-----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, SmXJQBtTADQo7CNUCXk56pRwugLL+TsbzNhZCIydpRATRQZhGZI357OaRLj5E5vu e27wkv+aS7BXUMyVAWyfiw== 0000950152-02-007435.txt : 20021003 0000950152-02-007435.hdr.sgml : 20021003 20021003172317 ACCESSION NUMBER: 0000950152-02-007435 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20021001 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021003 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CARBIDE GRAPHITE GROUP INC /DE/ CENTRAL INDEX KEY: 0000888918 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] IRS NUMBER: 251575609 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15055 FILM NUMBER: 02781358 BUSINESS ADDRESS: STREET 1: ONE GATEWAY CTR STREET 2: 19TH FL CITY: PITTSBURGH STATE: PA ZIP: 15222 BUSINESS PHONE: 4125623700 MAIL ADDRESS: STREET 1: ONE GATEWAY CTR STREET 2: 19TH FL CITY: PITTSBURGH STATE: PA ZIP: 15222 8-K 1 j9654801e8vk.txt FORM 8-K =============================================================================== UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------ FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported) October 1, 2002 Commission file number: 0-20490 THE CARBIDE/GRAPHITE GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 57-1575609 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) One Gateway Center, 19th Floor Pittsburgh, PA 15222 (Address of principal executive offices) (412) 562-3700 (Registrant's telephone number, including area code) None - -------------------------------------------------------------------------------- (former name or former address, if changed since last year) ITEMS 1, 2, 3, 4, 6, 8 AND 9 Not applicable. ITEM 5. OTHER EVENTS 1. On October 1, 2002, the Registrant issued a press release announcing that (i) it has signed a definitive purchase agreement with The Graphite Group, LLC for the purchase of combined assets associated with the Registrant's electrode and graphite specialty business and Seadrift L.P. Needle Coke units, and (ii) the terms of the Section 363 asset sale were filed with the United States Bankruptcy Court for the Western District of Pennsylvania (the "Bankruptcy Court") on September 20, 2002. A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated herein by reference. 2. On October 1, 2002, the Registrant issued a press release announcing that (i) it has signed a definitive purchase agreement with Carbide Acquisition LLC for the purchase of assets associated with the Registrant's carbide products business unit, and (ii) the terms of the Section 363 asset sale were filed with the Bankruptcy Court on September 20, 2002. A copy of the press release is attached as Exhibit 99.2 to this report and is incorporated herein by reference. 3. As previously disclosed under cover of a Current Report on Form 8-K, the Registrant and its subsidiaries filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court on September 21, 2001 in order to allow for an orderly consummation of the Registrant's proposed comprehensive financial restructuring. The Registrant is required to file Monthly Operating Reports with the Bankruptcy Court and the Office of the United States Trustee for the Western District of Pennsylvania (the "U.S. Trustee") pursuant to the U.S. Trustee's Operating Guidelines and Financial Reporting Requirements for Chapter 11 cases. In connection therewith, attached hereto as Exhibit 99.3 is the Monthly Operating Report (the "Report") that the Registrant has filed with the Bankruptcy Court and the U.S. Trustee for the period from August 1, 2002 through August 31, 2002. Certain attachments and exhibits referenced in the Report are not attached as part of Exhibit 99.3, but are available at the Office of the U.S. Trustee and the Bankruptcy Court. In addition, the Registrant agrees that it will furnish a copy of any such omitted attachment or exhibit to the Commission upon request. The Registrant cautions readers not to place undue reliance upon the information contained in the Report, which contains unaudited information, and is in a format, prescribed by the applicable bankruptcy laws. There can be no assurance that the Report is complete. The Report also contains information for periods which may be shorter or otherwise different from those contained in the Registrant's reports pursuant to the Securities Exchange Act of 1934, as amended. