SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________________________________________________________
FORM 10-K
(mark one)
[X] Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934
For the fiscal year ended August 31, 1996
[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
____________________
Commission file number: 0-21192
____________________
CAMPO ELECTRONICS, APPLIANCES AND COMPUTERS, INC.
(Exact name of registrant as specified in its charter)
Louisiana 72-0721367
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
109 Northpark Blvd., Covington, Louisiana 70433
(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (504) 867-5000
____________________
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
None
SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:
Common Stock, $.10 par value
(Title of class)
____________________
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. _____
____________________
The aggregate market value of the voting stock held by nonaffiliates
(affiliates being considered, for purposes of this calculation only,
directors, executive officers and 5% shareholders) of the registrant as of
November 29, 1996 was approximately $4,970,653.50.
____________________
The number of shares of the Registrant's Common Stock, $.10 par value per share
outstanding as of November 29, 1996 was 5,566,906.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the Registrant's definitive proxy statement to be used in
connection with the 1996 Annual Meeting of Shareholders will be, upon filing
of such proxy statement with the Commission, incorporated by reference into
Part III of this Form 10-K.
ITEMS SUBJECT TO FORM 12b-25
The following items of this Form 10-K are the subject of a Form 12b-25 report
filed with the Commission on December 2, 1996, and are not included herein:
Items 1, 6, 7, 8, 9, 14(a)(1), 14(a)(2) and 14(d).
PART I
ITEM 2. PROPERTIES
The Company's general policy is to lease its stores in order to limit
its investments in fixed assets and increase the availability of capital for
other purposes; however, as of August 31, 1996, the Company does own the land
and buildings for seven of its Campo Concept stores. All of its other stores
are leased from unrelated parties except two stores which are leased from Mr.
Tony Campo, the founder and former majority shareholder of the Company, or a
corporation controlled by him.
The Company's store leases have generally provided for a base rental and
have not provided for a percentage of sales in addition to the fixed rent;
however, two leases for Campo Concept stores require percentage rents. In
addition, the leases generally require the Company to pay all or a portion of
the real estate taxes and assessments, utilities, insurance and common area
and interior maintenance and repairs. Rental payments (including amounts paid
in respect to expenses, taxes and other charges) by the Company aggregated
approximately $5.7 million in fiscal 1996.
The table below sets forth certain information concerning the Company's
stores.
Calendar Approximate
Year Gross Selling Lease
Opened Square Square Expiration
or Acquired Footage Footage Date(1)
----------- ------- ------- -------
Campo Stores
Claiborne Ave., New Orleans, LA 1967 22,000 5,000 2011
Bloomfield Road, New Orleans, LA 1977 24,000 18,000 2017
Campo Concept Stores
Northlake Shopping Ctr., 1991 18,410 11,844 2006
Mandeville, LA
Edgewood Village Shopping Ctr., 1992 19,751 11,482 2012
Biloxi, MS
2801 Veterans Blvd., Kenner, LA 1992 20,153 12,555 2012
Oak Ridge Plaza, Marrero, LA 1992 24,287 11,960 2002
The Crossings Shopping Ctr., 1993 19,840 12,206 2018
Slidell, LA
MacArthur Village, Alexandria, LA 1993 26,645 14,040 2023
8888 Airline Hwy., Baton Rouge, LA 1993(2) 49,043 17,976 N/A
East Lake Plaza, New Orleans 1993 19,000 14,209 2013
East, LA
Ridgewood Court, Jackson, MS 1993 25,000 14,976 2013
The Boulevard Shopping Center, 1994 30,975 17,929 2024
Lafayette, LA
Bama Mall, Tuscaloosa, AL 1994 27,168 15,694 2026
Bossier Corners Shopping Center, 1994 21,276 14,404 2024
Bossier City, LA
Oak Park Shopping Center, Lake 1994 26,024 15,329 2024
Charles, LA
4600 Hardy Street, Hattiesburg, MS 1994 29,264 16,866 2032
6235 N. Davis Highway, 1994 51,900 18,871 2024
Pensacola, FL
4641 Pecanland Mall Dr., Monroe, LA 1994(2) 27,500 17,553 N/A
8815 Jewella Rd., Shreveport, LA 1994(2) 30,000 17,553 N/A
146 Wildwood Parkway, 1994 30,000 17,338 2024
Birmingham, AL
6981 Crestwood Blvd., 1994(2) 30,500 19,400 N/A
Birmingham, AL
3842 Austin Peay, Memphis, TN 1994 30,000 19,119 2029
4790 American Way, Memphis, TN 1994 30,000 18,476 2029
Huntsville West Shopping Center, 1995 31,800 18,297 2025
Huntsville, AL
Wiregrass Mall, Dothan, AL 1995(2) 30,000 18,894 N/A
525 West 23rd St., Panama City, 1995 47,057 17,770 2017
FL
3943 Airport Road, Mobile, AL 1995(2) 30,000 20,000 N/A
2100 Hamilton Place Blvd., 1995(2) 30,000 18,764 N/A
Chattanooga, TN
4125 Robinson Road, Jackson, MS 1995 56,216 21,113 2025
SRI Stores
2324 Judson Rd., Longview, TX 1993(3) 17,250 12,000 2003
2315 Texas Blvd., Texarkana, TX 1993(3) 13,282 10,000 2003
__________
(1)Includes all renewal options unless otherwise indicated.
