FORM 10-K/A
AMENDMENT NO. 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
(Mark One)
[X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the fiscal year ended August 31, 1996
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 ______________________
Commission file number: 1-8308
LUBY'S CAFETERIAS, INC.
______________________________________________________________________________
(Exact name of registrant as specified in its charter)
Delaware 74-1335253
_________________________ ___________________________________
(State of Incorporation) (I.R.S. Employer Identification No.)
2211 Northeast Loop 410
Post Office Box 33069
San Antonio, Texas 78265-3069 Area Code 210 654-9000
_______________________________________ _______________________________
(Address of principal executive office) (Registrant's telephone number)
Securities registered pursuant to Section 12(b) of the Act:
Name of exchange on
Title of Class which registered
______________ ______________________
Common Stock ($.32 par value) New York Stock Exchange
Common Stock Purchase Rights New York Stock Exchange
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 and (2) has been subject to such filing
requirements for the past 90 days. Yes X No
___ ___
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of the registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [ ]
The aggregate market value of the shares of Common Stock of the registrant
held by non-affiliates of the registrant as of November 15, 1996, was
approximately $476,448,000 (based upon the assumption that directors and
officers are the only affiliates).
As of November 15, 1996, there were 23,271,600 shares of the registrant's
Common Stock outstanding, exclusive of 4,131,467 treasury shares.
Portions of the following documents are incorporated by reference into the
designated parts of this Form 10-K: annual report to shareholders for the
fiscal year ended August 31, 1996 (in Part II) and proxy statement relating to
1997 annual meeting of shareholders (in Part III).
<PAGE>
PART II
Item 8. Financial Statements and Supplementary Data.
Luby's Cafeterias, Inc.
Balance Sheets
August 31
1996 1995
________ _______
(Thousands of Dollars)
Assets
Current assets:
Cash and cash equivalents $ 2,687 $ 12,392
Trade accounts and other receivables 541 311
Food and supply inventories 4,517 4,034
Prepaid expenses 3,195 2,849
Deferred income taxes 418 629
________ ________
Total current assets 11,358 20,215
Investments and other assets - at cost:
Land held for future use 8,040 9,820
Other assets 4,303 3,188
________ ________
Total investments and other assets 12,343 13,008
Property, plant, and equipment - at cost, less
accumulated depreciation and amortization 311,589 279,157
________ ________
Total assets $335,290 $312,380
________ ________
Liabilities and Shareholders' Equity
Current liabilities:
Short-term borrowings $ - $ 57,000
Accounts payable - trade 14,568 10,969
Dividends payable 4,796 4,196
Accrued expenses and other liabilities 24,336 24,895
Income taxes payable 2,754 2,471
________ ________
Total current liabilities 46,454 99,531
Long-term debt 41,000 -
Deferred income taxes and other credits 22,163 20,145
Commitments - -
Shareholders' equity:
Common stock, $.32 par value; authorized
100,000,000 shares, issued 27,403,067 shares 8,769 8,769
Paid-in capital 26,945 26,945
Retained earnings 267,374 248,973
Less cost of treasury stock, 3,425,525
shares in 1996 and 4,089,935 shares in
1995 (77,415) (91,983)
________ ________
Total shareholders' equity 225,673 192,704
________ ________
Total liabilities and shareholders' equity $335,290 $312,380
________ ________
See accompanying notes.
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
Date: November 26, 1996 LUBY'S CAFETERIAS, INC.
(Registrant)
By: JOHN E. CURTIS, JR.
___________________________
John E. Curtis, Jr., President
Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of
the registrant and in the capacities and on the dates indicated.
Signature and Date Name and Title
RALPH ERBEN Ralph Erben, Chairman
_______________________________ of the Board, Chief Executive
November 26, 1996 Officer, and Director
JOHN E. CURTIS, JR. John E. Curtis, Jr., President,
_______________________________ Chief Operating Officer, Chief
November 26, 1996 Financial Officer, and Director
WILLIAM E. ROBSON William E. Robson, Executive Vice
________________________________ President-Operations, and
Director
November 26, 1996
RONALD E. RIEMENSCHNEIDER Ronald E. Riemenschneider, Vice
________________________________ President, Treasurer, and
November 26, 1996 Principal Accounting Officer
LAURO F. CAVAZOS Lauro F. Cavazos, Director
________________________________
November 26, 1996
DAVID B. DAVISS David B. Daviss, Director
________________________________
November 26, 1996
ROGER R. HEMMINGHAUS Roger R. Hemminghaus, Director
________________________________
November 26, 1996
JOHN B. LAHOURCADE John B. Lahourcade, Director
________________________________
November 26, 1996
WALTER J. SALMON Walter J. Salmon, Director
________________________________
November 26, 1996
GEORGE H. WENGLEIN George H. Wenglein, Director
________________________________
November 26, 1996
JOANNE WINIK Joanne Winik, Director
________________________________
November 26, 1996
