-----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, N/nZgyVkJyTt/9mTzW7SvgdQMrC3qn5pDG/u3bg3Pf4cLdTia4m6f7HM15iIbdZ8 mThSZsvMODhPFSjn9ZQMgQ== 0000064394-94-000029.txt : 19940711 0000064394-94-000029.hdr.sgml : 19940711 ACCESSION NUMBER: 0000064394-94-000029 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19931231 FILED AS OF DATE: 19940628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MEAD CORP CENTRAL INDEX KEY: 0000064394 STANDARD INDUSTRIAL CLASSIFICATION: 2600 IRS NUMBER: 310535759 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-02267 FILM NUMBER: 94536241 BUSINESS ADDRESS: STREET 1: MEAD WORLD HEADQUARTERS STREET 2: COURTHOUSE PLZ NORTHEAST CITY: DAYTON STATE: OH ZIP: 45463 BUSINESS PHONE: 5134956323 10-K/A 1 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K/A [X] AMENDMENT NO. 2 TO ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 1993 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ______________ Commission File No. 1-2267 THE MEAD CORPORATION (Exact name of registrant as specified in its charter) Ohio 31-0535759 (State of Incorporation) (I.R.S. Employer Identification No.) MEAD WORLD HEADQUARTERS COURTHOUSE PLAZA NORTHEAST DAYTON, OHIO 45463 (Address of principal executive offices) Registrant's telephone number, including area code: 513-495-6323 Securities registered pursuant to Section 12(b) of the Act: Name of Each Exchange Title of Each Class on which Registered ------------------- --------------------- Common Shares Without Par Value New York Stock Exchange and Common Share Purchase Rights Chicago Stock Exchange Pacific Stock Exchange 9% Debentures due 2017 New York Stock Exchange 6 3/4% Convertible Subordinated New York Stock Exchange Debentures due 2012 _________________________ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No __. _________________________ Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ ] _________________________ As of January 27, 1994, the aggregate market value of the voting shares held by non-affiliates of the Registrant was approximately $2,749,360,000 determined by multiplying the highest selling price Share on the New York Stock Exchange--Composite Transactions Tape on such date times the amount by which the total shares outstanding exceeded the shares beneficially owned by directors and executive officers of the Registrant. Such determination shall not, however, be deemed to be an admission that any person is an "affiliate" as defined in Rule 405 under the Securities Act of 1933. The number of Common Shares outstanding at March 1, 1994 was 59,271,120. DOCUMENTS INCORPORATED BY REFERENCE Portions of Registrant's Proxy Statement for the Annual Meeting of Shareholders scheduled to be held on April 28, 1994, are incorporated by reference in Part III; definitive copies of said Proxy Statement were filed with the Securities and Exchange Commission on March 14, 1994. ================================================================================ Pursuant to Rule 15d-21 under the Securities Exchange Act of 1934, the undersigned registrant (the Registrant) hereby amends its annual report on Form 10-K for the fiscal year ended December 31, 1993 to include the following information and financial statements required by Form 11-K with respect to The Mead Savings Plan for Bargaining Unit Employees (the Plan) for the year ended December 31, 1993: THE MEAD SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES TABLE OF CONTENTS - - --------------------------------------------------- (PAGE NUMBER REFERENCES ARE APPLICABLE TO PAPER COPY ONLY) Page INDEPENDENT AUDITORS' REPORT 1 FINANCIAL STATEMENTS: Statement of Net Assets Available for Benefits as of December 31, 1993 and 1992 2 Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 1993 3 NOTES TO FINANCIAL STATEMENTS 4-8 SUPPLEMENTAL SCHEDULES: Schedule of Reportable Transactions in Excess of Five Percent of the Current Value of Plan Assets for the Year Ended December 31, 1993 9-12 Schedule of Assets Held for Investment as of December 31, 1993 13-14 EXHIBIT: Independent Auditors' Consent 15 Signatures 16 INDEPENDENT AUDITORS' REPORT Members of the Corporate Benefits Committee The Mead Savings Plan for Bargaining Unit Employees Dayton, Ohio We have audited the accompanying statements of net assets available for benefits of The Mead Savings Plan for Bargaining Unit Employees (the Plan) as of December 31, 1993 and 1992, and the related statement of changes in net assets available for benefits for the year ended December 31, 1993. 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 generally accepted auditing standards. 