-----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, WAWu0Jw+rmFYhbo1i4afCeMnJ8FoQj7Fhn9PTOTV1WavFf61eBxonl3X8b5NhQqF kRgIPo7kqdjeyVI/kS0bIw== 0000950138-03-000273.txt : 20030421 0000950138-03-000273.hdr.sgml : 20030421 20030421114443 ACCESSION NUMBER: 0000950138-03-000273 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20030331 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030421 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LACLEDE STEEL CO /DE/ CENTRAL INDEX KEY: 0000057187 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 430368310 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16373 FILM NUMBER: 03656490 BUSINESS ADDRESS: STREET 1: 440 NORTH FOURTH STREET 3RD FLOOR CITY: ST LOUIS STATE: MO ZIP: 63102 BUSINESS PHONE: 3144251400 MAIL ADDRESS: STREET 1: 440 NORTH FOURTH STREET 3RD FLOOR CITY: ST LOUIS STATE: MO ZIP: 63102 8-K 1 form8k.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): 4/16/03 LACLEDE STEEL COMPANY --------------------- (Exact Name of Registrant as Specified in Charter) Delaware 0-3855 43-0368310 - ---------------------- ---------------- ------------------------ (State or Other (Commission (I.R.S. Employer Jurisdiction of File Number) Identification Number) Incorporation) 440 North Fourth Street, 3rd Floor St. Louis, Missouri 63102 - --------------------------------------------- ------------------ (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: 314-425-1400 ------------ Item 5. Other Events. The Registrant is filing its reports to the U.S. Bankruptcy Court for the periods ended July 31, 2001, August 31, 2001, September 30, 2001, October 31, 2001, November 30, 2001, December 31, 2001, January 31, 2002, February 28, 2002, March 31, 2002, April 30, 2002, May 31, 2002, June 30, 2002, July 31, 2002, August 31, 2002, September 30, 2002, October 31, 2002, November 30, 2002, December 31, 2002, January 31, 2003, February 28, 2003 and March 31, 2003, which were filed with the Bankruptcy Court on April 16, 2003. Item 7. Financial Statements and Exhibits. (c) Exhibits Exhibit No. 99.1 Report to U.S. Bankruptcy Court for July 31, 2001, August 31, 2001, September 30, 2001, October 31, 2001, November 30, 2001, December 31, 2001, January 31, 2002, February 28, 2002, March 31, 2002, April 30, 2002, May 31, 2002, June 30, 2002, July 31, 2002, August 31, 2002, September 30, 2002, October 31, 2002, November 30, 2002, December 31, 2002, January 31, 2003, February 28, 2003 and March 31, 2003 (Referenced to Item 601(b) of Regulation S-K) Exhibit No. 99.2 Certifications by Chief Executive Officer and Chief Financial Officer of Laclede Steel Company pursuant to Sarbanes-Oxley Act of 2002 SIGNATURE 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. LACLEDE STEEL COMPANY (Registrant) Date: April 17, 2003 By: /s/ Michael H. Lane ------------------------------------------------ Michael H. Lane President EX-99.1 3 ex99-1.txt REPORT TO U.S. BANKRUPTCY COURT CASE NAME: LACLEDE STEEL COMPANY FORM OPR-1A CASE NUMBER: 01-48321-399
As of July 31, Aug 31 Sep 30 Oct 31 Nov 30 Dec 31 Jan 31 BALANCE SHEETS 2001 2001 2001 2001 2001 2001 2001 ------------ ------------ ----------- ----------- ----------- ----------- ----------- Current Assets: Cash* $ 195,000 $ 195,000 $ 195,000 $ 323,823 $ 323,823 $ 1,768,628 $ 1,738,037 Accounts receivable, net of allowances 15,675,287 15,410,249 14,814,241 6,752,519 3,553,199 1,268,641 583,151 Inventories 20,364,783 12,884,535 2,906,598 775,600 710,232 - - Accounts receivable from subsidiary 1,128,194 819,274 1,922,013 1,922,013 1,922,013 - - Deferred charges 1,782,385 2,120,896 - - - - - Prepaid expenses 1,111,176 1,072,297 586,394 725,872 567,621 694,301 694,301 ------------ ------------ ----------- ----------- ----------- ----------- ----------- Total Current Assets 40,256,825 32,502,251 20,424,246 10,499,827 7,076,888 3,731,570 3,015,489 ------------ ------------ ----------- ----------- ----------- ----------- ----------- Investment in subsidiary 12,262,947 12,382,185 12,721,249 13,065,675 13,179,470 - - Non-Current Assets: Unamortized debt issue costs 951,697 919,974 919,974 919,974 919,974 - - Reorg. value in excess of identifiable assets 21,024,511 20,838,453 20,838,453 20,838,453 20,838,453 - - Other 37,533 37,533 37,533 37,533 37,333 - - ------------ ------------ ----------- ----------- ----------- ----------- ----------- Total Non-Current Assets 22,013,741 21,795,960 21,795,960 21,795,960 21,795,760 - - ------------ ------------ ----------- ----------- ----------- ----------- ----------- Plant and Equipment (Schedule B) 35,040,334 35,544,452 34,385,529 34,385,529 33,785,529 33,473,714 33,473,714 Less - accumulated depreciation (1,103,508) (1,261,152) (1,209,344) (1,209,344) (1,209,344) (1,209,344) (1,209,344) Net Plant and Equipment 33,936,826 34,283,300 33,176,185 33,176,185 32,576,185 32,264,370 32,264,370 ------------ ------------ ----------- ----------- ----------- ----------- ----------- Total Assets $108,470,339 $100,963,696 $88,117,640 $78,537,647 $74,628,303 $35,995,940 $35,279,859 ============ ============ =========== =========== =========== =========== ===========
