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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
 
                             ---------------------

   
                                  FORM 10-K/A
                                AMENDMENT NO. 1
    

(MARK ONE)
     [X]      ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
                 SECURITIES EXCHANGE ACT OF 1934 (FEE REQUIRED)
 
                    FOR THE FISCAL YEAR ENDED: JUNE 30, 1996
 
                                       OR
 
   
     [ ]       TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                    OF THE SECURITIES EXCHANGE ACT OF 1934
    
 
              FOR THE TRANSITION PERIOD FROM ________ TO ________
 
                        COMMISSION FILE NUMBER: 0-10937
 
                           SUN COAST INDUSTRIES, INC.
             (Exact name as registrant as specified in its charter)
 
                DELAWARE                                       59-1952968
      (State or other jurisdiction                          (I.R.S. Employer
   of incorporation or organization)                      Identification No.)
     2700 SOUTH WESTMORELAND AVENUE                              75233
             DALLAS, TEXAS                                     (Zip Code)
(Address of principal executive offices)
 
       Registrant's telephone number, including area code: (214) 373-7864
 
          Securities registered pursuant to Section 12 (b) of the Act:

        Title of each class                 Name of exchange on which registered
        -------------------                 ------------------------------------
COMMON STOCK, PAR VALUE $.01 PER SHARE              NEW YORK STOCK EXCHANGE
 
          Securities registered pursuant to Section 12(g) of the Act:
                                      NONE
 
     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 10-K or any amendment to this Form
10-K.  [X]
 
     THE AGGREGATE MARKET VALUE OF THE VOTING STOCK HELD BY NON-AFFILIATES OF
THE REGISTRANT AT SEPTEMBER 23, 1996 WAS APPROXIMATELY $14,338,000.
 
     THE NUMBER OF SHARES OF THE REGISTRANT'S COMMON STOCK, PAR VALUE ONE CENT
($.01) PER SHARE, OUTSTANDING AT SEPTEMBER 23, 1996 WAS 4,004,229.
 
                      DOCUMENTS INCORPORATED BY REFERENCE
 
     PORTIONS OF THE REGISTRANT'S DEFINITIVE PROXY STATEMENT PREPARED FOR USE IN
CONNECTION WITH THE REGISTRANT'S 1996 ANNUAL MEETING OF SHAREHOLDERS TO BE HELD
DECEMBER 6, 1996, HAVE BEEN INCORPORATED BY REFERENCE INTO PART III OF THIS FORM
10-K. SUCH PROXY STATEMENT WILL BE FILED ON OR ABOUT OCTOBER 28, 1996.
 
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        The Index to Exhibits of Sun Coast Industries, Inc.'s Annual Report on
Form 10-K for the fiscal year ended June 30, 1996 (the "1996 Form 10-K"), to
which reference is made in Item 14 of the 1996 Form 10-K for a list of the
exhibits to the 1996 Form 10-K, is hereby amended to reflect the inclusion
therein and the filing herewith of a new Exhibit 99.1 containing the financial
statements required by Form 11-K for the fiscal year ended June 30, 1996 with
respect to the Sun Coast Industries, Inc. Savings and Profit Sharing Plan, and
such Index to Exhibits is restated in its entirety following the signature page
hereto.
    

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                                  SIGNATURES
    


   
        Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this amendment to be signed on its behalf by the
undersigned, thereunto duly authorized.
    

   
                                        SUN COAST INDUSTRIES, INC.
    



   
Date:  December 20, 1996                By: /s/ CYNTHIA R. MORRIS
                                            ----------------------------------
                                            Cynthia R. Morris
                                            CFO, Secretary and Treasurer
    



                                     S-1
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                               INDEX TO EXHIBITS
 
<TABLE>
<CAPTION>
      EXHIBIT
       NUMBER                                      DESCRIPTION
-------------------- ------------------------------------------------------------------------
<S>                  <C>
        10.1         -- 1984 Incentive Stock Option Plan (filed as Exhibit 4.1 to the
                        Company's Registration Statement on Form S-8 filed with the
                        Securities and Exchange Commission on March 15, 1993 and incorporated
                        herein by reference).

        10.2         -- 1987 Incentive Stock Option Plan (filed as Exhibit 4.1 to the
                        Company's Registration Statement on Form S-8 filed with the
                        Securities and Exchange Commission on March 15, 1993 and incorporated
                        herein by reference).