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, such financial statements present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 1993 and 1992, and the changes in net assets available for benefits for the year ended December 31, 1993, in conformity with generally accepted accounting principles. Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of (1) assets held for investment as of December 31, 1993 and 1992, and (2) reportable transactions in excess of five percent of the current value of plan assets for the year ended December 31, 1993, are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. These schedules are the responsibility of the Plan's management. Such schedules have been subjected to the auditing procedures applied in our audit of the basic 1993 financial statements and, in our opinion, are fairly stated in all material respects when considered in relation to the basic financial statements taken as a whole. DELOITTE & TOUCHE DELOITTE & TOUCHE Dayton, Ohio June 17, 1994 THE MEAD SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS DECEMBER 31, 1993 AND 1992 ASSETS 1993 1992 - - ------------------------------------ ------------ ------------ Investments in securities (Note E): Twentieth Century Select Investors Fund $3,212,023 $ 794,892 Vanguard Equity Income Fund 1,773,480 433,192 Short-Term Investments 842,058 395,164 U.S. Treasury Obligations 802,502 Federal Agency Obligations 51,047 382,957 Corporate Mortgage Pools 59,082 Foreign Government Bonds 52,438 Interest receivable 13,847 6,169 ------------ ------------ Total assets 6,806,477 2,012,374 ------------ ------------ LIABILITIES - - ------------------------------------ Accounts payable - Administrative fees and other 10,270 8,325 ------------ ------------ Net Assets Available for Benefits $6,796,207 $2,004,049 ============ ============ See notes to financial statements THE MEAD SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED DECEMBER 31, 1993 INCREASE IN PLAN ASSETS: Contributions: Employees $4,527,533 Employee rollovers from other plans 11,522 Investment income: Interest 53,126 Dividends (including capital gain 450,149 distributions of $367,233) ------------ Total increases 5,042,330 ------------ DECREASES IN PLAN ASSETS: Distributions 62,661 Administrative expenses 52,385 Net depreciation of investments 135,126 ------------ Total decreases 250,172 ------------ NET INCREASE IN PLAN ASSETS 4,792,158 NET ASSETS - DECEMBER 31, 1992 2,004,049 ------------ NET ASSETS - DECEMBER 31, 1993 $6,796,207 ============ See notes to financial statements THE MEAD SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 1993 AND 1992 AND FOR THE YEAR ENDED DECEMBER 31, 1993 A. PLAN DESCRIPTION The Mead Savings Plan For Bargaining Unit Employees (the "Plan") permits union employees of the Mead Corporation (Mead) to participate in a program of personal savings. Generally, employees who are covered by collective bargaining agreements, which include the Plan, are eligible to participate in this Plan. Employees may generally authorize a redirection of payroll wages of up to 10% of compensation as a contribution to the Plan. Employee contributions are at all times fully vested and nonforfeitable. During the year ended December 31, 1993, participants could direct their contributions to different funds of the Plan as described below: Interest Income Fund - Contributions to the Interest Income Fund are invested in diversified, high quality, income producing, short-term investments, primarily U.S. Treasury and Government Agency obligations. Equity Growth Fund - Contributions are invested in the Twentieth Century Select Investors Fund managed by Investors Research Corporation. The Twentieth Century Select Investors Fund invests in a diversified equity portfolio with capital growth as its primary objective. Equity Income Fund - Contributions to the Equity Income Fund are invested in the Vanguard Equity Income Fund, which is managed by the Vanguard Group of Investment Companies. The Vanguard Equity Income Fund is a diversified equity portfolio consisting primarily of income producing securities. Under the terms of the Plan, contributions to the above funds are initially deposited in the WB Short Term Investment Fund (STIF) managed by Wachovia Trust (the Trustee). Contributions remain in the WB Short Term Investment Fund for approximately 30 days before being transferred to the employee directed investment fund. At December 31, 1993, there were approximately 1,511 participants in the Plan, of whom 596 had invested in the Interest Income Fund, 1,178 in the