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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) : April 22, 1999
Commission file number: 333-41939
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STELLEX TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 13-3971931
(State or Other Jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
680 Fifth Avenue, 8th Floor
New York, New York 10019
(212) 931-5333
(Address, including zip code and telephone
number, including area code, of registrant's
principal executive offices)
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Stellex Industries, Inc., 1430 Broadway, 13th Floor, New York, New York 10018
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(former name and former address):
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EXPLANATORY NOTE:
This 8-K/A filing amends an 8-K filed on May 7, 1999. Item 7(b); the unaudited
Pro Forma consolidated Income Statement for the year ended December 31, 1998 is
hereby amended to correct mathematical errors in calculating Income before
taxes.
STELLEX TECHNOLOGIES, INC.
UNAUDITED PRO FORMA CONSOLIDATED INCOME STATEMENT
YEAR ENDED DECEMBER 31, 1998
(DOLLARS IN THOUSANDS)
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<CAPTION>
Stellex Phoenix Microwave Precision Pro Forma
Technologies (1) Corporation Machining, Inc. Pro Forma Stellex
Adjustments Technologies
<S> <C> <C> <C> <C> <C>
Net Sales $ 207,390 $ 14,752 $ 34,141 $ $ 256,283
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Cost of sales 148,324 9,082 20,354 (716) (a) 177,044
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Gross profit 59,066 5,670 13,787 716 79,239
Selling, general & admin 22,357 2,336 2,151 206 (b) 27,050
Research & development 5,068 1,490 - - 6,558
Amort of intangibles 4,983 28 - 2,630 (c) 7,641
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Operating income 26,658 1,816 11,636 (2,120) 37,990
Interest expense 20,259 120 514 6,681 (d) 27,844
Other expense (income) 104 (8) - (73) 23
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Income (loss) before tax 6,025 1,704 11,122 (8,728) 10,123
Provision for taxes 3,412 632 - 1,017 (e) 5,061
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Net income $ 2,613 $ 1,072 $ 11,122 $ (9,745) $ 5,062
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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.
Stellex Technologies, Inc.
(Registrant)
Dated: May 18, 1999 /s/ William L. Remley
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Vice Chairman, President, Chief
Executive Officer, Treasurer and
Director of Stellex Technologies, Inc.
