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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 10-Q/A
Amendment No. 1
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the quarterly period ended March 31, 1997
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Commission file number 1-11422
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PennCorp Financial Group, Inc.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware 13-3543540
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(State or Other Jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or Organization)
745 Fifth Avenue, New York, New York 10151
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code (212) 832-0700
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Former Name, Former Address and Former Fiscal Year,
If Changes Since Last Report
Indicate by check [X] 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 the number of shares outstanding of each of the Issuer's
common stock, as of the latest practicable date.
Class May 12, 1997
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Common Stock, $.01 Par Value 28,506,381
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EXPLANATORY NOTE
On November 14, 1997, the Company filed on Form 8-K ("The Form 8-K") restated
financial statements for each of the years in the three year period ended
December 31, 1996, as well as the three month period ended March 31, 1997 and
the three and six month periods ended June 30, 1997.
These consolidated financial statements will become the historical consolidated
financial statements of the Company and appear in The Form 8-K as Exhibits
99.1, 99.8, and 99.9, respectively.
In addition, the Selected Financial Data, Management's Discussion and Analysis
of Financial Condition and Results of Operations, Quarterly Consolidated
Statements of Income, Financial Schedules and Statement Re Ratio of Earnings to
Fixed Charges and Preferred Stock Dividend Requirements have been prepared to
give effect to the restatement and appear herein as Exhibits 99.2, 99.3, 99.4,
99.6 and 99.7, respectively.
Investors should refer to the Form 8-K for the historical consolidated
financial statements of the Company and restated disclosure for each of the
periods indicated above.
The Items affected by this amendment are as follows:
Part I
Item 1
Item 2
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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 hereunto duly authorized.
PENNCORP FINANCIAL GROUP, INC.
(The Registrant)
Dated: November 14, 1997 By: /s/ STEVEN W. FICKES
Steven W. Fickes
President and Chief Financial Officer
(Authorized officer and principal
accounting and financial officer of
the registrant)
