TURNER CORP
10-K/A, 1997-03-31
GENERAL BLDG CONTRACTORS - NONRESIDENTIAL BLDGS
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                                    FORM 10-K
(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
                                        
[  ] 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 No. 1-8719
                                        
                             THE TURNER CORPORATION
             (Exact name of registrant as specified in its charter)

  DELAWARE                                      13-3209884
(State or other jurisdiction of              (I.R.S. Employer
 incorporation or organization)                Identification No.)

375 Hudson Street, New York, New York        10014
(Address of principal executive offices)    (Zip Code)

   Registrant's telephone number, including area code: (212) 229-6000
          
Securities registered pursuant to Section 12(b) of the Act:

                                            Name of Exchange
           Title of Class                   on which registered
        Common Stock, $1 Par Value          American Stock Exchange

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

   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 [   ]

    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.     [ ]

  As of March 24, 1997, the aggregate market value on that date of the
common stock held  by  non-affiliates (based upon the last sale price for
the common  stock on the American Stock Exchange)  was $53,120,462.

  As  of March 24, 1997, 5,261,307 shares of the registrant's common stock
were outstanding.

                       DOCUMENTS INCORPORATED BY REFERENCE
   Portions  of definitive proxy statement  to  be filed  pursuant to Section
14(a) of the Securities Exchange Act of 1934 - Part III, Items 10-13.



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