8-K 1 c67914e8-k.txt CURRENT REPORT ================================================================================ 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: March 5, 2002 INTELEFILM CORPORATION ------------------------------------------------------ (Exact name of registrant as specified in its charter) MINNESOTA 0-21534 41-1663712 ---------------------------- --------------------- --------------------- (State or other jurisdiction (Commission File No.) (IRS Employer ID No.) of incorporation) 6385 Old Shady Oak Road, Suite 290, Eden Prairie, Minnesota 55344 ----------------------------------------------------------------- (Address of principal executive offices) (952) 925-8840 ---------------------------------------------------- (Registrant's telephone number, including area code) ================================================================================ ITEM 5. OTHER EVENTS (a) Reference is made to the Press Release issued to the public by the Registrant on February 28, 2002, and attached as an exhibit, relating to the completion of the sale the stock of its commercial production subsidiaries, Curious Pictures Corporation and DCODE, Inc. to a group led by the Curious Pictures management team. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (c) Exhibits 99.1 Press Release dated February 28, 2002 SIGNATURE 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. Dated: March 5, 2002 iNTELEFILM Corporation /s/ Mark A Cohn ------------------------------------ Mark A. Cohn ITS: Chief Executive Officer EXHIBIT INDEX ~~99.1 Press Release dated February 28, 2002~~

Pro forma adjustments for Pro forma after sale of the sale of the stock of stock of iNTELEFILM Chelsea Chelsea Corporation Pictures, Inc. Pictures, Inc. ------------------------------------------------------------------------ ----------------- Nine months ended September 30, 2001: Revenues $31,695,953 $ (17,129,165)(1) $ 14,566,788 Operating expenses 39,783,004 (17,682,540)(1) 22,100,464 ------------------------------------------------------------------- ----------------- Income (loss) from operations (8,087,051) 553,375 (7,533,676) Other income (expense) 50,358 -- 50,358 Minority interest 160,000 -- 160,000 Interest income (expense) - net (468,559) 127,846 (2) (340,713) ------------------------------------------------------------------- ----------------- Net income (loss) $(8,345,252) $ 681,221 $ (7,664,031) =================================================================== ================= Basic and diluted net loss per share $ (1.24) $ (1.14) =========== ============= Weighted average number of shares outstanding 6,712,000 6,712,000 =========== =============

Pro forma adjustments for Pro forma after sale of the sale of the stock of stock of iNTELEFILM Chelsea Chelsea Corporation Pictures, Inc. Pictures, Inc. ------------------------------------------------------------------------- ----------------- Year Ended December 31, 2000 Revenues $ 66,997,559 $ (22,960,137)(1) $ 44,037,422 Operating expenses 77,831,077 (22,636,981)(1) 55,194,096 -------------------------------------------------------------------- ---------------- Income (loss) from operations (10,833,518) (323,156) (11,156,674) Other income (expense) (259,724) 8,744 (250,980) Interest income (expense) - net 148,751 74,108 (2) 222,859 -------------------------------------------------------------------- ---------------- Net income (loss) $(10,944,491) $ (240,304) $(11,184,795) ==================================================================== ================ Basic and diluted net loss per share $ (1.70) $ (1.74) ============ ============ Weighted average number of shares outstanding 6,437,000 6,437,000 ============ ============

Pro forma adjustments for Pro forma after sale of the sale of the stock of stock of iNTELEFILM Chelsea Chelsea Corporation Pictures, Inc. Pictures, Inc. ----------------------------------------------------------------------- ---------------- September 30, 2001 Current assets 7,569,016 (2,350,764)(1)(2) 5,218,252 Property and equipment - net 2,606,902 (136,429)(1) 2,470,473 Intangible assets - net 5,197,508 (1,035,116)(1) 4,162,392 Note receivable -- 585,000 (3) 585,000 ------------------------- ---------------- Total assets 15,373,426 (2,937,309) 12,436,117 ========================= ================ Current liabilities 11,837,294 (2,304,680)(2)(3) 9,532,614 Long-term debt 420,223 -- 420,223 Minority interest 1,322,484 (20,049)(2) 1,302,435 Shareholders' equity 1,793,425 (612,580) 1,180,845 ------------------------- ---------------- Total liabilities and shareholders' equity 15,373,426 (2,937,309) 12,436,117 ========================= ================

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