SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-KSB/A
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the Fiscal Year Ended June 30, 1996
Commission File Number 001-10647
PRECISION OPTICS CORPORATION, INC.
(Name of small business issuer in its charter)
MASSACHUSETTS 04-279-5294
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
22 EAST BROADWAY
GARDNER, MASSACHUSETTS 01440
(Address of principal executive offices) (Zip Code)
Issuer's telephone number is (508) 630-1800
Securities registered pursuant to Section 12(b) of the Act:
Name of each exchange on
Title of each class which registered
COMMON STOCK, $.01 PAR VALUE BOSTON STOCK EXCHANGE, INC.
Securities registered pursuant to Section 12(g) of the Act: None
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15 of the Exchange Act during the past 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
Check if no disclosure of delinquent filers to Item 405 of Regulation
S-B is contained in this form, and no disclosure will 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-KSB or any amendment to
this Form 10-KSB. X
The issuer's revenues for its most recent fiscal year were $8,055,271.
The aggregate market value of the voting stock, consisting solely of
common stock, held by non-affiliates of the issuer computed by reference to the
closing price of such stock was $7,808,409 as of June 30, 1996.
The number of shares of outstanding common stock of the issuer as of
August 31, 1996 was 5,980,502.
Page 1 of 3
<PAGE>
SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Date: November 4, 1996 PRECISION OPTICS CORPORATION, INC.
By:/s/ Richard E. Forkey
Richard E. Forkey
Chairman of the Board and Chief
Executive Officer
In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By:/s/ Richard E. Forkey By:/s/ Jack P. Dreimiller
Richard E. Forkey Jack P. Dreimiler
President, Treasurer and Senior Vice President, Finance
Director (Principal and Chief Financial Officer
Executive Officer) (Principal Financial and
Accounting officer)
November 4, 1996 November 4, 1996
- --------------------- ----------------
Date Date
By:/s/ Joel R. Pitlor By:/s/ Edward A. Benjamin
Joel R. Pitlor Edward A. Benjamin
Director Director
November 4, 1966 November 4, 1996
- -------------------- ----------------
Date Date
By:/s/ Robert R. Shannon
Robert R. Shannon
Director
November 4, 1996
Date
-2-
<PAGE>
EXHIBIT INDEX
Exhibit Number Description
27 Financial Data Schedule
-3-
<PAGE>
<TABLE> <S> <C>
<CAPTION>
<S> <C>
<ARTICLE> 5
<MULTIPLIER> 1
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> JUN-30-1996
<CASH> 2,617,813
<SECURITIES> 0
<RECEIVABLES> 1,139,804
<ALLOWANCES> 82,000
<INVENTORY> 1,863,694
<CURRENT-ASSETS> 5,815,271
<PP&E> 2,617,706
<DEPRECIATION> 1,531,228
<TOTAL-ASSETS> 7,082,620
<CURRENT-LIABILITIES> 1,326,296
<BONDS> 361,627
0
0
<COMMON> 59,805
<OTHER-SE> 5,417,570
<TOTAL-LIABILITY-AND-EQUITY> 7,082,620
<SALES> 8,055,271
<TOTAL-REVENUES> 8,055,271
<CGS> 5,592,871
<TOTAL-COSTS> 5,592,871
<OTHER-EXPENSES> 2,128,155
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 16,639
<INCOME-PRETAX> 441,710
<INCOME-TAX> 36,000
<INCOME-CONTINUING> 405,710
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 405,710
<EPS-PRIMARY> .07
<EPS-DILUTED> .07
</TABLE>
