0001193125-12-137616.txt : 20120328 0001193125-12-137616.hdr.sgml : 20120328 20120328171500 ACCESSION NUMBER: 0001193125-12-137616 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20120328 DATE AS OF CHANGE: 20120328 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: 12721367 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 d324039d11k.htm FORM 11-K FORM 11-K
Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 11-K

 

x

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the fiscal year ended September 30, 2011

OR

 

¨

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:

American Pacific Corporation

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


Table of Contents

American Pacific

Corporation 401(k) Plan

Financial Report

09.30.2011


Table of Contents

Contents

 

Report of Independent Registered Public Accounting Firm

     1   

Financial Statements

  

Statements of Net Assets Available for Benefits

     2   

Statement of Changes in Net Assets Available for Benefits

     3   

Notes to the Financial Statements

    

 

4 – 10

 

  

 

Supplemental Schedule

  

Form 5500, Schedule H, Part IV, Line 4i - Schedule of Assets Held at End of Year     

    

 

11

 

  

 


Table of Contents

LOGO

LOGO

Report of Independent Registered Public Accounting Firm

To the Plan Administrator and Participants

American Pacific Corporation 401(k) Plan

Las Vegas, Nevada

We have audited the accompanying statements of net assets available for benefits of the American Pacific Corporation 401(k) Plan (the “Plan”) as of September 30, 2011 and 2010 and the related statement of changes in net assets available for benefits for the year ended September 30, 2011. 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 audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of September 30, 2011 and 2010, and the changes in net assets available for benefits for the year ended September 30, 2011, in conformity with U.S. generally accepted accounting principles.

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, 2011, 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.

The Plan adopted Financial Accounting Standards Board Accounting Standards Update 2010-25, Plan Accounting—Defined Contribution Pension Plans (Topic 962): Reporting Loans to Participants by Defined Contribution Pension Plans, which clarified how loans to participants should be classified and measured by defined contribution pension plans. This update was retrospectively applied to September 30, 2010.

/s/ McGladrey & Pullen, LLP

Las Vegas, Nevada

March 27, 2012

 

 

1

 

LOGO


Table of Contents

American Pacific Corporation 401(k) Plan

Statements of Net Assets Available for Benefits

September 30, 2011 and 2010

 

      2011      2010  

Assets

     

Investments, participant directed, at fair value (Notes 3 and 4):

     

Fixed annuities

   $ 680         $ 593     

Shares of registered investment companies

     22,298,868           20,994,806     

American Pacific Corporation common stock (Note 7)

     1,410,519           861,407     
  

 

 

 

Total investments

     23,710,067           21,856,806     
  

 

 

 

Receivables:

     

Notes receivable from participants

     995,559           563,936     

Profit sharing contribution receivable

     194,668           183,476     
  

 

 

 

Total receivables

     1,190,227           747,412     
  

 

 

 

Net assets reflecting investments at fair value

     24,900,294           22,604,218     

Liabilities

     

Excess contributions refundable

     4,122           7,854     
  

 

 

 

Net assets available for benefits

   $ 24,896,172         $ 22,596,364     
  

 

 

 

See Notes to the Financial Statements.

 

2


Table of Contents

American Pacific Corporation 401(k) Plan

Statement of Changes in Net Assets Available for Benefits

For the Year Ended September 30, 2011

 

Additions:

        

Investment income:

  

Dividend and interest income

   $ 428,973      

Net depreciation in fair value of investments (Note 3)

     (659,784)     

Other income

     24,605      
  

 

 

 

Total investment loss

     (206,206)     
  

 

 

 

Interest income on notes receivable from participants

     30,270      
  

 

 

 

Contributions:

  

Participant

     2,302,876      

Employer match

     750,254      

Profit sharing

     194,668      

Rollover

     117,606      
  

 

 

 

Total contributions

     3,365,404      
  

 

 

 

Total additions

     3,189,468      
  

 

 

 

Deductions:

  

Benefits paid

     1,126,999      

Plan expenses (Note 7)

     5,849      
  

 

 

 

Total deductions

     1,132,848      
  

 

 

 

Net increase prior to asset transfer

     2,056,620      

Transfer of assets from Ampac Fine Chemicals LLC Bargaining Unit 401(k) Plan

     243,188      
  

 

 

 

Net increase

     2,299,808      

Net assets available for benefits:

  

Beginning of year

     22,596,364      
  

 

 

 

End of year

   $ 24,896,172      
  

 

 

 

See Notes to the Financial Statements.

