-----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, D9alraJ5hSreINpj/p6eeaXwybi7HALimSs4aIfDHaAQZxTDEJr/9OkevMcDGSDc 5lPzm4odf6Kl7ZWUDfQXqw== 0000892251-97-000111.txt : 19970627 0000892251-97-000111.hdr.sgml : 19970627 ACCESSION NUMBER: 0000892251-97-000111 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970626 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: MERIDIAN DIAGNOSTICS INC CENTRAL INDEX KEY: 0000794172 STANDARD INDUSTRIAL CLASSIFICATION: IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES [2835] IRS NUMBER: 310888197 STATE OF INCORPORATION: OH FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14902 FILM NUMBER: 97630463 BUSINESS ADDRESS: STREET 1: 3471 RIVER HILLS DR CITY: CINCINNATI STATE: OH ZIP: 45244 BUSINESS PHONE: 5132713700 MAIL ADDRESS: STREET 1: 3471 RIVER HILLS DRIVE CITY: CINCINNATI STATE: OH ZIP: 45244 11-K 1 SAVINGS AND INVESTMENT PLAN Meridian Diagnostics, Inc. Savings and Investment Plan Plan 001 EIN: 31-0888197 1996 Form 5500 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 [X] ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED) For the Fiscal Year Commission Ended December 31, 1996 File No. 0-14902 A. Full title of the Plan and the address of the Plan, if different from that of the issuer named below: MERIDIAN DIAGNOSTICS, INC. SAVINGS AND INVESTMENT PLAN B. Name of issuer of the securities held pursuant to the Plan and the address of its principal executive office: MERIDIAN DIAGNOSTICS, INC. 3471 RIVERHILLS DRIVE CINCINNATI, OHIO 45244 (513)271-3700 Index to Exhibits at Page 4 REQUIRED INFORMATION The Meridian Diagnostics, Inc. Savings and Investment Plan (the "Plan"), is subject to the Employee Retirement Income Security Act of 1974. Item 4 In lieu of the requirements of Items 1, 2, and 3 of Form 11-K, the following financial statements of the Plan, notes thereto, and Report of Independent Public Accountants thereon are being filed as Exhibit 99 to this report: Meridian Diagnostics, Inc. Savings and Investment Plan Financial Statements as of December 31, 1996 and December 31, 1995 together with Auditors' Report. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Advisory Committee has duly caused this annual report to be signed by the undersigned thereunto duly authorized. MERIDIAN DIAGNOSTICS, INC. SAVINGS AND INVESTMENT PLAN Dated: June 26, 1997 By: /s/Gerard Blain ------------------------------ Gerard Blain Vice President, Secretary and Chief Financial Officer INDEX TO EXHIBITS The following Exhibits are being filed with this Annual Report on Form 11-K: Located at Sequentially Exhibit Numbered Page - ------------------------------------------------------------- ------------- (23) Consent of Independent Public Accountants 5 (99) ADDITIONAL EXHIBIT 99 Annual Financial Statements of Meridian Diagnostics, Inc. Savings and Investment Plan for the years ended December 31, 1996 and 1995........................... F-1 - F-16 EX-23 2 CONSENT OF ARTHUR ANDERSEN LLP EXHIBIT 23 CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS As independent public accountants, we hereby consent to the incorporation of our report included in this Form 11-K, into the Company's previously filed Registration Statement File No. 333-18979. ARTHUR ANDERSEN LLP Cincinnati, Ohio, June 26, 1997 EX-99 3 FINANCIAL STATEMENTS AS OF 12/31/96 AND 12/31/95 EXHIBIT 99 MERIDIAN DIAGNOSTICS, INC. SAVINGS AND INVESTMENT PLAN FINANCIAL STATEMENTS AS OF DECEMBER 31, 1996 AND 1995 TOGETHER WITH AUDITORS' REPORT MERIDIAN DIAGNOSTICS, INC. SAVINGS AND INVESTMENT PLAN INDEX TO ANNUAL REPORT ON FORM 11-K Page(s) ------- I. Financial Statements (a) Report of Independent Public Accountants F-3-F-4 (b) Statements of Net Assets Available for Plan Benefits, with Fund Information