<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
AMENDMENT NO. 1 TO FORM 10-Q
[X] Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934: For the quarterly period ended September 30, 1996
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: 0-21393
SeaChange International, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 04-3197974
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(State or other jurisdiction (I.R.S. Employer
of incorporation or Identification No.)
organization)
124 Acton Street, Maynard, Massachusetts 01754
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(Address of principal executive offices) (Zip Code)
(978) 897-0100
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(Registrant's telephone number, including area code)
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 [_]
As of September 30, 1996 there were 9,632,356 shares of Common Stock
outstanding.
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This Amendment No.1 on Form 10-Q/A to the Quarterly Report on Form 10-
Q for the quarterly period ended September 30, 1996 (as amended, the "Report")
is being filed to amend and restate Exhibit 27 (the Financial Data Schedule) to
the Report. Such Exhibit 27 is hereby amended and restated in its entirety.
The other exhibits to the Report are not being amended and have been previously
filed with the Securities and Exchange Commission.
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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.
SEACHANGE INTERNATIONAL, INC.
Date: June 9, 1998 By: /s/ William C. Styslinger, III
---------------------------------
William C. Styslinger, III
President, Chief Executive Officer,
Chairman of the Board and Director
(Principal Executive Officer)
Date: June 9, 1998 By: /s/ Edward McGrath
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Edward McGrath
Director, Vice President, Engineering,
Chief Technical Officer, Secretary and
Acting Chief Financial Officer and
Treasurer
(Principal Financial and Accounting
Officer)
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SEACHANGE INTERNATIONAL, INC.
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit
Number Description Page
- ------ ----------- ----
<C> <S> <C>
11+ Computation of Net Income Per Share 14
27 Financial Data Schedule (For SEC Edgar Filing Only;
Intentionally Omitted)
</TABLE>
- --------------------
+ Previously filed.
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<RESTATED>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> SEP-30-1996
<CASH> 2,049
<SECURITIES> 0
<RECEIVABLES> 5,567
<ALLOWANCES> (173)
<INVENTORY> 7,506
<CURRENT-ASSETS> 15,655
<PP&E> 5,074
<DEPRECIATION> (1,143)
<TOTAL-ASSETS> 20,163
<CURRENT-LIABILITIES> 13,355
<BONDS> 0
4,008<F1>
0
<COMMON> 96
<OTHER-SE> 5,235<F2>
<TOTAL-LIABILITY-AND-EQUITY> 20,163
<SALES> 34,644
<TOTAL-REVENUES> 37,280
<CGS> 21,095
<TOTAL-COSTS> 23,966
<OTHER-EXPENSES> 7,674
<LOSS-PROVISION> 113
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 5,664
<INCOME-TAX> 2,116
<INCOME-CONTINUING> 3,548
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 3,548
<EPS-PRIMARY> .83
<EPS-DILUTED> .31
<FN>
<F1>(PREFERRED)
Series B redeemable convertible preferred
stock, $.01 par value; 1,000,000 shares of
preferred stock authorized; 650,487 shares
designated, issued and outstanding at
September 30, 1996, at issuance price, net
of issuance costs:............................. 4,008 --
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Stockholders' Equity:
Series A convertible preferred stock, $.01 par
value; 1,000,000 shares of preferred stock
authorized; 30,000 shares designated, 11,808
shares issued at September 30, 1996, at
issuance price................................. -- --
<F2>(OTHER - SE)
Additional paid-in capital .................... 415
Retained earnings.............................. 4,820
</FN>
</TABLE>
