-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HkJ7l3/4Zl34iCA5UElrCpYJUKg1/cjR53mBwiTHKRPxhak89fVVyxLFGOfxMUCf qtN+LAfrAW2DsEofTh1Qtw== 0000782842-98-000004.txt : 19980410 0000782842-98-000004.hdr.sgml : 19980410 ACCESSION NUMBER: 0000782842-98-000004 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980409 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST ALBANY COMPANIES INC CENTRAL INDEX KEY: 0000782842 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 222655804 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: SEC FILE NUMBER: 000-14140 FILM NUMBER: 98590181 BUSINESS ADDRESS: STREET 1: 30 S PEARL ST CITY: ALBANY STATE: NY ZIP: 12207 BUSINESS PHONE: 5184478500 MAIL ADDRESS: STREET 1: 41 STATE ST CITY: ALBANY STATE: NY ZIP: 12207 10-K/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 1997 Commission file number 014140 F I R S T A L B A N Y C O M P A N I E S I N C . (Exact name of registrant as specified in its charter) New York 22-2655804 - --------------------------- ----------------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 30 S. Pearl Street, Albany, New York 12207 - ------------------------------------ ---------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (518) 447-8500 --------------- Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on Title of each class which registered none none - ------------------- ----------------------- Securities registered pursuant to Section 12(g) of the Act: Common stock par value $.01 per share - ----------------------------------------------------------------------------- (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. [ ] As of March 13, 1998, 5,886,806 shares, par value $.01 per share, were outstanding. The aggregate market value of the shares of common stock of the Registrant held by non-affiliates (based upon the closing price of Registrant's shares as reported on the NASDAQ system on March 13, 1998, which was $14.50) was approximately $41,613,564. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Registrant's definitive proxy statement to be filed with the Securities and Exchange Commission are incorporated by reference into Part III. Item 8. Financial Statements and Supplementary Data. - ----------------------------------------------------- Index to Financial Statements and Supplementary Data Page REPORT OF INDEPENDENT ACCOUNTANTS 3 (This Form-10K/A is being filed to correct a typographical error on the date of the Report of Independent Accountants that was made at the time the original document was edgarized). Report of Independent Accountants Board of Directors and Stockholders First Albany Companies Inc. We have audited the consolidated statements of financial condition of First Albany Companies Inc. as of December 31, 1997 and 1996 and the related statements of income, changes in stockholder's equity and cash flows for the years ended December 31, 1997 and 1996, the three months ended December 31, 1995 and the year ended September 29, 1995 and the financial statement schedule listed in Item14(a) of this Form 10-K. These financial statements and financial statement schedule are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements and financial statement schedule 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 financial statements referred to above present fairly, in all material respects, the consolidated financial position of First Albany Companies Inc. as of December 31, 1997 and 1996, and the consolidated results of their operations and their cash flows for the years ended December 31, 1997 and 1996, the three months ended December 31, 1995, and for the year ended September 29, 1995 in conformity with generally accepted accounting principles. In addition, in our opinion, the financial statement schedule referred to above, when considered in relation to the basic financial statements taken as a whole, presents fairly, in all material respects, the information required to be included therein. COOPERS & LYBRAND L.L.P. Albany, New York February 13, 1998 -----END PRIVACY-ENHANCED MESSAGE-----