-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HlRzjSVBM1rnmgu4xASVriHXyBxTVznmKI3MHHg3ietWJlgnRRVc3Eobn0MKF++I BaZ3HIb6y6/H96OTvVbQCw== 0000950152-99-005471.txt : 19990628 0000950152-99-005471.hdr.sgml : 19990628 ACCESSION NUMBER: 0000950152-99-005471 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DIEBOLD INC CENTRAL INDEX KEY: 0000028823 STANDARD INDUSTRIAL CLASSIFICATION: CALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS) [3578] IRS NUMBER: 340183970 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: SEC FILE NUMBER: 001-04879 FILM NUMBER: 99652471 BUSINESS ADDRESS: STREET 1: P.O. BOX 3077 STREET 2: 5995 MAYFAIR RD CITY: CANTON STATE: OH ZIP: 44720-8077 BUSINESS PHONE: 3304904000 MAIL ADDRESS: STREET 1: PO BOX 3077 CITY: CANTON STATE: OH ZIP: 44720-8077 11-K 1 DIEBOLD INC. RETIREE MEDICAL FUNDING PLAN 11-K 1 - -------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 - -------------------------------------------------------------------------------- FORM 11-K (X) ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 1998 OR ( ) TRANSITION REPORT PURSUANT TO 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from .......... to.......... Commission file number 1-4879 -------- DIEBOLD, INCORPORATED RETIREE MEDICAL FUNDING PLAN - -------------------------------------------------------------------------------- FOR NEWARK HOURLY EMPLOYEES --------------------------- (Full title of the plan) Diebold, Incorporated 5995 Mayfair Road P.O. Box 3077 North Canton, ------------------------------------------------------------------- Ohio 44720-8077 --------------- (Name of issuer of the securities held by the plan and the address of its principal executive office) 2 REQUIRED INFORMATION Audited plan financial statements and schedules prepared in accordance with the financial reporting requirements of the Employee Retirement Income Security Act of 1974, as amended, are filed herewith in lieu of the requirements of an audited statement of financial condition and statement of income and changes in plan equity. Financial Statements and Exhibits --------------------------------- A) The following financial statements and schedules are filed as part of this annual report: 1) Statement of Net Assets Available for Benefits (with Fund Information) - December 31, 1998 and 1997 2) Statement of Changes in Net Assets Available for Benefits (with Fund Information) - Year Ended December 31, 1998 and 1997 3) Notes to Financial Statements - December 31, 1998 and 1997 4) Schedule 1 - Line 27 a - Schedule of Assets Held for Investment Purposes - December 31, 1998 5) Schedule 2a and 2b - Line 27 d - Schedule of Reportable Transactions - Year Ended December 31, 1998 B) The following exhibit is filed as part of this annual report: 23. Consent of Independent Auditors All other schedules required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because there is no information to report. -2- 3 INDEPENDENT AUDITORS' REPORT The Plan Administrator and Participants Diebold, Incorporated Retiree Medical Funding Plan for Newark Hourly Employees We have audited the accompanying statements of net assets available for benefits of Diebold, Incorporated Retiree Medical Funding Plan for Newark Hourly Employees as of December 31, 1998 and 1997, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Diebold, Incorporated Retiree Medical Funding Plan for Newark Hourly Employees as of December 31, 1998 and 1997, and the changes in net assets available for benefits for the year ended December 31, 1998 and 1997 in conformity with generally accepted accounting principles. Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of assets held for investment purposes and reportable transactions are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The fund information in the statements of net assets available for benefits and the statements of changes in net assets available for benefits is presented for purposes of additional analysis rather than to present the net assets available for benefits and changes in net assets available for benefits of each fund. The supplemental schedules and fund information have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. /s/KPMG LLP KPMG LLP Cleveland, Ohio June 21, 1999 -3- 4 DIEBOLD, INCORPORATED RETIREE MEDICAL FUNDING PLAN FOR NEWARK HOURLY EMPLOYEES STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS (WITH FUND INFORMATION) DECEMBER 31, 1998
PARTICIPANT DIRECTED ---------------------------------------------------------------- MANAGED COMPANY GROWTH EQUITY INCOME STOCK COMPANY INDEX BALANCED PORTFOLIO FUND FUND FUND FUND ------------- ----------- ---------- --------- ------------ Assets: Investments Guaranteed Investment Contracts- Fidelity Managed Income Portfolio $ -- $ -- $ -- $ -- $ -- Equities - Diebold Incorporated Common Shares -- 414,980 -- -- -- Mutual funds - Fidelity Mutual Funds -- -- -- -- -- Short-term investments - Fidelity Retirement Government Money Market -- -- -- -- -- Victory Financial Reserves Fund -- -- -- -- -- -------- --------- --------- --------- -------- Total investments -- 414,980 -- -- -- Cash 2,949 8,397 365 3,611 994 Accrued Income 311 23 -- 9 1 Accounts receivable 58,288 -- 269,216 152,353 95,956 -------- --------- --------- --------- -------- 61,548 423,400 269,581 155,973 96,951 Accounts Payable -- -- -- -- -- -------- --------- --------- --------- -------- Net assets available for plan benefits: $ 61,548 $ 423,400 $ 269,581 $ 155,973 $ 96,951 ======== ========= ========= ========= ========
----------------------------- INVESTMENT RETIREMENT TOTAL GRADE BOND GOVERNMENT ALL FUNDS FUND FUND ------------- -------------- ---------- Assets: Investments Guaranteed Investment Contracts- Fidelity Managed Income Portfolio $ -- $ -- $ -- Equities - Diebold Incorporated Common Shares -- -- 414,980 Mutual funds - Fidelity Mutual Funds 253 -- 253 Short-term investments - Fidelity Retirement Government Money Market -- -- -- Victory Financial Reserves Fund -- -- -- -------- -------- ---------- Total investments 253 -- 415,233 Cash 1,009 2,266 19,591 Accrued Income 254 5 603 Accounts receivable 52,284 81,481 709,578 -------- -------- ---------- 53,800 83,752 1,145,005 Accounts Payable 253 -- 253 -------- -------- ---------- Net assets available for plan benefits: $ 53,547 $ 83,752 $1,144,752 ======== ======== ==========
See accompanying notes to financial statements. -4- 5 DIEBOLD, INCORPORATED RETIREE MEDICAL FUNDING PLAN FOR NEWARK HOURLY EMPLOYEES STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS (WITH FUND INFORMATION) DECEMBER 31, 1997
PARTICIPANT DIRECTED ------------------------------------------------------------- MANAGED COMPANY GROWTH EQUITY INCOME STOCK COMPANY INDEX BALANCED PORTFOLIO FUND FUND FUND FUND ------------- ----------- ---------- --------- ------------ Assets: Investments Guaranteed Investment Contracts- Fidelity Managed Income Portfolio $ 48,915 $ -- $ -- $ -- $ - Equities - Diebold Incorporated Common Shares -- 470,964 -- -- - Mutual funds - Fidelity Mutual Funds -- -- 183,917 105,614 72,272 Short-term investments - Fidelity Retirement Government Money Market -- -- -- -- - Victory Financial Reserves Fund 2,156 24,384 10,539 4,154 2,500 -------- --------- --------- --------- -------- Total investments 51,071 495,348 194,456 109,768 74,772 Accrued Income 250 80 32 11 6 -------- --------- --------- --------- -------- 51,321 495,428 194,488 109,779 74,778 Accounts Payable 244 -- -- -- - -------- --------- --------- --------- -------- Net assets available for plan benefits: $ 51,077 $ 495,428 $ 194,488 $ 109,779 $ 74,778 ======== ========= ========= ========= ========
