<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 SECURITIES
EXCHANGE ACT OF 1933 (FEE REQUIRED)
X For the fiscal year ended December 31, 1997
------
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 (NO FEE REQUIRED)
For the transition period from ________ to _________
------
<PAGE> 2
REQUIRED INFORMATION
The following financial statements for the OHM Corporation Retirement Savings
Plan are being filed herewith:
<TABLE>
<CAPTION>
Description Page No.
- ----------- --------
<S> <C>
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
</TABLE>
<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 with Fund Information of OHM Corporation Retirement Savings Plan as of
December 31, 1997 and 1996, and the related statements of changes in net assets
available for plan benefits with Fund Information 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, 1997 and 1996, 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, 1997 and transactions or series
of transactions in excess of 5 percent 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 fund information in the statements of net assets
available for plan benefits and the statements of changes in net assets
available for plan benefits is presented for the purposes of additional analysis
rather than to present the net assets available for plan benefits and changes in
net assets available for plan benefits of each fund. The supplemental schedules
and Fund Information 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 basic financial statements
taken as a whole.
Columbus, Ohio
May 29, 1998
ERNST & YOUNG LLP
1
<PAGE> 4
OHM Corporation Retirement Savings Plan
Statements of Net Assets Available for Plan Benefits with Fund Information
December 31, 1997
<TABLE>
<CAPTION>
OHM (NCB) (NCB) (NCB)
Employer Stable Aggressive (NCB) Equity
Stock Value Growth Balance Index
Fund Fund Fund Fund Fund
------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
ASSETS
Investments:
OHM Common Stock $ 5,615,681 $ - $ - $ - $ -
LaSalle Income Plus Fund - 6,841,990 - - -
Putnam Voyager Fund - - 13,413,027 - -
AIM Balanced Fund - - - 6,955,137 -
S&P 500 Flagship Fund - - - - 13,223,860
MFS Value Fund - - - - -
IVY International Fund - - - - -
Loans to participants - - - - -
------------------------------------------------------------------------------------
Total investments 5,615,681 6,841,990 13,413,027 6,955,137 13,223,860
Receivables:
Contribution/interest receivable 228,373 131,749 220,822 101,251 195,478
Due from (to) other funds (119,529) 4,987 (74,132) (10,472) 38
------------------------------------------------------------------------------------
Total receivables 108,844 136,736 146,690 90,779 195,516
------------------------------------------------------------------------------------
Total assets 5,724,525 6,978,726 13,559,717 7,045,916 13,419,376
Distribution/refunds payable (38,866) (236,026) (120,396) (71,370) (97,529)
Other liabilities (36,084) - - - -
------------------------------------------------------------------------------------
Total liabilities (74,950) (236,026) (120,396) (71,370) (97,529)
------------------------------------------------------------------------------------
Net assets available for plan benefits $ 5,649,575 $ 6,742,700 $ 13,439,321 $ 6,974,546 $ 13,321,847
====================================================================================
<CAPTION>
(NCB) (NCB)
Value International Loan
Fund Fund Fund Total
-----------------------------------------------------------------
<S> <C> <C> <C> <C>
ASSETS
Investments:
OHM Common Stock $ - $ - $ - $ 5,615,681
LaSalle Income Plus Fund - - - 6,841,990
Putnam Voyager Fund - - - 13,413,027
AIM Balanced Fund - - - 6,955,137
S&P 500 Flagship Fund - - - 13,223,860
MFS Value Fund 1,003,196 - - 1,003,196
IVY International Fund - 579,150 - 579,150
Loans to participants - - 3,369,454 3,369,454
-----------------------------------------------------------------
Total investments 1,003,196 579,150 3,369,454 51,001,495
Receivables:
Contribution/interest receivable 137,694 16,955 (137,851) 894,471
Due from (to) other funds 52,583 (1,875) 148,400 -
-----------------------------------------------------------------
Total receivables 190,277 15,080 10,549 894,471
-----------------------------------------------------------------
Total assets 1,193,473 594,230 3,380,003 51,895,966
Distribution/refunds payable (65) (284) (62,388) (626,924)
Other liabilities - - - (36,084)
-----------------------------------------------------------------
Total liabilities (65) (284) (62,388) (663,008)
-----------------------------------------------------------------
Net assets available for plan benefits $ 1,193,408 $ 593,946 $ 3,317,615 $ 51,232,958
=================================================================
</TABLE>
See accompanying notes.