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (A) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED Not Applicable (B) PRO FORMA FINANCIAL INFORMATION Not Applicable (C) EXHIBIT NO. 99.1 Press Release Dated October 1, 2002 re: Graphite Group LLC 99.2 Press Release Dated October 1, 2002 re: Carbide Acquisition LLC 99.3 Monthly Operating Report to the U.S. Trustee and the Bankruptcy Court for the period from August 1, 2002 to August 31, 2002 - 2 - SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. THE CARBIDE/GRAPHITE GROUP, INC. By: /s/ Walter B. Fowler ------------------------------ Walter B. Fowler - Chief Executive Officer Dated: October 3, 2002 - 3 - EXHIBIT INDEX EXHIBIT NO. DESCRIPTION ------- ----------- 99.1 Press Release Dated October 1, 2002 re: Graphite Group LLC 99.2 Press Release Dated October 1, 2002 re: Carbide Acquisition LLC 99.3 Monthly Operating Report to the U.S. Trustee and the Bankruptcy Court for the period from August 1, 2002 to August 31, 2002 - 4 - EX-99.1 3 j9654801exv99w1.txt PRESS RELEASE Exhibit 99.1 ab NEWS RELEASE THE CARBIDE/GRAPHITE GROUP, INC. HTTP://WWW.CGGI.COM One Gateway Center, 19th Floor Pittsburgh, PA 15222-1416 412-562-3700 FOR IMMEDIATE RELEASE THE CARBIDE/GRAPHITE GROUP, INC. ENTERS INTO A DEFINITIVE PURCHASE AGREEMENT WITH AN INVESTOR GROUP FOR THE ASSETS ASSOCIATED WITH C/G'S ELECTRODE AND GRAPHITE SPECIALTY BUSINESS UNIT AND WITH C/G'S SEADRIFT L.P. NEEDLE COKE UNIT PITTSBURGH, PENNSYLVANIA - OCTOBER 1, 2002 - THE CARBIDE/GRAPHITE GROUP, INC. ("C/G") ANNOUNCED THAT AS A PART OF ITS EFFORTS TO EMERGE FROM CHAPTER 11 BANKRUPTCY, IT HAS SIGNED A DEFINITIVE PURCHASE AGREEMENT WITH A GROUP OF PRIVATE INVESTORS (THE GRAPHITE GROUP, LLC) FOR THE COMBINED ASSETS ASSOCIATED WITH C/G'S ELECTRODE AND GRAPHITE SPECIALTY BUSINESS AND C/G'S SEADRIFT L.P. NEEDLE COKE UNIT. THE TERMS OF THIS SECTION 363 ASSET SALE WERE FILED WITH THE WESTERN DISTRICT OF PENNSYLVANIA BANKRUPTCY COURT ON SEPTEMBER 20, 2002. THE GRAPHITE GROUP, LLC COMPRISES A GROUP OF PRIVATE INVESTORS, INCLUDING TWO FORMER MEMBERS OF C/G'S BOARD OF DIRECTORS; IRONWOOD PARTNERS, LLC, A NEW YORK CITY-BASED INVESTMENT FUND; AND HICKORY ACQUISITIONS, AN INVESTOR GROUP WITH SUBSTANTIAL MANAGEMENT EXPERIENCE IN THE PETRO-CHEMICAL INDUSTRY. THE GRAPHITE GROUP, LLP WILL CONTINUE TO OPERATE THE ELECTRODE OPERATIONS IN ST. MARYS, PA AND NIAGARA FALLS, NY, AND THE NEEDLE COKE OPERATION IN SEADRIFT, TX. THE TRANSACTION IS EXPECTED TO CLOSE BY NOVEMBER 15, 2002. WALTER FOWLER, C/G'S CEO, COMMENTED, "WE ARE PLEASED TO HAVE THE PURCHASE OFFER FROM THE GRAPHITE GROUP, LLC FOR C/G'S ELECTRODE AND NEEDLE COKE OPERATIONS. THIS OFFER SIGNIFICANTLY FURTHERS OUR EFFORTS TO HAVE ALL THE OPERATING ASSETS OF C/G EMERGE FROM BANKRUPTCY AT THE EARLIEST POSSIBLE DATE." CONSUMMATION OF TRANSACTION IS SUBJECT TO AN AUCTION TO BE CONDUCTED BY THE BANKRUPTCY COURT ON OCTOBER 16, 2002. Note: This release contains forward-looking statements that are based on current expectations, estimates and projections about the industries in which the Company operates, management's beliefs and assumptions made by management. Words such as "expects," "anticipates," "intends," "plans," "believes," "estimates" and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and are subject to the safe harbor created thereby. These statements are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that such statements will prove to be accurate. Other risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. #### EX-99.2 4 j9654801exv99w2.txt PRESS RELEASE Exhibit 99.2 ab NEWS RELEASE THE CARBIDE/GRAPHITE GROUP, INC. HTTP://WWW.CGGI.COM One Gateway Center, 19th Floor Pittsburgh, PA 15222-1416 412-562-3700 FOR IMMEDIATE RELEASE THE CARBIDE/GRAPHITE GROUP, INC. ENTERS INTO A DEFINITIVE PURCHASE AGREEMENT WITH CARBIDE ACQUISITION LLC FOR THE ASSETS ASSOCIATED WITH C/G'S CARBIDE PRODUCTS BUSINESS UNIT PITTSBURGH, PENNSYLVANIA - OCTOBER 1, 2002 - THE CARBIDE/GRAPHITE GROUP, INC. ("C/G") TODAY ANNOUNCED THAT AS PART OF ITS EFFORTS TO EMERGE FROM CHAPTER 11 BANKRUPTCY, IT HAS