1
EXHIBIT 10(d)
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
(MARK ONE:)
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES AND EXCHANGE
ACT OF 1934 (FEE REQUIRED)
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1994
[ ] TRANSACTION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 (FEE REQUIRED)
FOR THE TRANSITION PERIOD FROM TO
COMMISSION FILE NUMBER: 1-4014
A. Full title of the plan and the address of the plan, if different from
that of the issuer named below:
AMDEL INC. EMPLOYEE INVESTMENT PLAN
B. Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office:
FINA, INC.
(FORMERLY NAMED AMERICAN PETROFINA, INCORPORATED)
FINA PLAZA
8350 N. CENTRAL EXPRESSWAY
DALLAS, TEXAS 75206
2
AMDEL INC. EMPLOYEE INVESTMENT PLAN
FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES
DECEMBER 31, 1994 AND 1993
(WITH INDEPENDENT AUDITORS' REPORT THEREON)
3
[Peat Marwick LLP Letterhead]
INDEPENDENT AUDITORS' REPORT
The Plan Committee
Amdel Inc. Employee Investment Plan:
We have audited the accompanying statements of net assets available for
plan benefits of the Amdel Inc. Employee Investment Plan as of December 31,
1994 and 1993 and the related statements of changes in net assets available for
plan benefits for the years then ended. These financial statements are the
responsibility of the Plan's management. Our responsibility is to express an
opinion on these financial statements based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly,
in all material respects, the net assets available for plan benefits of the
Amdel Inc. Employee Investment Plan as of December 31, 1994 and 1993, and the
changes in net assets available for plan benefits for the years then ended in
conformity with generally accepted accounting principles.
Our audits were made for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of assets
held for investment and reportable transactions are presented for the purpose
of additional analysis and are not a required part of the basic financial
statements but are supplementary information required by the Department of
Labor's Rules and Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974. The supplemental schedules have been
subjected to the auditing procedures applied in the audits of the basic
financial statements and, in our opinion, are fairly stated in all material
respects in relation to the basic financial statements taken as a whole.
/s/ KPMG PEAT MARWICK LLP
KPMG Peat Marwick LLP
Dallas, Texas
March 31, 1995
4
AMDEL INC. EMPLOYEE INVESTMENT PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
DECEMBER 31, 1994 AND 1993
FINA, INC. U.S. TREASURY
TOTAL COMMON STOCK OBLIGATIONS
--------- ------------ -------------
December 31, 1994:
Investments, at fair value:
FINA, Inc., Class A common stock (4,755 shares;
cost of $333,015) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 325,123 325,123 -
The Boston Company Intermediate Government Securities Fund
(17,414 shares; cost of $224,171) . . . . . . . . . . . . . . . . . . . . . 207,050 - 207,050
Money market investments . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,760,491 4,439 -
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,601 1 -
Interest receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,124 44 -
Contributions receivable from employees . . . . . . . . . . . . . . . . . . . . . 52,983 6,537 2,909
Contributions receivable from employing companies . . . . . . . . . . . . . . . . 41,006 5,220 2,689
---------- ------- -------
Plan assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,402,378 341,364 212,648
Forfeitures available for future use . . . . . . . . . . . . . . . . . . . . . . . (7,635) - -
Amounts due others . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,678) (4,386) (31)
---------- ------- -------
Net assets available for plan benefits . . . . . . . . . . . . . . . . . . . $2,390,065 336,978 212,617
========== ======= =======
December 31, 1993:
Investments, at fair value:
FINA, Inc., Class A common stock (4,631 shares;
cost of $320,833) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 318,381 318,381 -
The Boston Company Intermediate Government Securities Fund
(14,458 shares; cost of $186,165) . . . . . . . . . . . . . . . . . . . . 189,981 - 189,981
Money market investments . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,605,572 11,200 -
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 851 - 850
Interest receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,369 36 -
Contributions receivable from employees . . . . . . . . . . . . . . . . . . . . . 49,688 6,378 2,730
Contributions receivable from employing companies . . . . . . . . . . . . . . . . 38,941 5,169 2,527
---------- ------- -------
Plan assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,207,783 341,164 196,088
Forfeitures available for future use. . . . . . . . . . . . . . . . . . . . . . . (7,333) - -
