================================================================================
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)
July 2, 2001
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
Attached hereto as Exhibit 99.6 is a copy of the press release issued by
the Company on July 23, 2001 relating to the Company receiving notices of
termination from Warner Bros. Consumer Products ("Warner Bros.") for two
entertainment character licensing agreements due to the non-payment by the
Company of scheduled royalties due June 30, 2001 totaling approximately $1.2
million, and as a result of the court ordered cancellation of existing surety
bonds securing payment of the guaranteed royalty obligations totaling $10.8
million under the two licensing agreements.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.6 Press Release dated July 23, 2001 by Play By Play Toys & Novelties,
Inc. regarding the Company receiving notices of termination from Warner
Bros. Consumer Products ("Warner Bros.") for two entertainment
character licensing agreements due to the non-payment by the Company of
scheduled royalties due June 30, 2001, and as a result of the court
ordered cancellation of existing surety bonds securing payment of the
guaranteed royalty obligations under the two licensing agreements.
2
INDEX TO EXHIBITS
NUMBER DESCRIPTION OF EXHIBITS
- ------ -----------------------------------------------------------------------
99.6* Press Release dated July 23, 2001 by Play By Play Toys & Novelties,
Inc. regarding the Company receiving notices of termination from Warner
Bros. Consumer Products ("Warner Bros.") for two entertainment
character licensing agreements due to the non-payment by the Company of
scheduled royalties due June 30, 2001, and as a result of the court
ordered cancellation of existing surety bonds securing payment of the
guaranteed royalty obligations under the two licensing agreements.
- ---------------------
* Included herewith
3
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 24th day of July 2001.
PLAY BY PLAY TOYS & NOVELTIES, INC.
By: /s/ JOE M. GUERRA
-------------------------------
Joe M. Guerra
CHIEF FINANCIAL OFFICER AND TREASURER
4