-----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, ZekSNN5laE1tiZmPV8hWhHbmDm/og6gOW7H9vWKHbe9KZ7UjICDfcBDc4zRq6ZUj dq17i0D3NRFx3zWMB3P6xw== 0000950109-94-001097.txt : 19940701 0000950109-94-001097.hdr.sgml : 19940701 ACCESSION NUMBER: 0000950109-94-001097 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19931231 FILED AS OF DATE: 19940629 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ICF KAISER INTERNATIONAL INC CENTRAL INDEX KEY: 0000856200 STANDARD INDUSTRIAL CLASSIFICATION: 4955 IRS NUMBER: 541437073 STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12248 FILM NUMBER: 94536829 BUSINESS ADDRESS: STREET 1: 9300 LEE HWY CITY: FAIRFAX STATE: VA ZIP: 22031 BUSINESS PHONE: 7039343600 MAIL ADDRESS: STREET 1: 9300 LEE HWY CITY: FAIRFAX STATE: VA ZIP: 22031 FORMER COMPANY: FORMER CONFORMED NAME: ICF INTERNATIONAL INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN CAPITAL & RESEARCH CORP /DE/ DATE OF NAME CHANGE: 19910314 11-K 1 FORM 11-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. -------------------- FORM 11-K -------------------- (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED] For the fiscal year ended December 31, 1993 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] For the transition period from _____ to _____ Commission file number 1-12248 A. Full title of the plan and the address of the plan, if different from that of the issuer named below: ICF Kaiser International, Inc. Section 401(k) Plan B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: ICF Kaiser International, Inc. 9300 Lee Highway Fairfax, Virginia 22031-1207 ICF KAISER INTERNATIONAL, INC. SECTION 401(k) PLAN --------------- FINANCIAL STATEMENTS as of December 31, 1993 and 1992 and for the years then ended and report thereon ----- ICF KAISER INTERNATIONAL, INC. SECTION 401(k) PLAN Financial Statements Report of Independent Accountants 1 Statements of Net Assets Available for Plan Benefits 2-3 Statements of Changes in Net Assets Available for Plan Benefits 4-5 Notes to Financial Statements 6-10 Item 27a - Schedule of Assets Held for Investment Purposes 11 Item 27d - Schedule of Reportable Transactions 12
Report of Independent Accountants --------------------------------- ICF Kaiser International, Inc. 401(k) Plan Committee Section 401(k) Plan Fairfax, Virginia We have audited the accompanying statements of net assets available for plan benefits of the ICF Kaiser International, Inc. Section 401(k) Plan (the Plan) as of December 31, 1993 and 1992, and the related statements of changes in net assets available for plan benefits for the years then ended. 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, the financial statements referred to above present fairly, in all material respects, the net assets available for plan benefits of the Plan as of December 31, 1993 and 1992, and the changes in net assets available for plan benefits for the years then ended in conformity with generally accepted accounting principles. Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of assets held for investment purposes as of December 31, 1993 and reportable transactions 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. 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 have been subjected to the auditing procedures applied in the audit 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 Washington, D.C. May 28, 1994 1 ICF KAISER INTERNATIONAL, INC. SECTION 401(k) PLAN STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS WITH FUND INFORMATION
AS OF DECEMBER 31, 1993 PARTICIPANT DIRECTED ------------------------------------------------------------------------------------------- VANGUARD VANGUARD VANGUARD VANGUARD W. L. MORGAN INVESTMENT MONEY VANGUARD WELLINGTON GROWTH GRADE BOND MARKET INDEX 500 LOANS TO Assets: FUND FUND FUND FUND FUND PARTICIPANTS TOTAL ---- ---- ---- ---- ---- ------------ ----- Investments, at fair value Mutual funds $17,413,370 $6,143,715 $5,812,745 $17,212,226 $10,302,058 $ - $56,884,114 Loans to participants - - - - - 1,618,925 1,618,925 ----------- ---------- ---------- ----------- ----------- ---------- ----------- 17,413,370 6,143,715 5,812,745 17,212,226 10,302,058 1,618,925 58,503,039 Employee contributions, receivable 87,871 46,337 36,696 59,708 74,353 304,965 Employer contributions, receivable 8,434 4,220 3,577 5,765 7,021 - 29,017 ----------- ---------- ---------- ----------- ----------- ---------- ----------- Net assets available for plan benefits $17,509,675 $6,194,272 $5,853,018 $17,277,699 $10,383,432 $1,618,925 $58,837,021 =========== ========== ========== =========== =========== ========== ===========
