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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
AMENDMENT NO. 2
X ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
- --- EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the fiscal year ended December 31, 1995
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
- --- EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
Commission file number: 1-12592
WALDEN RESIDENTIAL PROPERTIES, INC.
(Exact name of Registrant as specified in its charter)
MARYLAND 75-2506197
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
ONE LINCOLN CENTRE, 5400 LBJ FREEWAY,
SUITE 400, LB 45, DALLAS, TEXAS 75240
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (214) 788-0510
SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT:
TITLE OF EACH CLASS: NAME OF EACH EXCHANGE ON WHICH REGISTERED:
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Common Stock, New York Stock Exchange
$.01 par value
SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT: NONE
Indicate by check mark whether 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 Registrant was
required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days.
YES X NO
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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
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The aggregate market value of the voting stock held by non-affiliates of the
registrant was $285,116,607 at March 4, 1996.
THE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING AT MARCH 4, 1996 WAS
14,248,115.
DOCUMENTS INCORPORATED BY REFERENCE
Certain information in the Registrant's definitive proxy statement to be filed
with the Securities and Exchange Commission related to the Company's 1996
Annual Meeting of Stockholders is incorporated by reference into Part III
hereof.
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EXPLANATORY NOTE
Walden Residential Properties, Inc., a Maryland corporation, hereby amends
its Annual Report on Form 10-K for the fiscal year ended December 31, 1995, as
amended, by revising the caption "Item 1. Business--Environmental Matters" to
read as follows:
The environmental assessments on each of the Properties have revealed
elevated lead content in the drinking water at three of the Properties and ACMs
at 25 of the Properties (some of which is friable, but in good and manageable
condition). The consulting firm that conducted the environmental studies has
prepared an operations and maintenance program recommending procedures to be
followed in dealing with ACMs if they are moved or otherwise disturbed. The
cost to the Company resulting from any future disturbance of the ACMs will
depend upon the magnitude of the disturbance and the location of the ACMs. The
consulting firm advised the Company that it is not required by Federal law to
take any action to address the lead levels in the water; however, the Company
is currently evaluating the remedial actions and notification options. The
Company anticipates any such remedial actions and notifications will cost
between $10,000 and $30,000 in the aggregate.
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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 representative thereunto duly authorized.
WALDEN RESIDENTIAL PROPERTIES, INC.
By / c / Mark S. Dillinger
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Mark S. Dillinger
Executive Vice President &
Chief Financial Officer
Date April 17, 1996
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