SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
Amendment No. 2
_________________
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1996
OR
[ ] 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 1-3315
PUBLICKER INDUSTRIES INC.
(Exact name of registrant as specified in its charter)
Pennsylvania
23-0991870
(State or other jurisdiction of
incorporation or organization) (I.R.S. Employer Identification No.)
1445 East Putnam Avenue, Old Greenwich, Connecticut 06870
(Address of principal
executive offices) (Zip code)
Registrant's telephone number, including area code: (203) 637-4500
Securities Registered Pursuant to Section 12(b) of the Act:Title of each
class Name of each exchange on which registered
Common Stock ($.10 par value)
See Item 5
Rights to Purchase Class A Preferred Stock, First Series
Securities Registered Pursuant To 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 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. X
As of January 31, 1997, the aggregate market value of the voting
common stock held by non-affiliates of the registrant was
$21,407,986.
Number of shares of Common Stock outstanding as of January 31,
1997: 15,380,585
Documents Incorporated By Reference: None
The Form 10-K of Publicker Industries Inc. is amended for purposes
of attaching the Financial Data Schedule as Exhibit 27.
SIGNATURE
Pursuant to the requirements of Section 13 or 15 (d)
of the Securities Exchange Act
of 1934, the registrant has
duly caused this amendment to
be signed on its behalf by the
undersigned, hereunto duly
authorized.
PUBLICKER INDUSTRIES INC.
(Registrant)
Date May 28, 1997
By: /s/ JAMES J. WEIS
James J. Weis President,
Chief Executive Officer and
Director
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C> <C>
<PERIOD-TYPE> 12-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1996 DEC-31-1995
<PERIOD-END> DEC-31-1996 DEC-31-1995
<CASH> 18,318,000 874,000
<SECURITIES> 0 0
<RECEIVABLES> 3,100,000 3,901,000
<ALLOWANCES> 92,000 84,000
<INVENTORY> 2,506,000 2,887,000
<CURRENT-ASSETS> 24,499,000 27,002,000
<PP&E> 5,882,000 5,363,000
<DEPRECIATION> 1,778,000 1,619,000
<TOTAL-ASSETS> 33,095,000 35,558,000
<CURRENT-LIABILITIES> 7,065,000 24,889,000
<BONDS> 1,273,000 1,873,000
<COMMON> 1,604,000 1,541,000
0 0
0 0
<OTHER-SE> 12,392,000 (4,135,000)
<TOTAL-LIABILITY-AND-EQUITY> 33,095,000 35,558,000
<SALES> 24,143,000 26,956,000
<TOTAL-REVENUES> 24,143,000 26,956,000
<CGS> 18,046,000 20,012,000
<TOTAL-COSTS> 18,046,000 20,012,000
<OTHER-EXPENSES> 11,640,000 10,323,000
<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> 847,000 1,887,000
<INCOME-PRETAX> (6,390,000) (5,266,000)
<INCOME-TAX> 2,686,000 0
<INCOME-CONTINUING> (3,704,000) (5,266,000)
<DISCONTINUED> 14,699,000 4,975,000
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 10,995,000 (291,000)
<EPS-PRIMARY> .65 (.02)
<EPS-DILUTED> .65 (.02)
</TABLE>