F-5-F-6 (c) Statement of Changes in Net Assets Available for Plan Benefits, with Fund Information F-7 (d) Notes to Financial Statements F-8-F-12 (e) Schedule of Assets Held for Investment Purposes F-13-F-15 as of December 31, 1996 (f) Schedule of Reportable Transactions for the F-16 Year Ended December 31, 1996 Report of Independent Public Accountants To the Administrative Committee of the Meridian Diagnostics, Inc. Savings and Investment Plan: We have audited the accompanying statements of net assets available for plan benefits, with fund information of the MERIDIAN DIAGNOSTICS, INC. SAVINGS AND INVESTMENT PLAN as of December 31, 1996 and 1995 and the related statement of changes in net assets available for plan benefits, with fund information, for the year ended December 31, 1996. These financial statements and the schedules, referred to below, are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements and schedules 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, the financial statements referred to above present fairly, in all material respects, the net assets available for plan benefits, with fund information of the Meridian Diagnostics, Inc. Savings and Investment Plan as of December 31, 1996 and 1995, and the changes in its net assets available for plan benefits, with fund information, for the year ended December 31, 1996 in conformity with generally accepted accounting principles. Our audits were made for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental Schedule of Assets Held for Investment Purposes and Schedule of Reportable Transactions 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 Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The fund information in the statements of net assets available for plan benefits and the statements of changes in net assets available for plan benefits is presented for purposes of additional analysis rather than to present the net assets available for plan benefits and changes in net assets available for plan benefits of each fund. The supplemental schedules and fund information have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. ARTHUR ANDERSEN LLP Cincinnati, Ohio, April 15, 1997 MERIDIAN DIAGNOSTICS, INC. SAVINGS AND INVESTMENT PLAN STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS, WITH FUND INFORMATION AS OF DECEMBER 31, 1996
NON- PARTICIPANT PARTICIPANT DIRECTED DIRECTED ------------------------------------------------------------------------------ -------- MONEY CONSERVATIVE AGGRESSIVE INTER- MERIDIAN DEPOSIT MARKET INCOME BALANCED GROWTH GROWTH NATIONAL STOCK FUND FUND FUND FUND FUND FUND GROWTH FUND FUND (NOTE 1) TOTAL ------ ------ -------- ------------ ---------- ----------- --------- --------- --------- Assets Cash and Cash Equivalents $66,752 $ 6,524 $ 54,848 $ 39,399 $ - $ - 5,095 $ 165,085 $ 337,703 -------- -------- ---------- --------- ---------- -------- -------- ---------- --------- Investments, at market value Mutual Funds T. Rowe Price International Stock Fund - - - - - 933,875 - - 933,875 Twentieth Century Ultra Investors Fund - - - - 1,110,471 - - - 1,110,471 Equity Securities - - 509,172 871,622 - - - - 1,380,794 Bonds Federal Agency - 45,094 109,218 - - - - - 154,312 Corporate - 114,735 391,526 - - - - - 506,261 Meridian Diagnostics Company Stock - - - - - - 81,029 - 81,029 Loans to Participants - - - - - - - 76,681 76,681 -------- -------- ---------- --------- ---------- -------- -------- ---------- --------- - 159,829 1,009,916 871,622 1,110,471 933,875 81,029 76,681 4,243,423 -------- -------- ---------- --------- ---------- -------- -------- ---------- --------- Receivables: Employer Contributions 2,705 7,150 35,499 30,633 42,500 22,449 7,718 (145,715) 2,939 Employee Contributions 