8-K

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: September 20, 2005

THE KUSHNER-LOCKE COMPANY

(Exact name of registrant as specified in its charter)

California	0-17295	95-4079057
(State or other jurisdiction	(Commission File Number)	(IRS Employer
of incorporation)		Identification No.)

280 South Beverly Drive, Suite 205, Beverly Hills, California	90212
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (310) 275-7505

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

EX-99.1

EX-99.2

EX-99.3

EX-99.4

Item 8.01. Other Events.

     As previously disclosed in its Current Report on Form 8-K filed on November 21, 2001, and the Registrant’s Form 12b-25 filed on January 2, 2002, The Kushner-Locke Company, a California corporation (the “Registrant”), and certain of its wholly-owned subsidiaries (collectively, the “Debtors”), filed on November 21, 2001, voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code. The Debtors’ Chapter 11 cases are currently pending before the United States Bankruptcy Court for the Central District of California, Los Angeles Division (the “Bankruptcy Court”) and are being jointly administered under Case No. LA-01-44828-SB.

     The Registrant’s unaudited monthly operating reports and monthly interim statements required by the Bankruptcy Court for June 2005 and July 2005 are provided in this Current Report on Form 8-K. The operating reports and interim statements have been duly filed by the Registrant with the Bankruptcy Court.

     THE OPERATING REPORTS AND THE INTERIM STATEMENTS CONTAIN FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION THAT HAVE NOT BEEN AUDITED OR REVIEWED BY INDEPENDENT ACCOUNTANTS, ARE NOT PRESENTED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, AND MAY BE SUBJECT TO FUTURE RECONCILIATION OR ADJUSTMENTS. THE OPERATING REPORTS AND INTERIM STATEMENTS MAY ALSO CONTAIN INFORMATION FOR PERIODS THAT ARE SHORTER OR OTHERWISE DIFFERENT FROM THOSE CONTAINED IN THE REGISTRANT’S REPORTS REQUIRED TO BE MADE PURSUANT TO THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

     THE REGISTRANT MAKES NO REPRESENTATIONS OR WARRANTIES WHATSOEVER AS TO ANY OF THE INFORMATION CONTAINED IN THE OPERATING REPORTS OR THE INTERIM STATEMENTS. FOR THESE REASONS, THE REGISTRANT CAUTIONS READERS NOT TO PLACE UNDUE RELIANCE UPON THE INFORMATION CONTAINED IN THE OPERATING REPORTS OR THE INTERIM STATEMENTS. THE OPERATING REPORTS AND INTERIM STATEMENTS ARE BEING PROVIDED SOLELY FOR INFORMATION PURPOSES; THEY WERE NOT PREPARED FOR THE PURPOSE OF PROVIDING THE BASIS FOR AN INVESTMENT DECISION RELATING TO THE SECURITIES OF THE REGISTRANT.

Item 9.01. Financial Statements and Exhibits.

(a)	Financial Statements of Business Acquired.
	Not Applicable.
(b)	Pro Forma Financial Information.
	Not Applicable.
(c)	Exhibits.
	Exhibit 99.1. Monthly Interim Statement of The Kushner-Locke Company (the “Registrant”) for the calendar month from June 1, 2005 to June 30, 2005.
	Exhibit 99.2. Monthly Operating Report of the Registrant for the calendar month from June 1, 2005 to June 30, 2005.
	Exhibit 99.3. Monthly Interim Statement of The Kushner-Locke Company (the “Registrant”) for the calendar month from July 1, 2005 to July 31, 2005.
	Exhibit 99.4. Monthly Operating Report of the Registrant for the calendar month from July 1, 2005 to July 31, 2005.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: September 20, 2005	THE KUSHNER-LOCKE COMPANY
	By:	/s/ Alice P. Neuhauser
		Alice P. Neuhauser
		Responsible Officer

