<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------------------
FORM 11-K
ANNUAL REPORT
Pursuant to Section 15(d) of the
Securities Exchange Act of 1934
COMMISSION FILE NUMBER
1-9654
OHM Corporation
(Issuer of the Securities held pursuant to the Plan)
OHM Corporation Retirement Savings Plan
(Full Title of Plan)
16406 U.S. ROUTE 224 EAST, FINDLAY, OH 45840
(Address of principal executive offices) (Zip Code)
(419) 423-3529
(Registrant's telephone number, including area code)
(Mark One):
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
X SECURITIES EXCHANGE ACT OF 1933 (FEE REQUIRED)
- -------- For the fiscal year ended December 31, 1995
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934 (NO FEE
REQUIRED)
For the transmission period from to
- -------- --------- ---------
<PAGE> 2
REQUIRED INFORMATION
The following financial statements for the OHM Corporation Retirement Savings
Plan are being filed herewith:
Description Page No.
Audited Financial Statements:
Report of Independent Auditors.............................. Page 1
Statements of Net Assets Available for Plan Benefits........ Page 2
Statements of Changes in Net Assets Available for Plan
Benefits............................................... Page 4
Notes to Financial Statements............................... Page 6
Schedules
Assets Held for Investment.................................. Page 11
Transactions or Series of Transactions in Excess of 5% of
the Current Value of Plan Assets....................... Page 12
The following exhibit will be filed herewith:
Exhibit No. Description Page No.
1 Consent of Independent Auditors Page 15
<PAGE> 3
Report of Independent Auditors
Board of Directors
OHM Corporation Retirement Savings Plan
We have audited the accompanying statements of net assets available for plan
benefits of OHM Corporation Retirement Savings Plan as of December 31, 1995 and
1994, and the related statements of changes in net assets available for plan
benefits for the years then ended. These financial statements are the
responsibility of the Plan's management. Our responsibility is to express an
opinion on these financial statements based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for plan benefits of the Plan at
December 31, 1995 and 1994, and the changes in its net assets available for plan
benefits for the years then ended, in conformity with generally accepted
accounting principles.
Our audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The accompanying supplemental schedules
of assets held for investment as of December 31, 1995 and transactions or series
of transactions in excess of 5% of the current value of plan assets for the year
then ended, are presented for purposes of complying with the Department of
Labor's Rules and Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974, and are not a required part of the basic
financial statements. The supplemental schedules have been subjected to the
auditing procedures applied in our audit of the basic financial statements and,
in our opinion, are fairly stated in all material respects in relation to the
1995 basic financial statements taken as a whole.
ERNST & YOUNG LLP
Columbus, Ohio
June 7, 1996
1
<PAGE> 4
OHM CORPORATION RETIREMENT SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
DECEMBER 31, 1995
<TABLE>
<CAPTION>
(NCB) (NCB)
OHM STABLE AGGRESSIVE (NCB)
EMPLOYER VALUE GROWTH BALANCE
STOCK FUND FUND FUND FUND
-------------------------------------------------------------------------
ASSETS
<S> <C> <C> <C> <C>
Investments:
Interest bearing cash deposits
(overdrafts) $ (3,804) $ - $ (7,600) $ (6,316)
Armada Money Market Portfolio 8,809 13,175 12,600 11,317
OHM Common Stock 2,625,418 - - -
LaSalle Income Plus Fund - 6,745,725 - -
Putnam Voyager Fund - - 8,593,281 -
Fidelity Balanced Fund - - - 5,331,344
S&P 500 Flagship Fund - - - -
Loans to participants - - - -
-------------------------------------------------------------------------
Total investments 2,630,423 6,758,900 8,598,281 5,336,345
Receivables:
Contribution/interest receivable 206,529 160,256 151,282 84,648
Due from (to) other funds 35,620 (126,673) 49,992 (144,222)
-------------------------------------------------------------------------
Total receivables 242,149 33,583 201,274 (59,574)
-------------------------------------------------------------------------
Total assets 2,872,572 6,792,483 8,799,555 5,276,771