---------------------------- INVESTMENT RETIREMENT TOTAL GRADE BOND GOVERNMENT ALL FUNDS FUND FUND ------------- -------------- ---------- Assets: Investments Guaranteed Investment Contracts- Fidelity Managed Income Portfolio $ -- $ -- $ 48,915 Equities - Diebold Incorporated Common Shares -- -- 470,964 Mutual funds - Fidelity Mutual Funds 44,677 -- 406,480 Short-term investments - Fidelity Retirement Government Money Market -- 68,361 68,361 Victory Financial Reserves Fund 1,890 3,349 48,972 -------- -------- ---------- Total investments 46,567 71,710 1,043,692 Accrued Income 237 320 936 -------- -------- ---------- 46,804 72,030 1,044,628 Accounts Payable 232 311 787 -------- -------- ---------- Net assets available for plan benefits: $ 46,572 $ 71,719 $1,043,841 ======== ======== ==========
See accompanying notes to financial statements. -5- 6 DIEBOLD, INCORPORATED RETIREE MEDICAL FUNDING PLAN FOR NEWARK HOURLY EMPLOYEES STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS (WITH FUND INFORMATION) DECEMBER 31, 1998
PARTICIPANT DIRECTED -------------------------------------------------------------------- MANAGED COMPANY GROWTH EQUITY INCOME STOCK COMPANY INDEX BALANCED PORTFOLIO FUND FUND FUND FUND ------------ ----------- ----------- ---------- ------------ Additions: Contributions Participant $ 8,570 $ 68,660 $ 34,000 $ 16,587 $ 10,245 Employer 2,507 20,598 10,267 4,930 3,123 -------- --------- --------- --------- -------- 11,077 89,258 44,267 21,517 13,368 Investment income: Registered Investment Funds 3,243 387 18,816 2,925 9,335 Dividends -- 6,035 -- -- -- Net appreciation/(depreciation) in the fair value of investments -- (145,249) 36,728 29,645 6,387 -------- --------- --------- --------- -------- 3,243 (138,827) 55,544 32,570 15,722 -------- --------- --------- --------- -------- Total additions 14,320 (49,569) 99,811 54,087 29,090 Deductions: Withdrawals (3,359) (28,361) (24,116) (6,081) (5,953) -------- --------- --------- --------- -------- Excess of additions over 10,961 (77,930) 75,695 48,006 23,137 deductions Transfers between funds (490) 5,902 (602) (1,812) (964) Net assets available for plan benefits: Beginning of year 51,077 495,428 194,488 109,779 74,778 -------- --------- --------- --------- -------- End of year $ 61,548 $ 423,400 $ 269,581 $ 155,973 $ 96,951 ======== ========= ========= ========= ========
---------------------------- INVESTMENT RETIREMENT TOTAL ALL GRADE BOND GOVERNMENT FUNDS FUND FUND --------------- ------------ ----------- Additions: Contributions Participant $ 6,919 $ 12,280 $ 157,261 Employer 2,077 3,987 47,489 -------- -------- ----------- 8,996 16,267 204,750 Investment income: Registered Investment Funds 3,159 3,752 41,617 Dividends -- -- 6,035 Net appreciation/(depreciation) in the fair value of investments 728 -- (71,761) -------- -------- ----------- 3,887 3,752 (24,109) -------- -------- ----------- Total additions 12,883 20,019 180,641 Deductions: Withdrawals (4,859) (7,001) (79,730) -------- -------- ---------- Excess of additions over 8,024 13,018 100,911 deductions Transfers between funds (1,049) (985) -- Net assets available for plan benefits: Beginning of year 46,572 71,719 1,043,841 -------- -------- ----------- End of year $ 53,547 $ 83,752 $ 1,144,752 ======== ======== ===========
See accompanying notes to financial statements. -6- 7 DIEBOLD, INCORPORATED RETIREE MEDICAL FUNDING PLAN FOR NEWARK HOURLY EMPLOYEES STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS (WITH FUND INFORMATION) DECEMBER 31, 1997
