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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 10-QSB/A
/ X / QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 1997
OR
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transaction period from _________________ to _________________
Commission File No. 1-12677
PREFERRED EMPLOYERS HOLDINGS, INC.
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(Exact name of registrant as specified in its charter)
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<CAPTION>
Delaware 65-0698779
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<S> <C>
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
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10800 Biscayne Boulevard, Miami, Florida
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(Address of principal executive offices)
33161
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(Zip Code)
(305) 893-4040
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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 of 15(d) of the Securities Exchange Act
of 1934 during the preceding twelve 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 / /
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APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS
Indicate by a check mark whether Registrant has filed all documents and
reports required to be filed by Section 12, 13 or 15(d) if the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a
plan confirmed by a court.
Not Applicable X
APPLICABLE ONLY TO CORPORATE ISSUERS:
The number of shares outstanding of each of the issuer's classes of common
stock, as of June 30, 1997 was:
Common Stock 4,725,000 shares
(Par value $.01 per share)
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PREFERRED EMPLOYERS HOLDINGS, INC.
FORM 10-QSB
INDEX
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PART II - OTHER INFORMATION
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<S> <C> <C>
Item-6 - Exhibits and Reports on Form 8-K
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Item 6. Exhibits and Reports on Form 8-K.
(a) The following exhibits are included unless otherwise
indicated:
*27.1 Financial Data Schedule
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SIGNATURE
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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.
Preferred Employers Holdings, Inc.
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(Registrant)
Date: March 31, 1998 /s/ William R. Dresback
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By: William R. Dresback
Senior Vice President and
Chief Financial Officer (and duly
authorized to sign on behalf of the
Registrant)
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<ARTICLE> 5
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY US OF JUNE 30, 1997
AND FOR THE THREE MONTHS THEN ENDED AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
<CASH> 23,626,055
<SECURITIES> 0
<RECEIVABLES> 123,519
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 23,976,787
<PP&E> 500,827
<DEPRECIATION> 0
<TOTAL-ASSETS> 24,500,353
<CURRENT-LIABILITIES> 0
<BONDS> 0
0
0
<COMMON> 52,544
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 23,129,690
<SALES> 0
<TOTAL-REVENUES> 3,771,407
<CGS> 0
<TOTAL-COSTS> 3,359,158
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 5,088
<INCOME-PRETAX> 412,249
<INCOME-TAX> 41,233
<INCOME-CONTINUING> 412,249
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 371,016
<EPS-PRIMARY> .09
<EPS-DILUTED> .09
</TABLE>
