-----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, O2TQpX/LeT8Bbw3O3htn6keAuAYsvfP0ba3AM8g1jI6iBlw+m8iafdSZm35pVke9 Oi4ii8HJ4SPzGHgsslKV6A== 0000912057-97-031957.txt : 19970930 0000912057-97-031957.hdr.sgml : 19970930 ACCESSION NUMBER: 0000912057-97-031957 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19970331 FILED AS OF DATE: 19970929 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: NU KOTE HOLDING INC /DE/ CENTRAL INDEX KEY: 0000812423 STANDARD INDUSTRIAL CLASSIFICATION: PENS, PENCILS & OTHER ARTISTS' MATERIALS [3950] IRS NUMBER: 161296153 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 11-K SEC ACT: SEC FILE NUMBER: 000-20287 FILM NUMBER: 97687129 BUSINESS ADDRESS: STREET 1: 17950 PRESTON RD STE 690 CITY: DALLAS STATE: TX ZIP: 75252 BUSINESS PHONE: 2142502785 MAIL ADDRESS: STREET 1: 17950 PRESTON ROAD SUITE 690 CITY: DALLAS STATE: TX ZIP: 75252 11-K 1 FORM 11-K As filed with the Securities and Exchange Commission on September 29, 1997 - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ------------------------- FORM 11-K [x] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 1997 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transaction period from __________ to ____________ Commission file number: 0-20287 (formerly 33-69708) ------------------------- NU-KOTE INTERNATIONAL, INC. EMPLOYEES SAVINGS PLAN (Full title of the Plan) NU-KOTE HOLDING, INC. (Exact name of issuer as specified in its charter) 17950 Preston Road Suite 690, LB 21 Dallas, Texas 75252 (Address of Principal Executive Office including Zip Code) This report contains 19 pages. The exhibit index is on page 2. - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- REQUIRED INFORMATION Item 1. Not applicable. Item 2. Not applicable. Item 3. Not applicable. Item 4. Plan financial statements and schedules prepared in accordance with the financial reporting requirements of ERISA have been included as Exhibit 1 hereto. EXHIBITS 1. Audited financial statements for the Nu-kote International, Inc. Employees Savings Plan including statements of net assets available for plan benefits as of March 31, 1997 and 1996 and related statements of changes in net assets available for plan benefits for the years then ended, together with notes and schedules thereto. 2. Consent of Coopers & Lybrand L.L.P. 2 SIGNATURES THE PLAN. Pursuant to the requirements of the Securities Exchange Act of 1934, the Nu-kote International, Inc. Employees Savings Plan has duly caused this annual report to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Dallas, State of Texas, on the 29th day of September, 1997. Nu-kote International, Inc. Employees Savings Plan By: /s/ Steven J. DiPasquale ----------------------------------- Steven J. DiPasquale Senior Vice President & Treasurer 3 EX-1 2 EXHIBIT 1 EXHIBIT 1 I N D E X Pages ----- Report of Independent Accountants 2 Financial Statements: Statements of Net Assets Available for Benefits, March 31, 1997 and 1996 3 Statements of Changes in Net Assets Available for Benefits for the years ended March 31, 1997 and 1996 4 Notes to Financial Statements 5-12 Supplemental Schedules: Item 27a--Schedule of Assets Held for Investment Purposes, March 31, 1997 13 Item 27d--Schedule of Reportable Transactions for the year ended March 31, 1997 14 1 [LETTERHEAD] REPORT OF INDEPENDENT ACCOUNTANTS To the Plan Participants and Administrator of the Nu-kote International, Inc. Employees Savings Plan: We have audited the accompanying statements of net assets available for benefits of the Nu-kote International, Inc. Employees Savings Plan (the "Plan") as of March 31, 1997 and 1996, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan's administrator. 