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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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):
November 25, 1996
KTI, INC.
(Exact name of Registrant as specified in Charter)
New Jersey 33-85234 22-2665282
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(State or other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification
Number)
7000 Boulevard East, Guttenberg, New Jersey 07093
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(Address of principal executive office) (Zip Code)
Registrant's telephone number including area code- (201) 854-7777
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Not Applicable
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(Former name and former address, as changed since last report)
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ITEM 5. OTHER EVENTS
On November 25, 1996, KTI, Inc. executed an agreement to purchase all of the
common stock of Manner, Inc. ("Manner"), a Maryland corporation. Manner is a
broker of recycled plastics nation-wide. KTI acquired Manner for 65,000 shares
of KTI stock.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibits.
Exhibit Number Description
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4.1 Securities Purchase Agreement by and among
KTI Plastic Recycling, Inc. and Diane
Goodman and Seth Lehner dated as of November
25, 1996. The schedules to this Exhibit do
not contain information which is material to
an investment decision and which is not
otherwise disclosed in the Securities
Purchase Agreement. The schedules include a
Registration Rights Agreement, covenants not
to compete and Employment Agreements. The
Company hereby agrees to furnish a copy of
any omitted schedule to the Commission upon
request.
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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.
KTI, Inc.
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(Registrant)
Dated: November 25, 1996 By: /s/Martin J. Sergi
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Name: Martin J. Sergi
Title: President
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EXHIBIT INDEX
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Exhibit
Number Description
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4.1 Securities Purchase Agreement by and among KTI Plastic Recycling,
Inc. and Diane Goodman and Seth Lehner dated as of November 25,
1996. The schedules to this Exhibit do not contain information
which is material to an investment decision and which is not
otherwise disclosed in the Securities Purchase Agreement. The
schedules include a Registration Rights Agreement, covenants not to
compete and Employment Agreements. The Company hereby agrees to
furnish a copy of any omitted schedule to the Commission upon
request.