(2)These facilities are owned by the Company.
(3)SRI was acquired in July 1993. The lease expiration dates for the SRI
stores do not include renewal options. Although, these stores have not
been totally renovated to conform to the Campo Concept store format, the
Company has changed the name on the stores from "SR Superstore" to "Campo".
Until August, 1996, the Company's corporate headquarters were located in an
approximately 46,000 square foot leased facility in an office building in
Covington, Louisiana. In September, 1996 the Company consolidated its
corporate headquarters into approximately 20,000 square feet of space located
in the same office building. This facility contains the Company's executive
offices, and accounting, data processing, merchandising and marketing
operations. The Company also owns in New Orleans a 63,000 square foot
facility, which is used for warehousing operations. The Company also owns a
100,000 square foot warehouse and distribution facility in Harahan, Louisiana.
The Company leases its Shreveport distributions center, which contains
approximately 50,000 square feet warehouse space and the executive offices for
its North Louisiana district. The Company leases its Alabama distribution
facility with approximately 110,000 square feet of warehouse space in
Bessemer, Alabama.
The Claiborne Avenue store is owned by Mr. Tony Campo and leased to the
Company. The Company subleases the Bloomfield Road store from Campo Appliance
Co. of Clearview, Inc., a corporation wholly-owned by Mr. Tony Campo. During
fiscal 1995 and prior to the relocation of its corporate headquarters to
Covington, Louisiana, the Company also leased an office facility from Mr. Tony
Campo under a month-to-month lease to temporarily house some of its
accounting operations.
ITEM 3. LEGAL PROCEEDINGS
The Company is not a party to any material legal proceedings. The Company
is, however, involved in various routine claims and legal actions which arise
in the ordinary course of business. Management of the Company intends to
vigorously defend these claims and believes that the ultimate disposition of
these matters will not have a material adverse effect on the Company's
financial condition, results of operations or cash flow.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No matters were submitted to a vote of security holders during the fourth
quarter of the Company's fiscal year ended August 31, 1996.
ITEM 4(a). EXECUTIVE OFFICERS OF THE REGISTRANT
The following table sets forth certain information with respect to the
executive officers of the Company as of the date of this report. The Company
is not aware of any family relationships between any executive officers of the
Company. Executive officers are appointed by and serve at the discretion of
the Board of Directors.
Name Age Position
Anthony P. Campo 41 Chairman of the Board, Chief
Executive Officer and Director
Rex O. Corley, Jr. 58 Chief Operating Officer, President
and Director
Wayne J. Usie 30 Vice President-Information Systems,
Chief Financial Officer and
Secretary
Charles S. Gibson, Jr. 35 Vice President-Logistics and
Operations
John K. Ross 33 Vice President-Marketing
James B. Warren 44 Vice President-Merchandising
Mr. Campo has served as the Chairman of the Board and Chief Executive
Officer since May 1992. He also served as President from September 1991 until
July 1996 and as Senior Vice President of the Company from 1984 to 1991.
From 1973 to 1984, he worked in various capacities for the Company.
Mr. Corley has served as Chief Operating Officer and President since
July 1996. He joined the Company as a Director and Vice President-Financial
Services in September 1993 following a consulting assignment with the Company
during July and August 1993. He was Vice President and Managing Director of
the Consumer Finance Division at Whirlpool Financial Corporation from October
1992 until July 1993, and Vice President and Managing Director of Distribution
Financing Division from April 1992 until October 1992. Prior to joining
Whirlpool Financial Corporation, Mr. Corley spent 30 years with GE Capital,
most recently as National Sales Manager of Inventory Financing of GE Consumer
Appliance Financing.
