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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004
FORM 10-Q/A
(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 number 333-38673
RB ASSET, INC.
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(Exact name of registrant as specified in its charter)
Delaware 13-5041680
- --------------------------------------------------------------------------------
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
645 Fifth Avenue Eight Floor, New York, New York 10022
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Company's telephone number, including area code: (212) 848-0201
---------------
Securities registered pursuant to section 12(b) of the Act: None
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 periods 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 Registrant's Common Stock as of November
15, 1998 was 7,100,000. The number of shares outstanding of the Registrant's 15%
Non-cumulative Perpetual Preferred Stock, Series A as of November 15, 1998 was
1,400,000.
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778812.1
<PAGE>
PART II - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits
Exhibit
Number Description
27.1 Financial Data Schedule
(b) Reports on Form 8-K
Form 8-K, dated October 27, 1998, to report information
disclosed in Part II, Item 1 of this Form 10-Q, as filed on
November 4, 1998.
778812.1
2
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 of the Securities Exchange Act of
1934, the Company has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
RB ASSET, INC.
(Registrant)
Date: November 13, 1998 By: /s/ Nelson L. Stephenson
------------------------ -------------------------
Nelson L. Stephenson
President and Chief
Executive Officer
(principal executive and
principal financial officer)
778812.1
3
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
Exhibit 27.1
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
financial statements of RB Asset, Inc. for the three months ended September 30,
1998 and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-Mos
<FISCAL-YEAR-END> Jun-30-1999
<PERIOD-START> Jul-01-1998
<PERIOD-END> Sep-30-1998
<CASH> 37,512
<SECURITIES> 1,260
<RECEIVABLES> 81,105
<ALLOWANCES> 19,140
<INVENTORY> 0
<CURRENT-ASSETS> 42,422
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 191,744
<CURRENT-LIABILITIES> 0
<BONDS> 0
0
1,400
<COMMON> 7,100
<OTHER-SE> 99,021
<TOTAL-LIABILITY-AND-EQUITY> 191,744
<SALES> 0
<TOTAL-REVENUES> 6,125
<CGS> 0
<TOTAL-COSTS> 3,141
<OTHER-EXPENSES> 934
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 1,431
<INCOME-PRETAX> 619
<INCOME-TAX> 169
<INCOME-CONTINUING> 450
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 450
<EPS-PRIMARY> 0.06
<EPS-DILUTED> 0.06
</TABLE>
