-----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, ILNfm0VzZ5bL51LzyD1d/yo+FlTBJLc4g+YMZ2uInq0Gy8PZ8AQbrPo3Oepx1mz0 6lGc718PPG8IDCZHp/NkCA== 0000950123-10-029544.txt : 20100330 0000950123-10-029544.hdr.sgml : 20100330 20100329174822 ACCESSION NUMBER: 0000950123-10-029544 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20090930 FILED AS OF DATE: 20100330 DATE AS OF CHANGE: 20100329 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN PACIFIC CORP CENTRAL INDEX KEY: 0000350832 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INORGANIC CHEMICALS [2810] IRS NUMBER: 596490478 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08137 FILM NUMBER: 10711682 BUSINESS ADDRESS: STREET 1: 3883 HOWARD HUGHES PARKWAY STREET 2: STE 700 CITY: LAS VEGAS STATE: NV ZIP: 89169 BUSINESS PHONE: 7027352200 MAIL ADDRESS: STREET 1: 3883 HOWARD HUGHES PARKWAY STREET 2: STE 700 CITY: LAS VEGAS STATE: NV ZIP: 89169 11-K 1 p17223e11vk.htm FORM 11-K e11vk
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 11-K
     
þ   ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
For the fiscal year ended September 30, 2009
OR
     
o   TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
For the transition period from                      to                     
Commission file number 001-8137
 
A.   Full title of the plan and the address of the plan, if different from that of the issuer named below:
Ampac Fine Chemicals LLC
Bargaining Unit 401(k) Plan
 
B.   Name of the issuer of the securities held pursuant to the plan and the address of its principal executive office:
American Pacific Corporation
3883 Howard Hughes Parkway
Suite 700
Las Vegas, NV 89169
 
 

 


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(MCGLADREY & PULLEN LOGO)
Ampac Fine Chemicals LLC
Bargaining Unit 401(k) Plan
Financial Report
09.30.2009
McGladrey & Pullen, LLP is a member firm of RSM International
— an affiliation of separate and independent legal entities.

 


 


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(MCGLADREY & PULLEN LOGO)
Report of Independent Registered Public Accounting Firm
To the Plan Administrator and Participants
Ampac Fine Chemicals LLC Bargaining Unit 401(k) Plan
Las Vegas, Nevada
We have audited the accompanying statements of net assets available for benefits of the Ampac Fine Chemicals LLC Bargaining Unit 401(k) Plan (the “Plan”) as of September 30, 2009 and 2008 and the related statement of changes in net assets available for benefits for the year ended September 30, 2009. 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 auditing standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits 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 Plan as of September 30, 2009 and 2008, and the changes in net assets available for benefits for the year ended September 30, 2009, in conformity with accounting principles generally accepted in the United States of America.
Our audits were made for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of assets held at end of year as of September 30, 2009, is presented for the purpose of additional analysis and is not a required part of the basic financial statements, but is supplementary information required by the United States Department of Labor Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.
-s- McGladrey & Pullen, LLP
McGladrey & Pullen, LLP
Las Vegas, Nevada
March 29, 2010
McGladrey & Pullen, LLP is a member firm of RSM International
— an affiliation of separate and independent legal entities.

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Ampac Fine Chemicals LLC Bargaining Unit 401(k) Plan
Statements of Net Assets Available for Benefits
September 30, 2009 and 2008
                 
    2009   2008
 
Assets
               
Investments, participant directed, at fair value (Notes 3 and 4):
               
Cash and cash equivalents
  $ 218,168     $ 2,659,633  
Shares of registered investment companies
    3,362,241       20,295  
American Pacific Corporation common stock (Note 7)
    642,387       908,846  
Participant loans
    391,979       246,941  
     
Total assets
    4,614,775       3,835,715  
                 
Liabilities
               
Excess contributions refundable
    26,408        
     
Net assets available for benefits
  $ 4,588,367     $ 3,835,715  
     
See Notes to Financial Statements.