321 910 4,541 4,701 7,097 2,702 1,497 (11,727) 10,042 Loan Payments 213 179 2,585 1,991 2,687 1,690 344 (6,685) 3,004 Accrued Income 144 2,212 9,382 1,352 65,377 27,099 820 (958) 105,428 -------- -------- ---------- --------- ---------- -------- -------- ---------- --------- 3,383 10,451 52,007 38,677 117,661 53,940 10,379 (165,085) 121,413 -------- -------- ---------- --------- ---------- -------- -------- ---------- --------- Net Assets Available for Plan Benefits $70,135 $176,804 $1,116,771 $ 949,698 $1,228,132 $987,815 $96,503 $ 76,681 $4,702,539 ======== ======== ========== ========= ========== ======== ======== =========== =========
The accompanying notes to financial statements are an integral part of this statement. MERIDIAN DIAGNOSTICS, INC. SAVINGS AND INVESTMENT PLAN STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS, WITH FUND INFORMATION AS OF DECEMBER 31, 1995
NON- PARTICIPANT PARTICIPANT DIRECTED DIRECTED -------------------------------------------------------------------- -------- MONEY CONSERVATIVE AGGRESSIVE INTER- DEPOSIT MARKET INCOME BALANCED GROWTH GROWTH NATIONAL FUND FUND FUND FUND FUND FUND GROWTH FUND (NOTE 1) TOTAL ------ ------ -------- ------------ ---------- ----------- --------- --------- Assets Cash and cash equivalents $50,141 $ 16,973 $ 29,185 $ 28,658 $ - $ - $ 176,848 $ 301,805 -------- -------- -------- -------- ---------- -------- ----------- ---------- Investments, at market value Mutual funds T. Rowe Price International Stock Fund - - - - - 460,850 - 460,850 Twentieth Century Ultra Investors Fund - - - - 1,150,830 - - 1,150,830 Equity Securities - - 404,293 620,007 - - - 1,024,300 Bonds Federal Agency - 25,125 49,875 - - - - 75,000 Corporate - 100,094 296,456 - - - - 396,550 Meridian Diagnostics Company Stock - - - - - - - Loans to participants - - - - - - 73,910 73,910 -------- -------- -------- -------- ---------- -------- ----------- ---------- - 125,219 750,624 620,007 1,150,830 460,850 73,910 3,181,440 -------- -------- -------- -------- ---------- -------- ----------- ---------- Receivables: Employer contributions 4,907 7,922 43,694 33,441 41,951 20,638 (140,000) 12,553 Employee contributions 770 1,620 8,491 8,340 11,507 5,866 (27,950) 8,644 Loan payments 286 878 2,821 2,877 3,937 1,170 (7,907) 4,062 Accrued income 31 1,559 5,759 859 57,543 14,459 (991) 79,219 -------- -------- -------- -------- ---------- -------- ----------- ---------- 5,994 11,979 60,765 45,517 114,938 42,133 (176,848) 104,478 -------- -------- -------- -------- ---------- -------- ----------- ---------- Liabilities Payables - - - - - - 5,044 5,044 -------- -------- -------- -------- ---------- -------- ----------- ---------- Net Assets Available for Plan Benefits $56,135 $154,171 $840,574 $694,182 $1,265,768 $502,983 $ 68,866 $3,582,679 ======= ======== ======== ======== ========== ======== =========== ==========
The accompanying notes to financial statements are an integral part of this statement. MERIDIAN DIAGNOSTICS, INC. SAVINGS AND INVESTMENT PLAN STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS, WITH FUND INFORMATION FOR THE YEAR ENDED DECEMBER 31, 1996
NON- PARTICIPANT PARTICIPANT DIRECTED DIRECTED ------------------------------------------------------------------------------ -------- MONEY CONSERVATIVE AGGRESSIVE INTER- MERIDIAN DEPOSIT MARKET INCOME BALANCED GROWTH GROWTH NATIONAL STOCK FUND FUND FUND FUND FUND FUND GROWTH FUND FUND (NOTE 1) TOTAL ------ ------ -------- ------------ ---------- ----------- --------- --------- --------- Additions: Interest and dividends $ 3,292 $ 9,702 $ 42,571 $ 16,480 $ 414 $ 12,394 $ 643 $ 9,563 $ 95,059 Realized and unrealized net gains (losses) - (295) 63,758 116,684 158,508 89,633 8,544 - 436,832 Rollover contributions - 888 21,293 30,918 19,309 12,133 3,624 - 88,165 Contributions- - Employer 5,457 12,566 65,448 58,886 78,586 40,297 13,878 - 275,118 Employee 6,113 11,892 69,553 71,429 98,412 46,150 15,816 - 319,365 ------- -------- --------- -------- --------- -------- ------- ------- ---------- Total Additions 14,862 34,753 262,623 294,397 355,229 200,607 42,505 9,563 1,214,539 Deductions: Distributions to participants 170 4,178 23,011 7,400 27,762 7,532 42 (5,044) 65,051 Plan expenses 325 1,804 10,242 8,548 5,450 3,108 151 - 29,628 ------- -------- --------- -------- --------- -------- ------- ------- ---------- Total Deductions 495 5,982 33,253 15,948 33,212 10,640 193 (5,044) 94,679 Net participant loan activity 1,030 1,526 9 2,874 (1,020) 572 1,801 (6,792) - Transfers in (out) (1,397) (7,664) 46,818 (25,807) (358,633) 294,293 52,390 - - ------- -------- --------- -------- --------- -------- ------- ------- ---------- Net increase (decrease) 14,000 22,633 276,197 255,516 (37,636) 484,832 96,503 7,815 1,119,860 Net Assets Available for Plan Benefits Beginning of year 56,135 154,171 840,574 694,182 1,265,768 502,983 - 68,866 3,582,679 ------- -------- --------- -------- --------- -------- ------- ------- ---------- End of year $70,135 $176,804 $1,116,771 $949,698 $1,228,132 $987,815 $96,503 $76,681 $4,702,539 ======= ======== ========== ======== ========== ======== ======= ======= ==========
The accompanying notes to financial statements are an integral part of this statement. Meridian Diagnostics, Inc. Savings and Investment Plan Plan 001 EIN: 31-0888197 1996 Form 5500 MERIDIAN DIAGNOSTICS, INC. SAVINGS AND INVESTMENT PLAN NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 1996 AND 1995 (1) Plan Description- The following description of the Meridian Diagnostics, Inc. Savings and Investment Plan (the Plan) provides only general information. Participants should refer to the Plan agreement for a more complete description of the Plan's provisions. (a) General--The Plan became effective October 1, 1983, and was amended and restated effective as of May 1, 1994. The Plan is available to all full-time employees of Meridian Diagnostics, Inc. (the Company) who have met certain service requirements as defined in the Plan. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA). The Ohio Company serves as the Trustee and recordkeeper. (b) Contributions--Participants may make voluntary contributions to the Plan on a before tax basis (401(k) contributions or deferrals) subject to stipulated maximums. In addition, the Company, at its discretion, may make matching and/or profit sharing contributions to the Plan. For the Plan year ended December 31, 1996 and 1995, the Company matched 100% of employee contributions up to 3% of participant earnings. For the Plan year ended December 31, 1996 and the Plan year ended December 31, 1995, the Company made profit sharing contributions of $140,600 and $140,000, respectively. (c) Participant Accounts--Each participant's account is credited with the participant's voluntary contributions and an allocation of the Company's discretionary contributions and plan earnings. Allocations are based on participant earnings (profit sharing contributions) or account balances (Plan earnings), as defined. Participants are entitled to the benefit that can be provided from their participant account based on vesting requirements as defined in the Plan agreement. (d) Vesting--Participants are immediately vested in their voluntary contributions and earnings thereon and vest in the Company's discretionary contributions and earnings thereon as follows: YEARS OF SERVICE PERCENTAGE VESTED ---------------- ----------------- Less than 2 0% 2 20% 3 40% 4 60% 5 80% 6 or more 100% (e) Investment