FORM 10-KSB/A
AMENDMENT 1
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1996
Commission file number 0-18819
MONACO FINANCE, INC.
(Name of small business issuer in its charter)
Colorado 84-1088131
(State or other jurisdiction (IRS Employer
of incorporation or organization) Identification No.)
370 17th Street, Suite 5060
Denver, Colorado 80202
(Address of principal executive offices) (Zip Code)
Issuer's telephone number: (303) 592-9411
SECURITIES REGISTERED UNDER SECTION 12(B) OF THE EXCHANGE ACT:
Class A Common Stock, $.01 Par Value
Title of Class
SECURITIES REGISTERED UNDER SECTION 12(G) OF THE EXCHANGE ACT:
Class A Common Stock, $.01 Par Value
Title of Class
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 registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days. X
Yes _____ No
Check if disclosure of delinquent filers in response to Item 405 of
Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of Registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form
10-KSB or any amendments to this Form 10-KSB. [ ]
State issuer's revenues for its most recent fiscal year. $13,500,753.
State the aggregate market value of the voting stock held by
non-affiliates (based on the average bid and asked prices of such stock) of
the Registrant:
As of February 28, 1997: Approximately $11,360,490.
As of February 28, 1997, there were 5,648,379 shares of Class A Common
Stock, $.01 par value and 1,323,715 shares of Class B Common Stock, $.01 par
value, outstanding.
DOCUMENTS INCORPORATED BY REFERENCE
Proxy Statement for the 1997 Annual Meeting to be filed within 120 days
after the fiscal year (Part III).
Transitional Small Business Disclosure Format: Yes No X
Total number of pages: 3
ITEM 13. EXHIBITS AND REPORTS ON FORM 10-KSB/A
(a) Exhibits:
The following documents are filed as exhibits to this Current Report on Form
10-KSB/A
Exhibit 27 -- Financial Data Schedule.
SIGNATURES
Pursuant to the requirements 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.
MONACO FINANCE, INC.
(Registrant)
May 8, 1997 By /s/ Morris Ginsburg
---------------------
Morris Ginsburg, President
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.
May 8, 1997 /s/ Morris Ginsburg
---------------------
Morris Ginsburg, President,
Chief Executive Officer and
Director
May 8, 1997 /s/ Irwin L. Sandler
-----------------------
Irwin L. Sandler
Executive Vice President,
Secretary/Treasurer and
Director
May 8, 1997 /s/ Brian M. O'Meara
-----------------------
Brian M. O'Meara,
Director
May 8, 1997 /s/ David M. Ickovic
---------------------
David M. Ickovic,
Director
May 8, 1997 /s/ Craig L. Caukin
---------------------
Craig L. Caukin,
Executive Vice President,
Director
May 8, 1997 /s/ Michael Feinstein
---------------------
Michael Feinstein,
Senior Vice President,
Chief Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AND THE CONSOLIDATED STATEMENTS OF OPERATIONS AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C> <C>
<PERIOD-TYPE> 3-MOS YEAR
<FISCAL-YEAR-END> DEC-31-1996 DEC-31-1996
<PERIOD-END> DEC-31-1996 DEC-31-1996
<CASH> 5,691,185 5,691,1856
<SECURITIES> 0 0
<RECEIVABLES> 91,409,897 91,409,897
<ALLOWANCES> (9,518,962) (9,518,962)
<INVENTORY> 0 0
<CURRENT-ASSETS> 0 0
<PP&E> 3,382,117 3,382,117
<DEPRECIATION> 1,326,215 1,326,215
<TOTAL-ASSETS> 95,264,068 95,264,068
<CURRENT-LIABILITIES> 0 0
<BONDS> 78,791,101 78,791,101
0 0
0 0
<COMMON> 56,484 56,484
<OTHER-SE> 15,002,004 15,002,004
<TOTAL-LIABILITY-AND-EQUITY> 95,264,068 95,264,068
<SALES> 0 0
<TOTAL-REVENUES> 3,514,072 13,500,753
<CGS> 0 0
<TOTAL-COSTS> 3,407,302 11,800,782
<OTHER-EXPENSES> 0 0
<LOSS-PROVISION> 154,343 910,558
<INTEREST-EXPENSE> 1,383,087 4,737,375
<INCOME-PRETAX> (1,430,660) (3,947,962)
<INCOME-TAX> (535,067) (1,476,538)
<INCOME-CONTINUING> (895,593) (2,471,424)
<DISCONTINUED> 0 (301,451)
<EXTRAORDINARY> 0 0
<CHANGES> (4,912,790) (4,912,790)
<NET-INCOME> (5,808,383) (7,685,665)
<EPS-PRIMARY> (0.83) (1.10)
<EPS-DILUTED> (0.83) (1.10)
</TABLE>
