UNITED STATES
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 May 2, 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: 0-22834
SUCCESSORIES, INC.
(Exact name of registrant as specified in its charter)
ILLINOIS 36-3760230
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
2520 Diehl Road
Aurora, Illinois 60504
(Address of principal executive offices) (Zip Code)
(630) 820-7200
(Registrant's telephone number, including area code)
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
Registrant had 6,765,121 shares of common stock, $.01 par value,
outstanding as of June 15, 1998.
<PAGE>
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 thereunto duly authorized.
SUCCESSORIES, INC.
(Registrant)
Date: August 7, 1998 By: /s/ Arnold M. Anderson
Arnold M. Anderson
President and Chief Executive Officer
(Principal Executive Officer)
Date: August 7, 1998 By: /s/ Steven D. Kuptsis
Steven D. Kuptsis
Senior Vice President, Administration and
Chief Financial Officer
(Principal Financial Officer)
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JAN-30-1999
<PERIOD-END> MAY-02-1998
<CASH> 1,228,000
<SECURITIES> 0
<RECEIVABLES> 5,668,000
<ALLOWANCES> 188,000
<INVENTORY> 11,159,000
<CURRENT-ASSETS> 20,691,000
<PP&E> 18,256,000
<DEPRECIATION> 7,804,000
<TOTAL-ASSETS> 39,723,000
<CURRENT-LIABILITIES> 12,094,000
<BONDS> 6,259,000
0
0
<COMMON> 68,000
<OTHER-SE> 21,006,000
<TOTAL-LIABILITY-AND-EQUITY> 39,723,000
<SALES> 12,261,000
<TOTAL-REVENUES> 12,579,000
<CGS> 5,177,000
<TOTAL-COSTS> 8,410,000
<OTHER-EXPENSES> 26,000
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 341,000
<INCOME-PRETAX> (1,375,000)
<INCOME-TAX> 0
<INCOME-CONTINUING> (1,375,000)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (1,375,000)
<EPS-PRIMARY> (.20)
<EPS-DILUTED> (.20)
</TABLE>
