Attached files
file | filename |
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EX-31.1 - EXHIBIT 31.1 - ORBIT FR INC | c25346exv31w1.htm |
EX-32.1 - EXHIBIT 32.1 - ORBIT FR INC | c25346exv32w1.htm |
EX-23.1 - EXHIBIT 23.1 - ORBIT FR INC | c25346exv23w1.htm |
EX-23.2 - EXHIBIT 23.2 - ORBIT FR INC | c25346exv23w2.htm |
EX-31.2 - EXHIBIT 31.2 - ORBIT FR INC | c25346exv31w2.htm |
EX-32.2 - EXHIBIT 32.2 - ORBIT FR INC | c25346exv32w2.htm |
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment
No. 2 to
FORM 10-K
(Mark One)
þ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the Fiscal Year Ended December 31, 2010
OR
o | 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 0-22583
ORBIT/FR, Inc.
(Exact Name of Registrant as Specified in its Charter)
DELAWARE | 23-2874370 | |
(State or Other Jurisdiction | (IRS Employer | |
of Incorporation or Organization) | Identification No.) | |
506 Prudential Road, Horsham, PA | 19044 | |
(Address of Principal Executive Offices) | (Zip Code) |
(215) 674-5100
(Registrants telephone number, including area code)
(Registrants telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act: None.
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, par value $.01 per share
Indicate by check mark in the registrant is a well-known seasoned issuer, as defined in rule
405 of the Securities Act. Yes o No þ
Indicate by check mark in the registrant is not required to file reports pursuant to Section
13 or Section 15(d) of the act. Yes o No þ
Indicate by check mark whether the registrant (1) has filed all reports required to be filed
by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file such reports) and (2) has been
subject to such filing requirements for the past 90 days. Yes þ No o
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation
S-K is not contained herein, and will not be contained herein, and will not be contained, to the
best of the registrants knowledge, in definitive proxy or information statements incorporated by
reference in Part III of this Form 10-K or any amendment to this Form 10-K o
Indicate by check mark whether the registrant has submitted electronically and posted on its
corporate Web site, if any, every Interactive Data File required to be submitted and posted
pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period
that the registrant was required to submit and post such files). Yes o No o
Indicate by check mark whether the Registrant has submitted electronically and posted on its
corporate website, if any, every interactive data file required to be submitted and posted pursuant
to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the
registrant was required to submit and post such files). Yes o No o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large
accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the
Exchange Act. (Check one):
Large accelerated filer o | Accelerated filer o | Non-accelerated filer o | Smaller reporting company þ | |||
(Do not check if a smaller reporting company) |
Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12-b-2 of
the Act) Yes o No þ
As of June 30, 2010, the last business day of the Registrants most recently completed second
fiscal quarter, the aggregate market value of the voting and non-voting common equity held by
non-affiliates of the Registrant was $4,741,652 (based on the closing price of the Common Stock on
June 30, 2010 of $2.06 per share). The information provided shall in no way be construed as an
admission that any officer, director, or 10% shareholder in the Company may or may not be deemed an
affiliate of the Company or that he/it is the beneficial owner of the shares reported as being held
by him/it, and any such inference is hereby disclaimed. The information provided herein is included
solely for record keeping purposes of the Securities and Exchange Commission. As of March 30, 2010,
6,001,773 shares of Common Stock were outstanding.
ORBIT/FR, Inc.
Index
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Table of Contents
Explanatory Note
This Amendment
No. 2 to the Annual Report on Form 10-K/A (the Amendment) of Orbit/FR, Inc.
(the Company or we) is being filed solely for the purpose of correcting a typographical
error in Exhibits 23.1 and 23.2. Except as described above, no other changes are being made to the Companys Annual Report on
Form 10-K for the fiscal year ended December 31, 2010, as amended (the Form 10-K). This Amendment does not
reflect events occurring after the March 31, 2011 filing of our Form 10-K and does not modify or
update the disclosure contained in the Form 10-K in any way other than as described in this
Explanatory Note.
