8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                Current Report Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

                                October 11, 2007
                ------------------------------------------------
                Date of Report (Date of earliest event reported)


                              Congoleum Corporation
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

              Delaware                 01-13612               02-0398678
- -------------------------------       -----------          ----------------
(State or other jurisdiction of       (Commission          (I.R.S. Employer
         incorporation)              File Number)         Identification No.)

                             3500 Quakerbridge Road
                                  P.O. Box 3127
                           Mercerville, NJ 08619-0127
              -----------------------------------------------------
              (Address of principal executive offices and Zip Code)

                                  609-584-3000
              ----------------------------------------------------
              (Registrant's telephone number, including area code)

                                       N/A
                         -------------------------------
                         (Former name or former address,
                         if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a- 12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))



ITEM 2.02  Results of Operations and Financial Condition

      On October 11, 2007, Congoleum Corporation, a Delaware corporation, issued
a press release announcing it had filed its Form 10-Q for the period ending June
30, 2007. The text of the press release is filed herewith as Exhibit 99, and
incorporated herein by reference.


ITEM 9.01:  Financial Statements and Exhibits

- --------------------------------------------------------------------------------
  EXHIBIT NO.                         DESCRIPTION
- --------------------------------------------------------------------------------
      99        Press release, dated October 11, 2007
- --------------------------------------------------------------------------------


                                    SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


Date:  October 12, 2007             Congoleum Corporation

                                    By:    /s/ Howard N. Feist III
                                           -------------------------
                                    Name:  Howard N. Feist III
                                    Title: Chief Financial Officer

EX-99.1

                                                                    Exhibit 99.1


FOR IMMEDIATE RELEASE

For Further Information:

Howard N. Feist
Chief Financial Officer
(609) 584-3586



              CONGOLEUM CORPORATION FILES SECOND QUARTER FORM 10-Q


MERCERVILLE, NJ, October 11, 2007 - Congoleum Corporation (AMEX:CGM) reported
today that it has filed its Form 10-Q for the period ended June 30, 2007
("10-Q"). As previously reported, Congoleum had delayed filing its 10-Q pending
completion of a review by the SEC of its accounting policies and disclosures
with respect to asbestos liabilities, insurance settlements, and related costs.
The SEC has advised Congoleum that its review has been completed without any
required modification of Congoleum's financial statements or accounting
policies. Therefore Congoleum's financial results reported in the second quarter
10-Q are the same as the preliminary results reported in a press release issued
on August 10, 2007.

Congoleum had also been notified by the American Stock Exchange (the "Amex")
that it was not in compliance with Sections 134 and 1101 of the Amex Company
Guide due to the delay in filing its second quarter 10-Q. By Congoleum filing
its 10-Q, Congoleum expects to be in compliance with those sections of the Amex
Company Guide.

On December 31, 2003, Congoleum Corporation filed a voluntary petition with the
United States Bankruptcy Court for the District of New Jersey (Case No.
03-51524) seeking relief under Chapter 11 of the United States Bankruptcy Code
as a means to resolve claims asserted against it related to the use of asbestos
in its products decades ago.

Congoleum Corporation is a leading manufacturer of resilient flooring, serving
both residential and commercial markets. Its sheet, tile and plank products are
available in a wide variety of designs and colors, and are used in remodeling,
manufactured housing, new construction and commercial applications. The
Congoleum brand name is recognized and trusted by consumers as representing a
company that has been supplying attractive and durable flooring products for
over a century. Congoleum is a 55% owned subsidiary of American Biltrite Inc.
(AMEX: ABL).

The above news release contains certain forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995, that involve
risks, uncertainties and assumptions. These statements can be identified by the
use of the words such as "anticipate," "believe," "estimate," "expect,"
"intend," "plan," "project" and other words of similar meaning. In particular,
these include statements relating to intentions, beliefs or current expectations
concerning, among other things, future performance, results of operations, the



outcome of contingencies such as bankruptcy and other legal proceedings, and
financial conditions. These statements do not relate strictly to historical or
current facts. These forward-looking statements are based on Congoleum's
expectations, as of the date of this release, of future events, and Congoleum
undertakes no obligation to update any of these forward-looking statements.

