MICRON ELECTRONICS INC
10-K/A, 1995-11-01
COMPUTER PERIPHERAL EQUIPMENT, NEC
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                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, D. C. 20549
                                     
                                 FORM 10-K/A
                              Amendment No. 2
(Mark One)
[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE 
ACT OF 1934  [FEE REQUIRED]

For the fiscal year ended      August 31, 1995
                         ---------------------------------
                                    or
[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
    EXCHANGE ACT OF 1934  [NO FEE REQUIRED]
For the transition period from             to
                              -------------  -------------
Commission file number            0-17932
                      ------------------------------------

                         Micron Electronics, Inc.
            (Exact name of registrant as specified in charter)

    Minnesota                                           41-1404301
    ---------                                           ----------
(State or other                                     (I.R.S. Employer
jurisdiction of                                     Identification
incorporation or                                    No.)
organization)
                                     
900 East Karcher Road, Nampa, Idaho                          83687
- --------------------------------------------------------------------
(Address of principal executive offices)                  (Zip Code)
                                     
Registrant's telephone number, including area code    (208)463-3434
                                     
        Securities registered pursuant to Section 12(b) of the Act:
        Title of each class           Name of each exchange on which registered
Common Stock, $0.01 par value per share       The Nasdaq Stock Market
- ---------------------------------------       -----------------------

        Securities registered pursuant to section 12(g) of the Act:
                                   None
                                   ----
                             (Title of class)
                                     
     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 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.

     The aggregate market value of the voting stock held by non-affiliates of 
the registrant, based upon the closing price of the Company's Common Stock 
on August 31, 1995, as reported by The Nasdaq Stock Market, was approximately 
$234.4 million.  Shares of Common Stock held by each officer and director 
and by each person who owns 5% or more of the outstanding Common Stock have 
been excluded in that such persons may be deemed to be affiliates.  This 
determination of affiliate status is not necessarily a conclusive 
determination for other purposes.

     The number of outstanding shares of the registrant's Common Stock on 
August 31, 1995 was 91,431,392.

                    DOCUMENTS INCORPORATED BY REFERENCE
                                     
     Portions of the Proxy Statement for the Registrant's 1995 Annual Meeting 
of Shareholders to be held on November 20, 1995 are incorporated by reference 
to Part III of this Annual Report on Form 10-K.
<PAGE>                               
                                SIGNATURES


  Pursuant to the requirements of Section 13 or 15(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, in the
City of Nampa, State of Idaho, on the 1st day of November, 1995.

                            MICRON ELECTRONICS, INC.



                          By/s/ T. Erik Oaas
                            --------------------------------------
                            T. Erik Oaas, Vice President, Finance,
                            and Chief Financial Officer (Principal
                            Financial and Accounting Officer)





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