As filed with the Securities and Exchange Commission on December 29, 1999.
Registration No. 333-________
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
ATCHISON CASTING CORPORATION
(Exact name of registrant as specified in its charter)
Kansas 48-1156578
(State of Incorporation) (I.R.S. Employer
Identification No.)
400 South Fourth Street
Atchison, Kansas 66002-0188
(Address, including zip code, of registrant's principal executive offices)
Atchison Casting Corporation Savings Plan, Atchison Casting Corporation
401(k) Plan, Atchison Casting Corporation Hourly Employees 401(k) Plan,
Empire Steel Castings, Inc. 401(k) Profit Sharing Plan for Union Employees,
Quaker Alloy, Inc. 401(k) Profit Sharing Plan for Union Employees, Inverness
Castings Group, Inc. Hourly Employees Retirement Plan and Trust, LaGrange
Foundry, Inc. 401(k) Savings and Defined Contribution Plan, PrimeCast
401(k) Savings and Defined Contribution Plan, and Jahn Foundry Corporate
Union 401(k) Plan
(Full title of the Plans)
Hugh H. Aiken
Chairman of the Board, President and Chief Executive Officer
Atchison Casting Corporation
400 South Fourth Street
Atchison, Kansas 66002-0188
(913) 367-2121
(Name, address and telephone number, including area code, of agent for service)
<TABLE>
<CAPTION>
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CALCULATION OF REGISTRATION FEE
<S> C> <C> <C> <C>
Proposed Proposed
Title of securities to Amount to be maximum maximum Amount of
be registered Registered (1) offering price aggregate registration
per share (2) offering Fee
price (2)
- ---------------------------- ----------------- ---------------- --------------- --------------
Common Stock, $0.01 par $1,421
value
- ---------------------------- ----------------- ---------------- --------------- --------------
Reserved under the 30,000 $8.97 $269,100
Atchison Casting
Corporation Savings Plan
- ---------------------------- ----------------- ---------------- --------------- --------------
Reserved under the 270,000 $8.97 $2,421,900
Atchison Casting
Corporation 401(k)Plan
- ---------------------------- ----------------- ---------------- --------------- --------------
Reserved under the 100,000 $8.97 $897,000
Atchison Casting
Corporation Hourly
Employees 401(k) Plan
- ---------------------------- ----------------- ---------------- --------------- --------------
Reserved under the Empire 25,000 $8.97 $224,250
Steel Castings, Inc.
401(k) Profit Sharing Plan
for Union Employees
- ---------------------------- ----------------- ---------------- --------------- --------------
Reserved under the Quaker 25,000 $8.97 $224,250
Alloy, Inc. 401(k) Profit
Sharing Plan for Union
- ---------------------------- ----------------- ---------------- --------------- --------------
<PAGE>
Employees
- ---------------------------- ----------------- ---------------- --------------- --------------
Reserved under the 45,000 $8.97 $403,650
Inverness Castings Group,
Inc. Hourly Employees
Retirement Plan and Trust
- ---------------------------- ----------------- ---------------- --------------- --------------
Reserved under the 35,000 $8.97 $313,950
LaGrange Foundry, Inc.
401(k) Savings and Defined
Contribution Plan
- ---------------------------- ----------------- ---------------- --------------- --------------
Reserved under the 45,000 $8.97 $403,650
PrimeCast 401(k) Savings
and Defined Contribution
Plan
- ---------------------------- ----------------- ---------------- --------------- --------------
Reserved under the Jahn 25,000 $8.97 $224,250
Foundry Corporate Union
401(k) Plan
- ---------------------------- ----------------- ---------------- --------------- --------------
<FN>
(1) In addition, pursuant to Rule 416(c) under the Securities Act of 1933,
as amended (the "Securities Act"), the registration statement also
covers an indeterminate amount of interests to be offered or sold
pursuant to the employee benefit plans described herein.