EX-99.1

Exhibit 99.1

Page 1 of 3

Office of the United States Trustee

In re:
   The Kushner-Locke Company

Chapter 11
Case No. LA 01-44828-SB (Administratively Consolidated with
Case Nos. LA 01-44829-SB through LA 01-44831-SB; LA 01-
44833-SB through LA 01-44836-SB; and LA 01-44841-SB)

DEBTOR IN POSSESSION INTERIM STATEMENT

Statement Number:
For the Period FROM:
TO: 44
6/1/2005
6/30/2005

CASH ACTIVITY ANALYSIS (Cash Basis Only)

		Collateral		Concentration
		Account		Account
Balance before Statement #1			268,333.21		65,956.21
A. Total Receipts per all Prior Interim Statements			7,606,141.09		5,695,916.40
B. Less: Total Disbursements per all Prior Statements			5,901,903.55		5,701,427.86
C. Beginning Balance			1,972,570.75		60,444.75
D. Receipts during Current Period
Description
6/2/2005	Daro		11,858.79
6/8/2005	Wire Transfer				30,000.00
6/10/2005	Bank of Scotland- Pinocchio		355,876.14
6/22/2005	Wire Transfer				45,000.00
6/28/2005	Wire Transfer				125,000.00
6/30/2005	interest		5,231.97
TOTAL RECEIPTS THIS PERIOD			372,966.90		200,000.00		—		—
E. Balance Available (C plus D)			2,345,537.65		260,444.75	$	—	$	—

Page 2 of 3

          DEBTOR IN POSSESSION INTERIM STATEMENT NO: 44

F. Less: Disbursements during Current Period:

Date	Check No.	Payee/Purpose
6/3/2005		ADP Fees		254.48
6/7/2005		ADP Taxes		7,622.32
6/7/2005	8195	Payroll		1,213.46
6/7/2005	8196	Payroll		9,991.23
6/7/2005	8197	Payroll		1,419.16
6/7/2005	8198	Payroll		2,510.53
6/8/2005		Wire Transfer	30,000.00
6/10/2005	38254	SBC		298.99
6/10/2005	38255	Accurate Express		23.80
6/15/2005		Service Charge		181.39
6/17/2005	38256	Alice P.Neuhauser		602.08
6/17/2005	38257	Blue Shield of California		373.00
6/17/2005	38258	KEVIN MARINO		100.66
6/17/2005	38259	USI of Southern California		328.00
6/17/2005	38260	Recall		990.99
6/17/2005	38261	Personnel Concepts Limited		51.20
6/17/2005		ADP Fees		127.24
6/20/2005	38262	Still Photo Lab, Inc.		62.20
6/20/2005	38263	Arrowhead		29.38
6/21/2005		ADP Taxes		9728.61
6/21/2005	8199	Payroll		1213.46
6/21/2005	8200	Payroll		12412.14
6/21/2005	8201	Payroll		1419.17
6/21/2005	8202	Payroll		2510.53
6/22/2005		Wire Transfer	45,000.00
6/24/2005	38264	New Beginnings Enterprises		4019.06
6/24/2005	38265	Health Net		3239.13
6/24/2005	38266	SBC		83.40
6/24/2005	38267	SBC		339.61
6/24/2005	38268	Accurate Express		41.70
6/28/2005		Wire Transfer	125,000.00
6/29/2005	38269	Los Angeles County Tax Collector		40.60
6/29/2005	38270	Bonded Services, Inc.		6598.53
6/29/2005	38271	ATI Solutions, Inc.		210.00
6/29/2005	38272	Stutman Treister & Glatt		88748.12
6/29/2005	38273	Brandon & Morner-Ritt		29353.15
TOTAL DISBURSEMENTS THIS PERIOD:			200,000.00	186,137.32		—		—
G. Ending Balance (E less F)			2,145,537.65	74,307.43	$	—	$	—

