<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
AMENDMENT NO. 1
FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
(Mark One)
[X] JOINT ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1997
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 1-9319 Commission File Number 1-9320
PATRIOT AMERICAN HOSPITALITY, INC. WYNDHAM INTERNATIONAL, INC.
- -------------------------------------- --------------------------------------
(Exact name of registrant as specified (Exact name of registrant as specified
in its charter) in its charter)
Delaware 94-0358820 Delaware 94-2878485
- -------------------------------------- --------------------------------------
(State or other (I.R.S. Employer (State or other (I.R.S. Employer
jurisdiction of Identification No.) jurisdiction of Identification No.)
incorporation or incorporation or
organization) organization)
1950 Stemmons Freeway, Suite 6001 1950 Stemmons Freeway, Suite 6001
Dallas, Texas 75207 Dallas, Texas 75207
- -------------------------------------- --------------------------------------
(Address of principal (Zip Code) (Address of principal (Zip Code)
executive offices) executive offices)
(214) 863-1000 (214) 863-1000
- -------------------------------------- --------------------------------------
(Registrant's telephone number, (Registrant's telephone number,
including area code) including area code)
Securities registered pursuant to Section 12(b) of the Act:
Common Stock, par value New York Common Stock, par value New York
$0.01 per share Stock Exchange $0.01 per share Stock Exchange
- -------------------------------------- --------------------------------------
(Title of (Name of each Exchange (Title of (Name of each Exchange
each class) on which registered) each class) on which registered)
Securities registered pursuant to Section 12(g) of the Act:
none 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 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 .
--- ---
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 of this Form 10-K. [ ]
The aggregate market value of the paired voting stock held by non-
affiliates of Patriot American Hospitality, Inc. and Wyndham International, Inc.
as of March 25, 1998 was $2,488,510,573, based upon a price of $26.3125 per
paired share.
As of March 25, 1998, there were 105,386,253 paired shares of Patriot
American Hospitality, Inc. and Wyndham International, Inc. common stock issued
and outstanding.
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities and
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
Dated: March 31, 1998
PATRIOT AMERICAN HOSPITALITY, INC.
By:/s/ Paul A. Nussbaum
--------------------------
Paul A. Nussbaum
Chairman of the Board and
Chief Executive Officer
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 in the capacities and on the dates indicated.
Signature Capacities in which signed Date
--------- -------------------------- ----
/s/ Paul A. Nussbaum
- ---------------------------
Paul A. Nussbaum Chairman of the Board of Directors March 31, 1998
and Chief Executive Officer
(Principal Executive Officer)
/s/ William W. Evans III
- ---------------------------
William W. Evans III President, Chief Operating Officer March 31, 1998
and Director
/s/ Anne L. Raymond
- ---------------------------
Anne L. Raymond Executive Vice President and March 31, 1998
Chief Financial Officer
(Principal Financial Officer)
/s/ Lawrence S. Jones
- --------------------------
Lawrence S. Jones Executive Vice President and March 31, 1998
Treasurer (Principal Accounting
Officer)
/s/ John H. Daniels
- --------------------------
John H. Daniels Director March 31, 1998
/s/ John C. Deterding
- --------------------------
John C. Deterding Director March 31, 1998
/s/ Gregory R. Dillon
- --------------------------
Gregory R. Dillon Director March 31, 1998
/s/ Arch K. Jacobson
- --------------------------
Arch K. Jacobson Director March 31, 1998
/s/ James D. Carreker
- --------------------------
James D. Carreker Director March 31, 1998
/s/ Phillip J. Ward
- --------------------------
Phillip J. Ward Director March 31, 1998
/s/ Harlan R. Crow
- --------------------------
Harlan R. Crow Director March 31, 1998
43
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities and
Exchange Act of 1934, the registrant has duly caused the report to be signed on
its behalf by the undersigned thereunto duly authorized.
Dated: March 31, 1998
WYNDHAM INTERNATIONAL, INC.
By:/s/ James D. Carreker
--------------------------
James D. Carreker
Chairman of the Board and
Chief Executive Officer
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 in the capacities and on the dates indicated.
