SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 10-K/A
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended October 29, 1995
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 0-314
PULASKI FURNITURE CORPORATION
(Exact name of registrant as specified in its charter)
Virginia 54-0594965
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
P. O. Box 1371 24301
Pulaski, Virginia (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (703) 980-7330
Securities registered pursuant to Section 12(b) of the Act:
None
Securities registered pursuant to Section 12(g) of the Act:
Common Stock
Preferred Stock Purchase Rights*
(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 twelve 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]
Aggregate market value of the Common Stock held by non-affiliates of the
registrant as of December 15, 1995: $43,828,886.**
Number of shares of Common Stock outstanding as of December 15, 1995: 2,839,179.
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Report of Independent Auditors
We have audited the accompanying consolidated balance sheets of Pulaski
Furniture Corporation and Subsidiaries as of October 29, 1995 and October 30,
1994, and the related consolidated statements of income, retained earnings, and
cash flows for each of the three years in the period ended October 29, 1995. Our
audits also included the financial statement schedule listed in the Index at
Item 14(a). These financial statements and schedule are the responsibility of
the Corporation's management. Our responsibility is to express an opinion on
these financial statements and schedules based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present
fairly, in all material respects, the consolidated financial position of Pulaski
Furniture Corporation at October 29, 1995 and October 30, 1994, and the
consolidated results of their operations and their cash flows for each of the
three years in the period ended October 29, 1995, in conformity with generally
accepted accounting principles. Also, in our opinion, the related financial
statement schedule, when considered in relation to the basic financial
statements taken as a whole, present fairly in all material respects the
information set forth therein.
As discussed in Note 7 to the financial statements, effective November 1, 1993,
the Corporation changed its method of accounting for income taxes.
ERNST & YOUNG LLP
Winston-Salem, North Carolina
November 22, 1995
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
and Exchange Act of 1934, the Company has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
PULASKI FURNITURE CORPORATION
(Registrant)
Date: January 30, 1996 By /s/ John G. Wampler
John G. Wampler,
President and Chief
Operating Officer
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
Company and in the capacities and on the dates indicated.
Date: January 30, 1996 By /s/ Bernard C. Wampler
Bernard C. Wampler,
Director, Chairman of the Board
and Chief Executive Officer
Date: January 30, 1996 By /s/ John W. Stanley
John W. Stanley,
Director
Date: January 30, 1996 By /s/ Clifford A. Cutchins, III
Clifford A. Cutchins, III,
Director
Date: January 30, 1996 By /s/ John D. Munford
John D. Munford,
Director
Date: January 30, 1996 By /s/ John G. Wampler
John G. Wampler,
Director
Date: January 30, 1996 By /s/ Harry H. Warner
Harry H. Warner,
Director
Date: January 30, 1996 By /s/ Hugh V. White, Jr.
Hugh V. White, Jr.,
Director
Date: January 30, 1996 By /s/ Jason A. Gibbs
Jason A. Gibbs,
Treasurer, Controller, and
Assistant Secretary (Principal
Financial Officer)