-----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, WAqa6IcOCTQ7QVkTU4eOpjtupOyJCOf0h/wvGIMywjPvKlwnzL8NwCrm4TA7a/0N cbLuu9nSdQGxyjnNfumo1Q== 0000909518-00-000800.txt : 20001215 0000909518-00-000800.hdr.sgml : 20001215 ACCESSION NUMBER: 0000909518-00-000800 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20001122 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20001214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GRAND UNION CO /DE/ CENTRAL INDEX KEY: 0000316236 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 221518276 STATE OF INCORPORATION: DE FISCAL YEAR END: 0403 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-07824 FILM NUMBER: 789356 BUSINESS ADDRESS: STREET 1: 201 WILLOWBROOK BLVD CITY: WAYNE STATE: NJ ZIP: 07470-0966 BUSINESS PHONE: 2018906000 MAIL ADDRESS: STREET 1: 201 WILLOWBROOK BLVD CITY: WAYNE STATE: NJ ZIP: 07470 FORMER COMPANY: FORMER CONFORMED NAME: SUCCESSOR TO GRAND UNION CO/VA/ DATE OF NAME CHANGE: 19600201 8-K 1 0001.txt ================================================================================ 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 ------------------------ Date of Report (Date of Earliest Event Reported): November 22, 2000 THE GRAND UNION COMPANY - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in its Charter) DELAWARE - -------------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 0-26602 22-1518276 - ------------------------------- ------------------------------------ (Commission File Number) (I.R.S. Employer Identification No.) 201 WILLOWBROOK BOULEVARD WAYNE, NEW JERSEY 07470 - -------------------------------------------------------------------------------- (Address of Principal Executive offices) (Zip Code) (973) 890-6000 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code NOT APPLICABLE - -------------------------------------------------------------------------------- (Former Name or Former Address, if changed Since Last Report) ================================================================================ NY2:\992615\03\L9WN02!.DOC\50318.0009 ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS Exhibit No. Exhibit - ----------- ------- 99.1 Monthly Operating Reports. ITEM 9. REGULATION FD DISCLOSURE On November 22, 2000, pursuant to the guidelines of the Office of the United States Trustee (the "U.S. Trustee"), The Grand Union Company, which filed a voluntary chapter 11 petition in the United States Bankruptcy Court in Newark, New Jersey on October 3, 2000, filed with the U.S. Trustee an unaudited (i) profit and loss statement for the 28 days and 12 days ended October 14, 2000, (ii) balance sheet as at October 2, 2000 and October 14, 2000 and (iii) statement of accounts receivable as at October 2, 2000 (collectively, the "Monthly Operating Reports"). A Copy of the Monthly Operating Reports is furnished as Exhibit 99.1 to this Form 8-K and is hereby incorporated by reference. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized. THE GRAND UNION COMPANY Date: December 14, 2000. By: /s/ Glenn J. Smith -------------------------------- Glenn J. Smith Senior Vice President 3 EXHIBIT INDEX Exhibit No. Exhibit - ----------- ------- 99.1 Monthly Operating Reports. 4 EX-99 2 0002.txt EXHIBIT 99.1 The Grand Union Company Case No. 00-39613 (NW) - ----------------------- ------------- Debtor
- ---------------------------------------------------------------------------------------------------------------------- REVENUES Period 7 12 days ended October 14, 2000 - ---------------------------------------------------------------------------------------------------------------------- Gross Revenues 145,544 62,376 - ---------------------------------------------------------------------------------------------------------------------- Less: Returns and Allowances - - - ---------------------------------------------------------------------------------------------------------------------- Net Revenue 145,544 62,376 - ---------------------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD - ---------------------------------------------------------------------------------------------------------------------- Beginning Inventory 118,671 116,875 - ---------------------------------------------------------------------------------------------------------------------- Add: Purchases 85,008 36,432 - ---------------------------------------------------------------------------------------------------------------------- Add: Cost of Labor - ---------------------------------------------------------------------------------------------------------------------- Add: Other Costs (attach schedule) 1,999 857 - ---------------------------------------------------------------------------------------------------------------------- Less: Ending Inventory 115,530 115,530 - ---------------------------------------------------------------------------------------------------------------------- Cost of Goods Sold 107,849 46,221 - ---------------------------------------------------------------------------------------------------------------------- Gross Profit 37,695 16,155 - ---------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ---------------------------------------------------------------------------------------------------------------------- Advertising 1,561 669 - ---------------------------------------------------------------------------------------------------------------------- Auto and Truck Expense - - - ---------------------------------------------------------------------------------------------------------------------- Bad Debts - - - ---------------------------------------------------------------------------------------------------------------------- Contributions - - - ---------------------------------------------------------------------------------------------------------------------- Employee Benefits Programs 2,770 1,187 - ---------------------------------------------------------------------------------------------------------------------- Insider Compensation - - - ---------------------------------------------------------------------------------------------------------------------- Insurance 1,646 706 - ---------------------------------------------------------------------------------------------------------------------- Management Fees/Bonuses 102 44 - ---------------------------------------------------------------------------------------------------------------------- Office Expense - - - ---------------------------------------------------------------------------------------------------------------------- Pension & Profit-Sharing Plans 197 85 - ---------------------------------------------------------------------------------------------------------------------- Repairs and Maintenance 1,937 830 - ---------------------------------------------------------------------------------------------------------------------- Rent and Lease Expense 3,839 1,645 - ---------------------------------------------------------------------------------------------------------------------- Salaries/Commissions/Fees 17,700 7,586 - ---------------------------------------------------------------------------------------------------------------------- Supplies 1,043 447 - ---------------------------------------------------------------------------------------------------------------------- Taxes-Payroll 1,447 620 - ---------------------------------------------------------------------------------------------------------------------- Taxes-Real Estate 879 377 - ---------------------------------------------------------------------------------------------------------------------- Taxes-Other - - - ---------------------------------------------------------------------------------------------------------------------- Travel and Entertainment - - - ---------------------------------------------------------------------------------------------------------------------- Utilities 3,962 1,698 - ---------------------------------------------------------------------------------------------------------------------- Other (attach schedule) 4,294 1,840 - ---------------------------------------------------------------------------------------------------------------------- Total Operating Expenses Before Depreciation 41,376 17,733 - ---------------------------------------------------------------------------------------------------------------------- Depreciation/Depletion/Amortization 142,819 1,327 - ---------------------------------------------------------------------------------------------------------------------- Net Profit (Loss) Before Other Income & Expenses (146,500) (2,905) - ---------------------------------------------------------------------------------------------------------------------- OTHER INCOME AND EXPENSES - ---------------------------------------------------------------------------------------------------------------------- Other Income (attach schedule) - - - ---------------------------------------------------------------------------------------------------------------------- Interest Expense 4,107 1,760 - ---------------------------------------------------------------------------------------------------------------------- Other