Equity Growth Fund and 896 in the Equity Income Fund. Expenses for administering the Plan during 1993, including the compensation and expenses of the Plan trustee and trading costs, are paid out of the funds of the Plan and by Mead. Certain internal administrative expenses are paid by Mead. Mead reserves the right to terminate the Plan at any time, subject to Plan provisions and the bargaining agreements. Upon such termination of the Plan, the remaining assets in the Plan, net of expenses properly charged thereto, shall be distributed to participants or their beneficiaries in cash based upon their interests in the Plan at the termination date. B. SIGNIFICANT ACCOUNTING POLICY Investments - Investments are stated at fair value as measured by readily available market prices. C. TAXES The Plan is a "qualified cash or deferred arrangement" under Sections 401(a) and 401(k) of the Internal Revenue Code and, as such, is exempt from Federal income taxes under Section 501(a). All income of the Plan will be distributed to the participants, and no income is taxable to the Plan. Generally, the first 10% of contributed employee compensation and Plan earnings are not taxable until disbursed to the participants. The sponsor has filed an application for a determination letter with the Internal Revenue Service. D. BENEFITS PAYABLE At December 31, 1993, net assets available for benefits includes benefits of $8,269 due to participants who have withdrawn from participation in the Plan. E. NET ASSETS AVAILABLE FOR BENEFITS BY FUND DECEMBER 31, 1993
NUMBER OF INTEREST EQUITY EQUITY SHORT TERM SHARES INCOME FUND GROWTH FUND INCOME FUND INVESTMENT FUND TOTAL ------------ ------------ ------------ ------------ --------------- ------------ ASSETS Investments in securities: Twentieth Century Select Investors Fund 81,399 $ $3,212,023 $ $ $3,212,023 Vanguard Equity Income Fund 129,830 1,773,480 1,773,480 Short-Term Investments 341,172 1,980 1,182 497,724 842,058 U.S. Treasury Obligations 802,502 802,502 Federal Agency Obligations 51,047 51,047 Corporate Mortgage Pools 59,082 59,082 Foreign Government Bonds 52,438 52,438 Interest receivable 12,616 786 445 13,847 ------------ ------------ ------------ --------------- ------------ Total assets 1,318,857 3,214,789 1,775,107 497,724 6,806,477 ------------ ------------ ------------ --------------- ------------ LIABILITIES Accounts payable - Administrative fees and other 1,917 4,757 3,636 (40) 10,270 ------------ ------------ ------------ --------------- ------------ INTERFUND ACCOUNTS Employee contribution receivable 96,140 256,297 145,327 (497,764) Transfers receivable (22,943) 32,294 (9,351) ------------ ------------ ------------ --------------- ------------ Net interfund receivable (payable) 73,197 288,591 135,976 (497,764) ------------ ------------ ------------ --------------- ------------ NET ASSETS $1,390,137 $3,498,623 $1,907,447 $ $6,796,207 ============ ============ ============ =============== ============
E. NET ASSETS AVAILABLE FOR BENEFITS BY FUND (Continued) DECEMBER 31, 1992
NUMBER OF INTEREST EQUITY EQUITY SHORT TERM SHARES INCOME FUND GROWTH FUND INCOME FUND INVESTMENT FUND TOTAL ------------ ------------- ------------- ------------- --------------- -------------- ASSETS Investments in securities: Twentieth Century Select Investors Fund 20,529 $ $794,892 $ $ $794,892 Vanguard Equity Income Fund 33,528 433,192 433,192 Short-Term Investments 58,601 1,746 965 333,852 395,164 Federal Agency Obligations 382,957 382,957 Interest receivable 5,208 2 1 958 6,169 ------------- ------------- ------------- --------------- -------------- Total assets 446,766 796,640 434,158 334,810 2,012,374 ------------- ------------- ------------- --------------- -------------- LIABILITIES Accounts payable - Administrative fees and other 1,848 3,989 2,488 8,325 ------------- ------------- ------------- --------------- -------------- INTERFUND ACCOUNTS Employee contribution receivable 78,274 160,060 95,518 (333,852) Transfers receivable 225 459 274 (958) ------------- ------------- ------------- --------------- -------------- Net interfund receivable (payable) 78,499 160,519 95,792 (334,810) ------------- ------------- ------------- --------------- -------------- NET ASSETS $523,417 $953,170 $527,462 $ $2,004,049 ============= ============= ============= =============== ==============
F. CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS BY FUND YEAR ENDED DECEMBER 31, 1993