 

3


Table of Contents

American Pacific Corporation 401(k) Plan

Notes to the Financial Statements

 

Note 1.    Plan Description

The following description of the American Pacific Corporation 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 domestic employees of American Pacific Corporation (the “Company”) and its subsidiaries who are not 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”).

Contributions:    Each year, participants may contribute up to the maximum allowed by the Internal Revenue Code (“IRC”). In addition, the Plan allows for catch up contributions by employees 50 years and older. Participants may also contribute amounts representing distributions from other qualified plans, as defined in the Plan’s provisions. For the year ended September 30, 2011 employee rollover contributions totaled $117,606.

The Company, at its discretion, may contribute to the Plan. The Company expanded its matching contributions to include all eligible domestic employees of the Company hired on or after July 1, 2010. No changes in matching elections were made for employees hired prior to July 1, 2010. These matching contributions equal 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, 2011, the Company made matching contributions of $750,254.

The Company has elected to make an annual discretionary profit sharing contribution to eligible domestic employees of its New York subsidiary that were hired prior to July 1, 2010 of at least 3% of annual compensation. Any amount over the annual discretionary profit sharing contribution of at least 3% will be at the discretion of the Company. For the year ended September 30, 2011, the Company made profit sharing contributions of $194,668.

Participants direct the investment of their contributions, match contributions and discretionary profit sharing contributions into various investment options offered by the Plan. The Plan currently offers various mutual funds and employer stock as investment options for participants.

Participant accounts:    Each participant’s account is credited with the participant’s contributions; including amounts rolled over from other qualified plans, allocations of the Company’s discretionary matching contribution, the Company’s discretionary profit sharing contribution, Plan earnings, and is charged with benefit payments and an allocation of administrative expenses (loan and withdrawal fees). The allocations above are based on participant earnings 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 accounts.

 

4


Table of Contents

American Pacific Corporation 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.

Notes receivable from participants:    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 transfers between participant-directed investments and notes receivable from participants. Loan terms range from one to five years or up to twenty 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 10.00%. Maturities range from February 2012 through November 2029.

Payment of benefits:    Upon termination of service, if the vested value of a participant’s account is less than $1,000, his or her account will be distributed in a single lump-sum payment. If the vested value of a participant’s account exceeds $1,000, he or she may elect to receive either a lump-sum amount, substantially equal payments for a specified term or elect to have all the distribution paid in a direct rollover to another qualified plan, or a combination of the above.

Forfeited/asset holding accounts:    At September 30, 2011 and 2010, forfeited accounts totaled $7,790 and $0, respectively, and asset holding accounts totaled $24,211 and $0, respectively. Forfeited accounts are utilized first to reduce Plan expenses. Any remaining forfeitures are used to reduce employer contributions. No forfeitures were used to reduce Plan expenses or to reduce employer contributions during the year ended September 30, 2011. Subsequent to year end, forfeitures of $7,790 and asset holdings of $24,211 were used to reduce Plan expenses or employer contributions.

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.

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.

 

5


Table of Contents

American Pacific Corporation 401(k) Plan

Notes to the Financial Statements

 

Note 2.    Summary of Significant Accounting Policies (Continued)

Notes receivable from participants:    Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Delinquent participant loans are classified as distributions based upon the terms of the Plan document.

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.

Income taxes:    Management evaluated the Plan’s tax positions and concluded that the Plan had maintained its tax exempt status and had taken no uncertain tax positions that require adjustment to the financial statements. Therefore, no provision or liability for income taxes has been included in the financial statements. With few exceptions, the Plan is no longer subject to income tax examinations by the U.S. federal, state, or local tax authorities for years before 2007.