Mr. Usie has served as Vice President-Information Systems since February
1996. Mr. Usie also assumed the Chief Financial Officer and Secretary
positions in July 1996. Prior to this time, from April 1992 until February
1996, Mr. Usie served as President of Industrial Networking, a local software
integrator serving New Orleans, Louisiana and Houston, Texas. From 1988 until
1992, Mr. Usie worked in public accounting with a regional firm based in
Lafayette, Louisiana.
Mr. Gibson joined the Company in November 1994 as Vice President-
Logistics and Operations. Prior to joining Campo, he was Vice President of
Logistics for Big B Drugs Inc., a southeast-based drug store chain, from 1991
to 1994. From 1985 to 1991, he worked as Senior Director of Logistics for
Best Products Co., Inc.
Mr. Ross joined the Company as Director-Marketing in October 1988. He
was promoted to Vice President-Marketing in November 1994. Prior to joining
Campo, Mr. Ross served as Audio/Video Sales and Merchandising Manager for
Werlein's for Music, a New Orleans-based retailer of audio and video
equipment, musical instruments and sheet music, from 1984 to 1988.
Mr. Warren has served as Vice President of Merchandising since July 1996.
From August 1991 until July 1996, Mr. Warren served as Vice President of
Sales and Marketing for Mobile One Auto Sound, Inc., a nine-store retail
mobile electronics chain serving New Orleans, Louisiana and Houston, Texas.
From 1987 until 1991 Mr. Warren was a Merchandise Manager for the Fred Schmid
Appliance and TV Company in Denver, Colorado.
PART II
ITEM 5. MARKET PRICE FOR REGISTRANT'S
COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
The Company's Common Stock is traded on the Nasdaq National Market under
the symbol CMPO. The following table sets forth, for each quarterly period in
the two most recent years, the range of high and low sales prices, as reported
by the Nasdaq National Market:
High Low
Fiscal Year 1995:
First Quarter 13 3/4 9 5/8
Second Quarter 12 7/8 9 1/2
Third Quarter 9 7/8 5 7/8
Fourth Quarter 7 1/4 5 3/8
Fiscal Year 1996:
First Quarter 6 1/2 3 5/8
Second Quarter 4 1/8 2 3/4
Third Quarter 3 3/4 2 1/4
Fourth Quarter 2 5/8 1 5/8
The Company is prohibited from paying dividends on its Common Stock by
the terms of its existing debt instruments. See "Management's Discussion and
Analysis of Financial Condition and Results of Operations - Liquidity and
Capital Resources".
As of October 31, 1996, there were approximately 337 record holders of
the Company's Common Stock.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None.
PART III
ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
The information regarding executive officers required by Item 10 may be
found under Item 4(a) of this report.
The information regarding directors required by Item 10 is incorporated by
reference to the Registrant's definitive proxy statement relating to its 1996
annual meeting of shareholders, which proxy statement will be filed pursuant
to Regulation 14A within 120 days after the end of the last fiscal year.
ITEM 11. EXECUTIVE COMPENSATION
The information required by Item 11 is incorporated by reference to the
Registrant's definitive proxy statement relating to its 1996 annual meeting of
shareholders, which proxy statement will be filed pursuant to Regulation 14A
within 120 days after the end of the last fiscal year.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT
The information required by Item 12 is incorporated by reference to the
Registrant's definitive proxy statement relating to its 1995 annual meeting of
shareholders, which proxy statement will be filed pursuant to Regulation 14A
within 120 days after the end of the last fiscal year.
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
The information required by Item 13 is incorporated by reference to the
Registrant's definitive proxy statement relating to its 1996 annual meeting of
shareholders, which proxy statement will be filed pursuant to Regulation 14A
within 120 days after the end of the last fiscal year.
