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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
(AMENDMENT NO. 2)
(Mark One)
[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.
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: 0-19024
Symix Systems, Inc.
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(Exact name of registrant as specified in its charter)
OHIO 31-1083175
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
2800 Corporate Exchange Drive
Columbus, Ohio 43231
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (614) 523-7000
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Securities registered pursuant to Section 12(b) of the Act:
NONE
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Securities registered pursuant to Section 12(g) of the Act:
Common Shares No-Par Value
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Title of Class
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
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Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K (Section 229.405 of this chapter) is not contained herein,
and will not 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-K or any amendment to this Form 10-K. [ ]
The aggregate market value of the voting and non-voting common equity held by
non-affiliates of the registrant at September 22, 1998 was $75,335,545.
The number of common shares outstanding at September 22, 1998 was 6,507,054.
Documents Incorporated by Reference:
(1) The Registrant's Definitive Proxy Statement for its Annual
Meeting of Shareholders to be held on November 11, 1998 is
incorporated by reference into Part III of this Annual Report on
Form 10-K.
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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
INDEX TO FINANCIAL STATEMENTS AND FINANCIAL STATEMENT SCHEDULES
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Page
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Report of Independent Auditors................................ 4 of this Form 10-K/A
Consolidated Statements of Operations - Years ended
June 30, 1998, 1997, and 1996............................ 35 of Form 10-K
Consolidated Balance Sheets - June 30, 1998 and 1997.......... 36 of Form 10-K
Consolidated Statements of Cash Flows - Years ended
June 30, 1998, 1997, and 1996............................ 38 of Form 10-K
Consolidated Statements of Shareholders' Equity -Years
ended June 30, 1998, 1997, and 1996...................... 40 of Form 10-K
Notes to Consolidated Financial Statements - June 30, 1998.... 41 of Form 10-K
Financial statement schedule:
Schedule II - Valuation and Qualifying Accounts............... 52 of Form 10-K
All other schedules for which provision is made in the applicable accounting
regulation of the Securities and Exchange Commission are not required under the
related instructions or are inapplicable, and therefore have been omitted.
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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
report to be signed on its behalf by the undersigned, thereunto duly
authorized, on the 21st day of October, 1998.
SYMIX SYSTEMS, INC.
By: /s/ Lawrence W. DeLeon
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Lawrence W. DeLeon
Vice President, Chief Financial
Officer and Secretary
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REPORT OF INDEPENDENT AUDITORS
Board of Directors
Symix Systems, Inc.
We have audited the accompanying consolidated balance sheets of Symix Systems,
Inc. and Subsidiaries as of June 30, 1998 and 1997, and the related consolidated
statements of operations, shareholders' equity, and cash flows for each of the
three years in the period ended June 30, 1998. Our audits also included the
financial statement schedule listed in the Index at Item 8. These financial
statements and schedule are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements and
schedule 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 Symix Systems,
Inc. and Subsidiaries at June 30, 1998 and 1997, and the consolidated results of
their operations and their cash flows for each of the three years in the period
ended June 30, 1998, in conformity with generally accepted accounting
principles. Also, in our opinion, the related financial statement schedule,
when considered in relation to the basic financial statements taken as a whole,
presents fairly in all material respects the information set forth therein.
/s/ Ernst & Young LLP
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Columbus, Ohio
July 21, 1998
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