<PAGE> 1
FORM 10-Q/A-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
\X\ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 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 1-12740
NEW WEST EYEWORKS, INC.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 34-1589514
------------------------ ------------------------------------
(State of incorporation) (I.R.S. Employer Identification No.)
2104 West Southern Avenue, Tempe, Arizona 85282
- ---------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
(602) 438-1330
----------------------------------------------------
(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
--- ---
Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.
Common Stock, $0.01 par value: 3,763,036 (as of March 30, 1996)
- ----------------------------------------------------------------
<PAGE> 2
PART II--OTHER INFORMATION
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) EXHIBITS
27 Financial Data Schedule
(b) REPORTS ON FORM 8-K
Not applicable.
2
<PAGE> 3
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.
NEW WEST EYEWORKS, INC.
Date: May 14, 1996 By: /s/ Barry J.Feld
-----------------------------------------
Barry J. Feld
President and Chief Executive Officer
Date: May 14, 1996 By: /s/ Robert W. Regas
------------------------------------------
Robert W. Regas
Vice President-Finance and Administration
3
<PAGE> 4
NEW WEST EYEWORKS, INC.
EXHIBIT INDEX
-------------
<TABLE>
<CAPTION>
<S> <C>
27 Financial Data Schedule
</TABLE>
4
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-28-1996
<PERIOD-START> DEC-31-1995
<PERIOD-END> MAR-30-1996
<EXCHANGE-RATE> 1
<CASH> 183,000
<SECURITIES> 0
<RECEIVABLES> 1,262,000
<ALLOWANCES> 162,000
<INVENTORY> 3,487,000
<CURRENT-ASSETS> 4,894,000
<PP&E> 15,237,000
<DEPRECIATION> 8,486,000
<TOTAL-ASSETS> 12,250,000
<CURRENT-LIABILITIES> 9,653,000
<BONDS> 313,000
0
5,460,000
<COMMON> 38,000
<OTHER-SE> (3,214,000)
<TOTAL-LIABILITY-AND-EQUITY> 12,500,000
<SALES> 11,504,000
<TOTAL-REVENUES> 0
<CGS> 5,800,000
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 5,121,000
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 36,000
<INCOME-PRETAX> 547,000
<INCOME-TAX> 104,000
<INCOME-CONTINUING> 443,000
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 443,000
<EPS-PRIMARY> .10
<EPS-DILUTED> .10
</TABLE>
