SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of report (date of earliest event reported) September 23, 1999
NewStar Media Inc.
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(Exact name of registrant as specified in its charter)
California
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(State or other jurisdiction of incorporation)
0-24984 95-4015834
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(Commission File Number) (IRS Employer Identification No.)
8955 Beverly Boulevard, Los Angeles, CA 90048
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(Address of Principal Executive Offices) (Zip Code)
310/786-1600
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(Registrant's Telephone Number, Including Area Code)
Item 5. Other Events
On September 23, 1999, The Nasdaq-Amex Market Group ("Nasdaq") informed NewStar
Media Inc. (the "Company") that the Company's common stock failed to maintain a
minimum bid price greater than or equal to $1.00 over the last thirty
consecutive trading days, as required under Marketplace Rule 4310(c)(4).
The Company will be provided ninety (90) calendar days, or until December 23,
1999, to regain compliance with the minimum bid price requirement of Rule
4310(c)(4). If at any time before December 23, 1999, the bid price of the
Company's shares is equal to or greater than $1.00 for a minimum of ten
consecutive trading days, the staff of Nasdaq will determine if compliance with
the requirement has been achieved. If the Company is unable to demonstrate
compliance with the requirement on or before December 23, 1999, the Company's
securities will be delisted from The Nasdaq SmallCap Market at the opening of
business on December 28, 1999.
If the Company's common stock is delisted, it would likely be more difficult to
buy or sell the Company's common stock or obtain timely and accurate quotations
to buy or sell. In addition, the delisting could result in a decline in the
trading market for the Company's common stock which could potentially depress
the Company's stock price, among other consequences.
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.
NEWSTAR MEDIA INC.
Date: October 1, 1999 By: /S/ Terrence A. Elkes
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Terrence A. Elkes
CHAIRMAN AND CHIEF EXECUTIVE OFFICER