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Alliant Energy Annual Report (Amendment), Year Ended Dec 31, 1992

Filing Date
Filed February 7, 1994
Period End
December 31, 1992
Security
LNT
In the record · 2016–202610-K1110-Q338-K136

LNT filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 136 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · May ’17May ’17
  2. Leadership change8-K · Dec ’19Dec ’19
  3. Material agreement8-K · Mar ’22Mar ’22
  4. Leadership change8-K · Jan ’26Jan ’26

01—Abstract

Summary

Summary of the 10-K/A filed February 7, 1994. Cited figures are marked; the original filing is the authoritative source.

This Form 10-K/A (Amendment No. 1) for fiscal year 1992 of WPL Holdings, Inc. (now Alliant Energy) adds financial statements and schedules for three employee benefit plans of its subsidiary, Wisconsin Power and Light Company: the Employee Stock Ownership Plan (ESOP), Employees' Retirement Savings Plan A (salaried employees), and Employees' Retirement Savings Plan B (hourly employees).

The amendment does not contain consolidated corporate financial statements or business discussion. The filing states that Arthur Andersen & Co. audited the plans and issued unqualified opinions dated April 23, 1993. The ESOP reported net assets available for benefits of $43,812,233a at December 31, 1992, up from $42,346,805 a year earlier.

Nearly all of its assets were 1,293,353 shares of WPL Holdings common stock, valued at $33.875b per share at year-end. Its 1992 increase came from dividend income of $2,367,641 and unrealized appreciation of $795,904, offset by distributions to terminated participants of $1,698,117. Plan A's net assets were $29,493,802 at year-end 1992 versus $24,232,063 in 1991, and Plan B's were $25,342,511 versus $21,100,103.

Plan A's total additions in 1992 were $5,727,351c and Plan B's were $5,275,051. For investors, the filing mainly shows the size of employee retirement savings tied to the company's stock.

WPL Holdings common stock was a significant holding in both Plan A ($7,370,389d) and Plan B ($5,510,478) at year-end 1992. The filing also notes that the shareowner purchase rights, with an exercise price of $60.00 per share, expire on February 22, 1999.

02—Key points

Key Highlights

  1. Form 10-K/A amends Item 14 of the 1992 annual report to add employee benefit plan financial statements; it contains no consolidated corporate financial statements.
  2. WPL Holdings' ESOP held 1,293,353 shares of company stock valued at $43,811,771 at December 31, 1992, with net assets of $43,812,233.
  3. Employees' Retirement Savings Plan A reported net assets of $29,493,802 at year-end 1992, up from $24,232,063 in 1991.
  4. Employees' Retirement Savings Plan B reported net assets of $25,342,511 at year-end 1992, up from $21,100,103 in 1991.
  5. WPL Holdings common stock was $7,370,389 of Plan A's investments and $5,510,478 of Plan B's at December 31, 1992.
  6. The ESOP received $2,367,641 in dividend income in 1992 and recorded unrealized appreciation of $795,904.
  7. As of February 26, 1993, 27,934,660 shares were outstanding, and the nonaffiliate market value was $974,221,268.

03—Questions

Frequently Asked Questions

  1. What does this amendment actually add to the 1992 annual report?

    It adds audited financial statements and supplemental schedules for the Wisconsin Power and Light Company Employee Stock Ownership Plan and the Employees' Retirement Savings Plans A and B, along with a consent of Arthur Andersen & Co. as Exhibit 23A. The audit reports are dated April 23, 1993.

  2. How much did the employee plans hold in WPL Holdings stock?

    At December 31, 1992, the ESOP held 1,293,353 shares valued at $43,811,771. Plan A held 217,576 shares valued at $7,370,389, and Plan B held 162,671 shares valued at $5,510,478.

  3. Did the employee plans grow in 1992?

    Yes. Net assets rose to $43,812,233 for the ESOP, $29,493,802 for Plan A, and $25,342,511 for Plan B at year-end 1992, compared with $42,346,805, $24,232,063, and $21,100,103 at year-end 1991.

  4. What are the shareowner purchase rights mentioned in the filing?

    The rights were declared in February 1989. Each right initially entitles the holder to buy one-half of one share of WPL Holdings common stock at $60.00 per share, subject to adjustment. The rights are not currently exercisable and expire on February 22, 1999, unless redeemed or exchanged earlier by WPL Holdings. They become exercisable only if a person or group acquires or attempts to acquire 20 percent or more of the outstanding shares.

04—Continue

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