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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): December 11, 1995
CARTER DAY INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-6252 13-1884908
(State or other jurisdiction of (Commission (I.R.S.Employer
incorporation or organization) File No.) Identication No.)
500 73rd Avenue N.E., Minneapolis, Minnesota 55432
(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code) (612) 571-1000
Not Applicable
(Former name, former address and former fiscal year, if changed since last
report)
There are no exhibits. This document contains 2 pages.
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Item 5. Other Events
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More than a decade ago, the U.S. Environmental Protection Agency ("EPA")
notified Carter Day Industries, Inc. (the "Company") that it was a potentially
responsible party and might be liable for the costs of cleaning up two
landfill sites in New Jersey known as Combe Fill North and Combe Fill South.
In September, 1995, the EPA issued a demand letter seeking payment for
the cleanup of the Combe Fill North Site. Such letter was issued in
anticipation of the expiration of the Statute of Limitations applicable to an
EPA legal action against the Company with respect to Combe Fill North, which
time period expired on December 11, 1995. Following receipt of the EPA
notice, the Company negotiated with the EPA and the United States Department
of Justice (which acts as legal counsel to the EPA in these matters) and
following such negotiations the Government decided not to institute legal
action and allowed the Statute of Limitations to run, thereby precluding legal
action by the EPA with respect to Combe Fill North in the future.
The Company does not believe that the facts and circumstances regarding
the Combe Fill South Site are significantly different from those affecting
Combe Fill North - except that the Statute of Limitations applicable to Combe
Fill South does not expire until October of 1998. In the event that the EPA
makes a demand with respect to Combe Fill South, the Company will seek a
declaratory judgment that any and all obligations with respect thereto were
discharged by its plan of reorganization as confirmed by the United States
Bankruptcy Court in December of 1983.
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.
CARTER DAY INDUSTRIES, INC.
Registrant
Date: December 29, 1995 By: /s/ Paul W. Ernst
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Director, President, Treasurer
and Chief Executive Officer
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