NASHUA CORP
8-K, 1995-11-29
CONVERTED PAPER & PAPERBOARD PRODS (NO CONTANERS/BOXES)
Previous: MIDWEST INCOME TRUST, NSAR-B, 1995-11-29
Next: NBD BANCORP INC /DE/, S-8 POS, 1995-11-29



<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


                               NOVEMBER 28, 1995
                Date of Report (Date of Earliest Event Reported)



                               NASHUA CORPORATION
             (Exact Name of Registrant as Specified in its Charter)



                                    DELAWARE
                 (State or Other Jurisdiction of Incorporation)



        1-5492-1                                         02-0170100
(Commission File Number)                    (I.R.S. Employer Identification No.)



44 FRANKLIN STREET, NASHUA, NEW HAMPSHIRE                          03060
(Address of Principal Executive Offices)                         (Zip Code)


                                 (603)880-2323
              (Registrant's Telephone Number, Including Area Code)


                                 NOT APPLICABLE
         (Former Name or Former Address, if Changed Since Last Report)

<PAGE>   2
                                     -2-



                   INFORMATION TO BE INCLUDED IN THE REPORT


ITEM 5 - OTHER EVENTS

          In Nashua's Quarterly Report on Form 10-Q for the period ended 
          September 29, 1995, the Company stated that it was not in compliance
          with certain financial covenants in its revolving credit facility and
          senior note agreement and that it had obtained agreements with its 
          lenders that they would not take any action with respect to the 
          Company's noncompliance during a grace period which ended November
          27, 1995.  The grace period has been extended until December 1, 1995.

          The Company continues to believe that the debt agreements will be 
          amended in a manner that will allow the Company to be restored to 
          compliance and that the banks will accommodate borrowing requests to 
          meet current operating needs while the amendments remain under 
          negotiation.  However, the Company and the banks have not to date 
          agreed upon the terms of such amendments and the banks are not
          obligated to extend additional loans under the Company's revolving 
          credit facility unless and until such time as these amendments are 
          effected.



                                  SIGNATURES


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.



                                         NASHUA CORPORATION



November 28, 1995                        By /s/ Daniel M. Junius
                                            ------------------------------
                                            Daniel M. Junius
                                            Vice President-Finance
                                            and Chief Financial Officer



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission