UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB/A
(Amendment No. One)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
[NO FEE REQUIRED]
For the fiscal year ended June 30, 1998
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934
[NO FEE REQUIRED]
For the transition period from to
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Commission file number 0-23345
WYMAN PARK BANCORPORATION, INC.
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(Name of small business issuer in its charter)
Delaware 52-2068893
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
11 West Ridgely Road, Lutherville, Maryland 21093
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 252-6450
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Securities Registered Pursuant to Section 12(b) of the Act:
None
Securities Registered Pursuant to Section 12(g) of the Act:
Common Stock, par value $0.01 per share
(Title of class)
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 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 ___.
Check if there is no disclosure of delinquent filers in response to Item
405 of Regulation S-B contained herein, and no disclosure will 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-KSB or any
amendment to this Form 10-KSB. [X]
State the issuer's revenues for its most recent fiscal year: $5,174,000.
The aggregate market value of the voting stock held by non-affiliates of
the registrant, computed by reference to the average of the bid and ask price of
such stock as of June 30, 1998, was approximately $12.2 million. (The exclusion
from such amount of the market value of the shares owned by any person shall not
be deemed an admission by the registrant that such person is an affiliate of the
registrant.)
As of June 30, 1998, there were 1,011,713 shares issued and outstanding of
the Registrant's Common Stock.
DOCUMENTS INCORPORATED BY REFERENCE
PartsII of Form 10-KSB - Annual Report to Stockholders for the fiscal year
ended June 30, 1998.
Part III of Form 10-KSB - Portions of Proxy Statement for 1998 Annual
Meeting of Stockholders.
<PAGE>
SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
WYMAN PARK BANCORPORATION,
INC.
Date: May 3, 1999 By: /s/ Ernest A. Moretti
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Ernest A. Moretti
(Duly Authorized Representative)
In accordance with the Exchange Act, this report has been signed below by
the following persons on behalf of the registrant and in the capacities and on
the dates indicated.
By: /s/ Ernest A. Moretti By: /s/ Ronald W. Robinson
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Ernest A. Moretti, Director, Ronald W. Robinson,
President and Chief Executive Chief Financial Officer
Officer (Chief Financial and Accounting
(Principal Executive and Operating Officer)
Officer)
Date: May 3, 1999 Date: May 3, 1999
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By: /s/ Allan B. Heaver By: /s/ H. Douglas Huether
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Allan B. Heaver, Chairman of H. Douglas Huether, Director
the Board
Date: May 3, 1999 Date: May 3, 1999
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By: By: /s/ John R. Beever
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John K. White, Director John R. Beever, Director
Date: Date: May 3, 1999
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By: /s/ Albert M. Copp By:
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Albert M. Copp, Director Gilbert D. Marsiglia, Sr., Director
Date: May 3, 1999 Date:
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By: /s/ Jay H. Salkin By:
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Jay H. Salkin, Director G. Scott Barhight, Director
Date: May 3, 1999 Date:
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<PAGE>
Index to Exhibits
Regulation S-B Reference to
Exhibit Exhibit-Number
Number Document Attached Hereto
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13 Annual Report to Security Holders 13
EXHIBIT 13
ANNUAL REPORT TO SECURITY HOLDERS
<PAGE>
Anderson Associates, LLP
Certified Public Accountants
7621 Fitch Lane
Baltimore, Maryland 21236
410-882-8050
Independent Auditor's Report
The Board of Directors
Wyman Park Bancorporation, Inc.
Lutherville, Maryland
We have audited the accompanying consolidated statements of financial condition
of Wyman Park Bancorporation, Inc. and Subsidiaries as of June 30, 1998, and the
related consolidated statements of income, stockholders' equity and cash flows
for the year ended June 30, 1998. These consolidated financial statements are
the responsibility of Wyman Park Bancorporation, Inc.'s management. Our
responsibility is to express an opinion on these consolidated financial
statements based on our audit. The consolidated statement of financial condition
of Wyman Park Bancorporation, Inc. and Subsidiaries as of June 30, 1997 and the
related statements of income, stockholders' equity and cash flows for the year
ended June 30, 1997 were audited by other auditors whose report, dated July 18,
1997, expressed on those statements an unqualified opinion.
We conducted our audit in accordance with generally accepted auditing standards.
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the consolidated financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the consolidated financial statements.
An audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides a reasonable basis
for our opinion.
In our opinion, the consolidated financial statements referred to above present
fairly, in all material respects, the consolidated financial position of Wyman
Park Bancorporation, Inc. and Subsidiaries at June 30, 1998, and the
consolidated results of their operations and their cash flows for the year ended
June 30, 1998, in conformity with generally accepted accounting principles.
/s/ Anderson Associates, LLP
July 24, 1998
Baltimore, Maryland
<PAGE>
Wooden
& Benson
Chartered
Certified Public Accountants
Independent Auditors' Report
The Board of Directors
Wyman Park Federal Savings and Loan
Association and Subsidiary
Lutherville, Maryland
We have audited the accompanying consolidated statements of financial
condition of Wyman Park Federal Savings and Loan Association and Subsidiary as
of June 30, 1997 and 1996 and the related consolidated statements of operations,
equity and cash flows for the years then ended. These financial statements are
the responsibility of the Association's management. Our responsibility is to
express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audits to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above
present fairly, in all material respects, the consolidated financial position of
Wyman Park Federal Savings and Loan Association and Subsidiary as of June 30,
1997 and 1996, and the consolidated results of their operations and their cash
flows for the years then ended, in conformity with generally accepted accounting
principles.
/s/ Wooden & Benson
July 18, 1997
Baltimore, Maryland
