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UNITED STATES OF AMERICA
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
[X] ANNUAL REPORT PURSUANT TO SECTION 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Fiscal Year Ended December 31, 2005 and 2004
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
COMMISSION FILE NUMBER 1-11846
A. Full title of the Plan:
APTARGROUP, INC. PROFIT
SHARING AND SAVINGS PLAN
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
APTARGROUP, INC.
475 West Terra Cotta Avenue, Suite E
Crystal Lake, Illinois 60014
Telephone: (815) 477-0424
APTARGROUP, INC.
PROFIT SHARING AND SAVINGS PLAN
INDEX TO FINANCIAL STATEMENTS AND SCHEDULE
Note: All other schedules of additional financial information required by Section 2520.103-10 of
the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974 (ERISA) have been omitted because they are not applicable.
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Employee Benefits Administrative Committee
AptarGroup, Inc. Profit Sharing and Savings Plan
Crystal Lake, Illinois
We have audited the accompanying statements of net assets available for benefits of the AptarGroup,
Inc. Profit Sharing and Savings Plan (the “Plan”) as of December 31, 2005 and 2004, and the related
statement of changes in net assets available for benefits for the year ended December 31, 2005.
These financial statements are the responsibility of the Plan’s management. Our responsibility is
to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material
respects, the net assets available for benefits of the Plan as of December 31, 2005 and 2004, and
the changes in net assets available for benefits for the year ended December 31, 2005 in conformity
with the U.S. generally accepted accounting principles.
Our audit was conducted for the purpose of forming an opinion on the basic financial statements
taken as a whole. The supplemental schedule of assets (held at end of year) is not a required part
of the basic financial statements but is supplementary information required by the Department of
Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974. The supplemental schedule is the responsibility of the Plan’s management.
The supplemental schedule has been subjected to the auditing procedures applied in the audit of the
basic 2005 financial statements and, in our opinion, are fairly stated in all material respects in
relation to the basic 2005 financial statements taken as a whole.
/s/ Crowe Chizek and Company LLC
Crowe Chizek and Company LLC
Oak Brook, Illinois
June 7, 2006
1
APTARGROUP, INC.
PROFIT SHARING AND SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE
FOR BENEFITS
AT DECEMBER 31, 2005 AND 2004
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2005 |
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|
2004 |
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Assets: |
|
|
|
|
|
|
|
|
Investments, at fair value |
|
$ |
79,020,675 |
|
|
$ |
73,749,831 |
|
Other Receivables: Unsettled Trades |
|
|
8,953 |
|
|
|
— |
|
Contributions Receivable: |
|
|
|
|
|
|
|
|
Participant |
|
|
150,903 |
|
|
|
235,264 |
|
Employer |
|
|
53,263 |
|
|
|
82,855 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS AVAILABLE FOR BENEFITS |
|
$ |
79,233,794 |
|
|
$ |
74,067,950 |
|
|
|
|
|
|
|
|
The accompanying notes are an integral part of these statements.
2
APTARGROUP, INC.
PROFIT SHARING AND SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE
FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2005
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Additions to net assets attributed to: |
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|
|
|
|
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Income from investments: |
|
|
|
|
|
|
|
|
|
Dividends |
|
$ |
3,818,763 |
|
Interest |
|
|
105,687 |
|
|
|
|
|
|
Net depreciation in fair value of investments |
|
|
(159,910 |
) |
|
|
|
|
|
Contributions: |
|
|
|
|
| |
Participant |
|
|
4,526,771 |
|
Employer |
|
|
1,511,848 |
|
|
|
|
|
|
|
|
|
|
Total Additions |
|
|
9,803,159 |
|
|
|
|
|
|
Deductions from net assets attributed to: |
|
|
|
|
|
|
|
|
|
Benefits paid to participants |
|
|
4,595,046 |
|
|
|
|
|
|
Administrative expenses |
|
|
42,269 |
|
|
|
|
|
|
|
|
|
|
Total Deductions |
|
|
4,637,315 |
|
|
|
|
|
|
|
|
|
|
Net increase in net assets available
for benefits for the year |
|
|
5,165,844 |
|
|
|
|
|
|
Net assets available for benefits, beginning
of the year |
|
|
74,067,950 |
|
|
|
|
|
|
|
|
|
|
Net assets available for benefits, end
of the year |
|
$ |
79,233,794 |
|
|
|
|
|
The accompanying notes are an integral part of these statements.
