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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB/A
(Mark One)
/X/ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1999
OR
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
COMMISSION FILE NUMBER: 000-22845
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CREATIVE HOST SERVICES, INC.
(Exact name of registrant as specified in its charter)
CALIFORNIA 33-0169494
(State or other jurisdiction (I.R.S. Employer
of organization) Identification No.)
6335 FERRIS STREET, SUITE G-H
SAN DIEGO, CA 92126
(Address of principal executive offices)
(619) 587-7300
(Issuer's telephone number, including area code)
NOT APPLICABLE
(Former name, address and fiscal year, if changed since last report)
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 / /
As of May 10, 1999, 3,211,033 shares of the registrant's common stock were
outstanding.
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PART II - OTHER INFORMATION
Item 3. Defaults Upon Senior Securities
In December of 1998 the Company issued certain convertible promissory notes
(the "Notes") in the aggregate principal amount of $3 million pursuant to a
12% Secured Convertible Notes Indenture (the "Indenture") dated as of
December 21, 1998 between the Company and U.S. Bank National Association, as
trustee. The holders of a majority of the aggregate amount of outstanding
Notes have notified the Company that, during the first quarter of 1999, the
Company failed to maintain certain financial and debt covenants provided for
in the Indenture. The Company has acknowledged its failure to maintain these
covenants and is currently negotiating with representatives of the holders of
all of the Notes to amend the Indenture and bring the Company into compliance
with the provisions of the Indenture.
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SIGNATURE
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.
CREATIVE HOST SERVICES, INC.
Date: October 19, 1999 /s/ Sayed Ali
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Sayed Ali, President and Chief Financial Officer
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