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
For the fiscal year ended DEC-31-1994
or
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
Commission File Number 0-8016
OLD STONE CORPORATION
(Exact name of registrant as specified in its charter)
Rhode Island 05-0341273
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
Four Davol Square, Suite 320
Providence, Rhode Island 02903
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (401) 521-0065
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
Common Stock ($1.00 par value)
Cumulative Voting Convertible Preferred Stock, Series B
($20.00 Stated Value, $1.00 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
Rule 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 amendments to this Form 10-K. [X]
On January 29, 1993, the Registrant's Common Stock and Preferred Stock
were delisted from listing on NASDAQ; accordingly, since that date there
has been no established trading market, and no ascertainable market
value, for such stock. See "Business--Background".
As of the close of business on May 5, 1995, 8,246,175 shares of the
Registrant's Common Stock were outstanding.
1. AMENDMENT NO. 1
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM
8-K
(a) 1. and 2. List of Financial Statements and Financial Statement
Schedules
(1) The following consolidated financial statements and report of
independent accountants of the Corporation and subsidiaries are
filed as Exhibit 99 to the Corporation's Annual Report on Form
10-K for the year ended December 31, 1994 and are hereby
incorporated by reference herein.
Consolidated Balance Sheets - December 31, 1994 and 1993
Consolidated Statements of Operations - Years ended December 31,
1994, 1993 and 1992
Consolidated Statements of Changes in Stockholders' Equity
(Deficit) - Years ended December 31, 1994, 1993 and 1992
Consolidated Statements of Cash Flow - Years ended December 31,
1994, 1993 and 1992
Notes to Consolidated Financial Statements
Independent Auditors' Report
Letter from Management regarding 1992 consolidated financial statements
(2) Schedules to the consolidated financial statements required by Article
9 of Regulation S-X are not required under the related instructions or
are inapplicable and therefore have been omitted.
(3) List of Exhibits -- See Item 14(c) below.
(b) Reports on Form 8-K
None
(c) Exhibit Index.
Exhibit Page
(21) Subsidiaries of the Registrant
(Exhibit 21 to the Corporation's
Annual Report on Form 10-K for the
year ended December 31, 1994 is
hereby incorporated by reference
herein.)
(27) (See Financial Data Schedule BD
attached hereto as EX-27)
(99) Consolidated Financial Statements
(Exhibit 99 to the Corporation's
Annual Report on Form 10-K for the
year ended December 31, 1994 is
hereby incorporated by reference
herein)
(d) All other schedules for which provision is made in the applicable
accounting regulations of the Securities and Exchange Commission are
not required under the related instructions or are inapplicable, and
therefore have been omitted.
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.
OLD STONE CORPORATION
(Registrant)
July 6, 1995 By:/s/ Geraldine Nelson
Geraldine Nelson
President
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<ARTICLE> BD
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<CASH> $32,000
<RECEIVABLES> $10,000
<SECURITIES-RESALE> 0
<SECURITIES-BORROWED> 0
<INSTRUMENTS-OWNED> $797,000
<PP&E> $15,000
<TOTAL-ASSETS> $1,486,000
<SHORT-TERM> 0
<PAYABLES> $1,319,000
<REPOS-SOLD> 0
<SECURITIES-LOANED> 0
<INSTRUMENTS-SOLD> 0
<LONG-TERM> 0
<COMMON> $8,300,000
$19,711,000
0
<OTHER-SE> $27,844,000
<TOTAL-LIABILITY-AND-EQUITY> $1,486,000
<TRADING-REVENUE> $47,000
<INTEREST-DIVIDENDS> $47,000
<COMMISSIONS> $158,000
<INVESTMENT-BANKING-REVENUES> 0
<FEE-REVENUE> 0
<INTEREST-EXPENSE> 0
<COMPENSATION> $211,000
<INCOME-PRETAX> ($354,000)
<INCOME-PRE-EXTRAORDINARY> ($354,000)
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> ($380,000)
<EPS-PRIMARY> ($.37)
<EPS-DILUTED> ($.37)
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