PARTICIPANT DIRECTED ------------------------------------------------------------------------ MANAGED COMPANY GROWTH EQUITY INCOME STOCK COMPANY INDEX BALANCED PORTFOLIO FUND FUND FUND FUND ------------ ----------- ----------- --------- ------------ Additions: Contributions Participant $ 11,514 $ 84,626 $ 43,134 $ 19,627 $ 13,647 Employer 3,198 24,960 12,858 5,469 4,203 -------- --------- --------- --------- -------- 14,712 109,586 55,992 25,096 17,850 Investment income: Registered Investment Funds 2,670 330 17,617 2,325 8,518 Dividends -- 4,086 -- -- -- Net appreciation in the fair value of investments -- 88,684 8,613 22,899 4,429 -------- --------- --------- --------- -------- 2,670 93,100 26,230 25,224 12,947 -------- --------- --------- --------- -------- Total additions 17,382 202,686 82,222 50,320 30,797 Deductions: Withdrawals (2,923) (22,920) (7,677) (5,865) (2,628) -------- --------- --------- --------- -------- Excess of additions over 14,459 179,766 74,545 44,455 28,169 deductions Transfers between funds (4,723) 37,485 (8,500) (7,672) (5,698) Net assets available for plan benefits: Beginning of year 41,341 278,177 128,443 72,996 52,307 -------- --------- --------- --------- -------- End of year $ 51,077 $ 495,428 $ 194,488 $ 109,779 $ 74,778 ======== ========= ========= ========= ========
------------------------------ INVESTMENT RETIREMENT TOTAL ALL GRADE BOND GOVERNMENT FUNDS FUND FUND --------------- -------------- ----------- Additions: Contributions Participant $ 9,767 $ 17,611 $ 199,926 Employer 2,931 5,488 59,107 -------- -------- ----------- 12,698 23,099 259,033 Investment income: Registered Investment Funds 2,601 3,221 37,282 Dividends -- -- 4,086 Net appreciation in the fair value of investments 956 -- 125,581 -------- -------- ----------- 3,557 3,221 166,949 -------- -------- ----------- Total additions 16,255 26,320 425,982 Deductions: Withdrawals (2,858) (1,201) (46,072) -------- -------- ----------- Excess of additions over 13,397 25,119 379,910 deductions Transfers between funds (3,904) (6,988) -- Net assets available for plan benefits: Beginning of year 37,079 53,588 663,931 -------- -------- ----------- End of year $ 46,572 $ 71,719 $ 1,043,841 ======== ======== ===========
See accompanying notes to financial statements. -7- 8 DIEBOLD, INCORPORATED RETIREE MEDICAL FUNDING PLAN FOR NEWARK HOURLY EMPLOYEES NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 1998 AND 1997 (1) Description of the Plan ----------------------- The following brief description of the Diebold, Incorporated Retiree Medical Funding Plan for Newark Hourly Employees (the "Plan") provides only general information. Participants should refer to the Plan document for a more complete description of the Plan's provisions. (a) General ------- The Board of Directors of Diebold, Incorporated (the "Employer") established this defined contribution plan effective as of August 16, 1994. The Plan covers all hourly employees of the Employer at the Newark, Ohio facility who are represented by Local 710 of the International Union of Electrical Workers, who have completed ninety days of employment and have attained the age of twenty-one. The Plan is subject to certain provisions of the Employee Retirement Income Security Act of 1974 (ERISA). (b) Contributions ------------- For the years ended December 31, 1998 and 1997, the Plan allowed each participant to contribute from one to three percent (in one percent increments) of pre-tax compensation, but not in excess of the maximum amount permitted by the Internal Revenue Code of 1986. In 1998 and 1997, the Employer contributed as a Basic Matching Contribution an amount equal to thirty percent of participant's pre-tax contributions during each payroll period up to three percent of the participant's compensation in such payroll period. (c) Participants' Accounts ---------------------- The Employer, as the Plan administrator for the Plan, established two separate accounts for each participant, a Regular Account and a Retiree Medical Funding Account. All participant contributions are deposited into the Regular Account and all Employer contributions are deposited into the Retiree Medical Funding Account. Each participant may direct that