UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB/A
[X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
For the fiscal year ended December 31, 2007
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
Commission File Number 0-25844
TAITRON COMPONENTS INCORPORATED
(Name of Small Business Issuer in Its Charter)
California 95-4249240
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
28040 West Harrison Parkway, Valencia, California 91355-4162
(Address of Principal Executive Offices, Zip Code)
(Issuer's Telephone Number, Including Area Code) (661) 257-6060
Securities registered under Section 12(b) of the Exchange Act:
None
Securities registered under Section 12(g) of the Exchange Act:
Class A common stock, par value $.001 per share
(Title of Class)
Check whether the issuer is not required to file reports pursuant to Section 13
or 15(f) of the Exchange Act. |_|
Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 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 No |_|
Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure will be contained, to
the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB.
Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).
Yes |_| No |X|
Registrant's revenues for its most recent fiscal year: $7,539,000
The aggregate market value of the voting common equity held by non-affiliates of
the registrant as of March 1, 2008 was approximately $5.5 million based upon the
closing price of $1.46 per share.
Number of shares outstanding of each of the issuer's classes of common stock, as
of the latest practicable date:
Class Outstanding on March 1, 2008
------------------------------------- ----------------------------
Class A common stock, $.001 par value 4,777,144
Class B common stock, $.001 par value 762,612
Transitional Small Business Disclosure Format: Yes |_| No |X|
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the registrant's definitive proxy statement relating to registrant's
Annual Meeting of Shareholders are incorporated by reference in Part III of this
Form 10-KSB, which will be filed within 120 days of the registrant's fiscal year
end.
EXPLANATORY NOTE
This Amendment No. 1 on Form 10-KSB/A to our Annual Report on Form 10-KSB for
the fiscal year ended December 31, 2007 that was originally filed with the
Securities and Exchange Commission on March 31, 2008 is being filed to amend our
certification filed pursuant to Exchange Act Rule 13a-14(a). Our certification
was not in the exact form prescribed by Item 601(b)(31) of Regulation S-B as it
omitted (i) paragraph 4(b) and (ii) the portion of the introductory language in
paragraph 4 that refers to the responsibility of the certifying officers for
establishing and maintaining the registrant's internal control over financial
reporting.
This Amendment No. 1 on Form 10-KSB/A does not change our previously reported
financial statements or any of the other disclosures previously contained in
Part I or Part II.
SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Taitron Components Incorporated
Dated: May 2, 2008 By: /s/ Stewart Wang
----------------------
Stewart Wang
Chief Executive Officer, President and
Chief Financial Officer
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