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ADEP > SEC Filings for ADEP > Form 8-K/A on 18-Sep-2013All Recent SEC Filings

Show all filings for ADEPT TECHNOLOGY INC



Results of Operations and Financial Condition, Financial Statements and Ex

Item 2.02. Results of Operations and Financial Condition.

The following information, including the financial information attached as an exhibit to this Form 8-K/A, is furnished pursuant to Item 2.02 of Form 8-K, "Results of Operations and Financial Condition" and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information contained in this Form 8-K/A shall not be incorporated by reference into any registration statement or other document or filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

On August 27, 2013, Adept Technology, Inc. ("Adept") issued a press release announcing its financial results for its fiscal 2013 fourth quarter ended June 30, 2013. This Form 8-K/A corrects certain financial information included in the press release filed as an Exhibit to the Current Report on Form 8-K filed by Adept dated such date.

Subsequent to the filing, the Company determined that $225,000 of restructuring charges should be recognized in the fourth quarter in connection with the Company's plan to consolidate its facilities in France. This restructuring charge, offset by related tax benefits and tax credits, reduces net income reported for the fourth quarter of 2013 and the fiscal year ended June 30, 2013 by $154,000. The revised net income for the Company's fourth quarter of 2013, after this charge, is $4,000 and the charge increases the net loss attributable to the Company's common shareholders to $100,000, or a loss of $0.01 per share. The corrected net loss for the Company's fiscal year ended June 30, 2013 increases to $10.0 million and net loss attributable to the Company's common shareholders increases to $10.3 million, or a loss of $0.99 per share.

The corrected financial information is included as an Exhibit to this amendment.

The presentation of Adept's financial results for its fourth quarter ended June 30, 2013 included in this Current Report on Form 8-K/A is qualified by a detailed discussion of associated material risks set forth in Adept's filings with the Securities and Exchange Commission. This includes Adept's Annual Report on Form 10-K for the year ended June 30, 2012.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Adept Technology Inc. Fourth Quarter 2013 and Fiscal Year 2013 Balance Sheet and Statement of Operations

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