1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------------------------------
FORM 10-K/A
Annual Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
For the fiscal year ended November 30, 2000
Commission file number 333-49957-01
------------------------------------
EAGLE-PICHER HOLDINGS, INC.
A Delaware Corporation
I.R.S. Employer Identification
NO. 13-3989553
------------------------------------
250 EAST FIFTH STREET, SUITE 500, P.O. BOX 779, CINCINNATI, OHIO 45201
Registrant's telephone number, including area code:
513-721-7010
------------------------------------
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act: None
EAGLE-PICHER HOLDINGS, INC. IS FILING THIS REPORT VOLUNTARILY IN ORDER TO COMPLY
WITH THE REQUIREMENTS OF THE TERMS OF ITS 9 3/8% SENIOR SUBORDINATED NOTES AND
11 3/4% SERIES B CUMULATIVE EXCHANGEABLE PREFERRED STOCK AND IS NOT REQUIRED TO
FILE THIS REPORT PURSUANT TO EITHER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
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 Act of 1934 during
the preceding 12 months, and (2) has been subject to such filing requirements
for the past 90 days.
Yes [ ] No [X] (See explanatory note immediately above.)
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 registrant's 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]
No voting stock is held by non-affiliates of the registrant.
Indicate by check mark whether Eagle-Picher Industries, Inc., an additional
registrant on this filing, has filed all documents and reports required to be
filed by Section 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.
Yes [X] No [ ]
625,001 shares of Class A voting common capital stock, $.01 par value each, were
outstanding at February 23, 2001.
374,999 shares of Class B non-voting common capital stock, $.01 par value each,
were outstanding at February 23, 2001.
2
TABLE OF ADDITIONAL REGISTRANTS
JURISDICTION OF IRS EMPLOYER
INCORPORATION OR COMMISSION IDENTIFICATION
NAME ORGANIZATION FILE NUMBER NUMBER
---- ---------------- ------------ ------------------
Eagle-Picher Industries, Inc. Ohio 333-49957 31-0268670
Daisy Parts, Inc. Michigan 333-49957-02 38-1406772
Eagle-Picher Development Co., Inc. Delaware 333-49957-03 31-1215706
Eagle-Picher Far East, Inc. Delaware 333-49957-04 31-1235685
Eagle-Picher Minerals, Inc. Nevada 333-49957-06 31-1188662
Eagle-Picher Technologies, LLC Delaware 333-49957-09 31-1587660
Hillsdale Tool & Manufacturing Co. Michigan 333-49957-07 38-0946293
EPMR Corporation (f/k/a Michigan Michigan 333-49957-08 38-2185909
Automotive Research Corp.)
TABLE OF CONTENTS
ITEM PAGE
- ---- ----
PART I
1. Business.................................................... 3
2. Properties.................................................. 10
3. Legal Proceedings........................................... 11
4. Submission of Matters to a Vote of Security Holders......... 15
PART II
5. Market for the Registrant's Common Equity and Related 16
Stockholder Matters.........................................
6. Selected Financial Data..................................... 16
7. Management's Discussion and Analysis of Financial Condition 17
and Results of Operations...................................
7a. Quantitative and Qualitative Disclosures About Market 28
Risk........................................................
8. Financial Statements and Supplementary Data................. 30
(Pages 41, 45, 46, 47 and 64 amended March 8, 2001.)
9. Changes In and Disagreements with Accountants on Accounting 68
and Financial Disclosure....................................
PART III
10. Directors and Executive Officers of the Registrant.......... 68
11. Executive Compensation...................................... 69
12. Security Ownership of Certain Beneficial Owners and 74
Management..................................................
13. Certain Relationships and Related Transactions.............. 75
PART IV
14. Exhibits, Financial Statement Schedules, and Reports on Form 76
8-K.........................................................
Signatures.................................................. 80
Exhibit Index............................................... 88
2
3
EAGLE-PICHER HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
E. INVENTORIES
Inventories consisted of:
2000 1999
-------- -------
Raw materials and supplies.................................. $ 49,698 $46,500
Work-in-process............................................. 39,277 27,702
Finished goods.............................................. 15,622 16,391
-------- -------
104,597 90,593
Adjustment to state inventory at LIFO value................. (1,079) (94)
-------- -------
$103,518 $90,499
======== =======
The percentage of inventories valued using the LIFO method was 86% in 2000
and 82% in 1999. In conjunction with purchase accounting, new LIFO base layers
were established based on inventory levels at March 1, 1998. The effects of
liquidations of LIFO inventory quantities carried at lower costs prevailing in
prior years were not material. The Company made an adjustment to increase
inventory $1,986 in the fourth quarter of 2000 to adjust standard costs at
certain operations.
F. OTHER ASSETS
Other assets consisted of:
2000 1999
------- -------
Prepaid pension cost -- Note M.............................. $51,391 $45,167
Debt issuance costs, net of accumulated amortization of
$8,861 in 2000 and $5,615 in 1999......................... 17,715 20,910
Other....................................................... 17,072 6,900
------- -------
$86,178 $72,977
======= =======
The debt issuance costs are being amortized on a straight-line basis over
the term of the related debt.