(2) Estimated solely for the purpose of calculating the registration fee
pursuant to Rule 457(c) under the Securities Act based on the average of
the high and low prices reported on December 27, 1999.
</FN>
</TABLE>
2
<PAGE>
EXPLANATORY NOTE
As permitted by the rules of the Securities and Exchange
Commission (the "Commission"), this registration statement omits the
information in Part I of Form S-8.
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<PAGE>
PART II
Information Required in the Registration Statement
Item 3. Incorporation of Documents by Reference.
The following documents filed with the Commission by Atchison Casting
Corporation (the "Registrant" or the "Company") are incorporated in this
registration statement on Form S-8 by reference:
1. The Registrant's Annual Report on Form 10-K for the fiscal year
ended June 30, 1999;
2. The Registrant's Quarterly Report on Form 10-Q for the quarter
ended September 30, 1999; and
3. The description of the Registrant's Common Stock, par value $0.01
per share, which is included in the Registrant's Registration
Statement on Form 8-B, filed with the Securities and Exchange
Commission on April 25, 1995.
All documents subsequently filed by the Company pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), prior to the filing of a post-effective amendment which
indicates that all securities offered have been sold or which deregisters all
securities then remaining unsold, shall be deemed to be incorporated by
reference in this registration statement and to be a part hereof from the date
of filing of such documents.
Item 4. Description of Securities.
Not Applicable.
Item 5. Interests of Named Experts and Counsel.
Not Applicable.
Item 6. Indemnification of Directors and Officers.
Section 17-6305 of the Kansas General Corporation Code ("KGCC") confers
broad powers upon corporations incorporated in that state with respect to
indemnification of any person against liabilities incurred by reason of the fact
that he is or was a director, officer, employee or agent of the corporation, or
is or was serving at the request of the corporation as a director, officer,
employee or agent of another corporation or other business entity. The
provisions of Section 17-6305 are not exclusive of any other rights to which
those seeking indemnification may be entitled under any bylaw, agreement or
otherwise.
Pursuant to the Registrant's Articles of Incorporation and By-laws, the
Registrant must, to the maximum extent permitted from time to time under the
laws of Kansas, indemnify and upon request must advance expenses to any person
who is or was a party or is threatened to be made a party to any threatened,
pending or completed action, suit or proceeding, whether civil, criminal,
administrative or investigative, by reason of the fact that he or she is or was
a director, officer, employee or agent of the Registrant, or is or was serving
at the request of the Registrant
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<PAGE>
as a director, officer, employee or agent of another corporation, partnership,
joint venture, trust or other enterprise, against expenses (including attorneys'
fees and expenses), judgments, fines, penalties, and amounts paid in settlement
actually and reasonably incurred by him or her in connection with such action,
suit or proceeding if he or she acted in good faith and in a manner he or she
reasonably believed to be in or not opposed to the best interests of the
Registrant, and, with respect to any criminal action or proceeding, had no
reasonable basis to believe his or her conduct was unlawful. Such
indemnification is not exclusive of other indemnification rights arising under
any by-law, agreement, vote of directors or stockholders or otherwise and shall
inure to the benefit of the heirs and legal representatives of such person.
Article VIII of the Registrant's By-laws further describes the indemnification
rights of such persons.
The Registrant's Articles of Incorporation also provide that a director
of the Registrant will not be personally liable to the Registrant or its
stockholders for monetary damages for breach of fiduciary duty as a director,
except for liability (i) for any breach of the director's duty of loyalty to the
Registrant or its stockholders; (ii) for acts or omissions not taken in good
faith or which involve intentional misconduct or a knowing violation of law;
(iii) under Section 17-6424 of the KGCC or (iv) for any transaction from which
the director derived an improper personal benefit. If the KGCC is amended to
authorize the further elimination or limitation of the liability of a director,
then the liability of the director will be eliminated or limited to the fullest
extent permitted by the KGCC, as so amended. The effect of this provision in the
Articles of Incorporation is to eliminate the rights of the Registrant and its
stockholders (through stockholders' derivative suits on behalf of the
Registrant) to recover monetary damages against a director's breach of the
fiduciary duty of care as a director (including breaches resulting from
negligent or grossly negligent behavior), except in the situations described
above.
