UNITED STATES 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
For the fiscal year ended December 31, 1997
___________________________________________________
( ) Transition Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
For the transition period from _____________________ to ____________________
Commission File No. 0-5265
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SCAN-OPTICS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 06-0851857
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
169 Progress Drive, Manchester, CT 06040
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(Address of principal executive offices) Zip Code
(860) 645-7878
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(Registrant's telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act: None
__________________
Securities registered pursuant to Section 12(g) of the Act:
Common stock, $.02 par value
____________________________
(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. ( X ) YES ( ) 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. [X]
The aggregate market value of the voting stock (common) held by non-affiliates
of the registrant: $53,687,259 as of February 20, 1998.
The number of shares of common stock, $.02 par value, outstanding as of
February 20, 1998 was 7,218,455.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this annual report to be signed on
its behalf by the undersigned, thereunto duly authorized.
SCAN-OPTICS, INC.
Registrant
By: /s/ James C. Mavel
James C. Mavel
Chairman, Chief Executive Officer,
President and Director
Date: March 4, 1998
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
Registrant in the capacities and on the dates indicated.
/s/ James C. Mavel
James C. Mavel Chairman, Chief Executive Officer,
President and Director
(Principal Executive Officer)
Date: March 4, 1998
/s/ Michael J. Villano
Michael J. Villano Chief Financial Officer, Vice President
and Treasurer
(Principal Financial and Accounting Officer)
Date: March 4, 1998
/s/ Logan Clarke, Jr.
Logan Clarke, Jr. Director March 4, 1998
/s/ Richard J. Coburn
Richard J. Coburn Director March 4, 1998
/s/ E. Bulkeley Griswold
E. Bulkeley Griswold Director March 4, 1998
Lyman C. Hamilton, Jr. Director March 4, 1998
Robert H. Steele Director March 4, 1998
A majority of the Directors