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, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Nu-kote International, Inc. Employees Savings Plan as of March 31, 1997 and 1996, and the changes in net assets available for benefits for the years then ended in conformity with generally accepted accounting principles. Our audit was 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 at March 31, 1997 and Schedule of Reportable Transactions for the year then ended 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. The supplemental schedules 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. COOPERS & LYBRAND L.L.P. Dallas, Texas September 25, 1997 2 NU-KOTE INTERNATIONAL, INC. EMPLOYEES SAVINGS PLAN STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS MARCH 31, 1997 AND 1996 ASSETS 1997 1996 ---------- ---------- Investments at fair value: Mutual funds $7,002,750 $6,335,381 Nu-kote stock fund 420,175 1,358,606 Participant loans 302,198 274,571 ---------- ---------- Total investments 7,725,123 7,968,558 Receivables: Employee contributions 70,695 65,589 Employer contributions 25,853 23,510 ---------- ---------- Total assets 7,821,671 8,057,657 ---------- ---------- LIABILITIES Administrative fees payable 15,000 7,500 Other 60,159 ---------- ---------- Total liabilities 75,159 7,500 ---------- ---------- Net assets available for benefits $7,746,512 $8,050,157 ---------- ---------- ---------- ---------- The accompanying notes are an integral part of the financial statements. 3 NU-KOTE INTERNATIONAL, INC. EMPLOYEES SAVINGS PLAN STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEARS ENDED MARCH 31, 1997 AND 1996 1997 1996 ----------- ---------- Additions: Employee contributions (net of refunds of $60,159 in 1997) $ 919,085 $ 928,877 Employer contributions 363,692 346,649 Rollover contributions 48,366 1,275,866 Net increase in fair value of mutual funds 675,500 860,627 Net appreciation (depreciation) in fair value of Nu-kote stock fund (1,321,383) 320,622 Interest income 19,330 13,511 ----------- ---------- Total additions 704,590 3,746,152 ----------- ---------- Deductions: Benefits paid to participants 944,785 851,073 Administrative expenses 63,450 18,995 ----------- ---------- Total deductions 1,008,235 870,068 ----------- ---------- Net increase/(decrease) (303,645) 2,876,084 Net assets available for benefits: Beginning of year 8,050,157 5,174,073 ----------- ---------- End of year $ 7,746,512 $8,050,157 ----------- ---------- ----------- ---------- The accompanying notes are an integral part of the financial statements. 4 NU-KOTE INTERNATIONAL, INC. EMPLOYEES SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS 1. DESCRIPTION OF THE PLAN: GENERAL Nu-kote International, Inc. (the "Company" or "Employer"), is a wholly-owned subsidiary of Nu-kote Holding, Inc. ("Nu-kote"). The Nu-kote International, Inc. Employees Savings Plan (the "Plan") is a defined contribution plan that became effective January 16, 1987. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"). The following description of the Plan is provided for general information purposes. Participants should refer to the Plan document for more complete information. PARTICIPATION All U.S. domestic employees of the Company are eligible for participation in the Plan at the next entry date after the completion of one year of service. The Plan allows participants to contribute an aggregate amount equal to 1% to 6% of their base salary on a before-tax basis, not to exceed the legal maximum amount. The Company will match, out of its current year's earnings, up to 40% of the first 6% of each participant's wages contributed. The participant is also allowed to contribute an additional 10% of their salary on an after-tax basis. The Company does not match after-tax contributions. The Plan participants are allowed to direct the investment of their contributions into five funds offered by NationsBank (the "Trustee"). The participant has the option to invest, in multiples of 1%, in the following funds: a stable capital fund, a strategic fixed income fund, a capital growth fund, a Nu-kote stock fund and an equity index fund. Earnings for each investment program are allocated based on participant's daily balances within that investment program. VESTING Employee contributions vest immediately. Employer contributions vest based on completed years of service. A participant fully vests with five years of credited service (20% per year of service). Participants who terminate due to death, normal retirement or disability are fully vested. Upon termination of employment, the participants' nonvested benefits are forfeited and are used to reinstate forfeitures for certain re-employed participants and to reduce matching contributions of the Company. 