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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K/A

(X) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE

ACT OF 1934 FOR FISCAL YEAR ENDED DECEMBER 31, 1997.
( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934 (NO FEE REQUIRED)

For the transition period from ________________ to ______________.
Commission File No.: 0-10235

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GENTEX CORPORATION

(Exact name of registrant as specified in its charter)

MICHIGAN 38-2030505

(State or other jurisdiction of (I.R.S. Employer

incorporation or organization) Identification No.)

600 N. CENTENNIAL STREET, ZEELAND, MICHIGAN 49464

(Address of principal executive offices) (Zip Code)

(616) 772-1800

(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each Class Name of each exchange on which registered

NONE --------------------------------------------

Securities registered pursuant to Section 12(g) of the Act:
COMMON STOCK, PAR VALUE $.06 PER SHARE

(Title of Class)

Indicate by check mark whether the registrant (1) has filed all reports

required to be filed by Section 13 or 15(d) of the Securities Exchange Act of

1934 during the preceding 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 X No:

--- ---
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405

of Regulation S-K is not contained herein, and will not 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-K or any amendment to

this Form 10-K. ( )
As of March 1, 1998, 35,650,765 shares of the registrant's common stock, par

value $.06 per share, were outstanding. The aggregate market value of the

common stock held by non-affiliates of the registrant (i.e., excluding shares

held by executive officers, directors, and control persons as defined in Rule

405, 17 CFR 203.405) on that date was $1,075,252,410 computed at the closing

price on that date.
Portions of the Company's Proxy Statement for its 1998 Annual Meeting of

Shareholders are incorporated by reference into Part III.
Exhibit Index located at Page 31
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Statements in this Annual Report on Form 10-K which express "belief",

"anticipation" or "expectation" as well as other statements which are not

historical fact, are forward-looking statements and involve risks and

uncertainties described below under the headings "Business" and "Management's

Discussion and Analysis of Results of Operations and Financial Condition" that

could cause actual results to differ materially from those projected. All

forward-looking statements in this Annual Report are based on information

available to the Company on the date hereof, and the Company assumes no

obligation to update any such forward-looking statements.


PART I
ITEM 1. BUSINESS
(A) GENERAL DEVELOPMENT OF BUSINESS
Gentex Corporation (the "Company") designs, develops, manufactures and

markets proprietary products employing electro-optic technology. These

products consist primarily of two product lines: automatic-dimming rearview

mirrors and fire protection products.

The Company was organized in 1974 to manufacture residential smoke

detectors, a product line that has since evolved into a more sophisticated

group of fire protection products for commercial applications. In 1982, the

Company introduced an automatic interior rearview mirror that was the first

commercially successful glare-control product offered as an alternative to the

conventional, manual day/night mirror. In 1987, the Company introduced its

interior Night Vision Safety(TM) (NVS(R)) Mirror, an electrochromic

automatic-dimming interior rearview mirror, providing the first successful

commercial application of electrochromic technology in the automotive industry

and world. Through the use of electrochromic technology, this mirror is

continually variable and automatically darkens to the degree required to

eliminate rearview headlight glare. In 1991, the Company introduced its

exterior Night Vision Safety(TM) Mirror Sub-Assembly, which works as a complete

glare-control system with the interior NVS(R) Mirror. In 1997, the Company

began making volume shipments of three new exterior mirror sub-assembly

products - thin glass flat, convex and aspheric.
(B) FINANCIAL INFORMATION ABOUT INDUSTRY SEGMENTS.
See Note (9) to the Consolidated Financial Statements filed with this

report.
(C) NARRATIVE DESCRIPTION OF BUSINESS
The Company currently manufactures two electro-optic product lines:

automatic-dimming rearview mirrors for the automotive industry and fire

protection products for the commercial building industry.
AUTOMATIC REARVIEW MIRRORS.

