UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/ A
AMENDMENT NO. 3 TO FORM 10-K
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 No. 000-18389
WORLD WIDE STONE CORPORATION
(Exact Name of Registrant as specified in its Charter)
NEVADA 33-0297934
(State or Other Jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or Organization)
5236 S. 40th St. Phoenix, Arizona 85040
(Address of principle executive offices) (Zip Code)
Registrant's telephone number, including area code: (602) 438-1001
Securities registered pursuant to Section 12(g) of the Act:
$.001 Par Value Common;
$.001 Par Value Preferred.
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 [ ]
The aggregate market value of Common Stock (voting stock) of Registrant
held by non-affiliates at December 31, 1996, based upon the low equity sale
price of 6(cent) per share, was approximately $2,113,552 within 60 days of
December 31, 1996.
The number of shares outstanding of the Registrant's Common Stock as of
December 31, 1996, was 35,425,868.
Documents incorporated by reference: NONE.
<PAGE>
EXPLANATORY NOTE REGARDING AMENDMENT NO. 3:
This Amendment No. 3 is being filed solely to correct a "flawed" Restated
Financial Data Schedule previously filed as Exhibit No. 27.1 in Amendment No. 2
to Form 10-K of World Wide Stone Corporation for the year ended December 31,
1996.
PART IV
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K.
(a,3) Exhibits.
EXHIBIT
NUMBER EXHIBIT
------- -------
27.1 Amended and Restated Financial Data Schedule
(b) Reports on Form 8-K: The current reports on Form 8-K
which were filed during the last quarter of the period
covered by this Report by the Registrant with the
Securities and Exchange Commission are:
NONE
2
<PAGE>
SIGNATURES
Pursuant to the requirement 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.
Date: December 3, 1998 WORLD WIDE STONE CORPORATION
By: /s/ Frank Cunningham
------------------------------------------
Frank Cunningham
Director, President, Chairman of the Board
(Principal 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 Title Date
--------- ----- ----
By:/s/ Frank Cunningham Director, Chairman December 3, 1998
---------------------------- of the Board, and
Frank Cunningham President
(Principal Executive
Officer)
By:/s/ Lee M. Cunningham Director and December 3, 1998
---------------------------- Vice President
Lee M. Cunningham
By:/s/ Spencer W. Cunningham Director and December 3, 1998
---------------------------- Executive Vice
Spencer W. Cunningham President, Chief
Financial Officer and
Treasurer (Principal
Financial Officer)
By: Director
----------------------------
L. Ernest Whitesel
By:/s/ Michael D Nafziger Director and December 3, 1998
---------------------------- Director of National
Michael D Nafziger Sales
By:/s/ Timothy H. Ligget Chief Accounting December 3, 1998
---------------------------- Officer and Director
Timothy H. Ligget (Principal Accounting
Officer)
3
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED FINANCIAL STATEMENTS OF WORLD WIDE STONE CORPORATION (THE
"COMPANY") FOR THE YEAR ENDED DECEMBER 31, 1996, AS RESTATED. THIS SCHEDULE IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH RESTATED FINANCIAL STATEMENTS. IN
ADDITION, CERTAIN ENTRIES ON THIS SCHEDULE HAVE BEEN AMENDED FROM THE PREVIOUS
FINANCIAL DATA SCHEDULE FILED FOR THIS PERIOD. THIS EXHIBIT SHALL NOT BE DEEMED
FILED FOR THE PURPOSE OF SECTION 11 OF THE SECURITIES ACT OF 1933 AND SECTION 18
OF THE SECURITIES EXCHANGE ACT OF 1934, OR OTHERWISE SUBJECT TO THE LIABILITY OF
SUCH SECTIONS, NOR SHALL IT BE DEEMED A PART OF ANY OTHER FILING WHICH
INCORPORATES THIS REPORT BY REFERENCE, UNLESS SUCH OTHER FILING EXPRESSLY
INCORPORATES THIS EXHIBIT BY REFERENCE.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<EXCHANGE-RATE> 1
<CASH> 43,756
<SECURITIES> 0
<RECEIVABLES> 27,561
<ALLOWANCES> 0
<INVENTORY> 590,335
<CURRENT-ASSETS> 669,788
<PP&E> 3,601,741
<DEPRECIATION> 678,248
<TOTAL-ASSETS> 3,980,588
<CURRENT-LIABILITIES> 327,748
<BONDS> 841,119
0
0
<COMMON> 35,426
<OTHER-SE> 2,776,295
<TOTAL-LIABILITY-AND-EQUITY> 3,601,741
<SALES> 1,928,733
<TOTAL-REVENUES> 1,928,733
<CGS> 1,042,384
<TOTAL-COSTS> 1,042,384
<OTHER-EXPENSES> 687,015
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 5,275
<INCOME-PRETAX> 193,678
<INCOME-TAX> 50
<INCOME-CONTINUING> 193,628
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 193,628
<EPS-PRIMARY> 0.01
<EPS-DILUTED> 0.01
</TABLE>
