FORM 10-Q/A
(Amendment No. 1)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
Quarterly Report Pursuant Section 13 or 15(d) of the
Securities Exchange Act of 1934
For Quarterly Period Ended June 30, 1996
Commission File Number 0-26694
SPECIALIZED HEALTH PRODUCTS INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Delaware 93-0945003
(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
655 East Medical Drive, Bountiful, Utah 84010
(Address of principal executive offices)
(Zip Code)
(801) 298-3360
(Registrant's telephone number, including area code)
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.
[x] Yes [ ] No
Indicate the number of shares outstanding of each of the
issuer's classes of common stock, as of the latest practicable
date.
Class Outstanding as of August 10, 1996
Common Stock, $.02 par value 8,589,153
<PAGE>
PART II - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
(a)
INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION OF EXHIBIT
3(i).1 Restated Certificate of Incorporation of the Company. (Incorporated
by reference to Exhibit 3(i).1 of the Company's current report on
Form 8-K, dated July 28, 1995)
3(i).2 Articles of Incorporation of Specialized Health Products, Inc.
("SHP") (Incorporated by reference to Exhibit 3(i).2 of the
Company's Form 10-K, dated December 31, 1995)
3(i).3 Articles of Amendment of SHP (Incorporated by reference to Exhibit
3(i).3 of the Company's Form 10-K, dated December 1995)
3(i).4 Plan and Articles of Merger of Russco Resources, Inc., into SHP
(Incorporated by reference to Exhibit 3(i).1 to the Company's current
report on Form 8-K, dated July 28, 1995)
3(ii).1 Bylaws of the Company (Incorporated by reference to Exhibit 3(ii).1
of the Company's Form 10-K, dated December 31, 1995)
3(ii).2 Bylaws of SHP (Incorporated by reference to Exhibit 3(ii).2 of the
Company's Form 10-K, dated December 31, 1995)
10.1 Agreement and Plan of Reorganization dated as of June 23, 1995, among
the Company, Russco Resource, Inc., Scott R. Jensen and Specialized
Health Products, Inc. (Incorporated by reference to Exhibit 2.1 of the
Company's Current Report on Form 8-K, dated July 28, 1995.)
10.2 Placement Agreement between the Company, SHP and U.S. Sachem Financial
Consultants, L.P., dated June 23, 1995 (Incorporated by reference to
Exhibit 10.2 of the Company's Form 10-K, dated December 31, 1995)
10.3 Form of Employment Agreement with Executive Officers and Directors
(Incorporated by reference to Exhibit 10.3 of the Company's Form 10-K,
dated December 31, 1995)
10.4 Form of Indemnity Agreement with Executive Officers and Directors
(Incorporated by reference to Exhibit 4 of the Company's Form 10-K,
dated December 31, 1995)
10.5 Form of confidentiality Agreement (Incorporated by reference to
Exhibit 10.5 of the Company's Form 10-K, dated December 31, 1995)
10.6 Joint Venture Agreement between SHP and Zerbec, Inc., dated as of
October 30, 1995 (Incorporated by reference to Exhibit 10.6 of the
Company's Form 10-K, dated December 31, 1995)
27.1 Financial Data Schedule
(b) Reports on Form 8-K;
None.
<PAGE>
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.
SPECIALIZED HEALTH PRODUCTS
INTERNATIONAL, INC.:
Date: October 12, 1996 By /s/ David A. Robinson
David A. Robinson
President, Chief Executive
Officer, Director
Date: October 12, 1996 By /s/ J. Clark Robinson
J. Clark Robinson
Chief Financial Officer,
Director
<PAGE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS FOR THE PERIOD ENDED JUNE 30, 1996 AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
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<PERIOD-TYPE> 6-MOS
<PERIOD-END> JUN-30-1996
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<INVENTORY> 16,089
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<PP&E> 1,371,486
<DEPRECIATION> 32,428
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<CURRENT-LIABILITIES> 133,665
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0
0
<COMMON> 170,783
<OTHER-SE> 3,640,358
<TOTAL-LIABILITY-AND-EQUITY> 3,945,806
<SALES> 70,367
<TOTAL-REVENUES> 70,367
<CGS> 59,889
<TOTAL-COSTS> 1,736,117
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<NET-INCOME> (1,616,739)
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