WASHINGTON SCIENTIFIC INDUSTRIES INC
10-Q/A, 1998-10-13
ELECTRONIC COMPONENTS, NEC
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D. C. 20549

                                   FORM 10-Q/A


(Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended    May 31, 1998
                               ----------------------------------
                                       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              0-619

                     Washington Scientific Industries, Inc.
- --------------------------------------------------------------------------------
             (Exact name of registrant, as specified in its charter)


         Minnesota                                  41-0691607
- --------------------------------------------------------------------------------
(State or other jurisdiction of                  (I. R. S. Employer
  incorporation of organization)                  Identification No.)

         Long Lake, Minnesota                         55356
- --------------------------------------------------------------------------------
(Address of principal executive offices)            (Zip Code)

                                 (612) 473-1271
- --------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)

                                 Not Applicable
- --------------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report)

         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 [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

         Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.

         2,435,466 Common Shares were outstanding as of July 1, 1998.



<PAGE>





         Item 5.  Other Information

                  The deadline for submission of shareholder proposals pursuant
         to Rule 14a-8 under the Securities Exchange Act of 1934, as amended,
         for inclusion in the Company's proxy statement for its 1999 Annual
         Meeting of Shareholders is August 2, 1998. Additionally, if the Company
         receives notice of a shareholder proposal before October 27, 1998, or
         after November 26, 1998, such proposal will not be properly brought
         pursuant to the Company's bylaws and will not be considered at the
         Company's 1999 Annual Meeting of Shareholders.


<PAGE>




                                   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 thereunto duly authorized.

                                       WASHINGTON SCIENTIFIC INDUSTRIES, INC.



Date:  October 13, 1998                    /s/ Michael J. Pudil
       ----------------                 --------------------------------------
                                        Michael J. Pudil, President & CEO






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