Expense (attach schedule) 2,701 1,157 - ---------------------------------------------------------------------------------------------------------------------- Net Profit (Loss) Before Reorganization Items (154,970) (5,823) - ---------------------------------------------------------------------------------------------------------------------- REORGANIZATION ITEMS - ---------------------------------------------------------------------------------------------------------------------- Professional Fees - - - ---------------------------------------------------------------------------------------------------------------------- U.S. Trustee Quarterly Fees - - - ---------------------------------------------------------------------------------------------------------------------- Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet) - - - ---------------------------------------------------------------------------------------------------------------------- Gain (Loss) from Sale of Equipment - - - ---------------------------------------------------------------------------------------------------------------------- Other Reorganization Expenses (attach schedule) 1,662 713 - ---------------------------------------------------------------------------------------------------------------------- Total Reorganization Expenses - - - ---------------------------------------------------------------------------------------------------------------------- Income Taxes - - - ---------------------------------------------------------------------------------------------------------------------- Net Profit (Loss) (136,961) (6,535) - ----------------------------------------------------------------------------------------------------------------------
* "Insider" is defined in 11 U.S.C. Section 101(31) 5 The Grand Union Company Case No. 00-39613 (NW) - ----------------------- ------------- Debtor - ----------------------------------------------------------------------------- OTHER OPERATING EXPENSES Period 7 12 days ended October 14, 2000 - ----------------------------------------------------------------------------- CHARGE CARD EXPENSE 551 236 OTHER OPERATING EXPENSES - - LIGHT REPAIRS & LAMP REPLACE 107 46 STORE DISBURSEMENTS 86 37 PENALTIES & FINES 15 6 BAD CHECKS 139 60 PREMISE SECURITY 105 45 LAUNDRY 52 22 CASH (OVER) SHORT 51 22 REFRIGERATION & WATER DAMAGE - - EQUIPMENT RENTAL 28 12 CASUALTY LOSS 124 53 SIGNS - - EXTERMINATING 9 4 SHOPPING CARTS 7 3 MISCELLANEOUS INCOME (253) (108) BANK SERVICE CHG/ARMORED CAR 261 112 CUSTOMER SERVICE CHARGES (7) (3) OTHER 149 64 --------- --------- TOTAL OTHER OPERATING EXPENSE 872 374 --------- --------- CAPITAL PROJECT EXPENSE 0 0 CORPORATE ADMIN EXPENSE 2,673 1,145 GRAND PROPERTIES 149 64 GRAND VIDEO - - CORPORATE COMMISSARY - - PRE-OPEN EXPENSE - - CLOSED STORE EXPENSE 49 21 TECHNOLOGY INITIATIVES - - MANAGEMENT FEE - - SUNDRY - - --------- --------- TOTAL OTHER OPERATING EXPENSES 4,294 1,840 ========= ========= 6 The Grand Union Company Case No. 00-39613 (NW) - ----------------------- ------------- Debtor - --------------------------------------------------------------------------- OTHER COSTS OF GOODS SOLD Period 7 12 days ended October 14, 2000 - --------------------------------------------------------------------------- TRUCKING 556 238 WAREHOUSING 2,564 1,099 S & G SERVICES 279 120 ----------- ----------- TOTAL DISTRIBUTION 3,400 1,457 ----------- ----------- ADVERTISING & PROMO ALLOWANCE (3,965) (1,699) SPECIALTY FOODS (63) (27) CASH DISCOUNTS (119) (51) STOCK GAIN OR (LOSS) - GROCERY 620 266 - LIQUOR - - - GEN MDSE 466 200 - PHARMACY (42) (18) - SHRINK PROJ 24 10 ----------- ----------- TOTAL STOCK GAIN OR (LOSS) 1,068 458 ----------- ----------- SPECIAL PROMOTIONS 2,056 881 ----------- ----------- TRADING-MERCHANDISE (336) (144) -MEAT (429) (184) -PRODUCE (233) (100) -SERVICE (18) (8) LABEL EXP/ALLOW - - VENDOR COUPONS (59) (25) STATISTICAL GROSS ADJUSTMENT 44 19 WHSE INV GAIN(LOSS)-GROCERY 50 21 PHARMACY THIRD PARTY REC ADJ 21 9 FREQUENT SHOPPER EXPENSE 283 121 CLIPLESS COUPON EXPENSE 127 54 ADVERTISING PROGRAMS - - ----------- ----------- OTHER ADJ. TO GROSS MARGIN (552) (236) ----------- ----------- LIFO PROVISION 175 75 ----------- ----------- TOTAL OTHER COSTS OF GOODS SOLD 1,999 857 =========== =========== 7 The Grand Union Company Case No. 00-39613 (NW) - ----------------------- ------------- Debtor Reporting Period: 16 days ended October 2, 2000 ----------------------------- BALANCE SHEET The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.
