<PAGE> 1
[GENICOM LETTERHEAD]
May 30, 2000
Ann Schmitt
Reed Smith Shaw & McClay LLP
1301 K Street, N.W.
Suite 1100-East Tower
Washington, DC 20005
Dear Ann:
Please distribute to Creditor Committee Counsel.
Very truly yours,
/s/ A. JEFFREY ZAPPONE
A. Jeffrey Zappone
Chief Financial Officer
GENICOM CORPORATION
Enclosure
<PAGE> 2
[GENICOM LETTERHEAD]
May 30, 2000
PRIVATE AND CONFIDENTIAL
VIA OVERNIGHT MAIL
Dainel Austin, Esquire
Office of the U.S. Trustee
601 Walnut Road
Room 950 W
Philadelphia, Pennsylvania 191061
RE: GENICOM CORPORATION DEBTOR-IN-POSSESSION (CASE NUMBER 00-1383)
APRIL MONTHLY OPERATING REPORTS
Dear Daniel:
Accompanying this correspondence, please find GENICOM Corporation Debtor-in-
Possession's (hereafter "GENICOM DIP") monthly operating report for April 2000.
Please contact me with any questions you may have. I can be reached at
703-633-8722.
Very truly yours,
/s/ A. JEFFREY ZAPPONE
A. Jeffrey Zappone
Chief Financial Officer
GENICOM CORPORATION
Enclosure
cc: Shaun Donnellan, GENICOM Corporation
John Lefevere, GENICOM Corporation
Frank DiCello, Esquire, Reed Smith Shaw & McClay
Ann Schmitt, Esquire, Reed Smith Shaw & McClay
<PAGE> 3
Debtor: GENICOM Corporation ACCRUAL BASIS - 1
Case Number: 00-1383
OFFICE OF THE UNITED STATES TRUSTEE - REGION 3
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING May 7, 2000,
-------------
================================================================================
<TABLE>
<CAPTION>
Document Previously Explanation
Required Attachments: Attached Submitted Attached
<S> <C> <C> <C>
1. Tax Receipts ( ) (x) ( )
March Statement
2. Bank Statements ( ) ( ) (x) Attached. April Statement
Not
3. Most recently filed ( ) (x) ( ) yet available.
Income Tax Return
4. Most recent Annual Financial ( ) (x) ( )
Statements prepared by Accountant
</TABLE>
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE
UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING
REPORT (ACCRUAL BASIS - 1 THROUGH ACCRUAL BASIS - 9) AND THE ACCOMPANYING
ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT
AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY) IS
BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY:
/s/ A. JEFFREY ZAPPONE Chief Financial Officer
---------------------------------- --------------------------------
Signature of Responsible Party Title
A. Jeffrey Zappone May 24, 2000
---------------------------------- --------------------------------
Printed Name of Responsible Party Date
PREPARER:
/s/ HAROLD W. JOHNSON Sr. Financial Analyst
---------------------------------- --------------------------------
Signature of Preparer Title
Harold W. Johnson May 24, 2000
---------------------------------- --------------------------------
Printed Name Of Preparer Date
ALL CHAPTER 11 DEBTORS MUST FILE THIS REPORT WITH THE COURT AND SERVE A COPY ON
THE UNITED STATES TRUSTEE NO LATER THAN THE 15TH DAY OF THE MONTH FOLLOWING THE
END OF THE MONTH COVERED BY THE REPORT.
<PAGE> 4
DEBTOR: GENICOM CORPORATION
ACCRUAL BASIS - 2
CASE NUMBER: 00-1383
<TABLE>
<CAPTION>
----------------------------------------------------------------------------
ASSETS MARCH-00 APRIL-00
----------------------------------------------------------------------------
<S> <C> <C>
1. Cash 1,830,757 2,715,362
----------------------------------------------------------------------------
2. Accounts Receivable(Net) 25,611,327 20,693,350
----------------------------------------------------------------------------
3. Inventory 19,306,480 18,956,004
----------------------------------------------------------------------------
4. Notes/Other Receivables 1,593,867 1,633,452
----------------------------------------------------------------------------
5. Prepaid Expenses 2,590,943 3,651,776
----------------------------------------------------------------------------
6. Other (Deferred Tax) 102,185 102,185
----------------------------------------------------------------------------
7. Total Current Assets 51,035,559 47,752,129
----------------------------------------------------------------------------
8. Property, Plant & Equipment 65,305,218 64,775,628
----------------------------------------------------------------------------
9. Less : Accum. Depr/Depletion 48,421,459 48,607,213
----------------------------------------------------------------------------
10. Net Property, Plant & Equip. 16,883,759 16,168,415
----------------------------------------------------------------------------
11a. Due from Affiliates & Insiders 58,360,380 58,976,275
----------------------------------------------------------------------------
11b. Investment in Affiliates (23,639,782) (23,639,782)
----------------------------------------------------------------------------
12. Intangibles 2,328,464 2,261,173
----------------------------------------------------------------------------
13. Other (Deferred Taxes) 19,652 19,462 --------------------------------------------
---------------------------------------------------------------------------- Currently reconciling unvouchered receipts
