-----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, FBuR6Mvr6nUejdLxSXtQRFbXddMDvEeElnt7UAB8oyC+RyZIBrhEhLpEMpX7QsYJ ZwP9hmcvXXl2WozNWswLXQ== 0000912057-01-006110.txt : 20010224 0000912057-01-006110.hdr.sgml : 20010224 ACCESSION NUMBER: 0000912057-01-006110 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010216 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VEECO INSTRUMENTS INC CENTRAL INDEX KEY: 0000103145 STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829] IRS NUMBER: 112989601 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-16244 FILM NUMBER: 1548731 BUSINESS ADDRESS: STREET 1: TERMINAL DR CITY: PLAINVIEW STATE: NY ZIP: 11803 BUSINESS PHONE: 5163498300 8-K 1 a2039283z8-k.txt 8-K - -------------------------------------------------------------------------------- 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): February 16, 2001 VEECO INSTRUMENTS INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) DELAWARE 0-16244 11-2989601 -------- ------- ---------- (STATE OR OTHER (COMMISSION (IRS EMPLOYER JURISDICTION FILE NUMBER) IDENTIFICATION NO.) OF INCORPORATION) TERMINAL DRIVE, PLAINVIEW, NEW YORK 11803 ----------------------------------- ----- (ADDRESS OF PRINCIPAL EXECUTIVE (ZIP CODE) OFFICES) Registrant's telephone number, including area code: (516) 349-8300 NOT APPLICABLE. --------------- (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT.) - -------------------------------------------------------------------------------- Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. c. Exhibits Exhibit No. Description of Document ----------- ----------------------- 99.1 Quarterly Financial Statements for the Year Ended December 31, 2000 (restated to give effect to the adoption of SAB 101) Item 9. Regulation FD Disclosure. On February 5, 2001, the Registrant announced summary fourth quarter and year end results for the periods ended December 31, 2000, giving effect to the adoption of Staff Accounting Bulletin No. 101 -- Revenue Recognition in Financial Statements ("SAB 101"). To facilitate understanding of the impact of SAB 101, the Registrant is attaching quarterly financial information for the year ended December 31, 2000 which results have been restated to give effect to the adoption of SAB 101. SIGNATURES 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. VEECO INSTRUMENTS INC. (Registrant) February 16, 2001 By: /s/ John P. Kiernan -------------------------------- Name: John P. Kiernan Title: Vice President, Corporate Controller 2 EXHIBIT INDEX Exhibit No. Description of Document - ----------- ----------------------- 99.1 Quarterly Financial Statements for the Year Ended December 31, 2000 (restated to give effect to the adoption of SAB 101) 3 EX-99.1 2 a2039283zex-99_1.txt EXHIBIT 99.1 Exhibit 99.1 VEECO INSTRUMENTS INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (IN THOUSANDS, EXCEPT PER SHARE DATA) RESTATED FOR SAB 101
--------------------------------------------------------------------- MARCH JUNE SEPT DEC YEAR 2000 2000 2000 2000 TOTAL --------------------------------------------------------------------- Net sales $86,831 $ 102,324 $ 81,146 $ 116,367 $ 386,668 Cost of sales 46,463 73,329 43,805 64,241 227,838 --------------------------------------------------------------------- Gross profit 40,368 28,995 37,341 52,126 158,830 Costs and Expenses: Research and development expense 13,345 14,063 13,115 13,381 53,904 Selling, general and administrative expense 17,128 19,158 20,164 22,411 78,861 Other-net (20) 61 496 392 929 Amortization expense 509 976 1,180 1,071 3,736 Merger and reorganization expenses 250 13,956 - - 14,206 Asset impairment charge - 3,722 - - 3,722 --------------------------------------------------------------------- 31,212 51,936 34,955 37,255 155,358 --------------------------------------------------------------------- Operating income (loss) 9,156 (22,941) 2,386 14,871 3,472 Interest income, net (385) (136) (407) (379) (1,307) --------------------------------------------------------------------- Income (loss) before income taxes 9,541 (22,805) 2,793 15,250 4,779 Income tax provision (benefit) 3,593 (8,779) (392) 9,855 4,277 --------------------------------------------------------------------- Net income (loss) before cumulative effect of change in accounting principle 5,948 (14,026) 3,185 5,395 502 Cumulative effect of change in accounting principle (net of tax) 18,382 - - - 18,382 --------------------------------------------------------------------- Net income (loss) ($12,434) ($14,026) $3,185 $5,395 ($17,880) ===================================================================== Net income (loss) per common share before cumulative effect of change in accounting principle $0.26 ($0.60) $0.13 $0.22 $0.02 Cumulative effect of change in accounting principle (0.80) - - - (0.77) --------------------------------------------------------------------- Net income (loss) per common share ($0.54) ($0.60) $0.13 $0.22 ($0.75) ===================================================================== Diluted net income (loss) per common share before cumulative effect of change in accounting principle $0.26 ($0.60) $0.12 $0.21 $0.02 Cumulative effect of change in accounting principle (0.80) - - - (0.77) --------------------------------------------------------------------- Diluted net income (loss) per common share ($0.54) ($0.60) $0.12 $0.21 ($0.75) ===================================================================== Weighted average shares 22,950 23,463 24,098 24,604 23,805 Diluted weighted average shares 22,950 23,463 25,561 25,410 23,805
VEECO INSTRUMENTS INC. CONDENSED CONSOLIDATED BALANCE SHEETS (IN THOUSANDS) RESTATED FOR SAB 101
-------------------------------------------- MARCH JUNE SEPT DEC 2000 2000 2000 2000 -------------------------------------------- Cash and cash equivalents $ 13,520 $ 13,858 $ 51,642 $ 63,420 Short-term investments 51,490 52,189 52,945 26,895 Accounts and notes receivable, net 87,749 96,443 80,118 98,248 Inventories 98,801 86,644 94,512 100,062 Other current assets 25,230 36,827 60,448 53,610 -------------------------------------------- TOTAL CURRENT ASSETS 276,790 285,961 339,665 342,235 Net book value of fixed assets 63,422 63,030 60,609 60,094 Excess of cost over net assets acquired 9,437 9,732 9,042 9,481 Other assets, net 17,378 11,304 12,431 11,473 -------------------------------------------- TOTAL ASSETS $367,027 $370,027 $421,747 $423,283 ============================================ Current liabilities 107,793 117,126 129,037 121,772 Long-term liabilities 21,196 20,843 20,504 18,603 Shareholders' equity 238,038 232,058 272,206 282,908 -------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $367,027 $370,027 $421,747 $423,283 ============================================
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