5 NU-KOTE INTERNATIONAL, INC. EMPLOYEES SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS, Continued BENEFITS Participants (or their beneficiaries) are eligible to receive vested benefits upon retirement, death, disability or when they terminate employment with the Company. If benefits are greater than $3,500, the participants may choose to leave their balance in the Plan, elect payment as a single lump-sum payment or receive their benefits in the form of an annuity. PARTICIPANT LOANS Participants, after receiving approval from the Plan administrator, are allowed to obtain a loan from the Plan based on 50% of the value of his or her vested amount under the Plan, up to a maximum of $50,000. The minimum loan available is $1,000. ADMINISTRATION OF THE PLAN The Plan is administered by a committee of employees of the Company. The Committee members are selected by the Board of Directors of the Company. TERMINATION Although it has not expressed any intent to do so, the Employer has the right, under the Plan, to terminate the Plan subject to ERISA. In the event of the termination of the Plan, all participants would be fully vested in their account balances and assets would be distributed in accordance with the Plan. 2. SIGNIFICANT ACCOUNTING POLICIES: BASIS OF ACCOUNTING The financial statements of the Plan have been prepared on the accrual basis of accounting in conformity with generally accepted accounting principles. 6 NU-KOTE INTERNATIONAL, INC. EMPLOYEES SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS, Continued INVESTMENT VALUATION AND INCOME RECOGNITION The fair market value of investments in mutual funds are determined by the Trustee, as each fund's investment manager, based on the fair value of each underlying fund's investments principally using quoted market values. Investments in the Nu-kote stock fund are valued at the quoted market value of the underlying stock. Income and dividends from investments are accrued as earned. Purchases and sales are reflected on a trade-date basis. The Plan presents in the statement of changes in net assets available for benefits the net appreciation (depreciation) in the fair value of the Nu-kote stock fund which consists of the realized gains or losses and the unrealized appreciation (depreciation) on those investments. Additionally, the net increase (decrease) in fair value of mutual funds includes realized and unrealized gains or losses and dividends and capital gain distributions reinvested. Participant loans are stated at face value which approximates market. ADMINISTRATIVE EXPENSES Administrative expenses of the Plan are primarily paid by the Plan. USE OF ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of net assets available for benefits at the date of the financial statements and the reported amounts of changes in net assets available for benefits during the reporting period. Actual results could differ from those estimates. RISKS AND UNCERTAINTIES The Plan provides for various investment options in any combination of stocks, bonds, fixed income securities, mutual funds, and other investment securities. Investment securities are exposed to various risks, such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the statement of net assets available for plan benefits. 7 NU-KOTE INTERNATIONAL, INC. EMPLOYEES SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS, CONTINUED RECLASSIFICATION Certain reclassifications have been made to the prior year balances to conform to the current year presentation. Certain line items have been combined differently for financial statement presentation. 