14. Total Assets 104,988,032 101,537,672 / and posting backlog against prepayments.
---------------------------------------------------------------------------- / Will amend report when process is
POSTPETITION LIABILITIES / completed.
---------------------------------------------------------------------------- / --------------------------------------------
15. Accounts Payable (2,166,766) (6,502,238) a <-
---------------------------------------------------------------------------- --------------------------------------------
16. Taxes Payable 236,481 455,768 c <----- Liability balance resulting from timing of
---------------------------------------------------------------------------- payroll cutoff and issuance of checks.
17. Notes Payable 0 0 --------------------------------------------
----------------------------------------------------------------------------
18. Professional Fees (85,427) (26,694) d
----------------------------------------------------------------------------
19. Secured Debt 6,923,352 7,111,900 b
----------------------------------------------------------------------------
20. Due to Affiliates & Insiders 0 0
----------------------------------------------------------------------------
21. Other (Attach List) 2,798,623 4,231,651
----------------------------------------------------------------------------
22. Total Postpetition Liabilities 7,706,263 5,270,387
----------------------------------------------------------------------------
PREPETITION LIABILITIES
----------------------------------------------------------------------------
23. Secured Debt 100,086,357 100,055,844 e
----------------------------------------------------------------------------
24. Priority Debt 0 0
----------------------------------------------------------------------------
25. Unsecured Debt 0 0
----------------------------------------------------------------------------
26. Other (Attach List) 87,804,577 89,840,379
----------------------------------------------------------------------------
27. Total Prepetition Liabilities 187,890,934 189,896,223
----------------------------------------------------------------------------
27a. Reclass from asset section (10,654,200) (10,654,200)
----------------------------------------------------------------------------
28. Total Liabilities 184,942,997 184,512,410
----------------------------------------------------------------------------
EQUITY
----------------------------------------------------------------------------
29. Owner's Prepetition Equity (75,220,952) (75,220,952)
----------------------------------------------------------------------------
30. Postpetition Cumulative Profit or (Loss (4,734,013) (7,753,786)
----------------------------------------------------------------------------
31. Total Equity (Deficit) (79,954,965) (82,974,738)
----------------------------------------------------------------------------
32. Total Liabilities & Owner's Equity 104,988,032 101,537,672
----------------------------------------------------------------------------
</TABLE>
<PAGE> 5
DEBTOR: GENICOM CORPORATION
ACCRUAL BASIS - 2a
CASE NUMBER: 00-1383
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------
Prepetition Post Petition Total
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
LIABILITIES
CURRENT DEBT
201101 CURRENT DEBT - NATIONS TERM A
201103 CURRENT DEBT - NATIONS TERM B
201199 CURRENT DEBT - OTHER
TOTAL 5,000,000 e 7,111,900 b 12,111,900
ACCOUNTS PAYABLE
210001 ACCOUNTS PAYABLE - TRADE
210003 ACCOUNTS PAYABLE - CLEARING
210004 ACCOUNTS PAYABLE - UNINVOICED RECEIPTS - CO
210005 ACCOUNTS PAYABLE - UNINVOICED RECEIPTS - I
210007 ACCOUNTS PAYABLE - UNINVOICED RECEIPTS - EX
210008 ACCOUNTS PAYABLE - UNINVOICED RECEIPTS - SU
210009 ACCOUNTS PAYABLE - TRADE ACCRUAL
210011 ACCOUNTS PAYABLE - ACCRUAL TI
210013 ACCOUNTS PAYABLE - MCS
210015 ACCOUNTS PAYABLE - DIGITAL
210999 ACCOUNTS PAYABLE - OTHER
TOTAL 45,386,595 (6,502,238) a 38,884,357