2
<PAGE> 5
OHM Corporation Retirement Savings Plan
Statements of Net Assets Available for Plan Benefits with Fund Information
December 31, 1996
<TABLE>
<CAPTION>
OHM (NCB) (NCB) (NCB)
Employer Stable Aggressive (NCB) Equity
Stock Value Growth Balance Index
Fund Fund Fund Fund Fund
-------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Assets
Investments:
Armada Money Market Portfolio $ 4,219 $ 5,000 $ 5,000 $ 5,000 $ 5,000
OHM Common Stock 5,960,271 - - - -
LaSalle Income Plus Fund - 7,157,086 - - -
Putnam Voyager Fund - - 11,711,236 - -
Fidelity Balanced Fund - - - 5,045,821 -
S&P 500 Flagship Fund - - - - 7,967,916
Loans to participants - - - - -
-------------------------------------------------------------------------------
Total investments 5,964,490 7,162,086 11,716,236 5,050,821 7,972,916
Receivables:
Contribution/interest receivable 281,443 165,088 223,627 78,868 115,589
Due from (to) other funds (122,235) (87,473) 61,381 (14,015) (9,958)
-------------------------------------------------------------------------------
Total receivables 159,208 77,615 285,008 64,853 105,631
-------------------------------------------------------------------------------
Total assets 6,123,698 7,239,701 12,001,244 5,115,674 8,078,547
Distribution/refunds payable (33,808) (28,507) (26,530) (31,116) (19,300)
Other liabilities (17,055) (7,245) (3,315) (674) (2,089)
-------------------------------------------------------------------------------
Total liabilities (50,863) (35,752) (29,845) (31,790) (21,389)
-------------------------------------------------------------------------------
Net assets available for plan benefits $ 6,072,835 $ 7,203,949 $ 11,971,399 $ 5,083,884 $ 8,057,158
===============================================================================
<CAPTION>
Loan
Fund Total
-------------------------------
<S> <C> <C>
Assets
Investments:
Armada Money Market Portfolio $ - $ 24,219
OHM Common Stock - 5,960,271
LaSalle Income Plus Fund - 7,157,086
Putnam Voyager Fund - 11,711,236
Fidelity Balanced Fund - 5,045,821
S&P 500 Flagship Fund - 7,967,916
Loans to participants 2,865,026 2,865,026
-------------------------------
Total investments 2,865,026 40,731,575
Receivables:
Contribution/interest receivable - 864,615
Due from (to) other funds 172,300 -
-------------------------------
Total receivables 172,300 864,615
-------------------------------
Total assets 3,037,326 41,596,190
Distribution/refunds payable (30,737) (169,998)
Other liabilities - (30,378)
-------------------------------
Total liabilities (30,737) (200,376)
-------------------------------
Net assets available for plan benefits $ 3,006,589 $ 41,395,814
===============================
</TABLE>
See accompanying notes.