Signature Capacities in which signed Date
--------- -------------------------- ----
/s/ James D. Carreker
- -------------------------
James D. Carreker Chairman of the Board and Chief March 31, 1998
Executive Officer (Principal
Executive Officer)
/s/ Karim Alibhai
- -------------------------
Karim Alibhai President, Chief Operating Officer March 31, 1998
and Director
/s/ Lawrence S. Jones
- -------------------------
Lawrence S. Jones Executive Vice President and March 31, 1998
Treasurer (Principal Financial
Officer and Principal
Accounting Officer)
/s/ Paul A. Nussbaum
- -------------------------
Paul A. Nussbaum Director March 31, 1998
/s/ Arch K. Jacobson
- -------------------------
Arch K. Jacobson Director March 31, 1998
/s/ Leonard Boxer
- -------------------------
Leonard Boxer Director March 31, 1998
/s/ Russ Lyon, Jr.
- -------------------------
Russ Lyon, Jr. Director March 31, 1998
/s/ Burton C. Einspruch
- -------------------------
Burton C. Enspruch Director March 31, 1998
/s/ Sherwood Weiser
- -------------------------
Sherwood Weiser Director March 31, 1998
/s/ James C. Leslie
- -------------------------
James C. Leslie Director March 31, 1998
/s/ Susan T. Groenteman
- -------------------------
Susan T. Groenteman Director March 31, 1998
44
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 1997 AND 1996 AND THE
CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 1997 AND
1996 OF PATRIOT AMERICAN HOSPITALITY, INC., AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000016343
<NAME> PATRIOT AMERICAN HOSPITALITY, INC.
<MULTIPLIER> 1,000
<S> <C> <C>
<PERIOD-TYPE> 12-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1997 DEC-31-1996
<PERIOD-START> JAN-01-1997 JAN-01-1996
<PERIOD-END> DEC-31-1997 DEC-31-1996
<CASH> 20,360 6,604
<SECURITIES> 0 0
<RECEIVABLES> 12,105 5,351
<ALLOWANCES> 0 0
<INVENTORY> 1,306 1,648
<CURRENT-ASSETS> 0 0
<PP&E> 2,083,768 661,640
<DEPRECIATION> 67,501 19,815
<TOTAL-ASSETS> 2,321,105 760,931
<CURRENT-LIABILITIES> 0 0
<BONDS> 0 0
0 0
0 0
<COMMON> 733 436
<OTHER-SE> 908,294 436,603
<TOTAL-LIABILITY-AND-EQUITY> 2,321,105 760,931
<SALES> 0 0
<TOTAL-REVENUES> 185,554 76,493
<CGS> 0 0
<TOTAL-COSTS> 0 0
<OTHER-EXPENSES> 136,800 30,145
<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> 51,000 7,380
<INCOME-PRETAX> 382 37,991
<INCOME-TAX> 0 0
<INCOME-CONTINUING> 0 0
<DISCONTINUED> 0 0
<EXTRAORDINARY> (2,534) 0
<CHANGES> 0 0
<NET-INCOME> (2,152) 37,991
<EPS-PRIMARY> (0.04) 1.07
<EPS-DILUTED> (0.04) 1.06
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 1997 AND THE CONSOLIDATED
STATEMENT OF OPERATIONS FOR THE SIX MONTHS ENDED DECEMBER 31, 1997 OF WYNDHAM
INTERNATIONAL, INC., AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000715273
<NAME> WYNDHAM INTERNATIONAL, INC.
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<CASH> 27,076
<SECURITIES> 0
<RECEIVABLES> 46,340
<ALLOWANCES> 0
<INVENTORY> 9,144
<CURRENT-ASSETS> 100,662
<PP&E> 29,686
<DEPRECIATION> 1,304
<TOTAL-ASSETS> 252,088
<CURRENT-LIABILITIES> 112,821
<BONDS> 0
0
0
<COMMON> 733
<OTHER-SE> 80,132
<TOTAL-LIABILITY-AND-EQUITY> 252,088
<SALES> 167,727
<TOTAL-REVENUES> 204,134
<CGS> 0
<TOTAL-COSTS> 109,003
<OTHER-EXPENSES> 93,825
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 933
<INCOME-PRETAX> 373
<INCOME-TAX> (481)
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (20)
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
