AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON AUGUST 13, 1996
REGISTRATION NO. 333-10029
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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AMENDMENT NO. 1
TO
FORM S-4
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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CII TECHNOLOGIES INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 3625 56-1828272
(STATE OR OTHER (PRIMARY STANDARD INDUSTRIAL (I.R.S. EMPLOYER
JURISDICTION OF CLASSIFICATION CODE NUMBER) IDENTIFICATION NUMBER)
INCORPORATION OR
ORGANIZATION)
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1396 CHARLOTTE HIGHWAY
FAIRVIEW, NORTH CAROLINA 28730
(704) 628-1711
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING
AREA CODE, OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
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RAMZI A. DABBAGH
CHIEF EXECUTIVE OFFICER
CII TECHNOLOGIES INC.
1396 CHARLOTTE HIGHWAY
FAIRVIEW, NORTH CAROLINA 28730
(704) 628-1711
(NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER,
INCLUDING AREA CODE, OF AGENT FOR SERVICE)
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COPY TO:
WILSON S. NEELY, ESQ.
SIMPSON THACHER & BARTLETT
425 LEXINGTON AVENUE
NEW YORK, NEW YORK 10017
(212) 455-2000
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APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE OF THE SECURITIES TO THE
PUBLIC: As soon as practicable after the effective date of this Registration
Statement and upon consummation of the transactions described in the enclosed
Proxy Statement and Prospectus.
If the securities being registered on this Form are being offered in
connection with the formation of a holding company and there is compliance
with General Instruction G, check the following box. [_]
THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR
DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT
SHALL FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS
REGISTRATION STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH
SECTION 8(a) OF THE SECURITIES ACT OF 1933 OR UNTIL THIS REGISTRATION
STATEMENT SHALL BECOME EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING
PURSUANT TO SAID SECTION 8(a), MAY DETERMINE.
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SCHEDULE I
CII TECHNOLOGIES INC. AND SUBSIDIARIES
INDEX TO FINANCIAL STATEMENT SCHEDULES
PAGE(S)
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I. CONDENSED FINANCIAL INFORMATION OF REGISTRANT..................... II-7
Notes to Condensed Financial Information of Registrant............. II-10
Schedules not filed herewith are omitted because of the absence of conditions
under which they are required or because the information called for is shown in
the Consolidated Financial Statements or Notes thereto.
II-4
SIGNATURES
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1933, THE REGISTRANT
HAS DULY CAUSED THIS REGISTRATION STATEMENT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED, THEREUNTO DULY AUTHORIZED, IN THE CITY OF FAIRVIEW, STATE OF
NORTH CAROLINA, ON AUGUST 12, 1996.
CII Technologies Inc.
/s/ Ramzi A. Dabbagh
By __________________________________
RAMZI A. DABBAGH
CHAIRMAN OF THE BOARD OF DIRECTORS
AND CHIEF EXECUTIVE OFFICER
We, the undersigned officers and directors of CII Technologies Inc. and each
of us, do hereby constitute and appoint each and any of Ramzi A. Dabbagh, G.
Dan Taylor and David Henning, our true and lawful attorney and agent, with
full power of substitution and resubstitution, to do any and all acts and
things in our name and behalf in any and all capacities and to execute any and
all instruments for us in our names in any and all capacities, which attorney
and agent may deem necessary or advisable to enable said corporation to comply
with the Securities Act of 1933, as amended, and any rules, regulations, and
requirements of the Securities and Exchange Commission, in connection with
this registration statement, including specifically, but without limitation,
power and authority to sign for us or any of us in our names in the capacities
indicated below, any and all amendments (including post-effective amendments)
hereto as well as any additional registration statement filed pursuant to Rule
462(b) of the Securities Act; and we do hereby ratify and confirm all that
said attorney and agent, or his substitute, shall do or cause to be done by
virtue thereof.
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1933, THIS
REGISTRATION STATEMENT HAS BEEN SIGNED BY THE FOLLOWING PERSONS IN THE
CAPACITIES INDICATED ON AUGUST 12, 1996.
SIGNATURE TITLE
/s/ Ramzi A. Dabbagh Chairman of the Board of Directors,
- ------------------------------------- and Chief Executive Officer and
RAMZI A. DABBAGH Director (principal executive
officer)
/s/ G. Daniel Taylor Executive Vice President of Business
- ------------------------------------- Development and Director
G. DANIEL TAYLOR
/s/ David Henning Chief Financial Officer (principal
- ------------------------------------- financial and accounting officer)
DAVID HENNING
/s/ Michael A. Steinback President of Communications
- ------------------------------------- Instruments Inc. and Director
MICHAEL A. STEINBACK
/s/ Douglas Campbell President of Kilovac Division and
- ------------------------------------- Director
DOUGLAS CAMPBELL
II-5
SIGNATURE TITLE
/s/ Michael S. Bruno, Jr. Director
- -------------------------------------
MICHAEL S. BRUNO, JR.