Distribution/refunds payable (53,763) (91,260) (342,699) (84,232)
Other liabilities (3,134) (5,823) (1,391) (549)
-------------------------------------------------------------------------
Total liabilities (56,897) (97,083) (344,090) (84,781)
-------------------------------------------------------------------------
Net assets available
for plan benefits $2,815,675 $6,695,400 $8,455,465 $5,191,990
=========================================================================
</TABLE>
<TABLE>
<CAPTION>
(NCB)
EQUITY
INDEX LOAN
FUND FUND TOTAL
-------------------------------------------------
ASSETS
<S> <C> <C> <C>
Investments:
Interest bearing cash deposits
(overdrafts) $ (4,527) $ - $ (22,247)
Armada Money Market Portfolio 9,527 - 55,428
OHM Common Stock - - 2,625,418
LaSalle Income Plus Fund - - 6,745,725
Putnam Voyager Fund - - 8,593,281
Fidelity Balanced Fund - - 5,331,344
S&P 500 Flagship Fund 5,462,059 - 5,462,059
Loans to participants - 2,039,291 2,039,291
-------------------------------------------------
Total investments 5,467,059 2,039,291 30,830,299
Receivables:
Contribution/interest receivable 83,047 - 685,762
Due from (to) other funds 36,183 149,100 -
-------------------------------------------------
Total receivables 119,230 149,100 685,762
-------------------------------------------------
Total assets 5,586,289 2,188,391 31,516,061
Distribution/refunds payable (58,922) (118,879) (749,755)
Other liabilities (1,652) - (12,549)
-------------------------------------------------
Total liabilities (60,574) (118,879) (762,304)
-------------------------------------------------
Net assets available
for plan benefits $5,525,715 $2,069,512 $30,753,757
=================================================
</TABLE>
See accompanying notes.
2
<PAGE> 5
OHM CORPORATION RETIREMENT SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
DECEMBER 31, 1994
<TABLE>
<CAPTION>
(NCB) (NCB)
OHM STABLE AGGRESSIVE (NCB)
EMPLOYER VALUE GROWTH BALANCE
STOCK FUND FUND FUND FUND
----------------------------------------------------------------------
ASSETS
<S> <C> <C> <C> <C>
Investments:
Interest bearing cash deposits
(overdrafts) $ (27,073) $ 308,125 $ (144,558) $ (61,439)
NCC Money Market Portfolio 68,584 1,531 744,148 485,617
OHM Common Stock 1,367,489 - - -
LaSalle Income Plus Fund - 4,223,626 - -
Putnam Voyager Fund - - 3,630,109 -
Fidelity Balanced Fund - - - 2,904,406
S&P 500 Flagship Fund - - - -
Loans to participants - - - -
----------------------------------------------------------------------
Total investments 1,409,000 4,533,282 4,229,699 3,328,584
Receivables:
Contribution/interest receivable 37,293 114,408 134,043 83,032
Due from (to) other funds 268,889 (87,693) (60,604) (111,065)
----------------------------------------------------------------------
Total receivables 306,182 26,715 73,439 (28,033)
----------------------------------------------------------------------
Total assets 1,715,182 4,559,997 4,303,138 3,300,551
Distribution/refunds payable (3,484) (97,966) (5,733) (29,378)
----------------------------------------------------------------------
Net assets available
for plan benefits $ 1,711,698 $ 4,462,031 $ 4,297,405 $ 3,271,173
======================================================================
</TABLE>
<TABLE>
<CAPTION>
(NCB)
EQUITY
INDEX LOAN
FUND FUND TOTAL
-------------------------------------------------
ASSETS
<S> <C> <C> <C>
Investments:
Interest bearing cash deposits
(overdrafts) $ (75,055) $ - $ -
NCC Money Market Portfolio 471,212 58 1,771,150
OHM Common Stock - - 1,367,489
LaSalle Income Plus Fund - - 4,223,626
Putnam Voyager Fund - - 3,630,109
Fidelity Balanced Fund - - 2,904,406
S&P 500 Flagship Fund 2,231,956 - 2,231,956
Loans to participants - 1,296,156 1,296,156
-------------------------------------------------
Total investments 2,628,113 1,296,214 17,424,892
Receivables:
Contribution/interest receivable 69,304 - 438,080
Due from (to) other funds (9,405) (122) -
-------------------------------------------------
Total receivables 59,899 (122) 438,080
-------------------------------------------------
Total assets 2,688,012 1,296,092 17,862,972
Distribution/refunds payable (8,112) (41,089) (185,762)
-------------------------------------------------
Net assets available
for plan benefits $ 2,679,900 $ 1,255,003 $ 17,677,210
=================================================
</TABLE>
See accompanying notes.
