<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
AMENDMENT NO. 1 TO FORM 8-K FILED DECEMBER 22, 1999
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of amended report: February 18, 2000
333-60855
(Commission File Number)
AMM HOLDINGS, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware 52-2088661
(State or Other Jurisdiction (I.R.S. Employer Identification No.)
of Incorporation)
Tyson Place, Suite 200, 2607 Kingston Pike
Knoxville, TN 37919-4048
(Address of Principal Executive Offices) (Zip Code)
(423) 329-5300
(Registrant's Telephone Number, Including Area Code)
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FORM 8-K/A
AMENDMENT NO. 1 TO FORM 8-K
OF
AMM HOLDINGS, INC.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
AMM Holdings, Inc. ("AMM Holdings", a wholly-owned subsidiary of AMM
Holdings, LLC) is a holding company and does not have any material operations or
assets other than ownership of all the capital stock of Anchor Holdings, Inc.
("Holdings"), which does not have any material operations or assets other than
ownership of all the capital stock of Moll Industries, Inc., an operating
company.
Pursuant to a Sale and Transfer Agreement recorded on December 8, 1999
(the "Agreement") by and between Moll Industries, Inc. (the "Seller") and
Certina Aktiengesellschaft (the "Buyer"), the Seller has agreed to sell one (1)
share of Moll Industries Germany GmBH (the "Company"), which share is all of the
issued and outstanding capital stock of the Company, such sale to be effective
as of 31 December 1999 24:00 hours/1 January 2000 0:00 hours, for a total
purchase price of DM 1.00 (one (1) German Mark).
The preceding description of the Sale and Transfer Agreement does not
purport to be complete and is qualified in its entirety by reference to the
provisions of the definitive agreement which is filed as Exhibit 2.1 of this
report and is incorporated herein.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED.
Not Applicable.
(b) PRO FORMA FINANCIAL INFORMATION.
Unaudited pro forma financial statements which reflect the above
transactions are included as Exhibit 7.1.
(c) Exhibits
<TABLE>
<CAPTION>
EXHIBIT NO. EXHIBIT
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<S> <C>
2.1 Sale and Transfer Agreement Recorded on December 8, 1999 (previously
filed).
7.1 Pro Forma Financial Information
</TABLE>
2
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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.
AMM HOLDINGS, INC.
Date: February 18, 2000 By: /s/ PHYLLIS BEST
-----------------------------
Phyllis Best
Chief Financial Officer
3
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EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT NO. EXHIBIT
- ----------- -------
<S> <C>
2.1 Sale and Transfer Agreement Recorded on December 8, 1999
(incorporated by reference to Exhibit 2.1 of the Form 8-K filed on
December 22, 1999).
7.1 Pro Forma Financial Information
</TABLE>
4
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EXHIBIT 7.1
AMM HOLDINGS, INC. AND SUBSIDIARY
CONSOLIDATED PRO FORMA BALANCE SHEET
(IN THOUSANDS AND UNAUDITED)
<TABLE>
<CAPTION>
OCTOBER 2,
1999
--------------------
<S> <C>
ASSETS
CURRENT ASSETS:
Cash and cash equivalents................................................. $ 4,085
Accounts receivable, net of reserves for doubtful accounts of
$2,749................................................................. 76,767
Inventories, net.......................................................... 34,742
Deposits on tooling....................................................... 19,369
Property, plant and equipment held for sale............................... 2,157
Other current assets...................................................... 2,996
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Total current assets.............................................. 140,116
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PROPERTY, PLANT AND EQUIPMENT:
Land...................................................................... 3,235
Buildings................................................................. 35,801
Machinery and equipment................................................... 119,379
Less: accumulated depreciation............................................ (32,038)
-------
Property, plant and equipment, net..................................... 126,377
-------
GOODWILL, NET............................................................... 42,876
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INTANGIBLE AND OTHER ASSETS, NET............................................ 17,327
-------
Total assets...................................................... $ 326,696
-------
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LIABILITIES AND DEFICIT
CURRENT LIABILITIES:
Current portion of long-term obligations.................................. $ 3,076
Short-term borrowings..................................................... 2,535
Accounts payable.......................................................... 46,960
Accrued liabilities....................................................... 28,201
Deferred tooling revenue.................................................. 15,498
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Total current liabilities......................................... 96,270
-------
LONG-TERM OBLIGATIONS, NET OF CURRENT PORTION............................... 293,941
-------
DEFERRED INCOME TAXES....................................................... 5,288
-------
OTHER NON-CURRENT LIABILITIES............................................... 7,700
-------
COMMITMENTS AND CONTINGENCIES............................................... --
-------
DEFICIT:
Common stock ($.01 par value, 3 shares authorized, 1 share issued and
outstanding)........................................................... --
Additional paid in capital................................................ 387
Accumulated deficit....................................................... (75,464)
Accumulated other comprehensive income.................................... (1,426)
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Total deficit..................................................... (76,503)
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Total liabilities and deficit..................................... $ 326,696
-------
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</TABLE>
The accompanying notes are an integral part
of this consolidated pro forma balance sheet.
