SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------------- FORM 10-K/A NO. 1 FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 AMENDMENT NO. 1 TO ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2003 (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2003 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 NUMBER: 0-26020 APPLIED DIGITAL SOLUTIONS, INC. (Exact name of registrant as specified in its charter) MISSOURI 43-1641533 - --------------------------------- ------------------- (STATE OR OTHER JURISDICTION (I.R.S. EMPLOYER OF INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.) 400 ROYAL PALM WAY, SUITE 410, PALM BEACH, FLORIDA 33480 - ------------------------------------------------------------------------------- (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP-CODE) Registrant's telephone number, including area code: (561) 805-8000 EXPLANATORY NOTE The undersigned registrant hereby amends its Annual Report on Form 10-K for the year ended December 31, 2003, filed by the Registrant on March 15, 2004, to correct errors in Exhibit 23.2 - Consent of PricewaterhouseCoopers LLP. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this amendment to be signed on its behalf by the undersigned thereunto duly authorized. DATE: MARCH 16, 2004 APPLIED DIGITAL SOLUTIONS, INC. (REGISTRANT) By: /s/ Evan C. McKeown ---------------------------------------- Evan C. McKeown, Chief Financial Officer 2