WARRANTY RESERVE
211003 WARRANTY RESERVE - DSC
211011 WARRANTY RESERVE - DATA TERMINAL LABOR
211013 WARRANTY RESERVE - DATA TERMINAL MATERIAL
TOTAL 771,568 141,979 913,548
OTHER LIABILITIES
212001 OTHER LIABILITIES - MDF / COOP 726,875 75,325 802,200
212007 OTHER LIABILITIES - SALES & USE TAX (200,624) 72,127 c (128,497)
212015 OTHER LIABILITIES - REAL ESTATE TAX 7,814 0 7,814
212017 OTHER LIABILITIES - PERSONAL PROPERTY TAX 183,493 0 183,493
212019 OTHER LIABILITIES - FRANCHISE / CAPITAL TA 5,170 0 5,170
212021 OTHER LIABILITIES - OTHER TAX 116,239 6000 c 122,239
212023 OTHER LIABILITIES - ROYALTY 32,134 (79,878) (47,744)
212025 OTHER LIABILITIES - PROFESSIONAL FEES 233,001 (26,694) d 206,307
212029 OTHER LIABILITIES - UTILITIES 358,000 0 358,000
212031 OTHER LIABILITIES - PRESIDENT'S CLUB 457,994 45,750 503,744
212033 OTHER LIABILITIES - EMPLOYEE RELOCATION 75,892 0 75,892
212035 OTHER LIABILITIES - ENVIRONMENTAL 725,204 (8,715) 716,489
212037 OTHER LIABILITIES - BANK SERVICE CHARGES 38,164 83,058 121,222
212039 OTHER LIABILITIES - TRAVEL 208,349 133,882 342,231
212041 OTHER LIABILITIES - CAPITAL LEASES 340,011 0 340,011
212043 OTHER LIABILITIES - RESTRUCTURE 320,637 (61,603) 259,034
212045 OTHER LIABILITIES - REBATES 113,270 12,234 125,504
212047 OTHER LIABILITIES - INTEREST - NATIONS TER 2,396,000 380,000 2,776,000
212049 OTHER LIABILITIES - INTEREST - NATIONS TER 611,000 97,000 708,000
212051 OTHER LIABILITIES - INTEREST - REVOLVER 3,761,000 584,282 4,345,282
212063 OTHER LIABILITIES - RENT 373,000 0 373,000
212101 OTHER LIABILITIES - TRAVEL AIRLINE (168,744) 30,958 (137,786)
212105 OTHER LIABILITIES - TRAVEL OTHER 0 5,497 5,497
212999 OTHER LIABILITIES - OTHER 3,364,926 78,678 3,443,604
TOTAL 14,078,805 1,427,901 15,506,707
PAYROLL LIABILITIES
WAGES & SALARIES
213101 PAYROLL LIABILITIES - WAGES/SALARIES 0 931,683 931,683
213103 PAYROLL LIABILITIES - VACATION ACCRUAL 17,062 3,405 20,467
213105 PAYROLL LIABILITIES - INCENTIVE COMPENSATI 150,000 75,000 225,000
213107 PAYROLL LIABILITIES - SEVERANCE 19,792 (7,323) 12,469
213109 PAYROLL LIABILITIES - SALESMEN COMMISSION A 222,000 0 222,000
TOTAL 408,854 1,002,764 1,411,619
EMPLOYER LIABILITIES
213201 ACCRUED BENEFITS - 401K 751,241 320,551 1,071,792
213203 ACCRUED BENEFITS - PENSION 33,000 0 33,000
213204 ACCRUED BENEFITS - FASB 112 111,395 0 111,395
213205 ACCRUED BENEFITS - SOCIAL SECURITY 62,115 31,124 c 93,239
2132O7 ACCRUED BENEFITS - FEDERAL UNEMPLOYMENT 3,858 (3,591) c 267
213209 ACCRUED BENEFITS - STATE UNEMPLOYMENT TAX 24,497 (20,876) c 3,621
213211 ACCRUED BENEFITS - FAS 106 MEDICAL 2,931,139 156,335 3,087,474
213213 ACCRUED BENEFITS - FAS 106 LIFE 551,066 96,016 647,082
213217 ACCRUED BENEFITS - WORKERS COMPENSATION 21,000 0 21,000
213219 ACCRUED BENEFITS - SUBSEQUENT YEAR VACATION 1 468 805 0 1,468,805
213221 ACCRUED BENEFITS - LIFE/DISABILITY 0 0 0
213223 ACCRUED BENEFITS - MEDICAL / DENTAL 1,188,026 36,974 1,225,000
213225 ACCRUED BENEFITS - BENEFITS CONSULTING 17,856 12,144 30,000
213299 ACCRUED BENEFITS - ALLOCATED PAYROLL BENEFITS 826,457 627,301 1,453,758
------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 6
DEBTOR: GENICOM CORPORATION
ACCRUAL BASIS - 2a
CASE NUMBER: 00-1383
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
PREPETITION POST PETITION TOTAL
<S> <C> <C> <C>
TOTAL 7,990,455 1,255,976 9,246,433
EMPLOYEE PAYROLL WITHHOLDINGS
213301 PAYROLL WITHHOLDINGS - PENSION 0 142 142
213303 PAYROLL WITHHOLDINGS - 401K 0 92,807 92,807
213305 PAYROLL WITHHOLDINGS - SAVINGS PLAN 801 137 938
213307 PAYROLL WITHHOLDINGS - MEDICAL/DENTAL INSU 0 0 0
213309 PAYROLL WITHHOLDINGS - PRE - TAX BENEFITS 0 0 0
213311 PAYROLL WITHHOLDINGS - LIFE / DISABILITY I 0 0 0
213313 PAYROLL WITHHOLDINGS - MISCELLANEOUS DUES 83 0 83
213315 PAYROLL WITHHOLDINGS - COURT ORDERED WITH 5,366 805 6,171
213317 PAYROLL WITHHOLDINGS - STOCK PLAN 647 0 647
213319 PAYROLL WITHHOLDINGS - BONDS 207 65 272
TOTAL 7,104 93,955 101,059