The accompanying notes are an integral part of these financial statements. 2 ICF KAISER INTERNATIONAL, INC. SECTION 401(k) PLAN STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS WITH FUND INFORMATION
AS OF DECEMBER 31, 1992 PARTICIPANT DIRECTED ----------------------------------------------------------------------------------------- VANGUARD VANGUARD VANGUARD VANGUARD W. L. MORGAN INVESTMENT MONEY VANGUARD WELLINGTON GROWTH GRADE BOND MARKET INDEX 500 LOANS TO Assets: FUND FUND FUND FUND FUND PARTICIPANTS TOTAL ---- ---- ---- ---- ---- ------------ ----- Investments, at fair value Mutual funds $13,333,097 $5,339,085 $5,059,440 $18,585,394 $8,692,867 $ - $51,009,883 Loans to participants - - - - - 1,349,698 1,349,698 ----------- ---------- ---------- ----------- ---------- ---------- ----------- 13,333,097 5,339,085 5,059,440 18,585,394 8,692,867 1,349,698 52,359,581 Employee contributions receivable 69,790 34,658 25,931 76,480 58,843 - 265,702 ----------- ---------- ---------- ----------- ---------- ---------- ----------- Net assets available for plan benefits $13,402,887 $5,373,743 $5,085,371 $18,661,874 $8,751,710 $1,349,698 $52,625,283 =========== ========== ========== =========== ========== ========== ===========
The accompanying notes are an integral part of these financial statements. 3 ICF KAISER INTERNATIONAL, INC. SECTION 401(k) PLAN STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS WITH FUND INFORMATION
FOR THE YEAR ENDED DECEMBER 31, 1993 PARTICIPANT DIRECTED --------------------------------------------------------------------------------------------- VANGUARD VANGUARD VANGUARD VANGUARD W. L. MORGAN INVESTMENT MONEY VANGUARD WELLINGTON GROWTH GRADE BOND MARKET INDEX 500 LOANS TO FUND FUND FUND FUND FUND PARTICIPANTS TOTAL Additions: ---- ---- ---- ---- ---- ------------ ----- Employee contributions $ 2,181,326 $1,140,378 $ 912,972 $ 1,730,948 $ 1,888,025 $ - $ 7,853,649 Employer contributions 222,946 93,756 79,130 185,355 157,093 - 738,280 Assets transferred from other plans 219,589 86,135 48,752 94,714 158,252 - 607,442 Net appreciation/(depreciation) in fair value of investments 917,249 (292,645) 196,253 - 641,143 - 1,462,000 Investment income: Interest - - - 531,351 - 94,414 625,765 Dividends 1,033,306 695,593 533,507 - 263,199 - 2,525,605 ----------- ---------- ---------- ----------- ----------- ---------- ----------- Total additions 4,574,416 1,723,217 1,770,614 2,542,368 3,107,712 94,414 13,812,741 ----------- ---------- ---------- ----------- ----------- ---------- ----------- Deductions: Withdrawals 1,718,797 809,691 603,451 2,814,638 1,530,429 61,050 7,538,056 Trust management fees 15,222 8,067 6,647 20,050 12,961 - 62,947 ----------- ---------- ---------- ----------- ----------- ---------- ----------- Total deductions 1,734,019 817,758 610,098 2,834,688 1,543,390 61,050 7,601,003 ----------- ---------- ---------- ----------- ----------- ---------- ----------- Net assets transferred between 1,266,391 (84,930) (392,869) (1,091,855) 67,400 235,863 - funds ----------- ---------- ---------- ----------- ----------- ---------- ----------- Net increase/(decrease) 4,106,788 820,529 767,647 (1,384,175) 1,631,722 269,227 6,211,738 Net assets available for plan benefits at beginning of year 13,402,887 5,373,743 5,085,371 18,661,874 8,751,710 1,349,698 52,625,283 ----------- ---------- ---------- ----------- ----------- ---------- ----------- Net assets available for plan benefits at end of year $17,509,675 $6,194,272 $5,853,018 $17,277,699 $10,383,432 $1,618,925 $58,837,021 =========== ========== ========== =========== =========== ========== ===========
The accompanying notes are an integral part of these financial Statements. 4 ICF KAISER INTERNATIONAL, INC. SECTION 401(k) PLAN STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS WITH FUND INFORMATION