Options--Participants may direct their contributions and Company matching and profit sharing contributions to be invested into one or more selected funds. Participants may change their investment options quarterly. The investment options are as follows: - Money Market Fund - Funds are invested in the Cardinal Governmental Security Trust Money Market Fund. - Income Fund - Funds are invested primarily in U.S. Government and corporate bonds which are A rated or better, with an average maturity not exceeding ten years. - Balanced Fund - Funds are invested in common stocks and quality U.S. Government or corporate bonds which are A rated or better. - Conservative Growth Fund - Funds are invested in diversified equity investments designed to provide above average, long-term total returns. - Aggressive Growth Fund - Funds are invested in the Twentieth Century Ultra Investors Fund. This fund invests primarily in common stocks which have a better than average prospect for appreciation. The fund focuses on medium-sized and smaller companies. - International Growth Fund - Funds are invested in the T. Rowe Price International Stock Fund. This fund invests primarily in common stocks of established non-U.S. companies in developed, newly industrialized, and emerging countries throughout the world. - Meridian Stock Fund - Funds are invested in Meridian Diagnostics, Inc. common stock. - Deposit Fund - Contributions to the Plan are invested in cash and cash equivalents in this fund until reinvested in the funds directed by the participants. It also includes activity related to participant loans. Participant loans bear interest at rates ranging from 6% to 10%, are secured by the vested portion of the participants account, and are generally repayable in 5 years. As of December 31, 1996, $165,084 of cash had been received but not allocated to the individual funds. Such amounts are shown as a receivable in the individual funds with a corresponding payable in the deposit fund. (f) Payment of Benefits--Participants become eligible for benefit payments upon retirement, termination, disability or death. Participants may elect a lump sum payment, equal installments over a period of time or an annuity. Benefits are recorded when paid. (g) Expenses of the Plan--The Plan pays the trust and investment fees of the Plan and the Company provides certain administrative services at no cost to the Plan. (h) Forfeitures--Forfeitures may be allocated to participants, or used to reduce employer contributions. (2) Significant Accounting Policies- (a) Basis of Accounting--The accompanying financial statements are prepared on the accrual basis of accounting. The financial statements are prepared in accordance with generally accepted accounting principles, which require the use of estimates by management in the determination of assets, liabilities, and income. Actual results could differ from those estimates. (b) Investment Valuation--The Plan's investments are stated at fair market value based upon quoted market prices. Unrealized valuation gains and losses are reflected currently in the statements of changes in net assets available for plan benefits. Realized gains and losses are computed on the specific identification basis. (c) Realized and Unrealized Gains and Losses--In accordance with Department of Labor regulations, realized and unrealized gains and losses are based on the value of investments at the beginning of the plan year or at the time of purchase, if purchased during the year. (d) Reclassifications--Certain reclassifications have been made to prior year financial statements in order to conform with the current year presentation. (3) Tax Status- The trust established under the Plan is qualified under the Internal Revenue Code (IRC) as