NASHUA CORP
10-K405/A, 1997-03-28
CONVERTED PAPER & PAPERBOARD PRODS (NO CONTANERS/BOXES)
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<PAGE>   1
                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-K/A
(Mark One)
(X)  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
EXCHANGE ACT OF 1934 (FEE REQUIRED)
For the fiscal year ended   December 31, 1996
                          -------------------    
                                       OR

( )  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
     EXCHANGE ACT OF 1934 (NO FEE REQUIRED)
For the transition period from                  to
                                  ------------      ------------
Commission File Number 1-5492-1
                       --------

                               NASHUA CORPORATION
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its Charter)

          Delaware                                      02-0170100
- ----------------------------------------  --------------------------------------
  (State of incorporation)                I.R.S. Employer Identification Number)

         44 Franklin Street
         P.O. Box 2002
         Nashua, New Hampshire                           03061-2002
- ----------------------------------------  --------------------------------------
(Address of principal executive offices)                 (Zip Code)

Registrant's telephone number, including area code      (603) 880-2323
                                                     ---------------------------

Securities registered pursuant to Section 12(b) of the Act:

                                                    Name of each exchange
         Title of each class                         on which registered
         -------------------                        ---------------------

Common Stock, par value $1.00                      New York Stock Exchange
Preferred Stock Purchase Rights                    New York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act:  None

     Indicate by check mark if 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 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)



                                    Continued


<PAGE>   2


     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
     -----            -----

     The aggregate market value of voting stock held by non-affiliates of the
registrant as of March 12, 1997 was approximately $82,790,000. The number of
shares outstanding of the registrant's Common Stock as of March 12, 1997 was
6,623,225 (excluding 24,030 shares held in treasury).



                       DOCUMENTS INCORPORATED BY REFERENCE


     Portions of the Registrant's Proxy Statement dated March 25, 1997 for the
Annual Meeting of Stockholders to be held on April 25, 1997 are incorporated by
reference into Part III of this report.


<PAGE>   3

                                   SIGNATURES
                                   ----------

     Pursuant to the requirements of Section 13 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

Date: March 28, 1997                    By /s/Daniel M. Junius
                                           --------------------
                                           Daniel M. Junius
                                           Vice President-Finance,
                                           Chief Financial Officer and Treasurer


SIGNATURE                     TITLE                            DATE
- ---------                     -----                            ----

/s/Gerald G. Garbacz          President and                    March 28, 1997
- -----------------------       Chief Executive Officer
Gerald G. Garbacz            

/s/Daniel M. Junius           Vice President-Finance,          March 28, 1997
- -----------------------       Chief Financial Officer
Daniel M. Junius              and Treasurer
                              
/s/Joseph R. Matson           Corporate Controller and         March 28, 1997
- -----------------------       Chief Accounting Officer
Joseph R. Matson             

Sheldon A. Buckler*           Director
- -----------------------
Sheldon A. Buckler

Charles Hoppin*               Director
- -----------------------
Charles Hoppin

John M. Kucharski*            Director
- -----------------------
John M. Kucharski

David C. Miller, Jr.*         Director
- -----------------------
David C. Miller, Jr.

James F. Orr III*             Director
- -----------------------
James F. Orr III




*By /s/Daniel M. Junius                                        March 28, 1997
    -------------------
    Daniel M. Junius
    Attorney-In-Fact


                                      -40-


<PAGE>   4


                                EXHIBIT INDEX




Exhibit
Number                  Description
- -------                 -----------

  27                    Financial Data Schedule





<TABLE> <S> <C>

<ARTICLE> 5
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               DEC-31-1996
<EXCHANGE-RATE>                                      1
<CASH>                                          20,018
<SECURITIES>                                         0
<RECEIVABLES>                                   20,112
<ALLOWANCES>                                         0
<INVENTORY>                                     16,668
<CURRENT-ASSETS>                                72,165
<PP&E>                                         118,577
<DEPRECIATION>                                  58,459
<TOTAL-ASSETS>                                 176,689
<CURRENT-LIABILITIES>                           50,992
<BONDS>                                              0
                                0
                                          0
<COMMON>                                        12,107
<OTHER-SE>                                      89,810
<TOTAL-LIABILITY-AND-EQUITY>                   176,689
<SALES>                                        389,742
<TOTAL-REVENUES>                               389,742
<CGS>                                          286,390
<TOTAL-COSTS>                                  358,365
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               2,743
<INCOME-PRETAX>                                 28,634
<INCOME-TAX>                                    12,141
<INCOME-CONTINUING>                             16,493
<DISCONTINUED>                                   8,958
<EXTRAORDINARY>                                (1,257)
<CHANGES>                                            0
<NET-INCOME>                                    24,194
<EPS-PRIMARY>                                     3.78
<EPS-DILUTED>                                        0
        

</TABLE>


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