SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
(Mark One)
(x) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 [FEE REMITTED WITH FORM 10-K]
FOR THE FISCAL YEAR ENDED OCTOBER 1, 1993
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: 1-9348
QMS, INC.
(Exact name of registrant as specified in its charter)
Delaware 63-0737870
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
One Magnum Pass, Mobile, Alabama 36618
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (205) 633-4300
Securities registered pursuant to Section 12(b) of the Act:
Name of Each Exchange
Title of Each Class on Which Registered
Common Stock, $.01 New York Stock Exchange
par value per share
Rights to purchase shares of Series A
Participating Preferred Stock 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 (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 (XX) 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. ( )
Aggregate market value of the voting stock held by non-affiliates of the
registrant as of November 29, 1993: approximately $99,392,000.
Number of shares of Common Stock outstanding as of November 29, 1993:
10,700,457.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the Registrant's 1993 Annual Report to Stockholders are incorporated
by reference into Part II. Portions of the Registrant's definitive Proxy
Statement for its Annual Meeting of Stockholders to be held January 25, 1994 are
incorporated by reference into Part III.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------
FORM 11-K
ANNUAL REPORT
FILED PURSUANT TO SECTION 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
(MARK ONE)
(X) ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF
1934.
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1993.
OR
( ) TRANSITION REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT
OF 1934.
FOR THE TRANSITION PERIOD FROM ----------- TO -----------.
COMMISSION FILE NUMBER 1-9348
QMS INC. CASH OR DEFERRED RETIREMENT PLAN
QMS, INC.
ONE MAGNUM PASS
MOBILE, ALABAMA 36618
FINANCIAL STATEMENTS
The following financial statements of the Plan are filed with this Report:
* Independent Auditors' Report
* Statements of Net Assets Available for Benefits, December 31, 1993
and 1992
* Statements of Changes in Net Assets Available for Benefits Years
Ended December 31, 1993, 1992 and 1991
* Notes to Financial Statements
* Supplemental Schedules:
- Assets Held for Investment Purposes, December 31, 1993.
- Reportable Transactions - Single Transactions, Year Ended
December 31, 1993
- Reportable Transactions - Transactions Involving Securities of
the Same Issue, Year Ended December 31, 1993
* The written consent of Deloitte & Touche with respect to the 1993
plan annual financial statements is included herein as Exhibit 1.
QMS, INC. CASH OR DEFERRED
RETIREMENT PLAN
Statements of Net Assets Available for Benefits
as of December 31, 1993, and 1992, and Related
Statements of Changes in Net Assets Available
for Benefits for Each of the Three Years in the
Period Ended December 31, 1993, Additional
Information (Supplemental Schedules) and
Independent Auditors' Report
QMS, INC. CASH OR DEFERRED RETIREMENT PLAN
TABLE OF CONTENTS
PAGE
INDEPENDENT AUDITORS' REPORT 1
FINANCIAL STATEMENTS:
Statements of Net Assets Available for Benefits,
December 31, 1993 and 1992 2
Statements of Net Assets Available for Benefits,
Years Ended December 31, 1993, 1992, and 1991 3
Notes to Financial Statements 4-6
SUPPLEMENTAL SCHEDULES:
Item 27a-Schedule of Assets Held for Investment Purposes,
December 31, 1993 7
Item 27d-Schedule of Reportable Transactions, Year Ended
December 31, 1993 8-9
INDEPENDENT AUDITORS' REPORT
Plan Administrator
QMS, Inc. Cash or Deferred Retirement Plan:
We have audited the accompanying statements of net assets available for benefits
of the QMS, Inc. Cash or Deferred Retirement Plan as of December 31, 1993 and
1992, and the related statements of changes in net assets available for benefits
for each of the three years in the period ended December 31, 1993. These
financial statements are the responsibility of the Plan's management. Our
responsibility is to express an opinion on these financial statements based on
our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for benefits of the Plan at
December 31, 1993 and 1992, and the changes in its net assets available for
benefits for the three years in the period ended December 31, 1993, in
conformity with generally accepted accounting principles.