Feb 28 Mar 31 Apr 30 May 31 June 30 July 31 BALANCE SHEETS 2002 2002 2002 2002 2002 2002 ----------- ----------- ----------- ----------- ----------- ----------- Current Assets: Cash* $ 2,444,131 $ 3,503,415 $ 3,361,758 $ 3,206,947 $ 3,061,058 $ 3,405,059 Accounts receivable, net of allowances 578,309 245,925 198,704 194,704 194,704 191,848 Inventories - - - - - - Accounts receivable from subsidiary - - - - - - Deferred charges - - - - - - Prepaid expenses - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Total Current Assets 3,022,440 3,749,340 3,560,462 3,401,651 3,255,762 3,596,907 ----------- ----------- ----------- ----------- ----------- ----------- Investment in subsidiary - - - - - - Non-Current Assets: Unamortized debt issue costs - - - - - - Reorg. value in excess of identifiable assets - - - - - - Other - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Total Non-Current Assets - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Plant and Equipment (Schedule B) 33,454,714 30,207,267 30,207,267 30,207,267 30,207,267 30,207,267 Less - accumulated depreciation (1,209,344) (1,143,008) (1,143,008) (1,143,008) (1,143,008) (1,143,008) Net Plant and Equipment 32,245,370 29,064,259 29,064,259 29,064,259 29,064,259 29,064,259 ----------- ----------- ----------- ----------- ----------- ----------- Total Assets $35,267,810 $32,813,599 $32,624,721 $32,465,910 $32,320,021 $32,661,166 =========== =========== =========== =========== =========== ===========
Aug 31 Sept 30 Oct 31 Nov 30 Dec 31 Jan 31 Feb 28 BALANCE SHEETS 2002 2002 2002 2002 2002 2003 2003 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Current Assets: Cash* $ 3,417,904 $ 4,493,598 $ 4,233,312 $ 4,149,185 $ 4,982,488 $ 4,820,707 $ 4,647,700 Accounts receivable, net of allowances 1,427,087 82,533 56,533 54,033 54,033 54,033 54,033 Inventories - - - - - - - Accounts receivable from subsidiary - - - - - - - Deferred charges - - - - - - - Prepaid expenses - - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Current Assets 4,844,991 4,576,131 4,289,845 4,203,218 5,036,521 4,874,740 4,701,733 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Investment in subsidiary - - - - - - - Non-Current Assets: Unamortized debt issue costs - - - - - - - Reorg. value in excess of identifiable assets - - - - - - - Other - - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Non-Current Assets - - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- ----------- Plant and Equipment (Schedule B) 30,160,255 30,160,255 30,160,255 30,160,255 30,160,255 30,160,255 30,160,255 Less - accumulated depreciation (1,143,008) (1,143,008) (1,143,008) (1,143,008) (1,143,008) (1,143,008) (1,143,008) Net Plant and Equipment 29,017,247 29,017,247 29,017,247 29,017,247 29,017,247 29,017,247 29,017,247 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Assets $33,862,238 $33,593,378 $33,307,092 $33,220,465 $34,053,768 $33,891,987 $33,718,980 =========== =========== =========== =========== =========== =========== ===========
Mar 31 BALANCE SHEETS 2003 ----------- Current Assets: Cash* $ 4,016,432 Accounts receivable, net of allowances 54,033 Inventories - Accounts receivable from subsidiary - Deferred charges - Prepaid expenses - ----------- Total Current Assets 4,070,465 ----------- Investment in subsidiary - Non-Current Assets: Unamortized debt issue costs - Reorg. value in excess of identifiable assets - Other - ----------- Total Non-Current Assets - ----------- Plant and Equipment (Schedule B) 30,160,255 Less - accumulated depreciation (1,143,008) Net Plant and Equipment 29,017,247 ----------- Total Assets $33,087,712 ===========
I CERTIFY UNDER PENALTY OF PERJURY THAT TO THE BEST OF MY KNOWLEDGE THE FOLLOWING OPERATING REPORTS CONSISTING OF 16 PAGES ARE TRUE AND CORRECT. Date Submitted 4/16/03 Signed /s/ James B. Claes ----------- ---------------------------------------- *Includes remaining cash of Company inactive subsidiaries at March 31 as follows: Laclede Chain Manufacturing $370,283 Laclede Mid America Inc. 55,968 CASE NAME: LACLEDE STEEL COMPANY FORM OPR-1B CASE NUMBER: 01-48321-399
As of July 31, Aug 31 Sep 30 Oct 31 Nov 30 Dec 31 Jan 31 BALANCE SHEETS 2001 2001 2001 2001 2001 2001 2002 ------------ ------------ ------------- ----------- ------------ ----------- ------------ Current Liabilities: Accounts payable $12,126,951 $12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 Accrued compensation 1,572,602 1,640,265 2,657,100 2,944,082 2,944,082 2,944,082 2,944,082 Accrued taxes other than income taxes 802,311 758,985 758,985 725,344 725,344 725,344 725,344 Interest on debt 548,423 575,509 515,214 459,548 429,601 207,350 207,350 Other current liabilities 2,385,429 1,760,535 2,664,510 2,863,139 2,862,738 2,862,939 2,875,377 ------------ ------------ ----------- ----------- ----------- ----------- ----------- Total Current Liabilities 17,435,716 16,862,245 18,722,760 19,119,064 19,088,716 18,866,666 18,879,104 ------------ ------------ ----------- ----------- ----------- ----------- ----------- Non-Current Liabilities: Pensions 3,027,693 3,027,693 3,027,693 3,027,693 3,027,693 3,027,693 3,027,693 Postretirement health care 50,960,618 50,960,618 50,960,618 50,959,926 50,959,927 50,959,926 50,959,926 Deferred income taxes 563,226 563,226 563,226 563,226 563,226 563,226 563,226 EAF dust reserve 202,358 202,358 202,358 202,213 202,213 202,213 202,213 Other (837) (649) (649) (649) - - - ------------ ------------ ----------- ----------- ----------- ----------- ----------- Total Non-Current Liabilities 54,753,058 54,753,246 54,753,246 54,752,409 54,753,059 54,753,058 54,753,058 ------------ ------------ ----------- ----------- ----------- ----------- ----------- Long-Term Debt Notes and bonds payable 6,783,658 7,527,105 7,527,105 7,527,105 7,527,105 4,301,781 4,301,781 Revolving credit 23,302,646 17,843,946 12,787,006 5,736,455 2,804,737 - - Term loan - banks 5,741,668 5,741,668 5,741,668 5,741,668 5,741,668 - - ------------ ------------ ----------- ----------- ----------- ----------- ----------- Total Long-Term Debt 35,827,972 31,112,719 26,055,779 19,005,228 16,073,510 4,301,781 4,301,781 ------------ ------------ ----------- ----------- ----------- ----------- ----------- Stockholders' Equity (Deficit): Common stock 35,100 35,100 35,100 35,100 35,100 35,100 35,100 Capital in excess of par value 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 Accumulated deficit (12,046,507) (14,264,614) (23,914,245) (26,839,154) (27,787,082) (54,425,665) (55,154,184) ------------ ------------ ----------- ----------- ----------- ----------- ----------- Total Stockholders' Equity (Deficit) 453,593 (1,764,514) (11,414,145) (14,339,054) (15,286,982) (41,925,565) (42,654,084) ------------ ------------ ----------- ----------- ----------- ----------- ----------- Total Liabilities and Equity (Deficit) $108,470,339 $100,963,696 $ 88,117,640 $ 78,537,647 $ 74,628,303 $ 35,995,940 $ 35,279,859 ============ ============ ============ ============ ============ ============ ============