SHORT TERM INTEREST EQUITY EQUITY INVESTMENT INCOME FUND GROWTH FUND INCOME FUND FUND TOTAL ------------ ------------ ------------ ------------ ------------ INCREASES IN NET ASSETS: Contributions: Employees $933,350 $2,284,597 $1,309,586 $ $4,527,533 Rollovers 4,901 5,870 751 11,522 Investment income: Interest 41,186 7,614 4,326 53,126 Dividends (including capital 334,900 115,249 450,149 gain distributions) ------------ ------------ ------------ ------------ ------------ TOTAL INCREASES 979,437 2,632,981 1,429,912 5,042,330 DECREASES IN NET ASSETS: Distributions 19,285 23,558 19,804 14 62,661 Administrative expenses 11,999 25,265 15,130 (9) 52,385 Net depreciation of investments 3,338 124,638 7,150 135,126 ------------ ------------ ------------ ------------ ------------ TOTAL DECREASES 34,622 173,461 42,084 5 250,172 INTERFUND TRANSFERS (77,339) 90,516 (13,177) ------------ ------------ ------------ ------------ ------------ NET CHANGE IN NET ASSETS 867,476 2,550,036 1,374,651 (5) 4,792,158 NET ASSETS - Beginning of Year 522,661 948,587 532,796 5 2,004,049 ------------ ------------ ------------ ------------ ------------ NET ASSETS - End of Year $1,390,137 $3,498,623 $1,907,447 $ $6,796,207 ============ ============ ============ ============ ============
The Mead Savings Plan for Bargaining Unit Employees Schedule of Reportable Transactions For the Year Ended December 31, 1993
ERISA 5500 Schedule of 5% Reportable Series of Transactions From January 1, 1993 to December 31, 1993 Beginning Net Asset Value: $2,071,110.49 5% of Net Asset Value: $ 103,555.52 - - ------------------------------------------------------------------------------------------------------------------- Asset ID Security Description Maturity Date # of Purchases Purchase Cost # Sales Rate Sale Proceeds Total # Total Cost and Proceeds - - ------------------------------------------------------------------------------------------------------------------- Equity Investments - - -------------------- 901289207 Twentieth Century Select Fund 16 2,545,319.93 2 3,550.30 18 2,548,870.23 921921102 Vanguard Equity Income Fund 19 1,363,714.26 3 16,148.89 22 1,379,863.15 Equity Investments Totals - - --------------------------- 35 3,909,034.19 5 19,699.19 40 3,928,733.38
The Mead Savings Plan for Bargaining Unit Employees Schedule of Reportable Transactions For the Year Ended December 31, 1993
ERISA 5500 Schedule of 5% Reportable Series of Transactions From January 1, 1993 to December 31, 1993 Beginning Net Asset Value: $2,071,110.49 5% of Net Asset Value: $ 103,555.52 - - ---------------------------------------------------------------------------------------------------------------- Asset ID Security Description Maturity Date # of Purchases Purchase Cost # Sales Rate Sale Proceeds Total # Total Cost and Proceeds - - ---------------------------------------------------------------------------------------------------------------- Fixed Income - - -------------------- 912827E40 United States Treas Nts 5.375 2/28/94 0 0 2 172,440.63 2 172,440.63 912827G63 United States Treas Nts 4.250 8/31/94 4 246,566.80 2 266,969.14 6 513,535.94 912827H54 United States Treas Nts 5.125 11/15/95 1 70,973.44 1 71,832.03 2 142,805.47 912827J86 United States Treas Nts 3.875 2/28/95 2 170,196.88 2 170,192.18 4 340,389.06 912827K27 United States Treas Nts 3.875 3/31/95 4 350,886.33 0 0 4 350,886.33 912827K76 United States Treas Nts 4.250 5/15/96 1 99,406.25 1 50,117.19 2 149,523.44 912827L75 United States Treas Nts 4.375 8/15/96 3 382,357.04 1 50,359.38 4 432,716.42 912827VT6 United States Treas Nts 8.625 1/15/95 1 75,775.00 2 101,676.18 3 177,451.18 912827ZJ4 United States Treas Nts 8.500 9/30/94 2 159,176.56 1 172,682.81 3 331,859.37 Fixed Income Totals - - --------------------------- 18 1,555,338.30 12 1,056,269.54 30 2,611,607.84
The Mead Savings Plan for Bargaining Unit Employees Schedule of Reportable Transactions For the Year Ended December 31, 1993
ERISA 5500 Schedule of 5% Reportable Series of Transactions From January 1, 1993 to December 31, 1993 Beginning Net Asset Value: $2,071,110.49 5% of Net Asset Value: $ 103,555.52 - - ---------------------------------------------------------------------------------------------------------------- Asset ID Security Description Maturity Date # of Purchases Purchase Cost # Sales Rate Sale Proceeds Total # Total Cost and Proceeds - - ---------------------------------------------------------------------------------------------------------------- Short Term Investments - - ---------------------- WB DTF S-T Investment Fund 174 8,428,667.70 125 8,339,958.77 299 16,768,626.47 313313NP9 Fed Farm Cr Disc Nts 1 249,381.74 1 249,381.74 2 498,763.48 313385RT5 Fed Home Ln Disc Nts 1 299,448.75 0 0 1 299,448.75 313397PP0 Fed Home Ln Mtg Disc Nts 1 199,596.00 1 199,596.00 2 399,192.00 Short Term Investments Totals - - ----------------------------- 177 9,177,094.19 127 8,788,936.51 304 17,966,030.70
