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) July 30, 2003 (August 5, 2003)
Multimedia Games, Inc.
(Exact name of registrant as specified in its charter)
0-28318
(Commission File Number)
Texas 74-2611034
(State or other jurisdiction (IRS Employer
of incorporation) Identification No.)
206 Wild Basin Rd., Bldg. B, Suite 400, 78746
Austin, Texas (Zip Code)
(Address of principal executive offices)
(512) 334-7500
(Registrant's telephone number, including area code)
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit No. Description
----------- -----------
99.1 Press Release, dated July 29, 2003, announcing 2003 third
quarter results
99.2 Transcript of 2003 third quarter results conference call
Item 12. Results of Operation and Financial Condition.
On July 30, 2003, Multimedia Games, Inc. (the "Registrant") issued a press
release announcing its 2003 third quarter results, and on the same date held a
related conference call to discuss these results. The full text of the press
release issued in connection with the announcement, and the related conference
call transcript are attached as Exhibit Nos. 99.1 and 99.2, respectively, to
this Current Report on Form 8-K.
The information in this Current Report on Form 8-K, and the Exhibits attached
hereto shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to
the liabilities of that section, nor shall it be deemed incorporated by
reference in any filing under the Securities Act of 1933, as amended, or the
Exchange Act, except as expressly set forth by specific reference in such a
filing.
Use of Non-GAAP Financial Information
The Registrant uses the non-GAAP measure of EBITDA in its earnings releases.
EBITDA is defined as earnings before interest, taxes, depreciation and
amortization. Although EBITDA is not a measure of performance or liquidity
calculated in accordance with generally accepted accounting principles ("GAAP"),
the Registrant believes the use of the non-GAAP financial measure EBITDA
enhances an overall understanding of the Registrant's past financial performance
as well as providing useful information to the investor, because of its
historical use by the Registrant as both a performance measure and measure of
liquidity, and the use of EBITDA by virtually all companies in the gaming
equipment sector as a measure of both performance and liquidity. However,
investors should not consider this measure in isolation or as a substitute for
net income, operating income, cash flows from operating activities or any other
measure for determining the Registrant's operating performance or liquidity that
is calculated in accordance with GAAP. In addition, because EBITDA is not
calculated in accordance with GAAP, it may not necessarily be comparable to
similarly titled measures employed by other companies. The Registrant has
included a reconciliation of EBITDA to the most comparable GAAP financial
measure, net income, in the attached press release.
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.
MULTIMEDIA GAMES, INC.
Dated: August 5, 2003 By: /s/ Craig S. Nouis
--------------------------------
Craig S. Nouis
Chief Financial Officer and
Principal Accounting Officer
EXHIBIT INDEX
Exhibit No. Description
----------- -----------
99.1 Press Release, dated July 29, 2003, announcing 2003 third
quarter results
99.2 Transcript of 2003 third quarter results conference call