-----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, I6VH+0I4V2DWBD2axTRGIvqjtrjxlifj8iXayX5AN6aOuLofCh6ZeqH+6htos75y eMvZUD8JubRAkKnjcH6uEQ== 0000810136-97-000005.txt : 19970520 0000810136-97-000005.hdr.sgml : 19970520 ACCESSION NUMBER: 0000810136-97-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19970513 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970516 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: PHOTRONICS INC CENTRAL INDEX KEY: 0000810136 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 060854886 STATE OF INCORPORATION: CT FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15451 FILM NUMBER: 97610001 BUSINESS ADDRESS: STREET 1: 1061 INDIANTOWN RD STREET 2: SUITE 318 CITY: JUPITER STATE: FL ZIP: 33477 BUSINESS PHONE: 407-747-41 MAIL ADDRESS: STREET 1: 15 SECOR ROAD STREET 2: P O BOX 5226 CITY: BROOKFIELD STATE: CT ZIP: 06804 FORMER COMPANY: FORMER CONFORMED NAME: PHOTRONIC LABS INC DATE OF NAME CHANGE: 19900514 8-K 1 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):_____May 13, 1997__________ ___________________________PHOTRONICS, INC.________________________________ (Exact Name of Registrant as Specified in Charter) _____Connecticut_____________________0-15451________________06-0854886_____ (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) __________1061 East Indiantown Road, Jupiter, FL ___________33477_____ (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, including area code:_____561-747-4163_________ ______________________________________________________________________________ (Former Name or Former Address, if Changed Since Last Report) ITEM 5. OTHER EVENTS This Form 8-K is being filed to file the exhibits listed in Item 7, below. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits 27 Financial Data Schedule 99.1 Condensed Consolidated Balance Sheet at May 4, 1997 (unaudited) and October 31, 1996 and Condensed Consolidated Statement of Earnings for the Three Months and Six Months Ended May 4, 1997 and April 30, 1996 (unaudited). 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 hereto duly authorized. PHOTRONICS, INC. By:_____JEFFREY P. MOONAN______ Jeffrey P. Moonan Senior Vice President Secretary Date: May 13, 1997 FORMS\8K-597A/p EX-27 2
5 This schedule contains summary financial information extracted from the Condensed Consolidated Statement Earnings and the Condensed Consolidated Balance Sheet and is qualified in its entirety by reference to such financial statements. 1000 6-MOS OCT-30-1997 MAY-04-1997 11,115 0 30,638 235 9,292 57,974 207,801 61,307 223,821 30,870 17,023 0 0 119 166,996 223,821 89,063 89,063 55,630 55,630 0 0 140 18,609 7,100 11,509 0 0 0 11,509 0.93 0.00
EX-99 3 PHOTRONICS, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheet (dollars in thousands)
May 4, October 31, 1997 1996 ----------- ----------- ASSETS ====== Current assets: Cash, cash equivalents and short-term investments $ 11,115 $ 26,684 Accounts receivable 30,403 24,750 Inventories 9,292 7,992 Other current assets 7,164 6,154 -------- -------- Total current assets 57,974 65,580 Property, plant and equipment, net 146,494 123,666 Intangible assets, net 8,754 9,305 Investments and other assets 10,599 13,352 -------- -------- $223,821 $211,903 ======== ======== LIABILITIES AND SHAREHOLDERS' EQUITY ==================================== Current liabilities: Current portion of long-term debt $ 39 $ 38 Accounts payable and accrued liabilities 30,831 43,929 -------- -------- Total current liabilities 30,870 43,967 Long-term debt 17,023 1,987 Deferred income taxes and other liabilities 8,813 9,532 Shareholders' equity 167,115 156,417 -------- -------- $223,821 $211,903 ======== ========
PHOTRONICS, INC. AND SUBSIDIARIES Condensed Consolidated Statement of Earnings (in thousands, except per share amounts)
Quarter Ended Six Months Ended -------------------- -------------------- May 4, April 30, May 4, April 30, 1997 1996 1997 1996 ------- --------- ------- --------- Net sales $49,034 $40,514 $89,063 $75,182 Costs and expenses: Cost of sales 30,283 24,811 55,630 46,063 Selling, general and administrative 6,244 5,447 11,279 10,032 Research and development 2,622 2,123 4,924 3,948 ------- ------- ------- ------- Operating income 9,885 8,133 17,230 15,139 Interest and other income, net 99 334 1,379(a) 879 ------- ------- ------- ------- Income before income taxes 9,984 8,467 18,609 16,018 Provision for income taxes 3,800 3,200 7,100 6,100 ------- ------- ------- ------- Net income $ 6,184 $ 5,267 $11,509(a) $ 9,918 ======= ======= ======= ======= Net income per common share $0.50 $0.44 $0.93(a) $0.82 ===== ===== ===== ===== Weighted average number of common shares outstanding 12,432 12,048 12,331 12,053 ====== ====== ====== ====== __________ (a) Includes a net gain from the sale of equity investments of $1.1 million ($0.7 million, or $0.05 per share, after tax). __________ 8K-FINCL
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