-----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, L0oLfkuejtbGpYAnkwOxu5l0jL6IaR97y3UkAFD2GJEi30IVElK5AnAm5Htr1Tne fQjiFifdsjMBRF0Jy28+Fw== /in/edgar/work/20000814/0000032312-00-000025/0000032312-00-000025.txt : 20000921 0000032312-00-000025.hdr.sgml : 20000921 ACCESSION NUMBER: 0000032312-00-000025 CONFORMED SUBMISSION TYPE: 10QSB/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000630 FILED AS OF DATE: 20000814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EMCEE BROADCAST PRODUCTS INC CENTRAL INDEX KEY: 0000032312 STANDARD INDUSTRIAL CLASSIFICATION: [3663 ] IRS NUMBER: 131926296 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 10QSB/A SEC ACT: SEC FILE NUMBER: 001-06299 FILM NUMBER: 699528 BUSINESS ADDRESS: STREET 1: P O BOX 68 STREET 2: SUSQUEHANNA STREET EXTENSION WEST CITY: WHITE HAVEN STATE: PA ZIP: 18661-0068 BUSINESS PHONE: 5404439575 MAIL ADDRESS: STREET 1: P O BOX 68 STREET 2: SUSQUEHANNA STREET EXTENSION CITY: WHITE HAVEN STATE: PA ZIP: 18661 FORMER COMPANY: FORMER CONFORMED NAME: ELECTRONICS MISSILES & COMMUNICATIONS INC DATE OF NAME CHANGE: 19920703 10QSB/A 1 0001.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-QSB/Amendment No. 2 Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2000 Commission file number 1-6299 EMCEE Broadcast Products, Inc. (Exact name of registrant as specified in its charter) Delaware 13-1926296 (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification No.) Registrant's telephone number, including area code: 570-443-9575 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 Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practical date: Common stock, $ .01-2/3 par value - 4,019,409 shares as of August 11, 2000. EMCEE BROADCAST PRODUCTS, INC. AND SUBSIDIARIES I N D E X PAGE(S) PART I. FINANCIAL INFORMATION: CONSOLIDATED BALANCE SHEETS - June 30, 2000 and March 31, 2000 3 CONSOLIDATED STATEMENTS OF INCOME (LOSS) - Three Months ended June 30, 2000 and 1999 4 CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - Three Months ended June 30, 2000 5 CONSOLIDATED STATEMENTS OF CASH FLOWS - Three Months ended June 30, 2000 and 1999 6 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 7 INDEPENDENT ACCOUNTANTS' REPORT 8 MANAGEMENT'S DISCUSSION AND ANALYSIS OF THE FINANCIAL CONDITION AND RESULTS OF OPERATIONS 9 - 12 PART II. OTHER INFORMATION: SIGNATURES 13 NOTE: Any questions concerning this report should be addressed to Mr. Allan J. Harding, Vice President-Finance.
