<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 10-K/A
AMENDMENT TO ANNUAL REPORT
FILED PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES AND EXCHANGE ACT OF 1934
PLY GEM INDUSTRIES, INC.
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in charter)
AMENDMENT NO. 1
The undersigned registrant hereby amends the following items, financial
statements, exhibits or other portions of its Annual Report for the year ended
December 31, 1993 on Form 10-K as set forth in the pages attached hereto:
In accordance with the provisions of General Instructions "A" of
Form 10-K the following schedules required by Article 12 of Regulation
S-X are filed herewith:
Schedules Supporting Consolidated Financial Statements:
Schedule Number
---------------
II - Amounts Receivable from Related Parties and Underwriters,
Promoters and Employees other than Related Parties - December
31, 1993
VIII - Valuation and Qualifying Accounts - Three Years Ended December
31, 1993
IX - Short-Term Borrowings - Three Years Ended December 31, 1993
X - Supplementary Income Statement Information - Three Years Ended
December 31, 1993
All other schedules supporting financial statements are omitted because they
are not applicable or the required information is shown in the financial
statements or notes thereto.
The Report of Messrs. Grant Thornton is included herein.
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Ply Gem Industries, Inc. and Subsidiaries
SCHEDULE II - AMOUNTS RECEIVABLE FROM RELATED PARTIES AND
UNDERWRITERS, PROMOTERS AND EMPLOYEES OTHER THAN RELATED PARTIES
<TABLE>
<CAPTION>
COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E
- -------- -------- -------- -------- --------
Balance at
Deductions end of period
---------- -------------
Balance at
beginning Amounts Amounts Non
Name of Debtor of period Additions collected written off Current Current
- -------------- ---------- --------- --------- ----------- ------- -------
<S> <C> <C> <C> <C> <C> <C>
Year ended
December 31, 1991
Jeffrey S. Silverman $5,040,000 $2,433,000 $ 682,000 $ 590,000 $891,000 $5,310,000 (a)
Year ended
December 31, 1992
Jeffrey S. Silverman 6,201,000 4,923,000 627,000 1,393,000 31,000 9,073,000 (a)
Year ended
December 31, 1993
Jeffrey S. Silverman 9,104,000 3,539,000 3,085,000 1,544,000 1,000 8,013,000 (a)
</TABLE>
(a) Includes notes receivable of $5,310,000, $8,220,000 and $7,280,000 at
12/31/91, 12/31/92 and 12/31/93 respectively; average interest rates equal 8.36%
at 12/31/91, 7.1% at 12/31/92 and 12/31/93. Payments are due in approximately
equal installments through 2003.
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Ply Gem Industries, Inc. and Subsidiaries
SCHEDULE VIII - VALUATION AND QUALIFYING ACCOUNTS
<TABLE>
<CAPTION>
COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E
- -------- -------- -------- -------- --------
ADDITIONS
Charged to
Balance at Charged to other Balance
beginning cost and accounts at end of
Description of period expenses describe Deductions period
- ------------ --------- ---------- ---------- ---------- ---------
<S> <C> <C> <C> <C> <C>
Year ended
December 31, 1991
Allowance for
doubtful accounts $4,399,000 $5,383,000 $5,378,000 (a) $3,769,000
635,000 (d)
Valuation allowance
for marketable
securities 304,000 (36,000) 268,000
Accumulated
amortization:
Goodwill 5,371,000 1,451,000 6,822,000
Other intangibles 8,729,000 2,543,000 $(16,000) (c) 69,000 (b) 11,187,000
Patents/Trademarks 3,297,000 1,109,000 12,000 (c) 5,000 (b) 4,413,000
Discount on
debentures (3,511,000) 3,511,000 0
</TABLE>
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Ply Gem Industries, Inc. and Subsidiaries
SCHEDULE VIII - VALUATION AND QUALIFYING ACCOUNTS
<TABLE>
<CAPTION>
COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E
- -------- -------- -------- -------- --------
Additions
Charged to
Balance at Charged to other Balance
beginning cost and accounts at end of
Description of period expenses describe Deductions period
