SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
[Mark One]
[x] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended March 31, 2002
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Commission file number 1-12506
LUCILLE FARMS, INC.
(Exact name of Registrant as specified in its Charter)
Delaware 13-2963923
(State of incorporation) (I.R.S. employer identification no.)
150 River Road, P.O. Box 517 (973) 334-6030
Montville, NJ 07045 (Registrant's telephone number)
(Address of principal executive office)
Securities registered pursuant to Section 12(b) of the Act:
None
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, par value $.001 per share
(Titles of Classes)
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 non-affiliates of the
Registrant was $3,245,130 based on the average bid and ask price as reported by
NASDAQ on June 24, 2002. Shares held by each officer, director, and person who
owns 10% or more of the Registrant's outstanding common stock have been excluded
in that such persons may be deemed to be affiliates. The determination of
affiliate status is not necessarily a conclusive determination for other
purposes.
The number of shares of the Registrant's common stock outstanding as of June 24,
2002 was 3,284,775.
Documents Incorporated by Reference
None
PART III
Stock Performance Graph
The following chart compares the percentage change in the cumulative total
stockholder return of the Common Stock during the period from March 31, 1997
through the fiscal year ended March 31, 2002 with the cumulative total return on
the NASDAQ Composite Index and the Company Peer Group. The comparison assumes
$100 was invested in the Common Stock on March 31, 1997, and in each of the
stocks included in the NASDAQ Composite Index and the Company Peer Group.
[Chart Omitted]
Legend
CRSP Total Returns Index for: 03/1997 03/1998 03/1999 03/2000 03/2001 03/2002
----------------------------- ------- ------- ------- ------- ------- -------
LUCILLE FARMS, INC. 100.0 55.6 144.4 233.3 105.6 87.6
Nasdaq Stock Market (US Companies) 100.0 151.6 204.8 380.4 152.2 153.3
NASDAQ Stocks (SIC 5140-5149 US Companies) 100.0 184.6 164.8 139.3 195.4 258.5
Groceries and Related Products
Notes:
A The lines represent monthly index levels derived from compounded
daily returns that include all dividends.
B. The indexes are reweighted daily, using the market capitalization on
the previous trading day.
C. If the monthly interval, based on the fiscal year-end, is not a
trading day, the preceding trading day is used.
D. The index level for all series was set to $100.0 on 03/31/1997.
SIGNATURES
PURSUANT TO THE REQUIREMENTS OF SECTION 13 OR 15(d) 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.
LUCILLE FARMS, INC.
By: /s/ Alfonso Falivene
----------------------------------
Alfonso Falivene, President (Principal
Executive Officer)
By:/s/ Stephen Katz
-----------------------------------
Stephen Katz, Vice President--Finance
and Administration
(Principal Financial and
Accounting Officer
Date: July 25, 2002
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 THE CAPACITIES AND ON THE DATES INDICATED.
Signature Title Date
----- ----
/s/ Alfonso Falivene Director July 25,2002
- ---------------------------- -------- ------------
Alfonso Falivene
/s/ Stephen M. Katz Director July 25,2002
- ---------------------------- -------- ------------
Stephen M. Katz
/s/ Howard S. Breslow Director July 25,2002
- ---------------------------- -------- ------------
Howard S. Breslow
/s/ Jay M. Rosengarten Director July 25,2002
- ---------------------------- -------- ------------
Jay M. Rosengarten
/s/ Leon Berthiaume Director July 25,2002
- ---------------------------- -------- ------------
Leon Berthiaume
/s/ George Bell Director July 25,2002
- ---------------------------- -------- ------------
George Bell
/s/ Ralph Singer Director July 25,2002
- ---------------------------- -------- ------------
Ralph Singer