EMPLOYEE TAX WITHHOLDINGS
213401 PAYROLL TAX W/H - SOCIAL SECURITY 0 105,828 c 105,828
2134O3 PAYROLL TAX W/H - FEDERAL 0 211,358 c 211,358
213405 PAYROLL TAX W/H - STATE 0 50,897 c 50,897
213407 PAYROLL TAX W/H - LOCAL 0 2,185 c 2,185
213409 PAYROLL TAX W/H - DISABILITY 0 716 716
TOTAL 0 370,984 370,984
TOTAL PAYROLL LIABILITIES 8,406,414 2,723,682 11,130,095
DEFERRED INCOME
221011 DEFERRED INCOME - INTEGRATION SERVICES
221013 DEFERRED INCOME - LEASING SERVICES
221017 DEFERRED INCOME - NETWORK PROFESSIONAL SERV
221021 DEFERRED INCOME - REMEDIAL MAINTENANCE SERV
221023 DEFERRED INCOME - SUPPORT CENTER SERVICES
221031 DEFERRED INCOME - DEPOT REPAIR SERVICES
221999 DEFERRED INCOME - OTHER
TOTAL 6,358,627 536,091 6,894,718
CORPORATION TAX LIABILITY
223001 CORPORATION TAX LIABILITY - FEDERAL 1,592,000 0 1,592,000
223003 CORPORATION TAX LIABILITY - STATE 56,962 17,992 74,954
223999 CORPORATION TAX LIABILITY - OTHER 9,217,157 0 9,217,157
TOTAL 10,866,120 17,992 10,884,112
TOTAL CURRENT LIABILITIES 90,868,129 5,457,307 96,325,436
LONG TERM DEBT
270001 LONG TERM DEBT - NATIONS TERM B 36,500,000 0 36,500,000
270003 LONG TERM DEBT - NATIONS TERM A 6,500,000 0 6,500,000
270005 LONG TERM DEBT - NATIONS REVOLVE 61,226,993 0 61,226,993
270999 LONG TERM DEBT - OTHER (9,171,148) 0 (9,171,148)
TOTAL 95,055,845 e 0 95,055,845
OTHER LONG TERM LIABILITIES
280001 OTHER LONG TERM LIABILITIES - RENT 53,755 30,928 84,683
280003 OTHER LONG TERM LIABILITIES - FAS 106 MEDIC 3,357,855 0 3,357,855
280005 OTHER LONG TERM LIABILITIES - FAS 106 LIFE 1,384,895 0 1,384.895
280007 OTHER LONG TERM LIABILITIES - PENSION ASSET (498,522) 0 (498,522)
280009 OTHER LONG TERM LIABILITIES - EDS CHARGES (523,087) (20,493) (543,580)
TOTAL 3,774,896 10,435 3,785,331
TOTAL LONG TERM LIABILITIES 98,830,740 10,435 98,841,175
TOTAL LIABILITIES 189,698,869 5,467,742 195,166,611
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 7
DEBTOR: GENICOM CORPORATION
ACCRUAL BASIS-3
CASE NUMBER: 00-1383
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------
REVENUE MARCH-00 APRIL-00
-----------------------------------------------------------------------------------------
<S> <C> <C>
1. Gross External Revenue 8,033,583 11,402,981
-----------------------------------------------------------------------------------------
2. Less: Returns & Discounts 41,000 50,440
-----------------------------------------------------------------------------------------
3. Net Revenue 7,992,583 11,352,541
-----------------------------------------------------------------------------------------
COST OF GOODS SOLD
-----------------------------------------------------------------------------------------
4. Beginning Inventory
-----------------------------------------------------------------------------------------
5. Add: Purchases
-----------------------------------------------------------------------------------------
6. Less: Ending Inventory
-----------------------------------------------------------------------------------------
7. Cost of Goods Sold 7,870,929 9,894,433
-----------------------------------------------------------------------------------------
8. Gross Profit 121,654 1,458,108
-----------------------------------------------------------------------------------------
OPERATING EXPENSES
-----------------------------------------------------------------------------------------
9. Officer Compensation 88,005 77,145
-----------------------------------------------------------------------------------------
10. Direct Labor/Salaries 1,533,456 2,015,889
-----------------------------------------------------------------------------------------
11. Payroll Taxes and Benefits 487,362 644,450
-----------------------------------------------------------------------------------------
12. Rent/Lease Expense 133,542 132,067
-----------------------------------------------------------------------------------------
13. Insurance 58,657 52,600
