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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
AMENDED REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 15, 1997
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AMERICAN PRECISION INDUSTRIES INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-5601 16-1284388
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(State or other jurisdiction (Commission (IRS Employer-
of incorporation) File Number) Identification No.)
2777 Walden Avenue, Buffalo, New York 14225
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (716) 684-9700
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Not applicable
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(Former name or former address, if changed since last report.)
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(a) Financial Statements of Businesses Acquired
The Company is not required to file the financial statements
of Schmidt-Bretten GmbH for the year ended December 31, 1996
pursuant to Rule 3-05(b) Regulation S-X since the acquisition
does not fulfill the "significant subsidiary" criteria test
pursuant to Rule 11-01(b) Regulation S-X. The acquisition of
Schmidt-Bretten GmbH occurred after the Company's January 3,
1997 fiscal year end, and since the Company's Form 10-K was
filed prior to the due date of the Form 8-K (including the 60
day extension), the acquisition of Schmidt-Bretten GmbH is
not considered significant when evaluated relative to the
Company's most recently completed fiscal year.
(b) Pro forma Financial Information
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The Company is not required to file pro forma financial
information pursuant to Article 11 of Regulation S-X since
the acquisition of Schmidt-Bretten GmbH does not fulfill the
"significant subsidiary" criteria test. The acquisition of
Schmidt-Bretten GmbH occurred after the Company's January 3,
1997 fiscal year end and since the Company's Form 10-K was
filed prior to the due date of the Form 8-K (including the 60
day extension), the acquisition of Schmidt-Bretten GmbH is
not considered significant when evaluated relative to the
Company's most recently completed fiscal year.
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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 hereunto duly authorized.
American Precision Industries Inc.
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(Registrant)
Date: April 15, 1997 /s/ John M. Murray
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John M. Murray
Vice President - Finance