Amounts due others . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (850) - (850)
---------- ------- -------
Net assets available for plan benefits . . . . . . . . . . . . . . . . . . $2,199,600 341,164 195,238
========== ======= =======
TBC POOLED RETIREMENT
EMPLOYEE MONEY COMPANY
FUND MARKET FUND FORFEITURES
---------- ----------- -----------
December 31, 1994:
Investments, at fair value:
FINA, Inc., Class A common stock (4,755 shares;
cost of $333,015) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - -
The Boston Company Intermediate Government Securities Fund
(17,414 shares; cost of $224,171) . . . . . . . . . . . . . . . . . . . . . - - -
Money market investments . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,756,052 - -
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - 7,600
Interest receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,045 - 35
Contributions receivable from employees . . . . . . . . . . . . . . . . . . . . . 43,537 - -
Contributions receivable from employing companies . . . . . . . . . . . . . . . . 33,097 - -
--------- -------- --------
Plan assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,840,731 - 7,635
Forfeitures available for future use . . . . . . . . . . . . . . . . . . . . . . . - - (7,635)
Amounts due others . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (261) - -
--------- --------- --------
Net assets available for plan benefits . . . . . . . . . . . . . . . . . . . 1,840,470 - -
========= ========= ========
December 31, 1993:
Investments, at fair value:
FINA, Inc., Class A common stock (4,631 shares; cost of
$320,833) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - -
The Boston Company Intermediate Government Securities Fund
(14,458 shares; cost of $186,165) . . . . . . . . . . . . . . . . . . . . . - - -
Money market investments . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,587,053 - 7,319
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 - -
Interest receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,319 - 14
Contributions receivable from employees . . . . . . . . . . . . . . . . . . . . . 40,580 - -
Contributions receivable from employing companies . . . . . . . . . . . . . . . . 31,245 - -
--------- ------- ---------
Plan assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,663,198 - 7,333
Forfeitures available for future use. . . . . . . . . . . . . . . . . . . . . . . - - (7,333)
Amounts due others . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - -
--------- ------- ---------
Net assets available for plan benefits . . . . . . . . . . . . . . . . . . 1,663,198 - -
========= ======= =========
See accompanying notes to financial statements.
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AMDEL INC. EMPLOYEE INVESTMENT PLAN
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS
YEARS ENDED DECEMBER 31, 1994 AND 1993
FINA, INC. U.S. TREASURY
TOTAL COMMON STOCK OBLIGATIONS
---------- ------------ -------------
Year ended December 31, 1994:
Allotments and contributions:
Basic allotments by employees . . . . . . . . . . . . . . . . . . . . . . . . . $ 516,059 55,689 32,241
Additional allotments by employees . . . . . . . . . . . . . . . . . . . . . . 150,557 24,304 3,829
Contributions by employing companies . . . . . . . . . . . . . . . . . . . . . 516,059 63,561 33,176
---------- ------- -------
1,182,675 143,554 69,246
---------- ------- -------
Investment income (loss):
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,936 14,117 10,819
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58,774 - -
Other expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,525) - (280)
Net depreciation in fair values of investments . . . . . . . . . . . . . . . . (25,914) (7,000) (18,914)
---------- ------- -------
55,271 7,117 (8,375)
---------- ------- -------
Withdrawals:
In cash and in kind . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,047,481 154,782 43,052
Forfeitures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - -
---------- ------- -------
- - -
---------- ------- -------
1,047,481 154,782 43,052
---------- ------- -------
Transfers among funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - (75) (440)
---------- ------- -------
Net increase (decrease) in net assets available for plan benefits . . . . 190,465 (4,186) 17,379
Net assets available for plan benefits:
Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,199,600 341,164 195,238
---------- ------- -------
End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,390,065 336,978 212,617
========== ======= =======
Year ended December 31, 1993:
Allotments and contributions:
Basic allotments by employees . . . . . . . . . . . . . . . . . . . . . . . . . . $ 489,501 51,975 31,963
Additional allotments by employees . . . . . . . . . . . . . . . . . . . . . . . 129,714 23,049 3,803