his or her contributions to the Regular Account as well as all Employer contributions to the Retiree Medical Funding Account be invested in the Managed Income Portfolio, the Company Stock Fund, the Growth Company Fund, the Equity Index Portfolio, the Balanced Fund, the Investment Grade Bond Fund, the Retirement Government Money Market Fund, or any combination thereof with the minimum investment in any fund/portfolio of ten percent. (d) Vesting ------- A participant's pre-tax contributions and earnings and the Employer's pre-tax contributions and earnings are immediately vested and nonforfeitable. (e) Distribution of Benefits ------------------------ Upon termination of service with the Employer or affiliate, a participant shall receive his or her total account balance in a lump sum payment if such total account balance does not exceed $3,500. Otherwise, the participant may elect to receive his or her total account balance in a lump sum payment upon termination, defer receipt until retirement date, or make a direct rollover to a qualified plan. A participant entitled to a distribution may elect to receive the portion of his or her lump sum distribution payable from the Company Stock Fund in cash or Employer's stock. -8- 9 DIEBOLD, INCORPORATED RETIREE MEDICAL FUNDING PLAN FOR NEWARK HOURLY EMPLOYEES NOTES TO FINANCIAL STATEMENTS (continued) (f) Withdrawals ----------- A financial hardship provision is available, enabling a participant to withdraw an amount to cover an immediate and heavy financial need. (g) Expenses -------- All costs and expenses incident to the administration of the Plan and the management of the trust fund are paid by the Plan administrator. (2) Summary of Significant Accounting Policies ------------------------------------------ (a) Basis of Presentation --------------------- The accompanying financial statements have been prepared on an accrual basis in accordance with generally accepted accounting principles. (b) Investments ----------- The Plan's investments are stated at fair value as of the last business day of the Plan year, except for investments in the Managed Income Portfolio. This fund is represented by purchases of units in the Fidelity Managed Income Portfolio, which invests primarily in guaranteed investment contracts. The fund is fully benefit-responsive, and accordingly, investments in this fund are valued at the underlying contract value. Shares of registered investment companies are valued at quoted market prices which represent the net asset value of shares held by the Plan at year-end. The Company stock is valued at its quoted market price. All purchases and sales transactions are recorded on a trade date basis. (c) Use of Estimates ---------------- The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported net assets available for benefits and disclosure of contingent assets and liabilities at the date of the financial statements and the reported changes in net assets available for benefits during the reporting period. Actual results could differ from those estimates. (3) Federal Income Taxes -------------------- On September 25, 1996, the Plan received a determination letter from the Internal Revenue Service that the Plan qualified under the provisions of Section 401(a) and 401(k) of the Internal Revenue Code and that the trust was exempt from federal income taxes under section 501(c). The Plan administrator believes that the Plan continues to qualify under the provisions of Section 401(a) and 401(k) and that the trust is exempt from federal income taxes. (4) Plan Termination ---------------- Although it has not expressed any intent to do so, the Employer reserves the right at any time, by action of its Board of Directors, to terminate the Plan or discontinue contributions thereto. (5) Subsequent Events ----------------- Subsequent to the Plan year-end, all funds were transferred to another trustee. As of January 1, 1999 all funds were transferred to The Vanguard Group. -9- 10 Schedule 1 ---------- DIEBOLD, INCORPORATED RETIREE MEDICAL FUNDING PLAN FOR NEWARK HOURLY EMPLOYEES LINE 27 a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES DECEMBER 31, 1998 EIN: 34-0183970 Plan Number: 014