-----------------------------------------------------------------------------------------
14. Depreciation/Depletion/Amort 207,232 202,871
-----------------------------------------------------------------------------------------
15. General & Administrative 747,916 1,108,450
-----------------------------------------------------------------------------------------
16a. Other Engineering 192,543 (122,826)
-----------------------------------------------------------------------------------------
16b. Other Marketing & Selling 463,211 361,128
-----------------------------------------------------------------------------------------
17. Total Operating Expenses 3,911,924 4,471,774
-----------------------------------------------------------------------------------------
18. Operating Income (3,790,270) (3,013,666)
-----------------------------------------------------------------------------------------
OTHER INCOME & EXPENSE
-----------------------------------------------------------------------------------------
19. Other Income (Attach List) 105,397 55,047
-----------------------------------------------------------------------------------------
20. Other Expenses (Attach List)
-----------------------------------------------------------------------------------------
21. Interest Income/ (Expense) (1,049,140) (51,154)
-----------------------------------------------------------------------------------------
22. Other (Attach List)
-----------------------------------------------------------------------------------------
23. Net Other Income & Expense (943,743) 3,893
-----------------------------------------------------------------------------------------
REORGANIZATION EXPENSE
-----------------------------------------------------------------------------------------
24. Professional Fees
-----------------------------------------------------------------------------------------
25. U.S. Trustee Fees 10,000
-----------------------------------------------------------------------------------------
26. Other (Attach List)
-----------------------------------------------------------------------------------------
27. Total Reorganization Expenses 10,000
-----------------------------------------------------------------------------------------
28. Income Tax
-----------------------------------------------------------------------------------------
29. Net Profit (Loss) (4,734,013) (3,019,773)
-----------------------------------------------------------------------------------------
</TABLE>
<PAGE> 8
DEBTOR: GENICOM CORPORATION
ACCRUAL BASIS-5
CASE NUMBER: 00-1383
<TABLE>
<CAPTION>
------------------------------------------------------------------------------
ACCOUNTS RECEIVABLE AGING APRIL-00
------------------------------------------------------------------------------
<S> <C>
0-30 days old 17,027,000
------------------------------------------------------------------------------
31-60 days old 3,089,000
------------------------------------------------------------------------------
61-90 days old 1,397,000
------------------------------------------------------------------------------
> 90 days 5,560,000
------------------------------------------------------------------------------
Total Accounts Receviable 27,073,000
------------------------------------------------------------------------------
Amount Considered Uncollectible (2,981,853)
------------------------------------------------------------------------------
Accounts Receivable (Net) 20,693,350
------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------
AGING OF POSTPETITION ACCOUNTS PAYABLE
------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
0-30 31-60 61-90 91+
DAYS DAYS DAYS DAYS TOTAL
-------------------------------------------------------------------------- ---------
Accounts Payable (4,023,844) (2,478,394) (6,502,238)
------------------------------------------------------------------------------------
</TABLE>
() numbers represent debit balance.
