UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB/A
[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended June 30, 1998
[ ] 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: 0-18664
GLENWAY FINANCIAL CORPORATION
(Name of small business issuer in its charter)
Delaware 31-1297820
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
5535 Glenway Avenue, Cincinnati, Ohio 45238
(Address of principal executive offices) (Zip Code)
Issuer's telephone number: (513) 922-5959
Securities registered pursuant to Section 12(b) of the Exchange Act:
None Common Stock, par value $.01 per share
(Name of each exchange (Title of Class)
on which registered)
Securities registered pursuant to Section 12(g) of the Act:
None
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the issuer was required to file such reports), and (2) has
been subject to such requirements for the past 90 days. Yes X No
Check if disclosure of delinquent filers pursuant to Item 405 of Regulation
S-B is not contained in this form, and no disclosure will be contained, to the
best of issuer's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any amendment to
this Form 10-KSB. [ ]
State the issuer's revenues for its most recent fiscal year: $23.4 million.
The aggregate market value of the voting stock held by nonaffiliates of the
registrant, computed by reference to the average of the bid and asked prices of
such stock on The Nasdaq National Market as of September 24, 1998, was $39.4
million. (The exclusion from such amount of the market value of the shares owned
by any person shall not be deemed an admission by the registrant that such
person is an affiliate of the registrant.)
As of September 15, 1998, there were 2,293,210 shares of the Registrant's
Common Stock issued and outstanding.
DOCUMENTS INCORPORATED BY REFERENCE
Part II of Form 10-KSB - Annual Report to Stockholders for the fiscal
year ended June 30, 1998. Part III of Form 10-KSB - Proxy Statement for
1998 Annual Meeting of Stockholders.
Transitional Small Business Disclosure Format: Yes __ No X
1
<PAGE>
PART IV
Item 13. Exhibits and Reports on Form 8-K
(a) Exhibits
13 Report of Grant Thornton LLP
SIGNATURES
Pursuant to the requirements of Section 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.
GLENWAY FINANCIAL CORPORATION
By: /s/Robert R. Sudbrook
Robert R. Sudbrook, President and
Chief Executive Office (Duly
Authorized Representative)
2
<PAGE>
INDEX TO EXHIBITS
Exhibit Number Description
13 Report of Grant Thornton LLP
3
REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
Board of Directors
Glenway Financial Corporation
We have audited the accompanying consolidated statements of financial condition
of Glenway Financial Corporation as of June 30, 1998 and 1997, and the related
consolidated statements of earnings, stockholders' equity and cash flows for
each of the three years ended June 30, 1998, 1997 and 1996. These consolidated
financial statements are the responsibility of the Corporation's management. Our
responsibility is to express an opinion on these consolidated financial
statements based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the consolidated financial position of Glenway Financial
Corporation as of June 30, 1998 and 1997, and the consolidated results of its
operations and its cash flows for each of the three years ended June 30, 1998,
1997 and 1996, in conformity with generally accepted accounting principles.
/s/GRANT THORNTON LLP
Cincinnati, Ohio
August 31, 1998