- --------------------------------------------------------------------------------------------------------------------------------- ASSETS BOOK VALUE AT END OF CURRENT BOOK VALUE ON REPORTING MONTH PETITION DATE - --------------------------------------------------------------------------------------------------------------------------------- CURRENT ASSETS - --------------------------------------------------------------------------------------------------------------------------------- Unrestricted Cash and Equivalents 24,673 31,222 - --------------------------------------------------------------------------------------------------------------------------------- Restricted Cash and Cash Equivalents (see continuation sheet) - --------------------------------------------------------------------------------------------------------------------------------- Accounts Receivable (Net) 24,955 29,140 - --------------------------------------------------------------------------------------------------------------------------------- Notes Receivable - --------------------------------------------------------------------------------------------------------------------------------- Inventories 115,530 116,876 - --------------------------------------------------------------------------------------------------------------------------------- Prepaid Expenses 21,209 5,810 - --------------------------------------------------------------------------------------------------------------------------------- Professional Retainers - --------------------------------------------------------------------------------------------------------------------------------- Other Current Assets (attach schedule) - --------------------------------------------------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS $ 186,367 $ 183,048 - --------------------------------------------------------------------------------------------------------------------------------- PROPERTY AND EQUIPMENT - --------------------------------------------------------------------------------------------------------------------------------- Real Property and Improvements - --------------------------------------------------------------------------------------------------------------------------------- Machinery and Equipment - --------------------------------------------------------------------------------------------------------------------------------- Furniture, Fixtures and Office Equipment - --------------------------------------------------------------------------------------------------------------------------------- Leasehold Improvements - --------------------------------------------------------------------------------------------------------------------------------- Vehicles - --------------------------------------------------------------------------------------------------------------------------------- Less Accumulated Depreciation - --------------------------------------------------------------------------------------------------------------------------------- TOTAL PROPERTY & EQUIPMENT $ 332,278 $ 345,187 - --------------------------------------------------------------------------------------------------------------------------------- OTHER ASSETS - --------------------------------------------------------------------------------------------------------------------------------- Loans to Insiders* - --------------------------------------------------------------------------------------------------------------------------------- Other Assets (attach schedule) 56,054 60,215 - --------------------------------------------------------------------------------------------------------------------------------- TOTAL OTHER ASSETS $ 56,054 $ 60,215 - --------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------- TOTAL ASSETS $ 574,699 $ 588,450 - --------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------- LIABILITIES AND OWNER EQUITY BOOK VALUE AT END OF CURRENT BOOK VALUE ON REPORTING MONTH PETITION DATE - --------------------------------------------------------------------------------------------------------------------------------- LIABILITIES NOT SUBJECT TO COMPROMISE (Post-Petition) - --------------------------------------------------------------------------------------------------------------------------------- Accounts Payable (85,265) (162,593) - ---------------------------------------------------------------------------------------------------------------------------------- Taxes Payable (refer to FORM MOR-4) - ---------------------------------------------------------------------------------------------------------------------------------- Wages Payable - ---------------------------------------------------------------------------------------------------------------------------------- Notes Payable (1,000) (263,060) - ---------------------------------------------------------------------------------------------------------------------------------- Rent / Leases - Building/Equipment (149,718) (160,737) - ---------------------------------------------------------------------------------------------------------------------------------- Secured Debt / Adequate Protection Payments - ---------------------------------------------------------------------------------------------------------------------------------- Professional Fees - ---------------------------------------------------------------------------------------------------------------------------------- Amounts Due to Insiders* - ---------------------------------------------------------------------------------------------------------------------------------- Other Postpetition Liabilities (attach schedule) (136,982) (210,800) - ---------------------------------------------------------------------------------------------------------------------------------- TOTAL POSTPETITION LIABILITIES $ (372,965) $ (797,190) - ---------------------------------------------------------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition) - ---------------------------------------------------------------------------------------------------------------------------------- Secured Debt (263,060) - ---------------------------------------------------------------------------------------------------------------------------------- Priority Debt - ---------------------------------------------------------------------------------------------------------------------------------- Unsecured Debt (171,958) - ---------------------------------------------------------------------------------------------------------------------------------- TOTAL PRE-PETITION LIABILITIES $ (435,018) $ - - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- TOTAL LIABILITIES $ (807,983) $ (797,190) - ---------------------------------------------------------------------------------------------------------------------------------- OWNER EQUITY - ---------------------------------------------------------------------------------------------------------------------------------- Capital Stock (300) (300) - ---------------------------------------------------------------------------------------------------------------------------------- Additional Paid in Capital (384,800) (384,800) - ---------------------------------------------------------------------------------------------------------------------------------- Partners' Capital Account - ---------------------------------------------------------------------------------------------------------------------------------- Owner's Equity Account - ---------------------------------------------------------------------------------------------------------------------------------- Retained Earnings - Pre-Petition 593,840 593,840 - ---------------------------------------------------------------------------------------------------------------------------------- 8 - ---------------------------------------------------------------------------------------------------------------------------------- Retained Earnings - Post-Petition 24,544 - ---------------------------------------------------------------------------------------------------------------------------------- Adjustments to Owner Equity (attach schedule) - ---------------------------------------------------------------------------------------------------------------------------------- Postpetition Contributions (Distributions) (Draws) (attach schedule) - ---------------------------------------------------------------------------------------------------------------------------------- NET OWNER EQUITY $ 233,284 $ 208,740 - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- TOTAL LIABILITIES AND OWNERS' EQUITY $ (574,699) $ (588,450) - ---------------------------------------------------------------------------------------------------------------------------------- FORM MOR-3 * "Insider is defined in 11 U.S.C. Section 101(31). (9/99)
