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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
(Mark One)
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 1997
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OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
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Commission File Number: 0-24510
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HOLMES PROTECTION GROUP, INC.
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(Exact name of Registrant as specified in its Charter)
Delaware 06-1070719
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
440 Ninth Avenue
New York, New York 10001-1695
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(Address of principal executive offices)
(212) 760-0630
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(Registrant's telephone number)
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(Former Name, Former Address and Former Fiscal Year, if changed since last
Report)
Check whether the registrant (1) has filed all reports required to be filed by
Section 13 or 15 (d) of the Exchange Act during the past 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
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Number of shares of Common Stock, par value $.01 per share, outstanding as of
August 12, 1997: 6,315,791.
Transitional Small Business Disclosure Format (check one):
Yes ______ No ___X__
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The undersigned registrant hereby amends the following item of its
Quarterly Report on Form 10-Q for its fiscal quarter ended June 30, 1997.
PART II. OTHER INFORMATION
Item 2. Changes in Securities.
During the quarter ended June 30, 1997 the Company issued securities
that were not registered under the Securities Act of 1933, as amended (the
"Act"), as follows:
1. On April 11, 1997, 44,475 Shares, and on July 25, 1997, 1,871
shares (aggregating 46,346 Shares) were issued to Michael Fletcher in
connection with the purchase of all of the issued and outstanding shares of the
two alarm security companies owned by Mr. Fletcher which were located in
Tampa, Florida. As consideration for such sale, the Company became the owner of
such two alarm security companies which in the aggregate were valued at
approximately $691,943.
2. On June 25, 1997, 47,300 shares, and on July 18, 1997, 3,998
Shares (aggregating 51,298 Shares) were issued to Binckley Company, Inc.
(formerly, D&H Electric, Inc.) In connection with the acquisition of
substantially all of the assets of an alarm security company located in
Nashville, Tennessee. As consideration for such sale, the Company received
assets valued at approximately $718,175.
3. On July 23, 1997, an aggregate of 156,297 Shares were issued to
George and Leeann Brown, Tom and Sue Taylor and George and Julianne Keefe in
connection with the purchase of all of the issued and outstanding shares of an
alarm security company owned by the aforesaid sellers, which was located in
San Ramon, California. As consideration for such sale, the Company became the
owner of such alarm security company which was valued at approximately
$2,250,000.
4. On August 11, 1997 the Company issued Subordinated Convertible
Debentures in the aggregate principal amount of $350,997 bearing interest at
the rate of ten percent (10%) per annum. The Debentures are convertible into
24,562 Shares on or after October 1, 1997. The Debentures were issued in
payment for the 25% balance of the purchase price of approximately $1,500,000
paid to the two stockholders of a security alarm company located in Erie,
Pennsylvania.
All of the Shares and the Debentures listed above were sold by the
issuer in transactions not involving any public offering pursuant to the
exemption from registration provided in Section 4(2) of the Act.
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SIGNATURE
In accordance with the requirements of the Securities Exchange Act of
1934, the registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
HOLMES PROTECTION GROUP, INC.
(Registrant)
Dated: August 29, 1997
By: /s/ George V. Flagg
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George V. Flagg
President and Chief Executive Officer
Dated: August 29, 1997
By: /s/ Lawrence R. Irving
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Lawrence R. Irving
Vice President - Finance
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