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Ampac Fine Chemicals LLC Bargaining Unit 401(k) Plan
Statement of Changes in Net Assets Available for Benefits
For the Year Ended September 30, 2009
 
         
Additions to net assets attributed to:
       
Investment income (loss):
       
Dividend and interest income
  $ 113,604  
Net depreciation in fair value of investments (Note 3)
    (4,704 )
Interest, participant loans
    15,682  
 
     
 
    124,582  
 
     
 
       
Contributions:
       
Participant
    684,929  
Employer match
    365,629  
Rollover
    5,066  
 
     
 
    1,055,624  
 
     
Total additions
    1,180,206  
 
     
 
       
Deductions from net assets attributed to:
       
Benefits paid
    425,852  
Plan expenses (Note 7)
    1,702  
 
     
Total deductions
    427,554  
 
     
 
       
Increase in net assets
    752,652  
 
       
Net assets available for benefits:
       
Beginning of year
    3,835,715  
 
     
End of year
  $ 4,588,367  
 
     
See Notes to Financial Statements.

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Ampac Fine Chemicals LLC Bargaining Unit 401(k) Plan
Notes to the Financial Statements
 
Note 1. Plan Description
The following description of the Ampac Fine Chemicals LLC Bargaining Unit 401(k) Plan (the “Plan”) provides only general information. Participants should refer to the Plan document, as restated, for a complete description of the Plan’s provisions.
General
The Plan is a defined contribution plan open to employees of Ampac Fine Chemicals LLC, a wholly owned subsidiary of American Pacific Corporation (the “Company”), who are members of a collective bargaining unit. Employees are eligible to participate after completing at least 3 months of service and are allowed to enter the Plan on the first day of each fiscal quarter. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).
Effective October 1, 2008, the Company appointed Orchard Trust Company, LLC (“Orchard”) as trustee and custodian and Great-West Retirement Services as recordkeeper of the Plan. Due to the change in service providers, the Company instituted a black-out period from September 22, 2008 to October 8, 2008, during which time the only activity recorded by the Plan was participant and employer matching contributions and investment income. The activity recorded during this black-out period was posted and held by Orchard. The investments held under Franklin, with the exception of the American Pacific Corporation common stock and participant loans, were sold on September 30, 2008 and were held in cash equivalents until shares of the investment options offered under Orchard were purchased during the black-out period ending October 8, 2008.
Contributions
Each year, participants may contribute up to the maximum allowed by the Internal Revenue Code. In addition, the Plan allows for catch-up contributions by participants 50 years and older before the end of the Plan year. Participants may also contribute amounts representing distributions from other qualified plans, as defined in the Plan’s provisions. For the year ended September 30, 2009 employee rollover contributions totaled $5,066. Participants direct the investment of their contributions into various investment options offered by the Plan. The Plan currently offers various mutual funds and employer stock as investment options for participants. The Company, at its discretion, may contribute to the Plan. For the year ended September 30, 2009, the Company elected to match contributions equal to 100% of participant contributions, up to the first 3% of participant compensation, and 50% of participant contributions, up to the next 3% of participant compensation. For the year ended September 30, 2009, the Company made matching contributions of $365,629.
In addition, the Company may make profit sharing contributions at the Company’s discretion. There were no profit sharing contributions made for the Plan year ended September 30, 2009. Contributions are subject to certain liminations.
Participant accounts
Each participant’s account is credited with the participant’s contributions, including amounts rolled over from other qualified plans, and allocations of the Company’s discretionary matching contribution and Plan earnings, and is charged with benefit payments and an allocation of administrative expenses. Allocations are based on participant earning or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.

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Ampac Fine Chemicals LLC Bargaining Unit 401(k) Plan
Notes to the Financial Statements
 
