UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 24, 2003
ADVANCED MARKETING SERVICES, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of incorporation)
0-16002 95-3768341
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(Commission File Number) (IRS Employer Identification No.)
5880 OBERLIN DRIVE, SAN DIEGO, CALIFORNIA 92121
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(Address of principal executive offices)
Registrant's telephone number, including area code: (858) 457-2500
NA
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
On August 18, 2003, registrant reported a delay in the filing of its
Form 10-Q for the first quarter of fiscal year 2004 that ended on June 28,
2004. Under the terms of registrant's $45 million Revolving Credit Agreement
with California Bank & Trust, Bank of the West and Union Bank of California,
N.A. (the "Banks"), the failure to provide such Form 10-Q to the Banks on
August 27, 2003 constituted an event of default. The Banks have agreed to
further forbear the default through October 31, 2003. Registrant intends to
complete and file its Form 10-Q as promptly as possible, although there can
be no assurance that it will be able to do so by October 31, 2003 or that the
Banks will continue to forbear thereafter if the Form 10-Q has not been
filed. As of September 24, 2003, registrant had an outstanding balance of
approximately $15 million under the Revolving Credit Agreement.
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.
ADVANCED MARKETING SERVICES, INC.
(Registrant)
September 24, 2003 By: /S/ MICHAEL M. NICITA
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Date Michael M. Nicita
President and Chief Executive Officer