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AMM HOLDINGS, INC. AND SUBSIDIARY
CONSOLIDATED PRO FORMA STATEMENTS OF OPERATIONS
(IN THOUSANDS AND UNAUDITED)
<TABLE>
<CAPTION>
THIRTY-NINE
YEAR-END WEEKS ENDED
DECEMBER 31, OCTOBER 2,
1998 1999
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<S> <C> <C>
NET SALES............................................................. $ 357,087 $ 285,179
COST OF SALES......................................................... 310,593 247,915
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Gross profit........................................................ 46,494 37,264
SELLING, GENERAL AND ADMINISTRATIVE
EXPENSES......................................................... 30,314 24,916
MANAGEMENT AND CONSULTING FEE TO
RELATED PARTIES.................................................. 101 150
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Operating income.................................................... 16,079 12,198
INTEREST EXPENSE, NET................................................. 29,147 24,504
OTHER (INCOME) EXPENSE................................................ (90) (1,343)
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LOSS BEFORE TAXES AND EXTRAORDINARY ITEM.............................. (12,978) (10,963)
PROVISION FOR INCOME TAXES ........................................... (1,975) (437)
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LOSS BEFORE EXTRAORDINARY ITEM........................................ $ (11,003) $ (10,526)
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</TABLE>
The accompanying notes are an integral part
of these consolidated pro forma financial statements.
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AMM HOLDINGS, INC. AND SUBSIDIARY
NOTES TO CONSOLIDATED PRO FORMA FINANCIAL STATEMENTS
1. BASIS OF PRESENTATION
The consolidated pro forma financial statements of the Company give effect to
the sale of the Company's interest in Moll Industries Germany, GmbH
("Germany"), which was effective December 31, 1999. In addition, the
consolidated pro forma financial statements give effect to the previously
reported 1998 transactions, including the merger with Anchor Advanced
Products, Inc., the acquisition of Gemini Plastic Services, Inc., the
distribution of its interest in Reliance Products L.P, and the offering of
$130,000 of 10.5% Senior Subordinated Bonds and $65,000 of 13 1/2% Senior
Discount Notes.
2. PRO FORMA ADJUSTMENTS
The pro forma adjustments include the elimination of the 1998 and 1999 activity
and balances of Germany from the Company's consolidated financial statements.
Germany operated on a stand-alone basis with limited activity with other
divisions of the Company. The Company did not assume any reductions in corporate
expenses due to the sale of this division. Summarized results of Germany are:
<TABLE>
<CAPTION>
Thirty-nine
Year-end Weeks ended
December 31, October 2,
1998 1999
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<S> <C> <C>
Net Sales $ 28,995 $ 13,947
Operating Loss (1,275) (4,406)
Net Loss (2,151) (4,968)
</TABLE>
The consolidated pro forma balance sheet reflects the loss and future
obligations the Company expects to incur in connection with the sale. The future
obligations are not dependent upon future operations, but are dependent upon the
balances of certain accounts as of December 31, 1999. An examination of those
accounts is in process.
Summarized balance sheet information of Germany as of October 2, 1999 is:
<TABLE>
<CAPTION>
October 2,
1999
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<S> <C>
Net Working Capital $ (1,796)
Fixed Assets, net 4,004
Total Assets 10,405
Total Liabilities 8,429
Equity 1,976
</TABLE>
