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ABL > SEC Filings for ABL > Form 8-K on 24-Sep-2008All Recent SEC Filings

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Form 8-K for AMERICAN BILTRITE INC


24-Sep-2008

Entry into a Material Definitive Agreement, Financial Statements and Exhibi


Item 1.01. Entry into a Material Definitive Agreement

On September 23, 2008, American Biltrite Inc. and its majority-owned subsidiary Congoleum Corporation entered into an Amendment to Business Relations Agreement that renewed the term of the Business Relations Agreement until the earlier of
(a) the effective date of a plan of reorganization for Congoleum Corporation, et al., following a final order of confirmation, or (b) June 30, 2009. A copy of the amendment is filed as Exhibit 10.1 to this report and is incorporated herein by reference.

Also on September 23, 2008, American Biltrite Inc. and Congoleum Corporation entered into the Sixth Amendment to Personal Service Agreement that renewed the term of the Personal Services Agreement until the earlier of (a) the effective date of a plan of reorganization for Congoleum Corporation, et al., following a final order of confirmation, or (b) June 30, 2009. A copy of the amendment is filed as Exhibit 10.2 to this report and is incorporated herein by reference..

On December 31, 2003, Congoleum Corporation filed a voluntary petition with the United States Bankruptcy Court for the District of New Jersey (Case No. 03-51524) seeking relief under Chapter 11 of the United States Bankruptcy Code as a means to resolve claims asserted against it related to the use of asbestos in its products decades ago. That Chapter 11 case remains pending.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit
Number           Description


10.1             Amendment to Business Relations Agreement,
                 dated as of September 23, 2008, by and
                 between American Biltrite Inc. and
                 Congoleum Corporation

                 Sixth Amendment to Personal Service
10.2             Agreement, dated as of September 23, 2008,
                 by and between American Biltrite Inc. and
                 Congoleum Corporation

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