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
September 7, 2006
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Date of Report (Date of earliest event reported)
Congoleum Corporation
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(Exact name of registrant as specified in its charter)
Delaware 01-13612 02-0398678
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
3500 Quakerbridge Road
P.O. Box 3127
Mercerville, NJ 08619-0127
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(Address of principal executive offices and zip code)
609-584-3000
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(Registrant's telephone number, including area code)
N/A
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(Former name or former address,
if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a- 12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01 OTHER EVENTS
On September 7, 2006, Congoleum Corporation ("Congoleum") entered into an
agreement in principle, subject to mutually agreeable definitive documentation,
with the official committee representing its bondholders and asbestos claimants'
representatives on certain amendments to Congoleum's pending plan of
reorganization. As a result, the official bondholders committee has agreed to
support Congoleum's reorganization plan and will be withdrawing the plan of
reorganization it had previously filed jointly with Continental Casualty Company
and Continental Insurance Company.
The press release issued with respect thereto is filed as Exhibit 99.1 and
incorporated herein by reference. The term sheet executed in connection
therewith is filed as Exhibit 99.2 and incorporated herein by reference.
When entering the scheduling order on September 11, 2006, the Judge set October
26, 2006 as the date for the disclosure statement hearing.
ITEM 9.01 EXHIBITS
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EXHIBIT NO. DESCRIPTION
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99.1 Press release dated September 7, 2006.
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99.2 Bondholder Term Sheet.
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SIGNATURE
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 hereunto duly authorized.
Date: September 11, 2006 Congoleum Corporation
By: /s/ Howard N. Feist III
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Name: Howard N. Feist III
Title: Chief Financial Officer
Exhibit Index
Exhibit
Number Description
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99.1 Press release dated September 7, 2006.
99.2 Bondholder Term Sheet.