New accounting pronouncements:    In May 2011, the FASB issued ASU 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs, which changes certain fair value measurement principles and enhances the disclosure requirements, particularly for Level 3 fair value measurements. This update is effective for reporting periods beginning on or after December 15, 2011, and requires prospective application. Plan management has not yet determined the impact this guidance will have on the Plan.

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, 2011 and 2010 are as follows:

 

     2011      2010  
  

 

 

 

Shares of registered investment companies:

     

Federated Prime Cash Obligations Fund

   $ 2,196,742         $ 1,986,842     

BlackRock Global Allocation Fund

     1,974,486           1,919,427     

BlackRock Equity Dividend Fund

     1,680,060           1,609,647     

BlackRock U.S. Opportunities Inv Fund

     1,384,410           1,362,483     

Invesco Van Kampen American Franchise Fund

     1,369,579           **             

American Funds Europacific Growth Fund

     **                   1,165,244     

American Funds Growth Fund of America

     **                   1,383,536     

Lazard Emerging Markets Open Fund

     **                   1,293,270     

Common stock:

     

American Pacific Corporation common stock

   $ 1,410,519           **             

 

**

These investments are below 5% of the Plan’s net assets at September 30, 2011 or September 30, 2010.

 

6


Table of Contents

American Pacific Corporation 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, 2011 as follows:

 

Shares of registered investment companies:

  

American Funds Growth Fund of America

   $     228,453      

Columbia Energy and Natural Resources Fund

     170,205      

Alger Health Sciences Fund

     12,364      

BlackRock Equity Dividend Fund

     12,252      

MFS Utilities Fund

     8,192      

PIMCO GNMA Fund

     1,448      

JP Morgan Smart Retirement 2010 Fund

     946      

JP Morgan Smart Retirement 2045 Fund

     562      

JP Morgan Smart Retirement 2050 Fund

     (1,740)     

Artisian Mid Cap Value Fund

     (7,502)     

Invesco Real Estate Fund

     (8,717)     

Allianz NFJ Small Cap Value Fund

     (8,873)     

JP Morgan Smart Retirement 2015 Fund

     (9,855)     

Artio Total Return Bond Fund

     (10,077)     

JP Morgan Smart Retirement 2020 Fund

     (10,431)     

JP Morgan Smart Retirement 2035 Fund

     (11,714)     

JP Morgan High Yield Bond Fund

     (14,262)     

DWS Equity 500 Index Fund

     (18,298)     

JP Morgan Smart Retirement 2040 Fund

     (20,066)     

Ivy Science and Technology Fund

     (22,333)     

Dreyfus Small Cap Stock Index Fund

     (23,934)     

JP Morgan Smart Retirement 2025 Fund

     (24,636)     

BlackRock Small Cap Growth Equity Fund

     (26,381)     

JP Morgan Smart Retirement 2030 Fund

     (41,069)     

American Funds Fundamental Inv Fund

     (44,209)     

Templeton Global Bond Fund

     (78,680)     

BlackRock Global Allocation Fund

     (90,253)     

BlackRock U.S. Opportunities Inv Fund

     (139,711)     

American Funds Europacific Growth Fund

     (187,516)     

Lazard Emerging Markets Open Fund

     (257,543)     

Franklin Natural Resources Fund

     (263,460)     

Invesco Van Kampen American Franchise Fund

     (318,784)     
  

 

 

 
     (1,205,622)     

Common stock:

  

American Pacific Corporation common stock

     545,838      
  

 

 

 

Net depreciation in fair value of investments

   $ (659,784)     
  

 

 

 

 

7


Table of Contents

American Pacific Corporation 401(k) Plan

Notes to the Financial Statements

 

Note 4.    Fair Value Measurements

FASB Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, provides the framework for measuring fair value. That 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 measurement) and the lowest priority to unobservable inputs (level 3 measurement). 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:

                             Ÿ  

Quoted prices for similar assets or liabilities in active markets;

                             Ÿ  

Quoted prices for identical or similar assets or liabilities in inactive markets;

                             Ÿ  

Inputs other than quoted prices that are observable for the asset or liability;

                             Ÿ  

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, 2011 and 2010.

