UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C., 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November, 2007
PEACE ARCH ENTERTAINMENT GROUP INC. |
(Translation of Registrant’s name into English) |
650-1867 Yonge Street, Toronto, Ontario M4S 1Y5 |
(Address of principal executive office) |
[Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20F or Form 40-F.
Form 20-F
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Form 40-F
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[Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes
o
No
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(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
82-_______________
This Form 6-K shall be incorporated by reference into the Registration Statement on Form S-8 (File No. 333-134552) and any other Registration Statement filed by the Registrant which by its terms automatically incorporates the Registrant's filings and submissions with the SEC under Sections 13(a), 13(c) or 15(d) of the Securities Exchange Act of 1934.
Form 51-102F3
MATERIAL CHANGE REPORT
Item 1.
Name and Address of Company
PEACE ARCH ENTERTAINMENT GROUP INC.
1867 Yonge Street, Ste. 650
Toronto, Ontario
M4S 1Y5
Telephone: (416) 783-8383
Item 2.
Date of Material Change
November 6, 2007
Item 3.
Press Release
A press release was issued in Toronto, Ontario on November 6, 2007 by Filing Services Canada under section 7.1 of National Instrument 51-102 re: publication of material change. It is attached as Schedule A to this report.
Item 4.
Summary of Material Change
Jeff Sagansky, who was named Peace Arch co-chairman on September 1, 2007, has been named interim Chief Executive Officer by the Peace Arch Board of Directors pursuant to a management restructuring.
The appointment was made by the Board concurrently with Gary Howsam, the current Chief Executive Officer, being placed on administrative leave following his arrest yesterday in connection with a U.S. Federal Investigation into certain transactions between Comerica Bank and Mr. Howsam prior to his joining Peace Arch in 2003.
Item 5.
Full Description of Material Change
See a copy of the press release attached as Schedule A hereto.
Item 6.
Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
N/A
Item 7.
Omitted Information
N/A
Item 8.
Executive Officer
The Executive Officer of the Issuer who is knowledgeable about the material change and the report is Mara Di Pasquale, Chief Financial Officer, (416) 783-8383 Ext. 222.
Item 9.
Date of Report
The foregoing accurately discloses the material change referred to herein.
Dated at Toronto, Ontario, this 9th day of November, 2007.
Schedule A
UPDATE: Peace Arch Entertainment Appoints Co-Chairman Jeff Sagansky Interim CEO Pursuant to Management Restructuring
CEO Gary Howsam Placed On Administrative Leave
Toronto – November 6, 2007 -- Peace Arch Entertainment Group Inc. (AMEX:PAE - News) (TSX:PAE.TO - News), an integrated global entertainment company creating critically acclaimed television, film and DVD content for worldwide distribution, announced today that entertainment industry veteran Jeff Sagansky, who was named Peace Arch co-chairman on September 1, 2007, has been named interim Chief Executive Officer by the Peace Arch Board of Directors pursuant to a management restructuring.
The appointment was made by the Board concurrently with Gary Howsam, the current Chief Executive Officer, being placed on administrative leave following his arrest yesterday in connection with a U.S. Federal Investigation into certain transactions between Comerica Bank and Mr. Howsam prior to his joining Peace Arch in 2003. The Board has emphasized that Peace Arch is not a party to the investigation and that these activities occurred in a time period preceding Mr. Howsam’s involvement with the Company.
Mr. Sagansky, a prominent entertainment industry veteran, joined Peace Arch with a highly successful career in entertainment and media. He has held such prominent industry positions such as Chief Executive Officer of CBS Entertainment, Co-President of Sony Pictures Entertainment, President of TriStar Pictures and Senior Vice President of Programming at NBC.
In addition to Mr. Sagansky’s role, John Flock, who is currently serving as the Company’s President and Chief Operating Officer, based in Los Angeles, will operate in an expanded capacity, working directly with Mr. Sagansky. Since joining Peace Arch in May, 2004, Mr. Flock has helped set an aggressive strategy that resulted in a dramatic increase in the number productions, distribution agreements and acquisitions, including one of the largest independent English-language feature film libraries in the world.
“While the Board of Directors is hopeful that Mr. Howsam will be able to clear his name in due course, it is business as usual at Peace Arch,” said Mr. Sagansky. “We have made significant advances over the last several quarters and we are highly optimistic about the future of this great company.”
Peace Arch Entertainment's expanding line up of feature films and long-form television programming includes the powerful ensemble drama "Winged Creatures," starring Kate Beckinsale, Forest Whitaker, Jennifer Hudson, Dakota Fanning, Guy Pearce and Jackie Earle Haley, and the film comedy "The Deal" from the best-selling Peter Lefcourt novel, with a cast that includes William H. Macy, Meg Ryan, LL Cool J and Elliott Gould, as well as the hit ten-part, multi-Emmy Award®-winning television series "The Tudors" starring Golden Globe® Award-winning actor Jonathan Rhys Meyers, which premiered to record audiences on Showtime in the US in April.