Contributions by employing companies . . . . . . . . . . . . . . . . . . . . . . 501,496 72,252 32,141
---------- ------- -------
1,120,711 147,276 67,907
---------- ------- -------
Investment income (loss):
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,562 14,254 9,308
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,784 249 -
Other income (expense) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7,595) 3,878 -
Net appreciation in fair values of investments . . . . . . . . . . . . . . . . . 49,059 44,939 4,120
---------- ------- -------
105,810 63,320 13,428
---------- ------- -------
Withdrawals:
In cash and in kind . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 944,494 161,822 55,667
Forfeitures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,250 2,020 -
---------- ------- -------
951,744 163,842 55,667
---------- ------- -------
Transfers among funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - -
---------- ------- -------
Net increase (decrease) in net assets available for plan benefits . . . . . 274,777 46,754 25,668
Net assets available for plan benefits:
Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,924,823 294,410 169,570
---------- ------- -------
End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,199,600 341,164 195,238
========== ======= =======
TBC POOLED RETIREMENT
EMPLOYEE MONEY COMPANY
FUND MARKET FUND FORFEITURES
---------- ----------- -----------
Year ended December 31, 1994:
Allotments and contributions:
Basic allotments by employees . . . . . . . . . . . . . . . . . . . . . . . . . 428,129 - -
Additional allotments by employees . . . . . . . . . . . . . . . . . . . . . . 122,424 - -
Contributions by employing companies . . . . . . . . . . . . . . . . . . . . . 419,322 - -
--------- ----------- -----------
969,875 - -
--------- ----------- -----------
Investment income (loss):
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - -
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58,774 - -
Other expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,245) - -
Net depreciation in fair values of investments . . . . . . . . . . . . . . . . - - -
--------- ----------- -----------
56,529 - -
--------- ----------- -----------
Withdrawals:
In cash and in kind . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 849,647 - -
Forfeitures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - -
--------- ----------- -----------
849,647 - -
--------- ----------- -----------
Transfers among funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 515 - -
--------- ----------- -----------
Net increase (decrease) in net assets available for plan benefits . . . . . 177,272 -
Net assets available for plan benefits:
Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,663,198 - -
--------- ----------- -----------
End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,840,470 - -
========= ============ ============
Year ended December 31, 1993:
Allotments and contributions:
Basic allotments by employees . . . . . . . . . . . . . . . . . . . . . . . . . 405,563 - -
Additional allotments by employees . . . . . . . . . . . . . . . . . . . . . . 102,862 - -
Contributions by employing companies . . . . . . . . . . . . . . . . . . . . . 397,103 - -
--------- ----------- -----------
905,528 - -
--------- ----------- -----------
Investment income (loss):
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - -
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,535 - -
Other income (expense) . . . . . . . . . . . . . . . . . . . . . . . . . . . . (11,473) - -
Net appreciation in fair values of investments . . . . . . . . . . . . . . . . - - -
--------- ----------- -----------
29,062 - -
--------- ----------- -----------
Withdrawals:
In cash and in kind . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 727,005 - -
Forfeitures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,230 - -
--------- ----------- -----------
732,235 - -
--------- ----------- -----------
Transfers among funds 1,460,843 (1,460,843) -
--------- ----------- ----------
Net increase (decrease) in net assets available for plan benefits. . . . . 1,663,198 (1,460,843) -
Net assets available for plan benefits:
Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - 1,460,843 -
--------- ---------- -----------
End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,663,198 - -
========= ========== ===========
See accompanying notes to fmancial statements.
6
AMDEL INC. EMPLOYEE INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1994 AND 1993
(1) GENERAL AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(a) General
The Amdel Inc. Employee Investment Plan (the Plan) operates for the
benefit of certain employees of American Petrofina Pipe Line Company and
certain employees of Fina Oil and Chemical Company (FOCC), both of which are
wholly-owned subsidiaries of FINA, Inc. and are hereafter referred to as
"employing companies."