Interior NVS(R) Mirrors. In 1987, the Company achieved a significant

technological breakthrough by applying electrochromic technology to the

glare-sensing capabilities of its Motorized Mirror. Through the use of this

technology, the mirror gradually darkens to the degree necessary to eliminate

rearview glare from following vehicle headlights. The NVS(R) Mirror offers all

of the continuous reflectance levels between its approximate 75%

full-reflectance state and its 7% least-reflectance state, taking just a few

seconds to span the entire range. Special electro-optic sensors in the mirror

detect glare and electronic circuitry supplies electricity to darken the mirror

to only the precise level required to eliminate glare, allowing the driver to

maintain maximum vision. This is accomplished by the utilization of two layers

of precision glass with special conductive coatings that are separated by the

Company's proprietary electrochromic materials. When the appropriate light

differential is detected, an electric current causes the electrochromic

material to darken, decreasing the mirror's reflectance, thereby eliminating

glare.
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During 1991, the Company began shipping the first advanced-feature

interior NVS(R) Mirror, the NVS(R) Headlamp Control Mirror, an

automatic-dimming mirror that automatically turns car head- and taillamps "on"

and "off" in response to the level of light observed. During 1992, the Company

began shipping its NVS(R) Lighted Mirror, with map/reading lights, and during

1993, the Company began shipping its NVS(R) Compass Mirror, with an electronic

compass that automatically compensates for changes in the earth's magnetic

field. During 1997, the Company began shipping a third-generation NVS(R)

Headlamp Control Mirror, a second-generation NVS(R) Compass Mirror, and a new

interior NVS(R) Mirror that digitally displays either a compass or outside

temperature reading. The compass and outside temperature display technology

was developed and patented by Prince, a Johnson Controls Company.

The Company sold approximately 1,811,000 interior NVS(R) Mirrors in 1995,

approximately 2,423,000 in 1996, and approximately 2,799,000 in 1997.

During 1997, the unit growth primarily continued as a result of increased

penetration of a number of high-volume light vehicles manufactured in North

America, including pickup trucks and sport/utility vehicles from the Big Three

auto manufacturers, as well as increased penetration of light vehicle models

manufactured outside North America, including new, higher-volume vehicles in

Europe. The Company's interior NVS(R) Mirrors are standard equipment or

factory or distributor/dealer-installed options on the following 1998 and 1998-

1/2 vehicle models:

