<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 1996
OR
[ ] 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: 0-15383
CEM CORPORATION
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(Exact name of registrant as specified in its charter)
North Carolina 56-1019741
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(State of Incorporation) (I.R.S. Employer Identification
No.)
3100 Smith Farm Road, Matthews, NC 28105
- ---------------------------------------- -------------
(Address of principal executive offices) (Zip Code)
Post Office Box 200, Matthews, North Carolina 28106
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(Mailing address of principal executive offices)
(704) 821-7015
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(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.
Yes X No
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3,651,421 shares of the issuer's $.05 par value common stock, its only class of
common stock, were outstanding as of May 6, 1996.
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This amendment to the Quarterly Report on Form 10-Q for the quarter ended
March 31, 1996 has been filed to amend the previously filed Financial Data
Schedule (Exhibit 27) by changing the multiplier from 1,000 to 1.
PART II. OTHER INFORMATION
ITEM 6. Exhibits and Reports on Form 8-K
(a) Exhibits:
(11) Statement of Computation of Earnings per Share was
filed as Exhibit 11 to the Registrant's Quarterly
Report on Form 10-Q for the quarter ended March 31,
1996 and is incorporated herein by reference.
(27) Amended Financial Data Schedule (filed in electronic
format only) This schedule shall not be deemed filed for
purposes of Section 11 of the Securities Act of 1933 or
Section 18 of the Securities Exchange Act of 1934 or
otherwise be subject to the liabilities of such
sections, nor shall it be deemed a part of any
registration statement to which it relates.
(b) Reports on Form 8-K:
No Reports on Form 8-K were filed during the quarter
ended March 31, 1996.
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CEM CORPORATION
SIGNATURE
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.
Date: September 23, 1996 CEM CORPORATION
BY: /s/ Richard N. Decker
---------------------
Richard N. Decker
Secretary, Treasurer and
Chief Financial Officer
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
EXHIBITS
ITEM 6(A)
Quarterly Report on Form 10-Q
For the quarter ended March 31, 1996 Commission File Number: 0-15383
CEM CORPORATION
EXHIBIT INDEX
Exhibit Number: Exhibit Description
- --------------- ---------------------------------------------------
27 Amended Financial Data Schedule (filed in
electronic format only)
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<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF CEM CORPORATION FOR THE NINE MONTHS ENDED MARCH 31,
1996, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> JUN-30-1996<F1>
<PERIOD-END> MAR-31-1996
<CASH> 4,377,000
<SECURITIES> 3,000,000
<RECEIVABLES> 6,585,000
<ALLOWANCES> 0
<INVENTORY> 5,349,000
<CURRENT-ASSETS> 20,517,000
<PP&E> 5,665,000
<DEPRECIATION> 0
<TOTAL-ASSETS> 28,794,000
<CURRENT-LIABILITIES> 4,059,000
<BONDS> 1,463,000
0
0
<COMMON> 183,000
<OTHER-SE> 23,001,000
<TOTAL-LIABILITY-AND-EQUITY> 28,794,000
<SALES> 23,710,000
<TOTAL-REVENUES> 23,710,000
<CGS> 9,970,000
<TOTAL-COSTS> 9,970,000
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 3,620,000
<INCOME-TAX> 1,266,000
<INCOME-CONTINUING> 2,354,000
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 2,354,000
<EPS-PRIMARY> .63
<EPS-DILUTED> .62
<FN>
<F1>CERTAIN INFORMATION IN THE FINANCIAL DATA SCHEDULE ABOVE HAS BEEN CONDENSED FOR
INTERIM FINANCIAL REPORTING PURSUANT TO THE RULES AND REGULATIONS OF THE
SECURITIES AND EXCHANGE COMMISSION.
</FN>
</TABLE>