3
APTARGROUP, INC.
PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2005 AND 2004
NOTE 1 – DESCRIPTION OF THE PLAN
The following description of the AptarGroup, Inc. Profit Sharing and Savings Plan (the “Plan”)
provides only general information. Participants should refer to the plan document for a more
complete description of the Plan’s provisions.
The Plan, established on April 22, 1993, is a participant-directed defined contribution plan which
covers eligible full-time and part-time non-union employees of AptarGroup, Inc. and certain of its
subsidiaries (the “Company” or the “Employer”). The Plan is administered by a committee appointed
by the Company, consisting of Company employees.
A participant (“Participant” or “Participants”) is a full-time employee who becomes eligible to
participate on the first day of the month following 30 days of service, or a part-time employee who
becomes eligible to participate after completion of 1000 hours of service in any consecutive
twelve-month period. Participation is elective and is exercised by means of authorizing
contributions of salary to the Plan of not less than 1 percent and not more than 25 percent of
earnings (subject to Internal Revenue Code (“IRC”) limitations). Participants’ earnings are
generally defined as total compensation for services rendered to the Employer. Participants may
elect to suspend their contributions at any time. Eligible employees will not share in any
Employer contributions for any period in which they voluntarily suspend their contributions or do
not participate in the Plan. Active participation can be elected again on the next regular
enrollment date.
Contributions
The amount of Employer contributions is determined annually by the Employer on a discretionary
basis. Such contributions are computed as a matching percentage of each Participant’s contribution
within specified limits. The Company matched 50% of Participant contributions up to the first 6%,
plus an additional discretionary contribution for the year ended December 31, 2005.
Plan Investments
Fidelity Management Trust Company (the “Trustee”) is the trustee for the Plan. Participants may
direct their contributions and the employer matching contribution to any combination of the
following investment options which includes the following investment funds (the “Trust”) available
to Participants:
Retirement Government Money Market Portfolio- Assets included in this fund are invested in U.S.
government securities and repurchase agreements for those securities. The goal of this fund
4
APTARGROUP, INC.
PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2005 AND 2004
is to preserve a level of current income as is consistent with the security of principal and
liquidity.
Fidelity Magellan Fund- Assets included in this fund are primarily invested in common stock and
securities of domestic and foreign issuers with the intention of seeking capital appreciation.
Fidelity Managed Income Portfolio- Assets included in this fund are primarily invested in
investment contracts issued by insurance companies and other financial institutions, and in fixed
income securities. The goal of this fund is to preserve a principal investment while earning
interest income.
Fidelity Growth and Income Portfolio- Assets included in this fund are normally invested in common
stock with a focus on those that pay current dividends and show potential for capital appreciation.
The goal of this fund is to provide high total return through a combination of current income and
capital appreciation.
Fidelity Diversified International Fund- The fund primarily invests in common stock of foreign
securities. Foreign investments involve greater risk and may offer greater potential returns than
U.S. investments. The goal of this fund is to provide capital growth.
Fidelity Asset Manager Fund- Assets included in this fund are invested in all basic types of U.S.
and foreign investments including, but not limited to: stocks, bonds, and short-term and money
market instruments. The goal of this fund is to provide high total return with reduced risk over
the long term.
Fidelity Small Cap Independence Fund- The fund normally invests at least 80% of total assets in
securities of companies with small market capitalizations. The fund may invest in securities of
domestic and foreign issuers. The goal of the fund is to provide capital appreciation.