- ----------- ---------- ---------- ---------- ---------- ---------
<S> <C> <C> <C> <C> <C>
Year ended
December 31, 1992
Allowance for
doubtful accounts $3,769,000 $4,652,000 $2,662,000 (a) $5,330,000
429,000 (d)
Valuation allowance
for marketable
securities 268,000 (64,000) 204,000
Accumulated
amortization:
Goodwill 6,822,000 1,516,000 8,338,000
Other intangibles 11,187,000 2,552,000 (55,000) (c) 13,684,000
Patents/Trademarks 4,413,000 1,158,000 (39,000) (c) 5,532,000
</TABLE>
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Ply Gem Industries, Inc. and Subsidiaries
SCHEDULE VIII - VALUATION AND QUALIFYING ACCOUNTS
<TABLE>
<CAPTION>
COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E
- -------- -------- -------- -------- --------
ADDITIONS
Charged to
Balance at Charged to other Balance
beginning cost and accounts at end of
Description of period expenses describe Deductions period
- ------------ --------- ---------- ---------- ---------- ---------
<S> <C> <C> <C> <C> <C>
Year ended
December 31, 1993
Allowance for
doubtful accounts $5,330,000 $4,642,000 $3,181,000 (a) $7,197,000
(406,000) (d)
Valuation allowance
for marketable
securities 204,000 (204,000) 0
Accumulated
amortization:
Goodwill 8,338,000 1,525,000 9,863,000
Other intangibles 13,684,000 2,610,000 $(2,000) (c) 19,000 (b) 16,273,000
Patents/Trademarks 5,532,000 1,145,000 6,677,000
</TABLE>
(a) Uncollectible receivables net of recoveries.
(b) Fully amortized.
(c) Charge/(credit) to inventory.
(d) Change resulted from sale of receivables.
<PAGE>
Ply Gem Industries, Inc. and Subsidiaries
SCHEDULE IX - SHORT - TERM BORROWINGS
<TABLE>
<CAPTION>
COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E COLUMN F
- -------- -------- -------- -------- -------- --------
Weighted
Balance at Maximum Average average
Category of end of period Weighted amount amount interest
aggregate net of current average outstanding outstanding rate
short-term maturities of interest during during during
borrowings long-term debt rate period period period (A)
- ----------- -------------- -------- ----------- ----------- ----------
<S> <C> <C> <C> <C> <C>
Year ended
December 31, 1991
Notes and
Acceptances
payable-banks $1,189,000 6.3 $14,395,000 $4,873,000 8.7
Year ended
December 31, 1992
Notes and
Acceptances
payable-banks 7,117,000 4.7 13,117,000 5,257,000 4.5
Year ended
December 31, 1993
Notes and
Acceptances
payable-banks 2,365,000 4.9 12,347,000 7,883,000 4.2
</TABLE>
(A) Determined by dividing the total interest expense
by the average monthly balance.
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Ply Gem Industries, Inc. and Subsidiaries
SCHEDULE X - SUPPLEMENTARY INCOME STATEMENT INFORMATION
<TABLE>
<CAPTION>
COLUMN A COLUMN B
- ------------------ --------------------------------------------
ITEM A CHARGED TO COSTS AND EXPENSES
- ------------------ --------------------------------------------
For the Years Ended
December 31,
1993 1992 1991
----- ------ ------
<S> <C> <C> <C>
Maintenance and Repairs $7,802,000 $6,153,000 $5,741,000
---------- ---------- ----------
Advertising Costs $7,541,000 $6,735,000 $5,742,000
---------- ---------- ----------
</TABLE>
Items not presented are either not applicable, less than 1% of total sales or
the information is included in the financial statements or notes thereto.
<PAGE>
REPORT OF INDEPENDENT CERTIFIED
PUBLIC ACCOUNTANTS ON SCHEDULES
Board of Directors and Stockholders
Ply Gem Industries, Inc.
In connection with our audit of the financial statements of Ply Gem
Industries, Inc. referred to in our report dated February 24, 1994 (except for
Note 8, as to which the date is March 23, 1994), which is included in the
annual report to security holders on Form 10-K, we have also audited Schedules
II, VIII, IX and X for the years ended December 31, 1993, 1992 and 1991. In
our opinion, these schedules present fairly, in all material respects, the
information required to be set forth therein.
(SIGNATURE OF GRANT THORNTON APPEARS HERE)
GRANT THORNTON
New York, New York
February 24, 1994