3
<PAGE> 6
OHM CORPORATION RETIREMENT SAVINGS PLAN
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS
YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
(NCB) (NCB)
OHM STABLE AGGRESSIVE (NCB)
EMPLOYER VALUE GROWTH BALANCE
STOCK FUND FUND FUND FUND
----------------------------------------------------------------------
ADDITIONS
<S> <C> <C> <C> <C>
Investment income (loss) $ (21,974) $ 310,585 $ 666,841 $ 186,605
Employee contributions 637,770 1,067,459 1,398,618 857,644
Employer contributions 1,205,178 111,548 159,844 98,053
Rollover 271,809 1,349,166 1,475,184 1,032,493
----------------------------------------------------------------------
Total additions 2,092,783 2,838,758 3,700,487 2,174,795
Deduction-benefits/distributions paid to plan
participants and beneficiaries (243,889) (624,647) (809,098) (324,977)
Other:
Net unrealized appreciation (depreciation) of
investments (666,372) - 1,502,979 361,121
Transfers in (out) (78,545) 19,258 (236,308) (290,122)
----------------------------------------------------------------------
Net increase (decrease) in deduction and other (988,806) (605,389) 457,573 (253,978)
----------------------------------------------------------------------
Change in net assets available for plan
benefits 1,103,977 2,233,369 4,158,060 1,920,817
Net assets available at December 31, 1994 1,711,698 4,462,031 4,297,405 3,271,173
----------------------------------------------------------------------
Net assets available at December 31, 1995 $2,815,675 $6,695,400 $8,455,465 $5,191,990
======================================================================
</TABLE>
<TABLE>
<CAPTION>
(NCB)
EQUITY
INDEX LOAN
FUND FUND TOTAL
-------------------------------------------------
ADDITIONS
<S> <C> <C> <C>
Investment income (loss) $ 855,623 $ - $ 1,997,680
Employee contributions 779,474 - 4,740,965
Employer contributions 84,401 - 1,659,024
Rollover 1,127,714 320,690 5,577,056
-------------------------------------------------
Total additions 2,847,212 320,690 13,974,725
Deduction-benefits/distributions paid to plan
participants and beneficiaries (358,247) (10,140) (2,370,998)
Other:
Net unrealized appreciation (depreciation) of
investments 275,092 - 1,472,820
Transfers in (out) 81,758 503,959 -
-------------------------------------------------
Net increase (decrease) in deduction and other (1,397) 493,819 (898,178)
-------------------------------------------------
Change in net assets available for plan
benefits 2,845,815 814,509 13,076,547
Net assets available at December 31, 1994 2,679,900 1,255,003 17,677,210
-------------------------------------------------
Net assets available at December 31, 1995 $5,525,715 $2,069,512 $30,753,757
=================================================
</TABLE>
See accompanying notes.