There is in effect for the Registrant an insurance policy providing
directors and officers with indemnification, subject to certain exclusions and
to the extent not otherwise indemnified by the Registrant, against loss
(including expenses incurred in the defense of claims in connection therewith)
arising from any negligent act, error, omission, misstatement, misleading
statement or breach of duty while acting in their capacity as directors and
officers of the Registrant. The policy also provides for the reimbursement of
the Registrant for liability incurred in the indemnification of its directors
and officers. The Registrant has purchased coverage for liability under the
Securities Act in connection with the purchase, sale, offer or solicitation of
an offer to purchase or sell any securities of the Registrant or an affiliate of
the Registrant.
Item 7. Exemption from Registration Claimed.
Not Applicable.
Item 8. Exhibits.
The following exhibits are filed herewith or are incorporated by
reference from documents filed by the Company with the Commission.
4.1 Articles of Incorporation of Atchison Casting Corporation, a
Kansas corporation (incorporated by reference to Exhibit 4.1 of
the Company's Quarterly Report on Form 10-Q for the quarter ended
December 31, 1994).
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4.2 By-Laws of Atchison Casting Corporation, a Kansas corporation
(incorporated by reference to Exhibit 4.2 of the Company's
Quarterly Report on Form 10-Q for the quarter ended December 31,
1994).
4.3 Long-term debt instruments of the Company in amounts not
exceeding 10% of the total assets of the Company and its
subsidiaries on a consolidated basis will be furnished to the
Commission upon request.
4.4(a) The Amended and Restated Credit Agreement dated as of April 3,
1998, among the Company, the Banks party thereto and Harris Trust
and Savings Bank, as Agent (incorporated by reference to Exhibit
4.1(a) of Form 8-K filed April 16, 1998).
4.4(b) Pledge and Security Agreement dated as of April 3, 1998, between
the Company and Harris Trust and Savings Bank, as Agent
(incorporated by reference to Exhibit 4.1(b) of Form 8-K filed
April 16, 1998).
4.4(c) First Amendment to Amended and Restated Credit Agreement dated as
of October 7, 1998, among the Company, the Banks party thereto
and Harris Trust and Savings Bank, as Agent (incorporated by
reference to Exhibit 4.1 of the Company's Quarterly Report on
Form 10-Q for the quarter ended September 30, 1998).
4.4(d) Second Amendment to the Amended and Restated Credit Agreement
dated as of April 23, 1999, among the Company, the Banks party
thereto, and Harris Trust and Savings Bank, as Agent
(incorporated by reference to Exhibit 4 of the Company's
Quarterly Report on Form 10-Q for the quarter ended March 31,
1999).
4.4(e) Third Amendment to the Amended and Restated Credit Agreement
dated as of August 20, 1999, among the Company, the Banks party
thereto, and Harris Trust and Savings Bank, as Agent
(incorporated by reference to Exhibit 4.1(e) of the Company's
Annual Report on Form 10-K for the year ended June 30, 1999).
4.4(f) Fourth Amendment and Waiver to the Amended and Restated Credit
Agreement dated as of November 5, 1999, among the Company, the
Banks party thereto, and Harris Trust and Savings Bank, as Agent
(incorporated by reference to Exhibit 4.2 of the Company's
Quarterly Report on Form 10-Q for the quarter ended September 30,
1999).
4.5(a) Note Purchase Agreement dated as of July 29, 1994 between the
Company and Teachers Insurance and Annuity Association of America
pursuant to which the Company's 8.44% Senior Notes due 2004 were
issued (incorporated by reference to Exhibit 4.3 of the Company's
Annual Report on Form 10-K for the year ended June 30, 1994).
