01—Abstract
Summary
Summary of the 10-K/A filed May 27, 1994. Cited figures are marked; the original filing is the authoritative source.
This annual report on Form 10-K from WPL Holdings, Inc. (now Alliant Energy), parent of Wisconsin Power and Light Company, covers the year ended December 31, 1993.
Item 14 lists the consolidated financial statements for 1993, 1992 and 1991, including income, balance sheets, cash flows, capitalization and common shareowners' investment, along with financial statement schedules. It also lists the exhibits, which include the restated articles of incorporation, by-laws revised to January 1, 1993, executive compensation and benefit plans, a computation of the ratio of earnings to fixed charges and preferred dividend requirements, a list of subsidiaries, auditor consents, and the 1994 proxy statement. The company reports no Form 8-K filings during the period.
Most of the filed text consists of audited financial statements for three employee benefit plans, each of which holds WPL Holdings common stock. The Wisconsin Power and Light Company Employee Stock Ownership Plan had net assets of $42,454,339a at December 31, 1993, versus $43,812,233 a year earlier, and held 1,291,387 WPL Holdings shares valued at $32.875 per share. Employees' Retirement Savings Plan A reported net assets of $35,250,582 (versus $29,493,802 in 1992), including WPL Holdings stock valued at $8,442,384.
Plan B reported net assets of $30,516,185b (versus $25,342,511), including WPL Holdings stock valued at $6,783,015. Arthur Andersen & Co. audited the plan statements and issued unqualified opinions dated March 25, 1994. The filing also describes WPL Holdings' shareholder rights plan, declared in February 1989, which has an exercise price of $60.00 per share, becomes exercisable if a person or group acquires 20 percent or more of the outstanding shares, and expires February 22, 1999.
02—Key points
Key Highlights
- The filing covers the year ended December 31, 1993, with consolidated statements of income, balance sheets, cash flows, capitalization and common shareowners' investment for 1993, 1992 and 1991.
- The company reports no Form 8-K filings during the period.
- The Wisconsin Power and Light Company ESOP reported net assets of $42,454,339 at December 31, 1993, versus $43,812,233 at December 31, 1992.
- Employees' Retirement Savings Plan A reported net assets of $35,250,582 at year-end 1993, up from $29,493,802 in 1992.
- Employees' Retirement Savings Plan B reported net assets of $30,516,185 at year-end 1993, up from $25,342,511 in 1992.
- A shareholder rights plan declared in February 1989 has a $60.00 exercise price and is triggered by acquisition of 20 percent or more of outstanding shares, expiring February 22, 1999.
- Arthur Andersen & Co. issued unqualified audit opinions on the plan financial statements, dated March 25, 1994.
03—Questions
Frequently Asked Questions
What did the Wisconsin Power and Light ESOP hold at year-end 1993?
The ESOP held 1,291,387 shares of WPL Holdings, Inc. common stock at a quoted market value of $32.875 per share, with an aggregate cost of $23,620,349. Its total net assets were $42,454,339.
What matching contributions do the employee savings plans provide?
Under Plan A, employees may defer up to 15% of compensation, and the company matches 25% of deferred contributions up to 6% of compensation per pay period. Effective January 1, 1994, Plan B was amended to add a company match of 25% of employee contributions under 6% of income.
Did the company file any reports on Form 8-K during the period?
No. Item 14(b) states 'None.'
When is the 1994 annual shareowners' meeting?
The 1994 proxy statement, filed as Exhibit 99, covers the annual meeting of shareowners to be held May 18, 1994.
04—Continue