G. LONG-TERM DEBT, SHORT TERM BORROWINGS AND LEASE COMMITMENTS
Long-term debt consisted of:
2000 1999
-------- --------
Credit Agreement:
Revolving Credit Facility
8.87%, due 2004........................................ $105,660 $136,000
Accounts Receivable Loan Agreement
8.0%, due 2000......................................... 42,750 63,750
Term Loan
8.87%, due 2003........................................ 66,834 81,156
Senior Subordinated Notes
9 3/8%, due 2008.......................................... 220,000 220,000
Industrial Revenue Bonds
4.1% to 6.6%, due 2005 and 2012........................... 18,700 28,753
Debt of Foreign Subsidiaries................................ 3,987 14,420
-------- --------
457,931 544,079
Less current portion........................................ 65,358 86,318
-------- --------
Long-term debt, less current portion........................ $392,573 $457,761
======== ========
41
4
EAGLE-PICHER HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
SUPPLEMENTAL CONDENSED COMBINING STATEMENTS OF INCOME (LOSS) (UNAUDITED)
YEAR ENDED NOVEMBER 30, 2000
GUARANTORS
--------------------------- NON-GUARANTORS
EAGLE-PICHER SUBSIDIARY FOREIGN
ISSUER HOLDINGS, INC. GUARANTORS SUBSIDIARIES ELIMINATIONS TOTAL
-------- -------------- ---------- -------------- ------------ --------
(IN THOUSANDS OF DOLLARS)
NET SALES
Customers.................. $157,264 $ -- $577,908 $102,408 $ -- $837,580
Intercompany............... 16,470 -- 12,856 9,997 (39,323) --
OPERATING COSTS AND EXPENSES:
Cost of products sold
(exclusive of
depreciation)............ 129,348 -- 481,662 96,168 (39,238) 667,940
Selling and
administrative........... 31,926 9 24,144 9,874 (298) 65,655
Intercompany charges....... (11,370) -- 11,370 (298) 298 --
Management compensation--
special.................. 1,560 -- -- -- -- 1,560
Depreciation............... 8,751 -- 32,998 4,160 -- 45,909
Insurance settlement....... (16,000) -- -- -- -- (16,000)
Amortization of
intangibles.............. 4,178 -- 10,642 1,398 -- 16,218
Divestitures............... 14,965 -- (3,870) (14,244) -- (3,149)
Other...................... (261) -- (187) 6 43 (399)
-------- ------ -------- -------- -------- --------
Total............... 163,097 9 556,759 97,064 (39,195) 777,734
-------- ------ -------- -------- -------- --------
OPERATING INCOME (LOSS)...... 10,637 (9) 34,005 15,341 (128) 59,846
OTHER INCOME (EXPENSE)
Interest expense........... (19,684) -- (31,969) (4,027) 8,318 (47,362)
Other income (expense)..... 1,277 7,790 (623) (8,318) 126
Equity in earnings of
consolidated
subsidiaries............. 13,538 5,619 1,920 -- (21,077) --
-------- ------ -------- -------- -------- --------
INCOME (LOSS) BEFORE TAXES... 5,768 5,610 11,746 10,691 (21,205) 12,610
INCOME TAXES (BENEFIT)....... 21 -- 6,099 880 -- 7,000
-------- ------ -------- -------- -------- --------
NET INCOME (LOSS)............ $ 5,747 $5,610 $ 5,647 $ 9,811 $(21,205) $ 5,610
======== ====== ======== ======== ======== ========
45
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EAGLE-PICHER HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
SUPPLEMENTAL CONDENSED COMBINED BALANCE SHEETS (UNAUDITED)
YEAR ENDED NOVEMBER 30, 2000
GUARANTORS
--------------------------- NON-GUARANTORS
EAGLE-PICHER SUBSIDIARY FOREIGN
ISSUER HOLDINGS, INC. GUARANTORS SUBSIDIARIES ELIMINATIONS TOTAL
-------- -------------- ---------- -------------- ------------ --------
(IN THOUSANDS OF DOLLARS)
ASSETS
Cash and cash equivalents.... $ 1,297 $ 1 $ 539 $ 4,313 $ 1,317 $ 7,467
Receivables, net............. 10,278 -- 84,004 18,098 -- 112,380
Intercompany accounts
receivable................. 22,266 -- 9,768 980 (33,014) --
Inventories.................. 24,086 -- 67,299 13,462 (1,329) 103,518
Prepaid expenses............. 1,172 -- 4,999 1,530 (267) 7,434
Deferred income taxes........ 12,860 -- -- -- -- 12,860
-------- -------- -------- ------- --------- --------
Total Current
Assets............ 71,959 1 166,609 38,383 (33,293) 243,659
PROPERTY, PLANT & EQUIPMENT,
net........................ 39,298 -- 181,898 27,508 (43) 248,661
Investment in Subsidiaries... 124,495 151,302 12,377 -- (288,174) --
EXCESS OF ACQUIRED NET ASSETS
OVER COST, net............. 46,962 -- 131,637 21,404 (3,139) 196,864
OTHER ASSETS................. 70,021 -- 17,799 8,472 (10,114) 86,178
-------- -------- -------- ------- --------- --------
TOTAL ASSETS........ $352,735 $151,303 $510,320 $95,767 $(334,763) $775,362
======== ======== ======== ======= ========= ========
LIABILITIES AND SHAREHOLDERS'
EQUITY
Accounts payable............. $ 16,054 $ -- $ 42,119 $ 5,089 $ -- $ 63,262
Intercompany accounts
payable.................... 92 -- -- 9,327 (9,419) --
Long-term debt -- current
portion.................... 20,795 -- 42,750 1,813 -- 65,358
Income taxes................. 2,162 -- -- 520 -- 2,682
