SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 10-K/A
ANNUAL REPORT PURSUANT TO SECTION 13 OR
15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1998 COMMISSION FILE NUMBER 1-2451
NATIONAL PRESTO INDUSTRIES, INC.
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(Exact name of registrant as specified in its charter)
WISCONSIN 39-0494170
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(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification Number)
3925 NORTH HASTINGS WAY
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EAU CLAIRE, WISCONSIN 54703-3703
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(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code: (715) 839-2121
Securities registered pursuant to Section 12(b) of the Act:
Name of each exchange on
Title of each class which registered
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$1.00 par value common stock New York Stock Exchange
Securities registered pursuant to Section 12 (g) of the Act:
NONE
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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 ___
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K (229.405 of this chapter) 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 the Form 10-K. _X_
The aggregate market value of the voting stock held by non-affiliates of the
registrant computed by reference to the price at which the stock was sold, or
the average bid and asked prices of such stock, as of February 26, 1999, was
$265,774,219.
The number of shares outstanding of each of the registrant's classes of common
stock, as of February 26, 1999, was 7,359,478.
<PAGE>
This amendment is being submitted to include the financial data schedule filed
electronically only.
<PAGE>
PART IV
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K
A. The following consolidated financial statements of National
Presto Industries, Inc., and its subsidiaries and the related
Report of Independent Certified Public Accountants are included
in this report:
Exhibit 27 - Financial Data Schedule
All other Schedules and Exhibits for which provision is made in the
applicable accounting regulations of the Securities and Exchange
Commission are not required under the related instructions or are
inapplicable, and therefore have been omitted. Columns omitted from
schedules filed have been omitted because the information is not
applicable.
C. Reports on Form 8-K:
No reports on Form 8-K were filed during the last quarter of the
period covered by this Form 10-K.
<PAGE>
SIGNATURE
Pursuant to the Requirements of Section 13 or 14 (d) 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.
NATIONAL PRESTO INDUSTRIES, INC.
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(registrant)
By: /S/ Randy F. Lieble
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Randy F. Lieble
Treasurer
(Principal Accounting Officer)
By: /S/ Richard N. Cardozo By: /S/ Melvin S. Cohen
------------------ ---------------
Richard N. Cardozo Melvin S. Cohen
Director Chairman of the Board
By: /S/ John M. Sirianni By: /S/ James F. Bartl
------------------ --------------
John M. Sirianni James F. Bartl
Director Executive Vice President,
Secretary and Director
By: /S/ Michael J. O'Meara By: /S/ Maryjo Cohen
------------------ ---------------
Michael J. O'Meara Maryjo Cohen
Director President and Chief Executive
Officer and Director
Date: March 30, 1999
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NATIONAL
PRESTO INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<CASH> 114,565
<SECURITIES> 126,666
<RECEIVABLES> 16,290
<ALLOWANCES> 450
<INVENTORY> 15,973
<CURRENT-ASSETS> 273,301
<PP&E> 21,975
<DEPRECIATION> 11,411
<TOTAL-ASSETS> 294,762
<CURRENT-LIABILITIES> 40,357
<BONDS> 0
0
0
<COMMON> 7,441
<OTHER-SE> 246,964
<TOTAL-LIABILITY-AND-EQUITY> 294,762
<SALES> 107,073
<TOTAL-REVENUES> 107,073
<CGS> 70,853
<TOTAL-COSTS> 70,853
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 1,536
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 27,396
<INCOME-TAX> 7,663
<INCOME-CONTINUING> 19,733
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 19,733
<EPS-PRIMARY> 2.68
<EPS-DILUTED> 2.68
</TABLE>
