-----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, HDaIe/ZJedaqx7tiL0LGq+qBNDMvfrD2cnqnLEKEV0D5zAnD6mh/ZHL17CCZEguL k0030ytr5Icku8vvf4xl6Q== 0000716688-03-000007.txt : 20031222 0000716688-03-000007.hdr.sgml : 20031222 20031222150720 ACCESSION NUMBER: 0000716688-03-000007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030930 ITEM INFORMATION: Other events FILED AS OF DATE: 20031222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MICROWAVE FILTER CO INC /NY/ CENTRAL INDEX KEY: 0000716688 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 160928443 STATE OF INCORPORATION: NY FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-10976 FILM NUMBER: 031067502 BUSINESS ADDRESS: STREET 1: 6743 KINNE ST CITY: E SYRACUSE STATE: NY ZIP: 13057 BUSINESS PHONE: 3154373953 MAIL ADDRESS: STREET 1: 6743 KINNE ST CITY: EAST SYRACUSE STATE: NY ZIP: 13057 8-K 1 mfc8k03.txt MFC 8-K 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): December 22, 2003 Commission file number__________________0-10976_________________________________ ______________________Microwave Filter Company, Inc_____________________________ (Exact name of registrant as specified in its charter) __________New York__________________________16-0928443__________________________ (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) _____6743 Kinne Street, East Syracuse, NY________13057_________________________ (Address of principal executive offices) (Zip code) Registrant's telephone number including area code____(315) 438-4700_____________ 1 Item 5. Other Events. Net sales decreased $2,192,212 or 30.2% to $5,059,520 for the fiscal year ended September 30, 2003 when compared to net sales of $7,251,732 for the fiscal year ended September 30, 2002. The decrease in sales can primarily be attributed to the decrease in the sales of the Company's standard Cable/Satellite TV product sales, which management attributes to the decrease in demand for the Company's standard filters which suppress strong out-of-band interference caused by military and civilian radar systems. Last year, the Company saw an increase in demand for the Company's filters which suppress strong out-of-band interference caused by military and civilian radar systems, primarily due to the increased security measures that were taken as a result of the September 11th terrorist attacks. That demand decreased during fiscal 2003 resulting in the lower sales and due to the current economic climate, MFC has not seen a significant increase in sales in other product areas. Net income decreased $716,687 to a net loss of $282,400, or $.10 per share, for the fiscal year ended September 30, 2003 when compared to net income of $434,287, or $.15 per share, for the fiscal year ended September 30, 2002. The decrease in net income can primarily be attributed to the decrease in sales. Microwave Filter Company, Inc. manufactures electronic filters for eliminating interference and signal processing for such markets as Cable Television, Broadcast, Mobile Communications, Avionics, Radar, Navigation and Defense Electronics. Its subsidiary, Niagara Scientific, Inc., manufactures industrial automation equipment. The Company's stock is traded on the NASDAQ over-the-counter market under the symbol MFCO. 2 SIGNATURE 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. Microwave Filter Company, Inc. (Registrant) Date: December 22, 2003 By: /s/ Richard L. Jones Name: Richard L. Jones Title: Chief Financial Officer 3 -----END PRIVACY-ENHANCED MESSAGE-----