-----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, UDkoYT4IFt5pb9PNc3XxkTMEFBgobbAn7jV0/HTV6DiwIe3sheYcO8Kyo8GTV5E0 SQiYIwKZoog3Lx64K72MFg== 0000893220-96-001936.txt : 19961121 0000893220-96-001936.hdr.sgml : 19961121 ACCESSION NUMBER: 0000893220-96-001936 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19961118 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19961119 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: KERR GROUP INC CENTRAL INDEX KEY: 0000055454 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 950898810 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07272 FILM NUMBER: 96669218 BUSINESS ADDRESS: STREET 1: 500 NEW HOLLAND AVENUE CITY: LANCASTER STATE: PA ZIP: 17602 BUSINESS PHONE: 3105562200 MAIL ADDRESS: STREET 1: 1840 CENTURY PARK EAST CITY: LOS ANGELES STATE: CA ZIP: 90067 FORMER COMPANY: FORMER CONFORMED NAME: KERR GLASS MANUFACTURING CORP DATE OF NAME CHANGE: 19920518 8-K 1 KERR GROUP, INC. FORM 8-K DATED 11/19/96 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): NOVEMBER 18, 1996 ----------------- KERR GROUP, INC. ---------------------------------------------------- (Exact Name of Registrant as specified in its Charter)
DELAWARE 1-7272 95-0898810 --------------------------- ------------------ --------------- (State or other jurisdiction (Commission File No.) (I.R.S. Employer of corporation) Identification No.)
500 NEW HOLLAND AVENUE, LANCASTER, PA 17602 - --------------------------------------- ---------- (Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code: (717) 299-6511 -------------- 1840 CENTURY PARK EAST, LOS ANGELES, CA 90067 --------------------------------------------- (Former name or former address, if changed since last report) Page 1 of 7 Pages Index Exhibit Appears on Page 5 2 ITEM 5. OTHER EVENTS. On November 18, 1996, Kerr Group, Inc. issued a press release announcing that the holders of $50,900,000 of its existing unsecured debt have sold the debt. A copy of this press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. - 2 - 3
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits. --------- 99.1 Press release issued by Kerr Group, Inc., dated November 18, 1996.
- 3 - 4 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KERR GROUP, INC. Dated: November 18, 1996 By: /s/ D. Gordon Strickland ------------------------ D. Gordon Strickland President and Chief Executive Officer - 4 - 5 EXHIBIT INDEX
Exhibit No. Description - ----------- ----------- Page - ---- 99.1 Press release issued by Kerr Group, Inc., dated November 18, 1996
- 5 - EX-99.1 2 PRESS RELEASE DATED 11/18/96 1 FOR IMMEDIATE RELEASE KERR ANNOUNCES SALE OF DEBT BY INSTITUTIONAL LENDERS LANCASTER, PENNSYLVANIA (November 18, 1996) -- Kerr Group, Inc. (NYSE:KGM), announced today that the holders of $50,900,000 of its existing unsecured debt have sold the debt. Representatives of the new owners of the debt have informed Kerr that they do not intend to pursue the previously announced restructuring of this debt, pursuant to which a portion of this debt was to have been repaid with the proceeds of a new secured credit facility from The CIT Group/Business Credit, Inc., and the balance of which was to have been converted into preferred stock and subordinated debt. The new owners have indicated that they prefer a restructuring that would involve the exchange of debt for equity in Kerr. The terms of any such exchange have not yet been agreed, and there is no assurance that Kerr and the owners of the debt will reach agreement on the terms of such exchange. In order to provide Kerr with the opportunity to evaluate and negotiate the terms of this restructuring, Kerr announced that the owners of the debt have agreed to an extension of waivers of certain financial covenants and the maturity of a portion of the debt through December 31, 1996. - 6 - 2 Kerr, headquartered in Lancaster, Pennsylvania, is a major producer of plastic packaging products. # # # Company Contact: Geoffrey A. Whynot Vice President, Finance and Chief Financial Officer (717) 390-8439 - 7 - -----END PRIVACY-ENHANCED MESSAGE-----