Fixed annuities:    Valued based on method outlined in the annuity contract, as calculated by the annuity provider, based on observable inputs through the review of existing contracts and readily available financial information available on the websites of the issuing financial institutions.

Registered investment companies:    Valued at the net asset value (NAV) of shares held by the plan at year end

American Pacific Corporation common stock:    Valued at the closing price reported in the active market in which the individual securities are traded.

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.

 

8


Table of Contents

American Pacific Corporation 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, 2011.

 

    

Investments at Fair Value as of September 30, 2011

 
  

 

 

 
     Level 1      Level 2      Level 3      Total  
  

 

 

 

Fixed annuities

   $ -         $ 680       $ -         $ 680     

Shares of registered investment companies:

           

International funds

     4,272,035         -           -           4,272,035     

Large cap funds

     4,571,939         -           -           4,571,939     

Mid cap funds

     2,202,462         -           -           2,202,462     

Money market funds

     2,196,742         -           -           2,196,742     

Small cap funds

     2,143,892         -           -           2,143,892     

Asset allocation funds

     1,856,819         -           -           1,856,819     

Bond funds

     3,099,102         -           -           3,099,102     

Specialty funds

     1,955,877         -           -           1,955,877     

American Pacific Corporation common stock

     1,410,519         -           -           1,410,519     
  

 

 

 

Total investments at fair value

   $   23,709,387       $           680       $     -         $     23,710,067     
  

 

 

 
     Investments at Fair Value as of September 30, 2010  
  

 

 

 
     Level 1      Level 2      Level 3      Total  
  

 

 

 

Fixed annuities

   $ -         $ 593       $ -         $ 593     

Shares of registered investment companies:

           

International funds

     4,377,941         -           -           4,377,941     

Large cap funds

     4,314,020         -           -           4,314,020     

Mid cap funds

     2,097,773         -           -           2,097,773     

Money market funds

     1,986,842         -           -           1,986,842     

Small cap funds

     1,923,390         -           -           1,923,390     

Asset allocation funds

     1,678,349         -           -           1,678,349     

Bond funds

     2,883,733         -           -           2,883,733     

Specialty funds

     1,732,758         -           -           1,732,758     

American Pacific Corporation common stock

     861,407         -           -           861,407     
  

 

 

 

Total investments at fair value

   $   21,856,213       $     593       $     -         $ 21,856,806     
  

 

 

 

Note 5.    Plan Termination

Although it has not expressed any intention to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions set forth in ERISA. In the event of Plan termination, participants would become 100% vested in their account.

 

9


Table of Contents

American Pacific Corporation 401(k) Plan

Notes to the Financial Statements

 

Note 6.    Income Tax Status

The Plan was adopted from a non-standardized prototype plan document offered by Orchard Trust Company (“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 has received a determination letter from the IRS dated April 27, 2011 indicating that the Plan as adopted is designed in accordance with the IRC. 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.

Note 7.    Exempt Party-In-Interest Transactions

Certain Plan investments are shares of mutual funds 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 $5,849 for the year ended September 30, 2011.

At September 30, 2011 and 2010, the Plan held 192,431 and 194,888 shares of common stock of the Company, respectively, with a cost basis of $1,860,434 and $1,918,452, respectively, and fair value of $1,410,519 and $861,407, respectively. At September 30, 2011 and 2010, the Plan held 680 and 593 units in the Employer Stock Awaiting Purchase Fund, respectively, with a cost basis and fair value of $680 and $593, 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 Changes in Net Assets Available for Benefits.

