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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: (Date of earliest event reported) March 10, 1997
FOUR MEDIA COMPANY
(Exact name of the registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
0-21943 95-4599440
(Commission File Number) (I.R.S. Employer Identification No.)
2813 West Alameda Avenue 91505
Burbank, CA (Zip code)
(Address of principal executive offices)
818-840-7000
(Registrant's telephone number including area code)
NOT APPLICABLE
(Former name of former address, if changed since last report)
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Four Media Company
Unaudited Condensed Statement of Operations
For the fiscal year ended August 4, 1996
(in thousands, except per share amounts)
<TABLE>
<CAPTION>
Pro Forma Pro Forma
4MC AVAC Adjustments Combined
------- -------- ----------- ----------
<S> <C> <C> <C> <C>
Revenues................................ $ 70,028 $ 14,628 $ 84,656
Cost of services........................ 43,411 10,405 53,816
--------- --------- -------------
Gross profit........................... 26,617 4,223 30,840
--------- --------- -------------
Operating expenses:
Sales, general and administrative....... 11,116 2,030 13,146
Depreciation and amortization........... 10,165 1,545 (391)(4) 11,319
--------- --------- -------------
Total operating expense................. 21,281 3,575 24,465
Income from operations................. 5,336 648 6,375
Interest expense, net................... 3,906 1,049 (947)(5) 4,008
--------- --------- -------------
Income (loss) before income tax benefit 1,430 (401) 2,367
Income tax benefits..................... 994 0 994
--------- --------- -------------
Net income (loss)....................... $ 2,424 $ (401) $ 3,361
========= ========= =============
Net income (loss) per share............. $ 0.37 $ 0.52
========= =============
Weighted average number of shares
outstanding............................ 6,475 6,475
========= ============
</TABLE>
B-3
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EXPLANATORY NOTE
The sole purpose of this Amendment to the current report on Form 8-K/A
filed with the Securities and Exchange Commission on May 23, 1997 is to correct
one number on the Four Media Company Pro Forma Unaudited Condensed Statement of
Operations for the Year Ended August 4, 1996. The corrected net income per
share is $0.52.
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.
FOUR MEDIA COMPANY
(Registrant)
Date: May 30, 1997 By /s/ John H. Sabin
------------------
John H. Sabin
Senior Vice President,
Chief Financial Officer
