<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A (Amendment No. 1)
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 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 0-25056
MAXCOR FINANCIAL GROUP INC.
-----------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 59-3262958
- ------------------------------- ------------------------------------
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
Two World Trade Center, 84th Floor, New York, NY 10048
- ------------------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 748-7000
--------------
Securities registered pursuant to Section 12(b) of the Act: None.
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, par value $.001 per share
(Title of class)
Preferred Stock Purchase Rights
(Title of class)
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 by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be contained,
to the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. X
The aggregate market value of the Common Stock held by non-affiliates
of the registrant (assuming directors, executive officers and 5% stockholders
are affiliates), based on the Nasdaq National Market closing sales price of
$1.375 on March 29, 1999, was approximately $7,783,992.
As of March 29, 1999, 11,323,782 shares of Common Stock were
outstanding.
Documents Incorporated by Reference: Those portions of registrant's
Proxy Statement for Annual Meeting of Stockholders (which registrant intends
to file pursuant to Regulation 14A on or before April 30, 1999) that contain
information required to be included in Part III of this Form 10-K are
incorporated by reference into Part III hereof as provided therein.
<PAGE>
MAXCOR FINANCIAL GROUP INC.
INDEX
Page
----
PART IV
Item 14. Exhibits, Financial Statement Schedules
and Reports on Form 8-K................................................... 3
Signatures (revised)...................................................... 4
Signatures................................................................ 5
Exhibit Index............................................................. 6
<PAGE>
PART IV
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K
The Annual Report on Form 10-K for the year ended December 31, 1998
(the "Form 10-K") of Maxcor Financial Group Inc. (the "Registrant") is hereby
amended: (i) to include an Amended Financial Data Schedule (which supersedes and
replaces in its entirety the Financial Data Schedule originally filed with the
Form 10-K) and (ii) to correct the Form 10-K's original Signature Page by
including thereon the conformed signature of the Registrant's Treasurer, which
was inadvertently omitted from the filing copy.
(a)(3) Exhibits
27 Amended Financial Data Schedule (filed in electronic form only)
3
<PAGE>
SIGNATURES
(revised)
Pursuant to the requirements of Section 13 or 15(d) 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.
MAXCOR FINANCIAL GROUP INC.
By: /s/ Gilbert D. Scharf
----------------------------------------
Gilbert D. Scharf,
Chairman of the Board, President and
Chief Executive Officer
Dated: March 30, 1999
Pursuant to the requirements of the Securities Exchange Act of
1934, this report has been signed below by the following persons on behalf of
the registrant and in the capacities and on the dates indicated.
<TABLE>
<S> <C> <C>
/s/ Gilbert D. Scharf Chairman of the Board, President March 30, 1999
- ---------------------------------- and Chief Executive Officer
Gilbert D. Scharf
/s/ Keith E. Reihl Chief Financial and Principal March 30, 1999
- ---------------------------------- Accounting Officer and Director
Keith E. Reihl
/s/ Steven R. Vigliotti Treasurer March 30, 1999
- ----------------------------------
Steven R. Vigliotti
/s/ Larry S. Kopp Director March 30, 1999
- ----------------------------------
Larry S. Kopp
/s/ Michael J. Scharf Director March 30, 1999
- ----------------------------------
Michael J. Scharf
/s/ James W. Stevens Director March 30, 1999
- ----------------------------------
James W. Stevens
/s/ Frederick B. Whittemore Director March 30, 1999
- ----------------------------------
Frederick B. Whittemore
/s/ William B. Wigton Director March 30, 1999
- ----------------------------------
William B. Wigton
4
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
MAXCOR FINANCIAL GROUP INC.
By: /s/ Gilbert D. Scharf
----------------------------------------
Gilbert D. Scharf,
Chairman of the Board, President and
Chief Executive Officer
Dated: April 1, 1999
Pursuant to the requirements of the Securities Exchange Act of
1934, this report has been signed below by the following persons on behalf of
the registrant and in the capacities and on the dates indicated.
</TABLE>
<TABLE>
<S> <C> <C>
/s/ Gilbert D. Scharf Chairman of the Board, President April 1, 1999
- ---------------------------------- and Chief Executive Officer
Gilbert D. Scharf
/s/ Keith E. Reihl Chief Financial and Principal April 1, 1999
- ---------------------------------- Accounting Officer and Director
Keith E. Reihl
/s/ Steven R. Vigliotti Treasurer April 1, 1999
- ----------------------------------
Steven R. Vigliotti
Director April 1, 1999
- ----------------------------------
Larry S. Kopp
Director April 1, 1999
- ----------------------------------
Michael J. Scharf
/s/ James W. Stevens Director April 1, 1999
- ----------------------------------
James W. Stevens
Director April 1, 1999
- ----------------------------------
Frederick B. Whittemore
/s/ William B. Wigton Director April 1, 1999
- ----------------------------------
William B. Wigton
</TABLE>
<PAGE>
EXHIBIT INDEX
Exhibit No. Description
27 Amended Financial Data Schedule (filed in electronic form only)
6
<TABLE> <S> <C>
<ARTICLE> BD
<LEGEND>
Amended Financial Data Schedule
This schedule contains summary financial information extracted from the
Consolidated Financial Statements of Maxcor Financial Group Inc. at and as of
December 31, 1998 and is qualified in its entirety by reference to such
Consolidated Financial Statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<CASH> 15,150,296
<RECEIVABLES> 16,557,824
<SECURITIES-RESALE> 0
<SECURITIES-BORROWED> 0
<INSTRUMENTS-OWNED> 11,578,515
<PP&E> 10,018,602
<TOTAL-ASSETS> 75,269,665
<SHORT-TERM> 0
<PAYABLES> 7,845,490
<REPOS-SOLD> 0
<SECURITIES-LOANED> 0
<INSTRUMENTS-SOLD> 0
<LONG-TERM> 3,824,842
2,000,000
0
<COMMON> 11,392
<OTHER-SE> 29,782,122
<TOTAL-LIABILITY-AND-EQUITY> 75,269,665
<TRADING-REVENUE> 954,249
<INTEREST-DIVIDENDS> 1,737,403
<COMMISSIONS> 149,293,022
<INVESTMENT-BANKING-REVENUES> 0
<FEE-REVENUE> 0
<INTEREST-EXPENSE> 1,079,147
<COMPENSATION> 100,527,090
<INCOME-PRETAX> 3,930,465
<INCOME-PRE-EXTRAORDINARY> 3,930,465
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (1,275,150)
<EPS-PRIMARY> (0.11)
<EPS-DILUTED> (0.11)
</TABLE>
