-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BTI4Pv8f4Rr9S22uK9w55G+4bmL/LW4Z8flLuMJVvutzSzszkBlqHp2QoPD35nX3 RlL18kytiO4IFeefRmuFDA== 0000950144-97-004051.txt : 19970414 0000950144-97-004051.hdr.sgml : 19970414 ACCESSION NUMBER: 0000950144-97-004051 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970411 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: EMERGENT GROUP INC CENTRAL INDEX KEY: 0000277028 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 570513287 STATE OF INCORPORATION: SC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-08909 FILM NUMBER: 97578787 BUSINESS ADDRESS: STREET 1: 15 SOUTH MAIN ST STE 750 CITY: GREENVILLE STATE: SC ZIP: 29601 BUSINESS PHONE: 8642358056 MAIL ADDRESS: STREET 1: 15 SOUTH MAIN ST STE 750 CITY: GREENVILLE STATE: SC ZIP: 29601 FORMER COMPANY: FORMER CONFORMED NAME: NRUC CORP DATE OF NAME CHANGE: 19911002 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL RAILWAY UTILIZATION CORP DATE OF NAME CHANGE: 19840813 10-K/A 1 EMERGENT GROUP, INC. 1 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 --------------------- FORM 10-K/A (MARK ONE) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED, EFFECTIVE OCTOBER 7, 1996). FOR THE FISCAL YEAR ENDED December 31, 1996 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 ____________
COMMISSION FILE NO. 0-8909 --------------------- EMERGENT GROUP, INC. (Exact name of registrant as specified in its charter) SOUTH CAROLINA 57-0513287 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification No.) 15 SOUTH MAIN STREET, SUITE 750 29601 GREENVILLE, SOUTH CAROLINA (Zip Code) (Address of principal executive offices)
Registrant's telephone number, including area code 864-235-8056 Securities Registered Under Section 12(B) of the act: NAME OF EACH EXCHANGE ON WHICH REGISTERED NONE Securities Registered Under Section 12(G) of the act: TITLE OF EACH CLASS COMMON STOCK, PAR VALUE $.05 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 the registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of the Form 10-K or any amendment to this Form 10-K. [ ] As of March 14, 1997, the aggregate market value of voting stock held by non-affiliates of registrant was approximately $104,083,349. As of March 14, 1997, the shares outstanding of the issuer's class of common stock were as follows: 9,144,430. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Company's Definitive Proxy Statement for the Annual Meeting of Shareholders scheduled for May 27, 1997 are incorporated by reference into Part III hereof. Portions of the Company's Annual Report to the shareholders for the year ended December 31, 1996, are incorporated by reference into Part II hereof. ================================================================================ 2 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. EMERGENT GROUP, INC. ------------------------------------ Registrant /s/ JOHN M. STERLING, JR. ------------------------------------ John M. Sterling, Jr. Board of Directors and Chief Executive Officer March 24, 1997 - ----------------------------------------- (Date) 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. /s/ ROBERT S. DAVIS /s/ TECUMSEH HOOPER, JR. - -------------------------------------------- -------------------------------------------- Robert S. Davis Tecumseh Hooper, Jr. Vice President-Administration Director Director /s/ JOHN M. STERLING, JR. /s/ CLARENCE B. BAUKNIGHT - -------------------------------------------- -------------------------------------------- John M. Sterling, Jr. Clarence B. Bauknight Chairman of the Board of Directors and Chief Director Executive Officer /s/ BUCK MICKEL /s/ PORTER B. ROSE - -------------------------------------------- -------------------------------------------- Buck Mickel Porter B. Rose Director Director /s/ JACOB H. MARTIN /s/ KEITH B. GIDDENS - -------------------------------------------- -------------------------------------------- Jacob H. Martin Keith B. Giddens Director President and Chief Operating Officer Director /s/ KEVIN J. MAST -------------------------------------------- Kevin J. Mast Vice President, Chief Financial Officer and Treasurer
March 24, 1997 - ----------------------------------------- (Date) 29 3 Exhibit Index 11.1 -- Statement re. computation of earnings per share.
28 EX-11.1 2 COMPUTATION OF EARNINGS 1 EXHIBIT 11.1 ITEM 14 (c) EMERGENT GROUP, INC. COMPUTATION OF EARNINGS PER SHARE
For the Years Ended December 31, ---------------------------------------- 1994 1995 1996 ---- ---- ---- (In thousands, except per share data) Income (loss) Applicable to Common Stock Income from continuing operations $1,792 $4,581 $10,095 Income from discontinued operations $546 ($3,924) -- Cumulative effect of change in accounting method -- -- -- ----------------------------------------- Net Income $2,338 $657 $10,095 ========================================= Primary Earnings Per Share Computation Weighted average number of shares outstanding during the year 6,669,343 6,464,582 6,852,420 Dilutive effect of Common Stock options and warrants based on the average market price 19,391 203,610 247,454 ----------------------------------------- 6,688,734 6,668,192 7,099,874 ========================================= Per share amounts: Income from continuing operations before cumulative effect of change in accounting method $0.27 $0.69 $1.42 Income from discontinued operations $0.08 ($0.59) -- ----------------------------------------- Income before cumulative effect of change in accounting method $0.35 $0.10 $1.42 Cumulative effect of change in accounting method -- -- -- ----------------------------------------- Net Income $0.35 $0.10 $1.42 ========================================= Fully Diluted Earnings Per Share Computation Weighted average number of shares outstanding during the year 6,669,343 6,464,582 6,852,420 Dilutive effect of Common Stock options and warrants based on the average market price 19,391 203,610 247,454 ----------------------------------------- 6,688,734 6,668,192 7,099,874 ========================================= Per share amounts: Income from continuing operations before cumulative effect of change in accounting method $0.27 $0.69 $1.42 Income from discontinued operations $0.08 ($0.59) $0.00 Income before cumulative effect of change in ----------------------------------------- accounting method $0.35 $0.10 $1.42 Cumulative effect of change in accounting method -- -- -- ----------------------------------------- Net Income $0.35 $0.10 $1.42 =========================================
-----END PRIVACY-ENHANCED MESSAGE-----