-----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, S3aowlS+BNXRP4rwnx0NoCwutJfdIdtw3dlrVP4q7NLj8h6GRfbZ58E1uZAOeF1U 84AvCngtZM/LH6Hmgr4X8Q== 0000902595-01-000013.txt : 20010224 0000902595-01-000013.hdr.sgml : 20010224 ACCESSION NUMBER: 0000902595-01-000013 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010220 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERIGON INC CENTRAL INDEX KEY: 0000903129 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] IRS NUMBER: 954318554 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-21810 FILM NUMBER: 1550281 BUSINESS ADDRESS: STREET 1: 5462 IRWINDALE AVENUE CITY: IRWINDALE STATE: CA ZIP: 91760- BUSINESS PHONE: 6268157400 8-K 1 0001.txt FORM 8-K 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): February 20, 2001 ___________________ AMERIGON INCORPORATED (Exact name of registrant as specified in its charter) ___________________ California 0-21810 95-4318554 (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification No.) incorporation or organization) 5462 Irwindale Avenue Irwindale, California 91706 (626) 815-7400 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) ___________________ Item 5. Other Events. On February 20, 2001, the Company issued a press release announcing its financial results for the quarter and fiscal year ended December 31, 2000. Attached as Exhibit 99.1 are the Company's unaudited consolidated statements of operations for the three months and the year ended December 31, 2000 and the Company's unaudited consolidated balance sheet as of December 31, 2000. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits Exhibit No. Description - ------- ----------- 99.1 Unaudited financial information for Amerigon Incorporated for the three months and the year ended December 31, 2000. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMERIGON INCORPORATED By: /s/ Craig Newell ------------------------ Craig Newell Vice President, Finance Date: February 20, 2001 EX-99.1 2 0002.txt EXHIBIT 99.1 UNAUDITED FINANCIAL INFORMATION EXHIBIT 99.1
AMERIGON INCORPORATED STATEMENT OF OPERATIONS (In thousands, except per share data) Ended December 31, Ended December 31, ------------------ ------------------ 2000 1999 2000 1999 -------- -------- -------- -------- Product sales $ 3,209 $ 289 $ 6,886 $ 336 Product cost 2,992 715 6,274 778 Gross Margin 217 (426) 612 (442) Operating expenses: Research and development 1,101 960 4,099 3,721 Selling, general and administrative 2,045 956 6,088 3,481 Total costs and expenses 3,146 1,916 10,187 7,202 Operating loss (2,929) (2,342) (9,575) (7,644) Interest income 49 34 201 135 Interest expense - (5) (2,607) (30) Loss on disposal of assets - (17) - (36) Loss before extraordinary item (2,880) (2,330) (11,981) (7,575) Extraordinary gain from extinguishment - - 707 - of debt Net loss $(2,880) $(2,330) $(11,274) $(7,575) ======== ======== ========= ========= Net loss available to common $(2,880) $(2,330) $(11,274) $(15,842) shareholders ======== ======== ========= ========= Basic and diluted net loss per share: Loss before extraordinary gain $(0.65) $(1.22) $(3.65) $(8.29) Extraordinary gain from - - 0.22 - extinguishment of debt Net loss $(0.65) $(1.22) $(3.43) $(8.29) ======== ======== ========= ========= Weighted average number of common 4,428 1,910 3,283 1,910 shares outstanding
AMERIGON INCORPORATED BALANCE SHEET (In thousands) December 31, December 31, ASSETS 2000 1999 ------------ ------------ Current Assets: Cash & cash equivalents (1) $ 2,852 $ 1,647 Accounts receivable less allowance of $55 1,375 282 and $58, respectively Inventory 1,478 490 Prepaid expenses and other assets 487 251 ------- ------- Total current assets 6,192 2,670 Property and equipment, net 1,383 1,051 Deferred exclusivity fee 1,170 - ------- ------- Total assets $ 8,745 $ 3,721 ======= ======= LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) Current Liabilities: Accounts payable $ 1,376 $ 592 Accrued liabilities 1,446 597 Deferred Revenue 170 - ------- ------- Total current liabilities 2,992 1,189 Long term portion of capital lease 5 11 ------- ------- Total liabilities 2,997 1,200 ------- ------- Mandatorily redeemable preferred stock: Series A - Preferred Stock - no par value; redeemable and convertible; 9 shares authorized, none and 9 issued and outstanding at December 31, 2000 and 1999 - 8,267 ------- ------- Shareholders' equity (deficit): Preferred Stock: Series A - no par value; convertible; 9 shares authorized, 9 and none issued and outstanding at December 31, 2000 and 1999; liquidation preference of $9,945 8,267 - Common Stock; No par value; 20,000 shares authorized, 4,428 and 1,910 issued and outstanding at December 31, 2000 and 1999 37,947 28,149 Paid-in capital 14,689 10,059 Deferred compensation (1) (74) Accumulated deficit (55,154) (43,880) ------- ------- Total shareholders' equity (deficit) 5,748 (5,746) ------- ------- Total liabilities and shareholders' $ 8,745 $ 3,721 equity (deficit) ======= ======= (1) At December 31, 2000, includes $1,000,000 returned from escrow originally opened on October 20, 2000 and subsequently terminated.
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