SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1 on Form 10-K/A
[x] Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934
For the fiscal year ended December 31, 1996
Commission File No. 0-25040
APPLIX, INC.
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Massachusetts 04-2781676
- ------------------------------- ------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
112 Turnpike Road, Westboro, Massachusetts 01581-2831
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(Address of principal executive offices) (Zip Code)
(508) 870-0300
--------------
Registrant's telephone number, including area code
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, $.0025 par value per share
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]
On March 10, 1997, the aggregate market value of Common Stock held by
non-affiliates of the registrant was $73,115,582 based on the closing price of
the Common Stock on the Nasdaq National Market on March 10, 1996.
The number of shares of Common Stock outstanding as of March 19, 1997
was 9,948,538.
<PAGE>
This Amendment No. 1 on Form 10-K/A to Annual Report on Form 10-K, as filed with
the Commission on March 31, 1997, is being filed for the purpose of filing the
Financial Data Schedule to the Annual Report on Form 10-K.
<PAGE>
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K
(a) Index to Consolidated Financial Statements.
-13-
<PAGE>
3. The Exhibits filed as a part of this Annual Report on
Form 10-K are the following:
<TABLE>
<S> <C>
*3.1 -- Restated Articles of Organization.
*3.2 -- By-laws.
*+10.1 -- 1994 Equity Incentive Plan.
*+10.2 -- 1984 Stock Option Plan.
**10.3 -- Commercial Lease between the Registrant and Westboro II-III,
Inc. dated January 5, 1996.
**10.4 -- Commercial Lease between the Registrant and Westboro I Real
Estate Corp. dated January 15, 1996.
* 10.5 -- Standard form of Applixware Software License Agreement.
** 10.6 -- 1996 Director Stock Option Plan.
*** 11.1 -- Statement regarding computation of earnings per share.
* 21.1 -- Subsidiaries of the Registrant.
*** 23.1 -- Consent of Coopers & Lybrand L.L.P.
27.1 -- Financial Data Schedule
</TABLE>
- ----------
-14-
<PAGE>
* Incorporated by reference from the Company's Registration Statement on
Form S-1 (File no. 33-85688).
** Incorporated by referenced to the Registrant's Report on Form 10-K for
the fiscal year ended December 31, 1995, as filed with the Commission on
April 1, 1996.
*** Previously filed.
+ Management contract or compensatory plan.
-15-
<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.
APPLIX, INC.,
By: /s/ Patrick J. Scannell, Jr.
--------------------------------
Patrick J. Scannell, Jr.
Executive Vice President, Finance &
Administration, Chief Financial Officer
and Treasurer
Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed by the following persons in the capacities and on the dates
indicated.
<TABLE>
<CAPTION>
Signature Title Date
--------- ----- ----
<S> <C> <C>
/s/ Jitendra S. Saxena
- ----------------------- President and Chief Executive Officer and
Jitendra S. Saxena Director (Principal executive officer) April 2, 1997
Executive Vice President, Finance and
/s/ Patrick J. Scannell, Jr. Administration, Chief Financial Officer and
- ----------------------- Treasurer (Principal financing and accounting
Patrick J. Scannell, Jr. officer) April 2, 1997
- -----------------------
Richard J. Davis Director
/s/ Paul J. Ferri
- -----------------------
Paul J. Ferri Director April 2, 1997
- -----------------------
Alain J. Hanover Director
/s/ David C. Mahoney
- -----------------------
David C. Mahoney Director April 2, 1997
</TABLE>
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<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit No. Description
- ----------- -----------
<S> <C>
* 3.1 -- Restated Articles of Organization.
* 3.2 -- By-laws.
*+10.1 -- 1994 Equity Incentive Plan.
*+10.2 -- 1984 Stock Option Plan.
**10.3 -- Commercial Lease between the Registrant and Westboro II-III Inc. dated
January 5, 1996.
**10.4 -- Commercial Lease between the Registrant and Westboro I Real Estate Corp.
dated January 15, 1996.
* 10.5 -- Standard form of Applixware Software License Agreement.
**10.6 -- 1996 Director Stock Option Plan.
***11.1 -- Statement regarding computation of earnings per share.
*21.1 -- Subsidiaries of the Registrant.
***23.1 -- Consent of Coopers & Lybrand L.L.P.
27.1 -- Financial Data Schedule.
</TABLE>
*Incorporated by reference from the Company's Registration Statement on Form
S-1 (File no. 33-85688).
**Incorporated by referenced to the Registrant's Report on Form 10-K for the
fiscal year ended December 31, 1995, as filed with the Commission on April 1,
1996.
***Previously filed.
+ Management contract or compensatory plan.
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<CASH> 19,882
<SECURITIES> 0
<RECEIVABLES> 13,222
<ALLOWANCES> 518
<INVENTORY> 0
<CURRENT-ASSETS> 38,238
<PP&E> 10,057
<DEPRECIATION> 5,401
<TOTAL-ASSETS> 44,514
<CURRENT-LIABILITIES> 17,114
<BONDS> 0
0
0
<COMMON> 25
<OTHER-SE> 27,375
<TOTAL-LIABILITY-AND-EQUITY> 44,514
<SALES> 51,237
<TOTAL-REVENUES> 51,237
<CGS> 7,513
<TOTAL-COSTS> 7,513
<OTHER-EXPENSES> 43,217
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 1,772
<INCOME-TAX> 4,408
<INCOME-CONTINUING> (2,636)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (2,636)
<EPS-PRIMARY> (0.27)
<EPS-DILUTED> (0.27)
</TABLE>
