-----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, Oo37T3T5aNcufGo41ZUhpQMDzDKjuZmPGUhnWjOjlemQNA4/skXYVM3Rb0DDTFjb SsPqVZ5pxFQAADhI15/yAw== 0000929624-97-001457.txt : 19971127 0000929624-97-001457.hdr.sgml : 19971127 ACCESSION NUMBER: 0000929624-97-001457 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971126 ITEM INFORMATION: FILED AS OF DATE: 19971126 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: FAILURE GROUP INC CENTRAL INDEX KEY: 0000851520 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT CONSULTING SERVICES [8742] IRS NUMBER: 770218904 STATE OF INCORPORATION: DE FISCAL YEAR END: 0103 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: SEC FILE NUMBER: 000-18655 FILM NUMBER: 97729769 BUSINESS ADDRESS: STREET 1: 149 COMMONWEALTH DR CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 4156886954 MAIL ADDRESS: STREET 1: 149 COMMONWEALTH DR CITY: MENLO PARK STATE: CA ZIP: 94025 8-K/A 1 FORM 8-K/A FORM 8-KA CURRENT REPORT Amendment No. 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported): November 26, 1997 Commission File Number 0-18655 ------- THE FAILURE GROUP, INC. ----------------------- (Exact name of registrant as specified in its charter) DELAWARE 77-0218904 -------------- --------------- (State or other (I.R.S. Employer jurisdiction of incorporation) Identification Number) 149 COMMONWEALTH DRIVE, MENLO PARK, CALIFORNIA 94025 - ----------------------------------------------- -------- (Address of principal executive office) (Zip Code) Registrant's telephone number, including area code (650) 326-9400 -------------- The Registrant hereby amends Item 7 of its Current Report on Form 8-K filed October 3, 1997 in its entirety to read as follows: ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. The following financial statements and exhibits are filed as part of this report where indicated. (b) Pro Forma Financial Information: The following unaudited pro forma combined financial data presents the Pro Forma Combined Statement of Income for the fiscal year ended January 3, 1997 after giving effect to the sale as if the sale had taken place January 3, 1997. The pro forma data is based on the historical consolidated financial statements of the Registrant and the historical financial statements of PLG, Inc., (PLG). The unaudited pro forma data is provided for comparative purposes only. It does not purport to be indicative of the results that actually would have occurred if the sale had been consummated on the date indicated or which may be obtained in the future. The Failure Group, Inc. and PLG, Inc. Unaudited Pro Forma Condensed Statements of Income for the Year Ended January 3, 1997.
THE FAILURE GROUP, INC. AND SUBSIDIARIES UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENTS OF INCOME For the Twelve Months Ended January 3, 1997 (in thousands, except per share data) Less FGI, Inc. PLG, Inc. PRO FORMA Actuals Actuals Total Combined ---------- ----------- -------------- Revenues Professional fees .......................... $ 52,857 $ 5,392 $ 47,465 Equipment fees and billed expenses ......... 5,236 -- 5,236 Other revenue .............................. 572 -- 572 -------- -------- -------- $ 58,665 $ 5,392 $ 53,273 -------- -------- -------- Operating expenses Compensation and related expenses .......... 33,611 4,156 29,455 Other operating expenses ................... 13,882 829 13,053 General and administrative expenses ........ 9,720 502 9,218 Impairment of long-lived assets ............ 1,572 1,572 -- -------- -------- -------- $ 58,785 $ 7,059 $ 51,726 -------- -------- -------- Operating income (loss) ............... (120) (1,667) 1,547 Other income and expense Interest Expense, net ...................... (1,138) 50 (1,188) Misc. Income, net .......................... 1,608 (14) 1,622 -------- -------- -------- 350 (1,631) 1,981 Provision (benefit) before income taxes .... $ 343 $ (24) $ 367 -------- -------- -------- Income (loss) from continuing operations ... $ 7 $ (1,607) $ 1,614 ======== ======== ======== Net income per share from continuing operations $ 0.00 $ (0.24) $ 0.24 ======== ======== ======== Weighted average number of common shares from continuing operations ..................... 6,702 6,702 6,702 ======== ======== ========
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. THE FAILURE GROUP, INC Dated: November 26, 1997 By: /s/ Michael R. Gaulke --------------------- Michael R. Gaulke President and Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----