4
<PAGE> 7
OHM CORPORATION RETIREMENT SAVINGS PLAN
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS
YEAR ENDED DECEMBER 31, 1994
<TABLE>
<CAPTION>
(NCB) (NCB) (NCB)
OHM STABLE AGGRESSIVE (NCB) EQUITY (MELLON)
EMPLOYER VALUE GROWTH FUND BALANCE FUND INDEX INCOME
STOCK FUND FUND FUND FUND
------------------------------------------------------------------------------------
ADDITIONS
<S> <C> <C> <C> <C> <C> <C>
Investment income (loss) $ 618,224 $ 149,694 $ 25,453 $ 60,952 $ 20,097 $ (103,539)
Employee contributions 519,900 441,791 558,217 352,036 299,203 436,734
Employer contributions 160,759 142,930 181,243 122,422 102,335 153,270
Rollover 55,212 38,600 100,377 25,118 35,816 3,441
------------------------------------------------------------------------------------
Total additions 1,354,095 773,015 865,290 560,528 457,451 489,906
Deduction-benefits/distributions
paid to plan participants and
beneficiaries (294,744) (348,537) (53,940) (51,056) (28,790) (258,840)
Other:
Net unrealized appreciation
(depreciation) of investments (1,025,030) - 84,858 (108,811) 30,509 -
Transfers in (out) 93,931 4,037,553 3,401,197 2,870,512 2,220,730 (4,781,522)
------------------------------------------------------------------------------------
Net increase (decrease) in
deduction and other (1,225,843) 3,689,016 3,432,115 2,710,645 2,222,449 (5,040,362)
------------------------------------------------------------------------------------
Change in net assets available for
plan benefits 128,252 4,462,031 4,297,405 3,271,173 2,679,900 (4,550,456)
Net assets available at December
31, 1993 1,583,446 - - - - 4,550,456
------------------------------------------------------------------------------------
Net assets available at December
31, 1994 $ 1,711,698 $4,462,031 $4,297,405 $3,271,173 $2,679,900 $ -
====================================================================================
</TABLE>
<TABLE>
<CAPTION>
(MELLON)
(MELLON) BALANCE
GROWTH CONSERVATIVE LOAN
FUND FUND FUND TOTAL
---------------------------------------------------------
ADDITIONS
<S> <C> <C> <C> <C>
Investment income (loss) $ (139,939) $ (57,154) $ - $ 573,788
Employee contributions 579,980 432,349 - 3,620,210
Employer contributions 171,611 140,412 - 1,174,982
Rollover 27,325 9,610 - 295,499
---------------------------------------------------------
Total additions 638,977 525,217 - 5,664,479
Deduction-benefits/distributions
paid to plan participants and
beneficiaries (355,380) (217,719) (73,384) (1,682,390)
Other:
Net unrealized appreciation
(depreciation) of investments - - - (1,018,474)
Transfers in (out) (4,208,638) (3,959,351) 335,945 10,357
---------------------------------------------------------
Net increase (decrease) in
deduction and other (4,564,018) (4,177,070) 262,561 (2,690,507)
---------------------------------------------------------
Change in net assets available for
plan benefits (3,925,041) (3,651,853) 262,562 2,973,972
Net assets available at December
31, 1993 3,925,041 3,651,853 992,442 14,703,238
---------------------------------------------------------
Net assets available at December
31, 1994 $ - $ - $1,255,003 $17,677,210
=========================================================
</TABLE>
See accompanying notes.
5
<PAGE> 8
OHM Corporation Retirement Savings Plan
Notes to Financial Statements
December 31, 1995
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION
The accompanying financial statements have been prepared on the accrual basis of
accounting in accordance with generally accepted accounting principles.
INVESTMENTS
As of June 30, 1994, National City Bank (the Trustee) succeeded Mellon Bank,
N.A., as the Trustee for the OHM Retirement Savings Plan (the Plan). The Trustee
holds, manages, values, invests, reinvests, accounts for and otherwise deals
with each investment fund separately. The current value of the bank administered
trustee funds is obtained from the Trustee of the funds and is based on
published market prices at the statement date. Realized gains or losses on the
sale of investments are the difference between the proceeds received and the
specific cost of investment sold. The change in the difference between fair
value and the cost of investments is reflected in the statement of changes in
net assets available for plan benefits as net unrealized appreciation
(depreciation) in the fair value of investments.
