1 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): October 28, 1998 KTI, INC. (Exact name of Registrant as specified in Charter) New Jersey 33-85234 22-2665282 (State or other juris- (Commission (IRS Employer diction of incorporation) File Number) Identification Number) 7000 Boulevard East, Guttenberg, New Jersey 07093 (Address of principal executive office) (Zip Code) Registrant's telephone number including area code- (201) 854-7777 Not Applicable (Former name and former address, as changed since last report) 2 Item 5. Other Events. On October 28, 1998, KTI, Inc., a New Jersey corporation (the Company or the Registrant) purchased substantially all of the assets of Russell Stull Co., Inc., Capitol City Transfer, Inc. and TWTS, Inc., all Maine corporations ("collectively, the Russell Stull Companies") for shares of KTI, Inc. common stock having a value of approximately of $1.4 million. The Company is purchasing the assets of the Russell Stull Companies subject to existing debt of $600,000. The Russell Stull Companies have their headquarters in Scarborough, Maine. They are in the business of hauling non-hazardous waste management in the State of Maine and had revenues of approximately $2.5 million in 1997. 3 ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits. Exhibit Number Description - -------------- ----------- 4.1 Agreement and Plan of Reorganization dated as of October 28, 1998, by and among KTI Specialty Waste Services, Inc., Russell Stull Company, Capitol City Transfer, Inc. and TWTS, Inc., all Maine corporations and Russell G. Stull. The exhibits to the Agreement and Plan of Reorganization do not contain information which is material to an investment decision. 4.2 News Release dated November 4, 1998 4 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. (the Registrant) Dated: November 4, 1998 By: /s/ Martin J. Sergi ------------------------------- Name: Martin J. Sergi Title: President