Although Congoleum believes that these expectations are based on reasonable
assumptions, within the bounds of its knowledge of its business and operations,
there can be no assurance that actual results will not differ materially from
its expectations. Readers are cautioned not to place undue reliance on any
forward-looking statements. Any or all of these statements may turn out to be
incorrect. By their nature, forward-looking statements involve risks and
uncertainties because they relate to events and depend on circumstances that may
or may not occur in the future. Any forward-looking statements made in this
press release speak only as of the date of such statement. It is not possible to
predict or identify all factors that could potentially cause actual results to
differ materially from expected and historical results. Factors that could cause
actual results to differ from expectations include: (i) the future cost and
timing of estimated asbestos liabilities and payments, (ii) the availability of
insurance coverage and reimbursement from insurance companies that underwrote
the applicable insurance policies for the Company for asbestos-related claims,
(iii) the costs relating to the execution and implementation of any plan of
reorganization pursued by Congoleum, (iv) timely reaching agreement with other
creditors, or classes of creditors, that exist or may emerge, (v) satisfaction
of the conditions and obligations under Congoleum's outstanding debt
instruments, (vi) the response from time to time of Congoleum's and its
controlling shareholder's, American Biltrite Inc.'s, lenders, customers,
suppliers and other constituencies to the ongoing process arising from
Congoleum's strategy to settle its asbestos liability, (vii) Congoleum's ability
to maintain debtor-in-possession financing sufficient to provide it with funding
that may be needed during the pendency of its Chapter 11 case and to obtain exit
financing sufficient to provide it with funding that may be needed for its
operations after emerging from the bankruptcy process, in each case, on
reasonable terms, (viii) timely obtaining sufficient creditor and court approval
(including the results of any relevant appeals) of any reorganization plan
pursued by Congoleum and the court overruling any objections to the plan that
may be filed, (ix) compliance with the United States Bankruptcy Code, including
Section 524(g), (x) costs of, developments in, and the outcome of insurance
coverage litigation pending in New Jersey state court involving Congoleum and
certain insurers, (xi) the extent to which Congoleum is able to obtain
reimbursement for costs of the coverage litigation, (xii) the possible adoption
of another party's plan of reorganization which may prove to be unfeasible,
(xiii) the possible elimination of the some or all interests of all existing
shareholders under a plan that may be proposed by Congoleum or any other party,
(xiv) developments in, and the outcome of, proposed federal legislation that, if
adopted, would establish a national trust to provide compensation to victims of
asbestos-related injuries that would be funded by assessments against companies
with asbestos-related liabilities such as Congoleum, (xv) increases in raw
material prices or disruption in supply, (xvi) increased competitive activity
from companies in the flooring industry, some of which have greater resources
and broader distribution channels than Congoleum, (xvii) increases in the costs
of environmental compliance and remediation or the exhaustion of insurance
coverage for such expenses, (xviii) unfavorable developments in the national
economy or in the housing industry in general, including developments arising
from the war in Iraq, (xix) shipment delays, depletion of inventory and
increased production costs resulting from unforeseen disruptions of operations



at any of Congoleum's facilities or distributors, (xx) product warranty costs,
(xxi) changes in distributors of Congoleum's products, (xxii) Congoleum's
interests may not be the same as its controlling shareholder American Biltrite,
Inc., (xxiii) possible future sales by ABI could adversely affect the market for
Congoleum's stock, and (xxiv) the potential impact if the Company is unable to
maintain its listing on the American Stock Exchange. In any event, if Congoleum
is not successful in obtaining sufficient creditor and court approval of a plan
of reorganization, such failure would have a material adverse effect upon its
business, results of operations and financial condition. Actual results could
differ significantly as a result of these and other factors discussed in
Congoleum's annual report on Form 10-K for the year ended December 31, 2006 and
subsequent filings made by Congoleum with the Securities and Exchange
Commission.