Other current liabilities.... 43,168 -- 22,046 2,554 (267) 67,501
-------- -------- -------- ------- --------- --------
Total Current
Liabilities....... 82,271 -- 106,915 19,303 (9,686) 198,803
LONG-TERM DEBT -- less
current portion............ 390,398 -- 22,266 2,175 (22,266) 392,573
DEFERRED INCOME TAXES........ 11,512 -- -- -- (1,234) 10,278
OTHER LONG-TERM
LIABILITIES................ 22,075 14 1,000 1,618 -- 24,707
-------- -------- -------- ------- --------- --------
TOTAL LIABILITIES... 506,256 14 130,181 23,096 (33,186) 626,361
Intercompany Accounts........ (290,399) -- 290,081 36,777 (36,459) --
11 3/4% CUMULATIVE REDEEMABLE
EXCHANGEABLE PREFERRED
STOCK...................... -- 109,804 -- -- -- 109,804
SHAREHOLDERS' EQUITY......... 136,878 41,485 90,058 35,894 (265,118) 39,197
-------- -------- -------- ------- --------- --------
TOTAL LIABILITIES &
EQUITY............ $352,735 $151,303 $510,320 $95,767 $(334,763) $775,362
======== ======== ======== ======= ========= ========
46
6
EAGLE-PICHER HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
SUPPLEMENTAL CONDENSED COMBINING STATEMENTS OF CASH FLOWS (UNAUDITED)
YEAR ENDED NOVEMBER 30, 2000
GUARANTORS
--------------------------- NON-GUARANTORS
EAGLE-PICHER SUBSIDIARY FOREIGN
ISSUER HOLDINGS, INC. GUARANTORS SUBSIDIARIES ELIMINATIONS TOTAL
-------- -------------- ---------- -------------- ------------ --------
(IN THOUSANDS OF DOLLARS)
CASH FLOWS FROM OPERATING
ACTIVITIES:
Net Income (Loss)............. $ 5,747 $5,610 $ 5,647 $ 9,811 $ 21,205 $ 5,610
Adjustments to reconcile net
income (loss) to cash
provided by (used in)
operating activities:
Equity in earnings (loss) of
consolidated
subsidiaries.............. (13,538) (5,619) (1,920) -- 21,077 --
Depreciation and
amortization.............. 16,175 -- 43,640 5,558 -- 65,373
Divestitures................ 14,965 -- (3,870) (14,244) -- (3,149)
Changes in assets and
liabilities, net of effect
of acquisitions and
divestitures.............. (21,605) 9 11,230 (17,558) 10,793 (17,131)
-------- ------ ------- -------- --------- --------
Net cash provided by
(used in) operating
activities........... 1,744 -- 54,727 (16,433) 10,665 50,703
-------- ------ ------- -------- --------- --------
CASH FLOWS FROM INVESTING
ACTIVITIES:
Proceeds from sales of
divisions................. 47,002 -- 10,430 27,616 -- 85,048
Acquisitions................ -- -- (12,306) -- -- (12,306)
Capital expenditures........ (6,759) -- (30,320) (4,864) -- (41,943)
Other....................... 6,871 -- 876 (2,871) (412) 4,464
-------- ------ ------- -------- --------- --------
Net cash provided by
(used in) investing
activities........... 47,114 -- (31,320) 19,881 (412) 35,263
-------- ------ ------- -------- --------- --------
CASH FLOWS FROM FINANCING
ACTIVITIES:
Reduction of long-term
debt...................... (24,374) -- -- -- -- (24,374)
Purchase of treasury
shares.................... (2,371) (2,371)
Net borrowings (repayments)
under revolving credit
agreements................ (30,340) -- (21,000) (10,434) -- (61,774)
Other....................... (51) -- -- -- -- (51)
-------- ------ ------- -------- --------- --------
Net cash used in
financing
activities........... (57,136) -- (21,000) (10,434) -- (88,570)
-------- ------ ------- -------- --------- --------
Net increase (decrease) in
cash and cash equivalents... (8,278) -- 2,407 (6,986) 10,253 (2,604)
Intercompany accounts......... (5,511) -- (2,738) 6,211 (8,984) --
CASH AND CASH EQUIVALENTS,
BEGINNING OF PERIOD......... 4,064 1 870 5,088 48 10,071
-------- ------ ------- -------- --------- --------
CASH AND CASH EQUIVALENTS, END
OF PERIOD................... $ 1,297 $ 1 $ 539 $ 4,313 $ 1,317 $ 7,467
======== ====== ======= ======== ========= ========
47
7
EAGLE-PICHER HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
The Company's foreign operations are located primarily in Europe and also
in Mexico. Intercompany transactions with foreign operations are made at
established transfer prices. Information regarding the Company's domestic and
foreign sales, operating income and identifiable assets follows:
TRANSFER SALES/
UNITED STATES FOREIGN ELIMINATIONS CONSOLIDATED
------------- -------- --------------- ------------
YEAR ENDED NOVEMBER 30, 2000
SALES.................................... $763,817 $112,409 $(38,646) $837,580
======== ======== ======== ========
INCOME (LOSS) BEFORE TAXES............... $ 5,265 $ 7,277 $ 68 $ 12,610
======== ======== ======== ========
IDENTIFIABLE ASSETS...................... $751,145 $ 91,253 $(67,036) $775,362
======== ======== ======== ========
Year Ended November 30, 1999
Sales.................................... $825,670 $125,939 $(38,348) $913,261
======== ======== ======== ========
Income (loss) before taxes............... $(22,557) $(16,110) $ 18,280 $(20,387)
======== ======== ======== ========
