CRANE CO /DE/
10-K405/A, 1996-04-18
MISCELLANEOUS FABRICATED METAL PRODUCTS
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<PAGE>
 
 
                                FORM 10-K405/A
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D. C. 20549

(x) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934
                  For the fiscal year ended December 31, 1995
                                            -----------------
                                 OR
( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
    EXCHANGE ACT OF 1934
    For the transition period from _______________ to _______________
                         Commission file number 1-1657
                                                ------

                                    CRANE CO.
   -------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)
                                        
                          Delaware                      13-1952290
          ----------------------------------------   ---------------
              (State or other jurisdiction of        (I.R.S. Employer
              incorporation or organization)         Identification No)

          100 First Stamford Place, Stamford, CT          06902
          ----------------------------------------   ---------------
      (Address of principal executive offices)          (Zip Code)

Registrant's telephone number, including area code   (203) 363-7300
                                                   -------------------

Securities registered pursuant to Section 12(b) of the Act:
                                             Name of each exchange on
       Title of each class                       which registered
     -----------------------                 ------------------------
  Common shares, par value $1.00             New York Stock Exchange
  Preferred Share Purchase Rights            New York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act:
                       7 1/4% senior notes due June, 1999
                       8 1/2% senior notes due March, 2004
            -------------------------------------------------------
                               (Title of Class)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2)has been subject to such filing
requirements for the past 90 days.  Yes   X    No _____
                                        -----          

Indicate by check mark if the disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of the registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K.  (X)

Based on the closing sales price of January 31, 1996 the aggregate market value
of the voting stock held by nonaffiliates of the registrant was $1,194,520,787.

The number of shares outstanding of the registrant's common stock, $1.00 par
value was 30,145,635 at January 31, 1996.

                      DOCUMENTS INCORPORATED BY REFERENCE
                      -----------------------------------

Portions of the annual shareholders report for the year ended December 31, 1995
are incorporated by reference into Parts I, II and IV.

Portions of the proxy statement for the annual shareholders meeting May 6, 1996
are incorporated by reference into Parts I and III.

<PAGE>
 
SIGNATURES

Pursuant to the requirements of Section l3 or l5(d) of the Securities Exchange
Act of l934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.

                                   CRANE CO.
                                 -------------------
                                  (Registrant)

                           By     s/ D. S. Smith
                                --------------------
                                  D. S. Smith
                             Vice President-Finance
                                 Date  4/18/96
                                       -------

Pursuant to the requirements of the Securities Exchange Act of l934, this report
has been signed below by the following persons on behalf of the registrant and
in the capacities and on the dates indicated.


                                   OFFICERS

              s/ R. S. Evans
              -----------------------
              R. S. Evans
              Chairman, Chief Executive Officer and Director
              Date  4/18/96
                    -------


    s/ D. S. Smith                      s/ M. L. Raithel
    -----------------------------      ----------------------------
    D. S. Smith                        M. L. Raithel
    Vice President-Finance             Controller
    Date  4/18/96                      Date     4/18/96
          -------                               -------


                                   DIRECTORS

                                                      s/ C. J. Queenan, Jr.
                                                    ---------------------------
                                                        C. J. Queenan, Jr.
                                                    Date      4/18/96
                                                              -------
 
      s/ M. Anathan, III        s/ E. T. Bigelow      s/ J. Gaulin
      -----------------        -------------------  ----------------
        M. Anathan, III           E. T. Bigelow        J. Gaulin

        Date    4/18/96        Date        4/18/96  Date    4/18/96
                -------                    -------          -------
 
                                  D. C. Minton
- --------------------          --------------------     --------------------
    R. S. Forte                   D. C. Minton               B. Yavitz
Date                          Date         4/18/96     Date
                                           -------


                                                         s/ D. R. Gardner
                                                       --------------------
                                                           D. R. Gardner
                                                       Date         4/18/96
                                                                    -------



                                                            /16

<TABLE> <S> <C>

<PAGE>
 
<ARTICLE> 5
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<CASH>                                           5,476
<SECURITIES>                                         0
<RECEIVABLES>                                  240,787
<ALLOWANCES>                                         0
<INVENTORY>                                    245,001
<CURRENT-ASSETS>                               498,038
<PP&E>                                         512,985
<DEPRECIATION>                                 269,047
<TOTAL-ASSETS>                                 998,411
<CURRENT-LIABILITIES>                          241,276
<BONDS>                                              0
                           30,125
                                          0
<COMMON>                                             0
<OTHER-SE>                                     344,604
<TOTAL-LIABILITY-AND-EQUITY>                   998,411
<SALES>                                      1,782,310
<TOTAL-REVENUES>                             1,782,310
<CGS>                                        1,316,321
<TOTAL-COSTS>                                1,639,362
<OTHER-EXPENSES>                               (3,408)
<LOSS-PROVISION>                                 1,595
<INTEREST-EXPENSE>                              24,888
<INCOME-PRETAX>                                121,468
<INCOME-TAX>                                    45,131
<INCOME-CONTINUING>                             76,337
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    76,337
<EPS-PRIMARY>                                     2.50
<EPS-DILUTED>                                     2.49
        

</TABLE>


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