Page 3 of 3

          DEBTOR IN POSSESSION INTERIM STATEMENT NO: 44

H. (1) Collateral Account:
a) Depository Name and Location:	Chase Bank 1 Chase Manhattan Plaza, New York, NY 10081
b) Account Number:	323221556
(2) Concentration Account:
a) Depository Name and Location:	Comerica Bank 10900 Wilshire Blvd, Los Angeles, CA 90024
b) Account Number:	1891935460
I: Other monies on hand:

The Kushner Locke Company PWI account	1891215236	731.10
Bank of Scotland — Pinocchio	936582	672,986.03	Pound Sterling	Time Deposit
Bank of Scotland — Basil	936582	216,733.82	Pound Sterling	Time Deposit (KL’ s interest is 50%)
Allied Pinocchio	10747301	—	Pound Sterling
Edge Entertainment	1891152710	172.89
European Films LTD	1890563818	7,051.58
City National Bank — Collection Account	112391673	609.07

I: Other monies on hand (continued):

Additionally, the Company maintains a minimal amount of Petty Cash (less than $500).

Joint Venture Accounts:
BLT Venture	178-71491-7	16,890.04
BLT Venture	16-524173-1101	330.45
KL MDP Sensation	60-066-930	17,679.61
KL\7 Venture	1890-69-6360	11,963.35
Denial Venture	1890-69-6501	72,689.62
Cracker LLC	1891-04-1665	732.79
Swing	323-518095	6,957.50

I, Alice Neuhauser, declare under penalty of perjury that the information contained in the above Debtor in Possession Interim Statement is true and correct to the best of my knowledge.

/s/ Alice Neuhauser  

Debtor in Possession 

EX-99.2

Exhibit 99.2

Page 1 of 2

Office of the United States Trustee

In re:
   The Kushner-Locke Company

Chapter 11
Case No. LA 01-44828-SB (Administratively Consolidated with
Case Nos. LA 01-44829-SB through LA 01-44831-SB; LA 01-
44833-SB through LA 01-44836-SB; and LA 01-44841-SB)

DEBTOR IN POSSESSION OPERATING REPORT

Report Number:
For the Period FROM:
TO: 44
6/1/2005
6/30/2005

1 Profit and Loss Statement (Accrual Basis Only)
A. Related to Business Operations
Gross Sales		$	—
Costs Related to Revenues (Film Cost Amortization)
Gross Profit					—
Less: Operating Expenses
Officer Compensation	35,613
Salaries and Wages — Other Employees	12,923
Total Salaries and Wages			48,536
Employee Benefits and Pensions			3,612
Employer Payroll Taxes/Fees	1,887
Other Taxes	41
Total Taxes			1,927
Rent and Lease Expense (including parking)	4,019
Distribution/Delivery Expenses	128
Interest Expense
Insurance	328
Automobile Expense/Mileage
Utilities (incl. Phone, phone equipment, internet)	722
Depreciation and Amortization
Business Equipment Leases
Business Expense reimbursement	703
Storage Expense	7,590
Supplies, Office Expenses, Photocopies, etc.	81
Bad Debts
Miscellaneous Operating Expenses	391
Total Operating Expenses			68,036
Net Gain/Loss from Business Operations					(68,036	)
B. Not related to Business Operations
Income
Interest Income
Other Non-Operating Revenues			—
Gross Proceeds on Sale of Assets	—
Less: Original Cost of Assets plus expenses of sale	—
Net Gain/Loss on Sale of Assets			—
Total Non-Operating Income					—
Expenses Not Related to Business Operations
Legal and Professional Service Fees			118,101
Other Non-Operating Expenses (Board/Trustee fees)
Total Non-Operating Expenses					118,101
NET INCOME/(LOSS) FOR PERIOD				$	(186,137	)

