SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 1
TO
FORM 10-K
ANNUAL REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended: November 30, 1995
Commission File Number: 0-15588
CANTERBURY CORPORATE SERVICES, INC.
(Formerly known as Canterbury Educational Services, Inc.)
Pennsylvania 23-2170505
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification Number)
1600 Medford Plaza, Rt. 70 & Hartford Road
Medford, New Jersey 08055
(Address of principal executive offices) (Zip Code)
Issuer's telephone number (609) 953-0044
Securities registered under Section 12(b) of the Exchange Act: None
Securities registered pursuant to Section 12(g) of the Exchange Act:
Common Stock, $.001 par value
(Title of Class)
Indicate by check mark whether the issuer (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Exchange Act during the past 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
Revenues for the most recent fiscal year were $28,251,942.
The aggregate market value of the voting stock held by non-affiliates computed
by reference to the closing price of such stock on National Market NASDAQ for
February 16, 1996 was $22,447,980.
The number of shares outstanding of the issuer's class of common equity, as of
February 16, 1996 was 13,612,206.
DOCUMENTS INCORPORATED BY REFERENCE
None.
<PAGE>
CANTERBURY CORPORATE SERVICES, INC. -- FORM 10-K 1995
PART IV
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND
REPORTS ON FORM 8-K
EXHIBITS
Exhibit Numbers Description
- --------------- -----------------------
27 Financial Data Schedule
<PAGE>
CANTERBURY CORPORATE SERVICES, INC. -- FORM 10-K 1995
SIGNATURES
Pursuant to the requirements of Section 13 or 15 (d) of the Securities
Exchange Act of 1934, Canterbury Corporate Services, Inc. has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized.
CANTERBURY CORPORATE SERVICES, INC.
Dated: 2/26/96 By /s/ Stanton M. Pikus
-------------------------------------------
Stanton M. Pikus, President;
Chief Executive Officer
Dated: 2/26/96 By /s/ Kevin J. McAndrew
-------------------------------------------
Kevin J. McAndrew, Chief Operating Officer,
Executive Vice President, Chief Financial
Officer, Treasurer, Director
Dated: 2/26/96 By /s/ Marc Orsimarsi
------------------------------------------
Marc Orsimarsi, Chief Accounting Officer
Pursuant to the requirements of Section 13 or 15 (d) of the Securities
Exchange Act of 1934, this report has been signed on behalf of Canterbury
Corporate Services, Inc. and in the capacities and on the dates indicated.
Dated: 2/26/96 By /s/ Stanton M. Pikus
-----------------------------------------------
Stanton M. Pikus, President; Director;
and Chairman of the Board of Directors
Dated: 2/26/96 By /s/ Kevin J. McAndrew
-----------------------------------------------
Kevin J. McAndrew, Chief Operating Officer;
Executive Vice President; Chief Financial
Officer, Director
Dated: 2/26/96 By /s/ Alan Manin
-----------------------------------------------
Alan Manin, Vice President - Training; Director
Dated: 2/26/96 By /s/ Jean Zwerlein Pikus
------------------------------------------------
Jean Zwerlein Pikus, Vice President - Operations
Secretary; Director
Dated: 2/26/96 By /s/ Marc Orsimarsi
------------------------------------------------
Marc Orsimarsi, Corporate Controller
Dated: 2/26/96 By /s/ Stephen M. Vineberg
------------------------------------------------
Stephen M. Vineberg, Director
Dated: 2/26/96 By /s/ Paul L. Shapiro
-----------------------------------------------
Paul L. Shapiro, Director
Dated: 2/26/96 By /s/ Frank A. Cappiello
-----------------------------------------------
Frank A. Cappiello, Director
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-END> NOV-30-1995
<CASH> 1,471,702
<SECURITIES> 0
<RECEIVABLES> 8,088,803
<ALLOWANCES> 2,276,000
<INVENTORY> 0
<CURRENT-ASSETS> 9,187,317
<PP&E> 10,771,242
<DEPRECIATION> 7,015,000
<TOTAL-ASSETS> 26,827,609
<CURRENT-LIABILITIES> 6,223,102
<BONDS> 0
0
258,488
<COMMON> 13,060
<OTHER-SE> 12,841,258
<TOTAL-LIABILITY-AND-EQUITY> 26,827,609
<SALES> 0
<TOTAL-REVENUES> 28,251,942
<CGS> 16,830,579
<TOTAL-COSTS> 27,386,770
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 1,215,136
<INTEREST-EXPENSE> 951,588
<INCOME-PRETAX> (13,167)
<INCOME-TAX> (125,453)
<INCOME-CONTINUING> 112,286
<DISCONTINUED> 1,601,554
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,713,840
<EPS-PRIMARY> $0.14
<EPS-DILUTED> $0.13
</TABLE>