Identifiable assets...................... $788,259 $ 83,694 $(29,953) $842,000
======== ======== ======== ========
Nine Months Ended November 30, 1998
Sales.................................... $586,647 $ 80,953 $(21,616) $645,984
======== ======== ======== ========
Income (loss) before taxes............... $(21,025) $ 1,484 $ 477 $(19,064)
======== ======== ======== ========
Identifiable assets...................... $764,975 $ 96,359 $(45,007) $816,327
======== ======== ======== ========
- -------------------------------------------------------------------------------------------------------
Three Months Ended February 28, 1998
Predecessor
Sales.................................... $188,349 $ 23,041 $ (5,548) $205,842
======== ======== ======== ========
Income (loss) before taxes............... $ 4,553 $ 597 $ (243) $ 4,907
======== ======== ======== ========
Identifiable assets...................... N/A N/A N/A N/A
======== ======== ======== ========
SEGMENT INFORMATION
(Restated to conform to 2000 presentation)
9 MONTHS 3 MONTHS
ENDED ENDED
NOV. 30, FEB. 28,
2000 1999 1998 1998
------ ------ -------- -----------
PREDECESSOR
-----------
(IN MILLIONS OF DOLLARS)
Sales
Automotive........................................ $456.4 $433.8 $242.8 $ 76.1
Technologies 191.4 198.5.. 155.1 54.7
Machinery......................................... 82.6 90.3 86.5 22.6
Minerals.......................................... 65.1 61.7 49.8 15.7
Divested Divisions................................ 42.8 130.0 112.6 37.1
Corporate/Intersegment............................ (.7) (1.0) (.8) (.4)
------ ------ ------ ------
$837.6 $913.3 $646.0 $205.8
====== ====== ====== ======
64
8
SIGNATURES
PURSUANT TO THE REQUIREMENTS OF SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934, THE REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON
ITS BEHALF BY THE UNDERSIGNED, THEREUNTO DULY AUTHORIZED.
EAGLE-PICHER HOLDINGS, INC.
By /s/ ANDRIES RUIJSSENAARS
------------------------------------
Andries Ruijssenaars
President and Chief
Executive Officer
Date: March 7, 2001
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/ ANDRIES RUIJSSENAARS Date: March 7, 2001
- --------------------------------------------------------
Andries Ruijssenaars, President,
Chief Executive Officer and Director
/s/ PHILIP F. SCHULTZ Date: March 7, 2001
- --------------------------------------------------------
Philip F. Schultz, Senior Vice President
and Chief Financial Officer
(Principal Financial Officer and
Principal Accounting Officer)
/s/ JOEL P. WYLER* Date: March 7, 2001
- --------------------------------------------------------
Joel P. Wyler, Director and
Chairman of the Board
/s/ DANIEL C. WYLER* Date: March 7, 2001
- --------------------------------------------------------
Daniel C. Wyler, Director
*By /s/ David G. Krall
----------------------------------------------------
David G. Krall
Attorney-in-fact
80
9
SIGNATURES
PURSUANT TO THE REQUIREMENTS OF SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934, THE ADDITIONAL REGISTRANT HAS DULY CAUSED THIS REPORT TO
BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED, THEREUNTO DULY AUTHORIZED.
EAGLE-PICHER INDUSTRIES, INC.
By /s/ ANDRIES RUIJSSENAARS
------------------------------------
Andries Ruijssenaars
President and Chief Executive
Officer
Dated: March 7, 2001
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
ADDITIONAL REGISTRANT, EAGLE-PICHER HOLDINGS, INC., AND IN THE CAPACITIES AND ON
THE DATES INDICATED.
/s/ ANDRIES RUIJSSENAARS Date: March 7, 2001
- --------------------------------------------------------
Andries Ruijssenaars, President, Chief
Executive Officer and Director
(Principal Executive Officer)
/s/ PHILIP F. SCHULTZ Date: March 7, 2001
- --------------------------------------------------------
Philip F. Schultz, Senior Vice President
and Chief Financial Officer
(Principal Financial Officer and
Principal Accounting Officer)
/s/ JOEL P. WYLER* Date: March 7, 2001
- --------------------------------------------------------
Joel P. Wyler, Director and
Chairman of the Board
/s/ DANIEL C. WYLER* Date: March 7, 2001
- --------------------------------------------------------
Daniel C. Wyler, Director
*By /s/ DAVID G. KRALL
----------------------------------------------------
David G. Krall
Attorney-in-fact
81
10
SIGNATURES
PURSUANT TO THE REQUIREMENTS OF SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934, THE ADDITIONAL REGISTRANT HAS DULY CAUSED THIS REPORT TO
BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED, THEREUNTO DULY AUTHORIZED.
DAISY PARTS, INC.
By /s/ WILLIAM D. OETERS
------------------------------------
William D. Oeters
President
(Principal Executive Officer)
Dated: March 7, 2001
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
ADDITIONAL REGISTRANT, DAISY PARTS, INC., AND IN THE CAPACITIES AND ON THE DATES
INDICATED.