        10.3         -- 1993 Incentive and Non-Statutory Stock Option Plan (filed as Exhibit
                        4.1 to the Company's Registration Statement on Form S-8 filed with
                        the Securities and Exchange Commission on March 15, 1993 and
                        incorporated herein by reference).

        10.4         -- 1994 Long-Term Incentive Plan (filed as Exhibit 4.1 to the Company's
                        Registration Statement on Form S-8 filed with the Securities and
                        Exchange Commission on December 16, 1994 and incorporated herein by
                        reference).

        10.5         -- 1994 Director Stock Option Plan (filed as Exhibit 4.1 to the
                        Company's Registration Statement on Form S-8 filed with the
                        Securities and Exchange Commission on December 16, 1994 and
                        incorporated herein by reference).

        10.6         -- Form of Director and Officer Indemnification Agreements entered into
                        between the Company and each director and executive officer as of
                        July 3, 1995 (filed as Exhibit 10.19 to the Company's Form 10-K dated
                        June 30, 1995 and incorporated herein by reference).

        10.7         -- Loan, Mortgage and Security Agreement between Manatee County, Florida
                        and Sun Coast Plastics, Inc. dated as of December 1, 1985 relating to
                        Manatee County, Florida Industrial Development Revenue Bonds, 1985
                        Series (Sun Coast Plastics, Inc. Project) (filed as Exhibit 10.20 to
                        the Company's Registration Statement on Form S-2 filed on February
                        17, 1995 and incorporated herein by reference).

        10.8         -- Trust Indenture between Manatee County, Florida and Sun Bank,
                        National Association, as Trustee, dated as of December 1, 1985,
                        relating to Manatee County, Florida Industrial Development Revenue
                        Bonds, 1985 Series (Sun Coast Plastics, Inc. Project) (filed as
                        Exhibit 10.21 to the Company's Registration Statement on Form S-2
                        filed on February 17, 1995 and incorporated herein by reference).

        10.9         -- United States of America, State of Florida, Manatee County Industrial
                        Development Revenue Bond, 1985 Series (Sun Coast Plastics, Inc.
                        Project) (filed as Exhibit 10.22 to the Company's Registration
                        Statement on Form S-2 filed on February 17, 1995 and incorporated
                        herein by reference).

        10.10        -- Rights Agreement, dated as of June 6, 1995, between the Company and
                        American Stock Transfer & Trust Company (filed as Exhibit 1 to the
                        Company's Current Report on Form 8-K dated June 6, 1995 and
                        incorporated herein by reference).

        10.11        -- Loan Agreement between the Company and Comerica Bank dated as of
                        December 20, 1995 (filed as Exhibit 10.1 to the Company's Form 10-Q
                        dated December 31, 1995 and incorporated herein by reference).

        10.12        -- Letter dated February 12, 1996 amending the Loan Agreement between
                        the Company and Comerica Bank (filed as Exhibit 10.2 to the Company's
                        Form 10-Q dated December 31, 1995 and incorporated herein by
                        reference).

        10.13        -- Retention Bonus Agreement, dated March 11, 1996, between the Company
                        and Cynthia R. Morris (filed as Exhibit 10.1 to the Company's Form
                        10-Q dated March 31, 1996 and incorporated herein by reference).
</TABLE>
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<TABLE>
<CAPTION>
      EXHIBIT
       NUMBER                                      DESCRIPTION
-------------------- ------------------------------------------------------------------------
<S>                  <C>
        10.14        -- Amended Severance Agreement, dated March 13, 1996, between the
                        Company and Cynthia R. Morris (filed as Exhibit 10.2 to the Company's
                        Form 10-Q dated March 31, 1996 and incorporated herein by reference).

        10.15        -- Severance Agreement, dated as of April 22, 1996, between the Company 
                        and Eddie Lesok (filed as Exhibit 10.1 to the Company's Form 10-Q 
                        dated March 31, 1996 and incorporated herein by reference).

        10.16        -- Letter dated September 25, 1996 waiving default regarding the Loan
                        Agreement between the Company and Comerica Bank.

        21           -- Subsidiaries of the Company

        23.1         -- Consent of KPMG Peat Marwick LLP.

        27           -- Financial Data Schedule.

        99.1         -- Financial statements required by Form 11-K for the fiscal year ended
                        June 30, 1996 with respect to Sun Coast Industries, Inc. Savings and 
                        Profit Sharing Plan.

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