DEBTOR IN POSSESSION OPERATING REPORT NO: 44 Page 2 of 2

2 Aging of Accounts Payable and Accounts Receivable (exclude prepetition accounts payable):

	Accounts		Accounts
	Payable		Receivable
Current Under 30 days		—		—
Overdue 31-60 days		—		—
Overdue 61-90 days		—
Overdue 91-120 days		—
Overdue Over 121 days		—
Due in the Future		—		1,512,334
TOTAL		—		1,512,334

3	Statement of Status of Payments to Secured Creditors and Lessors:
	No payments to Secured Creditors or Lessors were paid or payable during the reporting period.
4	Tax Liability
	No tax payments were paid or payable during the reporting period other than payroll taxes shown above.
5	Insurance Coverage

	Carrier/	Amount of		Policy		Premium Paid
	Agent Name	Coverage		Expiration Date		Through Date
Worker’s Compensation (RENEWED)	St. Paul		1,000,000		1/14/2006		1/14/2006
Commercial Property (RENEWED)	St. Paul		2,000,000		2/14/2006		2/14/2006
Errors & Omissions — Library (RENEWED)	St. Paul		3,000,000		3/3/2006		3/3/2006

6 Questions:

A.	Has the Debtor in Possession provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? o Yes       Explain: þNo
B.	Has the Debtor in Possession, subsequent to the filing of the petition, made any payments on its prepetition unsecured debt, except as authorized by the Court? o Yes       Explain: þNo

7	Statement on Unpaid Professional Fees (Postpetition Amounts Only)
	Total unpaid post-petition Professional Fees during the reporting period: $148,085.87
8	Narrative Report of Significant Events and Events out of the Ordinary Course of Business:
	None.
9	Quarterly Fees:
	Paid

I, Alice Neuhauser, declare under penalty of perjury that the information contained in the above Debtor in Possession Interim Statement is true and correct to the best of my knowledge.

/s/ Alice Neuhauser

Debtor in Possession 

EX-99.3

Exhibit 99.3

Page 1 of 3

Office of the United States Trustee

In re:
  The Kushner-Locke Company

Chapter 11
Case No. LA 01-44828-SB (Administratively Consolidated with  
Case Nos. LA 01-44829-SB through LA 01-44831-SB; LA 01-
44833-SB through LA 01-44836-SB; and LA 01-44841-SB)

DEBTOR IN POSSESSION INTERIM STATEMENT

Statement Number:	45
For the Period FROM:	7/1/2005
TO:	7/31/2005

CASH ACTIVITY ANALYSIS (Cash Basis Only)

		Collateral		Concentration		City National
		Account		Account		Collection Account
Balance before Statement #1			268,333.21		65,956.21
A.  Total Receipts per all Prior Interim Statements			7,979,107.99		5,895,916.40		609.07
B.   Less: Total Disbursements per all Prior Statements			6,101,903.55		5,887,565.18		—
C.  Beginning Balance			2,145,537.65		74,307.43	$	609.07
D.  Receipts during Current Period
Description
7/7/2005	Wire Transfer				25,000.00
7/12/2005	Moving Movies						12,580.00
7/15/2005	Swen/ Deep Blue Ent.						10,700.00
7/18/2005	Tanya Miller		235.34
7/18/2005	Sony Pictures		20,803.00
7/19/2005	Vision Films		30,221.31
7/19/2005	Media Film						10,553.00
7/20/2005	Wire Transfer				35,000.00
7/25/2005	Monaco Intl						12,225.00
7/26/2005	Art Media & Finance						59,975.00
7/29/2005	Force Entertainment						12,480.00
7/31/2005	Interest		5,419.46
TOTAL RECEIPTS THIS PERIOD			56,679.11		60,000.00		118,513.00		—
E.  Balance Available (C plus D)			2,202,216.76		134,307.43	$	119,122.07	$	—

