-----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, LYrGM5n0VbqDSQ8pV8ur2wyQ+x6DApwXY2nFyE6+jGUMoZgAtMwq+x3CmNM/oq/5 4Ws/Pm5tjHbC+1fwNSmZQQ== 0000950109-95-004132.txt : 19951012 0000950109-95-004132.hdr.sgml : 19951012 ACCESSION NUMBER: 0000950109-95-004132 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19951010 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19951011 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALCO CAPITAL RESOURCE INC CENTRAL INDEX KEY: 0000922255 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-PAPER AND PAPER PRODUCTS [5110] IRS NUMBER: 232493042 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20405 FILM NUMBER: 95579903 BUSINESS ADDRESS: STREET 1: 1738 BASS RD CITY: MACON STATE: GA ZIP: 31210 BUSINESS PHONE: 2152968000 MAIL ADDRESS: STREET 1: BOX 834 CITY: VALLEY FORGE STATE: PA ZIP: 19482 8-K 1 FORM 8-K 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 10, 1995 ALCO STANDARD CORPORATION -------------------------------------------- (Exact name of registrant as specified in its charter) OHIO File No. 1-5964 23-0334400 - --------------- ---------------- --------------- (State or other (Commission File (IRS Employer jurisdiction of Number) (Identification incorporation) Number) P.O. Box 834, Valley Forge, Pennsylvania 19482 -------------------------------------------- ----------- Registrant's telephone number, including area code: (610) 296-8000 -------------- Not Applicable ----------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events. ------------ On October 10, 1995, the Registrant announced that it will take a charge of approximately $24 million for environmental claims associated with discontinued manufacturing businesses divested by the Registrant in fiscal 1991 and prior. This will result in an after tax charge to earnings of approximately $17 million, or approximately $0.29 per share in the fourth quarter of fiscal year 1995. The Registrant plans to release its fourth quarter earnings on October 17, 1995 and still expects to meet its earning objective for continuing operations for the quarter and the year. The Registrant also announced that, since most environmental claims are paid over a period of years, the impact on overall cash flow of the $24 million charge is expected to be minimal. The Registrant does not expect that additional environmental charges for these claims will be required in the future. Item 7. Financial Statements, Pro Forma Financial Information ----------------------------------------------------- and Exhibits. ------------ (c) Exhibits. -------- Press Release dated October 10, 1994 -2- SIGNATURE 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 thereunto duly authorized. ALCO STANDARD CORPORATION By: /s/ Michael J. Dillon --------------------------- Michael J. Dillon Controller Dated: October 10, 1995 -3- EX-28 2 EX-28 Exhibit 28 NEWS RELEASE Contacts: Rip Tilden Marty Buckley Vice President, Corporate Affairs Director, Corporate Communications (610) 993-3608 (610) 993-3609 ALCO STANDARD TAKES CHARGE FOR ENVIRONMENTAL CLAIM RELATING TO DISCONTINUED OPERATIONS VALLEY FORGE, PENNSYLVANIA--OCTOBER 10, 1995--Alco Standard Corporation (NYSE:ASN) today announced that it will take a charge of approximately $24 million for environmental claims associated with discontinued manufacturing operations. This will result in an after tax charge to earnings of approximately $17 million, or approximately $0.29 per share in the fourth quarter of fiscal year 1995. These claims primarily relate to businesses divested by Alco Standard in fiscal year 1991 and prior. The company plans to release its fourth quarter earnings on October 17, and still expects to meet its earnings objective for continuing operations for the quarter and the year. During its 30-year history, Alco has owned a wide range of manufacturing and industrial businesses, all of which have been sold. There are currently environmental remediation claims pending for manufacturing or landfill sites in the United States which relate to these former operations. Several recent claims associated with the discontinued manufacturing operations and increased estimated costs associated with existing environmental remediation sites resulted in Alco's decision to take this charge. Since most environmental claims are paid over a period of years, the impact on annual cash flow is expected to be minimal. The company does not expect that additional environmental charges for these sites will be required in the future. Today, Alco Standard operates the largest independent network of copier dealers in North America and the United Kingdom through Alco Office Products and is the largest marketer and distributor of paper and supply systems in North America through Unisource. ### -----END PRIVACY-ENHANCED MESSAGE-----