<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K
(Mark One)
X ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
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ACT OF 1934 [FEE REQUIRED]
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
___ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the Transition period from__________ to _________
COMMISSION FILE #0-23946
PEDIATRIC SERVICES OF AMERICA, INC.
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(Exact name of registrant as specified in its charter)
Delaware 58-1873345
------------------------------- ------------------------------------
(State or other jurisdiction of (IRS Employer Identification Number)
incorporation or organization)
3159 Campus Drive
Norcross, Georgia 30071-1042
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(Address of principal executive (Zip Code)
offices)
Registrant's telephone number, including area code - (770) 441-1580
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Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act: Common Stock
$.01 par value
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 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 is not contained herein, and will not be contained, to the
best of the 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. [X]
The aggregate market value of voting stock held by non-affiliates of the
registrant on December 2, 1996, based on a closing price of $19.625 per share,
was $113,579,060. As of December 2, 1996, the number of shares of the
registrant's common stock outstanding was 6,249,123 shares.
DOCUMENTS INCORPORATED BY REFERENCE
Certain information contained in the registrant's 1996 Annual Report and Proxy
Statement for the Annual Meeting of Shareholders of the registrant to be held on
January 22, 1997 is incorporated herein by reference in Parts II and III of this
Annual Report on Form 10-K.
Page 1 of 130, including exhibits. Index of Exhibits is on page 23 hereof.
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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.
Pediatric Services of America, Inc.
(Registrant)
By: /s/ Joseph D. Sansone
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Joseph D. Sansone
Chairman of the Board of Directors,
President and Chief Executive Officer
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.
<TABLE>
<CAPTION>
Signature Title Date
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<S> <C> <C>
/s/ Joseph D. Sansone Chairman of the Board of December 13, 1996
- -------------------------------------- Directors, President and
Joseph D. Sansone Chief Executive Officer
* Chief Financial Officer, December 13, 1996
- --------------------------------------
Stephen M. Mengert Senior Vice President,
Treasurer and Secretary
(Principal Financial and
Accounting Officer)
* Director December 13, 1996
- --------------------------------------
Michael J. Finn
* Director December 13, 1996
- --------------------------------------
Adam O. Holzhauer
* Director December 13, 1996
- --------------------------------------
Robert P. Pinkas
* Director December 13, 1996
- --------------------------------------
Irving S. Shapiro
* Director December 13, 1996
- --------------------------------------
Richard S. Smith
*By: /s/ Stephen M. Mengert
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(Attorney in Fact)
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Page 20
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C> <C>
<PERIOD-TYPE> YEAR YEAR
<FISCAL-YEAR-END> SEP-30-1996 SEP-30-1995
<PERIOD-START> OCT-01-1995 OCT-01-1994
<PERIOD-END> SEP-30-1996 SEP-30-1995
<CASH> 770 101
<SECURITIES> 0 0
<RECEIVABLES> 56,268 38,393
<ALLOWANCES> 8,523 6,870
<INVENTORY> 0 0
<CURRENT-ASSETS> 54,565 35,630
<PP&E> 25,067 18,887
<DEPRECIATION> 11,644 8,357
<TOTAL-ASSETS> 98,736 73,151
<CURRENT-LIABILITIES> 18,893 17,694
<BONDS> 0 0
0 3,490
0 0
<COMMON> 62 56
<OTHER-SE> 54,130 44,565
<TOTAL-LIABILITY-AND-EQUITY> 98,736 73,151
<SALES> 163,804 111,860
<TOTAL-REVENUES> 163,804 111,860
<CGS> 0 0
<TOTAL-COSTS> 148,930 100,038
<OTHER-EXPENSES> 0 0
<LOSS-PROVISION> 4,708 3,164
<INTEREST-EXPENSE> 1,778 1,643
<INCOME-PRETAX> 8,452 7,015
<INCOME-TAX> 3,406 4,211
<INCOME-CONTINUING> 0 0
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 781
<CHANGES> 0 0
<NET-INCOME> 5,046 4,993
<EPS-PRIMARY> 0.79 0.94
<EPS-DILUTED> 0 0
</TABLE>
