Overview
- IndustrySemiconductors & Related Devices1
- HeadquartersGarland, Texas1
- Incorporated inDE2
- Business address1655 State Highway 66, Garland, Tx 750402
- Filer categoryNon-accelerated filer, Smaller reporting company2
See how the biggest companies compare on our leaderboards
Industry standard for supplier certification. The Company has Underwriters Laboratories (UL) approval on our industrial power controllers.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Cost of revenue63¢$19.8M
- Research and development7¢$2.2M
- Selling, general and admin26¢$8.1M
- Interest1¢$386.0K
- Income tax1¢$194.0K
- Profit2¢$632.0K
Out of $30.6M in revenue.4
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenue | $19.7M5 | $25.4M6 | $22.3M7 | $27.3M8 | $27.8M4 | $30.6M4 | |
| Cost of revenue | $12.2M9 | $13.0M10 | -$13.8M6 | $13.7M7 | $15.2M8 | $15.5M4 | $19.8M4 |
| Research and development | -$1.7M9 | -$1.3M10 | -$1.7M6 | $1.4M7 | $1.7M8 | $2.2M4 | $2.2M4 |
| Selling, general and admin | -$4.2M9 | -$5.4M10 | -$5.7M6 | $5.5M7 | $6.5M8 | $7.7M4 | $8.1M4 |
| Operating expenses | $23.4M8 | $25.4M4 | $30.1M4 | ||||
| Operating income | $1.6M9 | $1.3M10 | $4.3M6 | $1.6M7 | $3.9M8 | $2.4M4 | $556.0K4 |
| Interest | $1.0K4 | $386.0K4 | |||||
| Income before tax | $3.7M8 | $3.5M4 | $826.0K4 | ||||
| Income tax | $218.0K7 | $676.0K8 | $712.0K4 | $194.0K4 | |||
| Net income | $1.4M9 | $1.4M10 | $3.7M6 | $1.5M7 | $3.1M8 | $2.8M4 | $632.0K4 |
| Earnings per share | $1.084 | $0.244 | |||||
| Earnings per share (diluted) | $1.084 | $0.244 | |||||
| Shares (weighted, basic) | 2.6M shares4 | 2.6M shares4 | |||||
| Shares (weighted, diluted) | 2.6M shares4 | 2.6M shares4 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash | $9.4M10 | $14.6M6 | $13.9M7 | $14.6M7 | $15.3M7 | $15.4M4 | $10.3M4 |
| Inventory | $8.7M7 | $10.3M4 | $11.5M4 | ||||
| Current assets | $21.2M9 | $23.8M10 | $27.5M6 | $27.6M7 | $29.9M7 | $31.2M4 | $30.7M4 |
| Property, plant and equipment | $10.8M7 | $22.5M4 | $24.1M4 | ||||
| Total assets | $25.3M9 | $27.6M10 | $31.1M6 | $31.7M7 | $40.8M7 | $53.8M4 | $55.3M4 |
| Accounts payable | $2.0M7 | $1.2M4 | $1.5M4 | ||||
| Short-term debt | $07 | $224.0K4 | $432.0K4 | ||||
| Current liabilities | $1.7M9 | $2.9M10 | $2.9M6 | $2.2M7 | $5.1M7 | $4.4M4 | $4.7M4 |
| Long-term debt | $07 | $3.4M7 | $14.5M4 | $15.3M4 | |||
| Total liabilities | $8.5M8 | $19.0M4 | $20.0M4 | ||||
| Retained earnings | $32.3M8 | $34.9M4 | $35.2M4 | ||||
| Shareholders’ equity | $23.6M10 | $24.7M6 | $28.3M7 | $29.5M8 | $32.3M4 | $34.8M4 | $35.3M4 |
| Shares outstanding | 2.6M shares9 | 2.6M shares10 | 2.6M shares6 | 2.6B shares7 | 2.6M shares8 | 2.6M shares4 | 2.6M shares4 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $1.5M9 | $1.7M10 | $3.9M6 | -$416.0K7 | $3.8M8 | $2.2M4 | -$3.2M4 |
| Stock-based compensation | $98.0K4 | ||||||
| Capital spending | $1.9M9 | $293.0K10 | $249.0K6 | $686.0K7 | $6.3M8 | $13.2M4 | $2.6M4 |
