GREENMAN BROTHERS INC
10-Q/A, 1994-12-08
MISC DURABLE GOODS
Previous: GERIATRIC & MEDICAL COMPANIES INC, 10-Q/A, 1994-12-08
Next: HEINE SECURITIES CORP /ADV, SC 13D/A, 1994-12-08







                            SECURITIES AND EXCHANGE COMMISSION
                                  Washington, D.C. 20549


                                         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      July 30, 1994                          


[ ] 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      1-6083    

                       GREENMAN BROS. INC.                               
          (Exact name of Registrant as specified in its charter)

     NEW YORK                                      11-1771705            
(State or Other Jurisdiction of       (I.R.S. Employer Identification No.)
Incorporation or Organization)

105 PRICE PARKWAY, FARMINGDALE, NEW YORK                   11735          
(Address of Principal Executive Office)                  (Zip Code)

Registrant's Telephone Number, Including Area Code   (516) 293-5300       

                             NOT APPLICABLE                               
(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 (or for such shorter periods that the
registrant was required to file such reports), and (2) has been subject to
such filing requirement for the past 90 days.    YES  X      NO    

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date  5,205,462   Shares
Outstanding as of August 31,1994     

<PAGE>                                           

                  Part II - Other Information


Item 4.     Submission of Matters to a Vote of Security Holders

            At the Annual Meeting of Shareholders held July 7, 1994 the
            following persons were elected as directors of the Company.

                  
            Class 1 Directors:  (until the 1995 meeting)

            Lester Greenman
            Barry W. Ridings
            
            Class 3 Directors:  (until the 1997 meeting)

            Stanley Greenman
            Joseph A. Madenberg
            Robert Stokvis

            The following Directors continue in office for the duration of
            their terms

            Class 1 Directors: (until the 1995 meeting)
            
            Joshua Biblowitz

            Class 2 Directors: (until the 1996 meeting)

            Robin L. Farkas
            Stewart Katz
            Benjamin Zdatny

            In addition, at the Annual Meeting, the shareholders approved the
            Company's 1994 Stock Incentive Plan (the "1994 Plan"), as set forth
            in the Proxy Statement dated May 27, 1994 ( the "Proxy Statement"). 
            The holders of 2,638,933 shares voted in favor of the proposal; the
            holders of 752,247 shares voted against the proposal; the holders
            of 54,470 shares abstained from voting on the proposal; the broker
            non-vote was 1,729,069 shares.

            The shareholders approved the Company's Outside Directors' 1994
            Stock Option Plan (the "Directors' Plan") as described in the Proxy
            Statement.  The holders of   2,858,639 shares voted in favor of the
            proposal; the holders of 530,503 shares voted against the proposal;
            the holders of 56,508 shares abstained from voting on the proposal;
            the broker non-vote was 1,729,069 shares.                          

Iten 6.     Exhibits and Reports on Form 8-K

    (a)     Exhibit 27

    (b)     None









<PAGE>                                          

                                        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.


                                              GREENMAN BROS. INC.
                                                 (Registrant)




Date:  December 8, 1994                       STANLEY GREENMAN            
                                              Stanley Greenman, Chairman of
                                              the Board, Chief Executive   
                                              Officer, Director



Date:  December 8, 1994                       WILLIAM A. JOHNSON, JR.     
                                              William A. Johnson Jr., Vice
                                              President, Chief Financial   
                                              Officer and Secretary
































<PAGE>
                                          



WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 5
<MULTIPLIER>  1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-29-1994
<PERIOD-START)                             JAN-30-1994
<PERIOD-END>                               JUL-30-1994
<CASH>                                           6,353
<SECURITIES>                                         0
<RECEIVABLES>                                   17,463
<ALLOWANCES>                                     1,032
<INVENTORY>                                     41,480
<CURRENT-ASSETS>                                69,912 
<PP&E>                                          16,851
<DEPRECIATION>                                   7,858
<TOTAL-ASSETS>                                  79,185
<CURRENT-LIABILITIES>                           37,753
<BONDS>                                            606
<COMMON>                                           613
                                0
                                          0
<OTHER-SE>                                      39,923
<TOTAL-LIABILITY-AND-EQUITY>                    79,185
<SALES>                                         57,397
<TOTAL-REVENUES>                                57,397
<CGS>                                           43,786
<TOTAL-COSTS>                                   43,786
<OTHER-EXPENSES>                                19,589
<LOSS-PROVISION>                                   153
<INTEREST-EXPENSE>                                  38
<INCOME-PRETAX>                                (5,956)
<INCOME-TAX>                                   (2,383)
<INCOME-CONTINUING>                            (3,573)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (3,573)
<EPS-PRIMARY>                                    (.69)
<EPS-DILUTED>                                    (.69)
        

</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission