<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
(Mark one)
[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 (FEE REQUIRED)
OR
[ ] TRANSACTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED)
For the year ended December 31, 1994 Commission File No. 33-72024
ADIENCE, INC.
(Exact name of registrant as specified in the charter.)
Delaware 14-1671486
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification Number)
1305 Grandview Avenue
Pittsburgh, Pennsylvania 15211
(Address of registrant's principal executive offices)
Registrant's telephone number, including area code: 412-381-2600
Securities registered pursuant to Section 12(b) of the Act:
None
Securities registered pursuant to Section 12(g) of the Act:
None
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 and (2) has been subject to such filing
requirements for at least the past 90 days. Yes No X .
Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K 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 this Form 10-K. X .
Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Section 12, 13 or 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a plan
confirmed by a court. Yes X No .
The registrant estimates that as of March 29, 1995 the aggregate market
value of the shares of its Common Stock held by non-affiliates of the
registrant was approximately $1.5 million.
As of March 29, 1995, 10,100,000 shares of Common Stock of the registrant
were outstanding.
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of he Securities
Exchange Act of 1934, the Company has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
ADIENCE, INC.
By: /s/ Stephen M. Johnson
-------------------------------------
Stephen M. Johnson
President and Chief Operating Officer
Date: May 15, 1995
Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
Company in the capacities indicated as of March 29, 1995:
Name Capacity Date
/s/ Steven S. Elbaum Director May 15, 1995
- - - - ------------------------
Steven S. Elbaum
/s/ Gene E. Lewis Director May 15, 1995
- - - - ------------------------
Gene E. Lewis
/s/ Stephen M. Johnson President and May 15, 1995
- - - - ------------------------ Chief Operating Officer
Stephen M. Johnson (Principal Executive Officer)
/s/ Frances Stephen Vice President and Controller May 15, 1995
- - - - ------------------------
Frances Stephen
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
The schedule contains summary financial information extracted from the Adience,
Inc. December 31, 1994 Consolidated Financial Statements and is qualified in
its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000846972
<NAME> ADIENCE, INC.
<MULTIPLIER> 1,000
<S> <C> <C> <C> <C> <C>
<PERIOD-TYPE> OTHER 12-MOS 6-MOS 6-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1994 DEC-31-1994 DEC-31-1993 DEC-31-1993 DEC-31-1992
<PERIOD-END> DEC-31-1994 DEC-31-1994 DEC-31-1993 JUN-30-1993 DEC-31-1992
<CASH> $ 3,226 0<F2> 0<F2> 0<F2> 0<F2>
<SECURITIES> 0 0<F2> 0<F2> 0<F2> 0<F2>
<RECEIVABLES> 16,297 0<F2> 0<F2> 0<F2> 0<F2>
<ALLOWANCES> (835) 0<F2> 0<F2> 0<F2> 0<F2>
<INVENTORY> 9,817 0<F2> 0<F2> 0<F2> 0<F2>
<CURRENT-ASSETS> 34,195 0<F2> 0<F2> 0<F2> 0<F2>
<PP&E> 34,352 0<F2> 0<F2> 0<F2> 0<F2>
<DEPRECIATION> (6,619) 0<F2> 0<F2> 0<F2> 0<F2>
<TOTAL-ASSETS> 81,954 0<F2> 0<F2> 0<F2> 0<F2>
<CURRENT-LIABILITIES> 37,029 0<F2> 0<F2> 0<F2> 0<F2>
<BONDS> 46,450 0<F2> 0<F2> 0<F2> 0<F2>
<COMMON> 101 0<F2> 0<F2> 0<F2> 0<F2>
0 0<F2> 0<F2> 0<F2> 0<F2>
0 0<F2> 0<F2> 0<F2> 0<F2>
<OTHER-SE> (11,584) 0<F2> 0<F2> 0<F2> 0<F2>
<TOTAL-LIABILITY-AND-EQUITY> 81,954 0<F2> 0<F2> 0<F2> 0<F2>
<SALES> 0<F2> 0<F2> 0<F2> 0<F2> 0<F2>
<TOTAL-REVENUES> 0<F2> $96,273 $54,572 $44,431 $97,276
<CGS> 0<F2> 0<F2> 0<F2> 0<F2> 0<F2>
<TOTAL-COSTS> 0<F2> 84,468 47,779 35,928 81,262
<OTHER-EXPENSES> 0<F2> 18,962 17,953 10,097 20,949
<LOSS-PROVISION> 0<F2> 271 360 413 1,880
<INTEREST-EXPENSE> 0<F2> 7,653 3,781 2,271 13,302
<INCOME-PRETAX> 0<F2> (14,507) (15,432) 16,510 (25,932)
<INCOME-TAX> 0<F2> 319 (808) 260 (1,031)
<INCOME-CONTINUING> 0<F2> (14,826) (14,624) 16,250 (24,901)
<DISCONTINUED> 0<F2> (5,949) 257 (398) (4,956)
<EXTRAORDINARY> 0<F2> 0 0 17,480 0
<CHANGES> 0<F2> 0 0 0 0
<NET-INCOME> 0<F2> (20,775) (14,367) 33,332 (29,857)
<EPS-PRIMARY> 0<F2> (2.07) (1.44) 0<F1> 0<F1>
<EPS-DILUTED> 0<F2> 0<F2> 0<F2> 0<F2> 0<F2>
<FN>
<F1>Earnings per share are not meaningful due to reorganization and revaluation
entries and the issuance of new common stock.
<F2>Not applicable.
</FN>
</TABLE>