PART I. FINANCIAL INFORMATION EMCEE BROADCAST PRODUCTS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - JUNE 30, 2000 and MARCH 31, 2000 - JUNE 30,2000 MARCH 31,2000 Unaudited ASSETS CURRENT ASSETS: Cash and cash equivalents $75,105 $261,304 U. S. Treasury Bills 1,585,704 1,773,600 Accounts receivable, net of allowance for doubtful accts. June -$82,000/ March-$70,000 2,335,970 1,452,279 Inventories 3,683,333 3,080,313 Prepaid expenses 112,119 80,113 Income taxes refundable 497,000 402,000 Deferred income taxes 248,000 220,000 ------------------------- TOTAL CURRENT ASSETS 8,537,231 7,269,609 PROPERTY, PLANT & EQUIPMENT: Land & land improvements 246,841 246,841 Building 617,475 617,475 Machinery & equipment 2,183,674 1,925,042 ------------------------- 3,047,990 2,789,358 Less accumulated depreciation 2,316,639 2,249,467 ------------------------- NET PROPERTY, PLANT & EQUIPMENT 731,351 539,891 ------------------------- OTHER ASSETS 1,401,637 1,292,448 ------------------------- NOTE RECEIVABLE 529,000 525,000 Less deferred portion (529,000) (525,000) ------------------------- 0 0 ------------------------- TOTAL ASSETS $10,670,219 $9,101,948 ========================== LIABILITIES & SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Current portion of long-term debt $106,000 $106,000 Notes payable (line of credit) 1,100,000 -- Accounts payable 569,153 368,671 Accrued expenses: Payroll and related expense 216,096 214,316 Other 615,007 437,836 Deposits from customers 281,574 64,247 ------------------------ TOTAL CURRENT LIABILITIES 2,887,830 1,191,070 ------------------------ LONG-TERM DEBT, net of current portion 569,954 596,354 ------------------------ SHAREHOLDERS' EQUITY: Common stock issued, $.01-2/3 par; authorized 9,000,000 shares;issued- 4,406,361 shares 73,450 73,450 Additional paid-in capital 3,583,484 3,583,484 Retained earnings 5,244,086 5,518,241 ------------------------- 8,901,020 9,175,175 Less shares held in treasury at cost: 364,752 shares June '00 and 401,764 shares Mar '00 1,688,585 1,860,651 -------------------------- TOTAL SHAREHOLDERS' EQUITY 7,212,435 7,314,524 -------------------------- TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $10,670,219 $9,101,948 =========================== SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
EMCEE BROADCAST PRODUCTS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (LOSS) THREE MONTHS ENDED JUNE 30, 2000 AND 1999 (Unaudited) THREE (3) MONTHS 06/30/00 06/30/99 NET SALES $1,680,281 $812,425 COST OF PRODUCTS SOLD 1,339,912 705,012 ---------------------------- GROSS PROFIT 340,369 107,413 ---------------------------- OPERATING EXPENSES: Selling 254,079 229,892 General and administrative 367,811 225,677 Research and development 118,444 76,485 ---------------------------- TOTAL OPERATING EXPENSES 740,334 532,054 ---------------------------- LOSS FROM OPERATIONS (399,965) (424,641) ---------------------------- OTHER INCOME (EXPENSE), NET: Interest expense (30,370) (18,864) Interest income 36,403 40,335 Other (2,923) 4,693 ---------------------------- TOTAL OTHER INCOME, NET 3,110 26,164 ---------------------------- NET LOSS BEFORE INCOME TAXES (396,855) (398,477) INCOME TAX EXPENSE (BENEFIT) (122,700) (98,150) ---------------------------- NET LOSS $(274,155) $(300,327) COMMON SHARE AND COMMON SHARE EQUIVALENT OUTSTANDING: Basic 4,035,184 3,982,397 ============================= Diluted 4,037,266 3,982,397 ============================= LOSS PER COMMON AND COMMON SHARE EQUIVALENT: Basic $(.07) $(.08) ============================= Diluted $(.07) $(.08) ============================= SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
EMCEE BROADCAST PRODUCTS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY THREE MONTHS ENDED JUNE 30, 2000 (Unaudited) ADDITIONAL COMMON STOCK PAID-IN RETAINED TREASURY STOCK SHARES AMOUNT CAPITAL EARNINGS SHARES AMOUNT TOTAL --------------------------------------------------------------- BALANCE- 3/31/00 4,406,361 $73,450 $3,583,484 $5,518,241 401,764($1,860,651)$7,314,524 TREASURY STOCK ISSUED (37,112) 172,066 172,066 NET LOSS FOR THE PERIOD (274,155) (274,155) --------- -------- BALANCE- 6/30/00 4,406,361 $73,450 $3,583,484 $5,244,086 364,652($1,688,585)$7,212,435 ===================================================================== SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
