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SECURITIES AND EXCHANGE COMMISSION
Washington, D,C. 20549
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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): April 30,1998
DIEBOLD, INCORPORATED
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(Exact name of registrant as specified in its charter)
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<S> <C> <C>
Ohio 1-4879 34-0183970
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(State or other jurisdiction (Commission File Number) (IRS Employer Identification
of incorporation) Number)
</TABLE>
5995 Mayfair Road, P.O. Box 3077, North Canton, Ohio 44720-8077
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (330) 490-4000
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1
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ITEM 5. OTHER EVENTS
Effective December 31, 1997, Diebold, Incorporated (Registrant) adopted
Statement of Financial Accounting Standards (SFAS) No. 128, "Earnings Per
Share," which replaced the calculation of primary earnings per share and fully
diluted earnings per share with basic earnings per share and diluted earnings
per share. SFAS No. 128 requires that all prior-period earnings per share data
presented in the Registrant's Annual Report on Form 10-K for the fiscal year
ended December 31, 1997 be restated to conform to SFAS No. 128. On March 5,
1998, the Registrant filed its Annual Report on Form 1O-K for the fiscal year
ended December 31, 1997. In accordance with Item 601(c)(2)(iii) of Regulation
S-K, the Registrant is filing this Current Report on Form 8-K to restate the
Registrant's Financial Data Schedules for the fiscal years ended December 31,
1995 and December 31, 1996 and for the quarterly periods ended June 30, 1997 and
September 30, 1997. The Restated Financial Data Schedules filed as exhibits
hereto conform to the restated prior-period earnings per share data presented in
the Registrant's Annual Report on Form 10-K for the fiscal year ended December
31, 1997.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
(c) Exhibits
27.1 Restated Financial Data Schedule for the fiscal year ended
December 31, 1995 (filed herewith).
27.2 Restated Financial Data Schedule for the fiscal year ended
December 31, 1996 (filed herewith).
27.3 Restated Financial Data Schedule for the quarterly periods ended
June 30, 1997 and September 30, 1997 (filed herewith).
2
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DIEBOLD, INCORPORATED AND SUBSIDIARIES
FORM 8-K
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.
DIEBOLD, INCORPORATED
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(Registrant)
Date: April 30, 1998 By: /s/ Gerald F. Morris
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Gerald F. Morris
Executive Vice President and
Chief Financial Officer
(Principal Accounting and
Financial Officer)
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DIEBOLD INCORPORATED
FORM 8-K
INDEX TO EXHIBITS
EXHIBIT NO. PAGE NO.
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27.1 Restated Financial Data Schedule for the fiscal year ended
December 31, 1995 (filed herewith). 5
27.2 Restated Financial Data Schedule for the fiscal year ended
December 31, 1996 (filed herewith). 6
27.3 Restated Financial Data Schedule for the quarterly periods
ended June 30, 1997 and September 30, 1997 (filed herewith). 7
4
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<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-K
FOR THE YEARS ENDED DECEMBER 31, 1997 AND 1996 AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1
<CASH> 15,698
<SECURITIES> 30,989
<RECEIVABLES> 197,145
<ALLOWANCES> 0
<INVENTORY> 91,002
<CURRENT-ASSETS> 376,212
<PP&E> 177,573
<DEPRECIATION> 93,501
<TOTAL-ASSETS> 749,795
<CURRENT-LIABILITIES> 189,078
<BONDS> 0
0
0
<COMMON> 57,367
<OTHER-SE> 450,313
<TOTAL-LIABILITY-AND-EQUITY> 749,795
<SALES> 553,622
<TOTAL-REVENUES> 863,409
<CGS> 348,560
<TOTAL-COSTS> 568,978
<OTHER-EXPENSES> 187,620
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 113,223
<INCOME-TAX> 37,014
<INCOME-CONTINUING> 76,209
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 76,209
<EPS-PRIMARY> 1.11
<EPS-DILUTED> 1.10
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-K
FOR THE YEAR ENDED DECEMBER 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<CASH> 21,885
<SECURITIES> 43,249
<RECEIVABLES> 256,572
<ALLOWANCES> 0
<INVENTORY> 109,432
<CURRENT-ASSETS> 487,523
<PP&E> 203,103
<DEPRECIATION> 107,169
<TOTAL-ASSETS> 859,101
<CURRENT-LIABILITIES> 228,220
<BONDS> 0
0
0
<COMMON> 86,246
<OTHER-SE> 489,324
<TOTAL-LIABILITY-AND-EQUITY> 859,101
<SALES> 679,053
<TOTAL-REVENUES> 1,030,191
<CGS> 421,261
<TOTAL-COSTS> 672,679
<OTHER-EXPENSES> 217,148
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 146,504
<INCOME-TAX> 49,079
<INCOME-CONTINUING> 97,425
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 97,425
<EPS-PRIMARY> 1.42
<EPS-DILUTED> 1.40
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q
FOR THE PERIOD ENDED JUNE 30, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
<EXCHANGE-RATE> 1
<CASH> 23,925
<SECURITIES> 36,766
<RECEIVABLES> 291,760
<ALLOWANCES> 0
<INVENTORY> 123,262
<CURRENT-ASSETS> 528,946
<PP&E> 239,176
<DEPRECIATION> 111,551
<TOTAL-ASSETS> 946,995
<CURRENT-LIABILITIES> 249,328
<BONDS> 20,800
0
0
<COMMON> 86,516
<OTHER-SE> 527,378
<TOTAL-LIABILITY-AND-EQUITY> 946,995
<SALES> 375,481
<TOTAL-REVENUES> 567,810
<CGS> 228,928
<TOTAL-COSTS> 369,248
<OTHER-EXPENSES> 116,374
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 82,489
<INCOME-TAX> 28,066
<INCOME-CONTINUING> 54,423
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 54,423
<EPS-PRIMARY> .79
<EPS-DILUTED> .78
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q
FOR THE PERIOD ENDED SEPTEMBER 30, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> SEP-30-1997
<EXCHANGE-RATE> 1
<CASH> 29,847
<SECURITIES> 33,986
<RECEIVABLES> 302,683
<ALLOWANCES> 0
<INVENTORY> 126,851
<CURRENT-ASSETS> 552,881
<PP&E> 254,461
<DEPRECIATION> 115,249
<TOTAL-ASSETS> 977,127
<CURRENT-LIABILITIES> 257,208
<BONDS> 20,800
0
0
<COMMON> 86,548
<OTHER-SE> 550,827
<TOTAL-LIABILITY-AND-EQUITY> 977,127
<SALES> 588,643
<TOTAL-REVENUES> 885,588
<CGS> 364,038
<TOTAL-COSTS> 578,504
<OTHER-EXPENSES> 176,446
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 132,572
<INCOME-TAX> 45,093
<INCOME-CONTINUING> 87,479
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 87,479
<EPS-PRIMARY> 1.27
<EPS-DILUTED> 1.26
</TABLE>
