CABLE DESIGN TECHNOLOGIES CORP
10-K/A, 1996-11-15
DRAWING & INSULATING OF NONFERROUS WIRE
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<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
                    For the fiscal year ended July  31, 1996
                                       or
[_]  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. 0-22724
                     CABLE DESIGN TECHNOLOGIES CORPORATION
             (Exact Name of Registrant as Specified in Its Charter)


      DELAWARE                                           36-3601505
(State or Other Jurisdiction of                     (I.R.S. Employer
Incorporation or Organization)                   Identification No.)

                                 FOSTER PLAZA 7
                               661 ANDERSEN DRIVE
                             PITTSBURGH, PA  15220
             (Address of Principal Executive Offices and Zip Code)

                                 (412) 937-2300
              (Registrant's Telephone Number, Including Area Code)

Securities registered pursuant to Section 12(b) of the Act:

                                                           Name of Each Exchange
    Title of Each Class                                      on Which Registered
    -------------------                                      -------------------
Common Stock, $.01 par value          National Association of Securities Dealers
                                                      Automated Quotation System
                                                        (National Market System)
                                                                ("NASDAQ / NMS")

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 proceeding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirement 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 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.                                                                   [ ]

- --------------------------------------------------------------------------------

                                                                Page 1 of ______
<PAGE>
 
The aggregate market value of the registrant's voting stock held by 
non-affiliates of the registrant at September 30, 1996, is $516,772,935.

The number of shares outstanding of the registrant's Common Stock at September
30, 1996, is 18,188,210.



                      DOCUMENTS INCORPORATED BY REFERENCE


Portions of the Cable Design Technologies Corporation Proxy Statement for the
Annual Meeting of Shareholders to be held on December 10, 1996, (the "Proxy
Statement") are incorporated by reference into Part III.

Portions of the 1996 Cable Design Technologies Corporation Annual Report to
Shareholders (the "1996 Annual Report") are incorporated by reference into Parts
I, II and IV.
<PAGE>
 
   The undersigned hereby amends Item 14 of its Annual Report on Form 10-K for
the fiscal year ended July 31, 1996 by replacing page 29 of Exhibit 13.1 (CDT
1996 Annual Report to Stockholders) included in the original filing with page 29
attached hereto.
<PAGE>
 
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, thereto duly authorized.


Cable Design Technologies Corporation


By:/s/  Paul M. Olson                                          November 15, 1996
   ------------------                          
     Paul M. Olson
     President and Chief Executive Officer


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 and
in the capacities and on the dates indicated.

<TABLE>
<CAPTION>
SIGNATURE                       TITLE                                         DATE
<S>                             <C>                                           <C> 
                                                                              
                                                                              
/s/  Bryan C. Cressey           Chairman of the Board                         November 15, 1996
- --------------------------      Director                                      
Bryan C. Cressey                                                              
                                                                              
/s/  Paul M. Olson              Director, President Chief                     November 15, 1996
- --------------------------      Executive Officer (Principal                  
Paul M. Olson                   Executive Officer)                            
                                                                              
/s/  Kenneth O. Hale            Vice President, Chief Financial               November 15, 1996
- --------------------------      Officer, Secretary (Principal Financial                        
Kenneth O. Hale                 and Principal Accounting Officer)                              
                                                                                               
                                                                                               
/s/  Bernard J. Bannan          Director                                      November 15, 1996
- --------------------------                                                                     
Bernard J. Bannan                                                                              
                                                                                               
                                                                                               
/s/  Myron S. Gelbach, Jr.      Director                                      November 15, 1996
- --------------------------                                                                     
Myron S. Gelbach, Jr.                                                                          
                                                                                               
                                                                                               
/s/  Michael F. O. Harris       Director                                      November 15, 1996
- --------------------------                                                                     
Michael F. O. Harris                                                                           
                                                                                               
                                                                                               
/s/  Glenn Kalnasy              Director                                      November 15, 1996
- --------------------------                                                                     
Glenn Kalnasy                                                                                  
                                                                                               
                                                                                               
/s/  Richard C. Tuttle          Director                                      November 15, 1996 
- --------------------------                                     
Richard C. Tuttle
</TABLE> 

<PAGE>
 
                                 Exhibit 13.1


                                                                         page 29


10.   STOCK BENEFIT  The Company maintains a Stock Purchase and Option Plan (the
      PLANS          "Former Plan") which was terminated as to future grants
                     effective upon completion of the Company's initial public
                     offering on November 24, 1993 (the "Initial Public
                     Offering"). As of the grant termination date, 2,777,696
                     options had been granted under the Former Plan to
                     directors, executives and other key employees of the
                     Company. Options issued under the Former Plan have an
                     exercise price equal to the fair market value of the common
                     stock on the date of grant (July 1988 through September
                     1992) and expire on the earlier of ten years after date of
                     grant or ten days after termination of employment.
                     Substantially all of the outstanding options became fully
                     vested as of the date of the Initial Public Offering.

                     A new Long-Term Performance Incentive Plan (the "Stock
                     Option Plan") was adopted September 23, 1993, and provides
                     for the granting to employees and other key individuals the
                     following types of incentive stock awards: stock options,
                     stock appreciations rights, restricted stock, performance
                     units and grants and other types of awards. The Stock
                     Option Plan is scheduled to terminate in ten years from the
                     date of adoption but may be extended another five years by
                     the Company's Board of Directors for the grant of awards
                     other than incentive stock options. Employee rights to
                     grants pursuant to the Stock Option Plan are forfeited if a
                     recipient's employment terminates within a specified period
                     following the grant. An aggregate of 436,722 shares of
                     common stock were reserved for issuance pursuant to the
                     Stock Option Plan. In fiscal 1995 and fiscal 1996, non-
                     qualified stock options of 150,000 and 270,600,
                     respectively, were granted to various employees. The terms
                     of the stock options include ratable vesting over five
                     years and an exercise price equal to the fair market value
                     of the stock at the date of grant.

                     A new Supplemental Long Term Performance Incentive Plan
                     (the "Supplemental Plan") was adopted in December 1995 and
                     authorizes the grant of awards with respect to 1,200,000
                     shares of common stock. 750,000 shares are to be reserved
                     for grants only to new members of the Company's management
                     who are employed in connection with acquisitions by the
                     Company. Under the Supplemental Plan, and in conjunction
                     with acquisitions completed by the Company in fiscal 1996,
                     the Company granted 399,400 options under the Supplemental
                     Plan in fiscal 1996.

                     Additionally, in December 1995 the Company adopted the Non-
                     Employee Director Stock Plan (the "Non-Employee Plan"). The
                     Non-Employee Plan provides that shares of common stock
                     having a fair market value of $15,000 be granted annually
                     to each non-employee director each August 1. There were
                     2,250 shares granted under the Non-Employee Plan in fiscal
                     1996.



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