================================================================================ 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 Date of Report (Date of the earliest event reported) October 22, 1999 PLAY BY PLAY TOYS & NOVELTIES, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Texas 0-26374 74-2623760 (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) 4400 Tejasco San Antonio, Texas 78218 (Address of principal executive offices and zip code) (210) 829-4666 (Registrant's telephone number, including area code) ================================================================================ ITEM 5. OTHER EVENTS On October 22, 1999, Play By Play Toys & Novelties, Inc. (the "Company") received the resignation of Saul Gamoran from his position as Executive Vice-President, General Counsel, Secretary and member of the Board of Directors of the Company. 2 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, thereunto duly authorized, this 26th day of October 1999. PLAY BY PLAY TOYS & NOVELTIES, INC. By: /s/ JOE M. GUERRA --------------------------- Joe M. Guerra CHIEF FINANCIAL OFFICER 3