4.5(b) First Amendment dated as of March 8, 1996 to the Note Purchase
Agreement dated July 29, 1994, between the Company and Teachers
Insurance and Annuity Association of America (incorporated by
reference to Exhibit 4.2 of the Company's Current Report on Form
8-K dated March 25, 1996).
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4.5(c) Second Amendment dated as of May 24, 1996 to the Note Purchase
Agreement dated July 29, 1994, between the Company and Teachers
Insurance and Annuity Association of America (incorporated by
reference to Exhibit 4.2(c) of the Company's Annual Report on
Form 10-K for the fiscal year ended June 30, 1996).
4.5(d) Third Amendment dated as of April 3, 1998 to the Note Purchase
Agreement dated July 29, 1994 between the Company and Teachers
Insurance and Annuity Association of America (incorporated by
reference to Exhibit 4.2 of Form 8-K filed April 16, 1998).
4.5(e) Waiver dated as of October 12, 1998 to the Note Purchase
Agreement dated July 29, 1994 between the Company and Teachers
Insurance and Annuity Association of America (incorporated by
reference to Exhibit 4.2 of the Company's Quarterly Report on
Form 10-Q for the quarter ended September 30, 1998).
4.5(f) Fourth Amendment dated as of October 20, 1999 to the Note
Purchase Agreement dated July 29, 1994 between the Company and
Teachers Insurance and Annuity Association of America
(incorporated by reference to Exhibit 4.1 of the Company's
Quarterly Report on Form 10-Q for the quarter ended September 30,
1999).
4.6 Specimen stock certificate (incorporated by reference to Exhibit
4.3 of Amendment No. 2 to Form S-2 Registration Statement No.
333-25157 filed May 19, 1997).
5.1 Opinion of Blackwell Sanders Peper Martin LLP.
23.1 Consent of Deloitte & Touche LLP.
23.2 Consent of Blackwell Sanders Peper Martin LLP (included in
Exhibit 5.1).
24.1 See page 12 of this registration statement for Powers of Attorney
executed by certain officers and members of the Board of
Directors of the Registrant (included on signature page hereto).
The Company hereby undertakes that it has submitted or will submit the
Plans and any amendment thereto to the Internal Revenue Service ("IRS") in a
timely manner and has made or will make all changes required by the IRS in order
to qualify the Plans.
Item 9. Undertakings.
(a) The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made,
a post-effective amendment to this registration statement:
(i) To include any prospectus required by section 10(a)(3) of the
Securities Act;
(ii) To reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent post-effective
amendment thereof) which,
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<PAGE>
individually or in the aggregate, represent a fundamental change in the
information set forth in the registration statement. Notwithstanding the
foregoing, any increase or decrease in volume of securities offered (if the
total dollar value of securities offered would not exceed that which was
registered) and any deviation from the low or high end of the estimated maximum
offering range may be reflected in the form of prospectus filed with the
Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume
and price represent no more than a 20% change in the maximum aggregate offering
price set forth in the "Calculation of Registration Fee" table in the effective
registration statement; and
(iii) To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or any
material change to such information in the registration statement;
PROVIDED, HOWEVER, That paragraphs (a)(1)(i) and (a)(1)(ii) of this
item do not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed with or
furnished to the Commission by the Registrant pursuant to section 13 or section
15(d) of the Exchange Act, that are incorporated by reference in the
registration statement.
(2) That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(3) To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the termination of
the offering.
(b) The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant's annual report pursuant to section 13(a) or section 15(d) of the
Exchange Act (and, where applicable, each filing of an employee benefit plan's
annual report pursuant to section 15(d) of the Exchange Act) that is
incorporated by reference in the registration statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act
may be permitted to directors, officers and controlling persons of the
Registrant pursuant to the foregoing provisions, or otherwise, the Registrant
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Securities Act
and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the Registrant of expenses
incurred or paid by a director, officer or controlling person of the Registrant
in the successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Atchison, State of Kansas, on December 29, 1999.