| Free cash flow | -$349.0K | $1.4M | $3.7M | -$1.1M | -$2.5M | -$11.0M | -$5.8M |
| Cash from investing | -$6.3M8 | -$13.2M4 | -$2.6M4 | ||||
| Dividends paid | $258.0K7 | $258.0K8 | $258.0K4 | $258.0K4 | |||
| Cash from financing | $3.1M8 | $11.1M4 | $680.0K4 | ||||
| Dividend per share | $0.109 | $0.1010 | $0.107 | $0.107 | $0.108 | $0.104 | $0.104 |
Corporate structure
MICROPAC INDUSTRIES INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of MICROPAC INDUSTRIES INC
- Vermogensverwaltung Gbr Micropac Filed SC 13D/A on MICROPAC INDUSTRIES INC, latest Nov 5, 2024
- Zeff Capital, LP Filed SC 13G/A on MICROPAC INDUSTRIES INC, latest Jan 3, 2024 (3 filings since Jan 4, 2022)
- MICROPAC INDUSTRIES INC Garland, Texas
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What MICROPAC INDUSTRIES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $1.5M4 Nov 30, 2023 | $1.5M4 Nov 30, 2022 | 0% |
| Buildings and improvements | $21.0M4 Nov 30, 2023 | $498.0K4 Nov 30, 2022 | +4119.5% |
| Machinery and equipment | $10.2M4 Nov 30, 2023 | $10.0M4 Nov 30, 2022 | +2.2% |
| Furniture and fixtures | $2.1M4 Nov 30, 2023 | $1.0M4 Nov 30, 2022 | +99.6% |
| Property and equipment, before depreciation | $36.1M4 Nov 30, 2023 | $33.5M4 Nov 30, 2022 | +7.6% |
| Accumulated depreciation | $12.0M4 Nov 30, 2023 | $11.1M4 Nov 30, 2022 | +8.1% |
| Property and equipment, net | $24.1M4 Nov 30, 2023 | $22.5M4 Nov 30, 2022 | +7.3% |
| Operating-lease assets (leased space) | $14.0K4 Nov 30, 2022 | $67.0K8 Nov 9, 2021 | −79.1% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $10.3M4 Nov 30, 2023 | $15.4M4 Nov 30, 2022 | −33.0% |
Inventory
Leadership
Who has led MICROPAC INDUSTRIES INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerMark W. King May 6, 2008 to Dec 30, 202413
- ChairMark W. King Aug 8, 2023 to Dec 30, 202414
- Chief financial officerPatrick Cefalu Aug 24, 2012 to Jan 3, 202515
Board members and other officers (7)
- Board memberRobert Patrick Hempel Nov 5, 2024 to Dec 30, 202416
- Board memberConnie J. Wood Aug 24, 2012 to Aug 24, 201217
- Board memberEugene A. Robinson Aug 24, 2012 to Aug 24, 201218
- Board memberH. Kent Hearn Aug 24, 2012 to Aug 24, 201219
- Board memberRichard K. Hoesterey Aug 24, 2012 to Aug 24, 201220
- Board memberMark W. King May 6, 2008 to Nov 8, 202213
- Board memberHeinz-Werner Hempel Oct 12, 2007 to Dec 19, 200721
Timeline
- Dec 30, 20248-K Ended a material agreement; Completed an acquisition or sale; Change to shareholders' rights22
- Nov 4, 20248-K Entered a material agreement; Shareholder vote; Regulation FD disclosure23
- Mar 12, 20248-K Shareholder vote24
- Dec 7, 20238-K Other events25
- Sep 7, 20238-K Executive or director change26
- Aug 11, 20238-K Executive or director change27
- Mar 15, 20238-K Shareholder vote28
- Dec 8, 20228-K Other events29
- Mar 16, 20228-K Shareholder vote30
- Dec 9, 20218-K Other events31
- May 6, 2008New chief executive Mark W. King becomes CEO13
Filings