3
<PAGE> 6
OHM Corporation Retirement Savings Plan
Statements of Changes in Net Assets Available for
Plan Benefits with Fund Information
Year ended December 31, 1997
<TABLE>
<CAPTION>
OHM (NCB) (NCB) (NCB)
Employer Stable Aggressive (NCB) Equity
Stock Value Growth Balance Index
Fund Fund Fund Fund Fund
-------------------------------------------------------------------------------
Additions
<S> <C> <C> <C> <C> <C>
Investment income $ 1,461 $ 429,764 $ 1,325,787 $ 1,383,515 $ 933,726
Employee contributions 516,344 874,182 2,281,123 848,669 1,542,263
Employer contributions 2,624,228 - - - -
Rollover 6,886 68,540 161,705 140,119 182,088
-------------------------------------------------------------------------------
Total additions 3,148,919 1,372,486 3,768,615 2,372,303 2,658,077
Deduction-benefits/distributions paid to
plan participants and beneficiaries (821,593) (1,444,281) (1,883,358) (543,365) (1,305,677)
Other:
Net unrealized appreciation/(depreciation)
of investments (365,102) (293,503) 1,535,019 (343,106) 2,017,987
Transfers in (out) (2,385,484) (95,951) (1,952,354) 404,830 1,894,302
-------------------------------------------------------------------------------
Net increase (decrease) in
deduction and other (3,572,179) (1,833,735) (2,300,693) (481,641) 2,606,612
-------------------------------------------------------------------------------
Change in net assets available
for plan benefits (423,260) (461,249) 1,467,922 1,890,662 5,264,689
Net assets available at December 31,
1996 6,072,835 7,203,949 11,971,399 5,083,884 8,057,158
-------------------------------------------------------------------------------
Net assets available at December 31,
1997 $ 5,649,575 $ 6,742,700 $ 13,439,321 $ 6,974,546 $ 13,321,847
===============================================================================
<CAPTION>
(NCB) (NCB)
Value International Loan
Fund Fund Fund Total
-------------------------------------------------------------
Additions
Investment income $ 116,509 $ 8,934 $ 24,688 $ 4,224,384
Employee contributions 60,968 53,587 - 6,177,136
Employer contributions - - - 2,624,228
Rollover 677 3,014 - 563,029
-------------------------------------------------------------
Total additions 178,154 65,535 24,688 13,588,777
Deduction-benefits/distributions paid to
plan participants and beneficiaries (6,512) (16,525) (197,306) (6,218,617)
Other:
Net unrealized appreciation/(depreciation)
of investments (52,067) (32,244) - 2,466,984
Transfers in (out) 1,073,833 577,180 483,644 -
-------------------------------------------------------------
Net increase (decrease) in
deduction and other 1,015,254 528,411 286,338 (3,751,633)
-------------------------------------------------------------
Change in net assets available
for plan benefits 1,193,408 593,946 311,026 9,837,144
Net assets available at December 31,
1996 - - 3,006,589 41,395,814
-------------------------------------------------------------
Net assets available at December 31,
1997 $ 1,193,408 $ 593,946 $ 3,317,615 $ 51,232,958
=============================================================
</TABLE>
See accompanying notes.
4
<PAGE> 7
OHM Corporation Retirement Savings Plan
Statements of Changes in Net Assets Available for
Plan Benefits with Fund Information
Year ended December 31, 1996
<TABLE>
<CAPTION>
OHM (NCB) (NCB) (NCB)
Employer Stable Aggressive (NCB) Equity
Stock Value Growth Balance Index
Fund Fund Fund Fund Fund
-------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Additions
Investment income $ 4,325 $ 422,625 $ 876,947 $ 286,006 $ 529,527
Employee contributions 622,803 1,123,010 2,253,204 965,476 1,206,741
Employer contributions 2,792,499 - - - -
Rollover 42,337 187,219 281,366 139,736 170,934
-------------------------------------------------------------------------------
Total additions 3,461,964 1,732,854 3,411,517 1,391,218 1,907,202
Deduction-benefits/distributions paid to
plan participants and beneficiaries (264,334) (752,261) (1,023,471) (470,608) (706,237)
Other:
Net unrealized appreciation
of investments 647,767 - 259,925 116,151 864,801
Transfers in (out) (588,237) (472,044) 867,963 (1,144,867) 465,677
-------------------------------------------------------------------------------
Net increase (decrease) in
deduction and other (204,804) (1,224,305) 104,417 (1,499,324) 624,241
-------------------------------------------------------------------------------