PIMCO Total Return Fund Administrative Class- The fund invests in all types of bonds, including
U.S. government, corporate, mortgage and foreign. While the fund maintains an average portfolio
duration of three to six years, investments may also include short-and long-maturity bonds. The
goal of this fund is to provide high total return that exceeds general bond market indices.
AptarGroup, Inc. Stock Fund- Assets included in this fund are invested in the common stock of the
Employer or its affiliate. Performance of this fund is directly tied to the performance of the
Company as well as to that of the stock market as a whole. The goal of the fund is to increase the
value of the investment over the long term by investing in the stock of the Employer or its
affiliate.
5
APTARGROUP, INC.
PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2005 AND 2004
Fidelity Freedom Income Fund- The fund primarily invests in short-term funds (40%), in investment
grade fixed income funds (39%), in domestic equity funds (20%) and in high yield fixed income funds
(1%). The goal of the fund is to provide high current income and, as a secondary objective, some
capital appreciation for those already in retirement.
Fidelity Freedom 2000 Fund- The fund primarily invests in Fidelity short-term mutual funds (40%),
in investment grade fixed income funds (36%), in domestic equity funds (23%) and in high yield
fixed income funds (1%). The goal of the fund is to provide high total return until its target
retirement date. Thereafter the fund’s objective will be to seek high current income and, as a
secondary objective, capital appreciation.
Fidelity Freedom 2005 Fund- The fund primarily invests in domestic equity funds (40%), in
investment grade fixed income funds (38%), in Fidelity short-term mutual funds (12%), in
international equity funds (5%) and in high yield fixed income funds (5%). The goal of the fund is
to provide high total return until its target retirement date. Thereafter the fund’s objective
will be to seek high current income and, as a secondary objective, capital appreciation.
Fidelity Freedom 2010 Fund- The fund primarily invests in domestic equity funds (41%), in
investment grade fixed income funds (40%), in Fidelity short-term mutual funds (9%), in
international equity funds (5%) and in high yield fixed income funds (5%). The goal of the fund is
to provide high total return until its target retirement date. Thereafter the fund’s objective
will be to seek high current income and, as a secondary objective, capital appreciation.
Fidelity Freedom 2015 Fund- The fund primarily invests in domestic equity funds (51%), in
investment grade fixed income funds (30%), in international equity funds (9%), in high yield fixed
income funds (7%) and in Fidelity short-term mutual funds (3%). The goal of the fund is to provide
high total return until its target retirement date. Thereafter the fund’s objective will be to
seek high current income and, as a secondary objective, capital appreciation.
Fidelity Freedom 2020 Fund- The fund primarily invests in domestic equity funds (59%), in
investment grade fixed income funds (23%), in international equity funds (10%) and in high yield
fixed income funds (8%). The goal of the fund is to provide high total return until its target
retirement date. Thereafter the fund’s objective will be to seek high current income and, as a
secondary objective, capital appreciation.
Fidelity Freedom 2025 Fund- The fund primarily invests in domestic equity funds (64%), in
investment grade fixed income funds (18%), in international equity funds (11%) and in high yield
fixed income funds (7%). The goal of the fund is to provide high total return until its target
retirement date. Thereafter the fund’s objective will be to seek high current income and, as a
secondary objective, capital appreciation.
6
APTARGROUP, INC.
PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2005 AND 2004
Fidelity Freedom 2030 Fund- The fund primarily invests in domestic equity funds (70%), in
international equity funds (13%), in investment grade fixed income funds (10%) and in high yield
fixed income funds (7%). The goal of the fund is to provide high total return until its target
retirement date. Thereafter the fund’s objective will be to seek high current income and, as a
secondary objective, capital appreciation.
