UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A-1
QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarter ended March 27, 1998
Commission File Number 0-28429
ZOMAX OPTICAL MEDIA, INC.
(Exact name of registrant as specified in its charter)
Minnesota 41-1833089
(state or other juris- (I.R.S. Employer
diction of incorporation) Identification No.)
5353 Nathan Lane, Plymouth, MN 55442
(Address of principal executive offices) (zip code)
Issuer's telephone number, including area code:
(612) 553-9300
Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for the past 90
days.
Yes (x) No ( )
As of April 17, 1998, the issuer had 5,294,892 shares of Common Stock, no par
value, outstanding.
<PAGE>
This amendment is being filed to refile the exhibits to the Form 10-Q for the
quarter ended March 27, 1998.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits. The following exhibit is included with the Form 10-Q
Exhibit 27.1 Financial Data Schedule for the quarter ended March 27,
1998 (included in electronic version only)
Exhibit 27.2 Financial Data Schedules for the quarters ended March
28, June 27, and September 26, 1997 and for the year
ended December 26, 1997 (included in electronic
version only)
Exhibit 27.3 Financial Data Schedules for the quarters ended June
30, and September 27, 1996 and for the year ended
December 27, 1996 (included in electronic version only)
(b) Reports on Form 8-K.
The Company filed a Form 8-K dated February 4, 1998 to report
the acquisition of Next Generation Services, LLC, Primary Marketing
Group and Primary Marketing Group Limited, which Form 8-K was
subsequently amended to file required financial statements.
<PAGE>
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
ZOMAX OPTICAL MEDIA, INC.
Date: April 24, 1998 By /s/ James T. Anderson
James T. Anderson, President and
Chief Executive Officer (principal
executive officer)
By /s/ James E. Flaherty
James E. Flaherty
Chief Financial Officer (principal
financial and accounting officer)
<PAGE>
Zomax Optical Media, Inc.
Form 10-Q/A-1 Quarterly Report
For the Quarter Ended March 27, 1998
EXHIBIT INDEX
Exhibit
Number Item
27.1 Financial Data Schedule for the quarter ended March 27, 1998 (included
in electronic version only)
27.2 Financial Data Schedules for the quarters ended March 28, June 27,
and September 26, 1997 and for the year ended December 26, 1997
(included in electronic version only)
27.3 Financial Data Schedules for the quarters ended June 30, and September
27, 1996 and for the year ended December 27, 1996
(included in electronic version only)
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<ARTICLE> 5
<MULTIPLIER> 1
<CURRENCY> U.S. Dollars
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-25-1998
<PERIOD-START> DEC-27-1997
<PERIOD-END> MAR-27-1998
<EXCHANGE-RATE> 1
<CASH> 6,596,330
<SECURITIES> 0
<RECEIVABLES> 9,011,172
<ALLOWANCES> 1,138,000
<INVENTORY> 2,479,530
<CURRENT-ASSETS> 18,802,924
<PP&E> 22,958,497
<DEPRECIATION> 5,351,000
<TOTAL-ASSETS> 37,624,341
<CURRENT-LIABILITIES> 16,741,246
<BONDS> 2,673,465
0
0
<COMMON> 12,860,654
<OTHER-SE> 4,593,976
<TOTAL-LIABILITY-AND-EQUITY> 37,624,341
<SALES> 14,232,712
<TOTAL-REVENUES> 14,291,759
<CGS> 9,938,446
<TOTAL-COSTS> 12,928,311
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 117,722
<INCOME-PRETAX> 1,245,726
<INCOME-TAX> 498,000
<INCOME-CONTINUING> 747,726