 

10


Table of Contents

American Pacific Corporation 401(k) Plan

Form 5500, Schedule H, Part IV, Line 4i - Schedule of Assets Held at End of Year

September 30, 2011

 

Identity of issuer, borrower, lessor, or

similar party

 

Description of investment, including

maturity date, collateral and maturity value

  Cost      Current Value     

Fixed annuities:

      

*          Employer Stock Awaiting Purchase Fund

    **    $ 680     
      

 

 

 

Shares of registered investment companies:

      

Federated Prime Cash Obligations Fund

  Mutual fund                            **      2,196,742     

BlackRock Global Allocation Fund

  Mutual fund                            **      1,974,486     

BlackRock Equity Dividend Fund

  Mutual fund                            **      1,680,060     

BlackRock U.S. Opportunities Inv Fund

  Mutual fund                            **      1,384,410     

Invesco Van Kampen American Franchise Fund

  Mutual fund                            **      1,369,579     

Lazard Emerging Markets Open Fund

  Mutual fund                            **      1,181,786     

American Funds Europacific Growth Fund

  Mutual fund                            **      1,115,763     

Artio Total Return Bond Fund

  Mutual fund                            **      984,640     

Templeton Global Bond Fund

  Mutual fund                            **      963,354     

PIMCO GNMA Fund

  Mutual fund                            **      940,042     

Allianz NFJ Small Cap Value Fund

  Mutual fund                            **      877,719     

Artisian Mid Cap Value Fund

  Mutual fund                            **      832,883     

American Funds Fundamental Inv Fund

  Mutual fund                            **      775,554     

BlackRock Small Cap Growth Equity Inv Fund

  Mutual fund                            **      746,578     

DWS Equity 500 Index Fund

  Mutual fund                            **      731,915     

Franklin Natural Resources Fund

  Mutual fund                            **      640,637     

Dreyfus Small Cap Stock Index Fund

  Mutual fund                            **      519,595     

JP Morgan Smart Retirement 2030 Fund

  Mutual fund                            **      482,919     

MFS Utilities Fund

  Mutual fund                            **      477,931     

Ivy Science and Technology Fund

  Mutual fund                            **      465,613     

JP Morgan Smart Retirement 2025 Fund

  Mutual fund                            **      342,963     

Alger Health Sciences Fund

  Mutual fund                            **      282,623     

JP Morgan Smart Retirement 2020 Fund

  Mutual fund                            **      230,833     

JP Morgan Smart Retirement 2015 Fund

  Mutual fund                            **      211,066     

JP Morgan Smart Retirement 2040 Fund

  Mutual fund                            **      209,603     

Invesco Real Estate Fund

  Mutual fund                            **      200,565     

JP Morgan High Yield Bond Fund

  Mutual fund                            **      198,531     

JP Morgan Smart Retirement 2035 Fund

  Mutual fund                            **      123,557     

JP Morgan Smart Retirement 2010 Fund

  Mutual fund                            **      102,445     

JP Morgan Smart Retirement 2045 Fund

  Mutual fund                            **      41,296     

JP Morgan Smart Retirement 2050 Fund

  Mutual fund                            **      13,180     
      

 

 

 
         22,298,868     

*    American Pacific Corporation Common Stock

  Common stock (192,431 shares)   **      1,410,519     

*    Participant Loans

 

Interest rates ranging from 4.25% to 10.00%,

    
  maturing through November 2029   **      995,559     
      

 

 

 

Total investments

       $     24,705,626     
      

 

 

 

* Represents a party-in-interest to the Plan.

** Cost information is not required for participant-directed investments and, therefore, is not included.

 

11


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.

 

 

American Pacific Corporation 401(k) Plan

 

By:

  

American Pacific Corporation, as Plan

Administrator

Date: March 27, 2012

 

By:

  

    /s/ JOSEPH CARLEONE

    

Joseph Carleone

    

President & Chief Executive Officer

 

12


Table of Contents

EXHIBIT INDEX

 

Exhibit
    Index    

  Description     
23.1   Consent of Independent Registered Public Accounting Firm

 

13

EX-23.1 2 d324039dex231.htm CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Consent of Independent Registered Public Accounting Firm

EXHIBIT 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference on Form S-8 File Nos. 333-108790 and 333-153758 of American Pacific Corporation of our report dated March 27, 2012, relating to the financial statements and supplemental schedule of the American Pacific Corporation 401(k) Plan, which appears in this Annual Report on Form 11-K of the American Pacific Corporation 401(k) Plan for the year ended September 30, 2011.

/s/ McGladrey & Pullen, LLP

Las Vegas, Nevada

March 27, 2012

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