U.S. 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): April 30, 2002
Commission file number 0-22464
KOALA CORPORATION
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(Exact name of small business issuer
as specified in its charter)
Colorado 84-1238908
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(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
7881 South Wheeling Court, Englewood, CO 80112
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(Address of principal executive offices)
(303) 539-8300
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(Issuer's telephone number)
Not Applicable
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(Former name, former address, and former fiscal year,
if changed since last report)
ITEM 5. OTHER EVENTS
On April 30, 2002, Mark A. Betker resigned as President, Chief
Executive Officer, Chairman of the Board and director of Koala Corporation (the
"Company"). James A. Zazenski, former Executive Vice President of the Company,
has been named President and Chief Operating Officer. Mr. Betker does not plan
to stand for re-election to the board of directors at the Company's Annual
Meeting and the board of directors does not plan to nominate a replacement
director. The board of directors plans to initiate a search for a new Chief
Executive Officer.
The Company issued a press release announcing the resignation and
promotion, a copy of which is attached hereto as Exhibit 99.1
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits.
99.1 Press Release issued April 30, 2002.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
KOALA CORPORATION
Date: April 30, 2002 By: /s/ Aimee E. Rose
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Aimee E. Rose, Vice President and
General Counsel