Hi-Shear Announces an Amendment to Form 10-K for Fiscal Year 2009
September 18 2009 - 5:28PM
Business Wire
Hi-Shear Technology Corporation (NYSE Amex: HSR) today announced
an amendment to its Form 10-K for fiscal year ended May 31,
2009.
The balance sheet for years ending May 31, 2009 and ending May
31, 2008 remain unchanged from their original filing. The Company
is filing this Amendment to comply with new reporting requirements
for the Company pertaining to Form 10-K. Form 10-K requires that
both the current and previous years’ balance sheets be reported.
The Company’s original Form 10-K included only the current year
balance sheet, and this amendment is issued to show both fiscal
years 2008 and 2009 to the 10-K report. To support the addition of
the 2008 balance sheet, a report by the independent registered
public accounting firm, Raimondo Pettit Group, is also included
with this amendment.
This amendment also incorporates the new attachments to the 2009
reporting year 10-K. While the new attachments were originally
filed with the 10-K report on August 5, 2009, they were not posted
to the public website. This amendment will facilitate that public
filing.
Hi-Shear Technology Corporation provides pyrotechnic,
mechanical, and electronic products to prime aerospace customers
for use in aerospace and defense markets where safety, performance
and high reliability are essential. It develops and produces
advanced systems and products that are primarily used worldwide in
space satellites, launch vehicles, national defense, and government
programs.
This release, as it relates to product announcements and other
Company matters, contains forward-looking statements, which are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned
that all forward-looking statements involve risks and uncertainties
including, without limitation, risks related to market acceptance
of and demand for the Company’s new products, dependence on the
uncertainty of government budgetary issues, primary government
contracts, and intellectual property rights.
The Company’s Amendment to Form 10-K will be filed with the
Securities and Exchange Commission on September 18, 2009. The
Amendment to the Form 10-K will be available for download at
www.hstc.com. For more
information regarding this release or general information about the
company contact Ms. Linda A. Nespole, (310) 784-7821.
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