exempt from Federal income taxes. Although the Plan has received a favorable determination letter from the Internal Revenue Service (IRS) it has not been updated for the latest plan amendments. However, the plan administrator believes that the Plan was designed and is being operated in compliance with the applicable requirements of the IRC. Therefore, they believe that the Plan was qualified and the related trust was tax-exempt for the years ended December 31, 1996 and 1995. (4) Priorities Upon Termination of the Plan- Although it has not expressed any interest to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event the Plan is terminated, the interest of all participants would immediately vest and become nonforfeitable based upon the then current individual account balances at the date of termination. (5) Reconciliation to Form 5500- As of December 31, 1996 and 1995, the Plan had $15,554 and $46,503, respectively, of pending distributions to participants who elected to withdraw from the Plan. These amounts are recorded as a liability in the Plan's Form 5500; however, these amounts are not recorded as a liability in the accompanying statements of net assets available for benefits in accordance with generally accepted accounting principles. The following table reconciles net assets available for benefits per the financial statements to the Form 5500 as filed by the Company for the year ended December 31, 1996 and 1995: NET ASSETS AVAILABLE FOR PLAN BENEFITS BENEFITS DECEMBER 31, PAYABLE TO BENEFITS -------------------- PARTICIPANTS PAID 1996 1995 ------------ ---------- -------- ---------- Per financial statements $ - $ 65,051 $4,702,539 $3,582,679 Accrued benefit payments (24,798) 24,798 (24,798) (46,503) Reversal of 1995 accrual FOR benefit payments - (46,503) - - Other differences - (1,506) (397) 2 -------- -------- ---------- ---------- Per Form 5500 $(24,798) $ 41,840 $4,677,344 $3,536,178 ======== ======== ========== ========== (6) Additional Information- The fair market values of individual assets that represent 5% or more of the Plan's net assets as of December 31, 1996 and 1995 are as follows: DECEMBER 31, 1996 1995 ---------- ---------- Twentieth Century Ultra Investors Fund $1,110,471 $1,150,830 T. Rowe Price International Stock Fund $ 933,875 $ 460,850 MERIDIAN DIAGNOSTICS INC SAVINGS & INVESTMENT PLAN ITEM 27(A)-SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES DECEMBER 31, 1996 IDENTITY OF SHARES/ ISSUER/ASSET DESCRIPTION PAR VALUE COST MARKET - --------------------------------------- --------- --------- -------- BONDS Federal Agency - --------------------------------------- Federal National Mtg Assoc 250 $25,000 $24,500 Federal Home Loan Mtg 200 19,981 20,594 Federal National Mtg Assn 250 25,000 24,500 Federal National Mtg Assn 250 24,938 23,500 Federal Home Loan Mtg 300 29,972 30,891 Federal Home Loan Mtg Corp 300 30,000 30,327 ----- ------- ------- Total Federal Agency 1,550 154,891 154,312 Corporate Debt - --------------------------------------- American General Finance Corp 500 49,857 50,430 Avco Financial Service 250 24,872 25,715 Bank of New York 250 24,775 27,352 Bankamerica Corp 500 50,000 52,750 Chrysler 500 46,750 49,328 Ford Motor Credit 250 25,263 25,504 Ford Motor Credit Global 500 49,937 50,789 General Motors Acceptance Corp 150 14,923 15,188 IBM Corp 500 49,438 50,219 Lehman Brothers Inc 540 54,432 54,270 Norwest Financial Inc 250 24,945 25,866 Nova Gas Transmission 250 24,936 27,070 Tyco International LTD 500 49,961 51,780 ----- ------- ------- Total Corporate Debt Bonds 4,940 490,089 506,261 ----- ------- ------- Total Bonds 6,490 644,980 660,573 ----- ------- ------- EQUITIES Common Stock - --------------------------------------- Ahmanson H F & Co 