<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
(Mark One)
(X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 for the quarterly period 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 0-27416
[LOGO]
RURAL CELLULAR CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
MINNESOTA 41-1693295
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
PO BOX 2000
3905 DAKOTA STREET SW
ALEXANDRIA, MINNESOTA 56308
(320) 762-2000
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF
REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
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( )
Number of shares of common stock outstanding as of the close of business on
July 30, 1998:
CLASS A 7,636,754
CLASS B 1,260,668
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The only purpose of this filing is to amend Exhibit 27, Financial Data
Schedule, of the Registrant's Form 10-Q for the quarter ended June 30, 1998
originally filed August 11, 1998.
2
<PAGE>
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
27 Financial Data Schedule
3
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the registrant has duly caused this amendment to be signed on its
behalf by the undersigned, thereunto duly authorized.
RURAL CELLULAR CORPORATION
(Registrant)
Dated: March 25, 1999 /s/ Richard P. Ekstrand
-------------------------------------------
Richard P. Ekstrand
President and Chief Executive Officer
Dated: March 25, 1999 /s/ Wesley E. Schultz
-------------------------------------------
Wesley E. Schultz
Vice President and Chief Financial Officer
(Principal Financial Officer)
4
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 1998 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<CASH> 123,898,765
<SECURITIES> 0
<RECEIVABLES> 12,020,742
<ALLOWANCES> 1,410,161
<INVENTORY> 922,801
<CURRENT-ASSETS> 136,223,281
<PP&E> 118,400,720
<DEPRECIATION> (31,569,866)
<TOTAL-ASSETS> 316,524,419
<CURRENT-LIABILITIES> 13,323,841
<BONDS> 0
0
120,670,573
<COMMON> 88,948
<OTHER-SE> 29,271,901
<TOTAL-LIABILITY-AND-EQUITY> 316,524,419
<SALES> 708,424
<TOTAL-REVENUES> 32,469,316
<CGS> 1,969,529
<TOTAL-COSTS> 9,418,292
<OTHER-EXPENSES> 23,210,624
<LOSS-PROVISION> 921,689
<INTEREST-EXPENSE> 5,615,376
<INCOME-PRETAX> (4,768,750)
<INCOME-TAX> 0
<INCOME-CONTINUING> (4,768,750)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (4,768,750)
<EPS-PRIMARY> ($0.54)
<EPS-DILUTED> ($0.54)
</TABLE>
