SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A (No. 1)
[x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended December 31, 1997
OR
[ ] ] 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 0-18902
Health Risk Management, Inc.
(Exact name of registrant as specified in its charter)
Minnesota 41-1407404
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
8000 West 78th Street, Minneapolis, Minnesota 55439
(Address of principal executive offices, Zip Code)
(612) 829-3500
(Registrant's telephone number, including area code)
------------
(Former name, former address and former fiscal year,
if changed since last report
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
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
The number of shares of Common Stock, par value $.01 per share, outstanding on
February 12, 1998 was 4,513,019.
<PAGE>
PART II. OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
(a) See Exhibit Index on page following Signatures
(b) During the three months ended December 31, 1997, there was no
report filed on Form 8-K.
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.
Health Risk Management, Inc.
Dated: June 10, 1998 By /s/ GaryT. McIlroy
Gary T. McIlroy, M.D.
Chief Executive Officer
Dated: June 10, 1998 By /s/ Thomas P. Clark
Thomas P. Clark
Chief Financial Officer
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
EXHIBIT INDEX
to
FORM 10-Q
For Quarter Ended December 31, 1997
HEALTH RISK MANAGEMENT, INC.
(SEC File No. 0-18902)
Exhibit
Number Exhibit Description
11 Computation of Earnings Per Share (incorporated by reference
to Exhibit 11 to the Registrant's Form 10-Q for the fiscal
quarter ended December 31, 1997)
Financial Data Schedules (filed in electronic format only):
27.1 6 months ended December 31, 1997 (amended)
27.2 3 months ended September 30, 1997 (restated)
27.3 fiscal year ended June 30, 1997 (restated)
27.4 9 months ended March 31, 1997 (restated)
27.5 6 months ended December 31, 1996 (restated)
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
FINANCIAL STATEMENTS FROM THE REGISTRANT'S FORM 10-Q FOR THE QUARTER ENDED
12-31-97 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> U.S. Dollars
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> OCT-01-1997
<PERIOD-END> DEC-31-1997
<EXCHANGE-RATE> 1
<CASH> 5,417
<SECURITIES> 0
<RECEIVABLES> 14,185
<ALLOWANCES> 265
<INVENTORY> 0
<CURRENT-ASSETS> 20,916
<PP&E> 30,627
<DEPRECIATION> 27,800
<TOTAL-ASSETS> 54,493
<CURRENT-LIABILITIES> 10,603
<BONDS> 4,006
0
0
<COMMON> 45
<OTHER-SE> 35,406
<TOTAL-LIABILITY-AND-EQUITY> 54,493
<SALES> 34,381
<TOTAL-REVENUES> 34,381
<CGS> 22,348
<TOTAL-COSTS> 22,348
<OTHER-EXPENSES> 9,976
<LOSS-PROVISION> 57
<INTEREST-EXPENSE> 227
<INCOME-PRETAX> 1,966
<INCOME-TAX> 749
<INCOME-CONTINUING> 1,217
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,217
<EPS-PRIMARY> .27
<EPS-DILUTED> .26
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
FINANCIAL STATEMENTS FROM THE REGISTRANT'S FORM 10-Q FOR THE QUARTER ENDED
9-30-97 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<CURRENCY> U.S. Dollars
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> SEP-30-1997
<EXCHANGE-RATE> 1
<CASH> 2,998
<SECURITIES> 0
<RECEIVABLES> 13,742
