HANNA M A CO/DE
8-K, 1997-06-24
MISCELLANEOUS PLASTICS PRODUCTS
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<PAGE>   1
                       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):  June 24, 1997
                                                 ---------------------

                               M.A. Hanna Company
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

    Delaware                        1-5222                    34-023435
- -----------------                 ------------           ----------------------
(State Or Other                   (Commission              (I.R.S. Employer
 Jurisdiction                     File Number)           Identification Number)
Of Incorporation)

         Suite 36-5000, 200 Public Square,  Cleveland, Ohio  44114-2304
         --------------------------------------------------------------
         (Address of principal executive offices)            (Zip Code)

Registrant's telephone number, including area code:  (216) 589-4000
                                                   ----------------

                                     Exhibit Index Appears on sequential page 3.



<PAGE>   2



Item 5.           Other Events.
                  -------------

                  The Company is filing herewith the following exhibit to its
Registration Statement on Form S-3 (File No. 333-5763), which was declared
effective on November 8, 1996.

         1.       Computation of Ratio of Earnings to Fixed Charges
                  (revised to reflect the Company's results as of March
                  31, 1997).

                                    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 hereunto duly authorized.

                               M.A. HANNA COMPANY

Date:  June 24, 1997               By:      /s/ John S. Pyke, Jr.
                                            ---------------------
                                   Name:  John S. Pyke, Jr.
                                   Title: Vice President and
                                   Secretary






<PAGE>   3




                                  EXHIBIT INDEX
                                  -------------

Exhibit           Description of Exhibit
- -------           ----------------------

12.1              Computation of Ratio of Earnings to Fixed Charges
                  (revised to reflect the Company's results as of March
                  31, 1997).



<PAGE>   1
                                                                    EXHIBIT 12.1

M.A. Hanna Company
Ratio of Earnings to Fixed Charges
<TABLE>
<CAPTION>
                                         Three Months
                                            Ended
                                           March 31                 Year Ended December 31
                                     -------------------------------------------------------------------------------
                                      1997        1996         1996         1995        1994       1993        1992
                                     ------------------------------------------------------------------------------
<S>                                  <C>         <C>         <C>           <C>         <C>        <C>         <C>   
Consolidated pretax income
from continuing operations           26,255      23,426      102,891       98,821      66,222     37,654      27,005

Adjustments 
  Fixed charges - excluding 
  capitalized interest:
  Consolidated interest
   expense                            5,132       6,036       20,033       26,278      28,549     32,258      32,509
  Interest portion of rental
   expense                            1,574       1,548        6,215        5,942       5,624      5,281       4,729

     Total fixed charges              6,706       7,584       26,248       32,220      34,173     37,539      37,238

Adjusted earnings                    32,961      31,010      129,139      131,041     100,395     75,193      64,243

Ratio of earnings to fixed charges     4.92        4.08         4.92         4.07        2.94       2.00        1.73

</TABLE>




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