Fidelity Freedom 2035 Fund- The fund primarily invests in domestic equity funds (70%), in
international equity funds (14%), in investment grade fixed income funds (8%) and in high yield
fixed income funds (8%). The goal of the fund is to provide high total return until its target
retirement date. Thereafter the fund’s objective will be to seek high current income and, as a
secondary objective, capital appreciation.
Fidelity Freedom 2040 Fund- The fund primarily invests in domestic equity funds (70%), in
international equity funds (15%), in high yield fixed income funds (10%) and in investment grade
fixed income funds (5%). The goal of the fund is to provide high total return until its target
retirement date. Thereafter the fund’s objective will be to seek high current income and, as a
secondary objective, capital appreciation.
Participant Accounts
A Participant may elect to transfer certain portions of his or her account in the Plan from one
fund to another up to twelve times per year subject to certain restrictions between the Retirement
Government Money Market Fund and Managed Income Fund. Each participant’s account is credited with
contributions and an allocation of plan earnings, and reduced for benefit payments and certain
administrative expenses. Plan earnings are determined and credited to each participant’s account
on a daily basis in accordance with the proportion of a participant’s account to all accounts.
Vesting
Each Participant is fully vested in his or her contributions and related earnings at all times.
Vesting of the Employer contribution account occurs at the rate of 20 percent per year of service
on a cumulative basis for each year of service with a participating Employer. Participants may
elect to receive vested benefits in the form of a lump-sum distribution, installment payments, or a
combination of these forms, or a direct transfer to an eligible retirement plan. While employed,
in the event of hardship, participants may withdraw a portion of their vested account balances as
defined by the Plan. Upon withdrawal from the Plan, the Participant will receive the amount of his
or her contributions plus the vested portion of his or her Employer contributions. When a
Participant terminates employment for any reason other than retirement after age 65, death or
disability, the nonvested amounts of the Employer contributions will be forfeited and used to
reduce future contributions of the Employer. The amount of such forfeitures in the year ended
7
APTARGROUP, INC.
PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2005 AND 2004
December 31, 2005 was $66,757. Nonvested amounts for Participants who terminate employment for any
reason other than retirement after age 65, death or disability, will be reinstated if reemployment
by the Employer occurs prior to incurring five consecutive one year breaks in service as defined by
the Plan agreement.
Participant Loans
The Plan provides that a Participant may, for specified reasons, borrow from the Plan an amount not
to exceed the lesser of 50 percent of the Participant’s vested account balance or $50,000. Each
Participant loan is evidenced by a note and is considered an investment to that Participant’s
respective account. Each Participant note carries an interest rate equal to the prime rate plus
one percent (loans opened during the year ended December 31, 2005 had interest rates on outstanding
notes ranging from 6.25% to 10.50%) charged by the Trustee on the date of the loan, and repayment
occurs through payroll withholding over a period not to exceed 60 months.
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting
The financial statements of the Plan have been prepared on the accrual basis of accounting.
Valuation of Investments
The Plan’s investments are stated at fair value. Investments in mutual funds and common stock are
stated at current market prices in actively traded markets. Participant loans are valued at cost,
which approximates fair market value. The fair value of the Fidelity Managed Income Portfolio is
determined by the Trustee. This common trust fund invests in short-term and long-term conventional
and synthetic investment contracts issued by insurance companies and other institutions that meet
the high credit quality standards established by the Trustee. The investment contracts are
recorded at contract value (which represents contributions received, plus interest, less plan
withdrawals), which approximates fair value at December 31, 2005 and 2004.
Contributions
Employer and employee contributions are invested directly in appropriate funds based upon employee
elections made at the date of enrollment or through authorized changes in elections.
8
APTARGROUP, INC.
PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2005 AND 2004
Plan Transfers
Participant contributions included in the Statement of Changes in Net Assets in the amount of
$157,281 were transferred to the Plan as a result of the employee rollover provision of the Plan
during 2005.
Payment of Benefits
Benefits are recorded when paid.