PART IV
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K
(a) The following documents are filed as part of this report:
3. Exhibits
3.1 Amended and Restated Articles of Incorporation of the
Company(1), as amended by Articles of Amendment dated
January 3, 1995.(2)
3.2 By-laws of the Company(1), as amended by Amendment No.
2 to the By-Laws adopted October 30, 1995.(3)
10.1 Master Lease of 2201 S. Claiborne Avenue, 110 Terry
Parkway and 800 Distributors Row dated as of August 1,
1991 by and between Anthony J. Campo and Giant TC,
Inc., as terminated with respect to Terry Parkway by
Partial Termination of Master Lease dated as of
December 30, 1992 by and between Anthony J. Campo and
Giant TC, Inc.(1)
10.2 Lease of 5015 Bloomfield dated March 15, 1977, by and
between Elmwood Development Co. and Campo Appliance
Co. of Clearview, Inc., as amended by Supplemental
and Amended Lease Agreement dated 1977, together with
Sublease of 5015 Bloomfield dated as of August 1, 1991
by and between Campo Appliance Co. of Clearview, Inc.
and Giant TC, Inc.(1)
10.3 Non-Competition Agreement dated September 1, 1991 by
and between Giant TC, Inc. and Anthony J. Campo.(1)
10.4 Personal Services Contract dated September 1, 1991 by
and between Giant TC, Inc. and Anthony J. Campo.(1)
10.5 Amendment and Restatement of Non-Competition Agreement
and Personal Services Contract dated June 29, 1992 by
and between Anthony J. Campo and Giant TC, Inc.(1)
10.6 Services Agreement dated June 29, 1992 by and between
Giant TC, Inc. and Mobile-One Auto Sound, Inc., as
amended December 30, 1992.(1)
10.7 Credit Card Program Agreement dated as of May 29, 1992
by and between Giant TC, Inc. and Monogram Credit Card
Bank of Georgia(1), as amended by Amendment to Credit
Card Program Agreement dated as of May 29, 1992 by and
between Monogram Credit Card Bank of Georgia and Campo
Electronics, Appliances and Computers, Inc. (formerly
Giant TC, Inc.), dated October 29, 1993.(4)
10.8 Giant TC, Inc. 1992 Stock Incentive Plan(1), as
amended by Amendment No. 1 to Campo Electronics,
Appliances and Computers, Inc. 1992 Stock Incentive
Plan dated October 13, 1993 (5), as amended by
Amendment No. 2 to Campo Electronics, Appliances and
Computers, Inc. 1992 Stock Incentive Plan dated May
20, 1994 (6), as amended by Amendment No. 3 and the
Amended and Restated Campo Electronics, Appliances and
Computers, Inc. 1992 Stock Incentive Plan dated
December 7, 1994 (2), as amended by the Second Amended
and Restated Campo Electronics, Appliances and
Computers, Inc. 1992 Stock Incentive Compensation Plan
dated January 12, 1996.
10.9 Form of Indemnity Agreement by and between Giant TC,
Inc. and each of Anthony P. Campo, Joseph E. Campo,
Barbara Treuting Casteix, Dr. Mervin Trail, M.D., Rex
O. Corley, Jr. and L. Ronald Forman.(1)
10.10 Employment Agreement dated June 29, 1992 by and
between Giant TC, Inc. and Anthony P. Campo , as
amended December 30, 1992(1) as terminated and
replaced by Employment Agreement dated December 16,
1993 by and between Campo Electronics, Appliances and
Computers, Inc. and Anthony P. Campo(5), as amended by
the Amendment to Employment Agreement dated May 16,
1996.
10.11 Employment Agreement dated June 29, 1992 by and
between Giant TC, Inc. and Donald E. Galloway(1) as
terminated and replaced by Employment Agreement dated
December 16, 1993 by and between Campo Electronics,
Appliances and Computers, Inc. and Donald E.
Galloway(5), as amended by the Amendment to Employment
Agreement dated May 16, 1996, as terminated by letter
agreement dated July 12, 1996.
10.12 Acquisition and Interim Servicing Agreement dated
November 22, 1993 by and between Monogram Credit Card
Bank of Georgia Item 14 and Campo Electronics,
Appliances and Computers, Inc.(4)
10.13 Loan Agreement dated August 30, 1995 by and between
Hibernia National Bank and Campo Electronics,
Appliances and Computers, Inc.(7), as amended by the
First Amendment to Loan Agreement as of August 30, 1995
by and between Hibernia National Bank and Campo
Electronics, Appliances and Computers, Inc.(3), as
amended by the Second Amendment to Loan Agreement
dated May 31, 1996 by and between Hibernia National
Bank and Campo Electronics, Appliances and Computers,
Inc.(8)
10.14 Loan Agreement dated August 30, 1995 by and between
Met Life Capital Corporation and Campo Electronics,
Appliances and Computers, Inc.(7)
10.15 Sale Agreement dated August 30, 1995 by and between
Federal Warranty Service Corporation and Campo
Electronics, Appliances and Computers, Inc.(7)
10.16 Change of Control Agreement dated as of August 30,
1995 by and between Campo Electronics, Appliances and
Computers, Inc. and Anthony P. Campo.
