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): May 21, 1998
ALLIANCE ENTERTAINMENT CORP.
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(Exact name of registrant as specified in its charter)
Delaware 1-13054 13-3645913
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(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of incorporation) Identification No.)
4250 Coral Ridge Drive, Coral Springs, Florida 33065
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (954) 346-0110
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Item 5. Other Events
On June 26, 1998, Alliance Entertainment Corp. (the "Company") issued a
press release announcing that the Company had received approval from the
Bankruptcy Court in the Southern District of New York ("Court") of its
Disclosure Statement for its Plan of Reorganization ("Plan"). The Company
stated that the approval allows the Company to commence solicitation of votes
for approval of the Plan. Plan materials and ballots have been mailed and the
deadline for returning the ballots is July 24, 1998. A hearing to confirm the
Plan is scheduled for July 30, 1998. The Company also reported the Court
approved the sale of its U.K. subsidiary, Castle COmmuications to London-based
Rutland Trust PLC.
Certain matters discussed in the press release are forward-looking
statements intended to qualify for the safe harbors from liability established
by the Private Securities Litigation Reform Act of 1995. These forward-looking
statements can generally be identified as such because the context of the
statement will include words such as the Company "believes," "expects" or words
of similar import. Similarly, statements that describe the Company's future
plans, objectives, estimates or goals are also forward-looking statements. Such
statements address future events and conditions concerning capital expenditures,
earnings, sales, liquidity and capital resources, and accounting matters. Actual
results in each case could differ materially from those currently anticipated in
such statements, by reason of factors such as future economic conditions,
including changes in customer demand, legislative, regulatory and competitive
developments in markets in which the Company operates; and other circumstances
affecting anticipated revenues and costs.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99.1 Press Release dated June 26, 1998.
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SIGNATURE
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 thereunto duly authorized.
ALLIANCE ENTERTAINMENT CORP.
By:/s/ Eric Weisman
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Name: Eric Weisman
Title:President and
Chief Executive Officer
Date: July 6, 1998
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EXHIBIT INDEX
Exhibit 99.1 Press Release dated June 26, 1998.
News Release
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Sitrick and Company Inc.
Los Angeles/New York
Contact: Sandra Sternberg
Brenda Adrian
Sitrick and Company
310-788-2850
For Immediate Release
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[INSERT BODY OF PRESS RELEASE]
Forward-looking statements herein are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements can generally be identified as such because the
context of the statement will include words such as the Company "believes,"
"expects," "anticipates," or words of similar import. Similarly, statements that
describe the Company's future plans, objectives, estimates or goals are
forward-looking statements. There are certain important factors that could cause
results to differ materially from those anticipated by forward-looking
statements made herein. Investors are cautioned that all forward-looking
statements involve risks and uncertainty.
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