Column A Column B Column C Column D Column E - ------------------- ------------------------------------------------------------------ -------------------- -------------------- Identity of Issue, Description of Investment Including Borrower, Lessor, or Maturity Date, Rate of Interest, Similar Party Collateral, Par, or Maturity Value Cost Current Value - ------------------- ----------------------- ------------------------------------------ -------------------- -------------------- * Diebold, Incorporated 11,628 Shares Common Stock $ 7,410 $ 414,980 Fidelity Investments Investment Grade Bond Fund 244 253 ==================== ==================== $ 367,564 $ 415,233 ==================== ====================
- ---------------------- * Party-in-interest See accompanying independent auditors' report. -10- 11 Schedule 2a ----------- DIEBOLD, INCORPORATED RETIREE MEDICAL FUNDING PLAN FOR NEWARK HOURLY EMPLOYEES Line 27(d) - Schedule of Reportable (5%) Transactions Year ended December 31, 1998 Ein: 34-0183970 Plan Number: 014 - -------------------------------------------------------------------------------- Series transactions, when aggregated, involving an amount in excess of 5 percent - -------------------------------------------------------------------------------- of the current value of Plan assets: - ------------------------------------
Column A Column B Column C Column D Column E - ----------------- ---------------- -------------- ---------------- ------------- Total Dollar Identity of Party Description of Value of Total Dollar Involved Assets Purchases Value of Sales Lease Rental - ----------------- ---------------- -------------- ---------------- ------------- Common Stock; $ -- 9 purchases; $ 95,069 $ 3,958 -- Diebold, Inc. 1 sale Mutual Fund; 17,744 153,003 -- Fidelity Equity 13 purchases; Index Fund 1 sale Fidelity Mutual Fund; 9,776 54,929 -- Investment 22 purchases; Grade Fund 5 sales Fidelity 15,652 84,013 -- Retirement Mutual Fund; Government 19 purchases; Fund 3 sales Mutual Fund 53,350 273,995 -- Fidelity Growth 11 purchases; Company Fund; 4 sales Mutual Fund; 18,917 97,576 -- Fidelity 14 purchases; Balanced Fund 4 sales Victory Financial 200,940 249,912 -- Key Trust Reserves Fund; Company of 405 purchases; Ohio, N.A. 108 sales Fidelity Managed Mutual Fund; 11,065 59,981 -- Income Portfolio 18 purchases; Fund 3 sales
Column A Column B Column F Column G Column H Column I - ----------------- ---------------- ------------------- --------------- ------------------ ----------------- Current Value of Identity of Party Description of Expense Incurred Asset on Involved Assets with Transaction Cost of Asset Transaction Date Net Gain or Loss - ----------------- ---------------- ------------------- --------------- ------------------ ----------------- Common Stock; $ -- 9 purchases; -- $ 98,017 $ 99,027 $ 1,010 Diebold, Inc. 1 sale Mutual Fund; -- 106,938 170,747 63,809 Fidelity Equity 13 purchases; Index Fund 1 sale Fidelity Mutual Fund; -- 62,867 64,705 1,838 Investment 22 purchases; Grade Fund 5 sales Fidelity -- 99,665 99,665 -- Retirement Mutual Fund; Government 19 purchases; Fund 3 sales Mutual Fund -- 267,706 327,345 59,639 Fidelity Growth 11 purchases; Company Fund; 4 sales Mutual Fund; -- 102,610 116,492 13,882 Fidelity 14 purchases; Balanced Fund 4 sales Victory Financial -- 450,852 450,852 -- Key Trust Reserves Fund; Company of 405 purchases; Ohio, N.A. 108 sales Fidelity Managed Mutual Fund; -- 71,046 71,046 -- Income Portfolio 18 purchases; Fund 3 sales