The Plan is a defined contribution plan covering certain full-time
employees of the employing companies who have completed six months of service.
The Plan is subject to the provisions of the Employee Retirement Income
Security Act of 1974, as amended (ERISA). The following description of the Plan
reflects all Plan amendments and is provided for general purposes only.
Participants should refer to the Plan document for more complete information.
The Plan is administered by the Committee appointed by and acting on
behalf of the Board of Directors of FOCC. Pursuant to the Plan's trust
agreement, an independent trustee (Trustee) maintains custody of the Plan's
assets. The Boston Safe Deposit and Trust Company serves as the Trustee.
(b) Basis of Presentation
The accompanying financial statements of the Plan have been prepared on an
accrual basis using fair values for investments. The fair values of investments
are based on closing market quotations or listed redeemable values. Security
transactions are recorded on a trade date basis.
(c) Expenses Relating to Investment Securities
Expenses relating to the purchase or sale of investment securities are
added to the cost or deducted from the proceeds, respectively.
(d) Expenses of Administering the Plan
All costs and expenses incurred in administering the Plan, including the
fees and expenses of the Trustee, the fees of its counsel and other
administrative expenses, are the responsibility of the employing companies
through June 30, 1994. Beginning July 1, 1994 all Trustee's and record keeping
costs and expenses incurred in administering the Plan are the responsibility of
the Plan's participants.
(e) Contributions
Participants may elect to contribute up to 10% of their basic compensation
to the Plan. The employing company will contribute an amount equal to the
lesser of the amount contributed by the participant or 5% of the participant's
basic compensation. Employing company contributions are reduced by
participants' forfeitures.
(f) Investment Program and Vesting
The Trustee of the Plan by law retains responsibility for the investments
of the Plan. Consistent with the fiduciary standards of ERISA, safeguards are
adhered to in protecting the interests of Plan participants and their
beneficiaries.
A participant may direct the proportions of his or her allotments,
employer contributions, and any earnings received by the Trustee for his or her
account into a money market fund, government securities fund, or the Class A
common stock of FINA, Inc. In the absence of direction, all amounts will be
held in cash
7
AMDEL INC. EMPLOYEE INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS - (Continued)
without interest. Participants become completely vested in contributions of the
employing companies upon five years of service with the employing company.
A description of such rights and provisions and an explanation of the
treatment of forfeitures and other matters are contained in the Plan document.
Participation in each investment option at December 31, 1994 and 1993 is
presented below. The sum of participation by investment option is greater than
the total number of Plan participants because participation is allowed in more
than one option.
A summary of participants by investment options follows:
1994 1993
---- ----
FINA, Inc. Class A common stock. . . . 54 39
Government securities fund . . . . . . 28 23
Money market fund . . . . . . . . . . 230 108
(g) Withdrawals
A participant may withdraw securities and cash attributable to his or her
allotments at any time. Withdrawal of any part of the amounts attributable to
the employing companies' contributions, except on retirement under the Amdel
Inc. Noncontributory Retirement Plan, death or disability, is contingent upon
completion of five years of service. Any amounts not eligible for withdrawal
due to employee termination are forfeited and applied to reduce subsequent
employing companies' contributions. In certain circumstances, amounts forfeited
may be restored to terminated employees who are subsequently reemployed
provided they repay the amount previously withdrawn or distributed.
Withdrawals in cash and in kind in the accompanying financial statements
represent the fair value of the assets at date of distribution.
(h) Form 5500 Reconciliation
The net assets available for plan benefits and withdrawals reported in the
Plan's Form 5500 are different from the corresponding amount reported in the
accompanying fmancial statements by $752,554 and $47,611, respectively, as of
and for the year ended December 31, 1994 and $800,165 and ($39,547),
respectively, as of and for the year ended December 31, 1993. These differences
relate to the classification of withdrawals currently payable to participants.
