01—Abstract
Summary
Summary of the 10-K/A filed April 27, 1995. Cited figures are marked; the original filing is the authoritative source.
This is an amended annual report (Form 10-K/A) for Danaher Corporation for the fiscal year ended December 31, 1994.
The amendment adds only Exhibit 27, the Financial Data Schedules, so the filing contains no income statement, balance sheet, cash flow, segment, or management discussion data. The text provided is the cover page and exhibit index. Financial performance cannot be assessed from this document alone.
The full 10-K and the Annual Report to Securityholders (Exhibit 13), which the index references, would be needed for that analysis. The cover page provides basic profile data. Danaher is a Delaware corporation headquartered in Washington, D.C., with common stock listed on the New York and Pacific Stock Exchanges.
As of March 20, 1995, 58,438,288 common shares were outstanding, held by approximately 2,800 holders of record. The aggregate market value of shares held by non-affiliates was approximately $900 milliona. That figure implies a rough per-share value of about $15 for non-affiliate shares, though this is an approximation based on the total non-affiliate float and not a reported price.
The exhibit index points to several material agreements that bear on the company's capital structure and operations: a 1990 credit agreement with Bankers Trust Company as agent, 1992 and 1993 note agreements with institutional lenders, a 1990 agreement between Danaher, Easco Hand Tools, Inc., and Sears, Roebuck and Co., and an employment agreement with CEO George M. Sherman. Most of these are incorporated by reference to earlier filings rather than reproduced here.
02—Key points
Key Highlights
- Filing type is a 10-K/A amendment for fiscal year 1994, filed solely to add Exhibit 27 (Financial Data Schedules); no core financial statements are included in the text provided.
- Approximately 58.4 million common shares outstanding as of March 20, 1995, held by roughly 2,800 holders of record.
- Non-affiliate market value of approximately $900 million, based on the NYSE composite closing price on March 20, 1995.
- Headquartered in Washington, D.C., with a Delaware incorporation and common stock listed on the New York and Pacific Stock Exchanges.
- Material debt-related agreements include a September 1990 credit agreement with Bankers Trust Company as agent and note agreements dated November 1992 and April 1993.
- Exhibit index references a November 1990 agreement among Danaher, Easco Hand Tools, Inc., and Sears, Roebuck and Co., indicating a commercial relationship tied to the Easco subsidiary.
- The Annual Report to Securityholders (Exhibit 13) and Subsidiaries list (Exhibit 22) are referenced but not included in the text provided.
03—Questions
Frequently Asked Questions
What financial results did Danaher report for 1994?
This amended filing does not include the income statement, balance sheet, or cash flow data. Those figures would appear in the Annual Report to Securityholders (Exhibit 13) or the original 10-K, and the Financial Data Schedule (Exhibit 27) that this amendment adds would contain summarized figures. None of those figures appear in the text provided, so no results can be stated from this document.
Why was this 10-K amended?
The filing states that the amendment reflects the inclusion of Exhibit 27, Financial Data Schedules. This suggests the original filing omitted the required standardized financial data schedule, which the amendment supplies.
How many shares are outstanding and what is the company's approximate market value?
As of March 20, 1995, there were 58,438,288 common shares outstanding. The aggregate market value of shares held by non-affiliates was approximately $900 million, based on the NYSE composite closing price on that date.
What significant contracts does Danaher have that investors should know about?
The exhibit index lists a 1990 credit agreement with Bankers Trust Company as agent, note agreements from 1992 and 1993 with various lenders, a 1990 agreement with Easco Hand Tools, Inc. and Sears, Roebuck and Co., and an employment agreement with CEO George M. Sherman dated January 2, 1990. Most are incorporated by reference, so their full terms are not in this document.
Where can investors find the detailed financial analysis for this period?
Investors should review the original Form 10-K for fiscal 1994, the Annual Report to Securityholders (Exhibit 13), and the Financial Data Schedule (Exhibit 27) included in this amendment. Together these provide the income statement, balance sheet, cash flow, and management discussion needed for a full analysis.
04—Continue