9 The Grand Union Company Case No. 00-39613 (NW) - ----------------------- ------------- Debtor Reporting Period: 16 days ended October 2, 2000 ----------------------------- BALANCE SHEET
- ----------------------------------------------------------------------------------------------------------------------------------- ASSETS BOOK VALUE AT END OF CURRENT BOOK VALUE ON PETITION DATE REPORTING MONTH - ----------------------------------------------------------------------------------------------------------------------------------- Other Current Assets - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- Other Assets - ----------------------------------------------------------------------------------------------------------------------------------- Excess reorganization value, net - - - ----------------------------------------------------------------------------------------------------------------------------------- Beneficial leases, net 43,802 47,717 - ----------------------------------------------------------------------------------------------------------------------------------- Deferred tax asset - - - ----------------------------------------------------------------------------------------------------------------------------------- Other assets 12,252 12,252 - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- Total 56,054 59,969 - ----------------------------------------------------------------------------------------------------------------------------------- LIABILITIES AND OWNER EQUITY BOOK VALUE AT END OF CURRENT BOOK VALUE ON PETITION DATE REPORTING MONTH - ----------------------------------------------------------------------------------------------------------------------------------- Other Postpetition Liabilities - ----------------------------------------------------------------------------------------------------------------------------------- Adverse leases, net (59,850) (61,079) - ----------------------------------------------------------------------------------------------------------------------------------- Other noncurrent liabilities (77,132) (149,721) - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- Total (136,982) (210,800) - ----------------------------------------------------------------------------------------------------------------------------------- Adjustments to Owner Equity - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- Postpetition Contributions (Distributions) (Draws) - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - -----------------------------------------------------------------------------------------------------------------------------------
10 The Grand Union Company Case No. 00-39613 (NW) - ----------------------- ------------- Debtor Reporting Period: October 2, 2000 ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
- ------------------------------------------------------------------------------------ --------------------------------------- Accounts Receivable Reconciliation Amount - ------------------------------------------------------------------------------------ --------------------------------------- Total Accounts Receivable at the beginning of the reporting period 34,801,315 - ------------------------------------------------------------------------------------ --------------------------------------- + Amounts billed during the period 4,404,721 - ------------------------------------------------------------------------------------ --------------------------------------- - - Amounts collected during the period (10,066,257) - ------------------------------------------------------------------------------------ --------------------------------------- Total Accounts Receivable at the end of the reporting period 29,139,779 - ------------------------------------------------------------------------------------ --------------------------------------- - ------------------------------------------------------------------------------------ --------------------------------------- Accounts Receivable Aging Amount - ------------------------------------------------------------------------------------ --------------------------------------- 0-30 days old 20,874,753 - ------------------------------------------------------------------------------------ --------------------------------------- 31-60 days old 1,135,755 - ------------------------------------------------------------------------------------ --------------------------------------- 61-90 days old 411,710 - ------------------------------------------------------------------------------------ --------------------------------------- 91+ days old 10,631,593 - ------------------------------------------------------------------------------------ --------------------------------------- Total Accounts Receivable 33,053,811 - ------------------------------------------------------------------------------------ --------------------------------------- Amount considered uncollectible (Bad Debt) (3,914,032) - ------------------------------------------------------------------------------------ --------------------------------------- Accounts Receivable (Net) 29,139,779 - ------------------------------------------------------------------------------------ --------------------------------------- - ------------------------------------------------------------------------------------ ---------------------------------------
DEBTOR QUESTIONNAIRE
- ------------------------------------------------------------------------------------ ------------------------ --------------------- Must be completed each month Yes No - ------------------------------------------------------------------------------------ ------------------------ --------------------- 1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below. X - ------------------------------------------------------------------------------------ ------------------------ --------------------- 2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below. X - ------------------------------------------------------------------------------------ ------------------------ --------------------- 3. Have all postpetition tax returns been timely filed? If no, provide an explanation below. X - ------------------------------------------------------------------------------------ ------------------------ --------------------- 4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below. X - ------------------------------------------------------------------------------------ ------------------------ --------------------- - ------------------------------------------------------------------------------------ ------------------------ ---------------------
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