<PAGE>
UNITED STATES
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 March 31, 1995 .
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[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934.
For the transition period from ____________ to ____________.
Commission file number 2-97923C
WELLSTEAD INDUSTRIES, INC.
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(Exact name of Registrant as specified in its charter)
DELAWARE 35-1636466
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
581 BOYLSTON STREET, SUITE 500, BOSTON, MA 02116
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (617) 424-8090
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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
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Indicate the number of shares outstanding or each of the issuer's classes of
common stock, as of the latest practicable date.
Class Shares outstanding at May 5, 1995
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Common Stock 1,184,040
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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.
WELLSTEAD INDUSTRIES, INC.
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(Registrant)
Date: May 22, 1995 /s/: John W. Burkhart
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John W. Burkhart
Chairman of the Board,
Chief Executive Officer,
President
Date: May 22, 1995 /s/: Carmen J. DiCioccio
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Carmen J. DiCioccio
Assistant Treasurer & Secretary
14
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<PAGE>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> MAR-31-1995
<CASH> 508
<SECURITIES> 0
<RECEIVABLES> 5831
<ALLOWANCES> (2008)
<INVENTORY> 4401
<CURRENT-ASSETS> 8898
<PP&E> 3092
<DEPRECIATION> (1595)
<TOTAL-ASSETS> 16693
<CURRENT-LIABILITIES> 13843
<BONDS> 0
<COMMON> 54
2047
0
<OTHER-SE> (1175)
<TOTAL-LIABILITY-AND-EQUITY> 16693
<SALES> 8616
<TOTAL-REVENUES> 8616
<CGS> 6996
<TOTAL-COSTS> 1620
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 30
<INTEREST-EXPENSE> 299
<INCOME-PRETAX> (276)
<INCOME-TAX> 0
<INCOME-CONTINUING> (276)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (276)
<EPS-PRIMARY> (0.23)
<EPS-DILUTED> (0.23)
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