U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB/A
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [Fee Required]
For the fiscal year ended April 30, 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 No. 0-9848
Initio, Inc.
(Name of small business issuer in its charter)
Nevada 22-1906744
- ------------------------------- --------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
2500 Arrowhead Drive, Carson City, Nevada 89706
- ------------------------------------------ ----------
(Address of principal executive offices) (Zip Code)
Issuer's telephone number, including area code: (702) 883-2711
----------------------------------------------------------------
Securities registered pursuant to Section 12(b) of the Act: None
----------------------------------------------------------------
Securities registered pursuant to Section 12(g) of the Act:
-----------------------------------------------------------
Common Shares, $.01 par value
(Title of Class)
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the 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 the filing requirements for the
past 90 days.
Yes X No _____
Check if there is no disclosure of delinquent filers in response to Item 405
of Regulation S-B in this form, and no disclosure will 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-KSB or any amendment to
this Form 10-KSB. [ ]
State Issuer's Revenues for its most recent fiscal year: $12,116,370.
State the aggregate market value of the voting stock held by non-affiliates
of the registrant: $4,128,476 (based upon the high and low prices of the
registrant's Common Shares, $.01 par value, as of July 24, 1996).
State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date.
Common Shares, $.01 Par Value 4,689,664
- ----------------------------- --------------------------------------------
(Title of Class) (No. of Shares Outstanding at July 23, 1997)
DOCUMENTS INCORPORATED BY REFERENCE: None
------------------------------------------
Transitional Small Business Disclosure Form (check one):
Yes___ No X
The following paragraph in Item 10 has been amended:
As of April 30, 1997, options to purchase 505,332 shares of the Company's
Common Stock at exercise prices ranging from $1.00 to $2.375 per share have
been granted under the Plans to 28 employees and directors. None of such
employees are executive officers of the Company, except for Messrs. Fox and
DeStefano, who have options granted in April 1996 to purchase 125,000 shares
each (all of which are currently exercisable) at $2.00 per share and for Ms.
Remes, who has options to purchase 25,000 shares (all of which are currently
exercisable) at $1.00 per share, 10,000 shares (8,000 of which are currently
exercisable) at $1.875 per share and 9,500 shares (1,900 of which are
currently exercisable) at $1.75 per share, which were granted in February
1992, October 1993 and November 1996, respectively.
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: September 9, 1997 INITIO, INC.
By: Martin Fox, 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.
Date: September 9, 1997
Martin Fox,
President and Director
Date: September 9, 1997
Daniel DeStefano,
Chairman of the Board
and Director
Date: September 9, 1997
Audrey C. Remes,
Treasurer, Chief
Financial Officer and
Chief Accounting Officer
Date: September 9, 1997
Albert P. Brodell, Jr.,
Secretary and Director
Date: September 9, 1997
Phillip Langsdorf,
Director
