SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 10-K/A
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ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1995.
Commission file number 33-20954
KBF POLLUTION MANAGEMENT, INC.
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(Exact name of registrant as specified in its charter)
New York 11-2687588
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(State of other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
1110-A Farmingdale Road, North Lindenhurst, New York 11757-1024
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(Address of principal executive offices) (Zip Code)
(516) 225-0007
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(Registrant's telephone number including area code)
Securities registered pursuant to Section 12(b) or Section 12(g) of the Act:
None.
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding- 12 months (or for such shorter period that the registrant as
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days-.Yes X No
--- ---
Based upon the average closing bid and asked price of the Registrant's common
stock, the aggregate market value of voting stock held by non-affiliates of the
Registrant as of March 12, 1996 was $3,573,606.
The number of shares outstanding of each of the Registrant's classes of common
stock as of the latest practicable date is:
Common Stock
outstanding at March 12, 1996: 43,312,213
<PAGE>
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES,
AND REPORTS ON FORM 8-K.
(a) The following financial statements are included in Part II, Item 8 and
are attached hereto:
i) Balance Sheets
a) December 31, 1995
b) December 31, 1994
ii) Statements of Income Years Ended
a) December 31, 1995
b) December 31, 1994
c) December 31, 1993
iii) Statements of Stockholders' Equity
a) January 1, 1993 to December 31, 1995.
iv) Statements of Cash Flow Years Ended
a) December 31, 1995
b) December 31, 1994
c) December 31, 1993
v) Notes to Financial Statements
(b) Reports on Form 8-K.
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No reports on Form 8-K have been filed during the last quarter of the
Company's fiscal year.
(c) Exhibits.
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Exhibit
Number Description
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10.1* - Lease for premises at 1110-A Farmingdale Road, North Lindenhurst,
New York, dated January 12, 1986.
10.2* - Lease/purchase agreement between the Company and Wasco Funding
Co. dated March 24, 1993.
10.3* - Loan Agreement between the Company and Apple Bank dated October
22, 1990.
10.4* - Loan Agreement between the Company and JC Associates, Inc. dated
February 15, 1991.
10.5* - Employment Agreement between the Company and Larry Kreisler dated
October 15, 1992.
10.6* - Employment Agreement between the Company and Kathi Kreisler dated
October 15, 1992.
10.7* - Employment Agreement between the Company and Vito M. Russo dated
as of February 1, 1993.
10.8** - Amended Lease/purchase agreement between the Company and Wasco
Funding Co. dated March 25,1994.
27 - Financial Data Schedule
* Reference is made to the exhibits (bearing the same numbers as those set
forth above) to the annual report on Form 10-K for the fiscal year ended
December 31, 1992 (File No. 33-20954).
** Reference is made to the exhibits (bearing the same numbers as those set
forth above) to the annual report on Form 10-K for the fiscal year ended
December 31, 1993 (File No. 33-20954).
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2
<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.
(Registrant) KBF POLLUTION MANAGEMENT, INC.
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By (Signature and Title /s/ Larry Kreisler
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LARRY KREISLER, PRESIDENT
Date: April 19, 1996
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 capacities and on the dates indicated.
By (Signature and Title /s/ Larry Kriesler
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LARRY KREISLER, CHAIRMAN OF THE BOARD,
PRESIDENT,
DIRECTOR
Date: April 19, 1996
By (Signature and Title /s/ Kathi Kriesler
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KATHI KREISLER, VICE PRESIDENT,
SECRETARY, TREASURER,
DIRECTOR
Date April 19, 1996
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3
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
EXHIBIT 27
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This schedule contains summary financial information extracted from the audited
financial statements dated December 31, 1995 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<CASH> 38,525
<SECURITIES> 0
<RECEIVABLES> 213,305
<ALLOWANCES> (26,657)
<INVENTORY> 13,369
<CURRENT-ASSETS> 181,447
<PP&E> 3,139,667
<DEPRECIATION> (1,618,710)
<TOTAL-ASSETS> 1,940,946
<CURRENT-LIABILITIES> 807,270
<BONDS> 0
0
0
<COMMON> 423
<OTHER-SE> 1,133,253
<TOTAL-LIABILITY-AND-EQUITY> 1,940,946
<SALES> 1,823,390
<TOTAL-REVENUES> 1,830,973
<CGS> 1,266,397
<TOTAL-COSTS> 2,125,631
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 59,745
<INCOME-PRETAX> (354,403)
<INCOME-TAX> 2,742
<INCOME-CONTINUING> (357,145)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (357,145)
<EPS-PRIMARY> (0.87)
<EPS-DILUTED> (0.87)
</TABLE>