<ALLOWANCES> 287
<INVENTORY> 0
<CURRENT-ASSETS> 17,912
<PP&E> 30,373
<DEPRECIATION> 25,777
<TOTAL-ASSETS> 51,279
<CURRENT-LIABILITIES> 9,364
<BONDS> 3,047
0
0
<COMMON> 45
<OTHER-SE> 34,724
<TOTAL-LIABILITY-AND-EQUITY> 51,279
<SALES> 16,694
<TOTAL-REVENUES> 16,694
<CGS> 10,902
<TOTAL-COSTS> 10,902
<OTHER-EXPENSES> 4,810
<LOSS-PROVISION> 27
<INTEREST-EXPENSE> 121
<INCOME-PRETAX> 924
<INCOME-TAX> 352
<INCOME-CONTINUING> 572
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 572
<EPS-PRIMARY> .13
<EPS-DILUTED> .12
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
FINANCIAL STATEMENTS FROM THE REGISTRANT'S FORM 10-K FOR THE YEAR ENDED
6-30-97 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<CURRENCY> U.S. Dollars
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-START> JUL-01-1996
<PERIOD-END> JUN-30-1997
<EXCHANGE-RATE> 1
<CASH> 5,349
<SECURITIES> 0
<RECEIVABLES> 12,367
<ALLOWANCES> 260
<INVENTORY> 0
<CURRENT-ASSETS> 19,055
<PP&E> 29,600
<DEPRECIATION> 23,885
<TOTAL-ASSETS> 51,723
<CURRENT-LIABILITIES> 10,477
<BONDS> 3,487
0
0
<COMMON> 45
<OTHER-SE> 33,999
<TOTAL-LIABILITY-AND-EQUITY> 51,723
<SALES> 62,723
<TOTAL-REVENUES> 62,723
<CGS> 37,657
<TOTAL-COSTS> 37,657
<OTHER-EXPENSES> 21,064
<LOSS-PROVISION> 127
<INTEREST-EXPENSE> 535
<INCOME-PRETAX> 3,654
<INCOME-TAX> 1,413
<INCOME-CONTINUING> 2,241
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 2,241
<EPS-PRIMARY> .52
<EPS-DILUTED> .50
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from
Financial Statements from the Registrant's Form 10-Q for the quarter ended
3/31/97 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<CURRENCY> U.S. Dollars
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> MAR-31-1997
<EXCHANGE-RATE> 1
<CASH> 5,442
<SECURITIES> 0
<RECEIVABLES> 11,141
<ALLOWANCES> 240
<INVENTORY> 0
<CURRENT-ASSETS> 18,006
<PP&E> 28,542
<DEPRECIATION> 23,315
<TOTAL-ASSETS> 49,801
<CURRENT-LIABILITIES> 9,260
<BONDS> 3,915
0
0
<COMMON> 45
<OTHER-SE> 33,236
<TOTAL-LIABILITY-AND-EQUITY> 49,801
<SALES> 46,050
<TOTAL-REVENUES> 46,050
<CGS> 27,703
<TOTAL-COSTS> 27,703
<OTHER-EXPENSES> 15,496
<LOSS-PROVISION> 102
<INTEREST-EXPENSE> 402
<INCOME-PRETAX> 2,566
<INCOME-TAX> 993
<INCOME-CONTINUING> 1,573
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,573
<EPS-PRIMARY> .37
<EPS-DILUTED> .36
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
FINANCIAL STATEMENTS FROM THE REGISTRANT'S FORM 10-Q FOR THE QUARTER ENDED
12-31-96 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<CURRENCY> U.S. Dollars
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-START> JUL-01-1996
<PERIOD-END> DEC-31-1996
<EXCHANGE-RATE> 1
<CASH> 2,991
<SECURITIES> 0
<RECEIVABLES> 11,228
<ALLOWANCES> 210
<INVENTORY> 0
<CURRENT-ASSETS> 16,267
<PP&E> 27,313
<DEPRECIATION> 21,551
<TOTAL-ASSETS> 46,771
<CURRENT-LIABILITIES> 9,854
<BONDS> 3,943
0
0
<COMMON> 42
<OTHER-SE> 29,878
<TOTAL-LIABILITY-AND-EQUITY> 46,771
<SALES> 29,992
<TOTAL-REVENUES> 29,992
<CGS> 17,807
<TOTAL-COSTS> 17,807
<OTHER-EXPENSES> 10,146
<LOSS-PROVISION> 72
<INTEREST-EXPENSE> 262
<INCOME-PRETAX> 1,852
<INCOME-TAX> 717
<INCOME-CONTINUING> 1,135
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,135
<EPS-PRIMARY> .27
<EPS-DILUTED> .26
</TABLE>