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TABLE 1. INTERIOR NVS(R) MIRROR AVAILABILITY BY VEHICLE LINE


GM/Cadillac Deville S*

D'Elegance S*

Catera S

Concours S*

Eldorado S*

Eldorado Touring Coupe S*

Seville S*

Seville STS S*

GM/Buick LeSabre Limited S*

Park Avenue (ECC) S

Park Avenue-Ultra (ECC) S

Riviera O*

GM/Oldsmobile 88 Regency (ECC) S

88 LSS (ECC) S

Aurora (ECC) S

Bravada S

GM/Pontiac Bonneville SSE O

GM/Chevrolet Blazer O

C/K Pickup (ECC) O

Suburban (ECC/T) O

GM/GMC C/K Pickup (ECC) O

C/K Crew Cab Pickup (ECC) O

Jimmy O

Yukon (2-Door) (ECC/T) O

Yukon (4-Door) (ECC/T) S

Suburban (ECC/T) O

Ford/Lincoln Town Car Cartier S

Town Car Executive O

Town Car Signature S

Mark VIII S

Navigator O

Ford Crown Victoria (ECC) O

Explorer Limited (EH) S

Explorer (Sport, EB, XLT) (EH) O

Windstar (EH) O

Ford/Mercury Grand Marquis (ECC) O

Mountaineer O

Chrysler LHS S

Concorde O

Town & Country LXi S

Dodge Intrepid O

Grand Caravan ES S

Ram Pickup O

Dakota Pickup O

Durango O

Jeep Grand Cherokee Limited S

Grand Cherokee Laredo O

Audi A8 O

Bentley (RKE) S

BMW 800 Series S

700 Series O

500 Series O

300 Series O

Daewoo Arcadia S

Brougham O

Fiat Lancia Kappa O

Alfa Romeo 164 O

Fiat/Brazil Tempra O

Honda Inspire (5 Cyl.) O

Inspire (6 Cyl.) S

Sabre (5 Cyl.) O

Sabre (6 Cyl.) S

Hyundai Grandeur O

Marcia O

Infiniti Q45 S

J30 S

I30 O

KIA Motors Corp. Potentia (3.0 L) S

(Korea) Potentia (2.2 L) O

Credos O

Lexus GS300 O

GS400 S

LS400 S

RX300 S

SC300 S

SC400 S

Mercedes-Benz S Class Coupe S

S Class Sedans O

SL Roadster O

E Class Convertible O

E Class Sedan O

C Class Sedan O

CLK Coupe O

Mitsubishi Diamante O

Nissan Cima O

Cedric O

Gloria O

Leopard O

Laurel O

Opel Omega O

Porsche 911 O

Rolls Royce (RKE) S

Toyota 4-Runner** O

Avalon XL** (ECC/T) O

Avalon XLS** (ECC) O

Camry** (ECC/T) O

Land Cruiser** O

T-100** O

KEY: S = Standard equipment

O = Optional equipment
EH = NVS(R) Mirror with Automatic Headlamp Control

EL = NVS(R) Mirror with Map Lights

ECC = NVS(R) Mirror with Electronic Compass Display

ECC/T = NVS(R) Mirror w/Electronic Compass and Temperature Display

RKE = NVS(R) Mirror with Remote Keyless Entry

* ECC offered as upgrade option

** NVS(R) Mirrors are offered as optional equipment

through Southeast Toyota Distributors in the

states of FL, GA, NC, SC and AL, and Gulf States

Toyota in the states of TX, MS, AR, LA and OK.


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Exterior NVS(R) Mirror Sub-Assemblies. The Company has devoted

substantial research and development efforts to the development of its

electrochromic technology to permit its use in exterior rearview mirrors.

Exterior NVS(R) mirrors are controlled by the sensors and electronic circuitry

in the interior NVS(R) Mirror, and both the interior and exterior mirrors dim

simultaneously. During 1991, the Company's efforts culminated in a design that

is intended to provide acceptable long-term performance in all environments

likely to be encountered. In 1994, the Company began shipments of its complete

three-mirror system, including the convex (curved glass) wide-angle NVS(R)

Mirror to BMW. During 1997, the Company began making volume shipments of three

new exterior mirror products - - thin glass flat, convex and aspheric. The

Company currently sells its exterior NVS(R) Mirror Sub-Assemblies to eight

exterior mirror suppliers to General Motors, Chrysler, Ford, BMW and

Mercedes-Benz, who assemble the exterior NVS(R) Mirror Sub-Assemblies into full

mirror units for subsequent resale to the automakers.

The Company sold approximately 417,000 exterior NVS(R) Mirror

Sub-Assemblies during 1995, approximately 656,000 in 1996, and approximately

1,079,000 in 1997. During 1997, unit growth accelerated primarily as a result

of the Company's three new exterior mirror products.

The exterior NVS(R) Mirror is standard equipment or a factory-installed

option on the following 1998 and 1998- 1/2 vehicle models.

TABLE 2. EXTERIOR NVS(R) MIRROR AVAILABILITY BY VEHICLE LINE.

GM/Cadillac Concours S Audi A6 (F/C/A) O

D'Elegance S BMW 500 Series (F & C) O

Deville O 700 Series (F & C) O

Eldorado O Mercedes-Benz CLK Coupe (F/A) O

Eldorado Touring Coupe O E Class Convertible (F/A) O

Seville O E Class Sedan (F/A) O

Seville STS S S Class Coupe (F/A) O

GM/Buick LeSabre Limited O S Class Sedan (F/A) O

Park Avenue O SL Roadster (F/A) O

Park Avenue Ultra S

Riviera O KEY: S = Standard Equipment

GM/Chevrolet Suburban (F & C) O O = Optional Equipment

Tahoe (2-Door) (F & C) O

Tahoe (4-Door) (F & C) O F = Flat Glass

GM/GMC Suburban (F & C) O C = Convex Glass

Yukon (2-Door) (F & C) O A = Aspheric Glass

Yukon (4-Door) (F & C) O

GM/Oldsmobile 88 Regency O

Ford/Lincoln Continental O

Town Car Cartier S

Town Car Executive O

Town Car Signature S

Chrysler Town & Country LXi S

Dodge Grand Caravan ES S

Jeep Grand Cherokee Ltd. S

Product Development. The Company plans to continue introducing

additional advanced-feature NVS(R) Mirrors. These models currently include the

third-generation NVS(R) Headlamp Control Mirror, the NVS(R) Lighted Mirror with

incandescent and LED map lamps, the second-generation NVS(R) Compass Mirror,

the NVS(R) Mirror with Remote Keyless Entry, and the NVS(R) Compass/Temperature

Mirror. Also in 1993, the Company introduced an NVS(R) Base Feature Mirror to

target the high-volume, mid-priced vehicle segments, and larger-size interior

and exterior NVS(R) Mirrors for use on vans and light trucks. A
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