-----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, Ft1dbC+kl+FdzCn9RzdymcvQtoLiqs6wWfGB+JIHPYaWo4PlJd7a1ucNIUIfy6Qi mqN3YWaWEp89YZ3nlmI2mQ== 0000912057-97-013634.txt : 19970423 0000912057-97-013634.hdr.sgml : 19970423 ACCESSION NUMBER: 0000912057-97-013634 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970421 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: APPLIED MICROSYSTEMS CORP /WA/ CENTRAL INDEX KEY: 0001000787 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 911074996 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-26778 FILM NUMBER: 97584268 BUSINESS ADDRESS: STREET 1: 5020 148TH AVE NE STREET 2: P O BOX 97002 CITY: REDMOND STATE: WA ZIP: 98073-9702 BUSINESS PHONE: 2068822000 MAIL ADDRESS: STREET 1: 5020 148TH AVE NE CITY: REDMOND STATE: WA ZIP: 98073-9702 10-K/A 1 FORM 10-K/A The attached three pages, that were inadvertently left off by our EDGAR service provider, should be added to the 10-K submission dated March 31, 1997. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A /X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 1996 Commission File Number 0-26778 APPLIED MICROSYSTEMS CORPORATION (Exact name of registrant as specified in its charter) ---------------- Washington 91-1074996 (State of incorporation) (I.R.S. Employer Identification Number) 5020 148th Avenue N.E. 98052 Redmond, Washington (Zip Code) (Address of principal executive offices) (206) 882-2000 (Registrant's telephone number, including area code) ---------------- Securities registered pursuant to Section 12(b) of the Act: 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 the 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. / / The aggregate market value of the Common Stock held by non-affiliates of the registrant, based on the closing price on March 20, 1997, as reported on NASDAQ, was $32,017,369. (1) The number of shares of the registrant's Common Stock outstanding as of March 20, 1997, was 6,713,120. (1) Excludes shares held of record on that date by directors, officers and greater than 10% shareholders of the registrant. Exclusion of such shares should not be construed to indicate that any such person directly or indirectly possesses the power to direct or cause the direction of the management of the policies of the registrant. 11. GEOGRAPHIC INFORMATION The Company is engaged in one line of business: the design, manufacture, and marketing of specialized test instruments and software for the microprocessor industry. Certain financial information of operations by geographic area is provided in the table below based on the location of the Company's facilities. Sales are not recognized for financial statement purposes until there has been a sale to an unaffiliated customer.
YEAR ENDED DECEMBER 31, ------------------------- 1996 1995 1994 ------- ------ ------- (IN THOUSANDS) Net Sales: United States............................................... $22,615 $17,839 $15,400 Japan....................................................... 12,842 10,412 7,661 Europe...................................................... 3,205 2,788 2,602 ------- ------- ------- Consolidated net sales...................................... $38,662 $31,039 $25,663 ------- ------- ------- ------- ------- ------- Export Sales to unaffiliated customers...................... $2,367 $ 1,917 $ 1,556 ------- ------- ------- ------- ------- ------- Income(Loss) before income taxes: United States............................................... $5,900 $ 2,778 $ 734 Japan....................................................... 266 183 32 Europe...................................................... (214) (413) (591) Corporate elimination's..................................... (654) (789) (77) ------- ------- ------- Consolidated income before income tax....................... $5,298 $ 1,759 $ 98 ------- ------- ------- ------- ------- ------- Identifiable assets: United States............................................... $24,071 $21,638 $9,043 Japan....................................................... 5,225 3,888 3,554 Europe...................................................... 1,528 1,320 1,414 ------- ------- ------- Consolidated assets......................................... $30,824 $26,846 $14,011 ------- ------- ------- ------- ------- -------
42 12. Quarterly Financial Information (unaudited) Summarized quarterly financial information for 1996 and 1995 is as follows:
1996 ----------------------------------------------- MAR. 31 JUNE 30 SEPT. 30 DEC. 31 ------- ------- -------- ------- FOR THE QUARTERS ENDED: (IN THOUSANDS, EXCEPT PER SHARE DATA) Net sales....................................... $8,704 $9,750 $9,711 $10,496 Gross profit.................................... 6,147 6,944 7,101 7,677 Net Income...................................... 702 996 967 1,052 Earnings per share: Net income...................................... $0.10 $0.14 $0.14 $0.15 Weighted average common shares and equivalents.. 7,083 7,106 7,128 7,094 Market price per share: High....................................... $12.75 $20.75 $23.875 $23.75 Low........................................ 7.75 9.00 11.25 9.00
1995 ----------------------------------------------- MAR. 31 JUNE 30 SEPT. 30 DEC. 31 ------- ------- -------- ------- FOR THE QUARTERS ENDED: (IN THOUSANDS, EXCEPT PER SHARE DATA) Net sales...................................... $7,227 $7,670 $7,828 $8,314 Gross profit................................... 4,958 5,306 5,444 5,801 Net Income..................................... 86 306 452 610 Earnings per share: Net income...................................... $0.02 $0.06 $0.08 $0.10 Weighted average common shares and equivalents.. 5,471 5,471 5,578 6,398 Market price per share: High....................................... -- -- -- $10.75 Low........................................ -- -- -- 6.75
43 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure None. Part III ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT The information required by this Item is contained in part in the sections captioned "Board of Directors--Nominees for Director" and "Voting Securities and Principal Holders--Exchange Act Compliance" in the Proxy Statement for the Company's Annual Meeting of Stockholders scheduled to be held on May 30, 1997, and such information is incorporated herein by reference. The remaining information required by this Item is set forth as Item 4A in Part I of this report under the caption "Executive Officers of the Registrant." ITEM 11. EXECUTIVE COMPENSATION The information required by this Item is incorporated by reference to the information contained in the section captioned "Compensation and Benefits" of the Proxy Statement for the Company's Annual Meeting of Stockholders scheduled to be held on May 30, 1997. ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The information required by this Item is incorporated by reference to the information contained in the sections captioned "Voting Securities and Principal Holders" and "Compensation and Benefits--Certain Transactions" of the Proxy Statement for the Company's Annual Meeting of Stockholders scheduled to be held on May 30, 1997. ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS The information required by this Item is incorporated by reference to the information contained in the section captioned "Compensation and Benefits--Certain Transactions" of the Proxy Statement for the Company's Annual Meeting of Stockholders scheduled to be held on May 30, 1997. 44 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Seattle, State of Washington, on March 31, 1997. APPLIED MICROSYSTEMS CORPORATION By /s/ A. James Beach --------------------------------------------- A. James Beach Chief Financial Officer Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
SIGNATURE TITLE DATE /s/ Robert L. Deinhammer President, Chief Executive Officer and - ---------------------------------- Director (Principal Executive Officer) March 31, 1997 Robert L. Deinhammer /s/ A. James Beach Vice President, Chief Financial Officer, March 31, 1997 - ---------------------------------- Secretary and Treasurer (Principal Financial A. James Beach and Accounting Officer) /s/ Anthony Miadich Chairman of the Board March 31, 1997 - ---------------------------------- Anthony Miadich /s/ Elwood D. Howse, Jr. Director March 31, 1997 - ---------------------------------- Elwood D. Howse, Jr. /s/ David E. Stitt Director March 31, 1997 - ---------------------------------- David E. Stitt /s/ Paul N. Risinger Director March 31, 1997 - ---------------------------------- Paul N. Risinger
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