-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KE+xqIhdGaeh3dcYrOlJ7k42JOp35s/mGw7jY05WCLMGnvQZq4HxbezM9+ovtVkp 1tyahZm6vg2kVOlN1/uq+Q== 0001072613-03-000340.txt : 20030221 0001072613-03-000340.hdr.sgml : 20030221 20030221143158 ACCESSION NUMBER: 0001072613-03-000340 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030221 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INSILCO HOLDING CO CENTRAL INDEX KEY: 0001068049 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC CONNECTORS [3678] IRS NUMBER: 060635844 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24813 FILM NUMBER: 03575793 BUSINESS ADDRESS: STREET 1: 425 METRO PL N STREET 2: 5TH FL CITY: DUBLIN STATE: OH ZIP: 43017 BUSINESS PHONE: 6147920468 MAIL ADDRESS: STREET 1: 425 METRO PLACE NORTH STREET 2: FIFTH FLOOR CITY: DUBLIN STATE: OH ZIP: 43017 8-K 1 form8-k_11768.txt FORM 8-K DATED FEBRUARY 21, 2003 ================================================================================ UNITED STATES 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: FEBRUARY 21, 2003 INSILCO HOLDING CO. - -------------------------------------------------------------------------------- (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Delaware 0-24813 06-1158291 -------- ------- ---------- (STATE OR OTHER JURISDICTION OF (COMMISSION (IRS EMPLOYER INCORPORATION OR ORGANIZATION) FILE NO.) IDENTIFICATION NUMBER) 425 Metro Place North Fifth Floor Dublin, Ohio 43017 (614) 792-0468 - -------------------------------------------------------------------------------- (ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER INCLUDING AREA CODE OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES) ================================================================================ ITEM 5. OTHER EVENTS. On December 16, 2002, Insilco Holding Co., a Delaware corporation ("Holdings"), the parent Company of Insilco Technologies, Inc., a Delaware corporation ("Insilco"), Insilco and seven of Insilco's subsidiaries, Insilco International Holding, Inc., a Delaware corporation, Precision Cable Mfg. Co. Inc., a Texas corporation, Stewart Stamping Corporation, a Delaware corporation, InNet Technologies, Inc., a California corporation, Stewart Connector Systems, Inc. a Pennsylvania corporation, Eyelets For Industry, Inc., a Connecticut corporation, and its subsidiary EFI Metal Forming, Inc., a Connecticut corporation and Signal Transformer Co., Inc., a Delaware corporation and its subsidiary Signal Caribe, Inc., a Delaware corporation, filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code with the United States Bankruptcy Court for the District of Delaware, Case No. 02-13672. Pursuant to the procedure prescribed in Staff Legal Bulletin No. 2, on December 20, 2002, Holdings sought a no-action position from Staff of the Commission that would permit Holdings to file, under cover of a Current Report on Form 8-K, its periodic financial reports filed with the Bankruptcy Court, in lieu of its annual and quarterly reports under the Securities Exchange Act of 1934. Holdings is currently in discussion with the staff, but, to date, the Staff has not officially granted the request. Nonetheless, in conformity with its requests and the provisions of Staff Legal Bulletin No. 2, Holdings files herewith its supplemental financial report, for the period ended December 31, 2002, filed with the Bankruptcy Court on February 19, 2003 (the "Report"). THE REPORT CONTAINS FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION THAT HAVE NOT BEEN AUDITED OR REVIEWED BY INDEPENDENT ACCOUNTANTS, ARE NOT PRESENTED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, AND MAY BE SUBJECT TO FUTURE RECONCILIATION AND ADJUSTMENTS. THE FINANCIAL INFORMATION INCLUDED IN THIS REPORT IS ONLY REPRESENTATIVE OF THE FILING COMPANIES AS LISTED ABOVE. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits. EXHIBIT NO. DESCRIPTION ----------- ----------- 99 (a) Transmittal of Supplemental Financial Reports with Operating Requirements for the period ended December 31, 2002. 2 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 thereunto duly authorized. INSILCO HOLDING CO. ------------------- Registrant Date: February 21, 2003 By: /s/ MICHAEL R. ELIA ------------------------- Michael R. Elia Senior Vice President and Chief Financial Officer 3 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION ----------- ----------- 99 (a) Transmittal of Supplemental Financial Reports with Operating Requirements for the period ended December 31, 2002. 