OHM Corporation stock held is valued at the quoted market price at the close of
the last business day for that period.
OPERATING EXPENSES
All administrative expenses of the Plan and all fees and retainers of the Plan's
Trustee, administrator, auditors, and counsel are paid by OHM Corporation (the
Company).
RECLASSIFICATION
Certain amounts were reclassified in 1994 to conform with the 1995 presentation.
USE OF ESTIMATES
The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the amounts reported in the financial statements and accompanying notes.
Actual results could differ from those estimates.
6
<PAGE> 9
OHM Corporation Retirement Savings Plan
Notes to Financial Statements (continued)
2. DESCRIPTION OF PLAN
The Plan is a defined contribution plan covering all full-time employees of the
Company who were employed by OHM Corporation and its subsidiaries on the
effective date, November 16, 1988. Each employee who is not a participant as of
the effective date will be eligible to become a participant on the first day of
each January, April, July and October subsequent to one year of employment. The
Plan is subject to the provisions of the Employee Retirement Income Security Act
of 1974 (ERISA).
The Plan maintains separate accounts for each participant, which are credited
with the participant's voluntary contributions and an allocation of (a) Company
contributions, (b) plan earnings, and (c) forfeitures of non-vested terminated
participants' accounts. Under the Plan, each participant may direct their
contributions and allocations between the OHM Corporation Common Stock Fund (OHM
Employer Stock Fund), Stable Value Fund, Aggressive Growth Fund, Equity Index
Fund, or Balanced Fund.
Effective April 1, 1990, as amended January 1, 1994, the Company matches 60% on
the first 2% and 50% on the next 4% of a participant's compensation that such
participant contributed as before-tax contribution. Beginning June 1995, all
Company matches will be in OHM Corporation common stock.
In addition, the Company, at its discretion, may make profit sharing
contributions to the Plan for its participants each plan year. Profit sharing
contributions will be allocated to the accounts of each participant in the ratio
that the compensation of each such participant for the plan year bears to the
total compensation of all such participants for the plan year. The Company made
no profit sharing contributions during the years ended December 31, 1995 and
1994, respectively.
An employee may make voluntary contributions to the Plan by payroll deduction,
or by lump sum deposit for rollovers. Employee contributions may not exceed 15%
of the employee's pre-tax compensation and/or post-tax compensation subject to
IRS guidelines. Voluntary contributions shall be at all times non-forfeitable.
7
<PAGE> 10
OHM Corporation Retirement Savings Plan
Notes to Financial Statements (continued)
2. DESCRIPTION OF PLAN (CONTINUED)
Under the terms of the Plan, a participant is eligible for normal retirement
upon attainment of age 65, or upon suffering total and permanent disability.
Upon retirement, disability, or death before retirement or disability, the
amount credited to the participant's account, plus any amounts of additional
credit as finally determined at the next valuation date, will be distributed to
the participant.
In the event of the termination of employment of a participant prior to his
normal retirement date, the participant will receive the non-forfeitable
interest in his participant account based on a vesting schedule specified in the
Plan and all of his voluntary contributions account. A participant becomes 100
percent vested after two years of credited service.
Employees working past their normal retirement date are eligible for continued
participation until their retirement date.
The Plan provides for distribution of a participant's account in the form of a
"Life Annuity", "Qualified Joint and Survivor Annuity" or other methods of
payment as described in the Plan.
Participants with prior approval of the Plan Committee are allowed to borrow
against the vested portion of their account and such loans shall bear interest
at a rate established at the date of the loan. Generally, the period of
repayment for any loan cannot exceed five years.
In the event that the Plan is terminated, any account balance a participant may
have accumulated up to that time will become fully vested and non-forfeitable.
