GTS DURATEK INC
10-K/A, 1996-07-10
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                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20552
                               -------------------

                                   FORM 10-K/A

                                 AMENDMENT NO. 1

|X|  ANNUAL REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES  EXCHANGE
     ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 1995



|_|  TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR  15(d)  OF THE  SECURITIES
     EXCHANGE  ACT OF 1934  FOR  THE  TRANSITION  PERIOD  FROM  ____________  TO
     ______________


                         Commission File Number 0-14292

                                GTS DURATEK, INC.
                                -----------------
             (Exact name of registrant as specified in its charter)
                 Delaware                            22-2476180
                 --------                            ----------
   (State or other jurisdiction of        I.R.S. Employer Identification Number)
    of incorporation or organization) 

8955 Guilford Road, Suite 200, Columbia, Maryland                      21046
- -------------------------------------------------                      -----
   (Address of principal executive offices)                        (Zip code)
Registrant's telephone number, including area code:  (410) 312-5100


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

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

                     Common Stock, Par Value $0.01 Per Share
                                (Title of class)

     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 18, 1996, the aggregate  market value of the  outstanding  shares of
the Registrant's Common Stock, par value $0.01 per share, held by non-affiliates
was  approximately  $70,282,498 based on the average closing price of the Common
Stock as reported on Nasdaq Stock Market's National Market on March 18, 1996.

Indicate the number of shares outstanding of each of the Registrant's classes of
Common Stock, as of the most recent practicable date.

             Class                            Outstanding at March 18 , 1996
             -----                           ------------------------------
   Common Stock, par value $0.01 per share            9,585,653 shares

- -------------------------------------------------------------------------------
Documents Incorporated by Reference:

         Part III - Proxy Statement for 1996 Annual Meeting of Stockholders


<PAGE>

     This Form 10-K/A Amendment No. 1 is filed to amend Exhibit 23 of Item 14 of
the Annual Report on Form 10-K filed by GTS Duratek, Inc. on March 19, 1996.

                                     PART IV

Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K


     23 Consent of KPMG Peat Marwick LLP (filed herewith).

     (c) The following is a list of exhibits filed herewith.

Exhibit No.          Document                     Sequentially Numbered Page
- -----------          --------                     --------------------------


   23         Consent of KPMG Peat Marwick LLP



<PAGE>


                                   SIGNATURES

     Pursuant  to the  requirements  of  Section  13 or 15(d) 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.

                                   GTS DURATEK, INC.

Dated:   July 10, 1996

                                   By:  /s/ Robert E. Prince
                                         -------------------------
                                         Robert E. Prince
                                         President and Chief Executive Officer


     Pursuant to the  requirements of the Securities  Exchange Act of 1934, this
report  has  been  signed  below  by the  following  persons  on  behalf  of the
registrant and in the capacity and on the dates indicated.

                                   Principal Executive Officer:


July 10, 1996                       /s/ Robert E. Prince
                                   -------------------------
                                   Robert E. Prince
                                   President and Chief Executive Officer

                                   Principal Financial Officer:


July 10, 1996                      /s/ Robert F. Shawver
                                   -------------------------
                                   Robert F. Shawver
                                   Executive Vice President and Chief
                                   Financial Officer


                                   Principal Accounting Officer:


July 10, 1996                      /s/ Craig T. Bartlett
                                   -------------------------
                                   Craig T. Bartlett
                                   Controller and Treasurer



<PAGE>


                                   A Majority of the Board 
                                   of Directors:


July 10, 1996                      /s/ Daniel A. D'Aniello
                                   -------------------------
                                   Daniel A. D'Aniello


July 10, 1996                      /s/ William E. Conway, Jr.
                                   -------------------------
                                   William E. Conway


July 10, 1996                      /s/ Jerome I. Feldman
                                   -------------------------
                                   Jerome I. Feldman


July 10, 1996                      /s/ Steven J. Gilbert
                                   -------------------------
                                   Steven J. Gilbert


July 10, 1996                      /s/ Martin M. Pollak
                                   -------------------------
                                   Martin M. Pollak


July 10, 1996                      /s/ Robert E. Prince
                                   -------------------------
                                   Robert E. Prince


July 10, 1996                      /s/ Earle C. Williams
                                   -------------------------
                                   Earle C. Williams




<PAGE>



                                   Exhibit 23

                         CONSENT OF INDEPENDENT AUDITORS




The Board of Directors
GTS Duratek, Inc.:


     We consent to incorporation by reference in the registration  statements on
Form S-8 (No.  33-5878),  Form S-8 (No. 33-60075) and Form S-2 (No. 33-71208) of
GTS  Duratek,  Inc.  of  our  report  dated  March  1,  1996,  relating  to  the
consolidated balance sheets of GTS Duratek, Inc. and subsidiaries as of December
31,  1994  and 1995  and the  related  consolidated  statements  of  operations,
stockholders'  equity, and cash flows and related schedule for each of the years
in the three-year  period ended  December 31, 1995,  which report appears in the
December 31, 1995 annual report on Form 10-K of GTS Duratek, Inc.



                                          /s/ KPMG Peat Marwick LLP


Baltimore, Maryland
March 18, 1996




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