/s/ Daniel A. Dye Director
- -------------------------------------
DANIEL A. DYE
/s/ John P. Flanagan Director
- -------------------------------------
JOHN P. FLANAGAN
/s/ Donald E. Dangott Director
- -------------------------------------
DONALD E. DANGOTT
II-6
CII TECHNOLOGIES INC. AND SUBSIDIARIES
CONDENSED FINANCIAL INFORMATION OF REGISTRANT (PARENT COMPANY)
CONDENSED BALANCE SHEETS
(DOLLARS IN THOUSANDS)
DECEMBER 31,
---------------
1994 1995
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ASSETS
------
CURRENT ASSETS:
Income tax receivable........................................ $ 60 $ 59
Current deferred tax asset................................... 249 455
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Total current assets....................................... 309 514
INVESTMENT IN SUBSIDIARY....................................... 7,862 10,538
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Total...................................................... $8,171 $11,052
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LIABILITIES AND STOCKHOLDERS' EQUITY
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CURRENT LIABILITIES:
Payable due to subsidiary.................................... $ 256 $ 304
Accrued interest............................................. 615 1,141
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Total current liabilities.................................. 871 1,445
LONG-TERM DEBT................................................. 5,750 7,450
CUMULATIVE REDEEMABLE PREFERRED STOCK.......................... 2,287 4,497
COMMON STOCK SUBJECT TO PUT OPTIONS............................ 100 165
STOCKHOLDERS' EQUITY:
Common stock................................................. 9 9
Additional paid-in capital................................... 38 758
Accumulated deficit.......................................... (873) (3,236)
Currency translation loss.................................... (11) (36)
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Total...................................................... $8,171 $11,052
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See notes to condensed financial statements.
II-7
CII TECHNOLOGIES INC. AND SUBSIDIARIES
CONDENSED FINANCIAL INFORMATION OF REGISTRANT (PARENT COMPANY)
CONDENSED STATEMENTS OF OPERATIONS
(DOLLARS IN THOUSANDS)
YEAR ENDED
MAY 11, 1993 -------------------------
TO DECEMBER 31, DECEMBER 31, DECEMBER 31,
1993 1994 1995
--------------- ------------ ------------
INTEREST EXPENSE.................... $ 358 $ 554 $ 689
OTHER EXPENSE....................... -- -- 8
----- ----- -------
LOSS BEFORE EQUITY IN INCOME (LOSS)
OF SUBSIDIARY AND INCOME TAXES..... (358) (554) (697)
INCOME TAX EXPENSE (BENEFIT)........ 142 208 264
----- ----- -------
LOSS BEFORE EQUITY IN INCOME (LOSS)
OF SUBSIDIARY...................... (216) (346) (433)
EQUITY IN INCOME (LOSS) OF
SUBSIDIARY......................... (642) 618 (1,720)
----- ----- -------
NET INCOME (LOSS)................... $(858) $ 272 $(2,153)
===== ===== =======
See notes to condensed financial statements.
II-8
CII TECHNOLOGIES INC. AND SUBSIDIARIES
CONDENSED FINANCIAL INFORMATION OF REGISTRANT (PARENT COMPANY)
CONDENSED STATEMENTS OF CASH FLOWS
(DOLLARS IN THOUSANDS)
YEAR ENDED
MAY 11, 1993 -------------------------
TO DECEMBER 31, DECEMBER 31, DECEMBER 31,
1993 1994 1995
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NET CASH USED IN OPERATING
ACTIVITIES.......................... $ (121) $ (160) $ (114)
NET CASH USED IN INVESTING
ACTIVITIES--
Acquisition of Common Stock of
Communications Instruments, Inc... (7,904) -- (3,700)
NET CASH PROVIDED BY FINANCING
ACTIVITIES:
Proceeds from issuance of debt..... 5,750 -- 1,700
Proceeds from issuance of preferred
stock............................. 2,000 -- 2,000
Proceeds from issuance of common
stock............................. 144 -- 56
Borrowings from subsidiary......... 121 135 48
Receipt on stock subscription
note.............................. 10 25 10
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NET INCREASE (DECREASE) IN CASH...... -- -- --
CASH, BEGINNING OF PERIOD............ -- -- --
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CASH, END OF PERIOD.................. $ -- $ -- $ --
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See notes to condensed financial statements.
II-9
CII TECHNOLOGIES INC. AND SUBSIDIARIES
CONDENSED FINANCIAL INFORMATION OF REGISTRANT (PARENT COMPANY)
NOTES TO CONDENSED FINANCIAL INFORMATION OF REGISTRANT
1. BASIS OF PRESENTATION
The Condensed Financial Information of Registrant reflects the financial
statements of CII Technologies Inc. with its wholly-owned subsidiaries,
Communications Instruments, Inc. Kilovac Corporation, Kilovac International
FSC Limited and Electro-Mech, S.A. DE C.V., presented on the equity method of
accounting in order to comply with the requirements of Schedule I of the Form
S-1 to be filed with the Securities and Exchange Commission.
2. LONG-TERM DEBT
See Note 5 of the Notes to Consolidated Financial Statements.
3. CUMULATIVE REDEEMABLE PREFERRED STOCK AND COMMON STOCK SUBJECT TO PUT
OPTIONS
See Note 11 of the Notes to Consolidated Financial Statements.
4. COMMITMENTS AND CONTINGENCIES
See Note 8 of the Notes to Consolidated Financial Statements.
5. CASH DIVIDENDS PAID TO REGISTRANT
For the fiscal years ending December 31, 1993, 1994 and 1995, CII
Technologies Inc. did not receive any dividends.
II-10