5
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
***The purpose of this Amendment is to attach a Financial Data
Schedule under the correct Exhibit Number***
Annual Report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 for the fiscal year ended April 2, 1995,
Commission File Number 1-5109
TODD SHIPYARDS CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 91-1506719
(State or other jurisdiction of (IRS Employer I.D.No.)
incorporation or organization)
1801-16th Avenue SW, Seattle, WA 98134-1089 (206) 623-1635
(Address of principal executive offices)(zip code) Registrants
telephone number
Securities registered pursuant to Section 12(g) of the Act:
Name of each exchange on
Title of each class which registered
Common stock, $.01 par value per share New York Stock Exchange
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. X Yes 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 registrants 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 Yes No
The aggregate market value of voting stock held by non affiliates
of the registrant was approximately $60 million as of June 15,
1995. There were 9,938,987 shares of the corporations $.01 par
value common stock outstanding at June 15, 1995 held by non
affiliates.
APPLICABLE ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS
Indicate by check mark whether the registrant has filed all
documents and reports required to be filed by Sections 12, 13 or
15(d) of the Securities Exchange Act of 1934 subsequent to the
distribution of securities under a plan confirmed by a court.
X Yes No
<PAGE>
TODD SHIPYARDS CORPORATION INDEX TO EXHIBITS
Item 14(a)3
Exhibit
Number
3-1 Certificate of Incorporation of the Company *
dated November 29, 1990, filed in the Companys
Form 8-B Registration Statement dated January
15, 1991 Exhibit 3-1.
3-2 By-Laws of the Company dated November 29, 1990, *
as amended October 1, 1992 filed in the Companys
Form 10-K Report for 1993 as Exhibit 3-2.
10-1 Lease Agreement of floating drydock YFD-70 dated #
May 15, 1981 between the Company and amendments
thereto.
10-2 Lease Agreement of floating drydock YFD-54 dated #
April 1, 1987 between the Company and NAVSEA and
amendments thereto.
10-3 Collective Bargaining Agreement between Todd *
Pacific, Seattle Division and the Metal Trades
Dept. of the A.F.L.- C.I.O., the Pacific Coast
Metal Trades District Council, the Seattle Metal
Trades Council and the International Unions
signatory thereto dated April 1, 1993 filed in the
Companys Form 10-K Annual Report for 1994 as
Exhibit 10-4.
10-4 Project Agreement between Todd Pacific, Seattle #
Division and the Metal Trades Dept. of the A.F.L.
- C.I.O., the Pacific Coast Metal Trades District
Council, the Seattle Metal Trades Council and the
International Unions signatory thereto dated August
1994.
10-5 Unsigned executed copy of Harbor Area Lease #
Agreement No. HA-2202 dated March 21, 1985 between
the Company and the State of Washington Dept. of
Natural Resources.
10-6 Harbor Area Lease Agreement No. 2590 dated #
December 13, 1982 between the Company and the State
of Washington Dept. of Natural Resources.
10-7 Harbor Area Lease Agreement No. 22-090038 dated #
September 1, 1986 between the Company and the State
of Washington Dept. of Natural Resources.
10-8 Harbor Area Lease Agreement No. 22-090039 dated #
September 1, 1986 between the Company and the State
of Washington Dept. of Natural Resources.
10-9 Savings Investment Plan of the Company effective #
April 1, 1989.
10-10 Todd Shipyards Corporation Retirement System Plan #
and Amendments thereto.
10-11 Contracts for the Modification and Repair of the *
SS Kauai and for the SS Maui for the Matson
Navigation Company, Inc. by Todd Pacific dated
February 4, 1993 filed in the Companys Form 10-K
Annual Report for 1994 as Exhibit 10-12.
10-12 Contract with the State of Washington for repair *
of the MV Tillikum by Todd Pacific dated May 10,
1993 filed in the Companys Form 10-K
Annual Report for 1994 as Exhibit 10-13.
10-13 Purchase and Sale Agreement and Deed of Trust *
relating to the sale of the Companys Galveston
facility to the Galveston Wharves dated December
16, 1993 filed in the Companys Form 10-K
Annual Report for 1994 as Exhibit 10-14.
10-14 Employment contract between Todd Pacific and Roland #
H. Webb dated December 27, 1994.
10-15 Contract between Todd Pacific and the Washington #
State Ferries, a division of the Washington State
Department of Transportation for the construction of
one Jumbo Mark II Class Ferry dated January 30, 1995.
10-16 Contract No. N000024-91-C-8503 between Todd Pacific #
and the Department of the Navy for the maintenance
and repair of supply ships.
