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United States
Securities and Exchange Commission
Washington, D.C. 20549
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FORM 8-K
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Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
December 2, 1998 0-23396
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Date of Report (Date of earliest event reported) Commission File Number
Skyline Multimedia Entertainment, Inc.
(Exact name of registrant as specified in its charter)
New York 11-3182335
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(State or other jurisdiction of (I.R.S. Employer Identification Number)
incorporation or organization)
350 Fifth Avenue
New York, New York 10118
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(Address of Principal Executive Offices) (Zip Code)
(212) 564-2224
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(Registrant's telephone number, including area code)
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Item 5. Other Events.
On December 2, 1998, Skyline Multimedia Entertainment, Inc. (the
"Company") received notification from the Nasdaq Stock Market ("Nasdaq") that
Nasdaq's hearing panel has determined to delist the Company's securities
effective as of the close of business on December 2, 1998. The Nasdaq hearing
with respect to the Company's eligibility to maintain the listing of its Common
Stock on Nasdaq was held on September 3, 1998. Although the Company has the
right to request a review of the hearing panel's decision, such request will not
stay the delisting decision. The Company's securities are eligible to trade on
the OTC Bulletin Board, however, there can be no assurance that such trading
will commence or that the Company's market makers will continue to make a
market thereon. The delisting of the Company's securities from Nasdaq will
likely have an adverse impact on the liquidity of the Company's securities and
may make it more difficult to trade in the Company's securities or liquidate an
investor's holdings. Also, such delisting may make it more difficult for the
Company to raise equity capital.
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 3, 1998 SKYLINE MULTIMEDIA ENTERTAINMENT, INC.
By: /s/Steven Schwartz
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Name: Steven Schwartz
Title: Chief Financial Officer
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