UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A No. 1
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1996 Commission File Number: 0-16479
PEOPLES TELEPHONE COMPANY, INC.
(Exact Name of registrant as specified in its charter)
NEW YORK 13-2626435
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
2300 NORTHWEST 89TH PLACE, MIAMI, FLORIDA 33172
(Address of principal executive offices) (Zip Code)
Registrant's telephone number: (305) 593-9667
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Item 10 of the Annual Report on Form 10-K for the year ended December 31,
1996 of Peoples Telephone Company, Inc. (the "Company") is hereby amended to
read in its entirety as follows:
ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
The following sets forth the name, age and position of each of the
directors and executive officers of the Company:
Name Age Position
- -------------------- --- -----------------------------------
<S> <C> <C>
E. Craig Sanders 52 President, Chief Executive Officer,
Director
Bonnie S. Biumi 34 Chief Financial Officer,
Executive Vice President
Lawrence T. Ellman 44 Executive Vice President/
President-National Accounts
Bruce W. Renard 43 General Counsel and Executive Vice
President-Legal and Regulatory
Affairs/Carrier Relations
Neil N. Snyder, III 50 Chief Operating Officer,
Executive Vice President
David A. Arvizu 48 Senior Vice President-Sales and
Marketing
C. Keith Pressley 53 President-Inmate Telecommunications
Division
Charles J. Delaney (1)(2) 37 Director
Jody Frank (1) 45 Director
Robert E. Lund (2) 52 Director
Justin S. Maccarone (1)(2) 38 Director
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(1) Member of the Compensation Committee
(2) Member of the Audit Committee
The principal occupation of each director and executive officer for at
least the last five years is set forth below:
E. Craig Sanders has served as President, Chief Executive Officer and a
director of the Company since May 1996. From 1995 to 1996, Mr. Sanders was a
partner of PSN Ventures, L.L.C., a company which identifies investment
opportunities in the telecommunications industry. From 1994 to 1995, Mr. Sanders
served as Chairman and Chief Executive Officer of Matrix Telecom, Inc., a
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privately held long distance company. From 1982 to 1994, Mr. Sanders was an
employee of Sprint Corporation, and held the office of Senior Vice President for
Product Management from 1991 until 1994.
Bonnie S. Biumi joined the Company in July 1994. Since that time she has
served as Chief Financial Officer and, since February 1996, has also served as
an Executive Vice President. Prior to joining the Company, Ms. Biumi was a
Senior Manager with Price Waterhouse LLP in Miami, Florida. Ms. Biumi is a
certified public accountant.
Lawrence T. Ellman joined the Company in June 1994 as President of its Pay
Telephone Division and held that office until February 1996 when he became
Executive Vice President -- Sales. Since September 1996, he has served as
Executive Vice President/President-National Accounts. From 1990 until joining
the Company, Mr. Ellman was President of Atlantic Telco Joint Venture, an
independent public telephone operator acquired by the Company in June 1994. For
approximately eight years prior thereto, he was Executive Vice President and
Chief Financial Officer of American Potomac Distributing Company, a beverage
distributor.
Bruce W. Renard joined the Company as General Counsel and Vice President
- -- Regulatory Affairs in January 1992 and, since February 1996, has served as
General Counsel and Executive Vice President -- Legal & Regulatory
Affairs/Carrier Relations. From September 1, 1991 to December 31, 1991, Mr.
Renard was a sole practitioner specializing in legal and regulatory consulting
services to the telecommunications and utility industries. From August 1984 to
September 1991, Mr. Renard was a partner with the Florida law firm of Messer,
Vickers, Caparello, French and Madsen, managing the utility and
telecommunications law sections of the firm. Prior to that time, Mr. Renard
served as Associate General Counsel for the Florida Public Service Commission.
Neil N. Snyder III joined the Company in September 1996 as Executive Vice
President and Chief Operating Officer. Prior to joining the Company, Mr. Snyder
served as a career officer in the U.S. Army rising to the rank of Brigadier
General.
David A. Arvizu joined the Company in March 1997 as Senior Vice President
of Sales and Marketing for local and regional markets. From 1994 to 1997 Mr.
Arvizu served as Vice President-Western Region of Western Union Financial
Services, Inc.. From 1991 to 1994, he was president of a sales, marketing and
consulting service for a co-op of independant Pepsi-Cola franchisees. Prior to
1991, Mr. Arvizu spent twenty years in sales and brand management positions with
PepsiCo Inc. and General Foods Corp.
C. Keith Pressley joined the Company in February 1994 as Vice President of
Management Information Systems. He became President of the Inmate
Telecommunications Division in June 1996. Prior to joining the Company, he was
Director of Information Systems for Smith International, Inc., an oil field
services company, since 1991.
Charles J. Delaney has served as a director of the Company since July
1995. Mr. Delaney has been President of UBS Capital Corporation, a wholly-owned
subsidiary of Union Bank of Switzerland, and an affiliate of UBS Partners ("UBS
Capital"), since January 1993 and Managing Director in charge of the Leveraged
Finance Group of the Corporate Banking Division of Union Bank of Switzerland
since May 1989. Mr. Delaney is also a director of Specialty Foods Corporation,
SDW Holding Corporation, Van deKamps Inc. and Cinnabon International, Inc.
Jody Frank has served as a director of the Company and its predecessor
since September 1986. Since February 1990, he has been a vice president of
Shearson Lehman and, after Smith Barney Inc. acquired the assets of Shearson
Lehman in 1994, of Smith Barney Inc.
Robert E. Lund was elected as a director of the Company in May 1994. He has
served as Chief Executive Officer of Intrepid Tech Inc., a technology services
company, since December 1996. Mr. Lund served as Chief Executive Officer of the
Company from November 1995 until May 1996 and as President from February 1996
until May 1996. From December 1994 through December 1995, Mr. Lund served as
President and Chief Executive Officer of S2 Software, Inc., a software company.
From February 1993 until October 1994 (when Newtrend, L.P. was sold), Mr. Lund
served as Chief Operating Officer of Newtrend, L.P., a provider of software and
professional services. From 1990 to 1992, Mr. Lund was Chairman and Chief
Executive Officer of International Telecharge, Inc., a telecommunications
company.
Justin S. Maccarone has served as a director of the Company since June
1996. Mr. Maccarone has been a Managing Director of UBS Capital, LLC since 1993
and, from 1989 to 1993, was a Senior Vice President of GE Capital
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Corporation. Mr. Maccarone is also a director of American Sports Product Group,
Inc., Astor Corporation, Communication Supply Corporation and Cinnabon
International, Inc.
Ownership and Transactions Reports
Under Section 16 of the Securities Exchange Act of 1934, the Company's
directors, certain of its officers, and beneficial owners of more than 10% of
the outstanding Common Stock are required to file reports with the Securities
and Exchange Commission concerning their ownership of and transactions in the
Company's equity securities; such persons are also required to furnish the
Company with copies of such reports. Based solely upon the reports and related
information furnished to the Company, the Company believes that all such filing
requirements were complied with in a timely manner during and with respect to
1996 except that for Mr. Snyder one report regarding one transaction was filed
late.
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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.
PEOPLES TELEPHONE COMPANY, INC.
Date: April 10, 1997 /s/ Bonnie S. Biumi
BONNIE S. BIUMI
Chief Financial Officer
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