-----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, SzMRrUURTnY0rcF5iuJejP3w7Q8KLDPyty2jtbzLmT/AEL6rAqKX8ozQE32V7rvW zoS16OmNQl/CIMGEd/hCPw== 0001014909-99-000080.txt : 19990224 0001014909-99-000080.hdr.sgml : 19990224 ACCESSION NUMBER: 0001014909-99-000080 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990222 ITEM INFORMATION: FILED AS OF DATE: 19990223 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: SEC FILE NUMBER: 000-19027 FILM NUMBER: 99548044 BUSINESS ADDRESS: STREET 1: 1465 KELLY JOHNSON BLVD STREET 2: STE 301 CITY: COLORADO SPRINGS STATE: CO ZIP: 80920 BUSINESS PHONE: 7195319444 MAIL ADDRESS: STREET 1: 1465 KELLY JOHNSON BLVD STREET 2: STE 301 CITY: COLORADO SPRINGS STATE: CO ZIP: 80920 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 Act of 1934 Date of Report (Date of earliest event reported) February 22, 1999 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) 1465 Kelly Johnson Boulevard Colorado Springs, Colorado 80920 ---------------------------------------- -------- (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: (1) The press release announcing financial results for 1998, dated February 19, 1999 was released by the Registrant: SIMTEK ANNOUNCES FINANCIAL RESULTS FOR 1998 COLORADO SPRINGS, Colorado - February 19, 1999 -- Simtek Corporation, provider of the world's fastest re-programmable nonvolatile semiconductor memories, announced preliminary financial results (pending completion of its annual audit) for the fourth quarter and year ending December 31, 1998. The company posted a net loss of $32,911 for the fourth quarter of 1998 and a net profit of $162,781 for the year, compared with a net profit of $425,182 for the fourth quarter of 1997 and a net profit of $788,618 for the year. Revenues for the fourth quarter were $1,374,511, down from $1,747,889 for the same quarter in 1997, reflecting lower demand for semiconductor memories, primarily in Japan and other areas of the Far East. Net revenues totaled $6,180,550 for 1998 compared to $6,632,186 for 1997. "The second half of 1998 was disappointing for many memory integrated circuit suppliers, especially due to the impact that the struggling far east economy had on product demand." stated Douglas Mitchell, Simtek's president and CEO. "Reduced systems demand and excess manufacturing capacity put additional pressure on most of the industry, including Simtek. During this period, Simtek concentrated on working with customers on new system designs as well as developing new products for the year ahead. We believe that during the first half of 1999 our market segment will recover and begin to fill pent-up demand created in 1998." "We are also looking forward to penetrating the real-time clock (RTC) market in 1999 with Simtek's new family of capacitor powered RTCs. These devices will provide the data security advantages of our nvSRAM technology with a unique low-power clock oscillator. Simtek's RTCs will offer a superior solution than has been previously available to the market," continued Mr. Mitchell. "Simtek is now really concentrating on expanding its opportunity base in the industrial control and office automation markets." Simtek's financial results for 1998 were depressed in the second half of the year but still performed well compared to other companies in their market sector.
FINANCIAL RESULTS Three Months ended Dec 31 Year ended Dec 31 1998 1997 1998 1997 ---- ---- ---- ---- Net Sales $1,374,511 $1,747,889 $6,180,550 $6,632,186 Cost of Goods Sold 810,236 848,471 3,477,861 3,676,432 Gross Margin 564,275 899,418 2,702,689 2,955,754 Total selling, general and 612,628 486,118 2,553,470 2,225,179 Administrative expenses Net Income and Comprehensive (32,911) 425,182 162,781 788,618 Income Basic and diluted Earnings per Share 0.00 0.01 0.01 0.03 Dilutive Shares Outstanding 29,270,314 30,834,509 30,250,334 30,689,562
Simtek Corporation develops, produces and markets the world's fastest re-programmable nonvolatile semiconductor memories. 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. 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 February 22, 1999 By: /s/Douglas Mitchell ------------------------------- DOUGLAS MITCHELL Chief Executive Officer -3- -----END PRIVACY-ENHANCED MESSAGE-----