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
January 28, 2003 (Date of the earliest event reported) |
DSI Toys, Inc. (Exact Name of Registrant as Specified in its Charter) |
Texas (State or other jurisdiction of incorporation or organization) | 0-22545 (Commission File Number) | 74-1673513 (IRS Employer Identification Number) |
10110 West Sam Houston Parkway, South Houston, Texas 77099 (Address of Principal Executive Offices and Zip Code) |
(713) 365-9900 (Registrants telephone number, including area code) |
ITEM 5. Other Events and Required FD Disclosure
On January 29, 2003, the Board of Directors of DSI Toys, Inc. (the "Company") announced that it received a proposal from MVII, LLC ("MVII") to engage in a going-private transaction. E. Thomas Martin, the Company's Chairman, is the majority owner of MVII. The Board of Directors has appointed a special committee of disinterested directors to consider the proposed transaction. A copy of the press release is attached as an exhibit to this report and is incorporated herein by reference.
ITEM 7. Financial Statements,Pro Forma Financial Information and Exhibits
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 thereunto duly authorized, this 30th day of January, 2003.
Dated: January 30, 2003 | DSI TOYS, INC. | |||||
By: | /s/ ROBERT L. WEISGARBER | |||||
| Robert L. Weisgarber CHIEF FINANCIAL OFFICER | ||||||
By: | /s/ JOSEPH S. WHITAKER | |||||
| Joseph S. Whitaker CHIEF EXECUTIVE OFFICER | ||||||
EXHIBIT NUMBER | DESCRIPTION | |
99.1 | Press release dated January 29, 2003. |
