Form 8-K

-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RePaf4gQm2bky4zg2oIcs03yuCT9GwGgtPAhZ3ZJjFcu11URp/l1h8ZSiQkOyizT LhxpL0CaBRa2VOaOLtpgNw== 0001193125-04-143078.txt : 20040818 0001193125-04-143078.hdr.sgml : 20040818 20040818153810 ACCESSION NUMBER: 0001193125-04-143078 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040817 ITEM INFORMATION: Other events FILED AS OF DATE: 20040818 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CERADYNE INC CENTRAL INDEX KEY: 0000018937 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990] IRS NUMBER: 330055414 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13059 FILM NUMBER: 04984223 BUSINESS ADDRESS: STREET 1: 3169 RED HILL CITY: COSTA MESA STATE: CA ZIP: 92626 BUSINESS PHONE: 7145490421 MAIL ADDRESS: STREET 2: 3169 RED HILL CITY: COSTA MESA STATE: CA ZIP: 92626 8-K 1 d8k.htm FORM 8-K Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

August 17, 2004

CERADYNE, INC.

(Exact name of registrant as specified in its charter)

Delaware

000-13059

33-0055414

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)


3169 Red Hill Avenue, Costa Mesa, CA		92626
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (714) 549-0421

Item 5. Other Events

On March 9, 2004, Ceradyne’s Board of Directors approved a 3-for-2 stock split of our common stock in the form of a 50% stock dividend. The stock dividend was distributed on April 7, 2004 to stockholders of record as of the close of business on March 30, 2004.

Set forth below is selected consolidated statement of income data for the years ended December 31, 2003, 2002, 2001, 2000 and 1999. This selected consolidated financial data was included in our Annual Report on Form 10-K for the year ended December 31, 2003. However, all share and per share amounts set forth below have been restated to give retroactive effect to the 3-for-2 stock split of our common stock in the form of a 50% stock dividend distributed on April 7, 2004:


	Year Ended December 31,
	2003			2002			2001			2000			1999
	(in thousands, except per share data)
Statement of Income Data
Net sales	$	101,473		$	61,238		$	45,339		$	45,930		$	30,382
Cost of product sales		72,124			48,157			32,852			33,743			23,674

Gross profit		29,349			13,081			12,487			12,187			6,708
Operating expenses:
Selling		2,440			2,069			2,036			1,605			1.480
General and administrative		7,799			4,963			4,897			4,456			3,400
Research and development		2,111			2,080			1,083			1,252			597

Total operating expenses		12,350			9,112			8,016			7,313			5,477

Income from operations		16,999			3.969			4,471			4,874			1,231
Other income (expense):
Royalty income		151			216			165			148			200
Interest income		136			14			186			209			144
Miscellaneous		34			35			41			—			—
Interest expense		(32	)		(102	)		(26	)		(34	)		(16	)

Total other income (expense)		289			163			366			323			328

Income before provision (benefit) for income taxes		17,288			4,132			4,837			5,197			1,559
Provision (benefit) for income taxes		6,051			1,447			808			104			(44	)

Net income	$	11,237		$	2,685		$	4,029		$	5,093		$	1,603

Net income per share:
Basic	$	0.79		$	0.21		$	0.32		$	0.41		$	0.13

Diluted	$	0.77		$	0.20		$	0.31		$	0.40		$	0.13

Weighted average number of shares outstanding:
Basic		14,295			12,729			12,518			12,318			12,105
Diluted		14,600			13,139			13,097			12,593			12,284

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.


	CERADYNE, INC.

August 18, 2004	By:	/s/ Jerrold J. Pellizzon
		Jerrold J. Pellizzon
		Chief Financial Officer and Secretary

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