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- Current report filing (8-K)

Date : 08/09/2012 @ 5:07PM
Source : Edgar (US Regulatory)
Stock : Mocon, Inc. (MM) (MOCO)
Quote : 16.56  0.25 (1.53%) @ 11:48AM
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- Current report filing (8-K)





Washington, D.C.  20549






Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



Date of Report (Date of earliest event reported):  August 9, 2012 (August 8, 2012)




(Exact name of registrant as specified in its charter)







(State or Other Jurisdiction of


(Commission File Number)


(I.R.S. Employer Identification


7500 Mendelssohn Avenue North
Minneapolis, MN



(Address of Principal Executive Offices)


(Zip Code)


(763) 493-6370

(Registrant’s telephone number, including area code)


Not Applicable

(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


o             Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


o             Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


o             Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


o             Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





Section 2 — Financial Information


Item 2.02                                            Results of Operations and Financial Condition.


On August 8, 2012, MOCON, Inc. (“MOCON”) issued a press release announcing its results of operations and financial condition for its second quarter ended June 30, 2012.  A copy of this press release is attached hereto as Exhibit 99.1.


To supplement MOCON’s consolidated financial statements prepared in accordance with United States generally accepted accounting principles (“GAAP”), MOCON’s press release included adjusted net income (loss) and adjusted net income (loss) per share, which are non-GAAP financial measures.  These non-GAAP financial measures show MOCON’s net income (loss) and net income (loss) per share after excluding the impact of certain discrete items related to MOCON’s recent acquisition of PBI-Dansensor A/S and non-cash stock option expense.


MOCON believes the non-GAAP financial measures described above provides additional meaningful information for measuring MOCON’s financial performance and facilitates a better understanding of MOCON’s operating performance as compared to historical performance by factoring out potential differences caused by certain charges that were not historically incurred by MOCON.  MOCON’s management and employees are evaluated, for purposes of determining achievement of certain compensation goals, on the basis of MOCON’s financial performance after excluding the impact of certain of the discrete items that are excluded when calculating the adjusted net income (loss) and adjusted net income (loss) per share.


MOCON believes that non-GAAP financial measures have limitations as analytical tools since they do not reflect all of the amounts associated with MOCON’s operating results as determined in accordance with GAAP and should only be used to evaluate MOCON’s operating results in conjunction with the corresponding GAAP measures.  Accordingly, adjusted net income (loss) per share should not be used as a substitute for the reported GAAP net income (loss) or net income (loss) per share.  Additionally, the calculation of non-GAAP financial measures is not based on any comprehensive or standard set of accounting rules or principles. Accordingly, MOCON’s definitions of adjusted net income (loss) and adjusted net income (loss) per share may differ materially from the definitions of other companies using the same or similar names limiting, to some extent, the usefulness of such measures for comparison purposes.


All of the historical non-GAAP financial measures used in the press release are reconciled to the most directly comparable GAAP measure in the press release.


The information contained in this Item 2.02 and the exhibit to this report shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, and shall not be incorporated by reference into any filings made by MOCON under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.




Section 9 — Financial Statements and Exhibits


Item 9.01                                            Financial Statements and Exhibits.


(d)          Exhibits .







Press Release issued August 8, 2012






Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.








Dated:  August 9, 2012


/s/ Darrell B. Lee



Darrell B. Lee



Vice President, Chief Financial Officer, Treasurer and Secretary









Exhibit No.




Method of Filing








Press Release issued August 8, 2012


Furnished herewith



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