Our audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental information by fund is
presented for the purpose of additional analysis of the basic financial
statements rather than to present information regarding the net assets available
for benefits and changes in net assets available for benefits of the individual
funds, and is not a required part of the basic financial statements. Further,
the accompanying supplemental schedules of (1) Item 27a-Schedule of Assets Held
for Investment Purposes, December 31, 1993, and (2) Item 27d-Schedule of
Reportable Transactions, Year Ended December 31, 1993, are presented for the
purpose of additional analysis and are not a required part of the basic
financial statements, but are supplementary information required by the
Department of Labor's Rules and Regulations for Reporting and Disclosure under
the Employee Retirement Income Security Act of 1974. Such supplemental
information by fund and such supplemental schedules are the responsibility of
the Plan's management and have been subjected to the auditing procedures applied
in our audit of the basic 1993 financial statements and, in our opinion, are
fairly stated in all material respects when considered in relation to the basic
financial statements taken as a whole.
As discussed in Note 2 to the financial statements, the Plan changed its method
of accounting for benefits payable to participants who have withdrawn from
participation in the Plan.
/s/DELOITTE & TOUCHE
DELOITTE & TOUCHE
MOBILE, ALABAMA
June 10, 1994
QMS, INC. CASH OR DEFERRED RETIREMENT PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 1993 AND 1992
1993
SUPPLEMENTAL INFORMATION BY FUND
1993
RETIREMENT CORPORATE COMPANY TOTAL
PRESERVATION BOND STOCK CAPITAL FUNDS
ASSETS
INVESTMENTS-at current
quoted market value:
Merrill Lynch Retirement
Preservation Trust $ 4,323,818 $ 4,323,818
AmSouth Money Market
Funds
Merrill Lynch Corporate
Bond Fund Investment
Grade Class A $ 4,423 4,423
Merrill Lynch Capital
Fund Class A $5,763,863 5,763,863
AmSouth Collective
Investment
Trust Variable Income
Fund
ASO Outlook Group
Equity Fund
QMS, Inc. stock $1,535,144 1,535,144
---------- ------- --------- ---------- --------
Total Investments 4,323,818 4,423 1,535,144 5,763,863 11,627,248
EMPLOYER
CONTRIBUTIONS
RECEIVABLE 350,452 14,336 185,108 496,241 1,046,137
OTHER RECEIVABLES 96,366 1,733 57,725 132,358 288,182
-------- -------- --------- --------- --------
TOTAL ASSETS $ 4,770,636 $20,492 $1,777,977 $6,392,462 $12,961,567
LIABILITIES - DUE
TO TERMINATED EMPLOYEES -------- --------- --------- -------- ----------
NET ASSETS AVAILABLE
FOR BENEFITS $ 4,770,636 $20,492 $1,777,977 $6,392,462 $12,961,567
1993
SUPPLEMENTAL INFORMATION BY FUND
(CON'T)
1992
TOTAL
FUNDS
ASSETS
INVESTMENTS-at current
quoted market value:
Merrill Lynch Retirement
Preservation Trust
AmSouth Money Market Funds $ 753,993
Merrill Lynch Corporate
Bond Fund Investment
Grade Class A
Merrill Lynch Capital
Fund Class A
AmSouth Collective Investment
Trust Variable Income Fund 3,321,715
ASO Outlook Group
Equity Fund 3,170,008
QMS, Inc. stock 2,041,918
----------
Total Investments 9,287,634
EMPLOYER
CONTRIBUTIONS
RECEIVABLE 1,029,391
OTHER RECEIVABLES 226,128
----------
TOTAL ASSETS 10,543,153
LIABILITIES - DUE
TO TERMINATED EMPLOYEES 481,230
----------
NET ASSETS AVAILABLE
FOR BENEFITS $10,061,923
===========
See notes to financial statements.
