<PAGE> 1
Amendment No. 1 to Form 10-KSB-Annual or Transitional Report
(Mark One)
[X] ANNUAL REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934 (Fee Required)
For the fiscal year ended December 31, 1994
-----------------
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934 (No Fee Required)
For the transition period from _____ to _____
Commission file number: 1-12904
FIRST CAROLINA INVESTORS, INC.
------------------------------
(Name of small business issuer in its charter)
Delaware 56-1005066
- ---------------------------- -----------------------
(State of other jurisdiction (I.R.S. Employer
of incorporation or Identification Number)
organization)
Issuer's telephone number (704) 846-1066
--------------
Securities registered under Section 12 (b) of the Exchange Act:
Title of each class Name of each exchanges on
which registered
- -------------------------- --------------------------
- -------------------------- --------------------------
Securities registered under Section 12 (g) of the Exchange Act:
Common Stock, No Par Value
- -----------------------------------------------------------------------------
(Title of Class)
- -----------------------------------------------------------------------------
(Title of Class)
Check whether the issuer (1) 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
----- -----
Check if there is no disclosure of delinquent filers in response to
Item 405 of Regulation S-B contained in this form, and no disclosure will be
contained, to the best of registrants knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form
10-KSB or any amendment to this Form 10-KSB. [X]
State issuer's revenues for its most recent fiscal year.
$4,724,000
- ----------
State the aggregate market value of the voting stock held by
non-affiliates computed by reference to the price at which the stock was sold,
or the average bid and asked prices of such stock, as of a specified date
within the past 60 days.
$14,893,000 as of March 7, 1995.
- -----------
State the number of shares outstanding of each of issuer's classes of
common equity, as the latest practicable date.
1,090,848 as of March 15, 1995.
- ------------------------------
DOCUMENTS INCORPORATED BY REFERENCE
PART I AND PART II - Annual Report to Stockholders for the year ended December
31, 1994. PART III - Proxy Statement dated April 17,1995.
<PAGE> 2
SIGNATURES
Pursuant to the requirements of Section 13 or 15 (d) of the Securities
Exchange Act of 1934, the registrant has duly caused this amended report to be
signed on its behalf by the undersigned, thereunto duly authorized.
FIRST CAROLINA INVESTORS, INC.
(Registrant)
By: /s/ James E. Traynor
---------------------
James E. Traynor
Vice President and Treasurer
(Principal Financial Officer)
Date: May 17, 1995
Pursuant to the requirements of the Securities Exchange Act of 1934,
this amended report has been signed below by the following persons on behalf of
the Registrant and in the capacities and on the dates indicated.
<TABLE>
<CAPTION>
Signature Capacity Date
- --------- -------- ----
<S> <C> <C>
By:/s/ Brent D. Baird Chairman & Director May 17, 1995
------------------
Brent D. Baird
By:/s/ H. Thomas Webb III President & Director May 17, 1995
---------------------- (Principal Executive
H. Thomas Webb III Officer)
By:/s/ Bruce C. Baird Director May 17, 1995
------------------
Bruce C. Baird
By:/s/ Patrick W.E. Hodgson Director May 17, 1995
------------------------
Patrick W.E. Hodgson
By:/s/ Theodore E. Dann, Jr. Director May 17, 1995
-------------------------
Theodore E. Dann, Jr.
</TABLE>
<PAGE> 3
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit No. Description Sequential
- ----------- ----------- ----------
<S> <C>
27 Financial Data Schedule
(for SEC use only)
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FIRST
CAROLINA INVESTORS 1994 ANNUAL REPORT FORM 10-KSB FOR THE YEAR ENDED DECEMBER
31, 1994 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT CONTAINED
IN THE U.S. SECURITIES AND EXCHANGE COMMISSION FILE NO. 1-12904.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-START> JAN-01-1994
<PERIOD-END> DEC-31-1994
<CASH> 3,090
<SECURITIES> 35,399
<RECEIVABLES> 1,283
<ALLOWANCES> 0
<INVENTORY> 785
<CURRENT-ASSETS> 40,557
<PP&E> 6,109
<DEPRECIATION> 0
<TOTAL-ASSETS> 46,666
<CURRENT-LIABILITIES> 12,561
<BONDS> 0
<COMMON> 13,845
0
0
<OTHER-SE> 20,260
<TOTAL-LIABILITY-AND-EQUITY> 46,666
<SALES> 3,520
<TOTAL-REVENUES> 4,724
<CGS> 0
<TOTAL-COSTS> 1,553
<OTHER-EXPENSES> 408
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 64
<INCOME-PRETAX> 2,699
<INCOME-TAX> 925
<INCOME-CONTINUING> 1,774
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,774
<EPS-PRIMARY> 1.56
<EPS-DILUTED> 1.56
</TABLE>
