U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
(Mark One)
(X) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 (Fee Required)
For the year ended December 31, 1996.
( ) TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 (No Fee Required)
For the transition period from_______________________to____________________
Commission file number 33-64236
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Alpha Hospitality Corporation
- --------------------------------------------------------------------------------
(Name of small business issuer in its charter)
Delaware 13-3714474
- --------------------------------------------------------------------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
12 East 49th Street, New York, N.Y. 10017
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Issuer's telephone number (212) 750-3500
-------------------------------------------------------
Securities registered under Section 12(b) of the Exchange Act:
Name of each exchange
Title of each class on which registered
------------------- --------------------
Common Stock, $.01 par value per share Boston Stock Exchange
- ------------------------------------------- ------------------------------
Redeemable Common Stock Purchase Warrants
each redeemable common stock purchase
warrant entitling the holder to purchase
one share of common stock
Securities registered under Section 12(g) of the Exchange Act:
None
----------------------------------------------------------------------
(Title of class)
<PAGE>
SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
ALPHA HOSPITALITY CORPORATION
By: /s/ Stanley S. Tollman
--------------------------------------
Stanley S. Tollman
Title: Chairman of the Board and
Co-Chief Executive Officer
Date:
In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
Signature Title Date
--------- ----- ----
/s/ Stanley S. Tollmen Chairman of the Board and Co-Chief 3/31/97
- ------------------------ Executive Officer
Stanley S. Tollman
/s/ Thomas W. Aro Vice President and Director 3/31/97
- ------------------------
Thomas W. Aro
/s/ James A. Cutler Chief Financial Officer and Treasurer 3/31/97
- ------------------------ (Principal Financial and Accounting
James A. Cutler Officer)
/s/ Sanford Freedman Vice President, Secretary and Director 3/31/97
- ------------------------
Sanford Freedman
/s/ Brett G. Tollman Vice President and Director 3/31/97
- ------------------------
Brett G. Tollman
57
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
Alpha Hospitality Corporation Form 10-K for the year ended December 31, 1996
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<CASH> 1,350
<SECURITIES> 0
<RECEIVABLES> 600
<ALLOWANCES> 527
<INVENTORY> 297
<CURRENT-ASSETS> 2,530
<PP&E> 57,135
<DEPRECIATION> 17,475
<TOTAL-ASSETS> 43,954
<CURRENT-LIABILITIES> 32,340
<BONDS> 24,794
0
7
<COMMON> 135
<OTHER-SE> 1,364
<TOTAL-LIABILITY-AND-EQUITY> 43,954
<SALES> 0
<TOTAL-REVENUES> 44,520
<CGS> 0
<TOTAL-COSTS> 42,814
<OTHER-EXPENSES> 23,594<F1><F2><F3><F4>
<LOSS-PROVISION> 211
<INTEREST-EXPENSE> 4,421
<INCOME-PRETAX> (26,309)
<INCOME-TAX> 0
<INCOME-CONTINUING> (26,309)
<DISCONTINUED> 3,494
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (22,815)
<EPS-PRIMARY> (1.72)
<EPS-DILUTED> 0
<FN>
<F1> Amount includes depreciation & amortization
<F2> of $6,059, Development costs of $1,468, Debt conversion
<F3> Fee of $1,019, write off of Lakeshore Leasehold improvements
<F4> of $14,507 and Termination of Lease agreement of $541.
</FN>
</TABLE>
