-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, af0ZTE9gX86XWg6C4xZhPBpoU6Ub9znYUFSEC4dL+J1aNaqs0JrmVoGjUPru+tQr R78MuuJzhn1YpWejAnEOfA== 0000008462-94-000012.txt : 19940614 0000008462-94-000012.hdr.sgml : 19940614 ACCESSION NUMBER: 0000008462-94-000012 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19940331 FILED AS OF DATE: 19940601 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AUGAT INC CENTRAL INDEX KEY: 0000008462 STANDARD INDUSTRIAL CLASSIFICATION: 3679 IRS NUMBER: 042022285 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-06176 FILM NUMBER: 94532555 BUSINESS ADDRESS: STREET 1: 89 FORBES BLVD STREET 2: P O BOX 448 CITY: MANSFIELD STATE: MA ZIP: 02048 BUSINESS PHONE: 5085434300 10-Q/A 1 AMENDMENT TO FORM 10-Q FILED ON APRIL 29, 1994 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q/A |X| QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934 For the quarterly period ended March 31, 1994 | | 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 1-6176 AUGAT INC. ------------------------------------------------ (Exact name of registrant as specified in its charter) MASSACHUSETTS 04-2022285 ------------------------------- -------------------------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 89 Forbes Boulevard, P.O. Box 448, Mansfield, Massachusetts 02048 ----------------------------------------------------------- ----- (Address of principal executive offices) (Zip Code) (508) 543-4300 -------------------------------------------------- (Registrant's telephone number, including area code) 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 | | The number of shares of the Registrant's common stock outstanding on March 31, 1994 was 19,179,659. -1- Statements of Consolidated Income For the Three Months Ended March 31, 1994 and 1993 (In thousands, except per share data) 1994* 1993* ------ ------ Net sales $127,403 $101,155 Cost of products sold 100,981 79,610 Gross margin 26,422 21,545 Selling, general and administrative expenses 16,348 15,994 Income from operations 10,074 5,551 Other income (expense): Interest income, etc. (75) 211 Interest expense (1,094) (1,232) Net (1,169) (1,021) Income before taxes on income 8,905 4,530 Provision for taxes on income 3,205 1,630 Net income $ 5,700 $ 2,900 Earnings per share $.30 $.16 Average common shares outstanding 19,118 18,442 Dividends paid per share $.00 $.00 * Unaudited See notes to unaudited consolidated financial statements. -5- PART II - OTHER INFORMATION Item 1 - Legal Proceedings On April 13, 1994, the Registrant announced that the State Supreme Judicial Court of the Commonwealth of Massachusetts vacated a 1992 Superior Court judgement which had awarded Augat Inc. compensatory damages of $14,140,000 in lost profits as the result of unfair trade practices. Although the court let stand its earlier decision that the conduct of defendants Aegis, Inc. and Jeremy Scherer was a knowing violation of the state unfair trade practices statute, the court held that the profits of Isotronics, Inc., Augat's former subsidiary was limited to six months, not twenty-seven, following the departure of three employees. The Supreme Court remanded the case to the Superior Court and included in its opinion instructions about how to recalculate the damage award. The award was not recorded in the company's previously reported earnings. Item 6 - Exhibits and Reports on Form 8-K (a) Exhibits - None (b) Reports on 8-K - None 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 thereto duly authorized. AUGAT INC. ----------------------------------------------- (Registrant) /s/ Ellen B. Richstone --------------------------------------------- Ellen B. Richstone Vice President and Chief Financial Officer Date: June 1, 1994 -10- -----END PRIVACY-ENHANCED MESSAGE-----