-----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, UAMNVrluHbDjrMsq1Ian2KeHAPp1Mx09SF0AU/ABegOUlf7yqACgrPWIN4pGe3HA aF34o5Fd6HkRR0Matj0R3Q== 0001014909-02-000149.txt : 20020523 0001014909-02-000149.hdr.sgml : 20020523 20020522203118 ACCESSION NUMBER: 0001014909-02-000149 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020517 ITEM INFORMATION: Other events FILED AS OF DATE: 20020523 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIMTEK CORP CENTRAL INDEX KEY: 0000817516 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 841057605 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19027 FILM NUMBER: 02660331 BUSINESS ADDRESS: STREET 1: 4250 BUCKINGHAM DR 100 CITY: COLORADO SPRINGS STATE: CO ZIP: 80907 BUSINESS PHONE: 7195319444 MAIL ADDRESS: STREET 1: 4250 BUCKINGHAM DR 100 CITY: COLORADO SPRINGS STATE: CO ZIP: 80907 8-K 1 f8k_may2002.txt FORM 8-K - 5/17/02 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15 (d) of The Securities Act of 1934 Date of Report (Date of earliest event reported) May 17, 2002 SIMTEK CORPORATION ------------------------------------------------------ (Exact name of registrant as specified in its charter) Colorado 0-19027 84-1057605 - -------------------------------------------------------------------------------- (State or other (Commission (I.R.S. Employer jurisdiction File Number) Identification No.) of incorporation) 4250 Buckingham Dr. #100 Colorado Springs, Colorado 80907 ---------------------------------------- -------- (Address of principal executive offices) Zip Code Registrant's telephone, including area code: (719) 531-9444 Not applicable ----------------------------------------------------------- Former name or former address, if changed since last report Item 5: Other Information: Simtek Corporation released the following press release dated May 14, 2002, titled "Simtek Announces First Quarter 2002 Financial Results": SIMTEK ANNOUNCES FIRST QUARTER 2002 FINANCIAL RESULTS COLORADO SPRINGS, Colorado - May 14, 2002 - Simtek Corporation (OTC BB: SRAM), provider of high performance nonvolatile memory and logic integrated circuits, announced financial results for the first quarter ending March 31, 2002. The company posted revenue of $3,973,300 for the first quarter of 2002, up sequentially from $3,780,393 in the fourth quarter of 2001, and down from $4,331,721 in the first quarter of 2001. Net loss for the quarter was $255,628, improved from a loss of $514,563 in the same quarter of 2001. Gross profit margin percentages improved to 35.7% in 1Q2002 from 27.8% in 1Q2001 reflecting significant product cost improvements, even as selling prices remained under pressure in the broadly weak electronics market. Research and development expenditures were increased by $365,776, up from $627,598 in 1Q2001 to $993,374 in 1Q2002. These expenditures reflect extensive activities related to new product developments required for more aggressive growth and lower product costs. "We continue to invest in new process and product developments that are preparing Simtek for a broad based market recovery," stated Douglas Mitchell, Simtek's president and CEO. "We have started sampling 3 volt memory products and are on schedule with our 0.25 micron process development to support next-generation, high density nvSRAMs next year. System design activities have been more active over the past 3 months than we saw all of last year, making us increasingly optimistic for business growth late this year." FINANCIAL RESULTS Three Months ended March 31 2002 2001 ---- ---- Net Sales $3,973,300 $4,331,721 Cost of Sales 2,554,718 3,129,031 Gross Margin 1,418,582 1,202,690 Operating Expenses Design, research and development 993,374 627,598 Administrative 208,220 448,291 Marketing 470,934 416,852 Investor relations - 257,800 Total Operating Expenses 1,672,528 1,750,541 Income (loss) from Operations (253,946) (547,851) Other Income (Expense) (1,682) 33,288 Net Income (Loss) before Taxes (255,628) (514,563) Provision for income taxes - - Net Income (Loss) (255,628) (514,563) Basic and diluted earnings per share (.00) (.01) Basic and diluted shares outstanding 54,069,329 53,651,912 -2- Simtek Corporation delivers fast re-programmable nonvolatile semiconductor memories and cost-effective FPGA to ASIC conversions. Information on Simtek products can be obtained from its web page: www.simtek.com; email: info@simtek.com; by calling (719) 531-9444; or fax (719) 531-9481. The company is headquartered in Colorado Springs, Colorado, with international sales and marketing channels. Simtek is listed under the symbol SRAM on the OTC Electronic Bulletin Board. FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements by Mr. Mitchell predicting the Company's future growth. Such statements involve risks and uncertainties, and actual results could differ materially from the results anticipated in such forward-looking statements as a result of a number of factors, including, but not limited to, the risk of delays in the availability of new products due to technological, market or financial factors including the availability of necessary working capital, or the other factors described in the Company's most recent Form 10-KSB and Form 10-QSB filed with the Securities and Exchange Commission. -3- 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 and hereunto duly authorized. SIMTEK CORPORATION May 17, 2002 By: /s/Douglas Mitchell ------------------------------------ DOUGLAS MITCHELL Chief Executive Officer, President and Chief Financial Officer (acting) -4- -----END PRIVACY-ENHANCED MESSAGE-----