/s/ WILLIAM D. OETERS Date: March 7, 2001
- --------------------------------------------------------
William D. Oeters, President
(Principal Executive Officer)
/s/ TOM B. SCHERPENBERG Date: March 7, 2001
- --------------------------------------------------------
Tom B. Scherpenberg, Treasurer
(Principal Financial Officer)
/s/ DAVID P. KELLEY Date: March 7, 2001
- --------------------------------------------------------
David P. Kelley, Vice President
(Principal Accounting Officer)
/s/ DAVID N. EVANS Date: March 7, 2001
- --------------------------------------------------------
David N. Evans, Director
/s/ DAVID G. KRALL Date: March 7, 2001
- --------------------------------------------------------
David G. Krall, Director
82
11
SIGNATURES
PURSUANT TO THE REQUIREMENTS OF SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934, THE ADDITIONAL REGISTRANT HAS DULY CAUSED THIS REPORT TO
BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED, THEREUNTO DULY AUTHORIZED.
EAGLE-PICHER DEVELOPMENT CO., INC.
By /s/ ANDRIES RUIJSSENAARS
------------------------------------
Andries Ruijssenaars
President
(Principal Executive Officer)
Dated: March 7, 2001
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
ADDITIONAL REGISTRANT, EAGLE-PICHER DEVELOPMENT CO., INC., AND IN THE CAPACITIES
AND ON THE DATES INDICATED.
/s/ ANDRIES RUIJSSENAARS Date: March 7, 2001
- --------------------------------------------------------
Andries Ruijssenaars, Director
and President
(Principal Executive Officer)
/s/ TOM B. SCHERPENBERG Date: March 7, 2001
- --------------------------------------------------------
Tom B. Scherpenberg, Treasurer
(Principal Financial Officer and
Principal Accounting Officer)
/s/ DAVID G. KRALL Date: March 7, 2001
- --------------------------------------------------------
David G. Krall, Director
83
12
SIGNATURES
PURSUANT TO THE REQUIREMENTS OF SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934, THE ADDITIONAL REGISTRANT HAS DULY CAUSED THIS REPORT TO
BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED, THEREUNTO DULY AUTHORIZED.
EAGLE-PICHER FAR EAST, INC.
By /s/ ANDRIES RUIJSSENAARS
------------------------------------
Andries Ruijssenaars
Chairman of the Board
and Chief Executive Officer
(Principal Executive Officer)
Dated: March 7, 2001
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
ADDITIONAL REGISTRANT, EAGLE-PICHER FAR EAST, INC., AND IN THE CAPACITIES AND ON
THE DATES INDICATED.
/s/ ANDRIES RUIJSSENAARS Date: March 7, 2001
- --------------------------------------------------------
Andries Ruijssenaars, Director,
Chairman of the Board and
Chief Executive Officer
/s/ TOM B. SCHERPENBERG Date: March 7, 2001
- --------------------------------------------------------
Tom B. Scherpenberg, Treasurer
(Principal Financial Officer and
Principal Accounting Officer)
/s/ DAVID N. EVANS Date: March 7, 2001
- --------------------------------------------------------
David N. Evans, Director
/s/ DAVID G. KRALL Date: March 7, 2001
- --------------------------------------------------------
David G. Krall, Director
84
13
SIGNATURES
PURSUANT TO THE REQUIREMENTS OF SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934, THE ADDITIONAL REGISTRANT HAS DULY CAUSED THIS REPORT TO
BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED, THEREUNTO DULY AUTHORIZED.
EAGLE-PICHER MINERALS, INC.
By /s/ JAMES L. LAURIA
------------------------------------
James L. Lauria
President
(Principal Executive Officer)
Dated: March 7, 2001
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
ADDITIONAL REGISTRANT, EAGLE-PICHER MINERALS, INC., AND IN THE CAPACITIES AND ON
THE DATES INDICATED.
/s/ JAMES L. LAURIA Date: March 7, 2001
- --------------------------------------------------------
James L. Lauria, President
(Principal Executive Officer)
/s/ TOM B. SCHERPENBERG Date: March 7, 2001
- --------------------------------------------------------
Tom B. Scherpenberg, Treasurer
(Principal Financial Officer)
/s/ PAUL R. WONDER Date: March 7, 2001
- --------------------------------------------------------
Paul R. Wonder, Vice President
(Principal Accounting Officer)
/s/ DAVID N. EVANS Date: March 7, 2001
- --------------------------------------------------------
David N. Evans, Director
/s/ DAVID G. KRALL Date: March 7, 2001
- --------------------------------------------------------
David G. Krall, Director
85
14
SIGNATURES
PURSUANT TO THE REQUIREMENTS OF SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934, THE ADDITIONAL REGISTRANT HAS DULY CAUSED THIS REPORT TO
BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED, THEREUNTO DULY AUTHORIZED.
EAGLE-PICHER TECHNOLOGIES, LLC
By /s/ WILLIAM E. LONG
------------------------------------
William E. Long
President
(Principal Executive Officer)
Dated: March 7, 2001
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
ADDITIONAL REGISTRANT, EAGLE-PICHER TECHNOLOGIES, LLC, AND IN THE CAPACITIES AND
ON THE DATES INDICATED.
