-----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, TeSagqqaqU6Bjab5rrp8a3PJq50Zd6BdDO1yTGb0JiophSd4H5YlPCZ78owK9uvg qwYmvWJCdmwTGypDJY5h7w== 0001104659-04-040431.txt : 20041220 0001104659-04-040431.hdr.sgml : 20041220 20041220153255 ACCESSION NUMBER: 0001104659-04-040431 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041217 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041220 DATE AS OF CHANGE: 20041220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTECH SYSTEMS INC CENTRAL INDEX KEY: 0000722313 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 411681094 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13257 FILM NUMBER: 041214040 BUSINESS ADDRESS: STREET 1: 641 EAST LAKE ST STREET 2: SUITE 234 CITY: WAYZATA STATE: MN ZIP: 55391 BUSINESS PHONE: 6124734102 FORMER COMPANY: FORMER CONFORMED NAME: DSC NORTECH INC DATE OF NAME CHANGE: 19901217 FORMER COMPANY: FORMER CONFORMED NAME: DIGIGRAPHIC SYSTEMS CORP DATE OF NAME CHANGE: 19881113 8-K 1 a04-15103_18k.htm 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 17, 2004

 

NORTECH SYSTEMS INCORPORATED

(Exact name of registrant as specified in charter)

 

Minnesota

(State or other jurisdiction of incorporation)

 

0-13257

 

41-16810894

(Commission file number)

 

(IRS Employer Identification No.)

 

 

1120 Wayzata Boulevard East, Suite 201

Wayzata, MN 55391

(Address of principal executive offices)

 

(952) 345-2244

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed from last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Secutities Ace (17 CFR 230.425)

 

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o  Pre-commencement communications pursuant to Rule 14-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c)

 

 



 

 

Item 8.01  Other Events.

 

                On December 17, 2004, the Company issured a press release updating its expectations regarding revenues and earnings for the fourth quarter and year ending December 31, 2004.  A copy of the release is attached hereto as Exhibit 99.1.

 

 

Item 9.01  Financial Statements and Exhibits.

 

Exhibit No.

 

Description

 

 

 

 

 

 

 

99.1

 

Press Release dated December 17, 2004.

 

 

 

 

 

 

 

 

SIGNATURES

 

 

 

 

                Pursuant to the requirements of the Securities Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated:   December 20, 2004

 

 

 

 

 

NORTECH SYSTEMS INCORPORATED

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Michael J. Degen

 

 

 

 

 

Chief Executive Officer

 

 

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EX-99.1 2 a04-15103_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

 

 

 

Contact:

 

Mike Degen

 

 

 

 

 

 

 

Nortech Systems, Inc.

 

 

 

 

 

 

 

(952) 345-2277

 

 

 

 

 

 

 

or

 

 

 

 

 

 

 

Warren Djerf

 

 

 

 

 

 

 

Brookside Communications Group

 

 

 

 

 

 

 

(952) 920-3908 or warren@brookcomm.net

 

 

 

Dec. 17, 2004

 

Nortech Systems Updates Fourth Quarter and Fiscal Year Expectations

MINNEAPOLIS — Nortech Systems, Inc. (Nasdaq: NSYS), an electronics manufacturing services provider, today announced that it expects revenue for the fourth quarter ending Dec. 31, 2004, of $19.0 million to $20.0 million, an increase over the $15.6 million reported in fourth quarter of 2003.  Earnings for the fourth quarter of 2004 are now projected to be in the range of $0.05 to $0.07 per diluted share, compared to a loss of $0.06 per diluted share for the same period last year.

                For the fiscal year ending Dec. 31, 2004, revenue is expected to increase by 21 to 24 percent over 2003 levels, totaling $70 million to $72 million, which is slightly above the previous outlook.  Fiscal year earnings per diluted share are now projected to be in the range of $0.20 to $0.22, instead of the $0.26 to $0.29 expected earlier.  For the 2003 fiscal year, Nortech Systems earned $0.25 per diluted share.

                “While we’re pleased with our sustained revenue growth, we continue to face margin pressures impacting our profitability,” says Mike Degen, President and CEO of Nortech Systems.  “The fourth quarter earnings are being negatively impacted by a mix of lower-margin product, material cost increases and higher than anticipated labor costs and expenses related to some of our domestic and international operations.”

 

 

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About Nortech Systems, Inc.

Nortech Systems, Inc. (www.nortechsys.com), based in Wayzata, Minn., is a full-service electronics manufacturing services (EMS) provider of wire and cable assemblies, printed circuit board assemblies, higher-level assemblies and box builds for a wide range of industries.  Markets served include medical, automotive, defense, computer, commercial, recreational, government and consumer.  In Minnesota, Nortech Systems has additional facilities in Baxter, Bemidji, Fairmont and Merrifield.  The company also has facilities in Augusta, Wis., and Monterrey, Mexico.  Nortech Systems is traded on the Nasdaq Stock Market under the symbol NSYS.

This press release contains forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995.  While this release is based on management’s best judgment and current expectations, actual results may differ and involve a number of risks and uncertainties.  Important factors that could cause actual results to differ materially from the forward-looking statements include, without limitation: volatility in market conditions which may affect market supply and demand of the company’s products; increased competition; changes in the reliability and efficiency of operating facilities or those of third parties; risks related to availability of labor; commodity and energy cost instability; general economic, financial and business conditions that could affect the company’s financial condition and results of operations; as well as risk factors listed from time to time in the company’s filings with the SEC.

The factors identified above are believed to be important factors (but not necessarily all of the important factors) that could cause actual results to differ materially from those expressed in any forward-looking statement made by the company.  Unpredictable or unknown factors not discussed herein could also have material adverse effects on forward-looking statements.  All forward-looking statements included in this press release are expressly qualified in their entirety by the forgoing cautionary statements.  The company undertakes no obligations to update publicly any forward-looking statement (or its associated cautionary language) whether as a result of new information or future events.

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