See accompanying independent auditors' report. -11- 12 Schedule 2b ----------- DIEBOLD, INCORPORATED RETIREE MEDICAL FUNDING PLAN FOR NEWARK HOURLY EMPLOYEES Line 27(d) - Schedule of Reportable (5%) Transactions Year ended December 31, 1998 Ein: 34-0183970 Plan Number: 014 - -------------------------------------------------------------------------------- Single transactions, involving an amount in excess of 5 percent of the current - ------------------------------------------------------------------------------ value of Plan assets: - ---------------------
Column A Column B Column C Column D Column E - ------------------ ---------------- ---------------- --------------- ---------------- Total Dollar Identity of Party Description of Value of Total Dollar Involved Assets Purchases Value of Sales Lease Rental - ------------------ ---------------- ---------------- --------------- ---------------- Mutual Fund; Fidelity sale Balanced Fund 5,865,252 units $ -- $ 95,956 $ -- Mutual Fund; Fidelity Equity sale Index Fund 3,465,728 units -- 152,353 -- Mutual Fund; Fidelity Growth sale Company Fund 5,276,684 units -- 269,216 -- Fidelity Retirement Mutual Fund; Government sale Fund 81,481,220 units -- 81,481 -- Fidelity Mutual Fund; Investment sale Grade Fund 7,074,947 units -- 52,284 -- Fidelity Managed Mutual Fund; Income Portfolio sale Fund 58,280,520 units -- 58,281 --
Column A Column B Column F Column G Column H Column I - ------------------ ---------------- ------------------- -------------- ------------------- ----------------- Current Value of Identity of Party Description of Expense Incurred Asset on Involved Assets with Transaction Cost of Asset Transaction Date Net Gain or Loss - ------------------ ---------------- ------------------- -------------- ------------------- ----------------- Mutual Fund; Fidelity sale Balanced Fund 5,865,252 units $ -- $ 82,287 $ 89,643 $ 13,669 Mutual Fund; Fidelity Equity sale Index Fund 3,465,728 units -- 88,775 122,758 63,578 Mutual Fund; Fidelity Growth sale Company Fund 5,276,684 units -- 210,094 232,509 59,122 Fidelity Retirement Mutual Fund; Government sale Fund 81,481,220 units -- 81,481 81,481 -- Fidelity Mutual Fund; Investment sale Grade Fund 7,074,947 units -- 50,531 51,588 1,753 Fidelity Managed Mutual Fund; Income Portfolio sale Fund 58,280,520 units -- 58,281 58,281 --
See accompanying independent auditors' report. -12- 13 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. DIEBOLD, INCORPORATED RETIREE MEDICAL FUNDING PLAN FOR NEWARK HOURLY EMPLOYEES ------------------------------------------------------------------------------ (Name of Plan) Date: June 22, 1999 By: /s/Gerald F. Morris -------------- ----------------------- Gerald F. Morris Executive Vice President and Chief Financial Officer (Principal Accounting and Financial Officer) -13- 14 DIEBOLD, INCORPORATED FORM 11-K INDEX TO EXHIBITS EXHIBIT NO. PAGE NO. ----------- -------- 23. Consent of Independent Auditors 15 -14- EX-23 2 EXHIBIT 23 1 EXHIBIT 23 Consent of Independent Auditors ------------------------------- The Board of Directors Diebold, Incorporated We consent to incorporation by reference in the Registration Statement (No.33-54675) on Form S-8 of Diebold, Incorporated of our report dated June 21, 1999, relating to the statements of net assets available for benefits of the Diebold, Incorporated Retiree Medical Funding Plan for Newark Hourly Employees as of December 31, 1998 and 1997, and the related statements of changes in net assets available for benefits for the years ended December 31, 1998 and 1997, which report appears in the December 31, 1998 annual report on Form 11-K of the Diebold, Incorporated Retiree Medical Funding Plan for Newark Hourly Employees. /s/KPMG LLP - ----------- KPMG LLP Cleveland, Ohio June 21, 1999 -15- -----END PRIVACY-ENHANCED MESSAGE-----