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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 10-K/A
(Mark One)
[X] Annual report pursuant to section 13 or 15(d) of the Securities Exchange
Act of 1934 for the fiscal year ended December 31, 1998 or
[ ] Transition report pursuant to section 13 or 15(d) of the Securities
Exchange Act of 1934 for the transition period from ______________ to
______________.
Commission file number 0-16611
GLOBAL SPORTS, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 04-2958132
(State or other jurisdiction (I.R.S. employer identification no.)
of incorporation of organization)
555 SOUTH HENDERSON ROAD, KING OF PRUSSIA, PA 19406
(Address of principal executive offices, including zip code)
(610)768-0900
(Telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act: None Securities
registered pursuant to Section 12(g) of the Act:
Title of Each Class Name of Each Exchange on Which Registered
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Common Stock, par value $.01 per share
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 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 registrant's 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
non-affiliates of the registrant as of the close of business on March 15, 1999,
was approximately $49,758,283.(1) There were 12,039,753 shares of the
registrant's Common Stock outstanding as of the close of business on March 15,
1999.
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DOCUMENTS INCORPORATED BY REFERENCE
(Specific sections incorporated are identified under applicable items herein)
Certain exhibits from the registrant's prior filings under the Securities
Exchange Act of 1934 and registration statements under the Securities Act of
1933 are incorporated by reference as Exhibits in Part IV of this report.
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(1) This equals the number of outstanding shares of the registrant's Common
Stock reduced by the number of shares that may be deemed beneficially owned
by the registrant's officers, directors and shareholders owning in excess
of 10% of the registrant's Common Stock, multiplied by the last reported
sale price for the registrant's Common Stock on March 15, 1999. This
information is provided solely for record keeping purposes of the
Securities and Exchange Commission and shall not be construed as an
admission that any officer, director or 10% shareholder in the registrant
is an affiliate of the registrant or is the beneficial owner of any such
shares. Any such inference is hereby disclaimed.
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AMENDMENT NO. 1 TO THE ANNUAL REPORT ON FORM 10-K
For the Year Ended December 31, 1998
The undersigned Registrant hereby amends the following portions of its Annual
Report on Form 10-K for the year ended December 31, 1998, as set forth below:
(i) "Consent of Independent Auditors" is added as Exhibit Number 23.1 and is
filed with this Form 10-K/A.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities and
Exchange Act of 1934, the registrant has duly caused this Report to be signed on
its behalf on the date indicated by the undersigned thereunto duly authorized.
GLOBAL SPORTS, INC.
Date: April 5, 1999 By: /s/ Michael G. Rubin
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Michael G. Rubin,
Chairman and Chief Executive Officer
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.
Signature Capacity Date
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/s/ Michael G. Rubin Chairman and Chief Executive April 5, 1999
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Michael G. Rubin
/s/ Steven A. Wolf Chief Financial Officer April 5, 1999
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Steven A. Wolf
/s/ Kenneth J. Adelberg Director April 5, 1999
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Kenneth J. Adelberg
/s/ Harvey Lamm Director April 5, 1999
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Harvey Lamm
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EXHIBIT 23.1
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in the Registration Statement on
Form S-8 (SEC File No. 333-49363) pertaining to the 1993 Stock Option Plan, the
1995 Non-Employee Directors' Stock Option Plan, the 1995 Stock Option Plan, and
the 1996 Equity Incentive Plan of Global Sports, Inc. of our report dated March
16, 1999, with respect to the consolidated financial statements and financial
statement schedule of Global Sports, Inc. included in this Annual Report on Form
10-K for the year ended December 31, 1998.
/s/ Deloitte & Touche LLP
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Deloitte & Touche LLP
Philadelphia, Pennsylvania
April 5, 1999
