UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 1
TO
FORM 10-K
(Mark One)
[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [FEE REQUIRED]
For this fiscal year ended September 30, 1994
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
INTERSTATE/JOHNSON LANE, INC.
(Exact name of Registrant as specified in its charter)
Delaware 56-1470946
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
121 West Trade Street, Suite 1500, Charlotte, North Carolina 28202
(Address of principal executive offices) (Zip Code)
(704) 379-9000
(Registrant's telephone number, including area code)
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
Title of each class Name of each exchange on which registered
Common stock, par value $.20 per share 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 X No
Indicate by check mark if the 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.
Yes X
As of November 30, 1994, 6,405,384 shares of Common Stock, par
value $.20 per share, were outstanding, and the aggregate market value
of the shares of Common Stock of the Registrant held by non-affiliates
(based upon the closing price of the Registrant's shares on the New
York Stock Exchange on November 30, 1994, which was $8) was
$34,313,680. For purposes of this information, the outstanding shares
of Common Stock which were owned by Interstate/Johnson Lane
Corporation's Employee Stock Ownership Plan, and by all directors and
executive officers of the Registrant, were deemed to be the shares of
Common Stock held by affiliates.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the Registrant's Annual Report to Stockholders for the
fiscal year ended September 30, 1994 are incorporated by reference
into Part I, Part II and Part IV of this Report. Portions of the
Registrant's Proxy Statement for its Annual Meeting of Stockholders to
be held on January 24, 1995 are incorporated by reference into Part
III of this Report.
<PAGE>
INTERSTATE/JOHNSON LANE, INC.
AND CONSOLIDATED SUBSIDIARIES
SIGNATURES
Pursuant to the requirements of Section 13 or 15d 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 on
December 22, 1994.
INTERSTATE/JOHNSON LANE, INC.
BY:
James H. Morgan, President
and Chief Executive Officer
Pursuant to the requirements of the Securities Exchange Act of
1934, this report has been signed by the following persons on behalf
of the Registrant and in the capacities and on the dates indicated.
Signature Title Date
President, Chief Executive Officer
James H. Morgan and Director December 22, 1994
Vice President - Finance and
Edward C. Ruff Treasurer (Principal Financial
Officer) and Director December 22, 1994
Assistant Vice President
C. Fred Wagstaff, III (Principal Accounting Officer) December 22, 1994
Chairman of the Board of Directors December 22, 1994
Parks H. Dalton
Director December 22, 1994
Claude S. Abernethy, Jr.
Director December 22, 1994
Dudley G. Pearson
Director December 22, 1994
Grady G. Thomas, Jr.
<PAGE>
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION OF EXHIBIT
27 Financial Data Schedule
<PAGE>
<TABLE> <S> <C>
<ARTICLE> BD
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-END> SEP-30-1994
<CASH> 30,193
<RECEIVABLES> 189,722
<SECURITIES-RESALE> 360,178
<SECURITIES-BORROWED> 5,329
<INSTRUMENTS-OWNED> 57,023
<PP&E> 15,541
<TOTAL-ASSETS> 762,833
<SHORT-TERM> 23,176
<PAYABLES> 242,443
<REPOS-SOLD> 351,712
<SECURITIES-LOANED> 0
<INSTRUMENTS-SOLD> 23,258
<LONG-TERM> 29,142
<COMMON> 1,377
0
0
<OTHER-SE> 66,593
<TOTAL-LIABILITY-AND-EQUITY> 767,833
<TRADING-REVENUE> 6,257
<INTEREST-DIVIDENDS> 27,350
<COMMISSIONS> 111,568
<INVESTMENT-BANKING-REVENUES> 6,441
<FEE-REVENUE> 6,162
<INTEREST-EXPENSE> 18,720
<COMPENSATION> 90,785
<INCOME-PRETAX> 13,251
<INCOME-PRE-EXTRAORDINARY> 7,866
<EXTRAORDINARY> 0
<CHANGES> 3,059
<NET-INCOME> 10,925
<EPS-PRIMARY> 1.67
<EPS-DILUTED> 1.52
</TABLE>
