-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, G8q7lGzF6idqce7pdcyU13NpLhDStSeh7c6d/x2CIKCJz8ZqYoFmoCEgA8/XT5Im eCmzUnblwv+ZFPBiJs00Ag== 0000950152-95-001439.txt : 199507030000950152-95-001439.hdr.sgml : 19950703 ACCESSION NUMBER: 0000950152-95-001439 CONFORMED SUBMISSION TYPE: 11-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19941231 FILED AS OF DATE: 19950630 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN GREETINGS CORP CENTRAL INDEX KEY: 0000005133 STANDARD INDUSTRIAL CLASSIFICATION: GREETING CARDS [2771] IRS NUMBER: 340065325 STATE OF INCORPORATION: OH FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 11-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-01502 FILM NUMBER: 95551572 BUSINESS ADDRESS: STREET 1: 10500 AMERICAN RD CITY: CLEVELAND STATE: OH ZIP: 44144 BUSINESS PHONE: 2162527300 MAIL ADDRESS: STREET 1: 10500 AMERICAN ROAD CITY: CLEVELAND STATE: OH ZIP: 44144 11-K/A 1 AMERICAN GREETINGS CORPORATION FORM 11-K/A 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________ FORM 11-K/A ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 _________________________ (Mark One): X ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF - --- 1934. For the fiscal year ended December 31, 1994. OR TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT - --- OF 1934. For the transition period from _______________ to _______________ Commission file number: 0-1502 A. Full title of the plan and the address of the plan, if different from that of the issuer named below: AMERICAN GREETINGS RETIREMENT PROFIT SHARING AND SAVINGS PLAN B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: AMERICAN GREETINGS CORPORATION ONE AMERICAN ROAD CLEVELAND, OHIO 44144 _________________________ REQUIRED INFORMATION The following financial statements are being furnished for the American Greetings Retirement Profit Sharing and Savings Plan (the "Plan"): 1. Audited statements of net assets available for benefits as of December 31, 1994 and 1993. 2 2. Audited statements of changes in net assets available for benefits for the years ended December 31, 1994 and 1993. SIGNATURES The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. AMERICAN GREETINGS RETIREMENT PROFIT SHARING AND SAVINGS PLAN June 30, 1995 By: /s/ Harvey Levin -------------------------------- Name: Harvey Levin Title: Senior Vice-President -2- 3 American Greetings Retirement Profit Sharing and Savings Plan Statements of Net Assets Available for Benefits December 31, 1994 and 1993
INDEX 500 MONEY MARKET PORTFOLIO PRIMECAP WELLINGTON RESERVES PRIME TOTAL FUND FUND FUND PORTFOLIO ----------------------------------------------------------------------------------------------------------------- 1994 1993 1994 1993 1994 1993 1994 1993 1994 1993 ----------------------------------------------------------------------------------------------------------------- ASSETS Investments, at fair value: Money market funds and repurchase agreements $ 12,774,446 U.S. Government and agency securities 167,822,933 Corporate obligations 7,421,786 Common stocks 57,921,551 Index 500 Portfolio Fund $40,255,607 $40,255,607 PrimeCap Fund 46,952,475 $46,952,475 Wellington Fund 13,979,573 $13,979,573 Money Market Reserves Prime Portfolio 25,626,952 $25,379,588 Bond Index Fund 128,290,532 Common Stock of American Greetings Corporation 42,646,797 37,850,704 Participant notes receivable 229,236 68,166 Other 69,650 ----------------------------------------------------------------------------------------------------------------- TOTAL INVESTMENTS 297,981,172 283,929,236 40,255,607 46,952,475 13,979,573 25,379,588 Deposits with insurance companies 55,949,482 87,511,622 Receivables: Employer's contribution 22,970,809 22,037,880 3,224,718 3,931,380 1,007,149 1,483,789 Participants' contributions 1,035,533 1,114,774 171,200 200,125 49,923 46,040 Accrued income 5,646 2,106,507 71 Due from broker for securities sold 36,493,182 Other 7,201 956 1,338 178 408 ----------------------------------------------------------------------------------------------------------------- TOTAL RECEIVABLES 