UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
AMENDMENT NO. 2 TO CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
June 4, 1997
Date of Report (Date of earliest event reported)
POORE BROTHERS, INC.
(Exact name of registrant as specified in its charter)
1-14556
DELAWARE 0-21857 86-0786101
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation) Identification No.)
3500 S. La Cometa Drive
Goodyear, Arizona 85338
(Address of principal executive offices)(zip code)
(602) 932-6200
(Registrant's telephone number, including area code)
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The Registrant hereby amends the following item of its Amendment No. 1 to
Current Report on Form 8-K filed with the Commission on August 18, 1997. The
Registrant is amending Item 7(b) to include certain required pro forma financial
information.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(b) Pro Forma Financial Information
Pro forma information has been provided below for the following periods -
the three months ended September 30, 1997 and 1996; and the nine months
ended September 30, 1997 and 1996. The pro forma data is based on the
historical statement of operations, with elimination of all PB Texas
transactions. The revenue decrease associated with the elimination of PB
Texas was $1,323,427 for the nine months ended September 30, 1997. Costs
and expenses were reduced with the elimination of PB Texas by $1,443,286
for the nine months ended September 30, 1997. There was an additional one
time charge of $150,000 in June 1997 associated with the disposition of PB
Texas. Accordingly, the pro forma statements of operations below have been
adjusted to reflect the above mentioned amounts.
POORE BROTHERS, INC.
PRO FORMA STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>
Three months ended September 30, Nine months ended September 30,
--------------------------------------------- -------------------------------------------
1997 1996 1997 1996
----------------------- --------------------- --------------------- ---------------------
<S> <C> <C> <C> <C>
Revenues $ 3,334,303 $ 4,280,628 $ 11,335,475 $ 11,403,235
Cost of sales 3,011,936 3,484,015 9,844,011 9,262,135
----------------------- --------------------- --------------------- ---------------------
Gross profit 322,367 796,613 1,491,464 2,141,100
Selling, general and administrative
expenses 1,009,093 831,399 2,872,577 2,040,737
Closing of Tennessee manufacturing
operation 470,021 470,021
----------------------- --------------------- --------------------- ---------------------
Operating income (loss) (1,156,747) (34,786) (1,851,134) 100,363
Net interest expense (112,394) (101,293) (197,328) (283,718)
----------------------- --------------------- --------------------- ---------------------
Net loss $ (1,269,141) $ (136,079) $ (2,048,462) $ (183,355)
======================= ===================== ===================== =====================
Loss per common share and common
share equivalent $ (0.18) $ (0.03) $ (0.29) $ (0.04)
======================= ===================== ===================== =====================
</TABLE>
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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.
POORE BROTHERS, INC.
(registrant)
Dated: November 17, 1997 By: /s/ Thomas W. Freeze
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Thomas W. Freeze
Vice President and Chief Financial Officer