EMCEE BROADCAST PRODUCTS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS THREE (3) MONTHS ENDED JUNE 30, 2000 AND 1999 (Unaudited) THREE (3) MONTHS 06/30/00 06/30/99 CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $(274,155) $(300,327) Adjustments: Depreciation 67,172 66,698 Provision for doubtful accounts 12,000 9,000 (Increase) decrease in: Accounts receivable (805,096) 117,502 Inventories (424,452) 20,010 Prepaid expenses (32,006) 51,680 Income taxes refundable (95,000) Deferred income taxes (28,000) 21,000 Other assets 13,382 (1,500) Increase (decrease) in: Accounts payable 155,953 (260,034) Accrued expenses 158,812 8,155 Deposits from customers 217,327 29,610 ---------------------- NET CASH USED IN OPERATING ACTIVITIES (1,034,063) (238,206) ---------------------- CASH FLOWS FROM INVESTING ACTIVITIES: Acquisition of property, plant and equipment (13,632) (7,445) Purchase of U. S. Treasury Bills (412,104) (607,551) Proceeds from maturities of U.S. Treasury Bills 600,000 600,000 Purchase of Advanced Broadcast Systems, Inc. (400,000) ----------------------- NET CASH USED IN INVESTING ACTIVITIES (225,736) (14,996) ----------------------- CASH FLOWS FROM FINANCING ACTIVITIES: Payments on long term debt (26,400) (15,865) Proceeds from line of credit borrowing 1,100,000 0 ------------------------ NET CASH PROVIDED BY (USED IN)FINANCING ACTIVITIES 1,073,600 (15,865) ------------------------ NET DECREASE IN CASH (186,199) (269,067) CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 261,304 1,572,423 ------------------------ CASH AND CASH EQUIVALENTS AT END OF PERIOD $75,105 $1,303,356 ======================== SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Cash paid during the period: Interest Expense $27,619 $13,839 Income Taxes $0 $0 Fair Value of Assets acquired and liabilities assumed for purchase of Advanced Broadcast Systems, Inc. Equipment $245,000 0 Inventory 178,568 0 Accounts receivable 90,595 0 Goodwill 272,571 0 Accounts Payable (44,529) 0 Accrued liabilities (20,139) 0 Inter-company payables (150,000) 0 Treasury Stock (172,066) 0 Cash paid $400,000 $0 ========================= SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
EMCEE BROADCAST PRODUCTS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 1. The financial information presented as of any date other than March 31, has been prepared from the books and records of the Company without audit. Financial information as of March 31 has been derived from the audited financial statements of the Company, but does not include all disclosures required by generally accepted accounting principles. In the opinion of management, the accompanying unaudited consolidated condensed financial statements contain all adjustments, consisting only of normal recurring adjustments, necessary to present fairly EMCEE Broadcast Products, Inc. and Subsidiaries' financial position, and the results of their operations and changes in cash flow for the periods presented. 2. The results of operations for the three-month period ended June 30, 2000 and 1999 and are not necessarily indicative of the results to be expected forthe full year. 3. At June 30, 2000, cash equivalents included $14,576 invested in a money market portfolio. 4. INVENTORIES consisted of the following: June 30, 2000 March 31, 2000 (UNAUDITED) FINISHED GOODS $602,000 $440,000 WORK-IN-PROCESS $778,000 $468,000 RAW MATERIALS $1,169,000 $728,000 MANUFACTURED COMPONENTS $1,134,333 $1,444,313 -------------------------- $3,683,333 $3,080,313 -------------------------- Inventories are stated at the lower of standard cost, which approximates current actual cost (on a first-in, first-out basis) or market (net realizable value). 5. INCOME (LOSS) PER SHARE. Basic income (loss) per share is computed by dividing earnings (loss) applicable to common shareholders by the weighted average number of common shares outstanding. Diluted income (loss) per share is similar to basic income (loss) per share except that the weighted average of common shares outstanding is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued. There were no dilutive potential common shares in the period ended June 30, 1999 because the assumed exercise of the options would be anti-dilutive. The number of options and warrants that could potentially dilute basic earnings(loss) per share that have been excluded from the computation of diluted earnings(loss) per