SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
_ X _ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934 FOR THE YEAR ENDED DECEMBER 31, 1996
_ _ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934 FOR THE TRANSITION PERIOD _ _ _ TO _ _
Commission File Number 1-13732
SHARED TECHNOLOGIES CELLULAR, INC.
(Exact name of registrant as specified in its charter)
Delaware 06-1386411
(State or other jurisdiction of (I.R.S. Employer
Incorporation or organization) Identification No.)
100 Great Meadow Road, Suite 102
Wethersfield, Connecticut 06109
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(860) 258-2500
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, $.01 par value
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. [X]
The aggregate market value of the registrant's Common Stock held by
nonaffiliates as of March 19, 1997 was approximately $2,321,000, based on the
average of the closing bid and asked prices as reported on such date in the
over-the-counter market.
Indicate the number of shares outstanding of each of the registrant's classes
of Common Stock, as of March 19, 1997
5,112,737 shares of Common Stock
$.01 par value
The following document is hereby incorporated by reference into Part III of
this Form 10-K: The registrant's Proxy Statement for its Annual Meeting of
Stockholders to be held on May 23, 1997 to be filed with the Securities and
Exchange Commission in definitive form on or before April 30, 1997.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Shared Technologies Cellular, Inc.
By: /s/ Vincent DiVincenzo
Vincent DiVincenzo
Chief Financial Officer
Date: May 9, 1997
[TYPE] EX-27
[DESCRIPTION] ART. 5 FDS FOR YEAR END 10-K
[ARTICLE] 5
[MULTIPLIER] 1000
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-START] JAN-01-1996
[PERIOD-END] DEC-31-1996
[CASH] 144
[SECURITIES] 0
[RECEIVABLES] 3013
[ALLOWANCES] 1392
[INVENTORY] 80
[CURRENT-ASSETS] 2070
[PP&E] 3934
[DEPRECIATION] 1802
[TOTAL-ASSETS] 14362
[CURRENT-LIABILITIES] 11044
[BONDS] 0
[PREFERRED-MANDATORY] 0
[PREFERRED] 5
[COMMON] 49
[OTHER-SE] 0
[TOTAL-LIABILITY-AND-EQUITY] 14262
[SALES] 20914
[TOTAL-REVENUES] 20914
[CGS] 13629
[TOTAL-COSTS] 27801
[OTHER-EXPENSES] 950
[LOSS-PROVISION] 0
[INTEREST-EXPENSE] 906
[INCOME-PRETAX] (8774)
[INCOME-TAX] 22
[INCOME-CONTINUING] (8796)
[DISCONTINUED] 0
[EXTRAORDINARY] 0
[CHANGES] 0
[NET-INCOME] (3907)
[EPS-PRIMARY] (2.18)
[EPS-DILUTED] (2.18)
