SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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): June 1, 1999
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KTI, INC.
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(Exact Name of Registrant as specified in its Charter)
New Jersey
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(State or Other Jurisdiction of Incorporation)
33-85234 22-2665282
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(Commission File Number) (IRS Employer Identification No.)
(201)854-7777
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(Registrant's Telephone Number, including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Item 2. Acquisition or Disposition of Assets
On June 1, 1999, the Registrant entered into an agreement with Loop Paper
Recycling, Inc., an Illinois corporation to sell substantially all the assets of
the Registrant's commercial recycling facility located in Franklin Park,
Illinois for an aggregate consideration of approximately $1,757,000. The
Registrant recorded a loss before income taxes of approximately $444,000 as a
result of this transaction.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
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99.1 Agreement for the Purchase of Assets dated June 1, 1999, by
and between KTI Recycling of Illinois, Inc. and Loop Paper
Recyclling, Inc. The schedules to this Exhibit 99.1 do not
contain information which is material to an investment
decision. The Company hereby agrees to furnish a copy of
any omitted schedule to the Commission upon request.
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 hereto duly authorized.
Date: October 27, 1999 KTI, INC.
(Registrant)
By: /s/ Martin J. Sergi
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Martin J. Sergi
President