4 EX-99.A 3 exh99a_11768.txt TRANSMITTAL OF SUPPLEMENTAL FINANCIAL REPORTS EXHIBIT 99.A ------------ IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE - ------------------------------------------ ) In re ) Chapter 11 ) INSILCO TECHNOLOGIES, INC., et al.1, ) Case No. 02 - 13672 (KJC) -- --- ) ) (Jointly Administered) Debtors. ) - ------------------------------------------ SUPPLEMENT TO DECEMBER 2002 UNITED STATES TRUSTEE MONTHLY OPERATING REPORT ---------------------------------------------- - ---------------- 1 The other debtors in these jointly administered chapter 11 proceedings are Insilco Holding Co., InNet Technologies, Inc., Insilco International Holdings Inc., Precision Cable Mfg. Corporation, Eyelets for Industry, Inc., EFI Metal Forming, Inc., Stewart Stamping Corporation, Stewart Connector Systems, Inc., Signal Caribe, Inc., and Signal Transformer Co., Inc. UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE In Re Insilco Technologies, Inc. et al. Case No. 02-13672 Debtors Reporting Period: December 16 to December 31, 2002 ================================================================================ WEEKLY CASH FLOW ================================================================================ US LOCATIONS A A A Week number 51 52 1 Date 12/20/2002 12/27/2002 12/31/2002 - -------------------------------------------------------------------------------- BEGINNING CASH BALANCE 7,652 8,835 9,365 Collections - ----------- Trade receipts 2,118 1,883 1,119 Other -- -- -- - -------------------------------------------------------------------------------- Total Collections 2,118 1,883 1,119 - -------------------------------------------------------------------------------- CASH AVAILABLE 9,770 10,718 10,484 Disbursements* - -------------- Payroll -- (699) (474) Benefits (256) (204) (44) Inventory Purchases (340) (332) (33) General Cash Disbursements (337) (98) (47) Deposits (2) -- (2) Critical Vendor Payments -- -- -- Capital expenditures -- -- -- Other -- -- -- ------------------------------------------------ Subtotal Operating Expenses (935) (1,333) (600) Professional fees On-Going -- (20) -- Debtor's Professionals -- Unsecured Professionals ------------------------------------------------ Subtotal -- (20) -- ------------------------------------------------ Bank Professionals -- -- Restructuring costs -- -- -- Taxes -- -- -- Intercompany transfers out -- -- -- Intercompany transfers in -- -- -- Debt service -- -- -- - -------------------------------------------------------------------------------- Total disbursements (935) (1,353) (600) - -------------------------------------------------------------------------------- DIP Borrowings/(Paydowns) -- -- -- ENDING CASH 8,835 9,365 9,884 ================================================================================ Key Account information Sales 3,231 1,984 1,410 Trade accounts receivable balance 21,398 20,736 19,333 Inventory 22,771 23,472 22,627 Accounts payable - US 505 1,244 1,545 * On a book basis, i.e. includes checks written not cashed. Note the following filing entities had no cash activity: 02-13671 Insilco Holding Co. 02-13674 Insilco International Holding, Inc. 02-13677 EFI Metal Forming, Inc. In Re Insilco Technologies, Inc. et al. Case No. 02-13672 Insilco Technologies, Inc. Reporting Period: Debtors December 16 to December 31, 2002 ================================================================================ WEEKLY CASH FLOW ================================================================================ US LOCATIONS A A A Week number 51 52 1 Date 12/20/2002 12/27/2002 12/31/2002 - -------------------------------------------------------------------------------- BEGINNING CASH BALANCE 13,364 13,434 13,420 Collections - ----------- Trade receipts 284 283 8 Other -- -- -- - -------------------------------------------------------------------------------- Total Collections 284 283 8 - -------------------------------------------------------------------------------- CASH AVAILABLE 13,648 13,717 13,428 Disbursements* - -------------- Payroll -- (169) (31) Benefits (139) (100) (35) Inventory Purchases (5) (7) -- General Cash Disbursements (70) (1) -- Deposits -- -- -- Critical Vendor Payments -- -- -- Capital expenditures -- -- -- Other -- -- -- ------------------------------------------------ Subtotal Operating Expenses (214) (277) (66) Professional fees On-Going -- (20) -- Debtor's Professionals -- Unsecured Professionals ------------------------------------------------ Subtotal -- (20) -- ------------------------------------------------ Bank Professionals -- -- Restructuring costs -- -- -- Taxes -- -- -- Intercompany transfers out -- -- -- Intercompany transfers in -- -- -- Debt service -- -- -- - -------------------------------------------------------------------------------- Total disbursements (214) (297) (66) - -------------------------------------------------------------------------------- Wind-down costs Medical/Dental DIP Borrowings/(Paydowns) -- -- -- ENDING CASH 13,434 13,420 13,362 ================================================================================ Key Account information Sales 366 51 62 Trade accounts receivable balance 2,030 1,818 1,617 Inventory 2,280 2,207 2,111 Accounts payable - US 95 150 221 * On a book basis, i.e. includes checks writte n not cashed. In Re Insilco Technologies, Inc. et al. Case No. 02-13675 Precision Cable Manufacturing Reporting Period: Debtors December 16 to December 31, 2002 ================================================================================ WEEKLY CASH FLOW ================================================================================ US LOCATIONS A A A Week number 51 52 1 Date 12/20/2002 