<PAGE>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 1
TO
FORM 10-Q
(Revisions to Financial Data Schedule
filed on August 13, 1998)
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 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 0-24534
MERIDIAN SPORTS INCORPORATED
- -------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
DELAWARE 13-3776096
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
100 CHEROKEE COVE DRIVE, VONORE, TENNESSEE 37885
- -------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
423-884-6776
- -------------------------------------------------------------------------------
(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.
Class Outstanding at August 13, 1998
- ----------------------- ------------------------------
Common Stock, $0.01 par 8,000,000
As of August 13, 1998, 5,200,000 shares of the Registrant's
outstanding common stock were held by an indirect
wholly-owned subsidiary of Mafco Holdings Inc.
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MERIDIAN SPORTS INCORPORATED AND SUBSIDIARIES
EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
27* Financial Data Schedule.
* filed herewith
2
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MERIDIAN SPORTS INCORPORATED AND SUBSIDIARIES
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.
MERIDIAN SPORTS INCORPORATED
(Registrant)
August 14, 1998 By: /s/ James A. Valkenaar
--------------------------
James A. Valkenaar
Vice President
(Principal Accounting Officer)
3
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Meridian Sports Incorporated Consolidated Balance Sheet and Statement of
Operations and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> USD
<S> <C>
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-START> Jan-01-1998
<PERIOD-END> Jun-30-1998
<PERIOD-TYPE> 6-MOS
<EXCHANGE-RATE> 1
<CASH> 190
<SECURITIES> 0
<RECEIVABLES> 3,806
<ALLOWANCES> (416)
<INVENTORY> 6,979
<CURRENT-ASSETS> 11,486
<PP&E> 10,652
<DEPRECIATION> (4,279)
<TOTAL-ASSETS> 18,169
<CURRENT-LIABILITIES> 10,733
<BONDS> 0
0
0
<COMMON> 80
<OTHER-SE> (9,551)
<TOTAL-LIABILITY-AND-EQUITY> 18,169
<SALES> 31,621
<TOTAL-REVENUES> 31,621
<CGS> 24,669
<TOTAL-COSTS> 24,669
<OTHER-EXPENSES> 6,243
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 707
<INCOME-PRETAX> 2
<INCOME-TAX> 0
<INCOME-CONTINUING> 2
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 2
<EPS-PRIMARY> 0.00
<EPS-DILUTED> 0.00
</TABLE>