Use of Estimates
The preparation of financial statements in conformity with U.S. generally accepted accounting
principles requires management to make estimates and assumptions that affect the reported amounts
of net assets and changes thereto. Actual amounts could differ from those estimates.
Security Transactions and Investment Income
Purchases and sales of securities, including related gains and losses, are recorded as of the trade
date. Unsettled security investments represent transactions entered into prior to the end of the
accounting period for which cash settlement is made in a subsequent period. Interest income is
recorded when earned. Dividend income is recorded on the ex-dividend date. In accordance with the
policy of stating investments at current value, net appreciation or depreciation is reflected in
the Statement of Changes in Net Assets Available for Benefits. This net appreciation or
depreciation consists of realized and unrealized gains and losses. Realized losses and gains are
calculated as the difference between proceeds from a sales transaction and cost determined on an
average basis. Unrealized losses and gains are calculated as the change in the fair value between
the beginning of the year (or purchase date if later) and the end of the year.
Trustee and Administrative Expenses
Expenses incurred in the administration of the Plan and Marquette Investment Manager fees are paid
by the Company through Plan forfeitures, except for loan service fees, which are paid by the
Participants. Certain other costs of plan administration were paid by the Company.
9
APTARGROUP, INC.
PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2005 AND 2004
NOTE 3 – PARTY-IN-INTEREST TRANSACTIONS
Related party transactions included investments in the AptarGroup Stock. At December 31, 2005
and 2004, the Plan had $10,284,496 and $10,293,605, respectively, invested in Employer Stock
through a unitized investment fund managed by the Trustee. The Plan held 197,021 and 195,029
shares of Employer stock as of December 31, 2005 and 2004, respectively. Additionally, certain Plan
investments are shares of mutual funds, a common trust fund and a
money market fund managed by the Trustee or an affiliate of the
Trustee, and participant loans, therefore,
these transactions qualify as party-in-interest. Fees paid by the Plan to the Trustee for loan
services amounted to $10,196 for the year ended December 31, 2005. Fees paid by the Plan through
Plan forfeitures to the Trustee and Marquette Investment Manager for trustee and investment
management fees amounted to $12,323 and $19,750, respectively, for the year ended December 31,
2005. These transactions are not prohibited transactions as defined under the Employee Retirement
Income Security Act of 1974 (“ERISA”).
NOTE 4 – FEDERAL INCOME TAX STATUS
The Internal Revenue Service has determined and informed the Company by a letter dated April 4,
2002 that the Plan is designed in accordance with applicable sections of the IRC. The Plan has
been amended since receiving the determination letter. However, the Plan administrator believes
that the Plan is designed and continues to be operated in compliance with the applicable
requirements of the IRC. Therefore, no provision for income taxes has been included in the Plan’s
financial statements.
NOTE 5 – RISKS AND UNCERTAINTIES
Investment securities are exposed to various risks, such as interest rate, market and credit. Due
to the level of risk associated with certain investment securities and the level of uncertainty
related to changes in the value of investment securities, it is at least reasonably possible that
changes in risks in the near term would materially affect Participants’ account balances and the
amounts reported in the Statements of Net Assets Available for Benefits and the Statement of
Changes in Net Assets Available for Benefits.
10
APTARGROUP, INC.
PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2005 AND 2004
NOTE 6 – AMENDMENT AND TERMINATION OF PLAN
The Plan may be amended at any time by the Company. However, no amendment may adversely affect the
current rights of the Participants in the Plan with respect to contributions made prior to the date
of the amendment.
Although it has not expressed any intent to do so, the Company reserves the right to discontinue
Employer contributions or to terminate its participation in the Plan at any time. In the event of
a partial or complete termination of the Plan, all Participants with respect to whom the Plan is
being terminated shall be fully vested in their accounts as of the date of the termination of the
Plan. If a Participant remains an employee of the Company or its affiliates following the
termination of the Plan, his benefits shall remain in the Trust until his severance from service
and then shall be paid to him in accordance with the provisions of the Plan.