3. INVESTMENTS: Participant contributions are invested in accordance with the participant's election in one or more investment programs. The investment program options are the same for all contributions made to the Plan. Participants may change the composition of their share of net assets and their allocation percentage in each program at any time during the calendar year. The estimated number of participants with a share of net assets at March 31, 1997 and 1996 of each investment program is as follows: 1997 1996 ---- ---- NationsBank Stable Capital Fund 363 381 NationsBank Strategic Fixed Income Fund 227 231 NationsBank Capital Growth Fund 373 361 NationsBank Equity Index Fund 381 361 Nu-kote Stock Fund 650 652 At March 31, 1997, 668 participants held assets in the Plan. INVESTMENT PROGRAMS Each of the investment options will vary in price and the return will fluctuate as market conditions change. The current investment options are described below. NationsBank Stable Capital Fund seeks to maximize current income while maintaining a fixed market value. It invests in a broad range of short- term (one to three years) fixed-income securities including guaranteed investment contracts, commercial paper, bank obligations, corporate paper and money market instruments. 8 NU-KOTE INTERNATIONAL, INC. EMPLOYEES SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS, CONTINUED NationsBank Strategic Fixed Income Fund seeks to maximize total investment return through the active management of fixed income securities. It invests primarily in a mix of investment grade (BBB or better) corporate, government and mortgage-backed securities. The fund is structured to generally have an average weighted maturity of ten years or less. NationsBank Capital Growth Fund seeks long-term capital growth. It invests in stocks with growth characteristics which NationsBank believes should outperform the market over time. The fund focuses on companies with: - Large market capitalization--above $500,000,000 - Above average growth potential - Above average return on equity and earnings growth relative to the S&P 500 NationsBank Equity Index Fund seeks to closely approximate the total return performance of the S&P 500 Index. Its portfolio holdings are structured according to the S&P 500 Index. Nu-kote Stock Fund consists of Nu-kote Holding, Inc.'s common stock and the NationsBank Treasury Fund. Since the fund invests only in Nu-kote common stock and money market investments of the NationsBank Treasury Fund, the value of this fund should be expected to fluctuate more frequently than that of other Plan investment options. ASSET VALUES AND NUMBER OF UNITS The total asset value, number of units and the asset value per unit by investment within the investment program of the Plan at March 31, 1997 and 1996 are as follows: March 31, 1994 -------------------------------------------------------------------------- 1997 1996 ----------------------------------- ----------------------------------- Total Number Value Total Number Value Asset Value of Units Per Unit Asset Value of Units Per Unit ----------- -------- -------- ----------- -------- -------- NationsBank Stable Capital Fund $1,763,689 139,063 $12.68 $1,890,708 157,711 $11.99 NationsBank Strategic Fixed Income Fund 917,890 95,415 9.62 944,602 95,126 9.93 NationsBank Capital Growth Fund 1,966,352 168,064 11.70 1,594,950 118,760 13.43 NationsBank Equity Index Fund 2,354,819 148,195 15.89 1,905,121 140,289 13.58 Nu-kote Stock Fund 420,175 79,854 5.26 1,358,606 60,900 22.31 ---------- ---------- $7,422,925 $7,693,987 ---------- ---------- ---------- ----------
9 NU-KOTE INTERNATIONAL, INC. EMPLOYEES SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS, CONTINUED Each of the above investments comprises more than 5% of net assets available for benefits at March 31, 1997 and 1996. 4. ROLLOVER CONTRIBUTIONS: As a result of Nu-kote's acquisition during fiscal 1995 of the Hardcopy Division of Pelikan Holding AG, acquired U.S. employees were offered the option to transfer their accounts to the Plan. The rollover contributions were made in fiscal 1996. 5. INCOME TAX STATUS: The Internal Revenue Service has determined and informed the Company by a letter dated January 11, 1996, that the Plan and related trust are designed in accordance with applicable sections of the Internal Revenue Code. 6. PARTICIPANT INVESTMENT OPTIONS: The following is a summary by investment program of changes in net assets available for benefits for the years ended March 31, 1997 and 1996 and net assets available for benefits as of March 31, 1997 and 1996: 10 NU-KOTE INTERNATIONAL, INC. EMPLOYEES SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS, CONTINUED Stable Strategic Capital Company 1997 Capital Fixed Income Growth Stock - ------------------------------- ---------- ------------ ---------- ----------- Balance, March 31, 1996 $1,890,708 $944,602 $1,594,950 $ 1,358,606 ---------- -------- ---------- ----------- Additions: Employee contributions 204,309 94,466 255,664 142,493 Employer contributions 361,349 Rollover contribution 5,194 7,171 6,655 15,582 Net increase in fair value of mutual funds 82,938 24,459 202,474 Net appreciation in the fair value of Nu-kote stock fund (1,321,383) Interest income Deductions: Benefits paid to participants (257,297) (79,966) (213,474) (137,670) Administrative expenses (24,209) (7,089) (6,739) (6,432) Interfund transfers, net (137,954) (65,753) 126,822 7,630 ---------- -------- ---------- ----------- Net additions (deductions) (127,019) (26,712) 371,402 (938,431) ---------- -------- ---------- ----------- Balance, March 31, 1997 $1,763,689 $917,890 $1,966,352 $ 420,175 ---------- -------- ---------- ----------- ---------- -------- ---------- ----------- Assets: Investments at fair value: Mutual funds $1,763,689 $917,890 $1,966,352 Nu-kote stock funds $ 420,175 Participant loans ---------- -------- ---------- ----------- Total investments 1,763,689 917,890 1,966,352 420,175 Receivables: Employee contributions Employer contributions ---------- -------- ---------- ----------- Total assets 1,763,689 917,890 1,966,352 420,175 ---------- -------- ---------- ----------- Liabilities: Administrative expenses payable Other ---------- -------- ---------- ----------- Total liabilities 0 0 0 0 ---------- -------- ---------- ----------- Net assets available for benefits $1,763,689 $917,890 $1,966,352 $ 420,175 ---------- -------- ---------- ----------- ---------- -------- ---------- -----------
Equity Loan 1997 Index Fund Other Total - ------------------------------- ---------- -------- -------- ----------- Balance, March 31, 1996 $1,905,121 $274,571 $ 81,599 $ 8,050,157 ---------- -------- -------- ----------- Additions: Employee contributions 277,206 (55,053) 919,085 Employer contributions 2,343 363,692 Rollover contribution 13,764 48,366 Net increase in fair value of mutual funds 365,629 675,500 Net appreciation in the fair value of Nu-kote stock fund (1,321,383) Interest income 19,330 19,330 Deductions: Benefits paid to participants (241,250) (15,128) (944,785) Administrative expenses (11,481) (7,500) (63,450) Interfund transfers, net 45,830 23,425 0 ---------- -------- -------- ----------- Net additions (deductions) 449,698 27,627 (60,210) (303,645) ---------- -------- -------- ----------- Balance, March 31, 1997 $2,354,819 $302,198 $ 21,389 $ 7,746,512 ---------- -------- -------- ----------- ---------- -------- -------- ----------- Assets: Investments at fair value: Mutual funds $2,354,819 $ 7,002,750 Nu-kote stock funds 420,175 Participant loans $302,198 302,198 ---------- -------- -------- ----------- Total investments 2,354,819 302,198 7,725,123 Receivables: Employee contributions $ 70,695 70,695 Employer contributions 25,853 25,853 ---------- -------- -------- ----------- Total assets 2,354,819 302,198 96,548 7,821,671 ---------- -------- -------- ----------- Liabilities: Administrative expenses payable (15,000) (15,000) Other (60,159) (60,159) ---------- -------- -------- ----------- Total liabilities 0 0 (75,159) (75,159) ---------- -------- -------- ----------- Net assets available for benefits $2,354,819 $302,198 $ 21,389 $ 7,746,512 ---------- -------- -------- ----------- ---------- -------- -------- -----------
11 NU-KOTE INTERNATIONAL, INC. EMPLOYEES SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS, CONTINUED Stable Strategic Capital Capital Equity Loan 1996 Capital Fixed Income Growth Stock Index Fund Other Total - ---------------------------------- ---------- ------------ ---------- ---------- ---------- -------- ------- ---------- Balance, March 31, 1995 $1,440,488 $723,157 $ 987,805 $ 834,604 $1,037,714 $150,305 $5,174,073 ---------- -------- ---------- ---------- ---------- -------- ------- ---------- Additions: Employee contributions 201,568 91,658 223,600 128,585 217,877 $65,689 928,877 Employer contributions 323,139 23,510 346,649 Rollover contribution 312,706 189,964 257,368 146,804 369,024 1,275,866 Net increase in fair value of mutual funds 104,471 