ATCHISON CASTING CORPORATION
By: /s/ Hugh H. Aiken
Hugh H. Aiken, Chairman of the Board,
President and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, the
undersigned trustees (or other persons who administer the employee benefit
plans) have duly caused this registration statement to be signed on their behalf
by the undersigned, thereunto duly authorized, in the City of Atchison, State of
Kansas, on December 29, 1999.
ATCHISON CASTING CORPORATION SAVINGS
PLAN
By: Atchison Casting Corporation,
its Plan Administrator
By: /s/ Kevin T. McDermed
Kevin T. McDermed
Vice President
ATCHISON CASTING CORPORATION 401(k) PLAN
By: Atchison Casting Corporation,
its Plan Administrator
By: /s/ Kevin T. McDermed
Kevin T. McDermed
Vice President
ATCHISON CASTING CORPORATION HOURLY
EMPLOYEES 401(k) PLAN
By: Atchison Casting Corporation,
its Plan Administrator
By: /s/ Kevin T. McDermed
Kevin T. McDermed
Vice President
9
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EMPIRE STEEL CASTING, INC. 401(k) PROFIT
SHARING PLAN FOR UNION EMPLOYEES
By: Atchison Casting Corporation,
its Plan Administrator
By: /s/ Kevin T. McDermed
Kevin T. McDermed
Vice President
QUAKER ALLOY, INC. 401(k) PROFIT SHARING
PLAN FOR UNION EMPLOYEES
By: Atchison Casting Corporation,
its Plan Administrator
By: /s/ Kevin T. McDermed
Kevin T. McDermed
Vice President
INVERNESS CASTINGS GROUP, INC. HOURLY
EMPLOYEES RETIREMENT PLAN AND TRUST
By: Atchison Casting Corporation,
its Plan Administrator
By: /s/ Kevin T. McDermed
Kevin T. McDermed
Vice President
LAGRANGE FOUNDRY, INC. 401(k) SAVINGS AND
DEFINED CONTRIBUTION PLAN
By: Atchison Casting Corporation,
its Plan Administrator
By: /s/ Kevin T. McDermed
Kevin T. McDermed
Vice President
10
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PRIMECAST 401(k) SAVINGS AND DEFINED
CONTRIBUTION PLAN
By: Atchison Casting Corporation,
its Plan Administrator
By: /s/ Kevin T. McDermed
Kevin T. McDermed
Vice President
JAHN FOUNDRY CORPORATE UNION 401(k) PLAN
By: Atchison Casting Corporation,
its Plan Administrator
By: /s/ Kevin T. McDermed
Kevin T. McDermed
Vice President
11
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POWER OF ATTORNEY
We, the undersigned directors and officers of Atchison Casting
Corporation, do hereby constitute and appoint Hugh H. Aiken and Kevin T.
McDermed, and each of them, our true and lawful attorneys-in-fact and agents,
with full power of substitution and resubstitution, for us and in our name,
place and stead, in any and all capacities, to sign any and all amendments to
this registration statement, and any additional registration statements filed
pursuant to Rule 462(b) under the Securities Act of 1933, and to file the same,
with all exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and we do hereby ratify and confirm all that
said attorneys-in-fact and agents, or their substitutes, may lawfully do or
cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and on the date indicated.
SIGNATURE AND NAME CAPACITY DATE
- ------------------ -------- ----
/s/ Hugh H. Aiken Chairman of the Board, December 29, 1999
Hugh H. Aiken President, Chief Executive
Officer and Director
(Principal Executive Officer)
/s/ Kevin T. McDermed Vice President, December 29, 1999
Kevin T. McDermed Chief Financial Officer,
Treasurer and Secretary
(Principal Financial Officer and
Principal Accounting Officer)
/s/ David L. Belluck Director December 29, 1999
David L. Belluck
/s/ John O. Whitney Director December 29, 1999
John O. Whitney
/s/ Ray H. Witt Director December 29, 1999
Ray H. Witt
/s/ Stuart Z. Uram Director December 29, 1999
Stuart Z. Uram
12
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INDEX TO EXHIBITS
EXHIBIT
NUMBER DOCUMENT
------ --------
4.1 Articles of Incorporation of Atchison Casting Corporation, a
Kansas corporation (incorporated by reference to Exhibit 4.1 of
the Company's Quarterly Report on Form 10-Q for the quarter ended
December 31, 1994).