SIGNED A DEFINITIVE PURCHASE AGREEMENT WITH CARBIDE ACQUISITION LLC FOR THE ASSETS ASSOCIATED WITH C/G'S CARBIDE PRODUCTS BUSINESS UNIT. THE TERMS OF THE SECTION 363 ASSET SALE WERE FILED WITH THE WESTERN DISTRICT OF PENNSYLVANIA BANKRUPTCY COURT ON SEPTEMBER 20, 2002. CARBIDE ACQUISITION LLC WAS FORMED BETWEEN JP INDUSTRIES, INC., A PRIVATE INVESTMENT COMPANY HEADQUARTERED IN CLEVELAND, OHIO, AND CARBIDE PRODUCTS MANAGEMENT. THE NEW ENTITY WILL CONTINUE TO OPERATE THE CARBIDE PRODUCTS BUSINESS IN LOUISVILLE AND CALVERT CITY, KY. WALTER FOWLER, C/G'S CEO, COMMENTED, "THE SALE OF OUR CARBIDE BUSINESS TO JP IS AN IMPORTANT STEP TO ENSURE UNINTERRUPTED PRODUCT SUPPLY TO OUR CUSTOMERS. THE NEW COMPANY WILL CONTINUE OPERATIONS IN LOUISVILLE AND CALVERT CITY UNDER THE DIRECTION OF THE EXISTING, EXPERIENCED MANAGEMENT TEAM. THIS TRANSACTION IS AN IMPORTANT FURTHER STEP TO BRINGING ALL OF THE ASSETS OF C/G OUT OF BANKRUPTCY." CONSUMMATION OF TRANSACTION IS SUBJECT TO AN AUCTION TO BE CONDUCTED BY THE BANKRUPTCY COURT ON OCTOBER 16, 2002. Note: This release contains forward-looking statements that are based on current expectations, estimates and projections about the industries in which the Company operates, management's beliefs and assumptions made by management. Words such as "expects," "anticipates," "intends," "plans," "believes," "estimates" and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and are subject to the safe harbor created thereby. These statements are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that such statements will prove to be accurate. Other risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. ### EX-99.3 5 j9654801exv99w3.txt MONTHLY OPERATING REPORT Exhibit 99.3 UNITED STATES BANKRUPTCY COURT WESTERN DISTRICT OF PENNSYLVANIA In re: Carbide Graphite Group, Inc., et al. Debtors Case Numbers: 01-0029744 through 01-00297448 MBM Reporting Period: August 1 to August 31, 2002 MONTHLY OPERATING REPORT
- -------------------------------------------------------------------------------------------------------------------------------- DOCUMENT EXPLANATION REQUIRED DOCUMENTS FORM NO. ATTACHED ATTACHED - -------------------------------------------------------------------------------------------------------------------------------- Schedule of Cash Receipts and Disbursements MOR-1 X - -------------------------------------------------------------------------------------------------------------------------------- Bank Reconciliation (or copies of debtor's bank reconciliation) MOR-1 (CON'T) X - -------------------------------------------------------------------------------------------------------------------------------- Copies of bank statements X - -------------------------------------------------------------------------------------------------------------------------------- Cash disbursements journal X - -------------------------------------------------------------------------------------------------------------------------------- Statement of Operations MOR-2 X - -------------------------------------------------------------------------------------------------------------------------------- Balance Sheet MOR-3 X - -------------------------------------------------------------------------------------------------------------------------------- Status of Postpetition Taxes MOR-4 X - -------------------------------------------------------------------------------------------------------------------------------- Copies of IRS Form 6123 or payment receipt X - -------------------------------------------------------------------------------------------------------------------------------- Copies of tax returns filed during reporting period X - -------------------------------------------------------------------------------------------------------------------------------- Summary of Unpaid Postpetition Debts MOR-5 X - -------------------------------------------------------------------------------------------------------------------------------- Listing of aged accounts payable X - -------------------------------------------------------------------------------------------------------------------------------- Accounts Receivable Reconciliation and Aging MOR-5 X - -------------------------------------------------------------------------------------------------------------------------------- Debtor Questionnaire MOR-6 X - --------------------------------------------------------------------------------------------------------------------------------