(2) FEDERAL INCOME TAXES
The Plan has obtained from the Internal Revenue Service a determination
letter indicating that the Plan qualifies under the provisions of Section
401(a) of the Internal Revenue Code and, accordingly, is exempt from Federal
income taxes under Section 501(a). The United States Federal income tax status
of the participants with respect to their contributions to the Plan is
described in information submitted to the participants and subject to certain
limitations.
During 1994, a new Plan document was submitted to the Internal Revenue Service
for determination of its exception of Federal Income taxes under section 501(a).
A favorable determination letter is expected from the Internal Revenue Service
for the new plan document.
(3) PLAN TERMINATION
Although they have not expressed any intent to do so, the employing companies
have the right under the Plan to discontinue their contributions at any time
and to terminate the Plan subject to the provisions of ERISA. In the event of
Plan termination, participants will become 100% vested in their accounts.
2
8
SCHEDULE I
AMDEL INC EMPLOYEE INVESTMENT PLAN
ITEM 27(A) - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
DECEMBER 31, 1994
NUMBER OF CURRENT
IDENTITY OF MARKETABLE INVESTMENT DESCRIPTION OF INVESTMENT SHARES/UNITS COST VALUE
- --------------------------------- -------------------------- ------------ ---- ---------
(IN THOUSANDS EXCEPT PER SHARE/UNIT AMOUNTS)
FINA, Inc. Class A common stock Common Stock 4,755 $ 333,015 $ 325,123
The Boston Company Intermediate
Government Securities Fund . . Government Securities 17,414 224,171 207,050
TBC Inc. Pooled Employee Daily
Liquidity Fund . . . . . . . Money Market Fund 1,760,491 1,760,491 1,760,491
---------- ----------
$2,317,677 $2,292,664
========== ==========
See accompanying independent auditors' report.
9
SCHEDULE 2
AMDEL INC. EMPLOYEE INVESTMENT PLAN
ITEM 27(D) - SCHEDULE OF REPORTABLE TRANSACTIONS
YEAR ENDED DECEMBER 31, 1994
CURRENT VALUE
OF ASSET ON
NUMBER OF PURCHASE SELLING COST OF TRANSACTION NET
DESCRIPTION OF ASSET TRANSACTIONS PRICE PRICE ASSET DATE (LOSS)
-------------------- ------------ ---------- ----------- ----------- -------------- --------
Purchases:
FINA, Inc. Class A
common stock . . . . . . . . 15 $ 134,236 $ - $ 134,236 $ 134,236 $ -
TBC Inc. Pooled Employee Daily
Liquidity Fund . . . . . . . 69 1,857,042 - 1,857,042 1,857,042 -
Sales:
FINA, Inc. Class A
common stock . . . . . . . . 1 - 33,246 33,878 33,246 (632)
TBC Inc. Pooled Employee Daily
Liquidity Fund . . . . . . . 44 - 1,694,523 1,694,523 1,694,523 -
See accompanying independent auditors' report.
10
[Peat Marwick LLP Letterhead]
CONSENT OF INDEPENDENT AUDITORS
The Plan Committee
Amdel Inc. Employee Investment Plan:
We consent to incorporation by reference in the Registration Statement (No.
2-49321) on Form S-8 of FINA, Inc. of our report dated March 31, 1995, relating
to the statements of net assets available for plan benefits of the Amdel Inc.
Employee Investment Plan as of December 31 1994 and 1993, and the related
statements of changes in net assets available for plan benefits for the years
then ended, and the related supplemental schedules, which report appears in the
December 31, 1994 annual report on Form 11-K of the Amdel Inc. Employee
Investment Plan.
/s/ KPMG PEAT MARWICK LLP
KPMG Peat Marwick LLP
Dallas, Texas
March 31, 1995
11
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of
1934, the trustees (or other persons who administer the employee benefit plan)
have duly caused this annual report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMDEL INC.
EMPLOYEE INVESTMENT PLAN
/s/ CULLEN M. GODFREY
---------------------------------
Cullen M.Godfrey
Vice President, Secretary and
General Counsel of the Registrant
Dated: April 25, 1995