<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K / A
AMENDMENT NO. 1 TO
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the Fiscal period ended December 28, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from to
........ ........
Commission file number 0-14399
-------
GOLDEN BOOKS FAMILY ENTERTAINMENT, INC.
---------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 06-1104930
-------- ----------
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
850 Third Avenue, New York, New York 10022
------------------------------------ -----
(Address of principal executive offices) (Zip Code)
<TABLE>
<CAPTION>
<S> <C>
Registrant's telephone number, including area code: (212) 583-6700
--------------
Securities registered pursuant to Section 12(b) of the Act: None
----
Securities registered pursuant to Section 12(g) of the Act: Common Stock, par value $ .01 per share
---------------------------------------
</TABLE>
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, and (2) has been subject to such filing
requirements for the past 90 days. Yes [X] or 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 the definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [ ]
The aggregate market value of the Registrant's voting stock held by
non-affiliates of the Registrant, computed by reference to the closing sales
price as quoted on NASDAQ on March 24, 1997, was approximately $222,456,690. As
of March 14, 1997 25,986,842 shares of Common Stock were outstanding.
1
<PAGE>
The undersigned Registrant hereby amends the following information included in
Item 8 in its Form 10-K as set forth below in its entirety:
PART II
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
<TABLE>
<CAPTION>
CONSOLIDATED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
(IN THOUSANDS, EXCEPT FOR PER SHARE DATA)
- -------------------------------------------------------------------------------------------------------------
FIRST SECOND THIRD FOURTH
QUARTER (1) QUARTER (1) QUARTER (1) QUARTER (1)
----------- ----------- ----------- -----------
<S> <C> <C> <C> <C>
1996
Net sales $ 67,314 $ 72,317 $ 67,308 $ 75,246
Gross profit (loss) 20,750 19,596 (12,464) 6,323
Net loss (2) (10,700) (24,464) (96,815) (70,072)
Net loss per common share (.50) (1.19) (4.29) (2.80)
Weighted average number of common shares 21,669 21,980 23,098 25,750
1995
Net sales 86,789 85,606 94,706 107,510
Gross profit 18,770 21,630 22,627 23,424
Net loss (3) (9,317) (11,961) (8,484) (33,080)
Net loss per common share (.45) (.57) (.41) (1.56)
Weighted average number of common shares 21,232 21,232 21,237 21,273
</TABLE>
(1) On November 30, 1996, the Company changed its Fiscal year end so as to end
on the last Saturday in December. Accordingly, the consolidated quarterly
financial information has been restated to reflect the Company's revised
quarters follows:
1996 1995
---- ----
First Quarter March 30th March 25th
Second Quarter June 29th June 24th
Third Quarter September 28th September 30th
Fourth Quarter December 28th December 30th
(2) Includes a total provision for restructuring and closure of operations of
$65,741, of which $40,680 and $25,061 were recognized in the third and
fourth quarters, respectively.
(3) Includes an additional gain on streamlining plan of $2,000 recognized in
the second quarter, and the provision for restructuring and closure of
operations of $8,701 recognized in the third quarter.
2
<PAGE>
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this Amendment to be signed on its
behalf by the undersigned, thereunto duly authorized.
April 3, 1997 GOLDEN BOOKS FAMILY ENTERTAINMENT, INC.
/s/ Philip E. Rowley
-----------------------------------------------
Philip E. Rowley
Executive Vice President and Chief Financial Officer
(principal financial and accounting officer)
