<PAGE>
FORM 10-Q
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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AMENDMENT NO. 1
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended March 29, 1996
OR
[_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from to
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Commission File Number 0-18655
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THE FAILURE GROUP, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 77-0218904
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(State or other jurisdiction of (I.R.S. Employer Identification
incorporation) Number)
149 COMMONWEALTH DRIVE, MENLO PARK, CALIFORNIA 94025
- ---------------------------------------------- -----
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code (415) 326-9400
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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.
Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practicable date.
Class Outstanding at June 24, 1996
- ---------------------------- ----------------------------
Common Stock $.001 par value 6,479,044 shares
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The undersigned registrant hereby amends the following items, financial
statements, exhibits or other portion of its Quarterly Report on Form 10-Q for
the quarter ended March 29, 1996 as set forth herein:
Item 6. Exhibits and Reports on Form 8-K
--------------------------------
(a) Exhibits:
27.1 Financial Data Schedule
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SIGNATURES
Pursuant to the requirements 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.
THE FAILURE GROUP, INC.
---------------------------
Registrant
Date: June 24, 1996 /s/ Michael R. Gaulke
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Michael R. Gaulke, President
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<PAGE>
<ARTICLE> 5
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JAN-03-1997
<PERIOD-START> DEC-30-1995
<PERIOD-END> MAR-29-1996
<CASH> 7,780
<SECURITIES> 17,172
<RECEIVABLES> 19,358
<ALLOWANCES> 1,576
<INVENTORY> 59
<CURRENT-ASSETS> 46,284
<PP&E> 59,023
<DEPRECIATION> 30,084
<TOTAL-ASSETS> 77,317
<CURRENT-LIABILITIES> 8,331
<BONDS> 0
0
0
<COMMON> 8
<OTHER-SE> 48,596
<TOTAL-LIABILITY-AND-EQUITY> 77,317
<SALES> 0
<TOTAL-REVENUES> 15,011
<CGS> 0
<TOTAL-COSTS> 8,252
<OTHER-EXPENSES> 5,710
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 564
<INCOME-PRETAX> 1,085
<INCOME-TAX> 439
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 646
<EPS-PRIMARY> .10
<EPS-DILUTED> .10
</TABLE>