/s/ WILLIAM E. LONG Date: March 7, 2001
- --------------------------------------------------------
William E. Long, President
and Director
(Principal Executive Officer)
/s/ DOUG WRIGHT Date: March 7, 2001
- --------------------------------------------------------
R. Doug Wright, Vice President
Chief Financial Officer and Treasurer
(Principal Financial Officer
and Principal Accounting Officer)
/s/ JOEL P. WYLER* Date: March 7, 2001
- --------------------------------------------------------
Joel P. Wyler, Director
/s/ ANDRIES RUIJSSENAARS Date: March 7, 2001
- --------------------------------------------------------
Andries Ruijssenaars, Director
*By /s/ DAVID G. KRALL
----------------------------------------------------
David G. Krall
Attorney-in-fact
86
15
SIGNATURES
PURSUANT TO THE REQUIREMENTS OF SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934, THE ADDITIONAL REGISTRANT HAS DULY CAUSED THIS REPORT TO
BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED, THEREUNTO DULY AUTHORIZED.
HILLSDALE TOOL & MANUFACTURING CO.
By /s/ WILLIAM D. OETERS
------------------------------------
William D. Oeters
President
(Principal Executive Officer)
Dated: March 7, 2001
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
ADDITIONAL REGISTRANT, HILLSDALE TOOL & MANUFACTURING CO., AND IN THE CAPACITIES
AND ON THE DATES INDICATED.
/s/ WILLIAM D. OETERS Date: March 7, 2001
- --------------------------------------------------------
William D. Oeters, President
(Principal Executive Officer)
/s/ TOM B. SCHERPENBERG Date: March 7, 2001
- --------------------------------------------------------
Tom B. Scherpenberg, Treasurer
(Principal Financial Officer)
/s/ DAVID P. KELLEY Date: March 7, 2001
- --------------------------------------------------------
David P. Kelley, Vice President
(Principal Accounting Officer)
/s/ DAVID N. EVANS Date: March 7, 2001
- --------------------------------------------------------
David N. Evans, Director
/s/ DAVID G. KRALL Date: March 7, 2001
- --------------------------------------------------------
David G. Krall, Director
87
16
SIGNATURES
PURSUANT TO THE REQUIREMENTS OF SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934, THE ADDITIONAL REGISTRANT HAS DULY CAUSED THIS REPORT TO
BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED, THEREUNTO DULY AUTHORIZED.
EPMR CORPORATION
(f/k/a Michigan Automotive Research
Corporation)
By /s/ MICHAEL E. ASLANIAN
------------------------------------
Michael E. Aslanian
President and Director
(Principal Executive Officer)
Dated: March 7, 2001
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
ADDITIONAL REGISTRANT, EPMR CORPORATION, AND IN THE CAPACITIES AND ON THE DATES
INDICATED.
/s/ MICHAEL E. ASLANIAN Date: March 7, 2001
- --------------------------------------------------------
Michael E. Aslanian, President and Director
(Principal Executive Officer)
/s/ TOM B. SCHERPENBERG Date: March 7, 2001
- --------------------------------------------------------
Tom B. Scherpenberg, Treasurer
(Principal Financial Officer and)
Principal Accounting Officer)
/s/ DAVID G. KRALL Date: March 7, 2001
- --------------------------------------------------------
David G. Krall, Director
88
17
EXHIBIT INDEX
EXHIBIT
NUMBER
- -------
2.1 -- Third Amended Plan of Reorganization of Eagle-Picher
Industries, Inc. ("EPI")*
2.2 -- Exhibits to Third Amended Plan of Reorganization of EPI*
3.1 -- Articles of Incorporation of EPI, as amended*
3.2 -- Regulations of EPI*
3.3 -- Amended and Restated Certificate of Incorporation of
Eagle-Picher Holdings, Inc. (the "Company")*
3.4 -- Bylaws of the Company*
3.5 -- Articles of Incorporation of Daisy Parts, Inc.*
3.6 -- Bylaws of Daisy Parts, Inc.*
3.7 -- Certificate of Incorporation of Eagle-Picher Development
Company, Inc.*
3.8 -- Bylaws of Eagle-Picher Development Company, Inc.*
3.9 -- Certificate of Incorporation of Eagle-Picher Far East, Inc.*
3.10 -- Bylaws of Eagle-Picher Far East, Inc.*
3.11 -- Articles of Incorporation of Eagle-Picher Fluid Systems,
Inc.*
3.12 -- Bylaws of Eagle-Picher Fluid Systems, Inc.*
3.13 -- Articles of Incorporation of Eagle-Picher Minerals, Inc.*
3.14 -- Bylaws of Eagle-Picher Minerals, Inc.*
3.15 -- Certificate of Formation of Eagle-Picher Technologies, LLC*
3.16 -- Operating Agreement of Eagle-Picher Technologies, LLC*
3.16a -- Amended and Restated Limited Liability Company Agreement of
Eagle-Picher Technologies, LLC*
3.17 -- Articles of Incorporation of Hillsdale Tool & Manufacturing
Co.*
3.18 -- Bylaws of Hillsdale Tool & Manufacturing Co.*
3.19 -- Restated Articles of Incorporation of EPMR Corporation
(f/k/a Michigan Automotive Research Corporation)*
3.20 -- Bylaws of EPMR Corporation (f/k/a Michigan Automotive
Research Corporation)*
4.1 -- Indenture, dated as of February 24, 1998, between E-P
