SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 10-Q/A
Amendment No.1
To
Form 10-Q
Quarterly Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
For the quarterly period ended Commission File No.
November 30, 1999 0-27682
Globe Business Resources, Inc.
Incorporated under the IRS Employer
laws of Ohio Identification No.
31-1256641
11260 Chester Road
Suite 400
Cincinnati, OH 45246
Phone: (513) 771-8287
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
As of January 7, 2000, 4,803,198 shares of the Registrant's common stock,
no par value, were outstanding.
This Amendment to Form 10-Q for the quarterly period ended November 30,
1999 is being filed to correct a clerical error in Note 3 to the Consolidated
Financial Statements and to add clarification to a line item description
contained in Summary Financial Data presented under Item 2, Management's
Discussion and Analysis of Financial Condition and Results of Operations.
November 30, February 28,
1999 1999
------------ ------------
(Unaudited)
Furniture on rental $ 40,955 $ 43,648
Furniture on hand 26,709 24,120
-------- --------
67,664 67,768
Accumulated depreciation (12,969) (12,342)
-------- --------
$ 54,695 $ 55,426
======== ========
Summary Financial Data, excluding nonrecurring items
For the three months ended, For the nine months ended,
-------------------------- --------------------------
November 30, November 30, November 30, November 30,
1999 1998 1999 1998
------------ ----------- ----------- ------------
Revenues $ 39,308 $ 38,208 $122,599 $110,766
Gross profit 14,860 15,964 48,765 48,255
Operating expenses
(excluding amortization) 11,762 12,066 37,110 36,751
Operating income 2,475 3,388 9,789 10,056
Income before taxes 1,335 2,361 6,171 6,854
Net income 778 1,440 3,653 4,180
Diluted earnings per
common share $ 0.16 $ 0.31 $ 0.76 $ 0.90
SIGNATURES
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.
Globe Business Resources, Inc.
By: /s/ Sharon G. Kebe
-------------------------------------
Senior Vice President-Finance and
Treasurer (Principal Financial
Officer)
Signed: January 19, 2000