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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
Amendment No. 1
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended SEPTEMBER 30, 2003
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OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
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Commission File Number: 0-18587
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HECTOR COMMUNICATIONS CORPORATION
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(Exact name of registrant as specified in its charter)
MINNESOTA 41-1666660
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(State or other jurisdiction of (Federal Employer
incorporation or organization) Identification No.)
211 South Main Street, Hector, MN 55342
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(Address of principal executive offices) (Zip Code)
(320) 848-6611
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Registrant's telephone number, including area code
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 a check mark whether the registrant is an accelerated filer (as
defined by Rule 12b-2 of the Act). YES [ ] NO [ X ]
APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
CLASS Outstanding at October 31, 2003
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Common Stock, par value 3,504,989
$.01 per share
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EXPLANATORY NOTE
Hector Communications Corporation is filing this Amendment No. 1 to its
Quarterly Report on Form 10-Q for the quarter ended September 30, 2003 to
clarify its discussion of controls and procedures under Item 4. Other than
information set forth in this amended report, the originally filed Form 10-Q has
not been updated in this amended filing and the term "filing date" refers to the
original filing date of the Form 10-Q.
HECTOR COMMUNICATIONS CORPORATION AND SUBSIDIARIES
INDEX
Page No.
Part I. Financial Information
Item 1. Financial Statements
Consolidated Balance Sheets *
Consolidated Statements of Income *
Consolidated Statements of Comprehensive Income *
Consolidated Statement of Stockholders' Equity *
Consolidated Statements of Cash Flows *
Notes to Consolidated Financial Statements *
Item 2. Management's Discussion and Analysis of
Financial Condition and Results of Operations *
Item 3. Quantitative and Qualitative Disclosures
About Market Risk *
Item 4. Controls and Procedures 3
Part II. Other Information *
Signatures 3
Exhibits
Exhibit 11 - Calculation of Earnings Per Share *
Exhibit 31.1 - Certification Pursuant to Section 302 of
the Sarbanes-Oxley Act of 2002 Filed Herewith
Exhibit 31.2 - Certification Pursuant to Section 302 of
the Sarbanes-Oxley Act of 2002 Filed Herewith
Exhibit 32 - Certification pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002 *
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*Previously Filed
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Item 4. Controls and Procedures
The Company, with the participation of management, including the Chief Executive
Officer ("CEO") and Chief Financial Officer ("CFO"), evaluated the effectiveness
of the Company's disclosure controls and procedures as of the end of the period
covered by this report. Disclosure controls and procedures are designed to
provide a reasonable level of assurance that information required to be
disclosed in the Company's reports under the Securities Exchange Act of 1934 is
recorded and reported within the appropriate time periods. Based upon that
evaluation, the CEO and CFO concluded that the Company's disclosure controls and
procedures are effective. During the period covered by this report, there have
been no changes in internal control over financial reporting that have
materially affected or are reasonably likely to materially affect the Company's
internal control over financial reporting.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Amendment No. 1 to Form 10-Q report to be signed
on its behalf by the undersigned thereto duly authorized.
Hector Communications Corporation
By /s/ Curtis A. Sampson
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Curtis A. Sampson
Date: March 29, 2004 Chief Executive Officer
By /s/ Charles A. Braun
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Charles A. Braun
Date: March 29, 2004 Chief Financial Officer
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