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief. /s/ Jeff Jones 03-Oct-02 - --------------------------------------- -------------------- Signature of Debtor Date Jeff Jones VP and Chief Financial Officer - --------------------------------------- ------------------------------ Printed Name of Debtor Title CARBIDE/GRAPHITE GROUP, INC. MOR-1 A schedule of cash receipts and disbursements was completed and is available by request Bank reconciliations were performed and are available by request Bank statements are available by request The cash disbursements by legal entity are listed below DISBURSEMENTS BY LEGAL ENTITY AUGUST-02 - ---------------------------------------------------- --------------- LEGAL ENTITY The Carbide/Graphite Group, Inc. $ 10,665,566 Seadrift Coke, L.P. $ 2,745,379 Carbon/Graphite International, Inc. (FSC) < $15,000 CG Specialty Products Management Corporation < $15,000 Carbide/Graphite Management Corporation < $15,000 CARBIDE/GRAPHITE GROUP, INC. MOR-2 CONSOLIDATED STATEMENT OF OPERATIONS FOR THE MONTH ENDED AUGUST 31, 2002 (#'S IN '000S) Sales $ 10,485 Cost of goods sold 11,006 ------------ Gross profit (521) SG&A 727 ------------ Operating income before items below (1,248) Other compensation - Other (income) expense, net (3,943) ------------ Operating income/(loss) 2,695 Non-operating expenses (income): Special financing costs - Interest expense 917 Other non-operating (income)/expense - ------------ Income/(loss) before income taxes 1,778 Provision for income taxes 9 ------------ Net income (loss) from continuing operations 1,769 Extraordinary loss on early extinguishment of debt net of tax benefit - ------------ Net income (loss) $ 1,769 ============ Est. earnings per share data: Income excluding other items $ (0.10) Income before discontinued operations $ 0.21 Extraordinary loss $ - ------------ Net income per share $ 0.21 Weighted average shares 8,331,342 CARBIDE/GRAPHITE GROUP, INC. MOR-3 CONSOLIDATED BALANCE SHEET AS AT AUGUST 31, 2002 (#'S IN '000S) ASSETS Current assets: Cash & short term investments $ 970 Marketable securities 0 Accounts receivable Accounts receivable 26,866 Allowance for doubtful accts (3,500) ----------- Net accounts receivable 23,366 Inventory Gross inventory 61,487 Obsolescence reserve (671) Lifo reserve (14,608) ----------- Net inventory 46,208 Prepaid expenses 2,633 Other current assets 7,619 Deferred tax asset 0 ----------- Total current assets 80,796 Fixed assets: Gross 351,036 Accumulated depreciation (244,571) ----------- Net fixed assets 106,465 Other assets 6,276 ----------- TOTAL ASSETS $193,537 =========== LIABILITIES Current liabilities: 25,012 Trade accounts payable $0 Overdrafts 39,068 Other current liabilities 132,585 Debt - Current 196,665 ----------- Total current liabilities (3,128) Long-term debt: Senior notes 0 Line of credit 0 ----------- Total long -term debt 0 Long term reserves 15,589 Deferred revenue 1,058 Deferred tax provision 0 ----------- TOTAL LIABILITIES 213,312 SHAREHOLDERS' EQUITY Common stock 99 Additional paid in capital 36,712 Treasury stock, at cost (11,207) Common stock to be issued under warrants 3,424 Unfunded pension obligation (4,893) Other comprehensive income 0 Retained earnings (43,910) ----------- TOTAL SHAREHOLDERS' EQUITY (19,775) ----------- TOTAL LIABILITIES AND S.H. EQUITY $193,537 =========== THE CARBIDE/GRAPHITE GROUP INC. DEBTOR CASE # 01-29744-MBM STATUS OF POSTPETITION TAXES REPORT PERIOD - AUGUST 2002
