-----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, PqXqLmQOZTfDnn7YyyupNwZVUAkiJ/5G46nFfIn/NE459vQ2qdJQHQDqYLFlEW00 oXmstxFSfzxugTvlnp6uEQ== 0000912057-95-010611.txt : 19951202 0000912057-95-010611.hdr.sgml : 19951202 ACCESSION NUMBER: 0000912057-95-010611 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19950929 FILED AS OF DATE: 19951130 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: RICHEY ELECTRONICS INC CENTRAL INDEX KEY: 0000320591 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 953335821 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-09788 FILM NUMBER: 95598216 BUSINESS ADDRESS: STREET 1: 7441 LINCOLN WAY STE 100 CITY: GARDEN GROVE STATE: CA ZIP: 92641 BUSINESS PHONE: 7148988288 MAIL ADDRESS: STREET 1: 7441 LINCOLN WAY CITY: GARDEN GROVE STATE: CA ZIP: 92641 FORMER COMPANY: FORMER CONFORMED NAME: BRAJDAS CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: MICRO Z CORP DATE OF NAME CHANGE: 19840611 10-Q/A 1 FORM 10Q/A FORM 10-Q/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 29, 1995 Commission File Number: 0-9788 RICHEY ELECTRONICS, INC. ------------------------------------------------------ (Exact name of registrant as specified in its charter) DELAWARE 33-0594451 --------------------------------- ------------------- (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification No.) 7441 LINCOLN WAY, GARDEN GROVE, CALIFORNIA 92641 -------------------------------------------------------- (Address of Principal Executive Office) (Zip Code) (714) 898-8288 ---------------------------------------------------- (Registrant's Telephone Number, including Area Code) 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 ---- ----- APPLICABLE ONLY TO CORPORATE ISSUERS: Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. As of November 29, 1995, 9,054,329 shares of the registrant's Common Stock, $0.001 par value, were issued and outstanding. RICHEY ELECTRONICS, INC. CONDENSED BALANCE SHEETS (UNAUDITED)
September 29, December 31, 1995 1994 ------------- ------------ ASSETS CURRENT ASSETS Cash and cash equivalents $ 1,776,000 $ 9,000 Trade receivables 14,239,000 11,167,000 Inventories 17,358,000 14,913,000 Deferred income taxes 1,427,000 1,427,000 Other current assets 345,000 435,000 ----------- ----------- Total current assets $35,145,000 $27,951,000 ----------- ----------- LEASEHOLD IMPROVEMENTS, EQUIPMENT FURNITURE AND FIXTURES, net $ 1,931,000 $ 1,017,000 ----------- ----------- OTHER ASSETS AND INTANGIBLES Deferred income taxes $ 2,430,000 $ 2,430,000 Intangibles, less accumulated amortization of $1,722,000 and $1,439,000, respectively 1,987,000 3,261,000 Goodwill 757,000 260,000 Deposits and other 82,000 94,000 ----------- ----------- $ 5,256,000 $ 6,045,000 ----------- ----------- $42,332,000 $35,013,000 ----------- ----------- ----------- ----------- LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Current maturities of subordinated notes payable $ 0 $ 1,600,000 Notes payable, revolving line of credit 3,131,000 8,843,000 Accounts payable 10,262,000 10,457,000 Accrued expenses 1,756,000 1,734,000 ----------- ----------- Total current liabilities $15,149,000 $22,634,000 ----------- ----------- SUBORDINATED NOTES PAYABLE $ 0 $ 3,594,000 ----------- ----------- STOCKHOLDERS' EQUITY Preferred Stock, $0.001 par value, authorized 10,000 shares, issued none $ 0 $ 0 Common Stock, $0.001 par value, authorized 30,000,000 shares, issued and outstanding 9,054,000 shares 9,000 6,000 Additional paid-in-capital 20,976,000 5,240,000 Retained earnings 6,198,000 3,539,000 ----------- ----------- Total stockholders' equity $27,183,000 $ 8,785,000 ----------- ----------- $42,332,000 $35,013,000 ----------- ----------- ----------- -----------
* December 31, 1994 Goodwill of $260,000 and September 29, 1995 Deposits and other of $82,000 were reversed in the original filing of the Form 10-Q. This amendment corrects the error. SEE NOTES TO CONDENSED FINANCIAL STATEMENTS 2 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 thereunto duly authorized. RICHEY ELECTRONICS, INC. (Registrant) By /s/ Richard N. Berger --------------------- Richard N. Berger Vice President, Chief Financial Officer and Secretary November 29, 1995 3 -----END PRIVACY-ENHANCED MESSAGE-----