Feb 28 Mar 31 Apr 30 May 31 June 30 July 31 BALANCE SHEETS 2002 2002 2002 2002 2002 2002 ------------ ------------ ------------ ------------ ------------ ------------ Current Liabilities: Accounts payable $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 Accrued compensation 2,944,082 2,944,082 2,944,082 2,944,082 2,944,082 2,944,082 Accrued taxes other than income taxes 725,344 725,344 725,344 725,344 725,344 725,344 Interest on debt 207,350 207,350 207,350 207,350 207,350 207,350 Other current liabilities 2,873,375 2,878,776 2,881,193 2,881,193 2,881,193 2,891,636 ----------- ----------- ----------- ----------- ----------- ----------- Total Current Liabilities 18,877,102 18,882,503 18,884,920 18,884,920 18,884,920 18,895,363 ----------- ----------- ----------- ----------- ----------- ----------- Non-Current Liabilities: Pensions 3,027,693 3,027,693 3,027,693 3,027,693 3,027,693 3,027,693 Postretirement health care 50,959,926 50,959,926 50,959,926 50,959,926 50,959,926 50,959,926 Deferred income taxes 563,226 569,557 569,557 569,557 569,557 569,557 EAF dust reserve 202,213 202,213 202,213 202,213 202,213 202,213 Other - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Total Non-Current Liabilities 54,753,058 54,759,389 54,759,389 54,759,389 54,759,389 54,759,389 ----------- ----------- ----------- ----------- ----------- ----------- Long-Term Debt Notes and bonds payable 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 Revolving credit - - - - - - Term loan - banks - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Total Long-Term Debt 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 ----------- ----------- ----------- ----------- ----------- ----------- Stockholders' Equity (Deficit): Common stock 35,100 35,100 35,100 35,100 35,100 35,100 Capital in excess of par value 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 Accumulated deficit (55,164,231) (57,630,174) (57,821,469) (57,980,280) (58,126,169) (57,795,467) ----------- ----------- ----------- ----------- ----------- ----------- Total Stockholders' Equity (Deficit) (42,664,131) (45,130,074) (45,321,369) (45,480,180) (45,626,069) (45,295,367) ----------- ----------- ----------- ----------- ----------- ----------- Total Liabilities and Equity (Deficit) $ 35,267,810 $ 32,813,599 $ 32,624,721 $ 32,465,910 $ 32,320,021 $ 32,661,166 ============ ============ ============ ============ ============ ============
Aug 31 Sept 30 Oct 31 Nov 30 Dec 31 Jan 31 Feb 28 BALANCE SHEETS 2002 2002 2002 2002 2002 2003 2003 ------------ ------------ ------------ ------------ ------------ ------------ ------------ Current Liabilities: Accounts payable $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 Accrued compensation 2,944,082 2,944,082 2,944,082 2,944,082 2,944,082 2,944,082 2,944,082 Accrued taxes other than income taxes 725,344 725,344 725,344 725,344 725,344 725,344 725,344 Interest on debt 207,350 207,350 207,350 207,350 207,350 207,350 207,350 Other current liabilities 2,997,259 2,881,193 2,881,193 2,881,193 2,881,193 2,881,193 2,881,193 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Current Liabilities 19,000,986 18,884,920 18,884,920 18,884,920 18,884,920 18,884,920 18,884,920 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Non-Current Liabilities: Pensions 3,027,693 3,027,693 3,027,693 3,027,693 3,027,693 3,027,693 3,027,693 Postretirement health care 50,959,926 50,959,926 50,959,926 50,959,926 50,959,926 50,959,926 50,959,926 Deferred income taxes 569,557 569,557 569,557 569,557 569,557 569,557 569,557 EAF dust reserve 202,213 202,213 202,213 202,213 202,213 202,213 202,213 Other - - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Non-Current Liabilities 54,759,389 54,759,389 54,759,389 54,759,389 54,759,389 54,759,389 54,759,389 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Long-Term Debt Notes and bonds payable 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 Revolving credit - - - - - - - Term loan - banks - - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Long-Term Debt 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Stockholders' Equity (Deficit): Common stock 35,100 35,100 35,100 35,100 35,100 35,100 35,100 Capital in excess of par value 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 Accumulated deficit (56,700,018) (56,852,812) (57,139,098) (57,225,725) (56,392,422) (56,554,203) (56,727,210) ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Stockholders' Equity (Deficit) (44,199,918) (44,352,712) (44,638,998) (44,725,625) (43,892,322) (44,054,103) (44,227,110) ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Liabilities and Equity (Deficit) $ 33,862,238 $ 33,593,378 $ 33,307,092 $ 33,220,465 $ 34,053,768 $ 33,891,987 $ 33,718,980 ============ ============ ============ ============ =========== ============ ============
Mar 31 BALANCE SHEETS 2003 ------------ Current Liabilities: Accounts payable $ 12,126,951 Accrued compensation 2,944,082 Accrued taxes other than income taxes 725,344 Interest on debt 207,350 Other current liabilities 2,881,193 ----------- Total Current Liabilities 18,884,920 ----------- Non-Current Liabilities: Pensions 3,027,693 Postretirement health care 50,959,926 Deferred income taxes 569,557 EAF dust reserve 202,213 Other - ----------- Total Non-Current Liabilities 54,759,389 ----------- Long-Term Debt Notes and bonds payable 4,301,781 Revolving credit - Term loan - banks - ----------- Total Long-Term Debt 4,301,781 ----------- Stockholders' Equity (Deficit): Common stock 35,100 Capital in excess of par value 12,465,000 Accumulated deficit (57,358,478) ----------- Total Stockholders' Equity (Deficit) (44,858,378) ----------- Total Liabilities and Equity (Deficit) $ 33,087,712 ============