Other titles in Peace Arch's lineup of theatrical films include the drama "Chapter 27" starring Jared Leto and Lindsay Lohan, which world premiered at the 2007 Sundance Film Festival; and the romantic comedy "Watching the Detectives" starring Lucy Liu and Cillian Murphy, which world premiered at the 2007 Tribeca Film Festival in New York City.
About Peace Arch Entertainment Group Inc.
Peace Arch Entertainment produces and acquires feature films, television and home entertainment content for distribution to worldwide markets. Peace Arch owns one of the largest libraries of top quality independent feature films in the world, featuring more than 500 classic and contemporary titles. Through its subsidiary, Peace Arch Home Entertainment, Peace Arch is also one of the leading distributors of DVDs and related products in Canada. For additional information, please visit www.peacearch.com. Peace Arch recently acquired Dufferin Gate Productions, one of Toronto's foremost providers of production services and facilities, and Trinity Home Entertainment, a leading distributor of independent features films in the United States.
For more investor-oriented information about Peace Arch Entertainment, visit http://www.trilogy-capital.com/tcp/peace-arch/. For current stock price quotes and news, visit http://www.trilogy-capital.com/tcp/peace-arch/quote.html. To view an Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/peace-arch/factsheet.html. To read a transcript of a recent Peace Arch investor conference call or listen to an archived recording, please visit http://www.trilogy-capital.com/tcp/peace-arch/conference.html.
FORWARD-LOOKING STATEMENT:
This press release includes statements that may constitute forward-looking statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, dependence upon third-party vendors, availability of capital and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact
Nicole Spracklin
Peace Arch Entertainment
Phone: (416) 783-8383, ext. 237
Email Contact: nspracklin@peacearch.com
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, thereunto duly authorized.
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| Peace Arch Entertainment Group Inc. | |
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| (Registrant) | |
Date | November 9, 2007 |
| By | “Mara Di Pasquale” | |
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| (Signature)* | |
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| Mara Di Pasquale, Chief Financial Officer | |
*Print the name and title under the signature of the signing officer.
GENERAL INSTRUCTIONS
A.
Rule as to Use of Form 6-K,
This form shall be used by foreign private issuers which are required to furnish reports pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
B.
Information and Document required to be Furnished,
Subject to General Instruction D herein, an issuer furnishing a report on this form shall furnish whatever information, not required to be furnished on Form 40-F or previously furnished, such issuer (I) makes or is required to make public pursuant to the law of the jurisdiction of its domicile or in which it is incorporated or organized, or (ii) files or is required to file with a stock exchange on which its securities are traded and which was ;made public by that exchange, or (iii) distributes or is required to distribute to its security holders.
The information required to be furnished pursuant to (I), (ii) or (iii) above is that which is material with respect to the issuer and its subsidiaries concerning: changes in business; changes in management or control; acquisitions or dispositions of assets; bankruptcy or receivership; changes in registrant’s certifying accountants; the financial condition and results of operations; material legal proceedings; changes in securities or in the security for registered securities; defaults upon senior securities; material increases or decreases in the amount outstanding of securities or indebtedness; the results of the submission of matters to a vote of security holders; transactions with directors, officers or principal security holders; the granting of options or payment of other compensation to directors or officers; and any other information which the registrant deems of material importance to security holders.
This report is required to be furnished promptly after the material contained in the report is made public as described above. The information and documents furnished in this report shall not be deemed to be “filed” for the purpose of Section 18 of the Act or otherwise subject to the liabilities of that section.
If a report furnished on this form incorporates by reference any information not previously filed with the Commission, such information must be attached as an exhibit and furnished with the form.
C.
Preparation and Filing of Report
This report shall consist of a cover page, the document or report furnished by the issuer, and a signature page. Eight complete copies of each report on this form shall be deposited with the Commission. At least one complete copy shall be filed with each United States stock exchange on which any security of the registrant is listed and registered under Section 12(b) of the Act. At least one of the copies deposited with the Commission and one filed with each such exchange shall be manually signed. Unsigned copies shall be conformed.
D.
Translations of Papers and Documents into English
Reference is made to Rule 12b-12(d) [17 CFR 240.12b-12(d)]. Information required to be furnished pursuant to General Instruction B in the form of press releases and all communications or materials distributed directly to security holders of each class of securities to which any reporting obligation under Section 13(a) or 15(d) of the Act relates shall be in the English language. English versions or adequate summaries in the English language of such materials may be furnished in lieu of original English translations.
Notwithstanding General Instruction B, no other documents or reports, including prospectuses or offering circulars relating to entirely foreign offerings, need be furnished unless the issuer otherwise has prepared or caused to be prepared English translations, English versions or summaries in English thereof. If no such English translations, versions or summary have been prepared, it will be sufficient to provide a brief description in English of any such documents or reports. In no event are copies of original language documents or reports required to be furnished.