<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington DC 20549
FORM 10-QSB
(X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934.
For the quarterly period ended June 4, 1995 .
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( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934.
Commission file number 0-2331
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GLASSMASTER COMPANY
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(Exact name of small business issuer as specified in its charter)
South Carolina 57-0283724
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(State or other jurisdiction of (IRS Employer
Incorporation of organization Identification No.)
PO Box 788, Lexington SC 29071
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(Address of principal executive offices) (Zip Code)
Issuer's Telephone Number, including area code: 803-359-2594
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No Change
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(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
YES X NO
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(2) Has been subject to such filing requirements for the past 90 days
YES X NO
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Common shares outstanding June 4, 1995: 1,601,737 par value $0.03
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Glassmaster Company
Lexington SC
PART II - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
a) Exhibits.
<TABLE>
<CAPTION>
Exhibit No. Description
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<S> <C>
27 Financial Data Schedule (for SEC use only)
</TABLE>
b) Reports on Form 8-K.
There were no reports on Form 8-K filed during the quarter
ended June 4, 1995.
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.
GLASSMASTER COMPANY
Date July 12, 1995 /s/ Raymond M. Trewhella
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Raymond M. Trewhella
(President and
Principal Executive Officer)
Date July 12, 1995 /s/ Steven R. Menchinger
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Steven R. Menchinger
Treasurer, Controller, and
Principal Financial Officer)
7
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit
No. Description
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<S> <C>
27 Financial Data Schedule (for SEC use only)
</TABLE>
8
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AT JUNE 4, 1995 (UNAUDITED) AND THE CONSOLIDATED
INCOME STATEMENT FOR THE NINE MONTHS ENDED JUNE 4, 1995 (UNAUDITED) AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> AUG-31-1995
<PERIOD-START> SEP-01-1994
<PERIOD-END> JUN-04-1995
<CASH> 120
<SECURITIES> 0
<RECEIVABLES> 4,485
<ALLOWANCES> 94
<INVENTORY> 3,132
<CURRENT-ASSETS> 7,872
<PP&E> 9,377
<DEPRECIATION> 3,797
<TOTAL-ASSETS> 13,687
<CURRENT-LIABILITIES> 6,530
<BONDS> 3,265
0
0
<COMMON> 48
<OTHER-SE> 3,411
<TOTAL-LIABILITY-AND-EQUITY> 13,687
<SALES> 18,400
<TOTAL-REVENUES> 18,400
<CGS> 15,311
<TOTAL-COSTS> 15,311
<OTHER-EXPENSES> 2,533
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 396
<INCOME-PRETAX> 160
<INCOME-TAX> 64
<INCOME-CONTINUING> 96
<DISCONTINUED> 0
<EXTRAORDINARY> 287
<CHANGES> 0
<NET-INCOME> 383
<EPS-PRIMARY> .24
<EPS-DILUTED> .24
</TABLE>