QMS, INC. CASH OR DEFERRED RETIREMENT PLAN
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
YEARS ENDED DECEMBER 31, 1993, 1992 AND 1991
1993
SUPPLEMENTAL INFORMATION BY FUND
AMSOUTH
BENEFIT
VARIABLE DIVERSIFIED COMPANY MONEY DISTRI-
INCREASES: INCOME STOCK STOCK MARKET BUTION
Contributions:
Participants $ 515,007 $ 733,806 $ 334,029 $ 162,865 $ (318)
Employer
-------- -------- -------- ------- --------
Total contributions 515,007 733,806 334,029 162,865 (318)
-------- -------- -------- -------- --------
Investment income
(expense):
Interest 94,779 29,460 1,594 15,168 221
Dividends 70,385
-------- -------- -------- -------- --------
Total investment income 94,779 99,845 1,594 15,168 221
(expense) -------- -------- -------- --------
Net appreciation
(depreciation)
in fair value of
investments 106,649 576,447 (347,992)
Miscellaneous receipts
-------- -------- -------- -------- --------
Total increase
(decrease) 716,435 1,410,098 (12,369) 178,033 (97)
-------- --------- -------- --------
DECREASES:
Benefit payments(Note 2) 323,860 512,278 102,654 57,950
Plan assets due terminated
employees - net (Note 2)
Noncash distributions 136,093
-------- --------- -------- --------
Total decreases 323,860 512,278 238,747 57,950
-------- --------- -------- --------
INTERFUND TRANSFERS (386,908) 982,320 (277,053) (317,931) (428)
-------- --------- --------- -------- --------
NET INCREASE (DECREASE)
BEFORE CUMULATIVE EFFECT
OF CHANGE IN ACCOUNTING
PRINCIPLE 5,667 1,880,140 (528,169) (197,848) (525)
CUMULATIVE EFFECT OF CHANGE
IN ACCOUNTING PRINCIPLE
(Note 2) 97,251 229,370 138,808 15,801
--------- --------- --------- --------- --------
NET INCREASE (DECREASE) 102,918 2,109,510 (389,361) (182,047) (525)
TRANSFERS BETWEEN
TRUSTEES (3,770,413) (5,688,278) (1,757,763) (485,964)
NET ASSETS AVAILABLE
FOR BENEFITS:
Beginning of Year 3,667,495 3,578,768 2,147,124 668,011 525
--------- --------- ---------- -------- -------
End of Year $ 0 $ 0 $ 0 $ 0 $ 0
========= ========= ========= ========= ========
See note to financial statements
1993
SUPPLEMENTAL INFORMATION BY FUND
(CON'T)
MERRILL LYNCH
RETIREMENT CORPORATE COMPANY
INCREASES: PRESERVATION BOND STOCK CAPITAL
Contributions:
Participants $ 119,969 $ 6,181 $ 71,195 $165,817
Employer 350,452 14,336 185,108 496,240
-------- -------- -------- -------
Total contributions 470,421 20,517 256,303 662,057
-------- -------- -------- --------
Investment income
(expense):
Interest 43,838 4
Dividends 215,416
-------- -------- --------
Total investment income 43,838 4 215,416
(expense) -------- -------- --------
Net appreciation
(depreciation)
in fair value of
investments (29) (236,089) (173,289)
Miscellaneous receipts
-------- -------- -------- --------
Total increase
(decrease) 514,259 20,492 20,214 704,184
-------- --------- -------- --------
DECREASES:
Benefit payments(Note 2)
Plan assets due terminated
employees - net (Note 2)
Noncash distributions
Total decreases
INTERFUND TRANSFERS
NET INCREASE (DECREASE)
BEFORE CUMULATIVE EFFECT
OF CHANGE IN ACCOUNTING
PRINCIPLE 514,259 20,492 20,214 704,184
CUMULATIVE EFFECT OF CHANGE
IN ACCOUNTING PRINCIPLE
(Note 2)
--------- --------- --------- --------
NET INCREASE (DECREASE) 514,259 20,492 20,214 704,184
TRANSFERS BETWEEN
TRUSTEES 4,256,377 1,757,763 5,688,278
NET ASSETS AVAILABLE
FOR BENEFITS:
Beginning of Year
--------- --------- ---------- --------
End of Year $4,770,636 $ 20,492 $ 1,777,977 $6,392,462
========= ======== ========== =========
See note to financial statements.
