Last $0.04 USD
Change Today +0.0009 / 2.07%
Volume 12.5K
ADFS On Other Exchanges
As of 8:10 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

american defense systems inc (ADFS) Snapshot

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52 Week High
08/26/13 - $0.10
52 Week Low
01/23/14 - $0.04
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Average Volume 10 Days
Shares Outstanding
Dividend Yield

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american defense systems inc (ADFS) Details

American Defense Systems, Inc., together with its subsidiaries, engages in the design and supply of transparent and opaque armor solutions for military and commercial applications. It offers crew protection kits that provide armor protection of operator compartments; VistaSteel transparent armor, a laminated glass that provides defensive barrier to protect against firearms, physical attack, and explosive blasts; VistaSteel opaque armors; lightweight armor systems; and VistaGuard windows, which are forced entry blast resistant windows, window frames, and transparent armor assemblies used to mitigate forced entry, ballistic, and terrorist threats in high visibility targets. The company also provides portable transparent ballistic shield, a bullet-resistant transparent mobile shield; heated ballistic ship windows; and hardware products, such as hinges, rotary and slam latches, combat locks, and egress windows. Its armor solutions for construction equipment, and tactical and non-tactical transport vehicles are designed to protect their occupants from landmines, hostile fire, and improvised explosive devices. In addition, the company offers engineering and consulting services; and develops and installs detention and security hardware, entry control and monitoring systems, intrusion detection systems, and security glass. Its products are used in transport and fighting vehicles, construction equipment, sea craft, and various fixed structures, which require ballistic and blast attenuation. American Defense Systems, Inc. serves various branches of the United States military, including the United States Department of Defense; and other United States government, law enforcement, and correctional agencies, as well as private sector customers. The company was founded in 1994 and is headquartered in Lillington, North Carolina.

24 Employees
Last Reported Date: 04/16/12
Founded in 1994

american defense systems inc (ADFS) Top Compensated Officers

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Executives, Board Directors

american defense systems inc (ADFS) Key Developments

American Defense Systems Files Form 15

American Defense Systems, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock, par value $0.001 under the Securities Exchange Act of 1934, as amended.

American Defense Systems, Inc. Appoints Elliott Davis PLLC Replacing Marcum LLP as Public Accounting Firm

On February 5, 2013, American Defense Systems, Inc. informed Marcum LLP that, effective February 5, 2013, Marcum would no longer serve as the company’s independent registered public accounting firm. The dismissal was approved by the company’s Board of Directors on February 5, 2013. On February 5, 2013, the company’s Board of Directors approved the engagement of Elliott Davis PLLC as its independent registered public accounting firm for the company’s fiscal year ended December 31, 2012.

American Defense Systems, Inc. Announces Executive Changes

On December 20, 2012, Kevin J. Healy resigned his position Chief Operating Officer and General Counsel of American Defense Systems, Inc. On December 21, 2012, Alfred M. Gray resigned his position as interim Chief Executive Officer of the Company. On December 21, 2012, each of Pasquale J. D'Amuro, Gray, Healy, Stephen R. Seiter, and Victor F. Trizzino, resigned as members of the Board of Directors of the Company. At the time of the resignations, Mr. D'Amuro was a member of the company's Compensation Committee, Nominating and Corporate Governance Committee and Executive Committee; Mr. Gray was a member of the Company's Audit Committee, Compensation Committee, Nominating and Corporation Governance Committee and Executive Committee; Mr. Seiter was a member of the Company's Audit Committee, Compensation Committee, Nominating and Corporate Governance Committee and Executive Committee; and Mr. Trizzino was a member of the Audit Committee, Nominating and Corporate Governance Committee and Executive Committee. Immediately effective upon the resignations, Dale S. Scales and Joseph Van Hecke were appointed as the only two members of the Board of Directors of the Company as Class III directors; Mr. Scales was appointed as the President and Chief Executive Officer of the Company; and Mr. Van Hecke was appointed as the Secretary of the company. Scales and Van Hecke will serve as members of the company's Board of Directors for a term expiring at the annual meeting of the company's stockholders in 2014, at which time each person's continued service on the Board of Directors will be subject to renomination and stockholders approval. Mr. Scales, worked as a consultant specializing in private equity and venture capital investments, risk analysis, corporate finance strategies and operational management restructurings. Mr. Scales previously served as a member of the board of directors of Active Data Services, a data capturing company, from 2005 to 2009. Mr. Van Hecke, is currently the Managing Member of the Grace Hall Companies. Grace Hall Capital is an asset management firm with over $30 million invested in hedge funds for its clients in various asset classes. Grace Hall Trading is a proprietary trading firm that executes trades in numerous U.S. markets including equities, equity options, and futures.


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Price/Earnings 18.4x
Price/Sales 0.3x
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Price/Cash Flow 6.2x
TEV/Sales 0.3x

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