CASE NAME: LACLEDE STEEL COMPANY FORM OPR-2 CASE NUMBER: 01-48321-399
Month Month Month Month Month Month Aug 31 Sep 30 Oct 31 Nov 30 Dec 31 Jan 31 STATEMENTS OF OPERATIONS 2001 2001 2001 2001 2001 2002 ----------- ----------- --------- --------- --------- --------- Net sales $ 7,191,670 $ 5,200,020 $ 118,593 $ 140,714 $ 146,488 $ 104,356 ----------- ----------- --------- --------- --------- --------- Costs and expenses: Cost of products sold* 8,434,575 14,829,530 2,493,662 104,817 858,256 342,532 Selling and Administrative expenses 272,644 186,158 776,905 540,497 722,261 650,079 Depreciation and Amortization 343,702 - - - - - Interest expense, net 478,094 173,027 117,361 87,414 51,954 - Provision for uncollectible accounts - - - 469,709 1,467,228 - Loss on sale of Vandalia Plant Recoveries from litigation and other claims - - - - (2,731,899) - Write-off of non-current assets - - - - 21,795,960 - ----------- ----------- --------- --------- --------- --------- Total costs and expenses 9,529,015 15,188,715 3,387,928 1,202,437 22,163,760 992,611 ----------- ----------- --------- --------- --------- --------- Loss before activities related to subsidiary (2,337,345) (9,988,695) (3,269,335) (1,061,723) (22,017,272) (888,255) (Loss) gain on sale of subsidiary - - - - (4,834,322) 159,736 Equity in earnings of subsidiary 119,238 339,064 344,426 113,795 213,011 - ----------- ----------- --------- --------- --------- --------- (Loss) gain before income taxes (2,218,107) (9,649,631) (2,924,909) (947,928) (26,638,583) (728,519) Provision (credit) for income taxes - - - - - - ----------- ----------- --------- --------- --------- --------- Net loss $ (2,218,107) $ (9,649,631) $ (2,924,909) $ (947,928) $(26,638,583) $( 728,519) ============ ============ ============ ========== ============ ============
Month Month Month Month Month Month Feb 28 Mar 31 Apr 30 May 31 June 30 July 31 STATEMENTS OF OPERATIONS 2002 2002 2002 2002 2002 2002 ----------- ----------- ----------- ----------- ----------- ----------- Net sales $ 5,708 $ 96,656 $ 5,669 $ 3,802 $ 3,255 $ 4,118 ----------- ----------- ----------- ----------- ----------- ----------- Costs and expenses: Cost of products sold* 55,768 71,384 44,988 79,169 59,977 184,246 Selling and Administrative expenses 242,439 311,047 129,290 136,113 89,167 126,177 Depreciation and Amortization - - - - - - Interest expense, net - - - - - - Provision for uncollectible accounts - 206,328 22,686 - - 14,703 Loss on sale of Vandalia Plant 2,335,166 - - - - Recoveries from litigation and other claims (245,902) (85,042) - (27,669) - (658,368) Write-off of non-current assets - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Total costs and expenses 52,305 2,838,883 196,964 187,613 149,144 (333,242) ----------- ----------- ----------- ----------- ----------- ----------- Loss before activities related to subsidiary (46,597) (2,742,227) (191,295) (183,811) (145,889) 337,360 (Loss) gain on sale of subsidiary 36,500 276,284 - 25,000 - (6,658) Equity in earnings of subsidiary - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- (Loss) gain before income taxes (10,047) (2,465,943) (191,295) (158,811) (145,889) 330,702 Provision (credit) for income taxes - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Net loss $ (10,047) $ (2,465,943) $ (191,295) $ (158,811) $ (145,889) $ 330,702 ============ ============ ============ ============ ============ ============
* Includes expenses of Alton Water Treatment Plant, EPA fees, etc.
Month Month Month Month Month Month Month Aug 31 Sept 30 Oct 31 Nov 30 Dec 31 Jan 31 Feb 28 STATEMENTS OF OPERATIONS 2002 2002 2002 2002 2002 2003 2003 ---------- --------- --------- --------- ----------- --------- --------- Net sales $1,345,115 $ 5,211 $ 1,025 $ 3,754 $ 3,180 $ 693 $ 4,502 ---------- --------- --------- --------- ----------- --------- --------- Costs and expenses: Cost of products sold* 35,687 43,141 120,108 33,607 171,343 72,196 48,905 Selling and Administrative expenses** 217,691 84,667 137,934 56,504 134,079 105,027 129,709 Depreciation and Amortization - - - - - - - Interest expense, net - - - - - - - Provision for uncollectible accounts 74,315 - - - - - - Loss on sale of Vandalia Plant - - - - - - - Recoveries from litigation and other claims (58,532) - - - (1,137,665) (29,930) (1,205) Write-off of non-current assets - - - - - - - ---------- --------- --------- --------- ----------- --------- --------- Total costs and expenses 269,161 127,808 258,042 90,111 (832,243) 147,293 177,409 ---------- --------- --------- --------- ----------- --------- --------- Loss before activities related to subsidiary 1,075,954 (122,597) (257,017) (86,357) 835,423 (146,600) (172,907) (Loss) gain on sale of subsidiary 19,495 (30,197) (29,269) (270) (2,120) (15,181) (100) Equity in earnings of subsidiary - - - - - - - ---------- --------- --------- --------- ----------- --------- --------- (Loss) gain before income taxes 1,095,449 (152,794) (286,286) (86,627) 833,303 (161,781) (173,007) Provision (credit) for income taxes - - - - - - - ---------- --------- --------- --------- ----------- --------- --------- Net loss $1,095,449 $(152,794) $(286,286) $ (86,627) $ 833,303 $(161,781) $(173,007) ========== ========== ========= ========= =========== ========= =========
* Includes expenses of Alton Water Treatment Plant, EPA fees, etc. ** Includes professional fees and U.S. Department of Labor charges in connection with employee benefit plan filings of: $26,983 December 2002 28,727 January 2003 49,820 February 2003
