-----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, NWbAi7BY01Vwq4m5K/bvE8w66hNC4+3FpI/ktTAc0qdXdsHJBfOAtGuQ0re+iv0V zmtSYBTBbYus3NRLK5ScaA== 0000909518-00-000803.txt : 20001220 0000909518-00-000803.hdr.sgml : 20001220 ACCESSION NUMBER: 0000909518-00-000803 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20001215 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20001219 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: 791608 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): December 15, 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:\994547\01\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 December 15, 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) statement of operations for the 28 days and 40 days ended November 11, 2000, (ii) balance sheet as at October 2, 2000 and November 11, 2000 and (iii) statement of accounts receivable as at November 11, 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 19, 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 EXHIBIT 99.1 STATEMENT OF OPERATIONS (Income Statement) The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.
- ------------------------------------------------------------------------------------------------------------------------- REVENUES 28 days ended 40 days ended November 11, 2000 November 11, 2000 - ------------------------------------------------------------------------------------------------------------------------- Gross Revenues 145,299 207,675 - ------------------------------------------------------------------------------------------------------------------------- Less: Returns and Allowances - - - ------------------------------------------------------------------------------------------------------------------------- Net Revenue 145,299 207,675 - ------------------------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD - ------------------------------------------------------------------------------------------------------------------------- Beginning Inventory 115,530 116,875 - ------------------------------------------------------------------------------------------------------------------------- Add: Purchases 110,640 154,658 - ------------------------------------------------------------------------------------------------------------------------- Add: Cost of Labor - - ------------------------------------------------------------------------------------------------------------------------- Add: Other Costs (attach schedule) 1,074 1,931 - ------------------------------------------------------------------------------------------------------------------------- Less: Ending Inventory 119,703 119,703 - ------------------------------------------------------------------------------------------------------------------------- Cost of Goods Sold 107,541 153,762 - ------------------------------------------------------------------------------------------------------------------------- Gross Profit 37,758 53,913 - ------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ------------------------------------------------------------------------------------------------------------------------- Advertising 1,569 2,238 - ------------------------------------------------------------------------------------------------------------------------- Auto and Truck Expense - - - ------------------------------------------------------------------------------------------------------------------------- Bad Debts - - - ------------------------------------------------------------------------------------------------------------------------- Contributions - - - ------------------------------------------------------------------------------------------------------------------------- Employee Benefits Programs 2,772 3,959 - ------------------------------------------------------------------------------------------------------------------------- Insider Compensation - - - ------------------------------------------------------------------------------------------------------------------------- Insurance 1,639 2,344 - ------------------------------------------------------------------------------------------------------------------------- Management Fees/Bonuses - 44 - ------------------------------------------------------------------------------------------------------------------------- Office Expense - - - ------------------------------------------------------------------------------------------------------------------------- Pension & Profit-Sharing Plans 197 282 - ------------------------------------------------------------------------------------------------------------------------- Repairs and Maintenance 1,546 2,376 - ------------------------------------------------------------------------------------------------------------------------- Rent and Lease Expense 3,877 5,522 - ------------------------------------------------------------------------------------------------------------------------- Salaries/Commissions/Fees 18,078 25,664 - ------------------------------------------------------------------------------------------------------------------------- Supplies 1,051 1,499 - ------------------------------------------------------------------------------------------------------------------------- Taxes-Payroll 1,484 2,104 - ------------------------------------------------------------------------------------------------------------------------- Taxes-Real Estate 870 1,246 - ------------------------------------------------------------------------------------------------------------------------- Taxes-Other - - - ------------------------------------------------------------------------------------------------------------------------- Travel and Entertainment - - - ------------------------------------------------------------------------------------------------------------------------- Utilities 3,366 5,064 - ------------------------------------------------------------------------------------------------------------------------- Other (attach schedule) 4,172 6,012 - ------------------------------------------------------------------------------------------------------------------------- Total Operating Expenses Before Depreciation 40,621 58,355 - ------------------------------------------------------------------------------------------------------------------------- Depreciation/Depletion/Amortization 3,065 22,401 - ------------------------------------------------------------------------------------------------------------------------- Net Profit (Loss) Before Other Income & Expenses (5,928) (26,843) - ------------------------------------------------------------------------------------------------------------------------- OTHER INCOME AND EXPENSES - ------------------------------------------------------------------------------------------------------------------------- Other Income (attach schedule) - - - ------------------------------------------------------------------------------------------------------------------------- Interest Expense 4,303 6,064 - ------------------------------------------------------------------------------------------------------------------------- Other Expense (attach schedule) (776) 382 - ------------------------------------------------------------------------------------------------------------------------- Net Profit (Loss) Before Reorganization Items (9,456) (33,288) - ------------------------------------------------------------------------------------------------------------------------- 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) 956 1,669 - ------------------------------------------------------------------------------------------------------------------------- Total Reorganization Expenses - - - ------------------------------------------------------------------------------------------------------------------------- Income Taxes - - - ------------------------------------------------------------------------------------------------------------------------- Net Profit (Loss) (10,412) (34,957) - ------------------------------------------------------------------------------------------------------------------------- 5 STATEMENT OF OPERATIONS - CONTINUATION SHEET - -------------------------------------------------------------------------------------------------------------------------- OTHER OPERATING EXPENSES 28 days ended 40 days ended November 11, 2000 November 11, 2000 - -------------------------------------------------------------------------------------------------------------------------- CHARGE CARD EXPENSE 491 727 OTHER OPERATING EXPENSES LIGHT REPAIRS & LAMP REPLACE 73 119 STORE DISBURSEMENTS 84 121 PENALTIES & FINES 11 17 BAD CHECKS 123 183 PREMISE SECURITY 124 169 LAUNDRY 80 101 CASH (OVER) SHORT 67 88 REFRIGERATION & WATER DAMAGE 3 3 EQUIPMENT RENTAL 28 41 CASUALTY LOSS 18 70 SIGNS 0 0 EXTERMINATING 8 12 SHOPPING CARTS 8 11 MISCELLANEOUS INCOME (263) (371) BANK SERVICE CHG/ARMORED CAR 235 347 CUSTOMER SERVICE CHARGES 0 (3) OTHER 204 267 --- --- TOTAL OTHER OPERATING EXPENSE 802 1,176 --- ----- CAPITAL PROJECT EXPENSE - 0 CORPORATE ADMIN EXPENSE 2,673 3,819 GRAND PROPERTIES 116 180 GRAND VIDEO - - CORPORATE COMMISSARY - - PRE-OPEN EXPENSE 0 0 CLOSED STORE EXPENSE 90 110 TECHNOLOGY INITIATIVES - - MANAGEMENT FEE - - SUNDRY - - - - TOTAL OTHER OPERATING EXPENSES 4,172 6,012 ===== ===== 6 STATEMENT OF OPERATIONS - CONTINUATION SHEET - -------------------------------------------------------------------------------------------------------------------------- OTHER COSTS OF GOODS SOLD 28 days ended 40 days ended November 11, 2000 November 11, 2000 - -------------------------------------------------------------------------------------------------------------------------- TRUCKING 590 828 WAREHOUSING 3,125 4,224 S & G SERVICES 264 383 --- --- TOTAL DISTRIBUTION 3,978 5,435 ----- ----- ADVERTISING & PROMO ALLOWANCE (4,914) (6,613) SPECIALTY FOODS (51) (78) CASH DISCOUNTS (218) (269) STOCK GAIN OR (LOSS) - GROCERY 319 585 - LIQUOR (4) (4) - GEN MDSE 359 558 - PHARMACY (25) (43) - SHRINK PROJ 25 35 -- -- TOTAL STOCK GAIN OR (LOSS) 674 1,131 --- ----- SPECIAL PROMOTIONS 1,926 2,807 ----- ----- TRADING-MERCHANDISE (222) (366) -MEAT (302) (486) -PRODUCE (245) (345) -SERVICE (18) (26) LABEL EXP/ALLOW - - VENDOR COUPONS (40) (66) STATISTICAL GROSS ADJUSTMENT 44 62 WHSE INV GAIN(LOSS)-GROCERY 50 71 PHARMACY THIRD PARTY REC ADJ 22 31 FREQUENT SHOPPER EXPENSE 294 415 CLIPLESS COUPON EXPENSE 97 152 ADVERTISING PROGRAMS - - - - OTHER ADJ. TO GROSS MARGIN (321) (558) ----- ----- LIFO PROVISION - 75 - -- TOTAL OTHER COSTS OF GOODS SOLD 1,074 1,931 ===== =====