share were 315,200 at June 30,1999. Kronick Kalada Berdy & Co. Certified Public Accountants 190 Lathrop Street Kingston, PA 18704 Independent Accountants' Report Officers and Directors EMCEE Broadcast Products, Inc. We have reviewed the accompanying consolidated balance sheet of EMCEE Broadcast Products, Inc. and subsidiaries as of June 30, 2000, and the consolidated statements of loss, shareholders' equity and cash flows for the three-months then ended. These financial statements are the responsibility of the company's management. We conducted our review in accordance with standards established by the American Institute of Certified Public Accountants. A review of interim financial information consists principally of applying analytical procedures to financial data and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements for them to be in conformity with generally accepted accounting principals. August 9, 2000 /s/ Kronick Kalada Berdy & Co. Kronick, Kalada Berdy & Co. EMCEE BROADCAST PRODUCTS, INC. AND SUBSIDIARIES MANAGEMENT'S DISCUSSION AND ANALYSIS OF THE FINANCIAL CONDITION AND RESULTS OF OPERATIONS Net sales for the first quarter of fiscal 2001 which ended June 30, 2000, totaled $1,680,000, an increase of 107% compared to the quarter ended June 30, 1999. One foreign customer accounted for approximately 45% of the shipments for the first quarter of fiscal 2001. Also included in the sales amount was $149,000 from a new subsidiary formed by an asset purchase agreement on April 17, 2000. Although sales for the quarter ended June 30, 2000 were an improvement over the quarter ended June 30, 1999, these shipments were 7% less than the preceding quarter ended March 31, 2000, due primarily to a shortage of certain critical component parts. As shown by the opening paragraph, foreign shipments have historically been a significant portion of the Company's sales and will continue, especially in the next two quarters, as domestic demand is low. Foreign sales for the first quarter for fiscal 2001, 2000 and 1999 comprised 69%, 56% and 40% of total sales. The composition of these shipments to the following geographic regions is as follows:
Quarter ending June 30 Region 2000* 1999* 1998* (000's omitted) --------------------- Asia/Pacific Rim 819 141 386 Middle East 8 157 19 South America 20 35 79 North America 215 --- 143 Central America 10 16 39 Caribbean 4 72 41 Europe 43 23 151 Africa 23 --- 5 Other 17 8 10 -------------------- 1,159 452 873
*Based on customers with $2,500 or more of sales Although shipments for the quarter ended June 30, 2000 increased over the first quarter one year ago, and gross profit increased from $107,000 to $340,000 for the same periods, the low volume produced a loss from operations of $400,000 for the first quarter of fiscal 2001 compared to a loss from operations of $425,000 for the like period one year ago. Gross margin equaled 20% of net shipments for the quarter ended June 30, 2000 is an improvement over the first quarter one year ago but was 13% less than historical profitable periods of more than 33% due to low sales volume. Total operating expenses were $740,000 for the quarter ended June 30, 2000, an increase of 39% over the same period one year ago. Selling expense totaled $254,000 for the quarter ended June 30, 2000 compared to $230,000 for the quarter ended June 30, 1999. An amount of $10,000 is attributable to the aforementioned new subsidiary formed in April of 2000. An additional $30,000 was incurred in the first quarter of fiscal 2000 for travel expense, primarily in connection with the large foreign order which was partially completed in the quarter. An increase occurred in salary and salary related expense for the quarter ended June 30, 2000 as a domestic sales manager was added in the fourth quarter of fiscal 2000. Offsetting this increase were decreases in expenses for advertising and shows and conventions. General and administrative expense increased from $226,000 for the first quarter ended June 30, 1999 to $368,000 for the first quarter ended June 30, 2000. This increase was primarily caused by the addition of the new subsidiary general and administrative expense of $64,000 and a restoration of salary and related expenses(including board of directors fees), that had been reduced in the prior years'quarter. Research and development expense for the first quarter of fiscal 