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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 10-K/A
ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended October 31, 1999
Commission File Number 0-14365
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Alpha Technologies Group, Inc.
(Exact name of registrant as specified in its charter)
Delaware 76-0079338
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
306 Pasadena Avenue 91030
South Pasadena, CA (Zip Code)
(Address of principal executive
offices)
Registrant's telephone number, including area code: 626.799.9171
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Securities registered under Section 12(b) of the Exchange Act:
None
Securities registered under Section 12(g) of the Exchange Act:
Common Stock, $.03 par value
(Title of each class)
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) had 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 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. [X]
State the aggregate market value of the voting stock held by non-affiliates
of the registrant.
$25,958,596 at January 21, 2000
Indicate the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date.
Common Stock, 6,591,255 shares outstanding at January 21, 2000
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The undersigned registrant hereby amends the following items of its Annual
Report on Form 10-K for the fiscal year ended October 31, 1999 as set forth in
the pages attached hereto:
Item 8. Financial Statements and Supplementary Data.
The column heading on the October 31, 1999 balance sheet is being corrected.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this amendment to be signed on its behalf by the
undersigned, hereunto duly authorized.
ALPHA TECHNOLOGIES GROUP, INC.
Dated: March 13, 2000 By: /s/ Johnny J. Blanchard
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Johnny J. Blanchard
Principal Accounting Officer
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ALPHA TECHNOLOGIES GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
October 25, 1998 and October 31, 1999
(In Thousands, Except Share and per Share Data)
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<CAPTION>
October 25, October 31,
ASSETS 1998 1999
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CURRENT ASSETS:
Cash.................................................... $ 1,387 $ 354
Accounts receivable, net of allowance of $524 and
$424................................................... 8,671 9,482
Inventories, net........................................ 9,546 7,790
Prepaid expenses........................................ 623 863
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Total current assets.................................. 20,227 18,489
PROPERTY AND EQUIPMENT, net:............................. 13,355 11,462
GOODWILL, net............................................ 2,714 2,559
OTHER ASSETS, net........................................ 2,379 2,339
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TOTAL ASSETS.......................................... $ 38,675 $ 34,849
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LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable, trade................................. $ 5,808 $ 4,518
Accrued compensation and related benefits............... 1,777 1,670
Current portion of other liabilities.................... 2,582 1,983
Current portion of long-term debt....................... 961 1,220
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Total current liabilities............................. 11,128 9,391
REVOLVING CREDIT FACILITY................................ 8,180 2,799
LONG-TERM DEBT........................................... 2,833 3,960
OTHER LIABILITIES........................................ 217 197
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Preferred stock, $100 par value; shares authorized
180,000................................................ -- --
Common stock, $.03 par value; shares authorized
17,000,000; issued 7,940,838 at October 25, 1998 and
7,959,007 at October 31, 1999.......................... 238 239
Additional paid-in capital.............................. 43,781 43,828
Retained deficit........................................ (23,893) (19,739)
Accumulated other comprehensive income (loss)........... (91) (22)
Treasury stock, at cost (1,008,553 common shares at
October 25, 1998 and 1,394,353 at October 31,
1999).................................................. (3,718) (5,804)
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Total stockholders' equity............................ 16,317 18,502
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TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY............ $ 38,675 $ 34,849
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The accompanying notes are an integral part of these consolidated financial
statements.
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