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------
STATUS OF POSTPETITION TAXES
---------------------------------------------------------------------------------------------
BEGINNING AMOUNT ENDING
TAX WITHHELD OR AMOUNT TAX DELINQUENT
LIABILITY ACCRUED PAID LIABILITY TAXES
---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
FEDERAL
---------------------------------------------------------------------------------------------
Withholding 106,632 698,643 593,917 211,358 0
---------------------------------------------------------------------------------------------
FICA-Employee 55,868 344,639 294,679 105,828 0
---------------------------------------------------------------------------------------------
FICA-Employer (6,249) 382,011 344,639 31,123 0
---------------------------------------------------------------------------------------------
Unemployment 3,657 811 8,058 (3,590) 0
---------------------------------------------------------------------------------------------
Income 0 0 0
---------------------------------------------------------------------------------------------
Other (Attach List) 0
---------------------------------------------------------------------------------------------
Total Federal Taxes 159,908 1,426,104 1,241,293 344,719 0
---------------------------------------------------------------------------------------------
STATE/LOCAL
---------------------------------------------------------------------------------------------
Withholding 28,308 178,892 154,118 53,082 0
---------------------------------------------------------------------------------------------
Sales & Use 45,336 165,705 132,914 78,127 0
---------------------------------------------------------------------------------------------
Excise
---------------------------------------------------------------------------------------------
Unemployment (18,716) 17,753 19,914 (20,877) 0
---------------------------------------------------------------------------------------------
Real Property 0 155 7,447 (7,292) 0
---------------------------------------------------------------------------------------------
Personal Property 0 Included in above
---------------------------------------------------------------------------------------------
Other (Attach List) 0
---------------------------------------------------------------------------------------------
Total State & Local 54,928 362,505 314,393 103,040 0
---------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
Total Taxes 214,836 1,788,609 1,555,686 447,759 0
---------------------------------------------------------------------------------------------
</TABLE>
( ) numbers represent debit balance
<PAGE> 9
DEBTOR: GENICOM CORPORATION
ACCRUAL BASIS-6
CASE NUMBER: 00-1383
The debtor in possession must complete the reconciliation below for each bank
account, including all general, payroll and tax accounts, as well as all savings
and investment accounts, money market accounts, certificates of deposit,
government obligations, etc. Accounts with restricted funds should be identified
by placing as asterisk next to the account number. Attach additional sheets of
necessary.
-----------------------------------
BANK RECONCILIATIONS APRIL 2000
---------------------------------------------------
Account #1 Account #2 Account #3 TOTAL
------------------------------------------------------------------------------
A. Bank
---------------
B. Account Number INFORMATION RECONCILING MARCH'S
---------------
C. Purpose BANK STATEMENTS ATTACHED.
---------------
-----------------------------------
1. Balance per bank statement
-----------------------------------
2. + Total deposits not credited
-----------------------------------
3. - Outstanding checks
-----------------------------------
4. +/- Other reconciling items
(Attach List)
------------------------------------------------------------------------------
5. Month end balance per books
------------------------------------------------------------------------------
6. Number of last check written
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
INVESTMENT ACCOUNTS APRIL 2000
---------------------------------------------------------------------------------------------
DATE OF TYPE OF PURCHASE CURRENT
BANK, ACCOUNT, NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE
---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
7.
---------------------------------------
8.
---------------------------------------
9. NONE
---------------------------------------
10.
---------------------------------------
11.