DEBTOR IN POSSESSION INTERIM STATEMENT NO: 45 Page 2 of 3

F. Less: Disbursements during Current Period:

Date	Check No.	Payee/Purpose
7/1/2005		ADP Fees		254.48
7/5/2005		ADP Taxes		8,572.22
7/5/2005	8203	Payroll		1,213.46
7/5/2005	8204	Payroll		11,083.01
7/5/2005	8205	Payroll		1,419.17
7/5/2005	8206	Payroll		2,510.52
7/6/2005		Online Banking Fee				20.00
7/7/2005		Wire Transfer	25,000.00
7/12/2005		Wire Fee				12.00
7/15/2005		ADP Fees		123.27
7/15/2005	38274	Federal Express		78.95
7/15/2005	38275	Recall		1173.92
7/15/2005	38276	Qwest Communications		66.50
7/15/2005	38277	Accurate Express		22.60
7/15/2005		Wire Fee				12.00
7/18/2005		Service Charge		174.80
7/19/2005		Wire Fee				12.00
7/19/2005		ADP Taxes		8985.23
7/19/2005	8207	Payroll		1213.44
7/19/2005	8208	Payroll		11557.70
7/19/2005	8209	Payroll		1419.17
7/19/2005	8210	Payroll		2510.53
7/20/2005		Wire Transfer	35,000.00
7/25/2005		Wire Fee				12.00
7/26/2005		Wire Fee				12.00
7/27/2005	38278	Digitronix One		127.50
7/27/2005	38279	New Beginnings Enterprises		3947.21
7/27/2005	38280	Arrowhead		16.20
7/27/2005	38281	Blue Shield of California		373.00
7/27/2005	38282	SBC		83.32
7/27/2005	38283	SBC		353.14
7/27/2005	38284	Health Net		3239.13
7/27/2005	38285	Accurate Express		46.10
7/29/2005	38286	Point 360		29.60
7/29/2005	38288	Kevin Marino		595.35
7/29/2005		ADP Fees		322.27
7/29/2005		Wire Fee				12.00
7/29/2005		Control Agreement Fee				50.00
TOTAL DISBURSEMENTS THIS PERIOD:			60,000.00	61,511.79		142.00		—
G.  Ending Balance (E less F)			2,142,216.76	72,795.64	$	118,980.07	$	—

DEBTOR IN POSSESSION INTERIM STATEMENT NO: 45 Page 3 of 3

H.	(1	)	Collateral Account:
			a)	Depository Name and Location:	Chase Bank 1 Chase Manhattan Plaza, New York, NY 10081
			b)	Account Number:	323221556
	(2	)	Concentration Account:
			a)	Depository Name and Location:	Comerica Bank 10900 Wilshire Blvd, Los Angeles, CA 90024
			b)	Account Number:	1891935460

I: Other monies on hand:

The Kushner Locke Company PWI account		731.10
Bank of Scotland — Pinocchio	936582	657,017.90	Pound Sterling	Time Deposit
Bank of Scotland — Basil	936582	217,388.13	Pound Sterling	Time Deposit (KL’ s interest is 50%)
Allied Pinocchio	10747301	—	Pound Sterling
Edge Entertainment	1891152710	172.89
European Films LTD	1890563818	7,051.58
City National Bank — Collection Account	112391673	118,980.07

I: Other monies on hand (continued):

Additionally, the Company maintains a minimal amount of Petty Cash (less than $500).

Joint Venture Accounts:
BLT Venture	178-71491-7	16,890.04
BLT Venture	16-524173-1101	330.45
KL MDP Sensation	60-066-930	17,679.61
KL\7 Venture	1890-69-6360	11,969.45
Denial Venture	1890-69-6501	72,739.01
Cracker LLC	1891-04-1665	732.79
Swing	323-518095	6,957.50

I, Alice Neuhauser, declare under penalty of perjury that the information contained in the above Debtor in Possession Interim Statement is true and correct to the best of my knowledge.