7 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 PETITION DATE REPORTING MONTH - ----------------------------------------------------------------------------------------------------------------------------------- NOVEMBER 11, 2000 OCTOBER 2, 2000 - ----------------------------------------------------------------------------------------------------------------------------------- CURRENT ASSETS - ----------------------------------------------------------------------------------------------------------------------------------- Unrestricted Cash and Equivalents 24,003 31,222 - ----------------------------------------------------------------------------------------------------------------------------------- Restricted Cash and Cash Equivalents (see continuation sheet) - ----------------------------------------------------------------------------------------------------------------------------------- Accounts Receivable (Net) 25,845 29,140 - ----------------------------------------------------------------------------------------------------------------------------------- Notes Receivable - ----------------------------------------------------------------------------------------------------------------------------------- Inventories 119,703 116,876 - ----------------------------------------------------------------------------------------------------------------------------------- Prepaid Expenses 18,870 5,810 - ----------------------------------------------------------------------------------------------------------------------------------- Professional Retainers - ----------------------------------------------------------------------------------------------------------------------------------- Other Current Assets (attach schedule) - ----------------------------------------------------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS $ 188,421 $ 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 $ 330,043 $ 345,187 - ----------------------------------------------------------------------------------------------------------------------------------- OTHER ASSETS - ----------------------------------------------------------------------------------------------------------------------------------- Loans to Insiders* - ----------------------------------------------------------------------------------------------------------------------------------- Other Assets (attach schedule) 53,395 60,215 - ----------------------------------------------------------------------------------------------------------------------------------- TOTAL OTHER ASSETS $ 53,395 $ 60,215 - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- TOTAL ASSETS $ 571,859 $ 588,450 - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- LIABILITIES AND OWNER EQUITY BOOK VALUE AT END OF CURRENT BOOK VALUE ON PETITION DATE REPORTING MONTH - ----------------------------------------------------------------------------------------------------------------------------------- LIABILITIES NOT SUBJECT TO COMPROMISE (POST-PETITION) - ----------------------------------------------------------------------------------------------------------------------------------- Accounts Payable (86,143) (162,593) - ----------------------------------------------------------------------------------------------------------------------------------- Taxes Payable (refer to FORM MOR-4) - ----------------------------------------------------------------------------------------------------------------------------------- Wages Payable - ----------------------------------------------------------------------------------------------------------------------------------- Notes Payable (9,000) (263,060) - ----------------------------------------------------------------------------------------------------------------------------------- Rent / Leases - Building/Equipment (149,357) (160,737) - ----------------------------------------------------------------------------------------------------------------------------------- Secured Debt / Adequate Protection Payments - ----------------------------------------------------------------------------------------------------------------------------------- Professional Fees - ----------------------------------------------------------------------------------------------------------------------------------- Amounts Due to Insiders* - ----------------------------------------------------------------------------------------------------------------------------------- Other Postpetition Liabilities (attach schedule) (136,959) (210,800) - ----------------------------------------------------------------------------------------------------------------------------------- TOTAL POSTPETITION LIABILITIES $ (381,459) $ (797,190) - ----------------------------------------------------------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE (PRE-PETITION) - ----------------------------------------------------------------------------------------------------------------------------------- Secured Debt (263,060) - ----------------------------------------------------------------------------------------------------------------------------------- Priority Debt - ----------------------------------------------------------------------------------------------------------------------------------- Unsecured Debt (171,036) - ----------------------------------------------------------------------------------------------------------------------------------- TOTAL PRE-PETITION LIABILITIES $ (434,096) $ - - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- TOTAL LIABILITIES $ (815,555) $ (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 - ----------------------------------------------------------------------------------------------------------------------------------- Retained Earnings - Post-Petition 34,956 - ----------------------------------------------------------------------------------------------------------------------------------- Adjustments