| Signature Eyewear, Inc. | |||
| Ticker: | SEYE | 498 North Oak Street | |
| Exchange: | NASDAQ-National Market | Inglewood, CA 90302 | |
| Industry: | Manufacturing (SIC Code 3851) | (310) 330-2700 | |
| Type of Shares: | Common Shares | Filing Date: | 6/25/97 | |
| U.S. Shares: | 1,800,000 | Offer Date: | 9/10/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 1,600,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 200,000 | Gross Spread: | $0.70 | |
| Offering Amount: | $18,000,000 | Selling: | $0.40 | |
| Expenses: | $460,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,200,527 |
| Manager | Tier | Phone |
| Fechtor, Detwiler & Co. | Lead Manager | (800) 950-2400 |
| Van Kasper & Company | Co-manager | (415) 954-0630 |
| Issuer's Law Firm: | Troop Meisinger Steuber & Pasich, LLP |
| Bank's Law Firm: | Proskauer Rose Goetz & Mendelsohn |
| Auditor: | Altschuler, Melvoin and Glasser LLP |
| Registrar/Transfer Agent: | U. S. Stock Transfer Corporation |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 10/31/96 | 4/30/97 | 4/30/96 | 4/30/97 | ||
| Revenue: | $28.28 | $16.04 | $13.05 | Assets: | $11.98 |
| Net Income: | $1.26 | $1.03 | $0.76 | Curr Assets: | |
| EPS: | $0.36 | $0.29 | $0.22 | Liabilities: | $9.34 |
| Prior EPS: | $0.35 | -$1.23 | Curr Liabilities: | ||
| Cash Flow/Oper: | $1.39 | Equity: | $2.63 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company designs, markets and distributes prescription eyeglass frames primarily under exclusive licenses for Laura Ashley Eyewear, Hart Schaffner & Marx Eyewear and Jean Nate Eyewear, as well as its own Camelot label. The Laura Ashley Eyewear collection is one of the leading women's brand-name collections in the United States. The company attributes its success to its brand-name development process and frame designs. The company's brand-name development process includes identifying a market niche, obtaining the rights to a carefully selected brand name, producing a comprehensive marketing plan, developing unique in-store displays, and creating innovative sales and merchandising programs for independent optical retailers and retail chains. The company's in-house designers work with many respected frame manufacturers throughout the world to develop high-quality, creative designs which are consistent with each brand-name image |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to retire existing bank debt; to launch Eddie Bauer Eyewear; and for working capital and for general corporate purposes. |