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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 10-QA-1
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE QUARTER ENDED MARCH 31, 1995
COMMISSION FILE NUMBER 0-16182
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VERNITRON CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 11-1962029
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
645 MADISON AVENUE
NEW YORK, NEW YORK 10022
(Address of principal executive offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (212) 593-7900
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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
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12,538,012 SHARES OF COMMON STOCK, $.01 PAR VALUE, WERE OUTSTANDING AS OF
APRIL 28, 1995.
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PART II. OTHER INFORMATION
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
a) Exhibits:
Exhibit 27 - Financial Data Schedule
b) Reports on Form 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 thereunto duly authorized.
Date: May 15, 1995 VERNITRON CORPORATION
By: /s/ Stephen W. Bershad
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Stephen W. Bershad
Chief Executive Officer
By: /s/ Raymond F. Kunzmann
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Raymond F. Kunzmann
Vice President - Finance, Controller
and Chief Financial Officer
2
<TABLE> <S> <C>
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<ARTICLE> 5
<LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE BALANCE SHEET OF VERNITRON CORPORATION AS OF MARCH 31, 1995 AND THE RELATED
STATEMENTS OF OPERATIONS FOR THE QUARTERS ENDED MARCH 31, 1995 AND 1994 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> MAR-31-1995
<CASH> 49
<SECURITIES> 0
<RECEIVABLES> 10,689
<ALLOWANCES> 279
<INVENTORY> 15,144
<CURRENT-ASSETS> 26,113
<PP&E> 11,845
<DEPRECIATION> 3,995
<TOTAL-ASSETS> 42,911
<CURRENT-LIABILITIES> 12,056
<BONDS> 13,019
<COMMON> 125
0
7
<OTHER-SE> 13,622
<TOTAL-LIABILITY-AND-EQUITY> 42,911
<SALES> 16,896
<TOTAL-REVENUES> 16,896
<CGS> 12,214
<TOTAL-COSTS> 12,214
<OTHER-EXPENSES> 3,680
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 496
<INCOME-PRETAX> 498
<INCOME-TAX> 194
<INCOME-CONTINUING> 304
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 304
<EPS-PRIMARY> .01
<EPS-DILUTED> .01
</TABLE>
