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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, 1995
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 0-18064
YES CLOTHING CO.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
CALIFORNIA
(STATE OR OTHER JURISDICTION OF INCORPORATION OR ORGANIZATION)
95-3768671
(I.R.S. EMPLOYER IDENTIFICATION NUMBER)
1380 WEST WASHINGTON BOULEVARD
LOS ANGELES, CALIFORNIA 90007
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, INCLUDING ZIP CODE)
(213) 765-7800
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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The undersigned Registrant hereby amends the following items of its Form
10-K dated July 12, 1995, as set forth in the pages attached hereto:
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Item 5 of the Form 10-K dated July 12, 1995, filed by YES Clothing Co. is
hereby amended to read in its entirety as follows:
ITEM 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER
MATTERS
PRICE RANGE OF COMMON STOCK
The Company's Common stock is traded on the Nasdaq National Market under
the symbol YSCO. The following table sets forth the range of high and low sales
prices of the Common stock, as reported by The Nasdaq Stock Market, Inc. for
each quarterly period during the past three fiscal years:
MARKET PRICES
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<CAPTION>
MARCH 31 DEC. 31 SEPT. 30 JUNE 30
-------- ------- -------- -------
<S> <C> <C> <C> <C>
FISCAL 1995
Low......................................... $ 3.25 $1.75 $1.37 $1.12
High........................................ 10.50 4.12 3.00 1.75
FISCAL 1994
Low......................................... $ 1.31 $1.75 $2.03 $2.00
High........................................ 2.38 2.50 3.00 2.88
FISCAL 1993
Low......................................... $ 1.50 $1.75 $2.00 $2.50
High........................................ 3.50 3.00 3.25 4.00
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APPROXIMATE NUMBER OF HOLDERS OF COMMON STOCK SECURITIES
The Company had approximately 51 holders of record of Common stock as of
March 31, 1995.
DIVIDENDS
The Company has never paid cash dividends on its common equity. The
Company is not restricted from making any cash dividend payments under its
current credit agreement with its factor. However, the Company intends to
retain any earnings within the Company for the foreseeable future.
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POTENTIAL DELISTING
On June 14, 1995, the NASD notified the Company that its net worth as of
March 31, 1995, had been reduced below the NASD's minimum standards for
continued listing and suggested that the Company would be delisted from the
NASD/NMS. In light of the capital infusion by Mr. Marciano--See "Management's
Discussion and Analysis of Financial Condition--Subsequent Events," the Company
believes its net worth is now in excess of the minimum standards and has applied
to the NASD for a waiver from delisting. There is no assurance that the waiver
will be granted.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this amendment to be signed on its behalf by the
undersigned, thereto duly authorized.
YES CLOTHING CO.
By: /s/ GEORGES MARCIANO
_______________________
Georges Marciano
Chairman of the Board and
Chief Executive Officer
Date: May 1, 1996
