FORM 10-Q
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
(Amendment No. 1)
[x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended May 31, 1997
or
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Commission File Number: 333-20759
COMMEMORATIVE BRANDS, INC.
(Exact name of Registrant as specified in its charter)
Delaware 13-3915801
------------------------------- -------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
7211 Circle S Road, Austin, Texas 78745
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (512) 440-0571
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 ___
<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.
Commemorative Brands, Inc.
--------------------------------
(Registrant)
Date: July 14, 1997 By: /s/ Richard H. Fritsche
---------------------- -----------------------------
Richard H. Fritsche
Chief Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ITEM 1
FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> AUG-30-1997
<PERIOD-START> AUG-26-1996
<PERIOD-END> MAY-31-1997
<CASH> 1,011
<SECURITIES> 0
<RECEIVABLES> 39,844
<ALLOWANCES> (5,995)
<INVENTORY> 15,912
<CURRENT-ASSETS> 52,413
<PP&E> 35,667
<DEPRECIATION> 1,349
<TOTAL-ASSETS> 205,591
<CURRENT-LIABILITIES> 35,058
<BONDS> 125,648
0
47,500
<COMMON> 4
<OTHER-SE> (2,619)
<TOTAL-LIABILITY-AND-EQUITY> 205,591
<SALES> 61,678
<TOTAL-REVENUES> 61,678
<CGS> 32,746
<TOTAL-COSTS> 60,392
<OTHER-EXPENSES> 5,971
<LOSS-PROVISION> 327,432
<INTEREST-EXPENSE> 6,224
<INCOME-PRETAX> (4,685)
<INCOME-TAX> 50
<INCOME-CONTINUING> (4,735)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (4,735)
<EPS-PRIMARY> (14.09)
<EPS-DILUTED> (14.09)
</TABLE>
