U.S. Securities and Exchange Commission
Washington, D.C. 20549
FORM 10-QSB/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 June 30, 1997
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
EXCHANGE ACT
For the transition period from ____________ to ____________
Commission File Number 0-14819
RENT-A-WRECK OF AMERICA, INC. (Exact name
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of small business issuer as
specified in its Charter)
Delaware 95-3926056
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(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
11460 Cronridge Drive, Suite 120, Owings Mills, MD 21117
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(Address of Principal Executive Offices) (Zip Code)
Issuer's telephone number: (410) 581-5755
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(Former name, former address and former fiscal year,
if changed since last report)
Check whether the issuer (1) has filed all reports required to be filed
by Section 13 or 15(d) of the Exchange Act during the past 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 [ ]
APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practicable date: 4,283,517 shares as of July
22, 1997.
Transitional Small Business Disclosure Format (Check One):
Yes [ ] No [X]
The Company is filing this amendment to its Quarterly Report on Form
10QSB for the period ended June 30, 1997 to replace "Part II-Item 2" as follows:
PART II-OTHER INFORMATION
ITEM 2. CHANGES IN SECURITIES
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The Company issued 6,875 shares of its common stock on June 4, 1997
pursuant to section 3(a)(9) of the Securities Act of 1933, as amended. The
shares were issued to a holder of the Company's preferred shares who converted
his preferred shares into common shares on a one-for-one basis.
On April 22, 1997 the Company issued 10,000 shares of its common stock
as part of a private placement transaction pursuant to Section 4(2) of the
Securities Act of 1933 as amended. These shares were issued to Insurance
Rentals, Inc. to satisfy the earn-out provision of the asset purchase agreement
dated as of December 3, 1996 between the Company, Baltimore Car and Truck
Rental, Inc., Insurance Rentals, Inc., and Mark Eisenberg. See "Part II - Item
2" of the Company's Quarterly Report on Form 10QSB for the period ended December
31, 1996.
Signatures
In accordance with the requirements of the Exchange Act, the registrant caused
this amended report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Rent-A-Wreck of America, Inc.
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(Registrant)
By: Date:
/s/Mitra Khosravi November 12, 1997
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Mitra Khosravi
Chief Accounting Officer
/s/Kenneth L. Blum, Sr. November 12, 1997
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Kenneth L. Blum, Sr.
CEO and Chairman of
the Board