SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A(5)
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 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 subordinate debt back to Registrant, and pursuant to an agreement
with ALCO the closing is now scheduled for late March, 1996.<PAGE>
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: March 15, 1996 <PAGE>