Note 1. Plan Description (continued)
Vesting
Participants are immediately vested in their contributions, rollover contributions and employer matching contributions, plus actual earnings thereon. Vesting in the Company’s discretionary profit sharing contribution is based on years of continuous service. A participant vests 20% per year from years two through six of credited service. A participant’s interest in the Plan becomes fully vested if employment terminates due to death, total and permanent disability or retirement at age 65.
Participant loans
In accordance with the provisions of the Plan, participants may borrow from their fund accounts a minimum of $1,000 up to a maximum amount equal to the lesser of $50,000 or 50% of their vested account balance. Loan transactions are treated as a transfer (to) from the investment (from) to the participant loan fund. Loan terms range from one to five years or up to ten years for the purchase of a primary residence. The loans are collateralized by the participant’s vested balance in the Plan and bear interest at prime rate plus 1%. Principal and interest is paid ratably through payroll deductions. Interest rates on participant loans vary, ranging from 4.25% to 9.25%. Maturities range from November 2009 through June 2023.
Payment of benefits
Upon termination of service, if the vested value of a participant’s account is less than $5,000, his or her account will be distributed in a lump-sum payment. If the vested value of a participant’s account exceeds $5,000, he or she may elect to receive either a lump-sum amount, substantially equal payments over a specified term, or elect to have all the distribution paid in a direct rollover to another qualified employer plan, or a combination of the above.
Forfeited accounts
There were no forfeited accounts at September 30, 2009 and 2008. Forfeited accounts are utilized first to reduce Plan expenses. Effective October 1, 2008, any remaining forfeitures are used to reduce employer contributions. Prior to October 1, 2008, remaining forfeitures were allocated to participants in proportion to each participant’s compensation for the year. There were no forfeitures used to reduce Plan expenses or reduce employer contributions during the year ended September 30, 2009.
Note 2. Summary of Significant Accounting Policies
Basis of accounting
The Plan’s financial statements are prepared on the accrual basis of accounting.
Use of estimates in the preparation of financial statements
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets, liabilities, and changes therein, disclosure of contingent assets and liabilities. Actual results could differ from those estimates.

5


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Ampac Fine Chemicals LLC Bargaining Unit 401(k) Plan
Notes to the Financial Statements
 
Note 2. Summary of Significant Accounting Policies (continued)
Investment valuation and income recognition
Investments are reported at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. See Note 4 for discussion of fair value measurements.
Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation or depreciation includes the Plan’s gains and losses on investments bought and sold as well as held during the year.
Payment of benefits
Benefits are recorded when paid.
Expenses
Administrative expenses of the Plan are paid by either the Plan or the Company, as provided in the Plan document.
New accounting pronouncements
In July 2006, the Financial Accounting Standards Board (“FASB”) issued an interpretation regarding Accounting for Uncertainty in Income Taxes. This guidance clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. This intepretation also provides guidance on derecognition of tax benefits, classification on the balance sheet, interest and penalties, accounting in interim periods, disclosure, and transition. In December 2008, the FASB provided for a deferral of the effective date of this guidance for certain nonpublic enterprises to annual financial statements for fiscal years beginning after December 15, 2008. The Plan has elected this deferral and accordingly will be required to adopt this interpretation in its 2010 annual financial statements. Prior to adoption of this interpretation, the Plan will continue to evaluate its uncertain tax positions and related income tax contingencies under the Accounting for Contingencies guidance. The Accounting for Contingencies guidance requires the Plan to accrue for losses it believes are probable and can be reasonably estimated. Management has not yet assessed the potential impact the adoption of this interpretation will have on the Plan’s net assets, results of operations or financial statement disclosures, if any.
In September 2006, the FASB issued guidance on Fair Value Measurements. This guidance defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurement. This guidance also emphasizes that fair value is a market-based measurement, not an entity-specific measurement, and sets out a fair value hierarchy with the highest priority being quoted prices in active markets. Under this guidance, fair value measurements are disclosed by level within that hierarchy. In February 2008, the FASB issued a staff position, which permits a one-year deferral for the implementation of this guidance with regard to nonfinancial assets and liabilities that are not recognized or disclosed at fair value in the financial statements on a recurring basis. The Plan adopted this guidance for the Plan year beginning October 1, 2008, except for nonfinancial assets and nonfinancial liabilities that are recognized or disclosed at fair value in the financial statements on a nonrecurring basis for which delayed application is permitted until the Plan year beginning October 1, 2009, with no material effect. Management has not yet assessed the potential impact the adoption of the remaining provisions of this guidance will have on the Plan’s net assets, results of operations or financial statement disclosures.