/s/ Alice Neuhauser  

Debtor in Possession 

EX-99.4

Exhibit 99.4

Page 1 of 2

Office of the United States Trustee

In re:
  The Kushner-Locke Company

Chapter 11
Case No. LA 01-44828-SB (Administratively Consolidated with
Case Nos. LA 01-44829-SB through LA 01-44831-SB; LA 01-
44833-SB through LA 01-44836-SB; and LA 01-44841-SB)

DEBTOR IN POSSESSION OPERATING REPORT

Report Number:	45
For the Period FROM:	7/1/2005
TO:	7/31/2005

1  Profit and Loss Statement (Accrual Basis Only)
A. Related to Business Operations
Gross Sales		$	—
Costs Related to Revenues (Film Cost Amortization)
Gross Profit					—
Less: Operating Expenses
Officer Compensation	36,050
Salaries and Wages — Other Employees	12,923
Total Salaries and Wages			48,973
Employee Benefits and Pensions			3,612
Employer Payroll Taxes/Fees	2,211
Other Taxes
Total Taxes			2,211
Rent and Lease Expense (including parking)	3,947
Distribution/Delivery Expenses	305
Interest Expense
Insurance
Automobile Expense/Mileage
Utilities (incl. Phone, phone equipment, internet)	503
Depreciation and Amortization
Business Equipment Leases
Business Expense reimbursement	595
Storage Expense	1,174
Supplies, Office Expenses, Photocopies, etc.	16
Bad Debts
Miscellaneous Operating Expenses	317
Total Operating Expenses			61,654
Net Gain/Loss from Business Operations					(61,654	)
B. Not related to Business Operations
Income
Interest Income
Other Non-Operating Revenues			—
Gross Proceeds on Sale of Assets	—
Less: Original Cost of Assets plus expenses of sale	—
Net Gain/Loss on Sale of Assets			—
Total Non-Operating Income					—
Expenses Not Related to Business Operations
Legal and Professional Service Fees
Other Non-Operating Expenses (Board/Trustee fees)
Total Non-Operating Expenses					—
NET INCOME/(LOSS) FOR PERIOD				$	(61,654	)

DEBTOR IN POSSESSION OPERATING REPORT NO: 45 Page 2 of 2

2 Aging of Accounts Payable and Accounts Receivable (exclude prepetition accounts payable):

	Accounts		Accounts
	Payable		Receivable
Current Under 30 days		—		—
Overdue 31-60 days		—		—
Overdue 61-90 days		—
Overdue 91-120 days		—
Overdue Over 121 days		—
Due in the Future		—		1,900,706
TOTAL		—		1,900,706

3	Statement of Status of Payments to Secured Creditors and Lessors:
	No payments to Secured Creditors or Lessors were paid or payable during the reporting period.
4	Tax Liability
	No tax payments were paid or payable during the reporting period other than payroll taxes shown above.
5	Insurance Coverage

	Carrier/	Amount of		Policy		Premium Paid
	Agent Name	Coverage		Expiration Date		Through Date
Worker’s Compensation (RENEWED)	St. Paul		1,000,000		1/14/2006		1/14/2006
Commercial Property (RENEWED)	St. Paul		2,000,000		2/14/2006		2/14/2006
Errors & Omissions — Library (RENEWED)	St. Paul		3,000,000		3/3/2006		3/3/2006

6 Questions:

A.	Has the Debtor in Possession provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? o Yes       Explain: þNo
B.	Has the Debtor in Possession, subsequent to the filing of the petition, made any payments on its prepetition unsecured debt, except as authorized by the Court? o Yes       Explain: þNo

7	Statement on Unpaid Professional Fees (Postpetition Amounts Only)
	Total unpaid post-petition Professional Fees during the reporting period: $161,202.66
8	Narrative Report of Significant Events and Events out of the Ordinary Course of Business:
	None.
9	Quarterly Fees:
	Paid

I, Alice Neuhauser, declare under penalty of perjury that the information contained in the above Debtor in Possession Interim Statement is true and correct to the best of my knowledge.

/s/ Alice Neuhauser  

Debtor in Possession