================================================================================
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: Commission File No.:
JANUARY 31, 1999 1-4488
--------------------
MESABI TRUST
(Exact name of registrant as specified in its charter)
NEW YORK 13-6022277
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
c/o BANKERS TRUST COMPANY
CORPORATE TRUST AND AGENCY GROUP
P.O. BOX 318
CHURCH STREET STATION
NEW YORK, NEW YORK
10008-0318
(Address of principal executive offices)
Registrant's telephone number, including area code:
(212) 250-6519
Securities registered pursuant to Section 12(b) of the Act: UNITS OF
BENEFICIAL INTEREST IN MESABI TRUST
Securities registered pursuant to Section 12(g) of the Act: NONE
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 Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. YES /X/ NO / /
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/
As of April 26, 1999, the aggregate market value of the Units of
Beneficial Interest held by non-affiliates of the registrant, based on the
closing price as reported on the New York Stock Exchange, aggregated
approximately $42,316,007*. As of April 26, 1999, 13,120,010 Units of Beneficial
Interest were outstanding.
- ----------------
* Includes approximately $49,075 representing the market value, as of
April 26, 1999, of 15,100 Units the beneficial ownership of which is
disclaimed by affiliates (see Item 12 herein).
================================================================================
EXPLANATORY NOTE: This Form 10-K/A for the year ended January 31,
1999 is to correct typographical errors in the first paragraph under the heading
"Leasehold Royalties" on page 9 of Exhibit 13.3 and in the last three lines of
the column entitled "Per Unit" in the chart appearing on page 15 of Exhibit
13.1. The corrected exhibit is annexed hereto and filed herewith as Exhibit
13.1.
PART IV
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K.
(a) 1. FINANCIAL STATEMENTS:
The following Financial Statements are incorporated in this reporting
by reference from the pages noted in our Annual Report of Trustees for
the Year Ended January 31, 1999:
Independent Auditor's Report - page F-1
Balance Sheets as of January 31, 1999 and 1998 - page F-2
Statements of Income for the years ended January 31, 1999, 1998 and
1997 - page F-3
Statements of Unallocated Reserve and Trust Corpus for the years ended
January 31, 1999, 1998 and 1997 - page F-4
Statements of Cash Flows for the years ended January 31, 1999, 1998 and
1997 - page F-5
Notes to Financial Statements - pages F-6 through F-10
2. FINANCIAL STATEMENT SCHEDULES:
None required.
Schedules other than those listed above have been omitted because
they are not applicable or the required information is included in the
financial statements or notes thereto.
3. EXHIBITS:
ITEM NO. ITEM FILING METHOD
-------- ---- -------------
3 Agreement of Trust dated as of July 18,
1961.................................. Incorporated by reference from Exhibit 3
to Mesabi Trust's Annual Report on Form
10-K for the fiscal year ended
January 31, 1987.
3(a) Amendment to the Agreement of Trust
dated as of October 25, 1982.......... Incorporated by reference from Exhibit
3(a) to Mesabi Trust's Annual Report on
Form 10-K for the fiscal year ended
January 31, 1988.
4 Instruments defining the rights of
Trust Certificate Holders............. Incorporated by reference from Exhibit 4
to Mesabi Trust's Annual Report on Form
10-K for the fiscal year ended
January 31, 1987.
10(a) Peters Lease.......................... Incorporated by reference from Exhibits
10(a) - 10(d) to Mesabi Trust's Annual
Report on Form 10-K for the fiscal year
ended January 31, 1987.
10(b) Amendment Assignment of Peters Lease.. Incorporated by reference from
Exhibits 10(a) - 10(d) to Mesabi
Trust's Annual Report on Form 10-K for
the fiscal year ended January 31, 1987.
10(c) Cloquet Lease......................... Incorporated by reference from Exhibits
10(a) - 10(d) to Mesabi Trust's Annual
Report on Form 10-K for the fiscal year
ended January 31, 1987.
10(d) Assignment of Cloquet Lease........... Incorporated by reference from Exhibits
10(a) - 10(d) to Mesabi Trust's Annual
Report on Form 10-K for the fiscal year
ended January 31, 1987.
2
10(e) Modification of Lease and Consent to
Assignment dated as of October 22, 1982 Incorporated by reference from Exhibit
10(e) to Mesabi Trust's Annual Report
on Form 10-K for the fiscal year ended
January 31, 1988.
10(f) Amendment of Assignment, Assumption and
Further Assignment of Peters Lease.... Incorporated by reference from Exhibit
A to Mesabi Trust's Report on Form 8-K
dated August 17, 1989.
10(g) Amendment of Assignment, Assumption and
Further Assignments of Cloquet Lease.. Incorporated by reference from Exhibit
B to Mesabi Trust's Report on Form 8-K
dated August 17, 1989.
13.1 Annual Report of the Trustees of Mesabi
Trust for the fiscal year ended January
31, 1999.............................. Filed herewith.
27.1 Financial Data Schedule............... Incorporated by reference from Exhibit
27.1 to Mesabi Trust's Report on Form
10-K dated April 28, 1999.
(b) REPORTS ON FORM 8-K FILED IN THE
FOURTH QUARTER:
None.
3
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.
Dated: July 16, 1999
MESABI TRUST
By: Bankers Trust Company
Corporate Trustee
By: /s/ JACQUELINE M. BARTNICK
---------------------------------
Jacqueline M. Bartnick
Vice President
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/ JACQUELINE M. BARTNICK July 16, 1999
- --------------------------------------------
Jacqueline M. Bartnick
Vice President
Bankers Trust Company
/s/ DAVID J. HOFFMAN July 16, 1999
- --------------------------------------------
David J. Hoffman
Individual Trustee
/s/ RICHARD G. LAREAU July 16, 1999
- --------------------------------------------
Richard G. Lareau
Individual Trustee
/s/ IRA A. MARSHALL, JR. July 16, 1999
- --------------------------------------------
Ira A. Marshall, Jr.
Individual Trustee
/s/ NORMAN F. SPRAGUE III July 16, 1999
- --------------------------------------------
Norman F. Sprague III
Individual Trustee
4