2001 totaled $118,000 compared to $76,000 for the first quarter one year ago. The Company has added personnel and hired consultants in an effort to redesign equipment to accept alternative component parts to alleviate part shortages, as well as completing new transmitters for digital television (DTV) and high speed Internet service. Interest expense totaled $30,000 for the first quarter ended June 30, 2000 compared to $19,000 for the same period one year ago as the Registrant utilized its line of credit to supplement cash flow in the first quarter of fiscal 2001. Interest income was $36,000 and $40,000 for the same respective periods as cash and cash equivalents were used for operations during the first quarter ended June 30, 2000. Other income (expense), net, was an expense of $3,000 for the first quarter ended June 30, 2000 versus income of $5,000 for the quarter ended June 30, 1999. Other income for the quarter ended June 30, 1999 consisted mainly of rental of equipment while the expense for the quarter ended June 30, 2000 included the return of rent for equipment turned into a sale. Net loss before income tax benefits for the quarter ended June 30, 2000 totaled $397,000, which was reduced by a tax benefit of $123,000, thereby reducing net loss to $274,000 which is equal to seven cents per common share outstanding. Net loss before income tax benefits for the first quarter ended June 30, 1999 was $398,000, which was reduced by a tax benefit of $98,000, thereby reducing net loss to $300,000, or eight cents per common share outstanding. The difference between the tax benefit of $123,000 for the quarter ended June 30, 2000 and the tax benefit of $98,000 for the period ended June 30, 1999 is due to the portion of foreign sales for the two periods as the Registrant maintained a Foreign Sales Corporation (FSC) subsidiary. There are no state tax liabilities for either periods under discussion since all profitable companies are domiciled in jurisdictions that do not impose income taxes. Cash and cash equivalents decreased from $261,000 as of March 31, 2000 to $75,000 as of June 30, 2000. The Registrant's investment in U.S. Treasury Bills decreased $188,000 for the same periods in order to offset negative cash flow from the loss for the period ended June 30, 2000. In addition, new borrowings of $1,100,000 on the line of credit from the Company's lending institution were made to purchase inventory (which increased from $3,080,000 as of March 31, 2000 to $3,683,000 as of June 30, 2000), and to fund the purchase of the assets of Advanced Broadcast Systems, Inc. (ABS) in April of 2000. Inventory purchases included materials and O.E.M. (original equipment manufactured by others) for the large foreign contract to be completed in the second quarter of fiscal 2001 and approximately $145,000 included in the ABS purchase. Accounts receivable net of reserve for doubtful accounts increased from $1,453,000 as of March 31, 2000 to $2,336,000 as of June 30, 2000 as expanded credit terms were given to the foreign contract mentioned above. The Registrant anticipates collection of the balance by September 30, 2000 and will use the proceeds to repay the balance of the line of credit. The reserve for doubtful accounts was increased from $70,000 as of March 30, 2000 to $82,000 to recognize the additional exposure. Prepaid expense totaled $112,000 as of June 30, 2000, an increase of $32,000 over the balance as of March 31, 2000 due to pre-payments of approximately $24,000 for insurance and remainder for shows and conventions. Income taxes refundable of $497,000 and deferred income taxes of $248,000 as of June 30, 2000 increased from $402,000 and $220,000, respectively, as of March 31, 2000 and reflect the loss from the quarter and temporary timing differences. Accounts payable increased from $368,000 as of March 31, 2000 to $569,000 as of June 30, 2000 due to purchases for the large foreign sales order mentioned previously. The Company has also increased purchases of certain components it anticipates may have shortages or long lead times. Other accrued expenses increased from $438,000 as of March 31 ,2000 to $615,000 as of June 30, 2000. The major portions of both balances include accrued commission to outside interests accrued, but not paid as of the respective periods. Property, plant and equipment increased a net $191,000 as of June 30, 2000 