8
<PAGE> 11
OHM Corporation Retirement Savings Plan
Notes to Financial Statements (continued)
3. INVESTMENTS
During the year ended December 31, 1995 and 1994, the Plan's investments
(depreciated) appreciated in fair value by $1,472,820 and $(1,018,474),
respectively, as follows:
<TABLE>
<CAPTION>
NET APPRECIATION
(DEPRECIATION) Fair Value/
IN FAIR VALUE/ Contract Value
CONTRACT VALUE at End
DURING YEAR of Year
----------------------------------------
<S> <C> <C>
Plan year ended December 31, 1995:
Investment deposits under trustee National
City Bank:
Invested in Armada Money Market
Portfolio (net of overdrafts) $ -- $ 33,181
Invested in OHM Common Stock* (666,372) 2,625,418
Invested in LaSalle Income Plus Fund -- 6,745,725
Invested in Putnam Voyager Fund 1,502,979 8,593,281
Invested in Fidelity Balanced Fund 361,121 5,331,344
Investment in S&P 500 Flagship Fund 275,092 5,462,059
Loans to participants -- 2,039,291
------------ -----------
$ 1,472,820 $30,830,299
============ ===========
Plan year ended December 31, 1994:
Investment deposits under trustee National
City Bank:
Invested in NCC Money Market
Portfolio $ -- $ 1,771,150
Invested in OHM Common Stock* (1,025,030) 1,367,489
Invested in LaSalle Income Plus Fund -- 4,223,626
Invested in Putnam Voyager Fund 84,858 3,630,109
Invested in Fidelity Balanced Fund (108,811) 2,904,406
Investment in S&P 500 Flagship Fund 30,509 2,231,956
Loans to participants -- 1,296,156
------------ -----------
$ (1,018,474) $17,424,892
============ ===========
</TABLE>
*Indicates party-in-interest to the Plan.
9
<PAGE> 12
OHM Corporation Retirement Savings Plan
Notes to Financial Statements (continued)
4. FEDERAL INCOME TAXES
The Internal Revenue Service has ruled that the Plan qualifies under section
401(a) of the Internal Revenue Code and is, therefore, not subject to tax under
present income tax law.
5. ACQUISITION
On May 30, 1995, the Company completed the acquisition of substantially all of
the assets and certain liabilities of the hazardous and nuclear waste
remediation services business units of Rust International Inc. ("Rust"). As a
result of the acquisition, former employees of Rust became eligible to rollover
vested benefits from the Rust Employee Benefit Plans into the OHM Retirement
Savings Plan and became participants in the Plan.
10
<PAGE> 13
OHM Corporation Retirement Savings Plan
Assets Held for Investment
December 31, 1995
<TABLE>
<CAPTION>
DESCRIPTION OF INVESTMENT
INCLUDING MATURITY DATE,
RATE OF INTEREST AND CURRENT
IDENTITY OF ISSUER PAR OR MATURITY VALUE COST VALUE
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
OHM Corporation Common Stock $3,559,516 $2,625,418
Armada Money Market Portfolio Mutual Fund 55,428 55,428
LaSalle Income Plus Fund Mutual Fund 6,745,725 6,745,725
Putnam Voyager Fund Mutual Fund 7,001,169 8,593,281
Fidelity Balanced Fund Mutual Fund 5,060,189 5,331,344
S&P 500 Flagship Fund Mutual Fund 5,153,535 5,462,059
Loan Fund Loans to Participants 2,039,291 2,039,291
</TABLE>
11
<PAGE> 14
OHM Corporation Retirement Savings Plan
Transactions or Series of Transactions in Excess
of 5% of the Current Value of Plan Assets
Year ended December 31, 1995
<TABLE>
<CAPTION>
CURRENT
DESCRIPTION OF INVESTMENT VALUE OF
INCLUDING MATURITY DATE, ASSET ON NET
RATE OF INTEREST AND PURCHASE SELLING COST OF TRANSACTION GAIN
IDENTITY OF ISSUER PAR OR MATURITY VALUE PRICE PRICE ASSET DATE (LOSS)