FOR THE YEAR ENDED DECEMBER 31, 1992 PARTICIPANT DIRECTED ---------------------------------------------------------------------------------------------- VANGUARD VANGUARD VANGUARD VANGUARD W. L. INVESTMENT MONEY VANGUARD GUARANTEED WELLINGTON MORGAN GRADE BOND MARKET INDEX 500 INVESTMENT LOANS TO FUND GROWTH FUND FUND FUND CONTRACT PARTICIPANTS TOTAL Additions: ---- FUND ---- ---- ---- -------- ------------ ----- ---- Employee contributions $ 1,974,687 $ 961,499 $ 763,109 $ 2,226,611 $1,548,922 $ - $ - $ 7,474,828 Assets transferred from other 1,029,023 603,993 584,737 1,721,930 1,091,519 111,643 5,142,845 plans Net appreciation/(depreciation) in fair value of investments 234,343 160,186 (411) - 360,663 - - 754,781 Investment income: Interest - - - 691,327 - 180,432 85,190 956,949 Dividends 697,779 277,922 393,893 - 236,530 - - 1,606,124 ----------- ---------- ---------- ----------- ---------- ----------- ---------- ----------- Total additions 3,935,832 2,003,600 1,741,328 4,639,868 3,237,634 180,432 196,833 15,935,527 ----------- ---------- ---------- ----------- ---------- ----------- ---------- ----------- Deductions: Withdrawals 1,282,753 512,612 618,362 2,851,977 761,985 304,623 115,159 6,447,471 Trust management fees 14,013 7,366 5,869 24,010 11,630 1,256 - 64,144 ----------- ---------- ---------- ----------- ---------- ----------- ---------- ----------- Total deductions 1,296,766 519,978 624,231 2,875,987 773,615 305,879 115,159 6,511,615 ----------- ---------- ---------- ----------- ---------- ----------- ---------- ----------- Net assets transferred between 845,260 271,486 709,929 1,219,518 711,221 (4,069,434) 312,020 - funds ----------- ---------- ---------- ----------- ---------- ----------- ---------- ----------- Net increase/(decrease) 3,484,326 1,755,108 1,827,026 2,983,399 3,175,240 (4,194,881) 393,694 9,423,912 Net assets available for plan benefits at beginning of year 9,918,561 3,618,635 3,258,345 15,678,475 5,576,470 4,194,881 956,004 43,201,371 ----------- ---------- ---------- ----------- ---------- ----------- ---------- ---------- Net assets available for plan benefits at end of year $13,402,887 $5,373,743 $5,085,371 $18,661,874 $8,751,710 $ - $1,349,698 $52,625,283 =========== ========== ========== =========== ========== =========== ========== ===========
The accompanying notes are an integral part of these financial statements. 5 ICF KAISER INTERNATIONAL, INC. SECTION 401(k) PLAN NOTES TO FINANCIAL STATEMENTS NOTE A--DESCRIPTION OF THE PLAN The following description of the ICF Kaiser International, Inc. Section 401(k) Plan (the Plan) provides only general information. Participants should refer to the Plan agreement for more detailed information. The Plan was established effective March 1, 1989 in accordance with section 401(k) of the Internal Revenue Code. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA) and is administered by an administrator appointed by ICF Kaiser International, Inc. (the Company). On June 26, 1993, the Company changed its name to ICF Kaiser International, Inc. On the same date, the Company changed the Plan name to ICF Kaiser International, Inc. Section 401(k) Plan and restated the Plan to include two amendments as follows: 1) the Plan was amended to include an employer contribution match of 20 percent up to a four percent maximum of the employees compensation, and 2) the Plan's maximum contribution allowable was amended so that it may be changed at the discretion of the committee. The Plan is a voluntary, defined contribution plan that allows eligible employees to contribute up to 12% of their compensation up to a statutory limit. Employee contributions are deposited with the Vanguard Fiduciary Trust Company, as trustee, where they are accumulated and invested on behalf of the Plan at the discretion of the employee. Within guidelines established by the Plan, participants may elect to direct their accounts into several alternative investment funds. As of December 31, 1993, the Plan had five eligible investment funds: Vanguard Wellington Fund - ------------------------ This fund follows a diversified and balanced program of investing in bonds and common stocks to conserve principal and provide reasonable income without undue risk. Vanguard W. L. Morgan Growth Fund - --------------------------------- This fund seeks long-term growth of capital by investing in a portfolio of common stocks. Vanguard Investment Grade Bond Fund - ----------------------------------- This fund seeks to provide a high level of current income, consistent with maintenance of principal and liquidity, by investing in a diversified portfolio of long-term, investment-grade bonds. Vanguard Money Market Fund - -------------------------- This fund invests in high-quality money market instruments that mature in one year or less. The objectives of the fund are maximum current income, preservation of capital, and liquidity. Vanguard Index 500 Fund - ----------------------- This fund attempts to provide investment results that correspond to the price and yield performance of publicly traded stocks, in the aggregate, as represented by the Standard & Poor's 500 Composite Stock Price Index. 