<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-----------------------------------------
FORM 10-K/A
(MARK ONE)
/X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]
FOR THE FISCAL YEAR ENDED MARCH 31, 1998
OR
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from _________ to _________
Commission file number 0-16002
ADVANCED MARKETING SERVICES, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE 95-3768341-9
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
5880 Oberlin Drive, Suite 400
San Diego, California 92121
(Address of principal executive offices)
Registrant's telephone number : (619) 457-2500
Securities registered pursuant to Section 12(b) of the Act:
None
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, $.001 par value
(Title of class)
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____
Indicate by a 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 the Registrants knowledge, in 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
nonaffiliates of the Registrant at June 10, 1998 was $62,222,698.
The number of shares of the Registrant's Common Stock outstanding as of
June 10, 1998 was 5,619,839.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the Registrant's definitive Proxy Statement for its July 23,
1998 Annual Meeting of Stockholders (filed June 19, 1998) are incorporated by
reference into Part III of this Form 10-K.
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<PAGE>
ADVANCED MARKETING SERVICES, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
FOR THE YEARS ENDED MARCH 31, 1998, 1997 AND 1996
(IN THOUSANDS)
<TABLE>
<CAPTION>
COMMON STOCK UNREALIZED FOREIGN
OUTSTANDING ADDITIONAL (GAIN) LOSS CURRENCY
---------------------- PAID-IN RETAINED ON TRANSLATION TREASURY
SHARES AMOUNT CAPITAL EARNINGS INVESTMENTS ADJUSTMENT STOCK TOTAL
---------- ---------- ------------ --------- ------------- ----------- --------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
BALANCE, March 31, 1995 5,395 $ 6 $ 25,519 $ 21,012 $ (46) $ (124) $(2,030) $ 44,337
Exercise of Options 71 - 449 - - - - 449
Unrealized Gain on Investments - - - - 54 - - 54
Foreign Currency Translation - - - - - 30 - 30
Net Income - - - 6,101 - - - 6,101
- ---------------------------- ----------- ---------- ------------ --------- ----------- ---------- --------- ---------
BALANCE, March 31, 1996 5,466 6 25,968 27,113 8 (94) (2,030) 50,971
Exercise of Options 55 351 - - - - 351
Unrealized Gain on Investments - - - - 1 - - 1
Foreign Currency Translation - - - - - 8 - 8
Net Income - - - 6,456 - - - 6,456
- ---------------------------- ----------- ---------- ------------ --------- ----------- ---------- --------- ---------
BALANCE, March 31, 1997 5,521 6 26,319 33,569 9 (86) (2,030) 57,787
Exercise of Options 99 - 826 - - - - 826
Repurchase of Common Stock (10) - - - - - (90) (90)
Unrealized Loss on Investments - - - - (1) - - (1)
Foreign Currency Translation - - - 77 - 77
Net Income - - - 9,149 - - - 9,149
- ---------------------------- ----------- ---------- ------------ --------- ----------- ---------- --------- ---------
BALANCE, March 31, 1998 5,610 $ 6 $ 27,145 $42,718 $ 8 $ (9) $(2,120) $ 67,748
- ---------------------------- ----------- ---------- ------------ --------- ----------- ---------- --------- ---------
</TABLE>
The accompanying notes are an integral part of these consolidated statements.
18
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
<TABLE>
ADVANCED MARKETING SERVICES, INC.
<S> <C> <C>
Date: July 9, 1998 By: /s/ Charles C. Tillinghast, III
-------------------------------
Charles C. Tillinghast, III
Chairman of the Board and Director
</TABLE>
Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of the Registrant and
in the capacities and on the dates indicated.
<TABLE>
<S> <C> <C>
Date: July 9, 1998 By: /s/ Charles C. Tillinghast, III
-------------------------------
Charles C. Tillinghast, III
Chairman of the Board and Director
Date: July 9, 1998 By: /s/ Michael M. Nicita
---------------------
Michael M. Nicita
Chief Executive Officer and Director
(Principal Executive, Financial and
Accounting Officer)
Date: July 9, 1998 By: /s/ Loren C. Paulsen
--------------------
Loren C. Paulsen
Director
Date: July 9, 1998 By: /s/ James A. Leidich
--------------------
James A. Leidich
Director
Date: July 9, 1998 By: /s/ E. William Swanson, Jr.
---------------------------
E. William Swanson, Jr.
Director
Date: July 9, 1998 By: /s/ Trygve E. Myhren
--------------------
Trygve E. Myhren
Director
Date: July 9, 1998 By: /s/ Lynn S. Dawson
------------------
Lynn S. Dawson
Director
Date: July 9, 1998 By: /s/ Robert F. Bartlett
----------------------
Robert F. Bartlett
Director
</TABLE>
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