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 earliest event reported): July 10, 1997
JANEX INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Colorado 33-8433-D 84-1034251
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
21700 Oxnard Street, Ste. 1610, Woodland Hills, California 91367
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (818) 593-6777
Exhibit Index Page: None Page 1 of 3
Item 5. Other Events.
See the following press release, dated July 16, 1997, announcing the
delisting of the Company's securities from The Nasdaq Stock Market:
FOR IMMEDIATE RELEASE
July 16, 1997
JANEX INTERNATIONAL, INC.
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DELISTING OF SHARES FROM NASDAQ
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RESIGNATION OF DIRECTOR
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Woodland Hills, Calif., July 16, 1997 -- Sheldon F. Morick, CEO of Janex
International, Inc., a Woodland Hills based manufacturer of products for
children, announced today that The Nasdaq Stock Market, Inc. had informed the
Company today that its securities would be deleted from The Nasdaq Stock Market
effective with the close of business on July 16, 1997, as a consequence of the
Company's failure to meet the minimum capital and surplus requirements for
continued listing. Mr. Morick stated that the Company had considered numerous
offers and plans from various parties in an effort to avoid the delisting.
However, in the end none of the transactions was sufficiently definitive to
enable the Company to convince the NASD that a proposed transaction could be
accomplished within a reasonable period of time. Subject to certain conditions,
the Company's securities may be immediately eligible to trade on the OTC
Bulletin Board.
The Company also announced that Renee White Fraser resigned as a director of the
Company and its subsidiaries, on July 10, 1997, for personal reasons.
Item 6. Resignation of Registrant's Directors.
Effective July 10, 1997, for personal reasons, Renee White Fraser resigned
as a director of the Company and each of its subsidiaries.
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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: July 18, 1997
JANEX INTERNATIONAL, INC.
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(Registrant)
By: /s/ Sheldon F. Morick
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SHELDON F. MORICK,
Chief Executive Officer
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