Month Mar 31 STATEMENTS OF OPERATIONS 2003 ---------- Net sales $ 2,736 ---------- Costs and expenses: Cost of products sold* 64,015 Selling and Administrative expenses 569,939 Depreciation and Amortization - Interest expense, net - Provision for uncollectible accounts - Loss on sale of Vandalia Plant - Recoveries from litigation and other claims - Write-off of non-current assets - ---------- Total costs and expenses 633,954 ---------- Loss before activities related to subsidiary (631,218) (Loss) gain on sale of subsidiary (50) Equity in earnings of subsidiary - ---------- (Loss) gain before income taxes (631,268) Provision (credit) for income taxes - ---------- Net loss $ (631,268) ==========
* Includes expenses of Alton Water Treatment Plant, EPA fees, etc. CASE NAME: LACLEDE STEEL COMPANY FORM OPR-3 CASE NUMBER: 01-48321-399
Month Month Month Month Month Month August September October November December January STATEMENTS OF CASH FLOW 2001 2001 2001 2001 2001 2002 ------------ ------------ ------------ ---------- ------------- ------------- Cash flows from operating activities: Net income (loss) $ (2,218,107) $ (9,649,631) $ (2,924,909) $ (947,928) $ (26,638,583) $ (728,519) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization 343,702 - - - - - Loss on sale of subsidiary - - - - 4,834,322 (159,736) Write-off of non-current assets - - - - 21,795,960 - Provision for uncollectible accounts - - - 469,709 1,467,228 - Changes in assets and liabilities that provided (used) cash: Accounts receivable 265,038 596,008 8,061,722 2,729,611 817,330 685,490 Inventories 7,480,248 9,977,937 2,130,998 65,368 710,232 - Accrued expenses 24,337 - - - - - Accrued pension cost - - - - - - Other assets and liabilities (675,847) 3,482,626 (88,437) 14,958 (250,127) 12,438 ------------ ------------ ------------ ---------- ------------- ------------- Net cash provided by (used in) operating activities before reorganization items 5,219,371 4,406,940 7,179,374 2,331,718 2,736,362 (190,327) ------------ ------------ ------------ ---------- ------------- ------------- Cash flows used in investing activities: Capital expenditures (504,118)* - - - - - Net proceeds from sale of assets - 650,000 - 600,000 10,480,172 159,736 ------------ ------------ ------------ ---------- ------------- ------------- Net cash provided by (used in) investing activities (504,118) 650,000 - 600,000 10,480,172 159,736 ------------ ------------ ------------ ---------- ------------- ------------- Cash flows from financing activities: Payment of debtor in possession financing (4,723,586) (5,056,940) (7,050,551) (2,931,718) (2,804,737) - Term loan payment - - - - (5,741,668) - Payment of SWIDA bonds - - - - (3,225,324) - Other 8,333 - - - - - ------------ ------------ ------------ ---------- ------------- ------------- Net cash (used in) financing activities (4,715,253) (5,056,940) (7,050,551) (2,931,718) (11,771,729) - ------------ ------------ ------------ ---------- ------------- ------------- Cash and cash equivalents: Net increase (decrease) during the period - - 128,823 - 1,444,805 (30,591) At beginning of year 195,000 195,000 195,000 323,823 323,823 1,768,628 ------------ ------------ ------------ ---------- ------------- ------------- At end of period $ 195,000 $ 195,000 $ 323,823 $ 323,823 $ 1,768,628 $ 1,738,037 ============ ============ ============ ========== ============= =============
Month Month Month Month Month Month February March April May June July STATEMENTS OF CASH FLOW 2002 2002 2002 2002 2002 2002 ------------ ------------ ------------ ------------ ------------ ------------ Cash flows from operating activities: Net income (loss) $ (10,047) $ (2,465,943) $ (191,295) $ (158,811) $ (145,889) $ 330,702 Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization - - - - - - Loss on sale of subsidiary (36,550) (276,284) - (25,000) - 6,658 Write-off of non-current assets - - - - - - Provision for uncollectible accounts - 206,328 22,686 - - - Loss on Sale of Vandalia Plant 2,335,166 - - - - Changes in assets and liabilities that provided (used) cash: Accounts receivable 4,842 126,056 24,535 4,000 - 2,856 Inventories - - - - - - Accrued expenses - - - - - - Accrued pension cost - - - - - - Other assets and liabilities 692,299 11,732 2,417 - - 10,443 ------------ ------------ ------------ ------------ ------------ ------------ Net cash provided by (used in) operating activities before reorganization items 650,544 (62,945) (141,657) (179,811) (145,889) 350,659 ------------ ------------ ------------ ------------ ------------ ------------ Cash flows used in investing activities: Capital expenditures - - - - - - Net proceeds from sale of assets 55,550 1,122,229 - 25,000 - (6,658) ------------ ------------ ------------ ------------ ------------ ------------ Net cash provided by (used in) investing activities 55,550 1,122,229 - 25,000 - (6,658) ------------ ------------ ------------ ------------ ------------ ------------ Cash flows from financing activities: Payment of debtor in possession financing - - - - - - Term loan payment - - - - - - Payment of SWIDA bonds - - - - - - Other - - - - - - ------------ ------------ ------------ ------------ ------------ ------------ Net cash (used in) financing activities - - - - - - ------------ ------------ ------------ ------------ ------------ ------------ Cash and cash equivalents: Net increase (decrease) during the period 706,094 1,059,284 (141,657) (154,811) (145,889) 344,001 At beginning of year 1,738,037 2,444,131 3,503,415 3,361,758 3,206,947 3,061,058 ------------ ------------ ------------ ------------ ------------ ------------ At end of period $ 2,444,131 $ 3,503,415 $ 3,361,758 $ 3,206,947 $ 3,061,058 $ 3,405,059 ============ ============ ============ ============ ============ ============
* Recording of charges incurred prior to July 27, 2001.