1993
SUPPLEMENTAL INFORMATION BY FUND
(CON'T)
1993 1992 1991
TOTAL TOTAL TOTAL
INCREASES: FUNDS FUNDS FUNDS
Contributions:
Participants $ 2,108,551 $ 2,192,226 $ 1,898,547
Employer 1,046,136 1,029,391 914,461
---------- ---------- ----------
Total contributions 3,154,687 3,221,617 2,813,008
---------- ----------- ----------
Investment income (expense):
Interest 185,064 239,668 216,036
Dividends 285,801 179,479 80,284
----------- ----------- ---------
Total investment income 470,865 419,147 296,320
(expense) ----------- ----------- ---------
Net appreciation
(depreciation)
in fair value of
investments (74,303) 365,588 52,298
Miscellaneous receipts 146 3,686
----------- ----------- ---------
Total increase (decrease) 3,551,249 4,006,498 3,165,312
----------- ----------- ---------
DECREASES:
Benefit payments (Note 2) 996,742 1,219,611 548,856
Plan assets due terminated 242,452 4,062
employees - net (Note 2)
Noncash distributions 136,093 243,763 83,019
----------- ----------- ---------
Total decreases 1,132,835 1,705,826 635,937
----------- ----------- ---------
INTERFUND TRANSFERS
NET INCREASE (DECREASE)
BEFORE CUMULATIVE EFFECT
OF CHANGE IN ACCOUNTING
PRINCIPLE 2,418,414 2,300,672 2,529,375
CUMULATIVE EFFECT OF CHANGE
IN ACCOUNTING PRINCIPLE
(Note 2) 481,230
------------ ---------- ---------
NET INCREASE (DECREASE) 2,899,644 2,300,672 2,529,375
TRANSFERS BETWEEN TRUSTEES
NET ASSETS AVAILABLE FOR
BENEFITS:
Beginning of Year 10,061,923 7,761,251 5,231,876
----------- ----------- ----------
End of Year $12,961,567 $10,061,923 $ 7,761,251
=========== =========== ==========
See note to financial statements
QMS, INC. CASH OR DEFERRED RETIREMENT PLAN
NOTES TO FINANCIAL STATEMENTS
YEARS ENDED DECEMBER 31, 1993, 1992 AND 1991
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements of QMS, Inc. Cash or Deferred Retirement Plan (the
"Plan") are prepared on the accrual basis of accounting. Expenses of the
Plan are paid by QMS, Inc. (the "Company").
Investments of the Plan are stated at current quoted market value as
determined by the Plan's trustee.
Gain or loss from sale of investments is computed on the identified fair
value of the investment as of the beginning of the year in which the
investment is sold.
2. CHANGE IN ACCOUNTING PRINCIPLE
In 1993, the Plan changed its method of accounting for benefits payable to
comply with the 1993 AICPA Audit and Accounting Guide, Audits of Employee
Benefit Plans. The new guidance requires that benefits payable to persons
who have withdrawn from participation in a defined contribution plan be
disclosed in the footnotes to the financial statements rather than be
recorded as a liability of the Plan. As of December 31, 1993, net assets
available for benefits included benefits of $1,182,433 due to participants
who have withdrawn from participation in the Plan.
3. PLAN ADMINISTRATION
The general administration of the Plan is the responsibility of the
administrator appointed by the Board of Directors of the Company.
Plan assets are held in trust funds which are managed by Merrill Lynch.
4. DESCRIPTION OF THE PLAN
The following brief description of the Plan is provided for general
information purposes only. Participants should refer to the Plan document
for more complete information.
The Plan was approved by the Board of Directors of the Company on February
20, 1987. A registration statement filed with the Securities and Exchange
Commission on Form S-8 became effective on March 15, 1987.
