UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
AMENDMENT NO. 1
[ X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [Fee Required]
For the fiscal year ended December 31, 1996
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or
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [No Fee Required]
For the transition period from to
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Commission file number 0-25246
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WINSLOEW FURNITURE, INC.
(Exact name of registrant as specified in its charter)
Florida 63-1127982
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(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
201 Cahaba Valley Parkway, Pelham, Alabama 35124
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(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code) (205) 403-0206
Securities registered pursuant to Section 12 (b) of the Act:
None
Securities registered pursuant to Section 12(g) of the Act:
Name of each exchange
Title of each class on which registered
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Common Stock,
$.01 par value per share Nasdaq National Market
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
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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. [ ]
The aggregate market value of shares of Common Stock held by non-affiliates
of the registrant as of March 11, 1997, was approximately $47,250,973 based
on a $9.31 closing sale price for the Common Stock quoted on the Nasdaq
National Market System on such date. For purposes of this computation, all
executive officers, directors, and 5% beneficial owners are, in fact,
affiliates of the registrant.
The number of shares of Common Stock, $.01 par value per share, of the
registrant outstanding as of March 11, 1997, was 7,438,083.
DOCUMENTS INCORPORATED BY REFERENCE:
Portions of the registrant's definitive Proxy Statement for the registrant's
1997 Annual Meeting of Shareholders, to be filed with the Securities and
Exchange Commission not later than 120 days after the end of the fiscal year
covered by this report, are incorporated into Part III hereof.
The Company amends Part IV Item 14(a)(3) to include Exhibit 27 Financial Data
Schedule.
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.
WINSLOEW FURNITURE, INC.
Date: May 6, 1997 by: /s/ Vincent A. Tortorici, Jr.
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Vincent A. Tortorici, Jr.
Vice President, Chief Financial Officer
(Principal Financial Officer)
[TYPE] EX 27
[ARTICLE] 5
[MULTIPLIER] 1000
[LEGEND] IN THOUSANDS EXCEPT PER SHARE AMOUNT
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] DEC-31-1996
[CASH] 897
[SECURITIES] 0
[RECEIVABLES] 27,203
[ALLOWANCES] 0
[INVENTORY] 20,714
[CURRENT-ASSETS] 52,707
[PP&E] 27,898
[DEPRECIATION] (10,173)
[TOTAL-ASSETS] 101,408
[CURRENT-LIABILITIES] 12,555
[BONDS] 38,776
[PREFERRED-MANDATORY] 0
[PREFERRED] 0
[COMMON] 75
[OTHER-SE] 48,325
[TOTAL-LIABILITY-AND-EQUITY] 101,408
[SALES] 143,979
[TOTAL-REVENUES] 143,979
[CGS] 97,760
[TOTAL-COSTS] 127,904
[OTHER-EXPENSES] 0
[LOSS-PROVISION] 0
[INTEREST-EXPENSE] 3,083
[INCOME-PRETAX] 12,992
[INCOME-TAX] 4,708
[INCOME-CONTINUING] 8,284
[DISCONTINUED] 0
[EXTRAORDINARY] 0
[CHANGES] 0
[NET-INCOME] 8,284
[EPS-PRIMARY] .95
[EPS-DILUTED] .95
</TABLE>
