SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-QSB (Mark one) | X | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 1996 OR | _ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File No. 0-1921 ---------- POWER DESIGNS INC. - -------------------------------------------------------------------------------- (Name of Small Business Issuer as specified in its charter) New York 11-1708714 - ------------------------------- ------------ (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) 14 Commerce Drive, Danbury, Connecticut 11717 - --------------------------------------- ----- (Address of principal executive offices) (Zip Code) (203) 748-7001 - -------------------------------------------------------------------------------- (Issuer's Telephone Number, Including Area Code) 250 Executive Drive, Edgewood, New York, 11717 - -------------------------------------------------------------------------------- (Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report) Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the issuer was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes |_| No |X| APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS: Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes |_| No |X| APPLICABLE ONLY TO CORPORATE REGISTRANTS State the number of shares outstanding of each of the issuer's classes of common equity as of the latest practicable date: 2,391,493 as of November 13, 1996 Transitional Small Business Disclosure Format (check one) Yes |_| No |X| Page -1- SIGNATURES Pursuant to the requirements of the Act, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: December 9, 1996 POWER DESIGNS INC. ------------------ (Registrant) By: /s/ Rudolf Zeidler --------------------------- Rudolf Zeidler, President Page -2-