-----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, LAW9vl4O140Ye/gDWepI/Uq+LjFU8IXGlGhiei8J4t7/+Hq/wPodqFQkXFaMdGCI 5qlXWP6RaX3PE2cWCb8xwg== 0001047469-98-020797.txt : 19980518 0001047469-98-020797.hdr.sgml : 19980518 ACCESSION NUMBER: 0001047469-98-020797 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980515 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEL LABORATORIES INC CENTRAL INDEX KEY: 0000027751 STANDARD INDUSTRIAL CLASSIFICATION: PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844] IRS NUMBER: 131953103 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: SEC FILE NUMBER: 001-05439 FILM NUMBER: 98625738 BUSINESS ADDRESS: STREET 1: 565 BROADHOLLOW RD CITY: FARMINGDALE STATE: NY ZIP: 11735 BUSINESS PHONE: 5162937070 MAIL ADDRESS: STREET 1: 565 BROAD HOLLOW ROAD CITY: FARMINGDALE STATE: NY ZIP: 11735 FORMER COMPANY: FORMER CONFORMED NAME: MARADEL PRODUCTS INC DATE OF NAME CHANGE: 19670706 10-K/A 1 10-K/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A (Amendment I) FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) (X) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 1997 OR ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number 1-5439 DEL LABORATORIES, INC. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 13-1953103 - ------------------------------- ----------------------------- (State or other jurisdiction of (I.R.S. Employer I.D. Number) incorporation or organization) 178 EAB Plaza, Uniondale, NY 11556 - --------------------------------------- ---------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (516) 844-2020 SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: Title of each class Name of each exchange on which registered - -------------------------- ----------------------------------------- Common Stock, $1 par value American Stock Exchange SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: NONE 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] The aggregate market value of the Common Stock held by non-affiliates of the Registrant on March 27, 1998 was $155,518,165. On such date, the average bid and asked price for the Common Stock was $33.13 per share. The number of shares of Common Stock outstanding as of March 27, 1998 was 7,616,041 shares. DOCUMENTS INCORPORATED BY REFERENCE:
Part of the Form 10-K into which the Document is Document Incorporated - -------- -------------------------- Definitive Proxy Statement for 1998 Annual Part III, Items 10, 11, 12 and 13 Meeting of Stockholders
Explanatory Note - ---------------- THE INFORMATION CONTAINED HEREIN WITH RESPECT TO THE FIRST AND SECOND QUARTERS OF 1997 HAS BEEN RESTATED ON MAY 15, 1998 TO REFLECT SHIPMENTS OF FINISHED PRODUCTS WHICH SHOULD HAVE BEEN RECOGNIZED IN THE SECOND QUARTER OF 1997 INSTEAD OF THE FIRST QUARTER OF 1997. THE COMPANY HAS RESTATED PREVIOUSLY ISSUED FINANCIAL RESULTS FOR EACH OF THE FIRST AND SECOND QUARTERS OF THE YEAR ENDED DECEMBER 31, 1997. THE RESTATEMENTS DID NOT IMPACT REPORTED RESULTS FOR THE SIX MONTHS ENDED JUNE 30, 1997 OR THE YEAR ENDED DECEMBER 31, 1997. THE FOLLOWING SUMMARIZES THE IMPACT OF THE RESTATEMENTS:
Year Ended December 31, 1997 ---------------------------------------- First Quarter Second Quarter ------------- -------------- Net Sales As previously reported $61,319 $67,989 As restated 54,215 75,093 Cost of goods sold As previously reported 23,809 26,719 As restated 21,386 29,142 Net Earnings As previously reported 3,295 3,193 As restated 1,061 5,427 Earnings Per Common Share: Basic As previously reported .44 .42 As restated .14 .72 Earnings Per Common Share: Diluted As previously reported .41 .39 As restated .13 .66
DEL LABORATORIES, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements, Continued (16) Unaudited Quarterly Financial Data ---------------------------------- The following is a summary of quarterly operating results (in thousands of dollars except per share amounts):
Year Ended December 31, 1997 ------------------------------------------------------- First Second Third Fourth Quarter Quarter Quarter Quarter ------- ------- ------- ------- Net sales $54,215 $75,093 $68,865 $64,837 Cost of goods sold 21,386 29,142 26,541 24,020 Net earnings 1,061 5,427 3,675 2,964 Earnings per common share Basic $ .14 $ .72 $ .49 $ .39 ------- ------- ------- ------- ------- ------- ------- ------- Diluted $ .13 $ .66 $ .44 $ .36 ------- ------- ------- ------- ------- ------- ------- -------
Year Ended December 31, 1996 ------------------------------------------------------ First Second Third Fourth Quarter Quarter Quarter Quarter ------- ------- ------- ------- Net sales $56,094 $58,060 $60,354 $58,443 Cost of goods sold 22,815 24,216 27,612 22,877 Net earnings 2,388 2,197 2,575 2,118 Earnings per common share Basic $ .32 $ .29 $ .35 $ .29 ------- ------- ------- ------- ------- ------- ------- ------- Diluted $ .29 $ .27 $ .32 $ .26 ------- ------- ------- ------- ------- ------- ------- -------
Earnings per share calculations for each of the quarters are based on weighted average number of shares outstanding in each period. Therefore, the sum of the quarters in a year does not necessarily equal the year's earnings per share. F-24 -----END PRIVACY-ENHANCED MESSAGE-----