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):
March 23, 1998
--------------
AMERICAN SUPERCONDUCTOR CORPORATION
- --------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in its Charter)
Delaware
- --------------------------------------------------------------------------------
State or Other Jurisdiction of Incorporation)
0-19672 04-2959321
------------------------ ---------------------------------
(Commission File Number) (IRS Employer Identification No.)
Two Technology Drive, Westborough, MA 01581
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(508) 836-4200
- --------------------------------------------------------------------------------
Registrant's Telephone Number, Including Area Code
Not Applicable
- --------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
2
ITEM 5. OTHER EVENTS
With the Form 10-Q for the quarter ended December 31, 1997 filed with the
Securities and Exchange Commission (the "Commission") on February 13, 1998,
American Superconductor Corporation (the "Company") adopted Financial Accounting
Standard ("FAS") No. 128 relating to Earnings Per Share. Additionally, in
connection with the April 8, 1997 merger of a subsidiary of the Company into
Superconductivity, Inc., a Delaware corporation ("SI"), accounted for as a
pooling of interests, the Company prepared restated financial statements
reflecting such pooling of interests transaction. These consolidated financial
statements were filed by the Company with the Commission on Form 8-K filed on
September 5, 1997. The adoption of FAS No. 128 and the consolidated financial
statements reflecting the pooling of interests transaction both constitute a
restatement of the Company's financial statements.
Item 601(c)(2)(iii) of Regulation S-K requires the Company to file restated
Financial Data Schedules for all periods affected by the restatement of the
Company's financial statements and accordingly, the Company is filing restated
Financial Data Schedules for the appropriate periods herewith.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits:
---------
27.1 Restated Financial Data Schedule for Form 10-Q
for the period ended June 30, 1996
27.2 Restated Financial Data Schedule for Form 10-Q
for the period ended September 30, 1996
27.3 Restated Financial Data Schedule for Form 10-Q
for the period ended December 31, 1996
27.4 Restated Financial Data Schedule for Form 10-Q
for the period ended June 30, 1997
27.5 Restated Financial Data Schedule for Form 10-K
for the period ended March 31, 1997 and for
Form 8-K filed September 5, 1997
27.6 Restated Financial Data Schedule for Form 10-Q
for the period ended September 30, 1997
27.7 Restated Financial Data Schedule for Form 10-Q
for the period ended December 31, 1997
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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 hereunto duly authorized.
Date: March 23, 1998 AMERICAN SUPERCONDUCTOR
CORPORATION
By: /s/ Gregory J. Yurek
------------------------------------
Gregory J. Yurek
President and
Chief Executive Officer
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Exhibit Index
-------------
Exhibit
Number Title Page
------ ----- ----
27.1 Restated Financial Data Schedule for Form 10-Q
for the period ended June 30, 1996
27.2 Restated Financial Data Schedule for Form 10-Q
for the period ended September 30, 1996
27.3 Restated Financial Data Schedule for Form 10-Q
for the period ended December 31, 1996
27.4 Restated Financial Data Schedule for Form 10-Q
for the period ended June 30, 1997
27.5 Restated Financial Data Schedule for Form 10-K
for the period ended March 31, 1997 and for
Form 8-K filed September 5, 1997
27.6 Restated Financial Data Schedule for Form 10-Q
for the period ended September 30, 1997
27.7 Restated Financial Data Schedule for Form 10-Q
for the period ended December 31, 1997
5
1,000
U.S. DOLLARS
3-MOS
MAR-31-1997
APR-01-1996
JUN-30-1996
1
1,833
20,711
3,509
0
2,089
8,055
10,682
6,866
33,072
3,736
3,191
0
0
105
25,851
33,072
1,354
2,856
1,413
2,554
3,962
0
92
(3,445)
0
(3,445)
0
0
0
(3,445)
(0.33)
(0.33)
5
1000
U.S. DOLLARS
3-MOS
MAR-31-1997
JUL-01-1996
SEP-30-1996
1
2,440
17,918
3,629
0
2,038
8,392
10,906
7,291
30,367
3,735
3,251
0
0
105
23,269
30,367
560
2,432
613
2,153
3,178
0
86
(2,674)
0
(2,674)
0
0
0
(2,674)
(0.25)
(0.25)
5
1000
U.S. DOLLARS
3-MOS
MAR-31-1997
OCT-1-1996
DEC-31-1996
1
763
16,374
4,281
0
2,668
8,492
11,181
7,709
28,713
5,982
3,074
0
0
105
19,553
28,713
415
2,692
590
2,831
2,747
0
102
(3,367)
0
(3,367)
0
0
0
(3,367)
(0.32)
(0.32)
5
1000
U.S. DOLLARS
3-MOS
MAR-31-1998
APR-01-1997
JUN-30-1997
1
4,790
12,776
3,491
0
3,235
11,818
12,912
9,332
28,180
3,178
3,201
0
0
116
21,687
28,180
2,165
3,566
1,799
2,939
3,474
0
76
(2,713)
0
(2,713)
0
0
0
(2,713)
(0.23)
(0.23)
5
1000
U.S. DOLLARS
12-MOS
MAR-31-1997
APR-1-1996
MAR-31-1997
1
585
15,446
3,454
0
2,941
7,325
12,604
8,836
26,581
7,007
3,074
0
0
105
16,396
26,581
2,937
10,551
2,990
10,577
12,768
0
356
(13,377)
0
(13,377)
0
0
0
(13,377)
(1.27)
(1.27)
5
1000
U.S. DOLLARS
3-MOS
MAR-31-1998
JUL-01-1997
SEP-30-1997
1
3,649
10,405
3,457
0
4,317
11,754
13,488
9,866
25,789
3,439
3,142
0
0
117
19,091
25,789
1,190
2,925
1,159
2,867
2,961
0
61
(2,804)
0
(2,804)
0
0
0
(2,804)
(0.24)
(0.24)
5
1000
U.S. DOLLARS
3-MOS
MAR-31-1998
OCT-01-1997
DEC-31-1997
1
2,209
7,508
5,013
0
3,233
10,958
14,034
10,460
22,459
3,359
3,142
0
0
117
15,841
22,459
698
4,893
550
4,705
3,672
0
51
(3,377)
0
(3,377)
0
0
0
(3,377)
(0.29)
(0.29)