77,831 286,384 391,941 860,627 Net appreciation in the fair value of Nu-kote stock fund 320,622 320,622 Interest income 13,511 13,511 Deductions: Benefits paid to participants (273,823) (41,324) (185,474) (134,245) (183,373) (32,834) (851,073) Administrative expenses (8,773) (775) (1,955) 2,626 (2,618) (7,500) (18,995) Interfund transfers, net 114,071 (95,909) 27,222 (263,529) 74,556 143,589 - ---------- -------- ---------- ---------- ---------- -------- ------- ---------- Net additions (deductions) 450,220 221,445 607,145 524,002 867,407 124,266 81,599 2,876,084 ---------- -------- ---------- ---------- ---------- -------- ------- ---------- Balance, March 31, 1997 $1,890,708 $944,602 $1,594,950 $1,358,606 $1,905,121 $274,571 $81,599 $8,050,157 ---------- -------- ---------- ---------- ---------- -------- ------- ---------- ---------- -------- ---------- ---------- ---------- -------- ------- ---------- Assets: Investments at fair value: Mutual funds $1,890,708 $944,602 $1,594,950 $1,905,121 $6,335,381 Nu-kote stock funds $1,358,606 1,358,606 Participant loans $274,571 274,571 ---------- -------- ---------- ---------- ---------- -------- ---------- Total investments 1,890,708 944,602 1,594,950 1,358,606 1,905,121 274,571 7,968,558 Receivables: Employee contributions $65,589 65,589 Employer contributions 23,510 23,510 ---------- -------- ---------- ---------- ---------- -------- ------- ---------- Total assets 1,890,708 944,602 1,594,950 1,358,606 1,905,121 274,571 89,099 8,057,657 Liabilities: Administrative expenses payable 7,500 7,500 ---------- -------- ---------- ---------- ---------- -------- ------- ---------- Net assets available for benefits $1,890,708 $944,602 $1,594,950 $1,358,606 $1,905,121 $274,571 $81,599 $8,050,157 ---------- -------- ---------- ---------- ---------- -------- ------- ---------- ---------- -------- ---------- ---------- ---------- -------- ------- ----------
12 NU-KOTE INTERNATIONAL, INC. EMPLOYEES SAVINGS PLAN ITEM 27a--SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES MARCH 31, 1997 Interest Number Current Identity of Issue and Description of Investments Rate of Shares Cost Value - ------------------------------------------------ -------- --------- ----------- ----------- NationsBank Stable Capital Fund 139,063 $ 1,556,807 $ 1,763,689 NationsBank Strategic Fixed Income Fund 95,415 959,121 917,890 NationsBank Capital Growth Fund 168,064 2,086,453 1,966,352 NationsBank Equity Index Fund 148,195 1,744,775 2,354,819 Nu-kote Stock Fund 79,854 1,338,762 420,175 Participant loans 6-9% 0 302,198 ----------- ----------- $ 7,685,918 $ 7,725,123 ----------- ----------- ----------- -----------
13 NU-KOTE INTERNATIONAL, INC. EMPLOYEES SAVINGS PLAN ITEM 27d--SCHEDULE OF REPORTABLE TRANSACTIONS FOR THE YEAR ENDED MARCH 31, 1997 Number of Number of Purchase Selling Purchase Sales Current Net Gain Transactions Transactions Price Price Cost Value or Loss ------------ ------------ -------- ----- ---- ------- -------- Single transactions: NationsBank Capital Growth Fund 1 $ 460,210 $ 460,210 $ 460,210 Series of transactions: NationsBank Equity Index Fund 200 600,392 600,392 600,392 NationsBank Equity Index Fund 163 $ 487,923 446,794 $ 41,129 NationsBank Capital Growth Fund 207 1,127,648 1,127,648 1,127,648 NationsBank Capital Growth Fund 180 496,477 501,639 (5,162) NationsBank Strategic Fixed Income Fund 156 267,342 267,342 267,342 NationsBank Strategic Fixed Income Fund 140 263,278 267,046 (3,768) Nu-kote Stock Fund 146 994,728 994,728 994,728 Nu-kote Stock Fund 239 667,578 434,539 233,039 NationsBank Stable Capital Fund 177 387,652 387,652 387,652 NationsBank Stable Capital Fund 192 624,431 611,499 12,932
14 EX-2 3 EXHIBIT 2 [LETTERHEAD] CONSENT OF INDEPENDENT ACCOUNTANTS Re: Nu-kote International, Inc. Employees Savings Plan Registration Statement No. 33-69708 We consent to the incorporation by reference in the above Registration Statement on Form S-8 of our report dated September 25, 1997 to the Plan Participants and Administrator of Nu-kote International, Inc. Employee Savings Plan which is included in this Annual Report on Form 11-K. COOPERS & LYBRAND L.L.P. Dallas, Texas September 25, 1997 -----END PRIVACY-ENHANCED MESSAGE-----