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Category (i) - A single transaction in excess of 5% of plan assets
Armada Money Market Portfolio Mutual Fund $2,317,821 $2,317,821 $2,317,821 $ --
Armada Money Market Portfolio Mutual Fund 858,479 858,479 858,479 --
Armada Money Market Portfolio Mutual Fund 2,382,648 2,382,648 2,382,648 --
Armada Money Market Portfolio Mutual Fund 854,677 854,677 854,677 --
Putnam Voyager Fund Mutual Fund 854,677 854,677 854,677 --
S&P 500 Flagship Fund Mutual Fund 3,512,567 3,512,567 3,512,567 --
S&P 500 Flagship Fund Mutual Fund 3,512,567 2,862,944 3,512,567 649,623
</TABLE>
12
<PAGE> 15
OHM Corporation Retirement Savings Plan
Transactions or Series of Transactions in Excess
of 5% of the Current Value of Plan Assets (continued)
<TABLE>
<CAPTION>
CURRENT
DESCRIPTION OF INVESTMENT VALUE OF
INCLUDING MATURITY DATE, ASSET ON NET
RATE OF INTEREST AND PURCHASE SELLING COST OF TRANSACTION GAIN
IDENTITY OF ISSUER PAR OR MATURITY VALUE PRICE PRICE ASSET DATE (LOSS)
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Category (iii) - A series of transactions in excess of 5% of plan assets
Armada Money Market Portfolio Mutual Fund
213 sales $ -- $15,719,914 $15,719,914 $15,719,914 $ --
314 purchases 14,024,894 -- 14,024,894 14,024,894 --
LaSalle Income Plus Fund Mutual Fund
25 purchases 2,671,277 -- 2,671,277 2,671,277 --
7 sales -- 167,022 167,022 167,022 --
Putnam Voyager Fund Mutual Fund
23 purchases 3,821,222 -- 3,821,222 3,821,222 --
10 sales -- 470,516 384,603 470,516 85,913
Fidelity Balanced Fund Mutual Fund
23 purchases 2,321,328 -- 2,321,328 2,321,328 --
11 sales -- 277,700 274,356 277,700 3,344
S&P Flagship Fund Mutual Fund
9 sales -- 3,721,006 3,069,660 3,721,006 647,900
29 purchases 6,021,850 -- 6,021,850 6,021,850 --
</TABLE>
13
<PAGE> 16
OHM Corporation Retirement Savings Plan
Transactions or Series of Transactions in Excess
of 5% of the Current Value of Plan Assets (continued)
<TABLE>
<CAPTION>
CURRENT
DESCRIPTION OF INVESTMENT VALUE OF
INCLUDING MATURITY DATE, ASSET ON NET
RATE OF INTEREST AND PURCHASE SELLING COST OF TRANSACTION GAIN
IDENTITY OF ISSUER PAR OR MATURITY VALUE PRICE PRICE ASSET DATE (LOSS)
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Category (iii) - A series of transactions in excess of 5% of plan assets
(continued)
OHM Corporation Common stock
20 purchases $1,484,353 $ -- $1,484,353 $1,484,353 $ --
11 sales -- 478,230 503,513 478,230 (25,284)
</TABLE>
There were no category (ii) or (iv) reportable transactions during 1995
14
<PAGE> 17
Exhibit 1
Consent of Independent Auditors
We consent to the incorporation by reference in the Registration
Statement (Form S-8 No. 33-24953) pertaining to the OHM Corporation Retirement
Savings Plan and in the related Prospectus of our report dated June 7, 1996,
with respect to the financial statements and schedules of OHM Corporation
Retirement Savings Plan included in the Annual Report (Form 11-K) for the year
ended December 31, 1995.
ERNST & YOUNG LLP
Columbus, Ohio
June 25, 1996
<PAGE> 18
SIGNATURE
Pursuant to the requirements of the Securities Act of 1934, the Plan
Committee members have duly caused this annual report to be signed and
undersigned thereunto duly authorized.
OHM CORPORATION
RETIREMENT SAVINGS PLAN
Date: June 28, 1996 By: /s/ JOHN J. RAY III
------------------------------
John J. Ray III
Vice President, General Counsel
and Secretary
Committee Chairman,
OHM Corporation Retirement
Savings Plan Committee