24,019,189 61,752,343 3,396,874 4,132,843 1,057,250 1,530,308 Cash 195,768 ----------------------------------------------------------------------------------------------------------------- TOTAL ASSETS 377,949,843 433,388,969 43,652,481 51,085,318 15,036,823 26,909,896 LIABILITIES Accrued expenses (583,340) Due to broker for securities purchased (63,447,969) ----------------------------------------------------------------------------------------------------------------- NET ASSETS AVAILABLE FOR BENEFITS $377,949,843 $369,357,660 $43,652,481 $51,085,318 $15,036,823 $26,909,896 ================================================================================================================= BOND COMPANY FIXED INDEX/IC STOCK PARTICIPANT COMMON INCOME FUND FUND LOAN FUND FUND FUND 1994 1993 1994 1993 1994 1993 1994 1993 1994 1993 ---------------------------------------------------------------------------------------------------------------- ASSETS Investments, at fair value: Money market funds and repurchase agreements $ 1,032,223 $ 2,582,016 $ 9,160,207 U.S. Government and agency securities 167,822,933 Corporate obligations 7,421,786 Common stocks 57,921,551 Index 500 Portfolio Fund PrimeCap Fund Wellington Fund Money Market Reserves Prime Portfolio $ 247,364 Bond Index Fund $128,290,532 Common Stock of American Greetings Corporation 42,646,797 37,850,704 Participant notes receivable $229,236 $68,166 Other 69,650 ---------------------------------------------------------------------------------------------------------------- TOTAL INVESTMENTS 128,290,532 42,894,161 38,882,927 229,236 68,166 60,503,567 184,474,576 Deposits with insurance companies 55,949,482 87,511,622 Receivables: Employer's contribution 9,826,757 3,497,016 2,879,620 4,728,220 14,430,040 Participants' contributions 367,794 200,451 170,950 287,518 656,306 Accrued income 5,575 1,513 56,220 2,048,774 Due from broker for securities sold 118,651 36,374,531 Other 3,450 871 ---------------------------------------------------------------------------------------------------------------- TOTAL RECEIVABLES 10,203,576 3,698,338 3,052,083 5,190,609 53,509,651 Cash 195,768 ---------------------------------------------------------------------------------------------------------------- TOTAL ASSETS 194,443,590 46,592,499 41,935,010 229,236 68,166 65,889,944 325,495,849 LIABILITIES Accrued expenses (377,740) (205,600) Due to broker for securities purchased (63,447,969) ---------------------------------------------------------------------------------------------------------------- NET ASSETS AVAILABLE FOR BENEFITS $194,443,590 $46,592,499 $41,935,010 $229,236 $68,166 $65,512,204 $261,842,280 =================================================================================================================
See notes to financial statements. 2 4 American Greetings Retirement Profit Sharing and Savings Plan Statements of Changes in Net Assets Available for Benefits For the Years Ended December 31, 1994 and 1993
INDEX 500 MONEY MARKET PORTFOLIO PRIMECAP WELLINGTON RESERVES PRIME TOTAL FUND FUND FUND PORTFOLIO ------------------------------------------------------------------------------------------------------------- 1994 1993 1994 1993 1994 1993 1994 1993 1994 1993 ------------------------------------------------------------------------------------------------------------- ADDITIONS TO NET ASSETS ATTRIBUTED TO Net realized and unrealized (depreciation) appreciation of investments-- Note C $(20,695,241) $ 17,027,611 $ 764,106 $ 2,564,675 $ (425,863) Interest and dividend income 16,216,606 16,903,606 757,037 1,056,245 250,808 $ 284,660 Dividends from American Greetings Corporation common stock 761,552 388,927 Contributions: Participants 14,640,336 10,825,314 1,285,153 1,385,914 207,995 190,913 Rollover 509,184 110,857 108,043 78,878 39,988 Employer 22,970,809 22,037,880 3,224,718 3,931,380 1,007,149 1,483,789 ------------------------------------------------------------------------------------------------------------ Total additions 34,403,246 67,183,338 6,141,871 9,046,257 