UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
FORM 10-K/A
AMENDMENT NO. 1
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF
1934 For the Fiscal Year Ended September 30, 1998.
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Transition Period from ___________ to _________.
Commission File No. 333-17895
RAYOVAC CORPORATION
(Exact name of registrant as specified in its charter)
----------------------------------------------------
Wisconsin 22-2423556
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
601 Rayovac Drive 53711-2497
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (608) 275-3340
Securities registered pursuant to Section 12(b) of the Act:
Name of each exchange
Title of each class on which registered
------------------- -------------------
Common Stock, Par Value $.01 New York Stock Exchange, Inc.
Securities registered pursuant to Section 12(g) of the Act:
None
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 by check mark if disclosure of delinquent filers pursuant
to Item 405 of Regulation S-K is not contained herein, and will not be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K. [ ]
On February 10, 1999, the aggregate market value of the voting
stock held by non-affiliates of the registrant was $404,390,924. As of February
10, 1999, there were outstanding 27,484,780 shares of the registrant's Common
Stock, $0.01 par value.
<PAGE>
General
In this first amendment to the Company's Form 10-K for the fiscal year
ended September 30, 1998, the Company, in accordance with Rule 601(c)(2)(iii) of
Regulation S-K, is providing an amended Financial Data Schedule in Exhibit 27.1
(the "Amended Schedule") for the fiscal year ended September 30, 1998.
The Amended Schedule corrects two clerical errors in the original
filing for Total Current Liabilities and Cost of Tangible Goods Sold,
respectively. The Amended Schedule contains no change in previously reported
information other than as described above. The Company's audited financial
statements as of and for the fiscal year ended September 30, 1998 did not
contain these errors and are unchanged.
Exhibit
(27) Financial Data Schedule
27.1 The Amended Schedule is attached to this Form 10-K/A Amendment
No. 1 as Exhibit 27.1
2
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
RAYOVAC CORPORATION
By: /s/ David A. Jones
------------------------------------
Name: David A. Jones
Title: Chairman of the Board and Chief Executive
Officer (Principal Executive Officer)
Date: March 1, 1999
Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
registrant and in the capacities indicated as of March 1, 1999.
<TABLE>
<CAPTION>
Signature Title
--------- -----
<S> <C>
/s/ David A. Jones Chairman of the Board and Chief Executive Officer
--------------------------- (Principal Executive Officer)
David A. Jones
/s/ Kent J. Hussey President and Chief Operating Officer and Director
---------------------------
Kent J. Hussey
/s/ Roger F. Warren President - International and Contract Micropower and Director
---------------------------
Roger F. Warren
/s/ Trygve Lonnebotn Executive Vice President - Operations and Director
---------------------------
Trygve Lonnebotn
/s/ Randall J. Steward Senior Vice President - Finance and Chief
--------------------------- Financial Officer (Principal Financial Officer and Principal Accounting
Randall J. Steward Officer)
/s/ Joseph W. Deering Director
---------------------------
Joseph W. Deering
/s/ John S. Lupo Director
---------------------------
John S. Lupo
/s/ Scott A. Schoen Director
---------------------------
Scott A. Schoen
/s/ Thomas R. Shepherd Director
---------------------------
Thomas R. Shepherd
/s/ Warren C. Smith, Jr. Director
---------------------------
Warren C. Smith, Jr.
</TABLE>
3
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This amended schedule contains summary financial information extracted
from the Company's audited financial statements as of and for the fiscal year
ended September 30, 1998 and is qualified in its entirety by reference to such
financial statements. Certain information has been amended in accordance with
Item 601(c)(2)(iii) of Regulation S-K, as described in footnote 1 below.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-END> SEP-30-1998
<CASH> 1,594
<SECURITIES> 0
<RECEIVABLES> 105,691
<ALLOWANCES> 1,356
<INVENTORY> 67,762
<CURRENT-ASSETS> 183,420
<PP&E> 155,553
<DEPRECIATION> 84,186
<TOTAL-ASSETS> 286,341
<CURRENT-LIABILITIES> 101,763
<BONDS> 152,276
0
0
<COMMON> 569
<OTHER-SE> 21,305
<TOTAL-LIABILITY-AND-EQUITY> 286,341
<SALES> 495,733
<TOTAL-REVENUES> 495,733
<CGS> 258,027
<TOTAL-COSTS> 258,027
<OTHER-EXPENSES> 195,650
<LOSS-PROVISION> 1,356
<INTEREST-EXPENSE> 15,670
<INCOME-PRETAX> 25,030
<INCOME-TAX> 8,660
<INCOME-CONTINUING> 16,370
<DISCONTINUED> 0
<EXTRAORDINARY> (1,975)
<CHANGES> 0
<NET-INCOME> 14,395
<EPS-PRIMARY> 0.54
<EPS-DILUTED> 0.51
<FN>
Total Current Liabilities and Cost of Tangible Goods Sold have been
amended to correct clerical errors in the original filing. This amended schedule
contains no change in previously reported information other than as described
above. The Company's audited financial statements as of and for the fiscal year
ended September 30, 1998 did not contain these errors and are unchanged.
</FN>
</TABLE>