6 ICF KAISER INTERNATIONAL, INC. SECTION 401(k) PLAN NOTES TO FINANCIAL STATEMENTS (Continued) NOTE A--DESCRIPTION OF THE PLAN (Continued) In 1992, the Company registered 2.5 million shares of its common stock, par value $0.01 per share, and a number of Plan interests with the Securities and Exchange Commission in order to establish a Company common stock investment option. As of December 31, 1993, this option was not available to participants. Effective April 28, 1994, a sixth participant-directed investment option, the ICF Kaiser International, Inc. Common Stock Fund (The ICF Kaiser Stock Fund), was added to the Plan. The ICF Kaiser Stock Fund will be invested primarily in ICF Kaiser common stock, but will be divided into fund units rather than shares of stock. Each fund unit will be valued at $10.00 per unit. There were 2,995 participants in the Plan as of December 31, 1993. The number of participants investing in each of the investment options as of December 31, 1993 was as follows: Vanguard Wellington Fund 1,890 Vanguard W. L. Morgan Growth Fund 1,287 Vanguard Investment Grade Bond Fund 1,201 Vanguard Money Market Fund 1,728 Vanguard Index 500 Fund 1,724
Employee contributions and the Company match are fully vested upon initial participation and nonforfeitable upon receipt by the Plan. Income, expenses, and gains or losses (realized and unrealized) of Plan investments are allocated among participants based upon their respective account balances. Participants may borrow up to half of their account balance within guidelines established by a loan committee of the Company. Loans accrue interest at the prime rate as determined at the time of issuance. Loans are repaid through payroll deductions on a bi-weekly basis over terms ranging from 1 to 10 years. At December 31, 1993, there were 288 participants with outstanding loan balances. Upon termination, a participant may elect to receive their account balance in a lump-sum distribution or delay withdrawal until a future date. NOTE B--ACCOUNTING POLICIES The Plan follows the accrual method of accounting for financial reporting purposes. The financial statements are prepared in accordance with generally accepted accounting principles. Investments are valued for financial statement purposes at fair value. The values for the Vanguard Funds are based on the quoted net asset value (redemption value) of the respective investment fund as of the Plan year end. Security transactions are accounted for on the date securities are purchased or sold (trade date). Dividend income is recorded on the ex-dividend date. Interest income is recognized when earned. 7 ICF KAISER INTERNATIONAL, INC. SECTION 401(k) PLAN NOTES TO FINANCIAL STATEMENTS NOTE B--ACCOUNTING POLICIES (Continued) The Plan has invested in the investment options directed by its participants. The Plan has not experienced any net losses on its investments. Employees who have retired upon either reaching the normal retirement date (age 65) or a deferred retirement date, or who have terminated employment with the Company may elect to withdraw the entire amount of their contribution account. Benefits are recorded when paid. Benefits due to former employees who have not yet received the balance of their accounts and who have elected to withdraw from the Plan totalled $885,966 and $911,385 at December 31, 1993 and 1992, respectively. Administrative expenses of the Plan are paid by the participants and are deducted from participants' accounts based on a flat quarterly fee. Additionally, the Company provides certain administrative support to the Plan at no cost to the Plan. Certain 1992 financial statement amounts have been reclassified to conform to the 1993 presentation. NOTE C--FEDERAL INCOME TAXES In March 1992, the Internal Revenue Service ruled that the Plan qualifies under Section 401(a) of the Internal Revenue Code. The Plan has been amended since receiving this determination letter. However, the Plan Administrators and the Plan's tax counsel believe that the plan is currently designed and being operated in compliance with the applicable requirements of the Internal Revenue Code. Therefore, they believe earnings on contributions to the Plan are not subject to tax under present income tax laws and employee contributions to the Plan are not subject to Federal income tax to the employee until distribution from the Plan. NOTE D--INVESTMENTS Investments of the Plan are maintained by the Vanguard Fiduciary Trust Company. The following table sets forth the fair value and cost of pooled fund investments.
