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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For Quarter Ended June 30, 1996
Commission File Number 0-20003
SIMULA, INC.
(Exact name of registrant as specified in its charter)
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Arizona 86-0320129
(State of Incorporation) (I.R.S. Employer Identification No.)
2700 N. Central Ave., Suite 1000, Phoenix, Arizona 85004
(Address of principal executive office) (Zip Code)
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(602) 631-4005
(Registrant's telephone number,
including area code)
829206 10 1
(CUSIP Number)
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 past 90 days.
(1) YES X NO
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(2) YES X NO
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Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date:
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Outstanding at
Class June 30, 1996
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Common Stock, $.01 par value 8,966,442
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SIMULA, INC.
INDEX
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PAGE
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Item 6 - Exhibits ....................................................... 3
SIGNATURE................................................................ 4
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SIMULA, INC.
ITEM 6. EXHIBITS.
Exhibit 18 - Letter re change in accounting principles.
11
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SIMULA, INC.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report on Form 10-Q for the quarter ended June
30, 1996 to be signed on its behalf by the undersigned thereunto duly
authorized.
SIMULA, INC.
DATE: October 3, 1996 /s/ Donald W. Townsend
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DONALD W. TOWNSEND
President
Chief Operating Officer
/s/ Sean K. Nolen
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SEAN K. NOLEN
Chief Financial Officer
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[DELOITTE & TOUCHE LLP LETTERHEAD]
August 6, 1996
Simula, Inc.
2700 North Central Avenue
Phoenix, Arizona
Dear Sirs:
At your request, we have read the description included in your Quarterly Report
on Form 10-Q to the Securities and Exchange Commission for the quarter ended
June 30, 1996, of the facts relating to the Company's accounting change
described as follows:
During the second quarter of 1996, the Company adopted a new method of
accounting for pre contract costs. Pre contract costs represent amounts
applicable to products and technologies which represent adaptations of
existing capabilities to the requirements of the Company's customers.
The Company will now expense these costs as they are incurred.
This change is made due to current practice in Simula's segment of the
industry.
We believe, on the basis of the facts so set forth and other information
furnished to us by appropriate officials of the Company, that the accounting
change described in your Form 10-Q is to an alternative accounting principle
that is preferable under the circumstances.
We have not audited any consolidated financial statements of Simula, Inc. and
its consolidated subsidiaries as of any date or for any period subsequent to
December 31, 1995. Therefore, we are unable to express, and we do not express,
an opinion on the facts set forth in the above-mentioned Form 10-Q, on the
related information furnished to us by officials of the Company, or on the
financial position, results of operations, or cash flows of Simula, Inc. and its
consolidated subsidiaries as of any date or for any period subsequent to
December 31, 1995.
Yours truly,
/s/ Deloitte & Touche LLP
Phoenix, Arizona
