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                                 UNITED STATES
 
                       SECURITIES AND EXCHANGE COMMISSION
 
                             WASHINGTON, D.C. 20549
 
                                  FORM 10-K/A
 
                                AMENDMENT NO. 1
 
        
(MARK ONE)
/X/        ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
           (FEE REQUIRED)
 
           FOR THE YEAR ENDED DECEMBER 31, 1996, OR
 
/ /        TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
           1934 (NO FEE REQUIRED)
 
           FOR THE TRANSITION PERIOD FROM TO


 
                        COMMISSION FILE NUMBER: 0-13459
 
                       AXIOHM TRANSACTION SOLUTIONS, INC.
                      (FORMERLY NAMED DH TECHNOLOGY, INC.)
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
 
                                              
                  CALIFORNIA                                       94-2917470
        (STATE OR OTHER JURISDICTION OF                         (I.R.S. EMPLOYER
        INCORPORATION OR ORGANIZATION)                         IDENTIFICATION NO.)
 
                          15070 AVENUE OF SCIENCE, SAN DIEGO, CA 92128
                      (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)  (ZIP CODE)
 
               Registrant's telephone number, including area code: (619) 451-3485
 
                Securities registered pursuant to Section 12(b) of the Act: NONE
 
    Securities registered pursuant to Section 12(g) of the Act:  Common Stock, no par value
                                                                      (TITLE OF CLASS)


 
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 by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. / /
 
The aggregate market value of the Common Stock held by non-affiliates as of
March 03, 1997, (based on the last sales price at that date) was approximately
$132,674,740. This computation excludes a total of 54,897 shares beneficially
owned by certain executive officers and directors of Registrant who may be
deemed to be affiliates of Registrant under applicable rules of the Securities
and Exchange Commission. This determination of affiliate status is not
necessarily a conclusive determination for other purposes.
 
As of March 03, 1997, there were 7,975,777 shares of Registrant's Common Stock
outstanding.
 
                      DOCUMENTS INCORPORATED BY REFERENCE:
 
The Registrant's Annual Report to Shareholders for the year ended December 31,
1996, is incorporated by reference to Exhibit 13 hereto to the extent stated
herein. The Registrant's definitive Proxy Statement for its Annual Meeting of
Shareholders to be held on April 24th, 1997, is incorporated by reference in
Part III of this Form 10-K to the extent stated herein.
 
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    This Amendment No. 1 to the Registrant's Annual Report on Form 10-K for the
fiscal year ended December 31, 1996 is being filed solely for the purpose of
correcting the report of the Registrant's independent auditors to reflect that
such auditors have signed such report.
 
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Independent Auditors' Report
To the Board of Directors and Shareholders of DH Technology, Inc.:
 
    We have audited the accompanying consolidated balance sheets of DH
Technology, Inc. and subsidiaries as of December 31, 1996 and 1995, and the
related consolidated statements of income, shareholders' equity, and cash flows
for each of the years in the three-year period ended December 31, 1996. These
consolidated financial statements are the responsibility of the Company's
management. Our responsibility is to express an opinion on these consolidated
financial statements based on our audits.
 
    We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
 
    In our opinion, the consolidated financial statements referred to above
present fairly, in all material respects, the financial position of DH
Technology, Inc. and subsidiaries as of December 31, 1996 and 1995, and the
results of their operations and their cash flows for each of the years in the
three-year period ended December 31, 1996, in conformity with generally accepted
accounting principles.
 
                                          /s/ KPMG Peat Marwick LLP
 
San Diego, California
February 12, 1997
 
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                                   SIGNATURES
 
    Pursuant to the requirements of Sections 13 or 15(d) of the Securities Act
of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
 
                             
                                AXIOHM TRANSACTION SOLUTIONS, INC.
                                (formerly named DH TECHNOLOGY, INC.)
 
                                           /s/ JANET W. SHANKS
                                ------------------------------------------
                                             Janet W. Shanks
                                   CHIEF ACCOUNTING OFFICER, CORPORATE
                                        CONTROLLER, AND SECRETARY


 
Date: February 12, 1998
 
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