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): September 30, 1999
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Exact Name of Registrant as
Specified in Its Charter: SMTEK INTERNATIONAL, INC.
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DELAWARE 1-8101 33-0213512
_____________________________ ____________ _____________
State or Other Jurisdiction of Commission I.R.S. Employer
Incorporation or Organization File Number Identification No.
Address of Principal Executive Offices: 2151 Anchor Court
Thousand Oaks, CA 91320
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Registrant's Telephone Number, Including
Area Code: (805) 376-2595
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Former Name or Former Address,
if Changed Since Last Report: Not applicable
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Item 5. Other Events.
On September 30, 1999, SMTEK International, Inc. ("the Company") filed
Form 12b-25 with the Securities and Exchange Commission requesting an extension
of 15 days to file its Form 10-K for the fiscal year ended July 2, 1999
("Fiscal 1999"). The reason for this extension request is that the Company
experienced unexpected turnover of personnel in its finance and accounting
functions after the end of Fiscal 1999, which has caused a delay in completing
the Form 10-K. The Form 12b-25 as filed with the Securities and Exchange
Commission contained the following disclosure:
The consolidated statement of operations for Fiscal 1999 has not
yet been finalized. However, effective in the fourth quarter of
Fiscal 1999 the registrant recorded a provision of approximately
$1.8 million for federal income taxes and related accrued interest
in connection with an IRS assessment related to certain years prior
to Fiscal 1999. In addition, the registrant expects to record a
provision for excess inventory in an amount yet to be determined.
Principally because of these two factors, the registrant expects to
report a net loss in the range of $2 million to $2.7 million for
Fiscal 1999, compared to net income of $493,000 in the preceding
fiscal year.
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.
SMTEK INTERNATIONAL, INC.
September 30, 1999 /s/ Richard K. Vitelle
_________________________________ _________________________________
Date Richard K. Vitelle
Vice President -Finance
(Principal Financial Officer)
