SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A(3)
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 4, 1995
SPINNAKER INDUSTRIES, INC.
Delaware 0-9559 06-0544125
(State or other jurisdiction (Commission (IRS Employer
of Corporation) file Number) Identification No.)
600 N. Pearl St., Suite 2160, Dallas Texas 75201
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (214) 855-0322
(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets
Reference is made to Item 2 of the Form 8-K of Registrant and in
particular to the description of the Spinnaker Subordinated Note issued to
ALCO, the Conversion Documents including the Put Agreements and Registrant's
obligations with respect thereto. ALCO has exercised its rights under the
Put Agreements to sell the subordinated debt back to Registrant, and
pursuant to an agreement with Alco the closing is now scheduled for mid-
February 1996.
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused the Agreement to be signed on behalf by the
undersigned, thereunto duly authorized.
SPINNAKER INDUSTRIES, INC.
(Registrant)
By:s/James W. Toman
James W. Toman
Controller
Date: February 2, 1996
