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Previous: PUBLIC SERVICE CO OF NEW MEXICO, DEFA14A, 2000-06-12 |
Next: SYMMETRICOM INC, 8-K/A, EX-10.39, 2000-06-12 |
<PAGE>
================================================================================
UNITED STATES SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------------------------------------------------------------------
FORM 8-K/A
[X] CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 12, 2000
-------------------------------
SYMMETRICOM, INC.
(Exact name of registrant as specified in its charter)
<TABLE>
<S> <C> <C>
California 0-2287 No. 95-1906306
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
2300 Orchard Parkway,
San Jose, California 95131-1017
(Address of principal executive offices) (Zip Code)
</TABLE>
Registrant's telephone number, including area code: (408) 943-9403
Not Applicable
(Former name or former address, if changed since last report)
-----------------------------------
<PAGE>
The undersigned Registrant, Symmetricom, Inc. ("Symmetricom"), hereby amends
item 7, financial statements and exhibits of its Current Report on Form 8-K,
originally filed with the Securities Exchange Commission on April 13, 2000,
reporting the disposition of the Registrant's Global Positioning System ("GPS")
division.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements of Business Acquired.
Not Applicable
(b) Pro Forma Financial Information.
Unaudited Pro Forma Condensed Consolidated Statement of
Operations for the year ended June 30, 1999.
(c) Exhibits
10.39 Pro Forma Financial Statements described in Item 7(b).
<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.
SYMMETRICOM, INC.
(Registrant)
DATE: June 12, 2000 By:
/s/Maurice Austin
--------------------
Maurice Austin
Chief Financial Officer
(for Registrant and as Principal
Financial and Accounting Officer)
<PAGE>
SYMMETRICOM, INC.
Unaudited Pro Forma Condensed Consolidated Statement of Operations
Year Ended June 30, 1999
(In thousands, except per share amounts)
<TABLE>
<CAPTION>
Historical
------------
Symmetricom, Less GPS Other Pro
Inc. Division (a) Adjustments Forma
------------ -------------- ------------- -------------
<S> <C> <C> <C> <C>
Net sales $ 76,915 $ 8,949 $ 4,301 (b) $ 72,267
Cost of sales 40,169 4,656 1,119 (b) 36,632
------------ -------------- ------------- -------------
Gross profit 36,746 4,293 3,182 35,635
Operating expenses:
Research and development 13,671 2,223 - 11,448
Selling, general and administrative 20,753 1,498 - 19,255
------------ -------------- ------------- -------------
Operating income (loss) 2,322 572 3,182 4,932
Interest income 1,917 2 1,915
Interest expense (715) - - (715)
------------ -------------- ------------- -------------
Earnings from continuing operations before
income taxes 3,524 574 3,182 6,132
Income tax provision (benefit) 740 10 - 730
------------ -------------- ------------- -------------
Earnings from continuing operations 2,784 564 3,182 5,402
Discontinued operations, net of tax:
Loss from operations (73) (73)
Loss on sale (3,906) (3,906)
------------ -------------- ------------- -------------
Loss from discontinued operations (3,979) - - (3,979)
------------ -------------- ------------- -------------
Net earnings $ (1,195) $ 564 $ 3,182 $ 1,423
============ ============== ============= =============
Earnings (loss) per share--basic:
Earnings from continuing operations $ 0.18 $ 0.35
Loss from discontinued operations $ (0.26) (0.26)
------------ -------------
Net earnings (loss) per share $ (0.08) $ 0.09
------------ -------------
Weighted average shares outstanding--basic 15,301 15,301
============ =============
Earnings (loss) per share--diluted:
Earnings from continuing operations 0.18 $ 0.35
Loss from discontinued operations (0.26) (0.26)
------------ -------------
Net earnings (loss) per share (0.08) $ 0.09
------------ -------------
Weighted average shares outstanding--diluted 15,395 15,395
============ =============
</TABLE>
Notes to Unaudited Pro Forma Condensed Consolidated Statements of Operations
(a) To remove revenues and expenses of the GPS division.
(b) To remove intercompany royalty.
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