Acquisition, Inc., the Company as a Guarantor, the
subsidiary guarantors (Daisy Parts, Inc., Eagle-Picher
Development Company, Inc., Eagle-Picher Far East, Inc.,
Eagle-Picher Fluid Systems, Inc., Eagle-Picher Minerals,
Inc., Eagle-Picher Technologies, LLC, Hillsdale Tool &
Manufacturing Co., Michigan Automotive Research Corporation
(together, the "Subsidiary Guarantors" or the "Domestic
Subsidiaries", and The Bank of New York as Trustee (the
"Trustee")*
4.2 -- Cross Reference Table showing the location in the Indenture
of the provisions of Sections 310 through 318(a), inclusive,
of the Trust Indenture Act of 1939*
4.3 -- First Supplemental Indenture dated as of February 24, 1998,
between EPI and the Trustee*
4.4 -- Form of Global Note (attached as Exhibit A to the Indenture
filed as Exhibit 4.1)*
4.5 -- Certified Copy of the certificate of Designations,
Preferences and Rights of 11 3/4% Series A Cumulative
Redeemable Exchangeable Preferred Stock and 11 3/4% Series B
Cumulative Redeemable Exchangeable Preferred Stock of the
Company*
4.6 -- Form of Certificate and Global Share of 11 3/4% Series A
Cumulative Redeemable Exchangeable Preferred Stock and
11 3/4% Series B Cumulative Redeemable Exchangeable
Preferred Stock (attached as Exhibit A to the Certificate of
Designations filed as Exhibit 4.5)*
4.7 -- Form of Exchange Debentures Indenture relating to 11 3/4%
Exchange Debentures due 2008 of Registrant*
89
18
EXHIBIT
NUMBER
- -------
4.8 -- Cross Reference Table showing the location in the Exchange
Debentures Indenture of the provisions of Sections 310
through 318(a), inclusive, of the Trust Indenture Act of
1939*
4.9 -- Form of 11 3/4% Exchange Debenture due 2008 (attached as
Exhibit A to the Exchange Debentures Indenture filed as
Exhibit 4.7)*
9.1 -- Voting Trust Agreement dated November 16, 1998, with owners
of Class A (Voting) Common Stock of the Company*
10.1 -- Merger Agreement, dated as of December 23, 1997, among EPI,
the Eagle-Picher Industries,Inc. Personal Injury Settlement
Trust, the Company and E-P Acquisition, Inc.*
10.2 -- Amendment No. 1 to the Merger Agreement, dated as of
February 23, 1998, among EPI, the Eagle-Picher Industries,
Inc. Personal Injury Settlement Trust, the Company and E-P
Acquisition, Inc.*
10.3 -- Supplemental Executive Retirement Plan of EPI*
10.4 -- Notes Purchase Agreement, dated February 19, 1998, among E-P
Acquisition, Inc., EPI, the Company, SBC Warburg Dillon Read
and ABN AMRO Incorporated*
10.5 -- Assumption Agreement for the Notes Purchase Agreement, dated
as of February 24, 1998, between EPI and the Subsidiary
Guarantors*
10.6 -- Registration Rights Agreement, dated as of February 24,
1998, between E-P Acquisition, Inc., SBC Warburg Dillon Read
and ABN AMRO Incorporated*
10.7 -- Assumption Agreement for the Registration Rights Agreement,
dated as of February 24, 1998, of EPI*
10.8 -- Credit Agreement, dated as of February 19, 1998, among E-P
Acquisition, Inc. (merged with and into EPI), Various
Lenders from time to time party thereto, ABN AMRO Bank N.V.,
as Agent (the "Agent"), PNC Bank, National Association, as
Documentation Agent and DLJ Capital Funding, Inc., as
Syndication Agent*
10.9 -- Assumption Agreement dated as of February 24, 1998, between
EPI and the Agent*
10.10 -- Security Agreement, dated as of February 24, 1998, among
EPI, the Agent and the Domestic Subsidiaries*
10.11 -- Holdings Pledge Agreement, dated as of February 24, 1998,
between the Company and the Agent*
10.12 -- Borrower and Subsidiary Pledge Agreement, dated as of
February 24, 1998, among EPI, Eagle-Picher Development
Company, Eagle-Picher Minerals, Inc. and the Agent*
10.13 -- Holdings Guaranty Agreement, dated as of February 24, 1998,
by the Company, accepted and agreed by the Agent*
10.14 -- Subsidiary Guaranty Agreement, dated as of February 24,
1998, by the Domestic Subsidiaries, accepted and agreed by
the Agent*
10.15 -- Trademark Collateral Agreement, dated February 24, 1998,
between EPI and the Agent*
10.16 -- Patent Collateral Agreement, dated February 24, 1998,
between EPI and the Agent*
10.17 -- Copyright Collateral Agreement, dated February 24, 1998,
between EPI and the Agent*
10.18 -- Subordination Agreement, dated as of February 24, 1998,
among E-P Acquisition, Inc., EPI and the Domestic
Subsidiaries*
10.19 -- Management Agreement dated as of February 24, 1998, between
EPI and Granaria Holdings B.V.*
10.20 -- Eagle-Picher Management Trust made February 17, 1998, among
Granaria Industries B.V. and Thomas E. Petry, Andries
Ruijssenaars and Joel Wyler as trustees (the "E-P Management
Trust")*
10.21 -- Incentive Stock Plan of EPI, effective as of February 25,
1998*
10.22 -- Employment Agreements dated November 29, 1996, between EPI
and each Named Executive Officer as defined in EPI's Form