---------------------------------------------------------------------------------------------
</TABLE>
------------------------------------------------------------------------------
CASH
------------------------------------------------------------------------------
12. CURRENCY ON HAND
------------------------------------------------------------------------------
------------------------------------------------------------------------------
13. TOTAL CASH - END OF MONTH
------------------------------------------------------------------------------
<PAGE> 10
DEBTOR: GENICOM CORPORATION
ACCRUAL BASIS - 6a
CASE NUMBER 00-1383
<TABLE>
<CAPTION>
CHECKS
DEPOSITS DEPOSITS NOT
BANK NOT NOT REFLECTED OUTSTANDING REFLECTED CASH
BANK ACCOUNT BALANCE CREDITED IN G/L CHECKS IN G/L ON HAND
---- ------- ------- -------- ------ ------ ------ -------
<S> <C> <C> <C> <C> <C> <C> <C>
Bank of America 3750821183 1,543.41 0.00 0.00 0.00 1,151.16 30.15
Bank One 621541895 16,044.87 0.00 (43,523.66) (3,742.71) 35,919.27 585.37
Bank of America 3751013589 1,377.46 0.00 0.00 (55.00) 112,795.22 90.48
Bank of America 3750050116 37,982.49 (296.42) 0.00 (7,558.42) 59,881.92 46.73
Bank of America 7191326094 453.87 0.00 0.00 0.00 0.00 0.00
Bank of America 3751013602 0.00 0.00 0.00 0.00 1,000 0.00
Bank of America 50353574 3,869.79 0.00 0.00 (262.50) 2,736.30 0.00
Bank of America 3750879368 893,793.89 0.00 0.00 0.00 0.00 0.00
Bank of America 3751013563 15,786.35 0.00 0.00 0.00 0.00 0.00
Bank of America 3299939803 0.00 0.00 0.00 (889,847.77) 0.00 0.00
Bank of America 3750644623 795,963.84 0.00 0.00 0.00 0.00 0.00
Crestar 205182592 1,278.20 0.00 (2,173.48) 0.00 0.00 0.00
First Union 2000007817744 973.21 0.00 0.00 0.00 0.00 0.00
Citibank 38363966/38363958 141,795.16 0.00 (22,108.01) (207,089.00) 589,640.73 0.00
Bank of America 3751013550 56,805.42 163,882.52 (5,523.17) 0.00 56,786.45 0.00
</TABLE>
<TABLE>
<CAPTION>
OTHER
RECONCILING BALANCE
BANK ITEMS PER G/L EXPLANATION OF RECONCILIATION ITEMS
---- ----- ------- -----------------------------------
<S> <C> <C> <C>
Bank of America 264.43 2,989.15
Bank One (8.81) 5,274.33
Bank of America (15,855.56) 98,352.60
Bank of America 158.85 90,215.15
Bank of America 25.70 479.57
Bank of America 0.00 1,000.00 SEE ATTACHED
Bank of America 21.00 6,364.59
Bank of America 0.00 893,793.89
Bank of America (8,953.56) 6,832.79
Bank of America (3,013.84) (892,861.61)
Bank of America 86,424.61 882,388.45
Crestar 117,006.44 116,111.16
First Union (188,561.00) (187,587.79)
Citibank (40,380.08) 461,858.80
Bank of America 51,729.91 323,681.13
</TABLE>
<PAGE> 11
DEBTOR: GENICOM CORPORATION
ACCRUAL BASIS - 7
CASE NUMBER: 00-1383
--------------------------------------------------------------------------------
PAYMENTS TO INSIDERS AND PROFESSIONALS
--------------------------------------------------------------------------------
Of the total distributions shown for the month, list the amount paid to insiders
(as defined in Section 101(31)(A)-(F) of the U.S. Bankruptcy Code) and to
professionals. For payments to insiders, identify the type of compensation paid
(e.g. salary, bonus, commission, insurance, housing allowance, travel, car
allowance, etc.) Attach additional sheets if necessary.
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
INSIDERS
-----------------------------------------------------------------------------------------------------------
Type of Amount
Name Position Payment Paid
-----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SEE ATTACHED
-----------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
PROFESSIONALS
----------------------------------------------------------------------------------------------------------------------------
Type of Date of Court Order Amount Amount Monthly
Name Professional Authorizing Payment Approved Paid Accrual
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1. Monthly Accrual Legal $25,000.00
----------------------------------------------------------------------------------------------------------------------------
2. US Trustee Legal $ 10,000.00
----------------------------------------------------------------------------------------------------------------------------
3. Monthly Accrual Auditing/Accnting $30,400.00
----------------------------------------------------------------------------------------------------------------------------
4. Monthly Accrual Director's Fees $ 3,333.00
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------
ADEQUATE PROTECTION PAYMENTS
---------------------------------------------------------------------------------------------------------
Scheduled Monthly Amounts Total Unpaid
Name of Creditor Payments Due Paid During Month Postpetition
---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1.
---------------------------------------------------------------------------------------------------------
2.
---------------------------------------------------------------------------------------------------------
3.
