UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
Amendment No. 1 to Quarterly Report on Form 10-Q
(Mark One)
X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
- ---------SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 1998
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
- ---------SECURITIES EXCHANGE ACT OF 1934
For the transition period from _____ to _____
Commission File Number 333-8925
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AMERICOMM DIRECT MARKETING, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 23-2574778
State or other jurisdiction of incorporation (I.R.S. Employer Identification
or organization) No.)
5775 Peachtree Dunwoody Road 30342
Suite C-150 (Zip code)
Atlanta, GA
(Address of principal executive offices)
Registrant's telephone number, including area code: (404) 256-1123
Indicate by check mark whether the registrant (1) has 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___
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
Outstanding as of
Class August 14 , 1998
----- ----------------
Common Stock, $.01 par value 283,807 shares
<PAGE>
The Registrant hereby amends Item 1 of the Form 10-Q filed August 14, 1998 in
order to revise certain financial information, namely, the three months ended
June 30, 1997 Condensed Statements of Operations.
AMERICOMM DIRECT MARKETING, INC.
CONDENSED STATEMENTS OF OPERATIONS
(in thousands)
<TABLE>
Three months ended Six months ended,
June 30, June 30,
-------------------------------------- --------------------------------------
1998 1997 1998 1997
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
Net sales $48,066 $47,744 $94,440 $86,602
---------------- ---------------- ---------------- ----------------
Operating costs and expenses
Cost of sales 35,328 33,215 68,782 60,808
Selling and administrative 12,381 11,234 23,690 21,079
---------------- ---------------- ---------------- ----------------
Total operating costs and 47,709 44,449 92,472 81,887
expenses
---------------- ---------------- ---------------- ----------------
Operating income 357 3,295 1,968 4,715
Interest, net 3,610 3,242 7,119 6,557
---------------- ---------------- ---------------- ----------------
Income (loss) before income taxes (3,253) 53 (5,151) (1,842)
Income tax expense (benefit) (677) 17 (1,458) (528)
---------------- ---------------- ---------------- ----------------
Net income (loss) ($2,576) $36 ($3,693) ($1,314)
================ ================ ================ ================
OTHER DATA:
Consistent with the Form S-4 filed with the Securities and Exchange
Commission on October 17, 1996, the following financial data has been
disclosed.
EBITDA is provided because it is a measure of an issuer's ability to
service its indebtedness commonly used by certain investors. EBITDA is not
a measure of financial performance under generally accepted accounting
principles and should not be considered an alternative to net income as a
measure of performance or to cash flow as a measure of liquidity.
EBITDA is defined as operating income, plus depreciation and amortization
and reflects the elimination of non-cash charges related to pension and
deferred financing costs and the elimination of gain on disposal of
equipment.
EBITDA $4,665 $6,538 $9,606 $10,656
================ ================ ================ ================
See notes to condensed financial statements.
</TABLE>
<PAGE>
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.
AMERICOMM DIRECT MARKETING, INC.
Date: August 21, 1998 Robert M. Miklas
--------------- ----------------
Robert M. Miklas
President and Chief Executive Officer
(Principal Executive Officer)
Date: August 21, 1998 Scott P. Ebert
--------------- --------------
Scott P. Ebert
Vice President and Controller
(Principal Financial Officer)
