<PAGE> 1
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): June 8, 1998
MULTIMEDIA GAMES, INC.
- - --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Texas 0-28318 74-2611034
- - --------------- -------------------- ---------------
(State or other (File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
7335 S. Lewis Avenue, Suite 204, Tulsa, Oklahoma 74136
- - --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number,
including area code (918) 494-0576
--------------
Page 1 of 4 pages
<PAGE> 2
Item 5. Other Events
On January 8, 1998, the Company received a copy of a Summons and Class
Action Complaint For Violations of Federal Securities Laws, that was filed on
May 29, 1998, in the Federal District Court for the Southern District of
California. Also named as defendants were Gordon T. Graves, the Company's
Chairman of the Board, and Larry D. Montgomery, the Company's former
President. The Complaint, which seeks an unspecified amount of damages on
behalf of all similarly situated shareholders, alleges that the Company
violated federal securities laws by making allegedly false and misleading
statements regarding MegaMania, the Company's interactive, high speed, bingo
game.
The legality of MegaMania, which is played in Indian bingo halls
around the nation, is the subject of pending litigation between the Company and
the Department of Justice following a December 31, 1997, civil forfeiture
action by the U.S. Attorney for the Northern District of Oklahoma.
The Company believes that the claims lack merit and intends to vigorously
defend itself. The cost of defending against the claims could be substantial.
Item 7. Financial statements, Pro forma Financial Information and Exhibits.
Exhibit 99.1 Press Release dated June 9, 1998.
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.
MULTIMEDIA GAMES, INC.
Dated: June 15, 1998 By: /s/ Frederick E. Roll
------------------------------
Frederick E. Roll
Vice President - Finance and
Chief Financial Officer
Page 2 of 4 pages
<PAGE> 3
EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT NO.
- - -----------
<S> <C>
Exhibit 99.1 Press Release dated June 9, 1998.
</TABLE>
Page 3 of 4 pages
<PAGE> 1
EXHIBIT 99.1
Press Release
Multimedia Games Inc. Named as Defendant in Lawsuit
TULSA, Okla.--(BUSINESS WIRE)--June 9, 1998--Multimedia Games Inc. (MGAM), a
Tulsa based company listed on the NASDAQ stock exchange (NASDAQ:MGAM - news).
On June 8, 1998, the Company received a copy of a Summons and Class Action
Complaint For Violations of Federal Securities Laws, that was filed on May 29,
1998, in the Federal District Court for the Southern District of California.
Also named as defendants were Gordon T. Graves, the Company's Chairman of the
Board, and Larry D. Montgomery, the Company's former President. The Complaint,
which seeks an unspecified amount of damages on behalf of all similarly
situated shareholders, alleges that the Company violated federal securities
laws by making allegedly false and misleading statements regarding MegaMania,
the Company's interactive, high speed, bingo game.
The legality of MegaMania, which is played in Indian bingo halls around the
nation, is the subject of pending litigation between the Company and the
Department of Justice following a December 31, 1997, civil forfeiture action by
the U.S. Attorney for the Northern District of Oklahoma.
Gordon T. Graves, Chairman of the Board and Chief Executive Officer of the
Company stated, "It's unfortunate that one of our shareholders has brought this
action, particularly as we believe that the risks as to this matter were fully
disclosed by the Company. We think that these claims lack merit and intend to
vigorously defend ourselves. However, the cost of defending against the claims
could be substantial."
Multimedia Games Inc., through its wholly owned subsidiary MegaBingo Inc., has
exclusive contracts with over 50 Indian Nations to provide linked games that
are integrated among multiple halls. Multimedia Games Inc., is the nation's
leading provider of linked, high-stakes bingo games, electronic based
interactive bingo games and associated data processing services and products to
the Indian gaming industry.
Page 4 of 4 pages
