UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________
FORM 10-K/A
AMENDMENT NO. 1
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(Mark One) [ ] Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the Fiscal Year Ended
[X] Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the Transition Period from October 1, 1995 to March 31, 1996.
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Commission File No. 0-9539
S E A R C H C A P I T A L G R O U P, I N C.
(Exact name of registrant as specified in its charter)
DELAWARE 41-1356819
(State or other jurisdiction (IRS Employer
of incorporation or organization) Identification No.)
700 NORTH PEARL, SUITE 400
PLAZA OF THE AMERICAS
NORTH TOWER, LOCK BOX 401
DALLAS, TEXAS 75201-7490
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (214) 965-6000
__________________
Securities registered pursuant to Section 12(b) of the Act:
NONE
Securities registered pursuant to Section 12(g) of the Act:
COMMON STOCK, $.01 PAR VALUE
9%/7% CONVERTIBLE PREFERRED STOCK, $.01 PAR VALUE
WARRANTS EXPIRING MARCH 14, 2001
(Title of class)
Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or Section 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 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. [ ]
APPLICABLE ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY PROCEEDINGS
DURING THE PRECEDING FIVE YEARS:
Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Section 12, 13 or 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a plan
confirmed by a court.
Yes [X] No [ ]
As of June 17, 1996, there were 27,208,225 outstanding shares (with an
aggregate market value of $35,914,857) of Registrant's $.01 par value common
stock, and the aggregate market value of shares held by non-affiliates of the
Registrant was $26,541,957 based on the average of the high and low sale price
and 20,107,543 shares held by non-affiliates).
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Exhibit
Number Description
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27.00 Financial Data Schedule for the transition period ended March 31,
1996
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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.
SEARCH CAPITAL GROUP, INC.
By: /s/ Andrew D. Plagens
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Andrew D. Plagens
Vice President, Controller and Chief
Accounting Officer
Dated: July 26, 1996
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Pursuant to the requirements of the Securities and Exchange Act of 1934,
this report has been signed below by the following person on behalf of the
Registrant and in the capacity and on the dates indicated.
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SIGNATURE TITLE DATE
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/s/ Andrew D. Plagens July 26, 1996
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Andrew D. Plagens Vice President, Controller and Chief
Accounting Officer
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<ARTICLE> 5
<LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL
INFORMATION EXTRACTED FROM COMPANY'S
10-K FILED JULY 3, WITH SECURITIES AND
EXCHANGE COMMISSION WHICH INCLUDES THE
AUDITED FINANCIAL STATEMENTS FILED IN
ITEM 8 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH 10-K.
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-START> OCT-01-1995
<PERIOD-END> MAR-31-1996
<PERIOD-TYPE> SIX MONTH TRANSITION PERIOD
<EXCHANGE RATE> 1
<CASH> 21,582,000
<SECURITIES> 0
<RECEIVABLES> 30,651,000
<ALLOWANCES> 13,353,000
<INVENTORY> 566,000
<CURRENT-ASSETS> 22,148,000
<PP&E> 2,103,000
<DEPRECIATION> 1,041,000
<TOTAL-ASSETS> 41,111,000
<CURRENT-LIABILITIES> 8,044,000
<BONDS> 0
174,000
0
<COMMON> 300,000
<OTHER-SE> 24,549,000
<TOTAL-LIABILITY-AND-EQUITY> 33,067,000
<SALES> 3,541,000
<TOTAL-REVENUES> 3,541,000
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 4,982,000
<INTEREST-EXPENSE> 1,306,000
<INCOME-PRETAX> (11,707,000)
<INCOME-TAX> 0
<INCOME-CONTINUING> (11,707,000)
<DISCONTINUED> 0
<EXTRAORDINARY> 8,709,000
<CHANGES> 0
<NET-INCOME> (2,998,000)
<EPS-PRIMARY> (.29)
<EPS-DILUTED> (.29)
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