-----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, MDuLStHdAZ830swqwyrZ9syagIolmE+n+uSWFrMKQYxqxsfRmsHGKevVO6CGZ1o8 SjC2b+/NYMxT0GIoDwph5A== 0000950115-96-000711.txt : 19960520 0000950115-96-000711.hdr.sgml : 19960520 ACCESSION NUMBER: 0000950115-96-000711 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960315 ITEM INFORMATION: Other events FILED AS OF DATE: 19960517 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADAGE INC CENTRAL INDEX KEY: 0000002186 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600] IRS NUMBER: 042225121 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-07336 FILM NUMBER: 96569027 BUSINESS ADDRESS: STREET 1: 625 WILLOWBROOK LANE CITY: WEST CHESTER STATE: PA ZIP: 19382 BUSINESS PHONE: 2154303900 MAIL ADDRESS: STREET 1: 625 WILLOWBROOK LANE STREET 2: 625 WILLOWBROOK LANE CITY: WEST CHESTER STATE: PA ZIP: 19382 8-K 1 CURRENT REPOR 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) March 15, 1996 --------------------- Adage, Inc. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Pennsylvania 33-31797 04-2225121 ------------ -------- ---------- (State or other jurisdiction of (Commission (I.R.S. Employer Incorporation or organization) File Number) Identification Number) 400 Willowbrook Lane, West Chester, Pa 19382 - ----------------------------------------- ---------- (Address of principal executive officers) (Zip Code) Registrant's telephone number, including area code 610-430-3900 ---------------- - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) ITEM 5 - OTHER EVENTS THE REGISTRANT ISSUED A PRESS RELEASE DATED MARCH 14, 1996 REPORTING FIRST QUARTER 1996 EARNINGS. THE PRESS RELEASE IS APPENDED AS EXHIBIT 1. ADAGE, INC. Condensed Financial Statement (Unaudited) ($000 Omitted - Except Per Share Data) THREE MONTHS ENDED March 31, 1996 1995 --------- ----------- Sales $ 21,402 $ 20,267 ========= =========== Cost of Sales $ 16,471 $ 16,407 ========= =========== Net Income (Loss) from Continuing Operations $ 202 $ (254) ========= =========== Income from Discontinued Operations $ -- $ 376 ========= =========== Net Income $ 202 $ 122 ========= =========== Per Share Continuing Operations $ .04 $ (.05) Discontinued Operations $ -- $ .07 --------- ----------- Net Income $ .04 $ .02 ========= =========== Weighted Average Common Shares Outstanding 5,125,234 5,107,846 ========= =========== Pursuant to the requirements of securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ADAGE, INC. /s/ Robert T. Holland --------------------------- Robert T. Holland Vice President - Finance Date: May 15, 1996 EX-99.1 2 PRESS RELEASE EXHIBIT 1 Summary: Adage, Inc. (NASDAQ) Sales increase 5.6% in first quarter. Earnings improve. [LETTERHEAD OF ADAGE, INC.] Company Contact: Donald F.U. Goebert Chairman & President Adage, Inc. (610) 430-3900 FOR IMMEDIATE RELEASE: WEST CHESTER, PENNSYLVANIA, May 14, 1996..... ADAGE, INC. (NASDAQ:ADGE), Donald Goebert, President of Adage, Inc., announced today that sales for the first quarter of 1996 were $21,400,000 compared with $20,300,000 for the first quarter of 1995. Earnings from continuing operations were $202,000 or $0.04 per share compared with a loss of $254,000 or ($0.05) per share in 1995. RELM Communications, Inc. had record sales for the first quarter which improved operating efficiencies and lowered manufacturing costs. RELM Communications has been building a significant backlog of orders to be delivered through the first quarter of 1997. Fort Orange Paper Co. was able to significantly improve operating margins as the cost of recycled fiber has steadily decreased from its peak in the third quarter of 1995. Sales and earnings are expected to improve in 1996. Adage, Inc. is a producer of wireless communications equipment, electronic products and recycled paperboard. # # # -----END PRIVACY-ENHANCED MESSAGE-----