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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________
FORM 10-Q
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended July 31, 1994
OR
[ ] TRANSACTION REPORT PURSUANT TO SECTION 13 or 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from N/A to N/A
Commission file number 0-1424
ADC Telecommunications, Inc.
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(Exact name of registrant as specified in its charter)
Minnesota 41-0743912
- ------------------------------- ------------------------------------
(state or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
4900 West 78th Street, Minneapolis, MN 55435
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(Address of principal executive offices) (zip code)
(612) 938-8080
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(Registrant's telephone number, including area code)
N/A
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Former name, former address and former fiscal year, if changed since last report
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
---- ----
APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
Common stock, $.20 par value: 27,854,420 shares as of August 25, 1994
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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, thereunto duly authorized.
ADC TELECOMMUNICATIONS, INC.
BY: /s/Robert E. Switz
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Robert E. Switz
Vice President, Chief Financial Officer
(Principal Financial Officer,
Duly Authorized Officer)
Dated: September 1, 1994
13
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ADC TELECOMMUNICATIONS, INC.
EXHIBIT INDEX TO FORM 10-Q
FOR THE QUARTER ENDED JULY 31, 1994
Exhibit
Number Description Page
- ------- ----------- ----
4-a Specimen certificate for shares of Common Stock of N/A
ADC Telecommunications, Inc. (Incorporated by
reference to Exhibit 4-a to the Company's
Quarterly Report on Form 10-Q for the quarter
ended July 31, 1989).
4-b Restated Articles of Incorporation of ADC N/A
Telecommunications, Inc., as amended to date.
(Incorporated by reference to Exhibit 4(b) of the
Company's Registration Statement on Form 8-A dated
March 11, 1994, for the Company's 1994 Employee
Stock Purchase Plan
4-c Composite Restated Bylaws of ADC N/A
Telecommunications, Inc., as amended to date
(Incorporated by reference to the Company's Annual
Report on Form 10-K for the fiscal year ended
October 31, 1989).
4-d Amended and Restated Rights Agreement, amended and N/A
restated as of August 16, 1989 between ADC
Telecommunications, Inc. and Norwest Bank
Minnesota, N.A., as Rights Agent (Incorporated by
reference to Exhibit 1 to Amendment No. 1 on Form
8 dated August 16, 1989, to the Company's
Registration Statement on Form 8-A dated
September 23, 1986).
10-a Access Platform System Management Incentive Plan
for the fiscal year ended October 31, 1994.
10-b ALS Management Incentive Plan for the fiscal year
ended October 31, 1994.
10-c Business Development Management Incentive Plan for
the fiscal year ended October 31, 1994.
10-d Cable Management Management Incentive Plan for the
fiscal year ended October 31, 1994.
14
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Exhibit
Number Description Page
- ------- ----------- ----
10-e Corporate Management Incentive Plan for the fiscal
year ended October 31, 1994.
10-f Fibermux Management Incentive Plan for the fiscal
year ended October 31, 1994.
10-g International Management Incentive Plan for the
fiscal year ended October 31, 1994.
10-h Kentrox Management Incentive Plan for the fiscal
year ended October 31, 1994.
10-i Vice President of Sales and Customer Service
Management Incentive Plan for the fiscal year
ended October 31, 1994.
10-j Senior Vice President Transmission Group
Management Incentive Plan for the fiscal year
ended October 31, 1994.
10-k Transmission Management Incentive Plan for the
fiscal year ended October 31, 1994.
10-l Transmission Product and Marketing Management
Management Incentive Plan for the fiscal year
ended October 31, 1994.
10-m Transmission Product and Marketing Management
(International) Management Incentive Plan for the
fiscal year ended October 31, 1994.
27-a Financial Data Schedule
15
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> OCT-31-1994
<PERIOD-START> MAY-01-1994
<PERIOD-END> JUL-31-1994
<CASH> 35,102
<SECURITIES> 0
<RECEIVABLES> 71,984<F1>
<ALLOWANCES> 1,558
<INVENTORY> 57,475<F2>
<CURRENT-ASSETS> 175,019
<PP&E> 158,608
<DEPRECIATION> (94,715)
<TOTAL-ASSETS> 309,665
<CURRENT-LIABILITIES> 56,402
<BONDS> 810
<COMMON> 5,571
0
0
<OTHER-SE> 244,779
<TOTAL-LIABILITY-AND-EQUITY> 309,665
<SALES> 320,437
<TOTAL-REVENUES> 320,437
<CGS> 158,753
<TOTAL-COSTS> 158,753
<OTHER-EXPENSES> 35,765
<LOSS-PROVISION> 654
<INTEREST-EXPENSE> 134
<INCOME-PRETAX> 44,090
<INCOME-TAX> 16,313
<INCOME-CONTINUING> 27,777
<DISCONTINUED> 0
<EXTRAORDINARY> (1,450)
<CHANGES> 0
<NET-INCOME> 26,327
<EPS-PRIMARY> 1.00
<EPS-DILUTED> 1.00
<FN>
<F1>Amount is net of bad debts and returns and allowances
<F2>Amount is net of obsolescence reserves
</FN>
</TABLE>