Month March STATEMENTS OF CASH FLOW 2003 ----------- Cash flows from operating activities: Net income (loss) $ (631,268) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization - Loss (Gain) on sale of subsidiary 50 Write-off of non-current assets - Provision for uncollectible accounts - Loss on Sale of Vandalia Plant - Changes in assets and liabilities that provided (used) cash: Accounts receivable - Inventories - Accrued expenses - Accrued pension cost - Other assets and liabilities - ----------- Net cash provided by (used in) operating activities before reorganization items (631,218) ----------- Cash flows used in investing activities: Capital expenditures - Net proceeds from sale of assets (50) ----------- Net cash provided by (used in) investing activities (50) ----------- Cash flows from financing activities: Payment of debtor in possession financing - Term loan payment - Payment of SWIDA bonds - Other - ----------- Net cash (used in) financing activities - ----------- Cash and cash equivalents: Net increase (decrease) during the period (631,268) At beginning of period 4,647,700 ----------- At end of period $ 4,016,432 ===========
CASE NAME - LACLEDE STEEL COMPANY SCHEDULE A CASE NUMBER - 01-48321-399 SCHEDULE OF ACCOUNTS RECEIVABLE AGING
Total Accounts 0-30 31-60 61-90 91-120 Over 120 Receivable Days Days Days Days Days ----------------------------------------------------------------------------------------------------------- Date of Filing: 7-27-01 $16,788,650.93 $9,478,834.75 $5,513,875.11 $563,817.22 $164,772.08 $1,067,351.77 ----------------------------------------------------------------------------------------------------------- % of Total 100% 56.5% 32.8% 3.4% 1.0% 6.4% - ------------------------------------------------------------------------------------------------------------------------------- Month: 8-31-01 $16,398,034.09 $8,989,454.79 $3,860,527.94 $2,123,733.80 $236,861.11 $1,187,456.45 ----------------------------------------------------------------------------------------------------------- % of Total 100% 54.8% 23.5% 13.0% 1.4% 7.2% - ------------------------------------------------------------------------------------------------------------------------------- Month: 9-30-01 $15,602,409.25 $6,730,354.24 $4,379,114.96 $2,169,157.33 $938,402.28 $1,385,380.44 ----------------------------------------------------------------------------------------------------------- % of Total 100% 43.1% 28.1% 13.9% 6.0% 8.9% - ------------------------------------------------------------------------------------------------------------------------------- Month: 10-31-01 $8,391,577.03 $698,518.13 $2,240,631.85 $2,742,193.88 $827,897.53 $1,882,335.64 ----------------------------------------------------------------------------------------------------------- % of Total 100% 8.3% 26.7% 32.7% 9.9% 22.4% - ------------------------------------------------------------------------------------------------------------------------------- Month: 11-30-01 $5,192,256.97 $5,192,256.97 - ------------------------------------------------------------------------------------------------------------------------------- Month: 12-31-01 $2,174,699.02 $2,174,699.02 - ------------------------------------------------------------------------------------------------------------------------------- Month: 1-31-02 $1,323,368.77 $1,323,368.77 - ------------------------------------------------------------------------------------------------------------------------------- Month: 2-28-02 $1,318,526.92 $1,318,526.92 - ------------------------------------------------------------------------------------------------------------------------------- Month: 3-31-02 $1,284,136.23 $1,284,136.23 - ------------------------------------------------------------------------------------------------------------------------------- Month: 4-30-02 $1,236,915.66 $1,236,915.66 - ------------------------------------------------------------------------------------------------------------------------------- Month: 5-31-02 $1,232,915.66 $1,232,915.66 - ------------------------------------------------------------------------------------------------------------------------------- Month: 6-30-02 $1,232,915.66 $1,232,915.66 - ------------------------------------------------------------------------------------------------------------------------------- Month: 7-31-02 $1,230,059.65 $1,230,059.65 - ------------------------------------------------------------------------------------------------------------------------------- Month: 8-31-02 $1,122,744.71 $1,122,744.71 - ------------------------------------------------------------------------------------------------------------------------------- Month: 9-30-02 $1,120,744.71 $1,120,744.71 - ------------------------------------------------------------------------------------------------------------------------------- Month: 10-31-02 $1,094,744.71 $1,094,744.71 - ------------------------------------------------------------------------------------------------------------------------------- Month: 11-30-02 $1,092,244.71 $1,092,244.71 - ------------------------------------------------------------------------------------------------------------------------------- Month: 12-31-02 $1,092,244.71 $1,092,244.71 - ------------------------------------------------------------------------------------------------------------------------------- Month: 1-31-03 $1,092,244.71 $1,092,244.71 - ------------------------------------------------------------------------------------------------------------------------------- Month: 2-28-03 $1,092,244.71 $1,092,244.71 - ------------------------------------------------------------------------------------------------------------------------------- Month: 3-31-03 $1,092,244.71 $1,092,244.71 - -------------------------------------------------------------------------------------------------------------------------------
CASE NAME: LACLEDE STEEL COMPANY SCHEDULE B CASE NUMBER: 01-48321-399