to Owner Equity (attach schedule) - ----------------------------------------------------------------------------------------------------------------------------------- Postpetition Contributions (Distributions) (Draws) (attach schedule) - ----------------------------------------------------------------------------------------------------------------------------------- NET OWNER EQUITY $ 243,696 $ 208,740 - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- TOTAL LIABILITIES AND OWNERS' EQUITY $ (571,859) $ (588,450) - ----------------------------------------------------------------------------------------------------------------------------------- FORM MOR-3 * "Insider is defined in 11 U.S.C. Section 101(31). (9/99) 8 BALANCE SHEET - continuation sheet - ----------------------------------------------------------------------------------------------------------------------------------- ASSETS BOOK VALUE AT END OF CURRENT BOOK VALUE ON PETITION DATE REPORTING MONTH - ----------------------------------------------------------------------------------------------------------------------------------- NOVEMBER 11, 2000 OCTOBER 2, 2000 - ----------------------------------------------------------------------------------------------------------------------------------- Other Current Assets - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- Other Assets - ----------------------------------------------------------------------------------------------------------------------------------- Beneficial leases, net 43,081 48,026 - ----------------------------------------------------------------------------------------------------------------------------------- Other assets 10,314 12,189 - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- LIABILITIES AND OWNER EQUITY BOOK VALUE AT END OF CURRENT BOOK VALUE ON PETITION DATE REPORTING MONTH - ----------------------------------------------------------------------------------------------------------------------------------- Other Postpetition Liabilities - ----------------------------------------------------------------------------------------------------------------------------------- Adverse leases, net (59,498) (61,079) - ----------------------------------------------------------------------------------------------------------------------------------- Other noncurrent liabilities (77,461) (149,721) - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- Adjustments to Owner Equity - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- Postpetition Contributions (Distributions) (Draws) - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - -----------------------------------------------------------------------------------------------------------------------------------
9 In re The Grand Union Company Case No. 00-39613 (NW) ----------------------- ---------------------- Debtor Reporting Period: November 11, 2000 ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
- ------------------------------------------------------------------------ --------------------------------- Accounts Receivable Reconciliation Amount - ------------------------------------------------------------------------ --------------------------------- Total Accounts Receivable at the beginning of the reporting period 24,954,978 - ------------------------------------------------------------------------ --------------------------------- + Amounts billed during the period 3,414,794 - ------------------------------------------------------------------------ --------------------------------- - - Amounts collected during the period (2,524,523) - ------------------------------------------------------------------------ --------------------------------- Total Accounts Receivable at the end of the reporting period 25,845,249 - ------------------------------------------------------------------------ --------------------------------- - ------------------------------------------------------------------------ --------------------------------- - ------------------------------------------------------------------------ --------------------------------- Accounts Receivable Aging Amount - ------------------------------------------------------------------------ --------------------------------- 0-30 days old 22,411,414 - ------------------------------------------------------------------------ --------------------------------- 31-60 days old 1,155,305 - ------------------------------------------------------------------------ --------------------------------- 61-90 days old 578,752 - ------------------------------------------------------------------------ --------------------------------- 91+ days old 5,626,975 - ------------------------------------------------------------------------ --------------------------------- Total Accounts Receivable 29,772,446 - ------------------------------------------------------------------------ --------------------------------- Amount considered uncollectible (Bad Debt) (3,927,197) - ------------------------------------------------------------------------ --------------------------------- Accounts Receivable (Net) 25,845,249 - ------------------------------------------------------------------------ --------------------------------- - ------------------------------------------------------------------------ --------------------------------- 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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