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 747,726
<EPS-PRIMARY> .14
<EPS-DILUTED> .13
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<TABLE> <S> <C>
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<S> <C> <C> <C> <C>
<PERIOD-TYPE> 3-MOS 3-MOS 3-MOS YEAR
<FISCAL-YEAR-END> DEC-26-1997 DEC-26-1997 DEC-26-1997 DEC-26-1997
<PERIOD-START> DEC-28-1996 MAR-29-1997 JUN-28-1997 DEC-28-1996
<PERIOD-END> MAR-28-1997 JUN-27-1997 SEP-26-1997 DEC-26-1997
<EXCHANGE-RATE> 1 1 1 1
<CASH> 6,592,702 5,292,727 4,689,527 5,213,417
<SECURITIES> 0 0 0 0
<RECEIVABLES> 6,139,324 7,949,747 8,794,489 8,041,198
<ALLOWANCES> 635,000 855,000 585,000 881,000
<INVENTORY> 1,701,266 2,616,316 2,812,561 1,603,170
<CURRENT-ASSETS> 16,904,230 18,844,612 17,102,072 15,753,499
<PP&E> 7,974,214 11,780,574 15,066,947 18,611,694
<DEPRECIATION> 2,582,900 3,155,000 3,171,000 4,609,000
<TOTAL-ASSETS> 24,650,915 34,472,363 33,329,836 31,026,410
<CURRENT-LIABILITIES> 8,762,854 16,566,003 13,236,141 10,704,672
<BONDS> 1,274,381 964,368 3,513,193 3,103,975
0 0 0 0
0 0 0 0
<COMMON> 12,366,814 12,707,605 12,707,605 12,721,513
<OTHER-SE> 2,246,866 2,234,387 3,872,897 3,741,250
<TOTAL-LIABILITY-AND-EQUITY> 24,650,915 34,472,363 33,329,836 31,026,410
<SALES> 7,952,495 11,540,713 13,841,719 47,876,953
<TOTAL-REVENUES> 8,034,653 11,540,713 13,841,719 48,105,301
<CGS> 5,663,191 8,392,771 8,916,594 32,773,368
<TOTAL-COSTS> 7,452,301 10,958,842 11,646,524 43,042,189
<OTHER-EXPENSES> 0 0 0 0
<LOSS-PROVISION> 0 0 0 0
<INTEREST-EXPENSE> 74,475 53,870 63,372 408,915
<INCOME-PRETAX> 633,044 564,734 2,159,421 5,218,433
<INCOME-TAX> 251,000 222,000 853,000 2,090,000
<INCOME-CONTINUING> 382,044 342,734 1,306,421 3,128,433
<DISCONTINUED> 0 0 0 0
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 382,044 342,734 1,306,421 3,128,433
<EPS-PRIMARY> 0.07 0.07 0.25 0.60
<EPS-DILUTED> 0.07 0.07 0.24 0.58
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<S> <C> <C> <C>
<PERIOD-TYPE> 3-MOS 3-MOS YEAR
<FISCAL-YEAR-END> DEC-27-1996 DEC-27-1996 DEC-27-1996
<PERIOD-START> MAR-30-1996 JUL-01-1996 JAN-01-1996
<PERIOD-END> JUN-30-1996 SEP-27-1996 DEC-27-1996
<EXCHANGE-RATE> 1 1 1
<CASH> 4,073,466 7,702,889 7,944,699
<SECURITIES> 0 0 0
<RECEIVABLES> 4,073,466 6,165,083 6,782,831
<ALLOWANCES> 280,000 410,000 531,000
<INVENTORY> 874,983 1,068,833 1,464,461
<CURRENT-ASSETS> 14,718,714 15,173,065 16,388,852
<PP&E> 6,986,426 9,113,059 9,967,412
<DEPRECIATION> 1,387,000 1,654,000 2,176,000
<TOTAL-ASSETS> 20,740,579 22,795,467 24,322,094
<CURRENT-LIABILITIES> 4,499,653 6,679,785 7,359,842
<BONDS> 2,542,875 2,078,342 1,714,374
0 0 0
0 0 0
<COMMON> 12,352,972 12,353,527 12,350,116
<OTHER-SE> 1,326,079 1,664,813 2,292,762
<TOTAL-LIABILITY-AND-EQUITY> 20,740,579 22,795,467 24,322,094
<SALES> 6,385,251 7,291,953 26,866,577
<TOTAL-REVENUES> 6,443,513 7,375,412 27,195,726
<CGS> 4,188,099 4,563,421 18,090,158
<TOTAL-COSTS> 5,757,156 5,848,789 23,813,571
<OTHER-EXPENSES> 0 0 0
<LOSS-PROVISION> 0 0 0
<INTEREST-EXPENSE> 95,171 90,451 357,166
<INCOME-PRETAX> 484,518 1,445,530 3,613,269
<INCOME-TAX> 206,214 585,853 1,461,000
<INCOME-CONTINUING> 278,304 859,677 2,152,269
<DISCONTINUED> 0 0 0
<EXTRAORDINARY> 0 0 0
<CHANGES> 0 0 0
<NET-INCOME> 278,304 859,677 2,152,269
<EPS-PRIMARY> 0.09 0.17 0.47
<EPS-DILUTED> 0.09 0.16 0.47
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