UNITED STATES
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): | July 24, 2006 |
Meade Instruments Corp.
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware | 0-22183 | 95-2988062 |
_____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
6001 Oak Canyon, Irvine, California | 92618-5200 | |
_________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
Registrant’s telephone number, including area code: | 949 451-1450 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition.
(a) On July 24, 2006, Meade Instruments Corp. (the "Company") issued a press release announcing that it had delayed its filing of Form 10Q for the quarter ended May 31, 2006 citing additional time needed to complete an independent evaluation of the Company’s stock option grant practices. The Company also reported that it expects net revenue for the fiscal quarter ended May 31, 2006 to be approximately $19 million with a net loss of approximately $3 million or ($0.15) per share, compared to net revenue of approximately $22 million and a net loss of approximately $0.8 million or ($0.04) per share in the prior year quarter. The expected results do not include any adjustments that might result from the independent evaluation of the Company’s stock option grant practices.
A copy of the press release issued by the Company on July 24, 2006 is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
The exhibit to this Current Report is listed in the Exhibit Index set forth elsewhere herein.
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.
Meade Instruments Corp. | ||||
July 26, 2006 | By: | Brent W. Christensen | ||
Name: Brent W. Christensen | ||||
Title: Senior Vice President - Finance & CFO |
Exhibit Index
Exhibit No. | Description | |
99.1 | Press release dated July 24, 2006. |