10.17 Campo Electronics, Appliances and Computers, Inc.
Severance Pay Plan dated as of August 29, 1996.
__________
(1) Incorporated by reference from the Company's
Registration Statement on Form S-1 (Registration No.
33-56796) filed with the Commission on January 6,
1993.
(2) Incorporated by reference from the Company's Quarterly
Report on Form 10-Q for the fiscal quarter ended
February 28, 1995.
(3) Incorporated by reference from the Company's Quarterly
Report on Form 10-Q for the fiscal quarter ended
November 30, 1995.
(4) Incorporated by reference from the Company's Annual
Report on Form 10-K for the fiscal year ended August
31, 1993.
(5) Incorporated by reference from the Company's
Registration Statement on Form S-1 (Registration No.
33-76184) filed with the Commission on March 8, 1994.
(6) Incorporated by reference from the Company's Annual
Report on Form 10-K for the fiscal year ended August
31, 1994.
(7) Incorporated by reference from the Company's Annual
Report on Form 10-K for the fiscal year ended August
31, 1995.
(8) Incorporated by reference from the Company's Quarterly
Report on Form 10-Q for the fiscal quarter ended May
31, 1996.
(b) Reports on Form 8-K
There were no reports on Form 8-K filed during the three month
period ended August 31, 1996.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of the 1934, the Registrant has duly caused this Report to be
signed on its behalf by the undersigned, thereunto duly authorized.
By: /s/ Anthony P. Campo
________________________________
Anthony P. Campo
Chairman of the Board,
Chief Executive Officer,
President and a Director
Dated: November 27, 1996
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 capacities indicated on November 27, 1996.
/s/ Anthony P. Campo
______________________________________ Chairman of the Board, Chief Executive
Anthony P. Campo Officer and a Director
Rex O. Corley, Jr.
______________________________________ Chief Operating Officer, President and
Rex O. Corley, Jr. Director
/s/ Wayne J. Usie
______________________________________ Chief Financial Officer, Principal
Wayne J. Usie Accouting Officer and Secretary
/s/ Joseph E. Campo
______________________________________ Director
Joseph E. Campo
/s/ Barbara Treuting Casteix
______________________________________ Director
Barbara Treuting Casteix
/s/ Mervin L. Trail, M.D.
______________________________________ Director
Mervin L. Trail, M.D.
/s/ L. Ronald Forman
______________________________________ Director
L. Ronald Forman
EXHIBIT INDEX
Exhibit Page
No. Description No.
3.1 Amended and Restated Articles of Incorporation of the
Company(1), as amended by Articles of Amendment dated
January 3, 1995.(2)
3.2 By-laws of the Company(1), as amended by Amendment No.
2 to the By-Laws adopted October 30, 1995.(3)
10.1 Master Lease of 2201 S. Claiborne Avenue, 110 Terry
Parkway and 800 Distributors Row dated as of August 1,
1991 by and between Anthony J. Campo and Giant TC,
Inc., as terminated with respect to Terry Parkway by
Partial Termination of Master Lease dated as of
December 30, 1992 by and between Anthony J. Campo and
Giant TC, Inc.(1)
10.2 Lease of 5015 Bloomfield dated March 15, 1977, by and
between Elmwood Development Co. and Campo Appliance
Co. of Clearview, Inc., as amended by Supplemental
and Amended Lease Agreement dated 1977, together with
Sublease of 5015 Bloomfield dated as of August 1, 1991
by and between Campo Appliance Co. of Clearview, Inc.