compared to March 31, 2000. Purchases consisted of $259,000 of which $245,000 was for the purchase agreement referred to previously. Depreciation for the quarter ended June 30, 2000 totaled $67,000 of which $20,000 was for the ABS asset purchase of April 17,2000. Other assets increased from $1,292,000 as of March 31, 2000 to $1,402,000 as of June 30, 2000. Included in the balance at June 30, 2000 is an amount of $333,000 for goodwill in connection with the purchase of assets of the new company. The remainder as of June 30, 2000 consists primarily of investments in high speed Internet companies of $714,000 (same as of March 31, 2000), a promissory note, plus interest, from a principal of one of the members in the Limited Liability Corporation's (LLC)investment, and accounts receivable of $211,000 ($282,000 as of March 31, 2000) with a collection period of more than one year. The note receivable and interest of $115,000 was due June 12, 2000 subsequent to June 30, 2000. Subsequent to June 30,2000, an agreement has been reached in which the Company will receive an additional investment in a LLC in exchange for the note. Long-term debt decreased from $702,000 as of March 31, 2000 to $676,000 as scheduled payments were made. Shares of treasury stock decreased during the first quarter of fiscal 2000 by 37,112 shares equal to $172,000, which are held in an escrow account as part of the payment for the asset purchases agreement of ABS in April of 2000. The Registrant believes that its working capital coupled with cash flow from operations will be sufficient to fund anticipated working capital and debt funding requirements for fiscal 2001. Employment for the Company totaled 60 full time employees and 2 part time employees. Included in this figure are seven full time employees for the new subsidiary. The backlog of unsold order for the Company, including the new subsidiary, totaled $2,176,000 as of June 30, 2000 compared to $1,367,000 as of March 31, 2000. Approximately 41% of the backlog represents a single company and 64% represents foreign customers. Large corporations such as WorldCom and Sprint have been acquiring Multichannel Multipoint Distribution Service (MMDS) licenses for domestic communications use, which includes high speed Internet service. The Company's management believes that this service, which utilizes transmitters produced by the Company, and the interest in the MMDS industry created by the involvement of Sprint and WorldCom will create a demand for its product in the latter half of the fiscal year. The Registrant is also developing transmitters for the digital television service (DTV), which will be required for all television stations by the year 2003. SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 Any statements contained in this report which are not historical facts are forward looking statements; and, therefore, many important factors could cause actual results to differ materially from those in the forward looking statements. Such factors include, but are not limited to, changes (legislative, regulatory and otherwise) in the MMDS or LPTV industry, demand for the Company's products (both domestically and internationally), the development of competitive products, competitive pricing, the timing of foreign shipments, market acceptance of new product introductions (including, but not limited to, the Company's digital and Internet products,), technological changes, economic conditions, litigation and other factors, risks and uncertainties identified in the Company's Securities and Exchange Commission filings. PART II. OTHER INFORMATION ITEM 1 LEGAL PROCEEDINGS There is no information relevant to the Registrant which must be disclosed under this item. 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 thereto duly authorized. EMCEE BROADCAST PRODUCTS, INC. Date: August 11, 2000 /s/ JAMES L. DeSTEFANO JAMES L. DeSTEFANO President/CEO Date: August 11, 2000 /s/ ALLAN J. HARDING ALLAN J. HARDING Vice President-Finance EX-27 2 0002.txt
5 0000032312 EMCEE BROADCAST PRODUCTS, INC. 3-MOS MAR-31-2001 APR-01-2000 JUN-30-2000 75,105 1,585,704 2,417,970 82,000 3,683,333 8,537,231 3,047,990 2,316,639 10,670,219 2,887,830 0 73,450 0 0 7,138,985 10,670,219 1,680,609 1,680,609 1,339,912 2,080,246 2,923 12,000 30,370 (396,855) (122,700) 0 0 0 0 (274,155) (.07) (.07)
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