800 27,300 26,000 American International Group 450 28,463 48,713 Amoco 200 12,175 16,125 Atmel Corp 400 12,667 13,250 Avery Dennison Corp 1200 24,963 42,450 Burlington Northern Santa Fe 300 23,638 25,913 Cisco Systems Inc 300 19,650 19,088 Citicorp 300 29,963 30,900 Coca Cola Company 600 29,547 31,575 Colgate Palmolive 250 22,082 23,063 Columbia HCA Healthcare 525 18,813 21,394 Compaq Computer Corp 300 11,976 22,313 Computer Science Corp 250 19,469 20,531 CWM Mortgage Holdings 3,100 27,450 66,650 E I Dupont 150 13,445 14,119 Emerson Electric Co 200 12,050 19,375 Exxon Corp 300 25,650 29,400 Federal National Mortgage Assn 1300 22,669 48,913 Fisher Scientific 650 24,925 30,550 General Electric Co 450 21,138 44,494 Gillette Company 400 14,550 31,100 Hewlett Packard Co 550 27,385 27,638 Intel Corp 200 14,763 26,188 International Business Machine 150 22,333 22,725 Johnson & Johnson 550 24,315 27,363 Lowes Companies Inc 500 18,813 17,813 Lucent Technologies 600 21,958 27,750 McDonalds Corp 450 21,656 20,419 Medtronic Inc 200 9,743 13,600 Merck & Co 500 32,188 39,813 Microsoft Corp 200 11,788 16,525 Mobil Corp 200 22,177 24,450 Monsanto Co 600 24,026 23,325 Morton International Inc Ind 250 6,938 10,188 National City Corp 850 30,028 38,144 New York Times Class A 600 19,990 22,800 Pepsico Inc 500 15,532 14,625 Pfizer Inc 500 20,406 41,500 Potash Corp Sask Inc 400 26,133 34,000 Proctor & Gamble Co 500 31,360 53,813 Royal Dutch 5 Guilder 100 15,513 17,075 Schlumberger LTD 200 13,450 19,974 The Gillette Co 300 10,975 23,324 Toys R Us 500 15,500 14,937 Transocean Offshore Inc 200 12,988 12,524 Tribune Co 200 15,072 15,774 Tyco International Ltd 550 12,684 29,080 US Robotics Corp 300 20,794 21,600 Walt Disney Company 500 31,557 34,874 Williams Companies 1125 34,031 42,187 Worldcom Inc 800 17,419 20,850 ------ --------- --------- Total Equities 25,500 1,044,098 1,380,794 ------ --------- --------- MUTUAL FUNDS - --------------------------------------- Twentieth Century Ultra Investors Fund 39,533 891,400 1,110,471 T. Rowe Price International Stock Fund 67,672 859,616 933,875 ------- --------- --------- Total Mutual Funds 107,205 1,751,016 2,044,346 ------- --------- --------- PROMISSORY NOTE - --------------------------------------- Participant loans, interest at 6% to 10% 76,681 76,681 76,681 EMPLOYER'S STOCK - --------------------------------------- *Meridian Diagnostics Inc. Common Stock 6,233 72,495 81,029 ------- --------- --------- Total Assets held for Investment 222,109 $3,589,270 $4,243,423 ======= ========== ========== *Represents a party in-interest. MERIDIAN DIAGNOSTICS, INC. SAVINGS AND INVESTMENT PLAN ITEM 27(D) - SCHEDULE OF REPORTABLE TRANSACTIONS FOR THE YEAR ENDED DECEMBER 31, 1996
CURRENT VALUE OF ASSET DESCRIPTION PURCHASE SELLING COST OF ON TRANSACTION NET GAIN IDENTITY OF PARTY INVOLVED OF ASSET PRICE PRICE ASSET DATE (A) (LOSS) - -------------------------- ----------- -------- ------- ---------- ---------------- -------- Reportable Transactions by Series: - ----------------------- Cardinal Government Securities Trust Money Market $2,996,828 $ - $2,996,828 $2,996,828 $ - Cardinal Government Securities Trust Money Market - 2,965,807 $2,965,807 2,965,807 - Hewlett Packard Co. Common Stock 80,480 - 80,480 80,480 - Hewlett Packard Co. Common Stock - 102,364 76,308 102,364 26,056 Twentieth Century Ultra Mutual Fund 239,139 - 239,139 239,139 - Twentieth Century Ultra Mutual Fund - 371,275 273,902 371,275 97,373 T. Rowe Price International Mutual Fund 399,137 - 399,137 399,137 - (A) The current value of all assets acquired or disposed of, at the time of acquisition or disposition, is equal to the purchase price or selling price, respectively.
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