EVANS & SUTHERLAND COMPUTER CORP
10-K/A, 1996-04-22
MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES
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<PAGE>
 
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                        

                                   FORM 10-K/A
(Mark One)
[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934
     For the Fiscal Year Ended December 29, 1995

[  ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF
      1934 For the Transition Period from      to
                                          ----    ----

                         COMMISSION FILE NUMBER 0-8771
                         -----------------------------

                               EVANS & SUTHERLAND
                              COMPUTER CORPORATION
             (Exact name of registrant as specified in its charter)

                   UTAH                               87-0278175
     (State or other jurisdiction of              (I.R.S.  Employer
     incorporation or organization)               Identification No.)

   600 KOMAS DRIVE, SALT LAKE CITY, UTAH                 84108
  (Address of principal executive offices)             (Zip Code)

      Registrant's telephone number, including area code:  (801) 588-1000

          Securities Registered Pursuant to Section 12(b) of the Act:

                                     "None"

          Securities Registered Pursuant to Section 12(g) of the Act:

                              Title of Each Class
                              -------------------

                          Common Stock, $.20 par value
                       6% Convertible Debentures Due 2012
                        Preferred Stock Purchase Rights

   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  ______
                                              
   Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K ((S) 229.405 of this chapter) is not contained herein, and
will not be contained, to the best of Registrant's knowledge, in definitive
proxy or information statements incorporated by reference in Part III of this
Form 10-K or any amendment to this Form 10-K.  [  ]

   The aggregate market value of the voting stock held by non-affiliates of the
Registrant as of March 1, 1996 was approximately $116,809,000.

   The Registrant had issued and outstanding 8,738,939 shares of its common
stock on March 1, 1996.

                      DOCUMENTS INCORPORATED BY REFERENCE

   Those sections or portions of the Registrant's 1995 Proxy Statement for its
Annual Meeting of Shareholders to be held on May 16, 1996 are incorporated by
reference into Part III hereof.
<PAGE>
 
                                   SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) 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.


EVANS & SUTHERLAND COMPUTER CORPORATION


April 22, 1996  By: /s/ JAMES R. OYLER
                   -------------------------
                   JAMES R. OYLER, PRESIDENT


     Pursuant to the requirements of the Securities and Exchange Act of 1934,
this report signed below by the following persons on behalf of the registrant
and in the capacities and on the dates indicated.


/s/ STEWART CARRELL         *    Chairman of the            April 22, 1996
    -------------------------
    STEWART CARRELL              Board of Directors


/s/ JAMES R. OYLER               Director and President     April 22, 1996
    --------------------------
    JAMES R. OYLER               (Chief Executive Officer)


/s/ JOHN T. LEMLEY               Vice President and Chief   April 22, 1996
    --------------------------
    JOHN T. LEMLEY               Financial Officer
                                 (Principal Financial and
                                 Accounting Officer)

/s/ HENRY N. CHRISTIANSEN    *   Director                   April 22, 1996
    --------------------------
    HENRY N. CHRISTIANSEN


/s/ PETER O. CRISP           *   Director                   April 22, 1996
    --------------------------
    PETER O. CRISP


/s/ IVAN E. SUTHERLAND       *   Director                   April 22, 1996
    --------------------------
    IVAN E. SUTHERLAND


/s/ JOHN E. WARNOCK          *   Director                   April 22, 1996
    --------------------------
    JOHN E. WARNOCK



By: /s/ GARY E. MEREDITH     *                              April 22, 1996
    --------------------------
    GARY E. MEREDITH
    Attorney-in-Fact

                                      

<TABLE> <S> <C>

<PAGE>
 
<ARTICLE> 5
<MULTIPLIER> 1,000
       
<S>                                       <C>
<PERIOD-TYPE>                                   12-MOS
<FISCAL-YEAR-END>                          DEC-29-1995
<PERIOD-START>                             DEC-31-1994
<PERIOD-END>                               DEC-29-1995
<CASH>                                           5,023
<SECURITIES>                                    86,718
<RECEIVABLES>                                   25,625
<ALLOWANCES>                                         0
<INVENTORY>                                     18,981
<CURRENT-ASSETS>                               161,004
<PP&E>                                         106,147
<DEPRECIATION>                                  65,292
<TOTAL-ASSETS>                                 211,002
<CURRENT-LIABILITIES>                           42,593
<BONDS>                                         18,015
                                0
                                          0
<COMMON>                                         1,743
<OTHER-SE>                                     146,748
<TOTAL-LIABILITY-AND-EQUITY>                   211,002
<SALES>                                        113,194
<TOTAL-REVENUES>                               113,194
<CGS>                                           62,768
<TOTAL-COSTS>                                   50,825
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               1,477
<INCOME-PRETAX>                                 33,580
<INCOME-TAX>                                    13,096
<INCOME-CONTINUING>                             20,484
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                    327
<CHANGES>                                            0
<NET-INCOME>                                    20,811
<EPS-PRIMARY>                                     2.41
<EPS-DILUTED>                                     2.31
        

</TABLE>


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