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Ampac Fine Chemicals LLC Bargaining Unit 401(k) Plan
Notes to the Financial Statements
 
Note 3. Investments
The Plan’s investments that represented 5% or more of the Plan’s net assets available for benefits as of September 30, are as follows:
                 
    2009   2008
     
Cash and cash equivalents:
               
Federated Prime Cash Obligations Fund
    **     $ 2,659,633  
 
               
Shares of registered investment companies:
               
BlackRock Global Allocation Fund
  $ 307,822       **  
Lazard Emerging Markets Open Fund
  $ 248,658       **  
 
               
Common stock:
               
American Pacific Corporation common stoc k
  $ 642,387     $ 908,846  
 
               
Participant loans
  $ 391,979     $ 246,941  
 
**   These investments are below 5% of the Plan’s net assets at September 30, 2009 or September 30, 2008.

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Ampac Fine Chemicals LLC Bargaining Unit 401(k) Plan
Notes to the Financial Statements
 
Note 3. Investments (continued)
The Plan’s investments including gains and losses on investments bought and sold, as well as held during the year, appreciated (depreciated) in value during the year ended September 30, 2009 as follows:
         
Cash and cash equivalents:
       
Federated Prime Cash Obligations Fund
  $ 683  
 
     
 
       
Shares of registered investment companies:
       
Lazard Emerging Markets Open Fund
  $ 64,513  
BlackRock Global Allocation Fund
    35,583  
BlackRock U.S. Opportunites Inv Fund
    35,118  
American Funds Growth Fund of America
    31,842  
Templeton Global Bond Fund
    31,168  
American Funds Europacific Growth Fund
    22,757  
Artisian Mid Cap Value Fund
    19,295  
Columbia Energy and Natural Resources Fund
    19,033  
Ivy Science and Technology Fund
    17,792  
BlackRock Small Cap Growth Equity Fund
    15,806  
American Funds Fundamental Inv Fund
    13,352  
Alliance Bernstein 2040 Retirement Str R Fund
    12,013  
Alliance Bernstein 2015 Retirement Str R Fund
    11,320  
DWS Equity 500 Index Fund
    9,826  
Alliance Bernstein 2030 Retirement Str R Fund
    9,458  
Alliance Bernstein 2035 Retirement Str R Fund
    9,440  
MFS Utilities Fund
    9,017  
Alliance Bernstein 2045 Retirement Str R Fund
    7,693  
BlackRock Equity Dividend Fund
    7,693  
Alliance Bernstein 2050 Retirement Str R Fund
    7,521  
American Funds High Income Fund
    6,884  
Allianz NFJ Small Cap Value Fund
    5,601  
Dreyfus Small Cap Stock Index Fund
    5,571  
Artio Total Return Bond Fund
    4,840  
Hartford Global Health Fund
    3,744  
PIMCO GNMA Fund
    3,352  
Alliance Bernstein 2025 Retirement Str R Fund
    1,625  
JP Morgan U.S. Real Estate Fund
    1,430  
Alliance Bernstein 2055 Retirement Str R Fund
    1,176  
Alliance Bernstein 2005 Retirement Str R Fund
    916  
Alliance Bernstein 2000 Retirement Str R Fund
    677  
Alliance Bernstein 2010 Retirement Str R Fund
    243  
Alliance Bernstein 2020 Retirement Str R Fund
    (3,980 )
 
     
 
    422,319  
Common stock:
       
American Pacific Corporation common stock
    (427,706 )
 
     
Net depreciation in fair value of investments
  $ (4,704 )
 
     

8


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Ampac Fine Chemicals LLC Bargaining Unit 401(k) Plan
Notes to the Financial Statements
 
Note 4. Fair Value Measurements
Effective October 1, 2008, the Plan adopted new accounting guidance related to fair value measurements which provides a framework for measuring fair value under generally accepted accounting principles. This framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). The three levels of the fair value hierarchy under the new guidance are described below:
    Level 1:   Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access.
 
    Level 2:   Inputs to the valuation methodology include:
    Quoted prices for similar assets or liabilities in active markets;
 
    Quoted prices for identical or similar assets or liabilities in inactive markets;
 
    Inputs other than quoted prices that are observable for the asset or liability;
 
    Inputs that are derived principally from or corroborated by observable market data by correlation or other means.
 
      If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.
    Level 3:  Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.
Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at September 30, 2009 and 2008.
Cash equivalents: Valued at cost, which approximates fair value.
Registered investment companies: Valued at the net asset value (NAV) of shares held by the plan at year end.
American Pacific Corporation common stocks: Valued at the closing price reported in the active market in which the individual securities are traded.
Participant loans: Valued at amortized cost, which approximates fair value.
The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

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Ampac Fine Chemicals LLC Bargaining Unit 401(k) Plan
Notes to the Financial Statements
 
Note 4. Fair Value Measurements (continued)
The following table sets forth by level, within the fair value hierarchy, the Plan’s investments at fair value as of September 30, 2009.
                                 