July 31 Aug 31 Sep 30 Oct 31 Nov 30 Dec 31 Jan 31 FIXED ASSETS* 2001 2001 2001 2001 2001 2001 2002 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Real estate $ 2,215,000 $ 2,215,000 $ 2,215,000 $ 2,215,000 $ 2,215,000 $ 2,215,000 $ 2,215,000 Buildings 6,485,000 6,485,000 6,485,000 6,485,000 6,485,000 6,485,000 6,485,000 Machinery and equipment 26,340,334 26,844,452 25,685,529 25,685,529 25,085,529 24,773,714 24,773,714 ----------- ----------- ----------- ----------- ----------- ----------- ----------- $35,040,334 $35,544,452 $34,385,529 $34,385,529 $33,785,529 $33,473,714 $33,473,714 =========== =========== =========== =========== =========== =========== ===========
Feb 28 Mar 31 Apr 30 May 31 June 30 July 31 Aug 31 FIXED ASSETS* 2002 2002 2002 2002 2002 2002 2002 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Real estate $ 2,215,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 Buildings 6,485,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 Machinery and equipment 24,754,714 24,707,267 24,707,267 24,707,267 24,707,267 24,707,267 24,660,255 ----------- ----------- ----------- ----------- ----------- ----------- ----------- $33,454,714 $30,207,267 $30,207,267 $30,207,267 $30,207,267 $30,207,267 $30,160,255 =========== =========== =========== =========== =========== =========== ===========
Sept 30 Oct 31 Nov 30 Dec 31 Jan 31 Feb 28 Mar 31 FIXED ASSETS* 2002 2002 2002 2002 2003 2003 2003 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Real estate $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 Buildings 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 Machinery and equipment 24,660,255 24,660,255 24,660,255 24,660,255 24,660,255 24,660,255 24,660,255 ----------- ----------- ----------- ----------- ----------- ----------- ----------- $30,160,255 $30,160,255 $30,160,255 $30,160,255 $30,160,255 $30,160,255 $30,160,255 =========== =========== =========== =========== =========== =========== ===========
* Fixed assets are stated at values recorded in December 2000 in connection with Company's adoption of "fresh start" accounting. CASE NAME: LACLEDE STEEL COMPANY SCHEDULE C CASE NUMBER: 01-48321-399
As of July 27 Aug 31 Sep 30 Oct 31 Nov 30 Dec 31 Jan 31 2001 2001 2001 2001 2001 2001 2002 ---- ----------- ----------- ----------- ----------- --------- --------- TRADE ACCOUNTS PAYABLE $ - $ - $ - $ - $ - $ - $ - ---- ----------- ----------- ----------- ----------- --------- --------- TAXES PAYABLE Federal Payroll Taxes - - - - - - - State Payroll Taxes - - - - - - - State Sales Taxes - - - - - - - Local Payroll Taxes - - - - - - - Real Estate and Personal Property Taxes - 28,414 56,828 85,242 113,656 142,070 142,070 ---- ----------- ----------- ----------- ----------- --------- --------- TOTAL TAXES PAYABLE - 28,414 56,828 85,242 113,656 142,070 142,070 ---- ----------- ----------- ----------- ----------- --------- --------- OTHER LIABILITIES Post Petition Secured Debt* - 3,653,176 5,525,173 5,736,455 2,804,736 - - Accrued Interest Payable - 283,471 173,027 117,361 87,414 - - ---- ----------- ----------- ----------- ----------- --------- --------- TOTAL OTHER LIABILITIES - 3,936,647 5,698,200 5,853,816 2,892,150 - - ---- ----------- ----------- ----------- ----------- --------- --------- TOTAL POST PETITION DEBT $ - $ 3,965,061 $ 5,755,028 $ 5,939,058 $ 3,005,806 $ 142,070 $ 142,070 ==== =========== =========== =========== =========== ========= =========
Feb 28 Mar 31 Apr 30 May 31 June 30 July 31 Aug 31 Sept 30 Oct 31 2002 2002 2002 2002 2002 2002 2002 2002 2002 --------- --------- --------- --------- --------- --------- --------- --------- --------- TRADE ACCOUNTS PAYABLE $ - $ - $ - $ - $ - $ - $ - $ - $ - --------- --------- --------- --------- --------- --------- --------- --------- --------- OTHER CURRENT LIABILITIES 10,443 116,066 - - --------- --------- --------- --------- TAXES PAYABLE Federal Payroll Taxes - - - - - - - - - State Payroll Taxes - - - - - - - - - State Sales Taxes - - - - - - - - - Local Payroll Taxes - - - - - - - - - Real Estate and Personal Property Taxes 142,070 142,070 142,070 142,070 142,070 142,070 142,070 142,070 142,070 --------- --------- --------- --------- --------- --------- --------- --------- --------- TOTAL TAXES PAYABLE 142,070 142,070 142,070 142,070 142,070 142,070 142,070 142,070 142,070 --------- --------- --------- --------- --------- --------- --------- --------- --------- OTHER LIABILITIES Post Petition Secured Debt* - - - - - - - - - Accrued Interest Payable - - - - - - - - - --------- --------- --------- --------- --------- --------- --------- --------- --------- TOTAL OTHER LIABILITIES - - - - - - - - - --------- --------- --------- --------- --------- --------- --------- --------- --------- TOTAL POST PETITION DEBT $ 142,070 $ 142,070 $ 142,070 $ 142,070 $ 142,070 $ 142,070 $ 258,136 $ 142,070 $ 142,070 ========= ========= ========= ========= ========= ========= ========= ========= =========
* Net advances against DIP Facility subsequent to July 27, 2001.
Nov 30 Dec 31 Jan 31 Feb 28 Mar 31 2002 2002 2003 2003 2003 --------- --------- --------- --------- --------- TRADE ACCOUNTS PAYABLE $ - $ - $ - $ - $ - --------- --------- --------- --------- --------- OTHER CURRENT LIABILITIES - - - - - --------- --------- --------- --------- --------- TAXES PAYABLE Federal Payroll Taxes - - - - - State Payroll Taxes - - - - - State Sales Taxes - - - - - Local Payroll Taxes - - - - - Real Estate and Personal Property Taxes 142,070 142,070 142,070 142,070 142,070 --------- --------- --------- --------- --------- TOTAL TAXES PAYABLE 142,070 142,070 142,070 142,070 142,070 --------- --------- --------- --------- --------- OTHER LIABILITIES Post Petition Secured Debt* - - - - - Accrued Interest Payable - - - - - --------- --------- --------- --------- --------- TOTAL OTHER LIABILITIES - - - - - --------- --------- --------- --------- --------- TOTAL POST PETITION DEBT $ 142,070 $ 142,070 $ 142,070 $ 142,070 $ 142,070 ========= ========= ========= ========= =========
* Net advances against DIP Facility subsequent to July 27, 2001. CASE NAME - LACLEDE STEEL CO. SCHEDULE D CASE NUMBER - 01-48321-399 1. INSURANCE COVERAGE
Amount of Policy Premium Type of Insurance Carrier Name Coverage Expiration paid through - ----------------------------------- ------------------------------------------- -------------- -------------- ------------ Workmen's Compensation - Illinois Traveller's Statutory 31-Dec-03 30-Jun-03 Workmen's Compensation - Missouri Traveller's Statutory 31-Dec-03 31-Dec-03 General Liability Royal Surplus Lines Ins. Co. (c/o Westrope) $1,000,000 30-Jun-03 30-Jun-03 Property Lexington $5,000,000 31-Dec-03 * * Debtor named as additional insured on policy purchased by Alton Steel Company