12/27/2002 12/31/2002 - -------------------------------------------------------------------------------- BEGINNING CASH BALANCE 1,275 1,682 1,590 Collections - ----------- Trade receipts 474 320 496 Other -- -- - -------------------------------------------------------------------------------- Total Collections 474 320 496 - -------------------------------------------------------------------------------- CASH AVAILABLE 1,749 2,002 2,086 Disbursements* - -------------- Payroll -- -- (46) Benefits (18) (56) (9) Inventory Purchases (67) (283) (25) General Cash Disbursements 18 (73) (47) Deposits -- -- -- Critical Vendor Payments -- -- -- Capital expenditures -- -- -- Other -- -- -- ------------------------------------------------ Subtotal Operating Expenses (67) (412) (127) Professional fees On-Going -- -- -- Debtor's Professionals -- Unsecured Professionals ------------------------------------------------ Subtotal -- -- -- ------------------------------------------------ Bank Professionals -- -- Restructuring costs -- -- -- Taxes -- -- -- Intercompany transfers out -- -- -- Intercompany transfers in -- -- -- Debt service -- -- -- - -------------------------------------------------------------------------------- Total disbursements (67) (412) (127) - -------------------------------------------------------------------------------- Wind-down costs Medical/Dental DIP Borrowings/(Paydowns) -- -- -- ENDING CASH 1,682 1,590 1,959 ================================================================================ Key Account information Sales 490 427 -- Trade accounts receivable balance 3,484 3,729 3,323 Inventory 3,923 4,322 4,041 Accounts payable - US -- 250 110 * On a book basis, i.e. includes checks written not cashed. In Re Insilco Technologies, Inc. et al. Case No. 02-13673 InNet Technologies, Inc. Reporting Period: Debtors December 16 to December 31, 2002 ================================================================================ WEEKLY CASH FLOW ================================================================================ US LOCATIONS A A A Week number 51 52 1 Date 12/20/2002 12/27/2002 12/31/2002 - -------------------------------------------------------------------------------- BEGINNING CASH BALANCE (1,275) (1,298) (1,354) Collections - ----------- Trade receipts 4 6 7 Other -- -- -- - -------------------------------------------------------------------------------- Total Collections 4 6 7 - -------------------------------------------------------------------------------- CASH AVAILABLE (1,271) (1,292) (1,347) Disbursements* - -------------- Payroll -- (62) -- Benefits (21) -- -- Inventory Purchases (1) -- -- General Cash Disbursements (3) -- -- Deposits (2) -- (2) Critical Vendor Payments -- -- -- Capital expenditures -- -- -- Other -- -- -- ------------------------------------------------ Subtotal Operating Expenses (27) (62) (2) Professional fees On-Going -- -- -- Debtor's Professionals -- Unsecured Professionals ------------------------------------------------ Subtotal -- -- -- ------------------------------------------------ Bank Professionals -- -- Restructuring costs -- -- -- Taxes -- -- -- Intercompany transfers out -- -- -- Intercompany transfers in -- -- -- Debt service -- -- -- - -------------------------------------------------------------------------------- Total disbursements (27) (62) (2) - -------------------------------------------------------------------------------- Wind-down costs Medical/Dental DIP Borrowings/(Paydowns) -- -- -- ENDING CASH (1,298) (1,354) (1,349) ================================================================================ Key Account information Sales 484 484 484 Trade accounts receivable balance 160 175 183 Inventory 106 155 260 Accounts payable - US -- -- 16 * On a book basis, i.e. includes checks written not cashed. In Re Insilco Technologies, Inc. et al. Case No. 02-13681 Signal Transformer Co., Inc. Reporting Period: Debtors December 16 to December 31, 2002 ================================================================================ WEEKLY CASH FLOW ================================================================================ US LOCATIONS A A A Week number 51 52 1 Date 12/20/2002 12/27/2002 12/31/2002 - -------------------------------------------------------------------------------- BEGINNING CASH BALANCE (1,473) (1,292) (1,142) Collections - ----------- Trade receipts 350 230 207 Other -- -- -- - -------------------------------------------------------------------------------- Total Collections 350 230 207 - -------------------------------------------------------------------------------- CASH AVAILABLE (1,123) (1,062) (935) Disbursements* - -------------- Payroll -- (75) (31) Benefits (23) -- -- Inventory Purchases -- -- -- General Cash Disbursements (146) (5) -- Deposits -- -- -- Critical Vendor Payments -- -- -- Capital expenditures -- -- -- Other -- -- -- ------------------------------------------------ Subtotal Operating Expenses (169) (80) (31) Professional fees On-Going -- -- -- Debtor's Professionals -- Unsecured Professionals ------------------------------------------------ Subtotal -- -- -- ------------------------------------------------ Bank Professionals -- -- Restructuring costs -- -- -- Taxes -- -- -- Intercompany transfers out -- -- -- Intercompany transfers in -- -- -- Debt service -- -- -- - -------------------------------------------------------------------------------- Total disbursements (169) (80) (31) - -------------------------------------------------------------------------------- Wind-down costs Medical/Dental DIP Borrowings/(Paydowns) -- -- -- ENDING CASH (1,292) (1,142) (966) ================================================================================ Key Account information Sales 439 -- 327 Trade accounts receivable balance 3,648 3,518 3,237 Inventory 4,569 4,569 4,276 Accounts payable - US 150 200 269 * On a book basis, i.e. includes checks written not cashed. In Re Insilco Technologies, Inc. et al. Case No.'s 02-13676 and 02-13678 Stewart Stamping Group Reporting Period: Debtors December 16 to December 31, 2002 ================================================================================ WEEKLY CASH FLOW ================================================================================ US LOCATIONS A A A Week number 51 52 1 Date 12/20/2002 12/27/2002 12/31/2002 - -------------------------------------------------------------------------------- BEGINNING CASH BALANCE 1,502 1,904 2,255 Collections - ----------- Trade receipts 735 705 229 Other -- -- -- - -------------------------------------------------------------------------------- Total Collections 735 705 229 - -------------------------------------------------------------------------------- CASH AVAILABLE 2,237 2,609 2,484 Disbursements* - -------------- Payroll -- (312) (254) Benefits (55) -- -- Inventory Purchases (215) (42) (8) General Cash Disbursements (63) -- -- Deposits -- -- -- Critical Vendor Payments -- -- -- Capital expenditures -- -- -- Other -- -- -- ------------------------------------------------ Subtotal Operating Expenses (333) (354) (262) Professional fees On-Going -- -- -- Debtor's Professionals -- Unsecured Professionals ------------------------------------------------ Subtotal -- -- -- ------------------------------------------------ Bank Professionals -- -- Restructuring costs -- -- -- Taxes -- -- -- Intercompany transfers out -- -- -- Intercompany transfers in -- -- -- Debt service -- -- -- - -------------------------------------------------------------------------------- Total disbursements (333) (354) (262) - -------------------------------------------------------------------------------- Wind-down costs Medical/Dental DIP Borrowings/(Paydowns) -- -- -- ENDING CASH 1,904 2,255 2,222 ================================================================================ Key Account information Sales 1,012 1,012 527 Trade accounts receivable balance 8,396 8,069 7,603 Inventory 8,355 8,355 8,355 Accounts payable - US 260 260 749 * On a book basis, i.e. includes checks written not cashed. In Re Insilco Technologies, Inc. et al. Case No. 02-13679 Stewart Connector Systems, Inc. Reporting Period: Debtors December 16 to December 31, 2002 ================================================================================ WEEKLY CASH FLOW ================================================================================ US LOCATIONS A A A Week number 51 52 1 Date 12/20/2002 12/27/2002 12/31/2002 - -------------------------------------------------------------------------------- BEGINNING CASH BALANCE (5,741) (5,595) (5,404) Collections - ----------- Trade receipts 271 339 172 Other -- -- -- - -------------------------------------------------------------------------------- Total Collections 271 339 172 - -------------------------------------------------------------------------------- CASH AVAILABLE (5,470) (5,256) (5,232) Disbursements* - -------------- Payroll -- (81) (112) Benefits -- (48) -- Inventory Purchases (52) -- -- General Cash Disbursements (73) (19) -- Deposits -- -- -- Critical Vendor Payments -- -- -- Capital expenditures -- -- -- Other -- -- -- ------------------------------------------------ Subtotal Operating Expenses (125) (148) (112) Professional fees On-Going -- -- -- Debtor's Professionals -- Unsecured Professionals ------------------------------------------------ Subtotal -- -- -- ------------------------------------------------ Bank Professionals -- -- Restructuring costs -- -- -- Taxes -- -- -- Intercompany transfers out -- -- -- Intercompany transfers in -- -- -- Debt service -- -- -- - -------------------------------------------------------------------------------- Total disbursements (125) (148) (112) - -------------------------------------------------------------------------------- Wind-down costs Medical/Dental DIP Borrowings/(Paydowns) -- -- -- ENDING CASH (5,595) (5,404) (5,344) ================================================================================ Key Account information Sales 440 10 10 Trade accounts receivable balance 3,680 3,427 3,370 Inventory 3,538 3,864 3,584 Accounts payable - US -- 384 180 * On a book basis, i.e. includes checks written not cashed. -----END PRIVACY-ENHANCED MESSAGE-----