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FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 29, 1997
(Exact name of registrant as specified in its charter)
AMCOR Capital Corporation
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Delaware 0-17594 33-0329559
(Address of principal executive offices)
52-300 Enterprise Way, Coachella, California 92236
Registrant's telephone number, including area code: 760.398.9520
ITEM 1. CHANGES IN CONTROL OF REGISTRANT. Not applicable.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS. Not applicable.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP. Not applicable.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. Not applicable.
ITEM 5. OTHER EVENTS.
On or about July 29, 1997, the Registrant learned that on or about July 21,
1997, the Riverside County Local Solid Waste Management Enforcement Agency
("LEA") issued a cease and desist order pursuant to the provisions of which
AMCOR Biomass Farms LLC is prohibited from accepting green waste at the those
facilities located in Murrietta, California owned by Rancho California Partners
II, a California limited partnership, and an affiliate of the Registrant. The
LEA issued that cease and desist order because AMCOR Biomass Farms LLC failed to
provide to the LEA certain information requested by the LEA regarding operations
at those facilities. AMCOR Biomass Farms LLC is presently negotiating the
revocation of that cease and desist order pending approval by the LEA of a
testing protocol initiated by AMCOR Biomass Farms LLC and certain related
remedial action by AMCOR Biomass Farms LLC at those facilities. No assurance can
be given, however, that such cease and desist order will be revoked or, if
revoked, that a similar cease and desist order will not be issued by the LEA in
the future. An unfavorable resolution of this matter could adversely affect the
results of the recycling and biomass processing operations of AMCOR Biomass
Farms LLC at those facilities.
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The Registrant has significant acreage in Coachella, California, where it
intends to commence farming operations early next year, and which receives green
waste material processed by AMCOR Biomass Farms LLC. In addition to the
Registrant's Coachella facilities, there exist various other facilities to which
AMCOR Biomass Farms LLC can transport its green waste material for deposits,
which facilities will be determined by the Registrant and which determination
shall be based on the type of green waste material, the location of the
facilities, transportation and handling costs and other factors. Therefore, in
the opinion of management of the Registrant, any interruption in the green waste
disposal operations at those Murrietta facilities should not have a material
adverse effect on the results of the Registrant.
On July 30, 1997, the Registrant provided to the LEA the results of heavy metals
testing conducted by Del Mar Analytic Laboratories at those Murrietta
facilities. Additionally, tests were conducted and the results thereof were
provided to the LEA on August 6, 1997. Based on those results, the Registrant
believes that there are no heavy metal contaminants at those facilities which
exceed the soluble threshold limit concentration of such heavy metals
characterized as "hazardous" in the State of California. The Registrant has
agreed to provide additional documentation to the LEA to demonstrate that the
material that has been transported to those facilities and incorporated into the
soil at those facilities meets the "clean green" material criteria established
by regulation pursuant to Title 14, California Code of Regulations, Division 7,
Chapter 3.1, Section 17868.4 Subsections(a), (b) and (d).
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS. Not Applicable.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. Not Applicable.
ITEM 8. CHANGE IN FISCAL YEAR. Not Applicable.
ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S. Not Applicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: August 11, 1997 AMCOR Capital Corporation
/s/ FRED H. BEHRENS
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Fred H. Behrens,
Chief Executive Officer