    Investments at Fair Value as of September 30, 2009
    Level 1   Level 2   Level 3   Total
     
Cash and cash equivalents
  $ 218,168     $     $     $ 218,168  
Shares of registered investment companies
    3,362,241                   3,362,241  
American Pacific Corporation common stock
    642,387                   642,387  
Participant loans
                391,979       391,979  
     
Total investments at fair value
  $ 4,222,796     $     $ 391,979     $ 4,614,775  
     
Level 3 gains and losses:
The table below sets forth a summary of changes in the fair value of the Plan’s level 3 investments for the year ended September 30, 2009.
         
    Participant  
    loans  
Balance, beginning of year
  $ 246,941  
Issuances and settlements (net)
    145,038  
 
     
Balance, end of year
  $ 391,979  
 
     
Note 5. Plan Termination
Although it has not expressed any intention to do so, the Company has the right under the Plan to discontinue contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants would become 100% vested in their accounts.
Note 6. Income Tax Status
Effective October 1, 2008, the Plan was adopted from a non-standardized prototype plan document offered by Orchard. The Internal Revenue Service (“IRS”) has determined and informed the prototype sponsor by a letter dated November 27, 2001 that the prototype plan is designed in accordance with applicable sections of the Internal Revenue Code (“IRC”).
The Plan’s adoption agreement under the prototype plan sponsored by Orchard is in the process of being submitted to the IRS for a determination that the Plan as adopted is designed in accordance with the IRC. The Plan has not yet received approval from the IRS regarding the determination letter application. However, the Plan administrator and the Plan’s management believe that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC and the related trust was exempt from taxation as of the financial statement date.

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Ampac Fine Chemicals LLC Bargaining Unit 401(k) Plan
Notes to the Financial Statements
 
Note 7. Exempt Party-In-Interest Transactions
Certain Plan investments are shares of registered investment companies managed by Orchard or its affiliates. Orchard is the trustee as defined by the Plan and, therefore, these transactions qualify as party-in-interest transactions. Fees paid by the Plan to Orchard totaled $1,702 for the year ended September 30, 2009.
At September 30, 2009 and 2008, the Plan held 82,782 and 69,590 shares of common stock of American Pacific Corporation, respectively, with a cost basis of $940,669 and $846,506, respectively. At September 30, 2009 and 2008, the Plan held 25 and 1,231 units in the Employer Stock Awaiting Purchase Fund, respectively, with a cost basis of $25 and $1,231, respectively.
Note 8. Risk and Uncertainties
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the Statement of Net Assets Available for Benefits.
Note 9. Subsequent Event
Subsequent to year end the Plan is being amended and restated to adopt various required IRS and Pension Protection Act of 2006 provisions.

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Ampac Fine Chemicals LLC Bargaining Unit 401(k) Plan
Form 5500, Schedule H, Part IV, Line 4i — Schedule of Assets Held at End of Year
September 30, 2009
 
                     
    Identity of issuer, borrower, lessor, or similar   Description of investment, including          
    party   maturity date, collateral and maturity value   Cost   Current Value  
 
   
Cash and cash equivalents:
               
   
Federated Prime Cash Obligations Fund
  Mutual fund       $ 218,141  
*  
Employer Stock Awaiting Purchase Fund
      **     27  
   
 
             
   
 
            218,168  
   
 
             
   
Shares of registered investment companies:
               
*  
BlackRock Global Allocation Fund
  Mutual fund   **     307,822  
*  
Lazard Emerging Markets Open Fund
  Mutual fund   **     248,658  
*  
American Funds Growth Fund of America
  Mutual fund   **     225,970  
*  
BlackRock Equity Dividend Fund
  Mutual fund   **     190,582  
*  
BlackRock U.S. Opportunites Inv Fund
  Mutual fund   **     189,159  
*  
Columbia Energy and Natural Resources Fund
  Mutual fund   **     177,126  
*  
Templeton Global Bond Fund
  Mutual fund   **     170,454  
*  
American Funds Europacific Growth Fund
  Mutual fund   **     140,406  
*  
Allianz NFJ Small Cap Value Fund
  Mutual fund   **     134,847  
*  
Dreyfus Small Cap Stock Index Fund
  Mutual fund   **     118,418  
*  
BlackRock Small Cap Growth Equity Fund
  Mutual fund   **     117,580  
*  
American Funds Fundamental Inv Fund
  Mutual fund   **     107,306  
*  
Artio Total Return Bond Fund
  Mutual fund   **     103,035  
*  
Ivy Science and Technology Fund
  Mutual fund   **     103,024  
*  
Artisian Mid Cap Value Fund
  Mutual fund   **     101,715  
*  
DWS Equity 500 Index Fund
  Mutual fund   **     101,164  
*  
PIMCO GNMA Fund
  Mutual fund   **     90,699  
*  
Alliance Bernstein 2040 Retirement Str R Fund
  Mutual fund   **     90,429  
*  
Alliance Bernstein 2030 Retirement Str R Fund
  Mutual fund   **     77,227  
*  
Alliance Bernstein 2015 Retirement Str R Fund
  Mutual fund   **     71,098  
*  
Alliance Bernstein 2020 Retirement Str R Fund
  Mutual fund   **     68,489  
*  
Alliance Bernstein 2045 Retirement Str R Fund
  Mutual fund   **     60,730  
*  
Alliance Bernstein 2035 Retirement Str R Fund
  Mutual fund   **     58,872  
*  
American Funds High Income Fund
  Mutual fund   **     53,476  
*  
Alliance Bernstein 2050 Retirement Str R Fund
  Mutual fund   **     48,731  
*  
MFS Utilities Fund
  Mutual fund   **     48,717  
*  
Hartford Global Health Fund
  Mutual fund   **     44,071  
*  
JP Morgan U.S. Real Estate Fund
  Mutual fund   **     41,825  
*  
Alliance Bernstein 2010 Retirement Str R Fund
  Mutual fund   **     23,073  
*  
Alliance Bernstein 2025 Retirement Str R Fund
  Mutual fund   **     22,273  
*  
Alliance Bernstein 2005 Retirement Str R Fund
  Mutual fund   **     11,236  
*  
Alliance Bernstein 2055 Retirement Str R Fund
  Mutual fund   **     7,331  
*  
Alliance Bernstein 2000 Retirement Str R Fund
  Mutual fund   **     6,698  
   
 
             
   
 
            3,362,241  
*  
American Pacific Corporation Common Stock
  Common Stock (82,782 shares)   **     642,387  
*  
Participant Loans Receivable
  Interest rates ranging from 4.25% - 9.25%, maturing through June 2023   **     391,979  
   
 
             
   
 
               
   
Total investments
          $ 4,614,775  
   
 
             
   
 
               
 
*   Represents a party-in-interest to the Plan.
 
**   Cost information is not required for participant-directed investments and, therefore, is not included.

12


Table of Contents

SIGNATURES
The Plan. Pursuant to the requirements of the Securities and Exchange Act of 1934, the trustees have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  Ampac LLC Fine Chemicals Bargaining
Unit 401(k) Plan
 
 
  By:   American Pacific Corporation, as Plan    
    Administrator   
 
     
Date: March 29, 2010  By:   /s/ JOSEPH CARLEONE    
    Joseph Carleone   
    President & Chief Executive Officer   

13


Table of Contents

         
EXHIBIT INDEX
         
Exhibit    
Index   Description
       
 
  23.1    
Consent of Independent Registered Public Accounting Firm

 

EX-23.1 2 p17223exv23w1.htm EX-23.1 exv23w1
EXHIBIT 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference on Form S-8 File No. 333-131945 of American Pacific Corporation of our report dated March 29, 2010, relating to the financial statements and supplemental schedule of the Ampac Fine Chemicals LLC Bargaining Unit 401(k) Plan, which appears in this Annual Report on Form 11-K of the Ampac Fine Chemicals LLC Bargaining Unit 401(k) Plan for the year ended September 30, 2009.
/s/ McGladrey & Pullen, LLP
Las Vegas, Nevada
March 29, 2010

 

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