United States
Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No.______)
On Stage Entertainment, Inc.
(Name of Issuer)
Common Stock, par value $0.01
(Title of Class of Securities)
68219Q 106
(CUSIP Number)
Chris Grobl, Esq.
On Stage Entertainment, Inc.
4625 West Nevso Drive, Suite 9
Las Vegas, NV 89103
(702) 253-1333
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
If the filing person has previously filed a statement of Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box
Note. Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7 for other
parties to whom copies are to be sent.
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CUSIP No.: 68219Q 106 13D
Page 2 of 5
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(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Timothy J. Parrott
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS* PF
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e)
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF (7) SOLE VOTING POWER
SHARES 2,640,000
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BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY None
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EACH (9) SOLE DISPOSITIVE POWER
REPORTING 2,640,000
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PERSON WITH (10) SHARED DISPOSITIVE POWER
None
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,640,000
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(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 23.38%
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(14) TYPE OF REPORTING PERSON* IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No.: 68219Q 106 13D
Page 3 of 5
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Item 1. Security and Issuer.
This statement on Schedule 13D relates to shares of common stock, $0.01 par
value per share, of On Stage Entertainment, Inc., a Nevada corporation. The
Issuer's principal executive offices are located at 4265 West Nevso Drive, Suite
9, Las Vegas, NV 89103.
Item 2. Identity and Background.
(a) Name: Timothy J. Parrott ("Reporting Person").
(b) Address of Principal Office: 4265 West Nevso Drive, Suite 9,
Las Vegas, NV 89103
(c) Present occupation: Chief Executive Officer and President of
Issuer.
(d) During the last five years, neither Reporting Person nor its
beneficial owners, directors and/or officers, has been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the last five years, neither the Reporting Person,
nor its beneficial owners, directors and/or officers, was a
party to a civil proceeding of a judicial or administrative
body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree, or final
order enjoining future violations of, or prohibiting or
mandating activities subject to federal or state securities
laws or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Considerations.
(a) Reporting Person purchased the shares on October 12, 2000 from Imperial
Credit Commercial Mortgage Investment Corporation in a private transaction, and
became the chief executive officer and president and director of the Issuer on
the same date. Reporting Person also purchased 10,000 shares on the public
market on October 30, 2000.
(b) Reporting Person used personal funds to purchase the 2,640,000 shares
of common stock.
Item 4. Purpose of Transaction.
Reporting Person purchased shares of the Issuer in a private transaction
for investment purposes.
Except as set forth herein, Reporting Person does not have any plans or
proposals which would result in any transaction described in subparagraph (a)
through (j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of Issuer.
(a) Reporting Person beneficially owns 2,640,000 shares of common stock of
Issuer, or approximately 23% of the outstanding shares of Issuer's common stock.
Reporting Person also has options to purchase 750,000 shares of options which
shall become exercisable as follows: 250,000 on January 1, 2001; 250,000 on
January 1, 2002; and 250,000 on January 1, 2003. The options expire on October
12, 2005. The exercise price of the options to purchase common stock is $0.50
per share. If all such options were presently exercisable, Reporting Person
would beneficially own 3,390,000 shares, or approximately 30% of Issuer.
(b) The Reporting Person has sole power to vote all shares set forth in
item 5(a) above.
(c) (i) Reporting Person purchased 2,630,000 from Imperial Credit
Commercial Mortgage Investment Corporation in a private transaction on
October 12, 2000, at a purchase price of $0.38 per share.
(ii) Reporting Person purchased 10,000 shares on the open market on October
30, 2000, at a purchase price of $0.75 per share.
(d) Not applicable.
(e) Not applicable.
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CUSIP No.: 68219Q 106 13D
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Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of Issuer.
Not applicable.
Item 7. Material to be Filed as Exhibits.
None.
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CUSIP No.: 68219Q 106 13D
Page 5 of 5
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SIGNATURES
After reasonably inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: November 20, 2000
/s/ Timothy J. Parrott
___________________________________
Timothy J. Parrott