52 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 10 major events, 10 insider forms, 4 large holders, 15 other. The latest 20:
- Jan 3, 20254 PRIMARY DOCUMENT EDGAR
- Dec 30, 2024S-8 POS EDGAR
- Dec 30, 20248-K EDGAR
- Dec 30, 20244 PRIMARY DOCUMENT EDGAR
- Dec 30, 20244 PRIMARY DOCUMENT EDGAR
- Dec 30, 20244 PRIMARY DOCUMENT EDGAR
- Dec 30, 20244 PRIMARY DOCUMENT EDGAR
- Dec 30, 20244 PRIMARY DOCUMENT EDGAR
- Dec 30, 202415-12G EDGAR
- Dec 5, 2024DEFM14C EDGAR
- Dec 4, 2024UPLOAD EDGAR
- Dec 2, 2024CORRESP EDGAR
- Dec 2, 2024PRER14C AMENDMENT NO. 1 EDGAR
- Nov 22, 2024UPLOAD EDGAR
- Nov 12, 2024PREM14C EDGAR
- Nov 5, 20243 OWNERSHIP DOCUMENT EDGAR
- Nov 5, 20243 OWNERSHIP DOCUMENT EDGAR
- Nov 5, 2024SC 13D/A EDGAR
- Nov 4, 20248-K EDGAR
- Oct 8, 202410-Q EDGAR
The 52 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
2 open-market trades by officers, directors and large owners since October 2021: 2 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 4, 2023 | King Mark WChairman and CEO | Buy | 400 | $10.50 | $4.2K | Form 4 |
| Oct 28, 2022 | King Mark WChairman and CEO | Buy | 2,500 | $13.00 | $32.5K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Vermogensverwaltung Gbr MicropacSC 13D/A, 1 filing Nov 5, 202432
- Zeff Capital, LPSC 13G/A, 3 filings Jan 4, 2022 to Jan 3, 202433
SEC filer profile
How MICROPAC INDUSTRIES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARMICROPAC INDUSTRIES INC1
- CIK0000065759
- Employer ID (EIN)75-12251491
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inDelaware1
- Fiscal year endsNovember 301
- Industry code (SIC)3674 Semiconductors & Related Devices1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address1655 State Highway 66, Garland, TX 750401
- Phone21427235711
- Shares outstanding2,578,315 as of Oct 8, 202412
- Public float$7.3M as of May 27, 20234
- On EDGAR sinceJul 17, 19951
- Filings288 in all: 8-K (53), 10-Q (48), 10QSB (41), DEF 14A (24), 4 (19), 10-K (15), 10KSB (14), SC 13G/A (12)1
All 30 form types
SD (11), 3 (10), UPLOAD (5), SC 13G (4), 10-K/A (3), 10-Q/A (3), 10KSB/A (3), 10QSB/A (3), CORRESP (3), DEF 14C (3), 4/A (2), S-8 POS (2), 15-12G (1), 5 (1), 8-K/A (1), DEFA14A (1), DEFM14C (1), PREM14C (1), PRER14C (1), S-8 (1), SC 13D (1), SC 13D/A (1)
- Latest filingsAnnual report (10-K) Feb 7, 2024
Quarterly report (10-Q) Oct 8, 2024
Proxy statement (DEF 14A) Feb 7, 2024
Latest 8-K (8-K) Dec 30, 2024
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14SEC EDGARMark W. King, Chair
- 15
- 16SEC EDGARRobert Patrick Hempel, Board member
- 17SEC EDGARConnie J. Wood, Board member
- 18SEC EDGAREugene A. Robinson, Board member
- 19SEC EDGARH. Kent Hearn, Board member
- 20SEC EDGARRichard K. Hoesterey, Board member
- 21SEC EDGARHeinz-Werner Hempel, Board member
- 22
- 23
- 24SEC EDGARShareholder vote
- 25SEC EDGAROther events
- 26SEC EDGARExecutive or director change
- 27SEC EDGARExecutive or director change
- 28SEC EDGARShareholder vote
- 29SEC EDGAROther events
- 30SEC EDGARShareholder vote
- 31SEC EDGAROther events
- 32
- 33