. has duly caused this
Current Report to be signed on its behalf by the
undersigned, hereunto duly authorized, on this 13th day of
March, 1998.
PLATINUM ENTERTAINMENT, INC.
By: /s/ STEVEN DEVICK
Steven Devick
Chairman of the Board and
Chief Executive Officer<PAGE>
Item 8. Change in fiscal year.
On February 26, 1998, Board of Directors of Platinum
Entertainment, Inc. (the _Company_) resolved by unanimous
consent to change the Company's fiscal year, formerly ending
May 31, to a calendar year end, effective December 31, 1997.
This change in fiscal year end makes the Company's year end
comparable with other public companies in the industry.
This change in fiscal year end also conforms the Company's
quarterly fiscal periods to the quarterly and semi-annual
periods for which the Company reports its royalties to its
recording artists and publishers as well as the annual term
of the Company's distribution agreement with PolyGram Group
Distribution.
The decision of the Board of Directors to change to a
calendar year end, effective as of December 31, 1997, was
based on its desire to facilitate the Company's
implementation of a new comprehensive financial reporting
system and to avoid an expensive modification of such system
at a later date.
A report on Form 10-K covering the transition period
will be filed with the Securities and Exchange Commission on
or before May 27, 1998.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, Platinum Entertainment, Inc. has duly caused this
Current Report to be signed on its behalf by the
undersigned, hereunto duly authorized, on this 13th day of
March, 1998.
PLATINUM ENTERTAINMENT, INC.
By:
Steven Devick
Chairman of the Board and
Chief Executive Officer<PAGE>
