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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
10-Q/A
AMENDMENT NO. 1
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended January 2, 1997
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OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from to
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Commission file number 1-11556
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UNI-MARTS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 25-1311379
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
477 East Beaver Avenue, State College, PA 16801-5690
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(Address of principal executive offices) (Zip Code)
(8l4) 234-6000
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(Registrant's telephone number, including area code)
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(Former name, former address and former fiscal year, if changed since last
report.)
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
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6,630,043 Common Shares were outstanding at February 7, 1997.
This Document Contains 3 Pages.
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PART II. OTHER INFORMATION
ITEM 5. OTHER INFORMATION
(a) TERMINATION OF GETTY AGREEMENT:
On December 27, 1996, the Company notified Getty Petroleum Corp. and its
affiliates (collectively "Getty") that, in accordance with their
respective terms, effective December 31, 1997, the Company will terminate
certain agreements with Getty, including leases and subleases and a
gasoline supply agreement pursuant to which the Company purchases
substantially all of its gasoline. The Company anticipates further
discussions with Getty concerning revised agreements, but there is no
assurance that satisfactory terms can be agreed upon. If no agreement is
reached with Getty, the Company will no longer operate approximately 100
stores after December 31, 1997. The loss of these stores will have a
material effect on the Company's revenues and expenses. However, the
Company anticipates that, on an ongoing basis, its net earnings will not
be materially effected due to increased gross profit rates on its
remaining gasoline sales and reduced operating costs. If no agreement is
reached with Getty and Getty declines to exercise its option to purchase
the leasehold improvements, in-store equipment and aboveground gasoline
marketing equipment at the stores subject to lease with Getty, the
Company could have a one-time material charge to net earnings.
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SIGNATURES
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Pursuant to the requirements 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.
Uni-Marts, Inc.
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(Registrant)
Date March 24, 1997 /S/ HENRY D. SAHAKIAN
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Henry D. Sahakian
Chairman of the Board
(Principal Executive Officer)
Date March 24, 1997 /S/ J. KIRK GALLAHER
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J. Kirk Gallaher
Executive Vice President, Director
and Chief Financial Officer
(Principal Accounting Officer)
(Principal Financial Officer)
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