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 Earliest Event Reported): | January 16, 2013 |
Circle Entertainment Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Delaware | 001-33902 | 36-4612924 |
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_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 650 Madison Avenue, 15th Floor, New York, New York | 10022 | |
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_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 212-796-8174 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
The appeal period for the court-approved Stipulation and Settlement Agreement to settle the stockholder derivative lawsuit filed on April 28, 2010 by The Huff Alternative Fund, L.P. and The Huff Alternative Parallel Fund, L.P. (collectively, "Huff") on behalf of Circle Entertainment Inc. (the "Company") against certain of the Company’s officers, directors and stockholders in the New York Supreme Court in Manhattan, New York (Index No. 650338-10) expired on January 14, 2013 and the related court order approving the Settlement Agreement is final and non-appealable.
The $950,000 payment due and payable under the Settlement Agreement to Huff was funded on January 16, 2013; $650,000 by the Company and $300,000 by its insurance carrier.
For additional information regarding the Settlement Agreement and the related stockholder derivative action, see Item 1. "Legal Proceedings" in Part II of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30 2012, as filed with the Securities and Exchange Commission on November 9, 2012.
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.
| Circle Entertainment Inc. | ||||
| January 23, 2013 | By: |
Mitchell J. Nelson
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| Name: Mitchell J. Nelson | ||||
| Title: Executive Vice President, General Counsel and Secretary | ||||