-----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, ApR/EGL5k4pYuc+bH37a3rbpKiZI4HTKv7WPOknEd8W00RuOabryAPiAWiEwyQiU ATPtu/C2nKN8JC9z2S1c2A== 0001000096-98-000055.txt : 19980126 0001000096-98-000055.hdr.sgml : 19980126 ACCESSION NUMBER: 0001000096-98-000055 CONFORMED SUBMISSION TYPE: 10KSB/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960930 FILED AS OF DATE: 19980123 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: DCX INC CENTRAL INDEX KEY: 0000783284 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 840868815 STATE OF INCORPORATION: CO FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 10KSB/A SEC ACT: SEC FILE NUMBER: 000-14273 FILM NUMBER: 98512170 BUSINESS ADDRESS: STREET 1: 1597 COLE BLVD STREET 2: STE 300B CITY: GOLDEN STATE: CO ZIP: 80401 BUSINESS PHONE: 3032742700 MAIL ADDRESS: STREET 1: PO BOX 569 STREET 2: PO BOX 569 CITY: FRANKTOWN STATE: CO ZIP: 80116 FORMER COMPANY: FORMER CONFORMED NAME: DOUGLAS COUNTY INDUSTRIES INC DATE OF NAME CHANGE: 19860109 10KSB/A 1 FORM 10KSB/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-KSB/A (Mark One) [X] Annual report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 [Fee Not Required] For the fiscal year ended September 30, 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 0-14273 DCX, INC. (Name of small business issuer) Colorado 84-0868815 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 1597 Cole Blvd., Ste 300B, Golden, Colorado 80401 (Address of principal executive offices) (Zip code) Issuer's telephone number (303) 274-8708 Securities registered pursuant to Section 12(g) of the Exchange Act: Title of each class Common Stock, no par value Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities and Exchange Act during the past 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 ----- ----- Check if there is no disclosure of delinquent filers pursuant to Item 405 of Regulation S-B is not contained in this form, and no disclosure will 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-KSB or any amendment to this Form 10-KSB. [X] The issuer's revenues for its most recent fiscal year were $4,410,592. As of November 30, 1996, the aggregate market value of the shares of the issuer's voting stock held by non-affiliates of the issuer based on the average of closing bid and asked prices of the Common Stock as reported on the NASDAQ Small Cap Market sm, was approximately $8,485,445. As of November 30, 1996, the issuer had outstanding 4,434,109 shares of Common Stock. Transitional Small Business Disclosure Format: Yes [ ] ; No [ X ] Exhibit index begins on page 11. Total number of pages in this report is 34. PART I Item 3 - LEGAL MATTERS is amended to read as follows: Three of the Company's contracts, totaling gross sales in excess of $10 million, were terminated in July, 1988, by the Defense General Supply Center (DGSC) for alleged default. DGSC is a subordinate activity of the Defense Logistics Agency (DLA). As previously reported, the Company completed the settlement process in December, 1995, following a favorable decision in May, 1992, from the Armed Services Board of Contract Appeals (ASBCA) on two of three cases in longstanding litigation with the Department of Defense. The third contract required the Company to design, develop, test and manufacture light sets to a specified schedule. Because of a Government caused delay, a required test report was three days late for which DGSC terminated the contact for default. The Company found this treatment to be inequitable and contested the termination for default of the third contract at the ASBCA and ultimately filed a petition for certiorari at the United States Supreme Court. On November 19, 1996, the Company learned that its petition for certiorari was denied. In its third fiscal quarter the Company recorded a reserve of approximately $521,000 for the effect of the loss. Certain actions ensuing from the loss could have a materially adverse effect on the Company (See Note Five to Financial Statements and Item 6, Management Discussion and Analysis). On December 11, 1996, the Company filed a complaint in the District Court for Douglas County, Colorado, against Airtech International Corporation ("Airtech"), John Potter, and C.J. Comu. The Company alleges, among other items, that the defendants failed to pay funds that they agreed to pay the Company, that the defendants breached the Agreement for Exchange of Shares dated July 29, 1996, between the Company and Airtech, and that the defendants made material misrepresentations of facts to the Company. The complaint seeks recovery of costs and expenses incurred by the Company, and seeks payment of funds the defendants agreed to pay to the Company. The defendants have filed an answer and counterclaim. The Company believes the allegations in the counterclaim are without merit. The Company is engaged in various other litigation matters from time to time in the ordinary course of business. The Company believes the outcome of any such litigation will not have a material effect on the Company. SIGNATURES In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this amemded report to be signed on its behalf by the undersigned, thereunto duly authorized. DCX, INC. Date: 1/21/98 By: /s/ Fred Beisser --------- ---------------------------------- Frederick G. Beisser Vice President--Finance & Administration, Secretary, Treasurer, Director and Principal Accounting Officer -----END PRIVACY-ENHANCED MESSAGE-----