U. S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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AMENDMENT NO. 1
TO
FORM 10-KSB
ANNUAL REPORT UNDER SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1996
Commission file number: 0 - 5460
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STOCKER & YALE, INC.
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(Name of small business issuer in its charter)
Massachusetts 04-2114473
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification number)
32 Hampshire Road
Salem, New Hampshire 03079
(Address of principal executive offices) (Zip Code)
(603) 893-8778
(Issuer's telephone number)
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Securities registered under Section 12(b) of the Act: None
Securities registered under Section 12(g) of the Act:
Common Stock, $0.001 par value
(Title of class)
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Check whether issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Exchange Act during the past 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been subject
to filing such requirements for the past 90 days. X Yes No
--- ---
Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure will be contained, to
the best of the registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of Form 10-KSB.[ ]
The registrant's revenues for the fiscal year ended December 31, 1996 were
$10,782,078.
The aggregate market value of the voting stock held by non-affiliates of the
Registrant as of March 14, 1997 was $9,153,543 based on the price per share of
such stock reported at closing on the Nasdaq SmallCap Market on that date.
As of March 25, 1997 there were 2,567,894.6 shares of the issuer's common stock
outstanding.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the Registrant's Proxy Statement (the "Proxy Statement") for the
Annual Meeting of Shareholders to be held on May 6, 1997, to be filed with
Securities and Exchange Commission under the Securities Exchange Act of 1934,
as amended, which is anticipated to be filed within 120 days after the
Registrant's fiscal year ended December 31, 1996, are incorporated by reference
into Items, 9, 10, 11 and 12 of Part III.
<PAGE>
EXPLANATORY NOTE
----------------
This Amendment No. 1 on Form 10-KSB/A to Annual Report on Form 10-K, as filed
with the Commission on March 28, 1997, is being filed for the purpose of filing
the Financial Data Schedule to the Annual Report on Form 10-K.
<PAGE>
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereto duly
authorized.
Stocker & Yale, Inc.
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May 6, 1997 /s/ Mark W. Blodgett
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Mark W. Blodgett, Chairman and
Chief Executive Officer
May 6, 1997 /s/ Susan A.H. Sundell
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Susan A.H. Sundell,
Senior Vice President-Finance
and Treasurer
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<CASH> 1,244,418
<SECURITIES> 0
<RECEIVABLES> 1,410,774
<ALLOWANCES> 0
<INVENTORY> 3,701,019
<CURRENT-ASSETS> 6,841,357
<PP&E> 3,134,717
<DEPRECIATION> 0
<TOTAL-ASSETS> 19,836,364
<CURRENT-LIABILITIES> 2,278,344
<BONDS> 0
0
0
<COMMON> 2,568
<OTHER-SE> 11,956,509
<TOTAL-LIABILITY-AND-EQUITY> 19,836,364
<SALES> 10,782,078
<TOTAL-REVENUES> 10,782,078
<CGS> 6,909,266
<TOTAL-COSTS> 4,247,230
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 546,770
<INCOME-PRETAX> (921,188)
<INCOME-TAX> (277,892)
<INCOME-CONTINUING> (643,296)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (643,296)
<EPS-PRIMARY> (0.34)
<EPS-DILUTED> 0
</TABLE>
