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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
December 10, 1997
Date of Report (Date of earliest event reported)
0-23396
Commission File Number
SKYLINE MULTIMEDIA ENTERTAINMENT, INC.
(Exact name of registrant as specified in its charter)
New York 11-3182335
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
350 Fifth Avenue
New York, New York 10118
(Address of Principal Executive Offices) (Zip Code)
(212) 564-2224
(Registrant's telephone number, including area code)
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Item 5. Other Events.
On December 10, 1997, Skyline Multimedia Entertainment, Inc. (the
"Company") received from the Empire State Building Company (the "ESBCo") an
additional extension of the time to cure certain alleged lease defaults, as
previously disclosed in the Company's quarterly report on Form 10-QSB for the
period ended September 30, 1997 (the "Form 10-QSB"), until December 19, 1997.
The Company has met with representatives of the ESBCo in an effort to resolve
all open issues with respect to said alleged lease defaults and other matters
involving the modification agreements to the original lease and license
agreements relating to the New York Skyride and the level of cooperation from
the ESBCo and the staff of the Empire State Building in respect of such
modification agreements and the operations of the New York Skyride, and has
submitted a proposal to the ESBCo which the Company is hopeful will resolve the
dispute over the alleged defaults. Until the Company receives a response from
the ESBCo as to whether or not the Company's proposal is acceptable, the Company
will continue to evaluate its alternatives and possible remedies, including,
but not limited to, possible litigation against the ESBCo with respect to the
matters set forth herein, as more fully described in the Form 10-QSB, and will
keep investors informed of this situation as it continues to develop.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) not applicable
(b) not applicable
(c) not applicable
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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.
Date: December 11, 1997 SKYLINE MULTIMEDIA ENTERTAINMENT, INC.
By: /s/ Zalman Silber
Name: Zalman Silber
Title: President and Chief Executive Officer
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