UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-Q/A
Amendment No. 1
(Mark One)
[X} QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 1998
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 No. 0-29296
TRAVEL SERVICES INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 52-2030324
------------------------------- -------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
220 Congress Park Drive
Delray Beach, Florida 33445
(Address of principal executive offices)
(Zip Code)
(561) 266-0860
(Registrant's telephone number, including area code)
(Former name, former address and former fiscal year,
if changed since last report)
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 __
The number of shares outstanding of the issuer's Common Stock, par value
$.01 per share, as of November 9, 1998, was 13,359,695.
<PAGE>
TRAVEL SERVICES INTERNATIONAL, INC.
FORM 10-Q/A
INDEX
PAGE
PART II OTHER INFORMATION
Item 6. Exhibits and reports on Form 8-K ......................... 3
SIGNATURES.................................................................. 4
2
<PAGE>
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits:
EXHIBIT NO. DESCRIPTION OF EXHIBIT
10.17 Employment Agreement, dated as of July 25, 1998, between the
Company and George Del Pino(1)
11 Schedule of Computations of Earnings Per Share(1)
27 Financial Data Schedule(2)
(b) Reports on Form 8-K:
None.
- ---------------------------------
(1) Previously Filed.
(2) Filed Herewith.
3
<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.
TRAVEL SERVICES INTERNATIONAL, INC.
Date: December 16, 1998 By: /S/ JILL M. VALES
---------------------
Jill M. Vales
Senior Vice President and Chief Financial
Officer (as both a duly authorized officer
of the registrant and the principal financial
officer or chief accounting officer of the
registrant)
4
<PAGE>
EXHIBIT INDEX
EXHIBIT DESCRIPTION
------- -----------
27 Financial Data Schedule
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
DATA IS FOR CONSOLIDATED HISTORICAL FINANCIAL STATEMENTS AS OF SEPTEMBER
30, 1998; SEE FOOTNOTE 1 BASIS OF PRESENTATION
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JUL-01-1998
<PERIOD-END> SEP-30-1998
<CASH> 37,361
<SECURITIES> 0
<RECEIVABLES> 12,737
<ALLOWANCES> 803
<INVENTORY> 0
<CURRENT-ASSETS> 53,514
<PP&E> 18,183
<DEPRECIATION> 0
<TOTAL-ASSETS> 179,853
<CURRENT-LIABILITIES> 32,437
<BONDS> 0
0
0
<COMMON> 134
<OTHER-SE> 142,482
<TOTAL-LIABILITY-AND-EQUITY> 142,616
<SALES> 97,548
<TOTAL-REVENUES> 97,548
<CGS> 53,259
<TOTAL-COSTS> 53,259
<OTHER-EXPENSES> 26,690
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 258
<INCOME-PRETAX> 17,341
<INCOME-TAX> 7,283
<INCOME-CONTINUING> 10,058
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 10,058
<EPS-PRIMARY> .86
<EPS-DILUTED> .83
</TABLE>
