<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 September 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 October 30, 1998:
CLASS A 7,777,964
CLASS B 1,203,358
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The only purpose of this amendment is to make technical corrections to the
financial data schedule to the Registrant's 10-Q for the quarter ended September
30, 1998 originally filed November 12, 1998.
2
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ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
27 Financial Data Schedule
3
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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 nine months ended September 30, 1998 and
is qualified in its entirety by reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> SEP-30-1998
<CASH> 9,148,559
<SECURITIES> 0
<RECEIVABLES> 16,527,705
<ALLOWANCES> 2,019,325
<INVENTORY> 1,866,523
<CURRENT-ASSETS> 27,009,952
<PP&E> 156,820,173
<DEPRECIATION> (37,066,948)
<TOTAL-ASSETS> 475,832,691
<CURRENT-LIABILITIES> 23,833,796
<BONDS> 0
0
124,315,719
<COMMON> 89,793
<OTHER-SE> 25,629,744
<TOTAL-LIABILITY-AND-EQUITY> 475,832,691
<SALES> 1,669,882
<TOTAL-REVENUES> 66,424,392
<CGS> 4,011,858
<TOTAL-COSTS> 17,347,233
<OTHER-EXPENSES> 43,333,981
<LOSS-PROVISION> 1,381,931
<INTEREST-EXPENSE> 12,339,994
<INCOME-PRETAX> (2,798,333)
<INCOME-TAX> 0
<INCOME-CONTINUING> (2,798,333)
<DISCONTINUED> 0
<EXTRAORDINARY> (1,042,422)
<CHANGES> 0
<NET-INCOME> (9,238,343)
<EPS-PRIMARY> (1.04)
<EPS-DILUTED> (1.04)
</TABLE>