A summary of the major provision of the Plan is as follows:
* Any employee of the Company or its wholly-owned domestic subsidiaries
who has completed one year of employment in which there is no less
than one thousand (1,000) hours of service may elect to become a
member of the Plan on January 1 and July 1 in each plan year
coincident with or next following the completion of such service
should his/her entry date be prior to September 30, 1989. Employees
whose entry dates are subsequent to September 30, 1989, must complete
five hundred (500) hours of service in a six-month period; such
employees are eligible to participate in the Plan on January 1, April
1, July 1 and October 1 in each plan year.
* The provisions of the Plan allow each participant to make two types of
contributions--tax-deferred contributions and/or nondeductible
contributions.
* Plan participants may elect to contribute from 1% to 19% of annual
salary to the Plan. Each employee may contribute a tax-deferred
amount not to exceed 10% of his/her annual salary for the plan year.
In addition, each employee may contribute a non-tax deferred amount up
to the aggregate of 9% of his/her salary for the plan year. Elective
deferrals are subject to a government imposed limit in any one taxable
year. For 1993, the limit was $8,994. The Company matches employee
tax deferred contributions in varying percentages with a maximum of
3.5% of an employee's annual salary.
* During 1993, the Plan changed Trustees. As a result, the plan assets
were transferred from AmSouth to Merrill Lynch. At December 31, 1993,
the employee's interest in the Plan is represented primarily by four
funds as follows:
(1) The RETIREMENT PRESERVATION FUND is to be invested in guaranteed
investment contracts and other instruments that are intended to
produce income, with a relatively low risk of loss of principal.
(2) The CORPORATE BOND FUND is to be invested in long-term corporate
bonds.
(3) The CAPITAL FUND is to be invested primarily in equity securities
but at any given time may be invested in corporate bonds or money
market securities.
(4) The COMPANY STOCK FUND is to be invested in Qualifying Employer
Securities (as defined in the Trust Agreement) which are expected
to consist principally of shares of common stock of the Company,
for the purpose of allowing members to acquire a proprietary
interest in the Company.
* Employees will be entitled to the full value of their accrued benefits
upon termination of employment, retirement due to disability or the
attainment of age 55 or older, or death. At the election of the
member, payment is to be made in either a single lump sum cash payment
or in annual or more frequent installments over a period not exceeding
ten years.
* Hardship distributions of part or all of that portion of a member's
employee deferred account consisting of Plan sponsor contributions
(but not earnings thereon) may be allowed by the Plan Administrator
before the member's termination of employment, retirement, disability
or death. Any withdrawal from the Plan may subject the member to
adverse income tax consequences.
QMS, Inc. reserves the right at any time to modify, amend or terminate the
Plan or the trust in whole or in part. If the Plan is terminated in whole
or in part, the employees shall be fully vested. Upon the Plan's
termination, all of its assets are to be used solely for the benefit of the
members and their beneficiaries. The Plan is not insured so as to provide
guaranteed benefits in the event of termination of the Plan.
5. TAX STATUS
The Internal Revenue Service has determined and informed the Company by a
letter dated September 26, 1991, that the Plan and related trust are
designed in accordance with applicable sections of the Internal Revenue
Code (IRC). The Plan has been amended since receiving the determination
letter. However, the Plan administrator and the Plan's tax counsel believe
that the Plan is designed and is currently being operated in compliance
with the applicable requirements of the IRC.
6. PLAN AMENDMENTS
There were several amendments to the Plan during 1993, the most
significant of which are as follows:
* Effective January 1, 1994, participants may begin participating in the Plan
on the first day of the month following their completion of 500 hours of
service in a six consecutive month period.
* Effective January 1, 1994, the matching formula permits the Board of
Directors to determine, at its discretion, the level of contribution to be
made. In the event the Board does not establish formula percentages prior
to the beginning of each Plan year, the Plan has a default formula which
is identical to the matching formula in the current Plan document.
* Effective January 1, 1994, Section 6 of the Plan provides for Plan loans.