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Table of Contents
PART IV
ITEM 15. | EXHIBITS, FINANCIAL STATEMENTS SCHEDULE |
Exhibits
3.1 | Amended and Restated Certificate of Incorporation of the Company. (2) |
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3.2 | Bylaws of the Company. (7) |
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4.1 | Specimen Common Stock Certificate of the Company. (2) |
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4.2 | Citizens Bank Term Note, dated December 13, 2010, in the aggregate principal amount of $250,000.† |
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4.3 | Citizens Bank Revolving Demand Note, dated December 13, 2010, in the
aggregate principal amount of $2,250,000.† |
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10.1 | * | Employment Agreement dated January 1, 1997 by and between the Company and Moshe Pinkasy. (1) |
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10.2 | * | 1997 Equity Incentive Plan. (1) |
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10.3 | ORBIT/FR Inc. non-debarment agreement dated February 15, 2000 (4) |
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10.4 | Consent Agreement. (8) |
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10.5 | * | Employment Agreement dated December 16, 2008 by and between the Company and Per Iversen. (9) |
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10.6 | Services Agreement dated August 14, 2009 among the Company, Microwave Vision Group, S.A. and
the other parties thereto. (10) |
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10.7 | Loan Agreement, dated December 13, 2010 by and between the Company and Citizens Bank of Pennsylvania (Equipment Line of Credit).† |
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10.8 | Security Agreement, dated December 13, 2010, by and between the Company and Citizens Bank of Pennsylvania (Equipment Line of Credit).† |
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10.9 | Loan Agreement, dated December 13, 2010, by and between the Company and Citizens Bank of Pennsylvania (Revolving Credit Facility).† |
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10.10 | Security Agreement, dated December 13, 2010, by and between the Company and Citizens Bank of Pennsylvania (Revolving Credit Facility).† |
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14.1 | Employee Ethics Policy. (6) |
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21.1 | Subsidiaries of the Registrant. (3) |
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23.1 | Consent of Cornick, Garber & Sandler, LLP. |
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23.2 | Consent of Ziv Haft Certified Public Accountants (Isr.). |
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24.1 | Power of Attorney.† |
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31.1 | Certification pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 302 of the
Sarbanes-Oxley Act of 2003, of Per Iversen, President and Chief Executive Officer. |
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31.2 | Certification pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 302 of the
Sarbanes-Oxley Act of 2003, of Relland Winand, Chief Financial Officer. |
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32.1 | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2003, of Per Iversen, President and Chief Executive Officer |
|||
32.2 | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2003, of Relland Winand, Chief Financial Officer. |
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Table of Contents
* | Management contract, compensatory plan or arrangement |
|
† | Previously filed |
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(1) | Incorporated by reference to the Companys Registration Statement on Form S-1 (File No.
333-25015), filed with the Commission on April 11, 1997 |
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(2) | Incorporated by reference to Amendment 1 of the Companys Registration Statement on Form S-1
(File No. 333-25015), filed with the Commission on May 19, 1997 |
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(3) | Incorporated by reference to Amendment 2 of the Companys Registration Statement on Form S-1
(File No. 333-25015), filed with the Commission on June 5, 1997 |
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(4) | Incorporated by reference to Companys Annual Report on Form 10-K filed on March 30, 2001 |
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(5) | Incorporated by reference to Companys Annual Report on Form 10-K filed on March 31, 2003 |
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(6) | Incorporated by reference to Companys Annual Report on Form 10-K filed on March 30, 2004 |
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(7) | Incorporated by reference to Companys Quarterly Report on Form 8-K filed on March 26, 2007 |
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(8) | Incorporated by reference to Companys Annual Report on Form 10-K filed on March 29, 2006 |
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(9) | Incorporated by reference to Companys Annual Report on Form 10-K filed on April 15, 2009 |
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(10) | Incorporated by reference to the Companys Quarterly Report on Form 10-Q filed on August 19,
2009 |
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Table of Contents
ORBIT/FR, Inc.
SIGNATURES
Pursuant to the requirements of section 13 or 15(d) of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
ORBIT/FR, Inc |
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Date: November 30, 2011 | /s/ Per Iversen | |||
Per Iversen | ||||
President and Chief Executive Officer |
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