SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 3, 1998
STRUTHERS INDUSTRIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-2707 73-074655
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
c/o Chapter 11 Trustee,
Utica Plaza Building, 2100 S. Utica Ave. Suite 300,
Tulsa, Oklahoma 74114
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(Address of principal executive offices)
Registrant's telephone number, including area code:(918) 747-6500
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Item 3. Bankruptcy or Receivership.
On March 9, 1998, the Registrant filed a voluntary petition
in the United States Bankruptcy Court for the Northern District
of Oklahoma, Case No. 98-00882-R, seeking to reorganize under
Chapter 11 of the United States Bankruptcy Code. On March 20,
1998, the Bankruptcy Court ordered the appointment of an
examiner, and P. David Newsome, Jr., was appointed as examiner,
to investigate and report on matters concerning the Registrant's
business and affairs.
Item 5. Other Events.
The Bankruptcy Court commenced a hearing on March 31, 1998,
which was completed on April 2, 1998, to consider a creditor
request seeking appointment of a trustee to administer the
Registrant's operations and reorganization. At the hearing the
Court accepted the report of Mr. Newsome, as examiner, together
with the testimony of various witnesses, including the former
President of the Registrant, G. David Gordon, Jr. At the
conclusion of the hearing on April 2, 1998, the Court ordered the
appointment of a Chapter 11 Trustee and on April 3, 1998,
approved the appointment of Neal Tomlins, Esq., as Chapter 11
Bankruptcy Trustee for the Registrant.
It is the Trustee's intention to apply to the Securities and
Exchange Commission ("SEC") to modify the Registrant's reporting
obligations under the Securities Exchange Act of 1934, as amended
("Exchange Act"), in order to file a copy of the Monthly
Financial Report for the Registrant, as prepared for the
Bankruptcy Court, through the use of monthly Current Reports on
Form 8-K, in lieu of filing Quarterly Reports on From 10-Q, (and,
potentially, the Registrant's Annual Report on Form 10-K).
Pending receipt of approval from the SEC to allow such modified
filings under the Exchange Act, the Trustee expects to begin
filing the Monthly Financial Reports through the use of Form 8-K,
commencing with the period beginning May 1, 1998.
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.
STRUTHERS INDUSTRIES, INC.
Date: April 14, 1998 By: /s/ Neal Tomlins
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Neal Tomlins, Esq.,
Chapter 11 Trustee