December 31, 1993 --------------------------------------------------- Number of Shares or Principal Value per Historical Fair Market Amount Share Cost Value -------------- --------- ----------- ----------- Pooled Funds: Vanguard Wellington 853,596 shares $20.40 $15,680,763 $17,413,370 Vanguard W.L. Morgan 511,549 shares $12.01 6,226,809 6,143,715 Growth Vanguard Investment 630,449 shares $ 9.22 5,526,214 5,812,745 Grade Bond Vanguard Money Market 17,212,226 shares $ 1.00 17,212,226 17,212,226 Vanguard Index 500 235,045 shares $43.83 8,963,168 10,302,058 Loans to Participants $1,618,925 1,618,925 1,618,925 ----------- ----------- Total Investments $55,228,105 $58,503,039 =========== ===========
8 ICF KAISER INTERNATIONAL, INC. SECTION 401(k) PLAN NOTES TO FINANCIAL STATEMENTS NOTE D--INVESTMENTS (Continued)
December 31, 1992 --------------------------------------------------- Number of Shares or Principal Value per Historical Fair Market Amount Share Cost Value -------------- --------- ----------- ----------- Pooled Funds: Vanguard Wellington 695,882 shares $19.16 $12,289,438 $13,333,097 Vanguard W.L. Morgan 422,062 shares $12.65 5,047,816 5,339,085 Growth Vanguard Investment 571,043 shares $ 8.86 4,847,209 5,059,440 Grade Bond Vanguard Money Market 18,585,394 shares $ 1.00 18,585,394 18,585,394 Vanguard Index 500 212,176 shares $40.97 7,669,523 8,692,867 Loans to Participants $1,349,698 1,349,698 1,349,698 ----------- ----------- Total Investments $49,789,078 $52,359,581 =========== ===========
NOTE E--ASSETS TRANSFERRED The amount of assets transferred from other plans represents the integration of a plans sponsored by an entity owned by ICF Kaiser International, Inc. and rollovers for new employees from other employer qualified plans. The total of assets transferred from plans of entities owned by ICF Kaiser International, Inc. during the years ended December 31, 1993 and 1992 were $0 and $4,299,059, respectively. Assets transferred from other employer qualified plans totalled $607,442 and $843,786 for the years ended December 31, 1993 and 1992, respectively. NOTE F -- CONCENTRATION OF CREDIT RISK Financial instruments which potentially subject the Plan to concentrations of credit risk consist primarily of investments. The Plan has invested wholly in Vanguard investment funds. Each of the Vanguard Funds is registered under the Investment Act of 1940 as a diversified open-end investment company. Certain funds invest in corporate debt instruments. The issuers' abilities to meet these obligations may be affected by economic developments in their respective industries. The Plan has no formal policy regarding collateral to support the financial instruments subject to credit risk. 9 ICF KAISER INTERNATIONAL, INC. SECTION 401(k) PLAN NOTES TO FINANCIAL STATEMENTS NOTE G--RECONCILIATION TO FORM 5500 The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500 as of December 31:
1993 1992 ------------ ------------ Net assets available for benefits per the $58,837,021 $52,625,283 financial statements Amounts allocated to withdrawing participants (885,966) (911,385) ----------- ----------- Net assets available for benefits per the Form 5500 $57,951,055 $51,713,898 =========== ===========
The following is a reconciliation of benefits paid to participants per the financial statements to the Form 5500 for the years ended December 31, 1993:
1993 1992 ----------- -------------- Withdrawals per the financial statements $7,538,056 $6,447,471 Add: Amounts allocated to withdrawing 885,966 911,385 participants at end of year Less: Amounts allocated to withdrawing (911,385) ( 0) participants at beginning of year ---------- ---------- Benefits paid to participants per Form 5500 $7,512,637 $7,358,856 ========== ==========
