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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) September 4, 1998
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JUST TOYS, INC.
(Exact Name of Registrant as Specified in Charter)
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<S> <C> <C>
Delaware 0-20612 13-3677074
(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer Identification Number)
Incorporation)
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20 Livingstone Avenue
Dobbs Ferry, New York 10522
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (914) 674-8697
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Item 5. Other Events
Pursuant to Paragraph F of the General Instructions to Form 8-K, the
Company hereby incorporates by reference herein the press release issued by
the Company on September 4, 1998, which is attached hereto as Exhibit 99.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Exhibit Description
99 Press release, dated September 4, 1998
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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.
JUST TOYS, INC.
September 4, 1998 By: /s/ Barry Shapiro
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Barry Shapiro
President
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EXHIBIT 99
JUST TOYS ANNOUNCES IMPLEMENTATION
OF REVERSE STOCK SPLIT
Dobbs Ferry, New York, Sept. 4, 1998:
Just Toys, Inc. (NASDAQ: JUST) announced that a 1 for 2 reverse stock split of
its common stock was approved by stockholders at Just Toys' Annual Meeting on
September 1, 1998 and will be effective at 5:00 p.m. on September 4, 1998.
As previously reported, the reverse split is part of Just Toys' Nasdaq
authorized plan to achieve a $1.00 per share bid price so that the common
stock listing may be moved from the Nasdaq National Market to the Nasdaq
SmallCap Market.
Just Toys, Inc. is a manufacturer and marketer of toys, sold in the United
States and internationally. Its licenses include such well known names as
Spalding, Louisville Slugger and the World Wrestling Federation (WWF).
Except for historical information, this news release contains forward-looking
statements which involve unknown risks and uncertainties that may cause the
Company's actual results or outcomes to be materially different from those
anticipated and discussed herein. Important factors that might cause such
differences include the Company's dependence on the timely development,
introduction and customer acceptance of new products, changes in consumer
preferences, dependence on a limited number of major customers, the impact of
competition on revenues, margins and pricing, inventory management of
customers, reliance on manufacturers based in China, and other factors
discussed from time to time in the Company's public announcements and filings
with the Securities and Exchange Commission.