Change in net assets available
for plan benefits 3,257,160 508,549 3,515,934 (108,106) 2,531,443
Net assets available at December 31,
1995 2,815,675 6,695,400 8,455,465 5,191,990 5,525,715
-------------------------------------------------------------------------------
Net assets available at December 31,
1996 $ 6,072,835 $ 7,203,949 $ 11,971,399 $ 5,083,884 $ 8,057,158
===============================================================================
<CAPTION>
Loan
Fund Total
------------------------------
<S> <C> <C>
Additions
Investment income $ 78,339 $ 2,197,769
Employee contributions - 6,171,234
Employer contributions - 2,792,499
Rollover - 821,592
------------------------------
Total additions 78,339 11,983,094
Deduction-benefits/distributions paid to
plan participants and beneficiaries (12,770) (3,229,681)
Other:
Net unrealized appreciation
of investments - 1,888,644
Transfers in (out) 871,508 -
------------------------------
Net increase (decrease) in
deduction and other 858,738 (1,341,037)
------------------------------
Change in net assets available
for plan benefits 937,077 10,642,057
Net assets available at December 31,
1995 2,069,512 30,753,757
------------------------------
Net assets available at December 31,
1996 $ 3,006,589 $ 41,395,814
==============================
</TABLE>
See accompanying notes.
5
<PAGE> 8
OHM Corporation Retirement Savings Plan
Notes to Financial Statements
December 31, 1997
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
National City Bank (the Trustee) serves 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).
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 Employer Stock Fund, Stable Value
Fund, Aggressive Growth Fund, Balanced Fund, Equity Index Fund, Value Fund or
International Fund.
Effective April 1, 1990, as amended July 1, 1995, the Company matches 100
percent on the first 2 percent and 50 percent on the next 4 percent of a
participant's compensation that such participant contributed as before-tax
contribution. Beginning June 1995, all Company matches are made 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, 1997 and
1996, 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
percent 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, 1997 and 1996, the Plan's investments
appreciated (depreciated) in fair value by $2,466,984 and $1,888,644,
respectively, as follows:
<TABLE>
<CAPTION>
NET APPRECIATION
(DEPRECIATION) FAIR VALUE
IN FAIR VALUE AT END
DURING YEAR OF YEAR
----------------------------------------------
Plan year ended December 31, 1997:
<S> <C> <C>
Investment deposits under trustee National City
Bank:
Invested in OHM Common Stock* $ (365,102) $ 5,615,681
Invested in LaSalle Income Plus Fund (293,503) 6,841,990
Invested in Putnam Voyager Fund 1,535,019 13,413,027
Invested in AIM Balanced Fund (343,106) 6,955,137
Investment in S&P 500 Flagship Fund 2,017,987 13,223,860
Investment in MFS Value Fund (52,067) 1,003,196
Investment in IVY International Fund (32,244) 579,150
Loans to participants -- 3,369,454
----------------------------------------------
$2,466,984 $51,001,495
==============================================
Plan year ended December 31, 1996:
Investment deposits under trustee National City
Bank:
Invested in Armada Money Market Portfolio
(net of overdrafts) $ -- $ 24,219
Invested in OHM Common Stock* 647,767 5,960,271
Invested in LaSalle Income Plus Fund -- 7,157,086
Invested in Putnam Voyager Fund 259,925 11,711,236
Invested in Fidelity Balanced Fund 116,151 5,045,821
Investment in S&P 500 Flagship Fund 864,801 7,967,916
Loans to participants -- 2,865,026
----------------------------------------------
$1,888,644 $40,731,575
==============================================
</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 on December 20, 1994 that the Plan
qualifies under section 401(a) of the Internal Revenue Code (IRC) and,
therefore, the related trust is not subject to tax under present income tax law.
Once, qualified, the Plan is required to operate in conformity with the IRC to
maintain its qualification. The Plan Administrator is not aware of any course of
action or series of events that have occured that might adversely affect the
Plan's qualification.
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.
6. SUBSEQUENT EVENT
The Company, the plan sponsor, was purchased by IT Corporation on June 11, 1998.