10 ICF KAISER INTERNATIONAL, INC. SECTION 401(k) PLAN ITEM 27a SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES December 31, 1993
Number of Shares Identity of Issue or Principal Amount Cost Current Value - ----------------- ------------------- ---- ------------- Pooled Funds: Vanguard Wellington 853,596 shares $15,680,763 $17,413,370 Vanguard W. L. Morgan Growth 511,549 shares 6,226,809 6,143,715 Vanguard Investment Grade Bond 630,449 shares 5,526,214 5,812,745 Vanguard Money Market 17,212,226 shares 17,212,226 17,212,226 Vanguard Index 500 235,045 shares 8,963,168 10,302,058 Loans to Participants Fully amortizing, bearing interest ranging from 6% to 9% and maturing at various dates through December, 2002 $ 1,618,925 1,618,925 1,618,925 ------------ ----------- Total Investments $55,228,105 $58,503,039 =========== ============
11 ICF KAISER INTERNATIONAL, INC. SECTION 401(k) PLAN ITEM 27d SCHEDULE OF REPORTABLE TRANSACTIONS for the year ended December 31, 1993 Plan assets at January 1, 1993 -- $52,625,283 5% -- $2,631,264 I. Single transactions in excess of 5%: None. II. Series of transactions with respect to any pension other than securities in excess of 5%: None. III. Series of transactions with respect to securities of the same issue in excess of 5%:
========================================================================================================== Net Proceeds No. Net Market Cost of No. of from of Historical Value Identity of Issue Purchases Purchases Sales Sales Gain Gain - ---------------------------------------------------------------------------------------------------------- Vanguard Wellington Fund $ 5,584,549 187 $ 2,421,524 134 $228,294 $119,203 Vanguard/W.L. Morgan Growth Fund 2,787,596 154 1,690,320 130 81,708 14,069 Vanguard Investment Grade Bond Fund 2,299,663 193 1,742,612 129 121,951 73,871 Vanguard Money Market Fund 5,230,276 216 6,603,445 186 0 0 Vanguard Index 500 Fund 4,165,213 189 3,197,166 148 325,584 100,441 - ---------------------------------------------------------------------------------------------------------- Totals $20,067,297 $15,655,067 $757,537 $307,584 ==========================================================================================================
IV. Transactions with respect to securities with a person if any prior or subsequent transaction with such person exceeded 5%: None. 12 SIGNATURES The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. ICF Kaiser International, Inc. Section 401(k) Plan Date: June 29, 1994 /s/ Michael K. Goldman ---------------------------------------------- Michael K. Goldman Plan Administrator - 13 - INDEX Exhibit Description of Exhibit Page - ------- ---------------------- ---- Exhibit No. 23 -- Consent of Coopers & Lybrand (the Plan's Independent Accountants)............ 15 Exhibit No. 99 -- ICF Kaiser International, Inc. Section 401(k) Plan (as amended and restated as of March 1, 1993) (and further amended with respect to name change only as of June 26, 1993) (Incorporated by reference to Exhibit No. 10(f) to Quarterly Report on Form 10-Q (Registrant No. 1-12248) for the second quarter of fiscal 1994 filed with the Commission on October 15, 1993) - 14 - EX-23 2 EXHIBIT 23 Exhibit No. 23 CONSENT OF INDEPENDENT ACCOUNTANTS We consent to the incorporation by reference in the registration statement of ICF Kaiser International, Inc. on Form S-8 (Registration No. 33-51460), of our report dated May 28, 1994, on our audits of the financial statements of the ICF Kaiser International, Inc. Section 401(k) Plan as of December 31, 1993 and 1992, and for the years then ended, and the related supplemental schedules as of and for the year ended December 31, 1993, which report is included in the Plan's Annual Report on Form 11-K. Coopers & Lybrand -----END PRIVACY-ENHANCED MESSAGE-----