and Giant TC, Inc.(1)
10.3 Non-Competition Agreement dated September 1, 1991 by
and between Giant TC, Inc. and Anthony J. Campo.(1)
10.4 Personal Services Contract dated September 1, 1991 by
and between Giant TC, Inc. and Anthony J. Campo.(1)
10.5 Amendment and Restatement of Non-Competition Agreement
and Personal Services Contract dated June 29, 1992 by
and between Anthony J. Campo and Giant TC, Inc.(1)
10.6 Services Agreement dated June 29, 1992 by and between
Giant TC, Inc. and Mobile-One Auto Sound, Inc., as
amended December 30, 1992.(1)
10.7 Credit Card Program Agreement dated as of May 29, 1992
by and between Giant TC, Inc. and Monogram Credit Card
Bank of Georgia(1), as amended by Amendment to Credit
Card Program Agreement dated as of May 29, 1992 by and
between Monogram Credit Card Bank of Georgia and Campo
Electronics, Appliances and Computers, Inc. (formerly
Giant TC, Inc.), dated October 29, 1993.(4)
10.8 Giant TC, Inc. 1992 Stock Incentive Plan(1), as
amended by Amendment No. 1 to Campo Electronics,
Appliances and Computers, Inc. 1992 Stock Incentive
Plan dated October 13, 1993 (5), as amended by
Amendment No. 2 to Campo Electronics, Appliances and
Computers, Inc. 1992 Stock Incentive Plan dated May
20, 1994 (6), as amended by Amendment No. 3 and the
Amended and Restated Campo Electronics, Appliances and
Computers, Inc. 1992 Stock Incentive Plan dated
December 7, 1994 (2), as amended by the Second Amended
and Restated Campo Electronics, Appliances and
Computers, Inc. 1992 Stock Incentive Compensation Plan
dated January 12, 1996.
10.9 Form of Indemnity Agreement by and between Giant TC,
Inc. and each of Anthony P. Campo, Joseph E. Campo,
Barbara Treuting Casteix, Dr. Mervin Trail, M.D., Rex
O. Corley, Jr. and L. Ronald Forman.(1)
10.10 Employment Agreement dated June 29, 1992 by and
between Giant TC, Inc. and Anthony P. Campo , as
amended December 30, 1992(1) as terminated and
replaced by Employment Agreement dated December 16,
1993 by and between Campo Electronics, Appliances and
Computers, Inc. and Anthony P. Campo(5), as amended by
the Amendment to Employment Agreement dated May 16,
1996.
10.11 Employment Agreement dated June 29, 1992 by and
between Giant TC, Inc. and Donald E. Galloway(1) as
terminated and replaced by Employment Agreement dated
December 16, 1993 by and between Campo Electronics,
Appliances and Computers, Inc. and Donald E.
Galloway(5), as amended by the Amendment to Employment
Agreement dated May 16, 1996, as terminated by letter
agreement dated July 12, 1996.
10.12 Acquisition and Interim Servicing Agreement dated
November 22, 1993 by and between Monogram Credit Card
Bank of Georgia Item 14 and Campo Electronics,
Appliances and Computers, Inc.(4)
10.13 Loan Agreement dated August 30, 1995 by and between
Hibernia National Bank and Campo Electronics,
Appliances and Computers, Inc.(7), as amended by the
First Amendment to Loan Agreement as of August 30, 1995
by and between Hibernia National Bank and Campo
Electronics, Appliances and Computers, Inc.(3), as
amended by the Second Amendment to Loan Agreement
dated May 31, 1996 by and between Hibernia National
Bank and Campo Electronics, Appliances and Computers,
Inc.(8)
10.14 Loan Agreement dated August 30, 1995 by and between
Met Life Capital Corporation and Campo Electronics,
Appliances and Computers, Inc.(7)
10.15 Sale Agreement dated August 30, 1995 by and between
Federal Warranty Service Corporation and Campo
Electronics, Appliances and Computers, Inc.(7)
10.16 Change of Control Agreement dated as of August 30,
1995 by and between Campo Electronics, Appliances and
Computers, Inc. and Anthony P. Campo.
10.17 Campo Electronics, Appliances and Computers, Inc.
Severance Pay Plan dated as of August 29, 1996.
__________
(1) Incorporated by reference from the Company's
Registration Statement on Form S-1 (Registration No.
33-56796) filed with the Commission on January 6,
1993.
(2) Incorporated by reference from the Company's Quarterly
Report on Form 10-Q for the fiscal quarter ended
February 28, 1995.
(3) Incorporated by reference from the Company's Quarterly
Report on Form 10-Q for the fiscal quarter ended
November 30, 1995.
(4) Incorporated by reference from the Company's Annual
Report on Form 10-K for the fiscal year ended August
31, 1993.
(5) Incorporated by reference from the Company's
Registration Statement on Form S-1 (Registration No.
33-76184) filed with the Commission on March 8, 1994.
(6) Incorporated by reference from the Company's Annual
Report on Form 10-K for the fiscal year ended August
31, 1994.
(7) Incorporated by reference from the Company's Annual
Report on Form 10-K for the fiscal year ended August
31, 1995.
(8) Incorporated by reference from the Company's Quarterly
Report on Form 10-Q for the fiscal quarter ended May
31, 1996.