4.2 By-Laws of Atchison Casting Corporation, a Kansas corporation
(incorporated by reference to Exhibit 4.2 of the Company's
Quarterly Report on Form 10-Q for the quarter ended December 31,
1994).
4.3 Long-term debt instruments of the Company in amounts not
exceeding 10% of the total assets of the Company and its
subsidiaries on a consolidated basis will be furnished to the
Commission upon request.
4.4(a) The Amended and Restated Credit Agreement dated as of April 3,
1998, among the Company, the Banks party thereto and Harris Trust
and Savings Bank, as Agent (incorporated by reference to Exhibit
4.1(a) of Form 8-K filed April 16, 1998).
4.4(b) Pledge and Security Agreement dated as of April 3, 1998, between
the Company and Harris Trust and Savings Bank, as Agent
(incorporated by reference to Exhibit 4.1(b) of Form 8-K filed
April 16, 1998).
4.4(c) First Amendment to Amended and Restated Credit Agreement dated as
of October 7, 1998, among the Company, the Banks party thereto
and Harris Trust and Savings Bank, as Agent (incorporated by
reference to Exhibit 4.1 of the Company's Quarterly Report on
Form 10-Q for the quarter ended September 30, 1998).
4.4(d) Second Amendment to the Amended and Restated Credit Agreement
dated as of April 23, 1999, among the Company, the Banks party
thereto, and Harris Trust and Savings Bank, as Agent
(incorporated by reference to Exhibit 4 of the Company's
Quarterly Report on Form 10-Q for the quarter ended March 31,
1999).
4.4(e) Third Amendment to the Amended and Restated Credit Agreement
dated as of August 20, 1999, among the Company, the Banks party
thereto, and Harris Trust and Savings Bank, as Agent
(incorporated by reference to Exhibit 4.1(e) of the Company's
Annual Report on Form 10-K for the year ended June 30, 1999).
4.4(f) Fourth Amendment and Waiver to the Amended and Restated Credit
Agreement dated as of November 5, 1999, among the Company, the
Banks party thereto, and Harris Trust and Savings Bank, as Agent
(incorporated by reference to Exhibit 4.2 of the Company's
Quarterly Report on Form 10-Q for the quarter ended September 30,
1999).
4.5(a) Note Purchase Agreement dated as of July 29, 1994 between the
Company and Teachers Insurance and Annuity Association of America
pursuant to which the Company's 8.44% Senior Notes due 2004 were
issued (incorporated by reference to Exhibit 4.3 of the Company's
Annual Report on Form 10-K for the year ended June 30, 1994).
4.5(b) First Amendment dated as of March 8, 1996 to the Note Purchase
Agreement dated July 29, 1994, between the Company and Teachers
Insurance and Annuity Association of America (incorporated by
reference to Exhibit 4.2 of the Company's Current Report on Form
8-K dated March 25, 1996).
4.5(c) Second Amendment dated as of May 24, 1996 to the Note Purchase
Agreement dated July 29, 1994, between the Company and Teachers
Insurance and Annuity Association of America (incorporated by
reference to Exhibit 4.2(c) of the Company's Annual Report on
Form 10-K for the fiscal year ended June 30, 1996).
4.5(d) Third Amendment dated as of April 3, 1998 to the Note Purchase
Agreement dated July 29, 1994 between the Company and Teachers
Insurance and Annuity Association of America (incorporated by
reference to Exhibit 4.2 of Form 8-K filed April 16, 1998).