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</TABLE>
<PAGE> 12
DEBTOR: GENICOM CORPORATION
ACCRUAL BASIS - 7a
CASE NUMBER: 00-1383
<TABLE>
<CAPTION>
CAR HOUSING
SALARY VACATION ALLOWANCE ALLOWANCE COMMISSIONS TOTAL
------ -------- --------- --------- ----------- -----
<S> <C> <C> <C> <C> <C> <C>
P. Winn 0.00 0.00 0.00 0.00 0.00 0.00
J. Gale 0.00 0.00 0.00 0.00 0.00 0.00
J. LeFevere 9,353.85 492.31 0.00 0.00 0.00 9,846.16
J. McWilson 10,769.23 0.00 460.00 0.00 22,658.53 33.887.76
R. Marks 9,621.56 0.00 460.00 0.00 0.00 10,081.56
B. Wilson 9,846.16 12,307.68 391.00 784.59 0.00 23,329.43
--------------------------------------------------------------------------------------------------------------
Total $39,590.80 $12,799.99 $1,311.00 $784.59 $22,658.53 $77,144.91
</TABLE>
<PAGE> 13
DEBTOR: GENICOM CORPORATION
ACCRUAL BASIS - 8
CASE NUMBER: 00-1383
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
QUESTIONNAIRE YES NO
----------------------------------------------------------------------------------------------------
<S> <C> <C>
1. Have any assets been sold or transferrd outside the normal course of business
this reporting period? X
----------------------------------------------------------------------------------------------------
2. Have any funds been disbursed from any account other than a debtor in possession
account? X
----------------------------------------------------------------------------------------------------
3. Are any postpetition receivables (accounts, notes or loans) due from related
parties? X
----------------------------------------------------------------------------------------------------
4. Have any payments been made on prepetition liabilities this reporting period? X
----------------------------------------------------------------------------------------------------
5. Have any postpetition loans been received by the debtor from any party? X
----------------------------------------------------------------------------------------------------
6. Are any postpetition payroll taxes past due? X
----------------------------------------------------------------------------------------------------
7. Are any postpetition state or federal income taxes past due? X
----------------------------------------------------------------------------------------------------
8. Are any postpetition real estate taxes past due? X
----------------------------------------------------------------------------------------------------
9. Are any other postpetition taxes past due? X
----------------------------------------------------------------------------------------------------
10. Are any amounts owed to postpetition creditors past due? X
----------------------------------------------------------------------------------------------------
11. Have any prepetition taxes been paid during the reporting period? X
----------------------------------------------------------------------------------------------------
12. Are any wage payments past due? X
----------------------------------------------------------------------------------------------------
</TABLE>
If the answer to any of the above questions is "YES", provide a detailed
explanation of each item. Attach additional sheets if necessary.
SEE ATTACHED
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
INSURANCE YES NO
----------------------------------------------------------------------------------------------------
<S> <C> <C>
1. Are worker's compensation, general liability and other necessary insurance
coverages in effect? X
----------------------------------------------------------------------------------------------------
2. Are all premium payments paid current? X
----------------------------------------------------------------------------------------------------
3. Please itemize policies below (REFER TO INITIAL U.S. TRUSTEE REPORT SUBMITTED ON MARCH 29, 2000
----------------------------------------------------------------------------------------------------
</TABLE>
If the answer to any of the above questions is "NO", or if any policies have
been canceled or not renewed during this reporting period, provide explanation
below. Attach additional sheets if necessary.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
INSTALLMENT PAYMENTS
----------------------------------------------------------------------------------------------------
PAYMENT AMOUNT
TYPE OF POLICY CARRIER PERIOD COVERED & FREQUENCY
----------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
----------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 14
DEBTOR: GENICOM CORPORATION
ACCRUAL BASIS - 8a
CASE NUMBER: 00-1383
Apr-00
3. Yes, related to intercompany transactions between GENICOM U.S. and
it's foreign subsidiaries as goods are shipped to GENICOM
Transglobal, it's international warehouse.
4. Pursuant to court approved motion to authorize Debtor to pay
certain prepetition compensation & related benefits.
5. Pursuant to court authorized DIP postpetition loan facility
established in March; DIP facility fully drawn as of 5/7/00
<PAGE> 15
DEBTOR: GENICOM CORPORATION
ACCRUAL BASIS - 9
CASE NUMBER: 00-1383
Apr-00
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------
PERSONAL
------------------------------------------------------------------------------------------------
FULL TIME PART TIME
------------------------------------------------------------------------------------------------
<S> <C>
1. Total Number of employees at beginning of period 753
------------------------------------------------------------------------------------------------
2. Number of employees hired during the period 10
------------------------------------------------------------------------------------------------
3. Number of employees terminated or resigned during the period 192
------------------------------------------------------------------------------------------------
4. Total number of employees on payroll at end of period 571
------------------------------------------------------------------------------------------------
</TABLE>
--------------------------------------------------------------------------------
CHANGE OF ADDRESS
--------------------------------------------------------------------------------
If your mailing address has changed and you have not previously notified the
United States Trustees of the change, list your new address below
Date of Change 5/5/2000
------------------------------------------------------------
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New Address 4500 Daly Drive, Suite 100
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Chantilly, Virginia 20151
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