CASE NAME - LACLEDE STEEL COMPANY SCHEDULE D CASE NUMBER - 01-48321-399 2. STATEMENT OF PAYMENT TO SECURED CREDITORS
2001 2002 --------------------------- --------------------------------------------------------------- Payee Description Oct Nov Dec Jan Feb Mar Apr May June July August - ------------ ----------- -------- ------- -------- ------- ------- ------- ------- ------- ------- ------- ------- G.E. Capital Interest $173,027 $117,361 $139,369 $ - $ - $ - $ - $ - $ - $ - $ - G.E. Capital Bank Fees $198,178 $ 40,951 $(44,017) $ - $ - $ - $ - $ - $ - $ - $ - -------- ------- -------- ------- ------- ------- ------- ------- ------- ------- ------- Total paid $371,205 $158,312 $ 95,352 $ - $ - $ - $ - $ - $ - $ - $ - ======== ======== ======== ======= ======= ======= ======= ======= ======= ======= =======
2002 2003 ------------------------------------ ------------------------- Payee Description Sept Oct Nov Dec Jan Feb Mar - ------------ ----------- -------- -------- -------- -------- ------- ------- ------- G.E. Capital Interest $ - $ - $ - $ - $ - $ - $ - G.E. Capital Bank Fees $ - $ - $ - $ - $ - $ - $ - ------- ------- ------- ------- ------- ------- ------- Total paid $ - $ - $ - $ - $ - $ - $ - ======= ======= ======= ======= ======= ======= =======
CASE NAME - LACLEDE STEEL COMPANY SCHEDULE D CASE NUMBER - 01-48321-399 3. TAX PAYMENTS MADE IN MARCH 2003 Type of Tax Amount Check # Paid - --------------------------------------- ------------- ---------- ------- F.I.C.A. - employer's portion Taxes paid by Ceridian Payroll Services Federal Unemployment Compensation Taxes paid by Ceridian Payroll Services Illinois Unemployment Compensation Taxes paid by Ceridian Payroll Services City Earnings Taxes paid by Ceridian Payroll Services CASE NAME - LACLEDE STEEL COMPANY SCHEDULE D CASE NUMBER - 01-48321-399 4. PAYMENTS TO OFFICERS Pay Name Date Amount - ------------------------------------ ----------- ------------ Michael H. Lane 03/31/03 $297,917.00 (1) President James B. Claes 03/31/03 $139,100.00 (2) Controller & Asst. Secretary 4. PAYMENTS TO DIRECTORS DATE SERVICES - ------------------------ ----------- ------------------ None 5. PAYMENTS MADE THIS MONTH TO PROFESSIONALS Name DATE SERVICES - ----------------------------- ----------- ------------------ Bryan Cave 03/05/03 $ 33,386.51 Bryan Cave 03/28/03 $ 28,942.65 Goldstein & Pressman, P.C. 03/05/03 $ 415.60 Mayer Hoffman McCann 03/06/03 $ 13,943.90 Mayer Hoffman McCann 3/19/03 $ 9,943.00 Mayer Hoffman McCann 3/28/03 $ 2,785.00 (1) Includes court authorized stay incentive payment of $275,000 (2) Includes court authorized stay incentive payment of $128,400 CASE NAME - LACLEDE STEEL COMPANY SCHEDULE D CASE NUMBER - 01-48321-399 6. RECORD OF DISBURSEMENT AND PAYMENT OF QUARTERLY FEES
Total Total Disb. Quarterly Period Ending Disbursements For Quarter Fee Date Paid Amount Paid - ----------------- ---------------- ---------------- ---------------- ---------------- ---------------- Jul 01 $6,638,863.36 Aug 01 $4,926,049.86 Sep 01 $1,694,935.53 $13,259,848.75 $10,000.00 Nov-01 $10,000.00 Oct 01 $1,021,286.63 Nov 01 $613,363.00 Dec 01 $914,302.00 $2,548,951.63 $7,500.00 Jan-02 $7,500.00 Jan 02 $1,012,745.00 Feb 02 $299,215.36 Mar 02 $382,431.32 $1,694,391.68 $5,000.00 Apr-02 $5,000.00 Apr 02 $174,278.00 May 02 $213,991.74 June 02 $148,032.70 $ 536,302.44 $3,750.00 Jul-02 $3,750.00 July 02 $312,277.00 August 02 $137,694.13 September 02 $243,874.43 $ 693,845.56 $3,750.00 Oct-02 $3,750.00 October 02 $258,041.44 November 02 $ 90,110.99 December 02 $305,421.67 $ 653,574.10 $3,750.00 Jan-03 $3,750.00 January 03 $177,223.17 February 03 $178,614.34 March 03 $633,953.80 $ 989,791.31 $3,750.00
EX-99.1 4 ex99-2.txt CERT. OF CFO & CEO PURSUANT TO SARBANES-OXLEY ACT CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the current report of Laclede Steel Company (the "Company") on Form 8-K as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Michael H. Lane, President and Chief Executive Officer of the Company, certify, to the best of my knowledge, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that: (1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 provided that, as allowed under the no action letter from the Securities and Exchange Commission, dated July 25, 2002, the financial information has been presented as required by the U. S. Bankruptcy Court and has not been prepared in accordance with U.S. generally accepted accounting principles; and (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company provided that, as allowed under the no action letter from the Securities and Exchange Commission, dated July 25, 2002, the financial information has been presented as required by the U. S. Bankruptcy Court and has not been prepared in accordance with U.S. generally accepted accounting principles of the Company. /s/ Michael H. Lane -------------------------------- Michael H. Lane President and Chief Executive Officer Laclede Steel Company April 17, 2003 CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the current report of Laclede Steel Company (the "Company") on Form 8-K as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Michael H. Lane, Chief Financial Officer of the Company, certify, to the best of my knowledge, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that: (1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 provided that, as allowed under the no action letter from the Securities and Exchange Commission, dated July 25, 2002, the financial information has been presented as required by the U. S. Bankruptcy Court and has not been prepared in accordance with U.S. generally accepted accounting principles; and (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company provided that, as allowed under the no action letter from the Securities and Exchange Commission, dated July 25, 2002, the financial information has been presented as required by the U. S. Bankruptcy Court and has not been prepared in accordance with U.S. generally accepted accounting principles of the Company. /s/ Michael H. Lane -------------------------------- Michael H. Lane Chief Financial Officer Laclede Steel Company April 17, 2003 -----END PRIVACY-ENHANCED MESSAGE-----