The Plan restricts loans to a $500 minimum and provides that the Plan
Administrator may uniformly and in a nondiscriminatory manner restrict the
number of outstanding loans per member.
QMS, INC. CASH OR DEFERRED RETIREMENT PLAN
ITEM 27A - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
DECEMBER 31, 1993
COLUMN COLUMN COLUMN COLUMN COLUMN
A B C D E
DESCRIPTION OF
IDENTITY OF ISSUE INVESTMENT, INCLUDING
BORROWER, LESSOR, MATURITY DATE, RATE
OR SIMILAR PARTY OF INTEREST, COLLATERAL, CURRENT
PAR OR MATURITY VALUE COST VALUE
* Merrill Lynch Merrill Lynch Retirement
Preservation Trust $4,323,818 $4,323,818
* Merrill Lynch Merrill Lynch Corporate
Bond Fund Investment Grade
Class A 369.5234 units 4,453 4,423
* Merrill Lynch Merrill Lynch Capital Fund
Class A Equity Fund-
206,073.0399 units 5,937,152 5,763,863
* QMS, Inc. QMS, Inc. 170,572 shares-
$.01 par 1,828,820 1,535,144
---------- ----------
$12,094,243 $11,627,248
* Party-in-Interest.
QMS, INC. CASH OR DEFERRED RETIREMENT PLAN
ITEM 27D - SCHEDULE OF REPORTABLE TRANSACTIONS
YEAR ENDED DECEMBER 31, 1993
SINGLE TRANSACTIONS INVOLVING AN AMOUNT IN EXCESS
OF 5 PERCENT OF THE CURRENT VALUE OF PLAN ASSETS:
COLUMN A COLUMN B COLUMN C COLUMN D COLUMN G
IDENTITY OF PARTY DESCRIPTION PURCHASE SELLING COST OF
INVOLVED OF ASSET PRICE PRICE ASSET
AmSouth Bank, N.A. AmSouth Collective
Investment $ 530,000
Trust Variable
Income Fund
AmSouth Bank, N.A. AmSouth Collective
Investment $ 3,723,596 $ 3,628,153
Trust Variable
Income Fund
AmSouth Bank, N.A. AmSouth Prime 485,964 485,964
Obligation Fund
AmSouth Bank, N.A. AmSouth Prime 3,763,307 3,763,307
Obligation Fund
AmSouth Bank, N.A. AmSouth Equity Fund 5,394,688 4,837,380
AmSouth Bank, N.A. AmSouth Prime 547,808 547,808
Obligation Fund
AmSouth Bank, N.A. AmSouth Prime 3,722,602
Merrill Lynch Merrill Lynch 5,688,278
Capital Fund
Class A
Merrill Lynch Merrill Lynch 4,256,377
Retirement
Preservation
Trust
QMS, INC. CASH OR DEFERRED RETIREMENT PLAN
ITEM 27D - SCHEDULE OF REPORTABLE TRANSACTIONS
YEAR ENDED DECEMBER 31, 1993
SINGLE TRANSACTIONS INVOLVING AN AMOUNT IN EXCESS
OF 5 PERCENT OF THE CURRENT VALUE OF PLAN ASSETS:
(CON'T)
COLUMN A COLUMN B COLUMN H COLUMN I
IDENTITY OF PARTY DESCRIPTION CURRENT VALUE NET
INVOLVED OF ASSET OF ASSET ON GAIN
TRANSACTION OR
DATE (LOSS)
AmSouth Bank, N.A. AmSouth Collective
Investment $ 530,000
Trust Variable
Income Fund
AmSouth Bank, N.A. AmSouth Collective
Investment 3,723,596 $ 95,443
Trust Variable
Income Fund
AmSouth Bank, N.A. AmSouth Prime 485,964
Obligation Fund
AmSouth Bank, N.A. AmSouth Prime 3,763,308
Obligation Fund
AmSouth Bank, N.A. AmSouth Equity Fund 5,394,688 557,308
AmSouth Bank, N.A. AmSouth Prime 547,808
Obligation Fund
AmSouth Bank, N.A. AmSouth Prime 3,722,602
