FORM 10-K/A AMENDMENT NO. 1 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 (Mark One) [X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED] For the fiscal year ended August 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 number: 1-8308 LUBY'S CAFETERIAS, INC. ______________________________________________________________________________ (Exact name of registrant as specified in its charter) Delaware 74-1335253 _________________________ ___________________________________ (State of Incorporation) (I.R.S. Employer Identification No.) 2211 Northeast Loop 410 Post Office Box 33069 San Antonio, Texas 78265-3069 Area Code 210 654-9000 _______________________________________ _______________________________ (Address of principal executive office) (Registrant's telephone number) Securities registered pursuant to Section 12(b) of the Act: Name of exchange on Title of Class which registered ______________ ______________________ Common Stock ($.32 par value) New York Stock Exchange Common Stock Purchase Rights New York 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 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 this Form 10-K or any amendment to this Form 10-K. [ ] The aggregate market value of the shares of Common Stock of the registrant held by non-affiliates of the registrant as of November 15, 1996, was approximately $476,448,000 (based upon the assumption that directors and officers are the only affiliates). As of November 15, 1996, there were 23,271,600 shares of the registrant's Common Stock outstanding, exclusive of 4,131,467 treasury shares. Portions of the following documents are incorporated by reference into the designated parts of this Form 10-K: annual report to shareholders for the fiscal year ended August 31, 1996 (in Part II) and proxy statement relating to 1997 annual meeting of shareholders (in Part III). PART II Item 8. Financial Statements and Supplementary Data. Luby's Cafeterias, Inc. Balance Sheets August 31 1996 1995 ________ _______ (Thousands of Dollars) Assets Current assets: Cash and cash equivalents $ 2,687 $ 12,392 Trade accounts and other receivables 541 311 Food and supply inventories 4,517 4,034 Prepaid expenses 3,195 2,849 Deferred income taxes 418 629 ________ ________ Total current assets 11,358 20,215 Investments and other assets - at cost: Land held for future use 8,040 9,820 Other assets 4,303 3,188 ________ ________ Total investments and other assets 12,343 13,008 Property, plant, and equipment - at cost, less accumulated depreciation and amortization 311,589 279,157 ________ ________ Total assets $335,290 $312,380 ________ ________ Liabilities and Shareholders' Equity Current liabilities: Short-term borrowings $ - $ 57,000 Accounts payable - trade 14,568 10,969 Dividends payable 4,796 4,196 Accrued expenses and other liabilities 24,336 24,895 Income taxes payable 2,754 2,471 ________ ________ Total current liabilities 46,454 99,531 Long-term debt 41,000 - Deferred income taxes and other credits 22,163 20,145 Commitments - - Shareholders' equity: Common stock, $.32 par value; authorized 100,000,000 shares, issued 27,403,067 shares 8,769 8,769 Paid-in capital 26,945 26,945 Retained earnings 267,374 248,973 Less cost of treasury stock, 3,425,525 shares in 1996 and 4,089,935 shares in 1995 (77,415) (91,983) ________ ________ Total shareholders' equity 225,673 192,704 ________ ________ Total liabilities and shareholders' equity $335,290 $312,380 ________ ________ See accompanying notes. 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. Date: November 26, 1996 LUBY'S CAFETERIAS, INC. (Registrant) By: JOHN E. CURTIS, JR. ___________________________ John E. Curtis, Jr., President 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. Signature and Date Name and Title RALPH ERBEN Ralph Erben, Chairman _______________________________ of the Board, Chief Executive November 26, 1996 Officer, and Director JOHN E. CURTIS, JR. John E. Curtis, Jr., President, _______________________________ Chief Operating Officer, Chief November 26, 1996 Financial Officer, and Director WILLIAM E. ROBSON William E. Robson, Executive Vice ________________________________ President-Operations, and Director November 26, 1996 RONALD E. RIEMENSCHNEIDER Ronald E. Riemenschneider, Vice ________________________________ President, Treasurer, and November 26, 1996 Principal Accounting Officer LAURO F. CAVAZOS Lauro F. Cavazos, Director ________________________________ November 26, 1996 DAVID B. DAVISS David B. Daviss, Director ________________________________ November 26, 1996 ROGER R. HEMMINGHAUS Roger R. Hemminghaus, Director ________________________________ November 26, 1996 JOHN B. LAHOURCADE John B. Lahourcade, Director ________________________________ November 26, 1996 WALTER J. SALMON Walter J. Salmon, Director ________________________________ November 26, 1996 GEORGE H. WENGLEIN George H. Wenglein, Director ________________________________ November 26, 1996 JOANNE WINIK Joanne Winik, Director ________________________________ November 26, 1996