Beginning Amount Ending Tax Withheld or Amount Date Check No. Tax Liability Accrued Paid Paid or EFT Liability -------------------------------------------------------------------------------------------------- FEDERAL Withholding 0.00 362,985.85 37,479.91 7/9/2002 ** 0.00 69,416.75 7/12/2002 ** 94,117.23 7/16/2002 ** 68,841.11 7/23/2002 ** 93,130.85 7/26/2002 ** 0.00 FICA - Employee 0.00 196,761.33 21,385.77 37446 ** (0.01) 39,795.78 7/12/2002 ** 49,205.29 7/16/2002 ** 38,487.68 7/23/2002 ** 47,886.82 7/26/2002 ** 0.00 FICA - Employer 0.00 197,798.03 21,878.70 7/9/2002 ** 0.00 39,906.01 37449 ** 49,426.73 7/16/2002 ** 38,635.49 7/23/2002 ** 47,951.10 7/26/2002 ** 0.00 Unemployment 343.46 87.22 0.00 430.68 Income 0.00 0.00 0.00 Other: Total Federal Taxes 343.46 757,632.43 757,545.22 430.67 State and Local Withholding 271.05 98,023.38 97,751.70 See Attached 542.73 (1) SALES 0.00 13,066.72 5,998.92 37486 307458 0.00 - ----- 7,067.80 37487 78301/95895 Excise 0.00 0.00 0.00 0.00 Unemployment 4,383.07 1,040.39 0 See Attached 5,423.46 (2) Real Property 0.00 0.00 Personal Property 0.00 0.00 Other: Total State and Local Taxes 4,654.12 112,130.49 110,818.42 5,966.19 Total Taxes 4,997.58 869,762.92 868,363.64 6,396.86
** ADP Statement of Deposits Attached (1) SIT Due MISS 542.73 (2) SUI Due KY 1388.04 NY 863.93 NC 0 PA 3,171.50 -------------- 5,423.47 SEADRIFT COKE L.P. DEBTOR CASE # 01-29744-MBM STATUS OF POSTPETITION TAXES REPORT PERIOD - AUGUST 2002
Beginning Amount Ending Tax Withheld or Amount Check No. Tax Liability Accrued Paid or EFT Liability ---------------------------------------------------------------------------------------------- FEDERAL Withholding - 85,625.33 27,265.89 8/6/2002 ** - 30,334.84 8/20/2002 ** 28,024.60 9/4/2002 ** FICA - Employee - 49,002.17 15,892.95 8/6/2002 ** - 16,987.81 8/20/2002 ** 16,121.41 9/4/2002 ** FICA - Employer 0.01 49,002.31 15,892.99 8/6/2002 ** 0.01 16,987.83 8/20/2002 ** 16,121.49 9/4/2002 ** Unemployment - - - ** - Income - Other: Total Federal Taxes 0.01 183,629.81 183,629.81 0.01 STATE AND LOCAL Withholding - - Sales - 2,358.22 2,358.22 8/14/2002 42545 - Excise - - Unemployment - - - ** - Real Property - - Personal Property - - Other: - - Total State and Local Taxes - 2,358.22 2,358.22 - Total Taxes 0.01 185,988.03 185,988.03 0.01
** ADP Statement of Deposits Attached MOR-5 THE CARBIDE/GRAPHITE GROUP, INC. CONSOLIDATED ACCOUNTS PAYABLE AGING AUGUST 31, 2002
TOTAL 0 - 30 DAYS 31 - 60 DAYS 61 - 90 DAYS 91 - 120 DAYS PRE-PETITION - -------------------------------------------------------------------------------------------------------------------------------- $ 22,382,637 $ 797,586 $ 158,897 $ 1,850 $ 663,019 $20,761,286 - --------------------------------------------------------------------------------------------------------------------------------
A summary of unpaid post petition debts has been completed and is available upon request THE CARBIDE/GRAPHITE GROUP, INC. CONSOLIDATED ACCOUNTS RECEIVABLE AGING AUGUST 31, 2002
0 - 30 DAYS 31 - 60 DAYS 61 - 90 DAYS 91 - 120 DAYS OVER 120 DAYS TOTAL OUTSTANDING OUTSTANDING OUTSTANDING OUTSTANDING OUTSTANDING - -------------------------------------------------------------------------------------------------------------------------------- $ 19,838,577 $ 11,763,713 $ 3,386,919 $ 2,051,426 $ 1,400,035 $ 1,236,484 - --------------------------------------------------------------------------------------------------------------------------------
An accounts receivable reconciliation has been completed and is available upon request. THE CARBIDE/GRAPHITE GROUP, INC. MOR-6 DEBTOR QESTIONNAIRE AUGUST 31, 2002
- ---------------------------------------------------------------------------------------------------------------- Yes No - ---------------------------------------------------------------------------------------------------------------- 1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide and explanation below. X - ---------------------------------------------------------------------------------------------------------------- 2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide and explanation below. X - ---------------------------------------------------------------------------------------------------------------- 3. Have all postpetition tax returns been timely filed? If no, provide and explanation below. X - ---------------------------------------------------------------------------------------------------------------- 4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below. X - ----------------------------------------------------------------------------------------------------------------
-----END PRIVACY-ENHANCED MESSAGE-----