Merrill Lynch Merrill Lynch
Capital 5,512,971
Fund Class A
Merrill Lynch Merrill Lynch
Retirement 4,256,377
Preservation
Trust
QMS, INC. CASH OR DEFERRED RETIREMENT PLAN
ITEM 27D - SCHEDULE OF REPORTABLE TRANSACTIONS
YEAR ENDED DECEMBER 31, 1993
TRANSACTIONS INVOLVING SECURITIES OF THE SAME ISSUE,
WHEN AGGREGATED, EXCEED 5 PERCENT OF THE CURRENT
VALUE OF PLAN ASSETS
COLUMN A COLUMN B COLUMN C COLUMN D COLUMN G
IDENTITY OF PARTY DESCRIPTION NUMBER OF NUMBER OF TOTAL DOLLAR
INVOLVED OF ASSET PURCHASES SALES VALUE OF
PURCHASES
AmSouth Bank, N.A. AmSouth Money
Market Funds 313 240 $ 9,503,771
ASO Outlook Group
Prime Obligation
Fund
AmSouth Bank, N.A. ASO Outlook Group 35 25 1,923,250
Equity Fund
AmSouth Bank, N.A. AmSouth Collective 22 20 931,007
Investment Trust
Variable Income Fund
QMS, Inc. QMS, Inc. Stock 42 55 724,448
Merrill Lynch Merrill Lynch Capital 1 5,688,278
Fund Class A
Merrill Lynch Merrill Lynch Retirement 1 4,256,377
Preservation Trust
QMS, INC. CASH OR DEFERRED RETIREMENT PLAN
ITEM 27D - SCHEDULE OF REPORTABLE TRANSACTIONS
YEAR ENDED DECEMBER 31, 1993
TRANSACTIONS INVOLVING SECURITIES OF THE SAME ISSUE,
WHEN AGGREGATED, EXCEED 5 PERCENT OF THE CURRENT
VALUE OF PLAN ASSETS
(CON'T)
COLUMN A COLUMN B COLUMN H COLUMN I
IDENTITY OF PARTY DESCRIPTION TOTAL DOLLAR
INVOLVED OF ASSET VALUE OF NET GAIN
SALES OR (LOSS)
AmSouth Bank, N.A. AmSouth Money
Market Funds $ 10,257,764
ASO Outlook Group
Prime Obligation
Fund
AmSouth Bank, N.A. ASO Outlook Group 5,669,922 $ 576,664
Equity Fund
AmSouth Bank, N.A. AmSouth Collective 4,359,370 106,649
Investment Trust
Variable Income Fund
QMS, Inc. QMS, Inc. Stock 517,091 16,661
Merrill Lynch Merrill Lynch Capital
Fund Class A
Merrill Lynch Merrill Lynch Retirement
Preservation Trust
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
trustees (or other persons who administer the employee benefit plan) have duly
caused this annual report to be signed on its behalf by the undersigned hereunto
duly authorized.
QMS, INC. CASH OR DEFERRED
RETIREMENT PLAN
DATE: JUNE 28, 1994 BY: /S/GREGORY R. JONES
GREGORY R. JONES
as authorized agent of
QMS, Inc., Plan Administrator
EXHIBIT INDEX
Exhibit No. Exhibit Description Page No.
- - ----------- ------------------- ---------
1 Consent of Independent 18
Public Accounts
INDEPENDENT AUDITOR'S CONSENT
- - -----------------------------
We consent to the incorporation by reference in Registration Statement No. 33-
12063 of QMS, Inc. and subsidiaries on Form S-8 of our report dated June 10,
1994, appearing in this Annual Report on Form 11-K of QMS, Inc. Cash or Deferred
Retirement Plan for the year ended December 31, 1993.
BY: /S/DELOITTE & TOUCHE
DELOITTE & TOUCHE
Mobile, Alabama
June 28, 1994