7. YEAR 2000 ISSUE ( UNAUDITED)
The Company has developed a plan to modify its internal information technology
to be ready for the Year 2000 and is in the process of converting critical data
processing systems. The Company has also determined that its third party service
provides have reasonable plans in place to become Year 2000 compliant. The
Company does not expect the Year 2000 issue to have a significant effect on plan
operations.
10
<PAGE> 13
OHM Corporation Retirement Savings Plan
Assets Held for Investment
December 31, 1997
<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 $6,229,712 5,615,681
LaSalle Income Plus Fund Mutual Fund 6,841,990 6,841,990
Putnam Voyager Fund Mutual Fund 9,823,078 13,413,027
AIM Balanced Fund Mutual Fund 6,577,983 6,955,137
S&P 500 Flagship Fund Mutual Fund 10,037,292 13,223,860
MFS Value Fund Mutual Fund 1,055,276 1,003,196
IVY International Fund Mutual Fund 611,402 579,150
Loan Fund Due dates vary, interest is
charged at 7% to 11% - 3,369,454
</TABLE>
11
<PAGE> 14
OHM Corporation Retirement Savings Plan
Transactions or Series of Transactions in Excess
of 5 Percent of the Current Value of Plan Assets
Year ended December 31, 1997
<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 PERCENT OF PLAN ASSETS
Armada Money Market Mutual Fund
Portfolio 1 purchase $ 6,361,503 $ - $ 6,361,503 $ 6,361,503 $ -
1 sale - 6,361,362 6,361,362 6,361,362 -
AIM Balanced Fund Mutual Fund
1 purchase 6,350,623 - 6,350,623 6,350,623 -
Fidelity Balanced Fund Mutual Fund
1 sale - 6,350,623 5,386,831 6,350,623 963,792
</TABLE>
12
<PAGE> 15
OHM Corporation Retirement Savings Plan
Transactions or Series of Transactions in Excess
of 5 Percent 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 PERCENT OF PLAN ASSETS
AIM Balanced Fund Mutual Fund
15 purchases $ 7,300,507 $ - $ 7,300,507 $ 7,300,507 $ -
10 sales - 756,731 722,524 756,731 34,207
Fidelity Balanced Fund Mutual Fund
12 purchases 1,140,864 - 1,140,864 1,140,864 -
9 sales - 6,772,364 5,762,276 6,772,364 1,010,088
LaSalle Income Plus Fund Mutual Fund
25 purchases 1,246,533 - 1,246,533 1,246,533 -
24 sales - 1,539,654 1,539,654 1,539,654 -
Putnam Voyager Fund Mutual Fund
24 purchases 2,034,125 - 2,034,125 2,034,125 -
10 sales - 2,347,844 1,824,589 2,347,844 523,255
</TABLE>
14
<PAGE> 16
OHM Corporation Retirement Savings Plan
Transactions or Series of Transactions in Excess
of 5 Percent 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>
OHM Stock Fund Mutual Fund
6 purchases 107,088 - 107,088 107,088 -
30 sales - 2,409,115 2,540,310 2,409,115 (131,195)
S&P 500 Flagship Fund Mutual Fund
23 purchases 3,485,921 - 3,485,921 3,485,921 -
12 sales - 1,083,208 823,649 1,083,208 259,559
Armada Money Market Fund Mutual Fund
Portfolio 373 purchases 23,065,519 - 23,065,519 23,065,519 -
250 sales - 23,070,781 23,070,781 23,070,781 -
</TABLE>
There were no category (ii) or (iv) reportable transactions during 1997.
13
<PAGE> 17
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 26, 1998 By: /s/ David L. Hill
-----------------
David L. Hill
Vice President, Controller
<PAGE> 1
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 May 29, 1998, with
respect to the financial statements and schedules of OHM Corporation
Retirement Savings Plan included in this Annual Report (Form 11-K) for the year
ended December 31, 1997.
Columbus, Ohio
June 26, 1998
ERNST & YOUNG LLP