10-17 Documents pertaining to the bonding arrangements of #
Todd Pacific relating to the Ferry Contract (Exhibit
10-16): Underwriting and Continuing Indemnity Agreement,
Security Agreement, Pledge Agreement, Intercompany
Credit Agreement, Preferred Mortgage of vessel
EMERALD SEA, UCC-1 Financing Statement, and UCC-2
Fixture Statement.
10-18 Documents pertaining to revolving line of credit #
agreement between Todd Pacific and U.S. Bank of
Washington, National Association: Security Agreement,
Commercial Guaranties, Corporate Resolution to Borrow,
Corporate Resolutions to Guaranty/Grant Collateral,
Business Loan Agreement, Disbursement Request and
Authorization Agreement, Accounts Receivable Collateral
Parameters Agreement, Promissory Note, and UCC-1
Financing Agreement.
10-19 Todd Shipyards Corporation Incentive Stock #
Compensation Plan effective October 1, 1993, approved
by the shareholders of the Company at the 1994 Annual
Meeting of Shareholders.
10-20 Grants of Incentive Stock Option dated June 24, 1994 #
and September 29, 1994 to certain officers of the
Company and Todd Pacific pursuant to the Incentive
Stock Compensation Plan (Exhibit 10-19).
10-21 Separation Agreement between the Company and David #
K. Gwinn dated March 3, 1995.
18-1 Letter dated 8/17/94 from Ernst & Young, LLP *
regarding changes in accounting principles.
22-1 Subsidiaries of the Company. #
27 Financial Data Schedule #
28-1 Unsigned unexecuted copy of Indemnity Agreement #
between the Company and ACSTAR Insurance Company.
28-2 Letters dated April 25, May 7 and June 8, 1990 *
between the Company and ACSTAR Insurance Company
in respect to the terms of the Surety Agreement
between the parties and the Court order dated
July 2, 1990 authorizing the Company to enter into
the Surety Agreement and the Indemnity Agreement
(Exhibit 28-3), filed in the Companys Form 10-K
Annual Report for 1991 as Exhibit 28-4(a).
Note: All Exhibits are in SEC File Number 1-5109.
* Incorporated herein by reference.
# Filed herewith.
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15 (d) of the
Securities Exchange Act of 1934 the registrant has duly caused
this Annual Report to be signed on its behalf by the undersigned,
thereunto duly authorized.
TODD SHIPYARDS CORPORATION
Registrant
By: /s/ Stephen G. Welch
Stephen G. Welch
Vice President, Chief Financial
Officer and Treasurer
June 16, 1995
Pursuant to the requirements of the Securities Exchange Act of
1934, this report has been signed below by the following persons
on behalf of the registrant and in the capacities and on the
dates indicated:
/s/ Brent D. Baird /s/ Steven A. Clifford
Brent D. Baird, Director Steven A. Clifford, Director
June 19, 1995 June 19, 1995
/s/ Patrick W.E. Hodgson /s/ Joseph D. Lehrer
Patrick W.E. Hodgson, Joseph D. Lehrer, Director
Chairman, Chief Executive June 16, 1995
Officer, and Director
June 16, 1995
/s/ Philip N. Robinson /s/ John D. Weil
Philip N. Robinson, Director John D. Weil, Director
June 16, 1995 June 19, 1995
/s/ Stephen G. Welch
Stephen G. Welch
Vice President, Chief Financial
Officer and Treasurer
Principal Financial Officer and
Principal Accounting Officer
June 16, 1995
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<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> APR-02-1995
<PERIOD-END> APR-02-1995
<CASH> 12,279
<SECURITIES> 41,901
<RECEIVABLES> 7,314
<ALLOWANCES> 548
<INVENTORY> 7,455
<CURRENT-ASSETS> 68,462
<PP&E> 61,129
<DEPRECIATION> 36,577
<TOTAL-ASSETS> 110,924
<CURRENT-LIABILITIES> 17,758
<BONDS> 0
<COMMON> 120
0
0
<OTHER-SE> 71,757
<TOTAL-LIABILITY-AND-EQUITY> 110,924
<SALES> 69,096
<TOTAL-REVENUES> 69,096
<CGS> 45,234
<TOTAL-COSTS> 67,994
<OTHER-EXPENSES> (2,300)
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 3,402
<INCOME-TAX> 0
<INCOME-CONTINUING> 3,402
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 438
<NET-INCOME> 3,840
<EPS-PRIMARY> .36
<EPS-DILUTED> .36
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