1,118,967 1,999,350 DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO Benefits paid to participants 24,748,586 12,271,135 643,897 671,415 44,542 1,675,175 Administrative expenses 1,062,477 1,359,761 4,705 5,049 539 701 ------------------------------------------------------------------------------------------------------------ Total deductions 25,811,063 13,630,896 648,602 676,464 45,081 1,675,876 ------------------------------------------------------------------------------------------------------------ Net (decrease) increase prior to interfund transfers 8,592,183 53,552,442 5,493,269 8,369,793 1,073,886 323,474 Interfund transfers--net 6,307,799 10,864,175 13,962,937 26,586,422 Net assets transferred between trusts 31,851,413 31,851,350 ------------------------------------------------------------------------------------------------------------ Net increase (decrease) 8,592,183 53,552,442 43,652,481 51,085,318 15,036,823 26,909,896 Net assets available for benefits at beginning of year 369,357,660 315,805,218 ------------------------------------------------------------------------------------------------------------ NET ASSETS AVAILABLE FOR BENEFITS $377,949,843 $369,357,660 $43,652,481 $51,085,318 $ 15,036,823 $26,909,896 ============================================================================================================ BOND COMPANY FIXED INDEX/IC STOCK PARTICIPANT COMMON INCOME FUND FUND LOAN FUND FUND FUND 1994 1993 1994 1993 1994 1993 1994 1993 1994 1993 ------------------------------------------------------------------------------------------------------------------ ADDITIONS TO NET ASSETS ATTRIBUTED TO Net realized and unrealized (depreciation) appreciation of investments-- Note C $ (4,039,357) $(6,813,454)$ 8,737,445 $(4,808,344) $ 5,429,489 $ (7,937,004) $ 2,860,677 Interest and dividend income 8,319,620 34,380 15,732 $ 5,733 $ 4,405 460,311 682,144 5,047,812 16,201,325 Dividends from American Greetings Corporation common stock 761,552 388,927 Contributions: Participants 3,722,748 2,891,598 1,399,462 1,722,683 2,763,484 3,233,332 6,662,368 Rollover 97,763 73,655 Employer 9,826,757 3,497,016 2,879,620 4,728,220 14,430,040 ---------------------------------------------------------------------------------------------------------------- Total additions 17,927,531 444,747 13,421,186 5,733 4,405 (2,625,350) 13,603,337 344,140 40,154,410 DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO Benefits paid to participants 10,787,147 1,558,982 651,722 7,745 47,819 1,496,481 910,058 7,863,202 10,661,536 Administrative expenses 27,397 19,321 16,219 500,300 410,345 504,465 933,197 ---------------------------------------------------------------------------------------------------------------- Total deductions 10,814,544 1,578,303 667,941 7,745 47,819 1,996,781 1,320,403 8,367,667 11,594,733 ---------------------------------------------------------------------------------------------------------------- Net (decrease) increase prior to interfund transfers 7,112,987 (1,133,556) 12,753,245 (2,012)(43,414) (4,622,131) 12,282,934 (8,023,527) 28,559,677 Interfund transfers--net (55,182,153) 5,791,045 12,746,755 163,082 2,812,690 (1,220,688) (11,305,997) (11,526,067) Net assets transferred between trusts 242,512,756 (63,702,763) (242,512,756) ---------------------------------------------------------------------------------------------------------------- Net increase (decrease) 194,443,590 4,657,489 25,500,000 161,070 (43,414)(65,512,204) 11,062,246 (261,842,280) 17,033,610 Net assets available for benefits at beginning of year 41,935,010 16,435,010 68,166 111,580 65,512,204 54,449,958 261,842,280 244,808,670 ---------------------------------------------------------------------------------------------------------------- NET ASSETS AVAILABLE FOR BENEFITS $194,443,590 $46,592,499 $41,935,010 $229,236 $68,166 $65,512,204 $261,842,280 ================================================================================================================
See notes to financial statements. 3 -----END PRIVACY-ENHANCED MESSAGE-----