SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 16, 1999
IWERKS ENTERTAINMENT, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-22558 95-4439361
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
4540 West Valerio Street
Burbank, California 91505-1045
(Address of Principal Executive Offices)
(818) 841-7766
(Registrant's Telephone Number)
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ITEM 5. OTHER EVENTS
The Registrant and U.S. Stock Transfer Corporation (the "Rights Agent")
entered into a Rights Agreement Amendment dated as of July 16, 1999 (the
"Amendment") to that certain Rights Agreement dated as of May 22, 1995, as
amended by Amendment to Rights Agreement dated July 15, 1997 (as amended, the
"Rights Agreement") between the Registrant and the Rights Agent. The Amendment
provides that funds and other advisory accounts managed by Heartland Advisors,
Inc. ("Heartland Advisors Inc.") shall not constitute an Acquiring Person so
long as its aggregate beneficial ownership of Common Stock of the Registrant
does not exceed 30% of the Common Stock then outstanding.
Except as expressly amended by the Amendment, the Rights Agreement remains
in full force and effect in accordance with its terms. A copy of the Amendment
is filed as Exhibit 4.1 and is incorporated herein by this reference.
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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.
July 21, 1999 IWERKS ENTERTAINMENT, INC.
By: /s/ JEFF DAHL
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Jeff Dahl
Chief Financial Officer
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EXHIBIT INDEX
EXHIBITS PAGE NUMBER
4.1 Rights Agreement Amendment dated as of July 16, 1999,
between Iwerks Entertainment, Inc. and U.S. Stock
Transfer Corporation
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