UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10-Q/A
AMENDMENT NO. 1 TO FORM 10-Q
[X]QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarter ended June 30, 1996
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 0-22982
NAVARRE CORPORATION
(Exact name of registrant as specified in its charter)
Minnesota 41-1704319
(State of other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
7400 49th Avenue North, New Hope, MN 55428
(Address of principal executive offices)
Registrants telephone number, including area code (612) 535-8333
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. [X] Yes [ ] No
Indicate the number of shares outstanding of each of the issuers classes
of common stock, as of the latest practical date.
Common Stock, No Par Value - 6,603,168 shares as of July 31, 1996
<PAGE>
Part II. Other Information
Item 6. Exhibits and Reports on Form 8-K
The Exhibit 28.1 - Financial Data Schedule has been added.
Signitures
The signiture page is attached.
<PAGE>
NAVARRE CORPORATION
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.
Navarre Corporation
(Registrant)
Date: November 14, 1996 By /s/ Eric H. Paulson
-----------------------
Eric H. Paulson
Chairman of the Board,
President and
Chief Executive Officer
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> JUN-30-1996
<EXCHANGE-RATE> 1.000
<CASH> 3
<SECURITIES> 0
<RECEIVABLES> 42416
<ALLOWANCES> 1336
<INVENTORY> 16450
<CURRENT-ASSETS> 60035
<PP&E> 2863
<DEPRECIATION> 1552
<TOTAL-ASSETS> 66041
<CURRENT-LIABILITIES> 55064
<BONDS> 0
0
0
<COMMON> 7587
<OTHER-SE> 3390
<TOTAL-LIABILITY-AND-EQUITY> 66041
<SALES> 39592
<TOTAL-REVENUES> 39592
<CGS> 34525
<TOTAL-COSTS> 4159
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 547
<INTEREST-EXPENSE> 463
<INCOME-PRETAX> 341
<INCOME-TAX> 140
<INCOME-CONTINUING> 908
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 201
<EPS-PRIMARY> .03
<EPS-DILUTED> .03
</TABLE>
