================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE QUARTER ENDED MARCH 31, 1996
Commission file number 0-16182
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
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
-----
12,659,952 shares of Common Stock, $.01 par value, were outstanding as of May 1,
1996.
================================================================================
<PAGE>
PART II. OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
a) Exhibits:
Exhibits 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: June 24, 1996 VERNITRON CORPORATION
By: /s/ Stephen W. Bershad
----------------------
Stephen W. Bershad
Chief Executive Officer
By: /s/ Raymond F. Kunzmann
-----------------------
Raymond F. Kunzmann
Vice President - Finance, Controller
and Chief Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
VERNITRON CORPORATION
FINANCIAL DATA SCHEDULE
(Dollars in thousands, except per share data)
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE
SHEET OF VERNITRON CORPORATION AS OF MARCH 31, 1996 AND THE RELATED STATEMENTS
OF OPERATIONS FOR THE QUARTERS ENDED MARCH 31, 1996 AND 1995 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> MAR-31-1996
<CASH> 88
<SECURITIES> 0
<RECEIVABLES> 10,090
<ALLOWANCES> 242
<INVENTORY> 17,246
<CURRENT-ASSETS> 28,070
<PP&E> 12,941
<DEPRECIATION> 5,434
<TOTAL-ASSETS> 42,548
<CURRENT-LIABILITIES> 12,171
<BONDS> 12,120
<COMMON> 127
0
7
<OTHER-SE> 14,902
<TOTAL-LIABILITY-AND-EQUITY> 42,548
<SALES> 17,031
<TOTAL-REVENUES> 17,031
<CGS> 12,603
<TOTAL-COSTS> 12,603
<OTHER-EXPENSES> 3,317
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 444
<INCOME-PRETAX> 674
<INCOME-TAX> 284
<INCOME-CONTINUING> 390
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 390
<EPS-PRIMARY> .02
<EPS-DILUTED> .02
</TABLE>
