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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
AMENDMENT NO. 1
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Fiscal Year Ended December 31, 1997
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Transition Period From to
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Commission File Number: 811-3780
PMC CAPITAL, INC.
(Exact name of registrant as specified in its charter)
FLORIDA 59-2338539
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
17290 PRESTON ROAD, 3RD FLOOR, DALLAS, TX 75252 (972) 349-3200
(Address of principal executive offices)(Registrant's telephone number)
Securities registered pursuant to Section 12(b) of the Act:
COMMON STOCK, $.01 PAR VALUE
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 to this Form 10-K. [X]
The aggregate market value of the voting stock held by non-affiliates of the
registrant, based upon the closing sale price of the Common Stock on February
27, 1998 as reported on the American Stock Exchange, was approximately $123
million. Common Stock held by each officer and director and by each person who
owns 10% or more of the outstanding Common Stock have been excluded because such
persons may be deemed to be affiliates. This determination of affiliate status
is not necessarily a conclusive determination for other purposes.
As of February 27, 1998, the Registrant had 11,734,591 shares of Common Stock
outstanding.
DOCUMENTS INCORPORATED BY REFERENCE:
Portions of the Registrant's Proxy Statement to be filed with the Securities and
Exchange Commission within 120 days after the year covered by this Form 10-K
with respect to the Annual Meeting of Shareholders to be held on May 14, 1998
are incorporated by reference into Part III.
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EXPLANATORY NOTE
This Amendment No. 1 to Form 10-K is being filed by PMC Capital, Inc.
(the "Company") to correct a computer conversion error which inadvertently
deleted certain decimal points from numbers on the Company's Consolidated
Statements of Shareholders' Equity as originally filed with the Form 10-K,
resulting from converting the Form 10-K for purposes of filing with the
Securities and Exchange Commission via EDGAR. The dividends per share should
have been $1.08 for 1995, $1.16 for 1996 and $1.27 for 1997, as set forth on the
revised Consolidated Statements of Shareholders' Equity filed herewith.
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PMC CAPITAL, INC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
FOR THE YEARS ENDED DECEMBER 31, 1997, 1996 AND 1995
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)
<TABLE>
<CAPTION>
NET
UNDISTRIBUTED UNREALIZED
ADDITIONAL NET DEPRECIATION
COMMON PAID-IN OPERATING ON
STOCK CAPITAL INCOME INVESTMENTS TOTAL
-------- ---------- ------------- ------------ --------
<S> <C> <C> <C> <C> <C> <C>
BALANCE, JANUARY 1, 1995 ............... $ 107 $ 56,254 $ 1,387 $ (377) $ 57,371
Issuances of common stock pursuant
to dividend reinvestment and cash
purchase plan, 187,005 shares ........ 2 2,175 -- -- 2,177
Net income ............................. -- -- 11,452 (90) 11,362
Dividends:
Preferred ............................ -- -- (222) -- (222)
Common ( $1.08 per common share ) .... -- -- (11,600) -- (11,600)
-------- -------- -------- -------- --------
BALANCE, DECEMBER 31, 1995 ............. 109 58,429 1,017 (467) 59,088
Issuances of common stock pursuant
to dividend reinvestment and cash
purchase plan, 291,042 shares ........ 3 3,696 -- -- 3,699
Net income ............................. -- -- 13,188 32 13,220
Dividends:
Preferred ............................ -- -- (251) -- (251)
Common ( $1.16 per common share ) .... -- -- (12,853) -- (12,853)
-------- -------- -------- -------- --------
BALANCE, DECEMBER 31, 1996 ............. 112 62,125 1,101 (435) 62,903
Issuances of common stock pursuant
to dividend reinvestment and cash
purchase plan, 468,706 shares ........ 4 6,430 -- -- 6,434
Net income ............................. -- -- 15,981 (359) 15,622
Dividends:
Preferred ............................ -- -- (250) -- (250)
Common ( $1.27 per common share ) .... -- -- (14,543) -- (14,543)
-------- -------- -------- -------- --------
BALANCE, DECEMBER 31, 1997 ............. $ 116 $ 68,555 $ 2,289 $ (794) $ 70,166
======== ======== ======== ======== ========
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE
CONSOLIDATED FINANCIAL STATEMENTS.
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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.
Dated: April 16, 1998 PMC CAPITAL, INC.
By: /s/ Barry N. Berlin
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Barry N. Berlin
Chief Financial Officer
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