S-4 filed in 1998, as amended (Messrs. Petry, Ruijssenaars,
Hall, Wickens, Curless and Ralston)*
90
19
EXHIBIT
NUMBER
- -------
10.23 -- Amendments dated August 5, 1997 to Employment Agreements
between EPI and each Named Executive Officer as defined in
EPI's Form S-4*
10.24 -- Sales Incentive Program of EPI*
10.25 -- Letter Agreements dated August 5, 1997, between EPI and each
Named Executive Officer as defined in EPI's Form S-4
regarding Short Term Sale Program*
10.26 -- Letter Agreement dated September 12, 1997, between EPI and
Carroll D. Curless regarding Sale Incentive Bonus*
10.27 -- Letter Agreements dated February 18, 1998, between EPI and
each Named Executive Officer as defined in EPI's Form S-4
regarding Short Term Sale Program*
10.28 -- Side Letter, dated February 23, 1998, regarding Amendments
to the Short Term Sale Program*
10.29 -- Preferred Stock Purchase Agreement, dated February 19, 1998,
between the Company and the initial purchasers*
10.30 -- Preferred Stock Registration Rights Agreement, dated as of
February 24, 1998, between the Company and the initial
purchasers*
10.31 -- Transfer Agency Agreement, dated, dated as of February 24,
1998, between the Company and The Bank of New York, as
Transfer Agent*
10.32 -- The Company Incentive Stock Plan for Outside Directors
effective January 1, 1999*
10.33 -- Amended and Restated Incentive Stock Plan of EPI*
10.34 -- Second Amended and Restated Incentive Stock Plan of EPI*
10.35 -- Shareholders Agreement dated October 15, 1998, among
Granaria Holdings B.V., Granaria Industries B.V., the
Company, EPI*
10.36 -- Voting Trust Agreement dated as of November 16, 1998, by and
among certain shareholders of the Company and Granaria
Holdings B.V.*
10.37 -- Stock Purchase Agreement dated April 8, 1999, between
Hillsdale Tool & Manufacturing Co., Charterhouse Automotive
Group Inc. and the Shareholders of Charterhouse Automotive
Group, Inc.*
10.38 -- Shareholders Agreement dated April 12, 1999, among Granaria
Holdings B.V., the Company, EPI, and certain shareholders of
the Company*
10.39 -- Voting Trust Agreement dated April 13, 1999, between certain
shareholders of the Company and Granaria Holdings B.V. as
voting trustee*
10.40 -- Amendment to Credit Agreement and Consent, dated as of May
18, 1999, among EPI, the lenders party thereto, ABN AMRO
Bank N.V., as Agent, PNC Bank, National Association, as
Documentation Agent, and NBD Bank, N.A., as Syndication
Agent*
10.41 -- Receivables Loan Agreement dated as of May 18, 1999, among
Eagle-Picher Acceptance Corporation, EPI, ABN AMRO Bank
N.V., the Lender Agents, the Related Bank Lenders, Amsterdam
Funding Corporation and the Other Conduit Lenders*
10.42 -- Receivables Purchase Agreement dated as of May 18, 1999,
between EPI and Eagle-Picher Acceptance Corporation*
10.43 -- Receivables Purchase Agreement dated as of May 18, 1999,
between Carpenter Enterprises Limited and Eagle-Picher
Acceptance Corporation*
10.44 -- Receivables Purchase Agreement dated as of May 18, 1999,
between Daisy Parts, Inc. and Eagle-Picher Acceptance
Corporation*
10.45 -- Receivables Purchase Agreement dated as of May 18, 1999,
between Eagle-Picher Development Company and Eagle-Picher
Acceptance Corporation*
10.46 -- Receivables Purchase Agreement dated as of May 18, 1999,
between Eagle-Picher Fluid Systems, Inc. and Eagle-Picher
Acceptance Corporation*
10.47 -- Receivables Purchase Agreement dated as of May 18, 1999,
between Eagle-Picher Minerals, Inc. and Eagle-Picher
Acceptance Corporation*
91
20
EXHIBIT
NUMBER
- -------
10.48 -- Receivables Purchase Agreement dated as of May 18, 1999,
between Eagle-Picher Technologies, LLC and Eagle-Picher
Acceptance Corporation*
10.49 -- Receivables Purchase Agreement dated as of May 18, 1999,
between Hillsdale Tool & Manufacturing Co. and Eagle-Picher
Acceptance Corporation*
10.50 -- Receivables Purchase Agreement dated as of May 18, 1999,
between Michigan Automotive Research Corporation and
Eagle-Picher Acceptance Corporation*
10.51 -- Share Appreciation Plan of EPI*
10.52 -- Amendment to Credit Agreement and Consent dated as of August
1, 2000, among EPI, the lenders party thereto, ABN AMRO Bank
N.V. as Agent, PNC Bank, National Association as
Documentation Agent, and Bank One, Indiana, N.A. as
Syndication Agent.*
10.53 -- Resignation, Release and Severance Pay Agreement dated May
31, 2000 between EPI and Wayne R. Wickens
10.54 -- Executive Employment Agreement dated November 7, 2000
between EPI and Andries Ruijssenaars
12.1 -- Ratio of Earnings to Fixed Charges and Preferred Stock
Dividends
21.1 -- Subsidiaries of EPI
23.1 -- Consent of Deloitte & Touche LLP
24(a),(b) -- Powers of Attorney
27.1 -- Financial Data Schedule (submitted electronically to the SEC
for its information)
- ---------------
* Incorporated by reference. See Item 14 above.
92