The Mead Savings Plan for Bargaining Unit Employees Schedule of Reportable Transactions For the Year Ended December 31, 1993
ERISA 5500 Schedule of 5% Reportable Series of Transactions From January 1, 1993 to December 31, 1993 Beginning Net Asset Value: $2,071,110.49 5% of Net Asset Value: $ 103,555.52 - - ---------------------------------------------------------------------------------------------------------------- # of Purchases Purchase Cost # Sales Rate Sale Proceeds Total # Total Cost and Proceeds - - ---------------------------------------------------------------------------------------------------------------- Equity Investments - - ------------------ 35 3,909,034.19 5 19,699.19 40 3,928,733.38 Fixed Income Investments - - ------------------------ 18 1,555,338.30 12 1,056,269.54 30 2,611,607.84 Short Term Investments - - ---------------------- 177 9,177,094.19 127 8,788,936.51 304 17,966,030.70 Reportable Transaction Totals - - ----------------------------- 230 14,641,466.68 144 9,864,905.24 374 24,506,371.92 Non-reportable Transaction Totals - - --------------------------------- 5 270,448.52 13 184,067.15 18 454,515.67
The Mead Savings Plan for Bargaining Unit Employees Schedule of Assets Held for Investment Purposes As of December 31, 1993
- - -------------------------------------------------------------------------------------------------------- Description Shares/Par Value Cost Market Value - - -------------------------------------------------------------------------------------------------------- GENERAL INVESTMENTS U.S. Government Securities Federal Home Ln Bk Disc Nts 300,000 299,448.75 299,448.75 03/12/93 0% 01/13/1994 Federal Home Ln Bk Cons Bd 50,000 50,000.00 51,047.00 11/25/92 5.375% 11/27/1995 United States Treas Nt 80,000 71,040.80 73,064.80 Stripped Prin Pmt 8.875% 02/15/1996 United States Treas Nts 350,000 350,886.33 350,108.50 03/31/93 3.875% 03/31/1995 United States Treas Nts 50,000 49,703.12 49,843.50 05/17/93 4.25% 05/15/1996 United States Treas Nts 330,000 332,074.11 329,485.20 08/16/93 4.375% 08/15/1996 Total U.S. Government Securities 1,153,153.11 1,152,997.75 Corporate Debt Instruments - Other Ford Credit Grantor Tr 59,285.6300 59,248.58 59,081.69 1993-B Asset Backed CTF CL A 07/15/93 4.30% 07/15/1998 Monthly/No Delay Total Corporate Debt Instruments - Other 59,248.58 59,081.69
The Mead Savings Plan for Bargaining Unit Employees Schedule of Assets Held for Investment Purposes As of December 31, 1993
- - -------------------------------------------------------------------------------------------------------- Description Shares/Par Value Cost Market Value - - -------------------------------------------------------------------------------------------------------- Other Investments Swedish Natl Housing Finance 50,000 53,408.50 52,437.50 01/24/90 8.75% 01/24/1995 Eurobond US$1000 Total Other Investments 53,408.50 52,437.50 TOTAL GENERAL INVESTMENTS 1,265,810.19 1,264,516.94 COMMON/COLLECTIVE TRUSTS WB DTF Short Term Investment Fund 542,609.6600 542,609.66 542,609.66 TOTAL COMMON/COLLECTIVE TRUSTS 542,609.66 542,609.66 REGISTERED INVESTMENT COMPANIES Twentieth Century Invs Inc 81,399.4620 3,347,314.67 3,212,022.77 Select Invs Sh Vanguard Equity Income Fd Inc 129,830.1800 1,776,228.88 1,773,480.26 TOTAL REGISTERED INVESTMENT COMPANIES 5,123,543.55 4,985,503.03 GRAND TOTAL 6,931,963.40 6,792,629.63
INDEPENDENT AUDITORS' CONSENT We consent to the incorporation by reference in Registration Statement No. 33- 53421 on Form S-8 of our report dated June 17, 1994, accompanying the financial statements of The Mead Savings Plan for Bargaining Unit Employees included in the Form 10-K/A Amendment No. 2 to the Annual Report on Form 10-K of The Mead Corporation for the year ended December 31, 1993. DELOITTE & TOUCHE DELOITTE & TOUCHE Dayton, Ohio June 24, 1994 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant and the administrators of the Plan have duly caused this amendment to the Annual Report on Form 10-K to be signed by the undersigned, thereunto duly authorized. THE MEAD CORPORATION (Registrant) Date: June 27, 1994 By: John D. Fuller -------------------------- John D. Fuller Controller and Chief Accounting Officer THE MEAD SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Date: June 27, 1994 By: James D. Bell -------------------------- James D. Bell Director of Benefits ANNUAL\FORM10KA 062494 -----END PRIVACY-ENHANCED MESSAGE-----