4.5(e) Waiver dated as of October 12, 1998 to the Note Purchase
Agreement dated July 29, 1994 between the Company and Teachers
Insurance and Annuity Association of America (incorporated by
reference to Exhibit 4.2 of the Company's Quarterly Report on
Form 10-Q for the quarter ended September 30, 1998).
4.5(f) Fourth Amendment dated as of October 20, 1999 to the Note
Purchase Agreement dated July 29, 1994 between the Company and
Teachers Insurance and Annuity Association of America
(incorporated by reference to Exhibit 4.1 of the Company's
Quarterly Report on Form 10-Q for the quarter ended September 30,
1999).
4.6 Specimen stock certificate (incorporated by reference to Exhibit
4.3 of Amendment No. 2 to Form S-2 Registration Statement No.
333-25157 filed May 19, 1997).
5.1 Opinion of Blackwell Sanders Peper Martin LLP.
23.1 Consent of Deloitte & Touche LLP.
23.2 Consent of Blackwell Sanders Peper Martin LLP (included in
Exhibit 5.1).
24.1 See page 12 of this registration statement for Powers of Attorney
executed by certain officers and members of the Board of
Directors of the Registrant (included on signature page hereto).
Exhibit 5.1
----------------------------------------------------------
LETTERHEAD OF BLACKWELL SANDERS PEPER MARTIN LLP
----------------------------------------------------------
December 29, 1999
Atchison Casting Corporation
400 South Fourth Street
Atchison, Kansas 66002-0188
Ladies and Gentlemen:
We have acted as counsel to Atchison Casting Corporation, a Kansas
corporation (the "Company"), in connection with the proposed offering of up to
30,000 shares of common stock of the Company, $0.01 par value per share (the
"Common Stock"), pursuant to the Atchison Casting Corporation Savings Plan, up
to 270,000 shares of common stock pursuant to the Atchison Casting Corporation
401(k) Plan, up to 100,000 shares of Common Stock pursuant to the Atchison
Casting Corporation Hourly Employees 401(k) Plan, up to 25,000 shares of Common
Stock pursuant to the Empire Steel Castings, Inc. 401(k) Profit Sharing Plan for
Union Employees, up to 25,000 shares of Common Stock pursuant to the Quaker
Alloy, Inc. 401(k) Profit Sharing Plan for Union Employees, up to 45,000 shares
of Common Stock pursuant to the Inverness Castings Group, Inc. Hourly Employees
Retirement Plan and Trust, up to 35,000 shares of Common Stock pursuant to the
LaGrange Foundry, Inc. 401(k) Savings and Defined Contribution Plan, up to
45,000 shares of Common Stock pursuant to the PrimeCast 401(k) Savings and
Defined Contribution Plan, and up to 25,000 shares of Common Stock pursuant to
the Jahn Foundry Corporate Union 401(k) Plan, each as amended and restated
(collectively, the "Plans").
In connection with the foregoing, we have examined such documents,
corporate records and other instruments as we have deemed necessary or
appropriate in connection with this opinion. Based upon and subject to the
foregoing, we are of the opinion that when such shares of Common Stock have been
issued and sold by the Company in accordance with the terms of the Plans, such
shares will constitute legally issued, fully paid and non-assessable shares of
the Company.
We consent to the filing of this opinion as an exhibit to the
registration statement pursuant to which such shares will be sold and to the
reference to us in such registration statement.
Very truly yours,
/s/ Blackwell Sanders Peper Martin LLP
Exhibit 23.1
Independent Auditors' Consent
We consent to the incorporation by reference in this Registration Statement of
Atchison Casting Corporation on Form S-8 of our report dated August 13, 1999
(August 24, 1999 with respect to the third paragraph of Note 21), appearing in
the Annual Report on Form 10-K of Atchison Casting Corporation for the year
ended June 30, 1999.
/s/ Deloitte & Touche LLP
Kansas City, Missouri
December 28, 1999