The Plan is subject to the provisions of ERISA applicable to defined contribution plans. Since the
Plan provides for an individual account for each Participant and for benefits based solely on the
amount contributed to the Participant’s account and any income, expenses, gains and losses
attributed thereto, its benefits are not insured by the Pension Benefit Guaranty Corporation
pursuant to Title IV of ERISA.
11
APTARGROUP, INC.
PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2005 AND 2004
NOTE 7 – INVESTMENTS
The fair values of individual investments that represent 5% or more of the Plan’s net assets are as
follows:
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December 31, |
|
| |
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2005 |
|
|
2004 |
|
Money Market Fund |
|
|
|
|
|
|
|
|
Fidelity Retirement Government |
|
|
|
|
|
|
|
|
Money Market Portfolio |
|
$ |
11,019,773 |
|
|
$ |
10,521,652 |
|
|
|
|
|
|
|
|
|
|
Common Stock |
|
|
|
|
|
|
|
|
AptarGroup, Inc. Common Stock |
|
|
10,284,496 |
|
|
|
10,293,605 |
|
|
|
|
|
|
|
|
|
|
Mutual Funds |
|
|
|
|
|
|
|
|
Fidelity Magellan Fund |
|
|
22,496,927 |
|
|
|
22,147,227 |
|
|
|
|
|
|
|
|
|
|
Fidelity Growth and Income Portfolio |
|
|
14,476,030 |
|
|
|
13,982,072 |
|
|
|
|
|
|
|
|
|
|
Fidelity Diversified International Fund |
|
|
6,284,853 |
|
|
|
4,306,698 |
|
|
|
|
|
|
|
|
|
|
Common Trust Fund |
|
|
|
|
|
|
|
|
Fidelity Managed Income Portfolio |
|
|
5,499,809 |
|
|
|
5,533,285 |
|
During 2005, the Plan’s investments (bought, sold and held during the year) depreciated in value by
$159,910. Mutual funds accounted for $193,439 of the depreciation and AptarGroup, Inc. common
stock accounted for $33,529 of the appreciation, respectively.
12
Schedule H, Line 4i
APTARGROUP, INC.
PROFIT SHARING AND SAVINGS PLAN
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2005
Name of plan sponsor:
AptarGroup, Inc.
Employer identification number: 36-3853103
Three-digit plan number:
002
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Description |
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| |
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Issuer |
|
Identity of Issue |
|
of Investment |
|
Cost** |
|
|
Fair Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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* |
|
Fidelity Management |
|
Retirement |
|
|
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|
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|
Trust Company |
|
Government Money |
|
|
|
|
|
|
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|
Market Portfolio |
|
Money Market Fund |
|
|
|
|
|
$ |
11,019,773 |
|
* |
|
Fidelity Investments |
|
Magellan Fund |
|
Mutual Fund |
|
|
|
|
|
|
22,496,927 |
|
* |
|
AptarGroup, Inc. |
|
Common Stock |
|
Common Stock |
|
|
|
|
|
|
10,284,496 |
|
* |
|
Fidelity Management Trust Company |
|
Money Market Fund |
|
Money Market Fund |
|
|
|
|
|
|
1,180 |
|
* |
|
Fidelity Investments |
|
Growth and Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portfolio |
|
Mutual Fund |
|
|
|
|
|
|
14,476,030 |
|
* |
|
Fidelity Management |
|
Managed Income |
|
|
|
|
|
|
|
|
|
|
|
|
Trust Company |
|
Portfolio |
|
Common Trust Fund |
|
|
|
|
|
|
5,499,809 |
|
* |
|
Fidelity Investments |
|
Diversified |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
International Fund |
|
Mutual Fund |
|
|
|
|
|
|
6,284,853 |
|
* |
|
Fidelity Investments |
|
Asset Manager Fund |
|
Mutual Fund |
|
|
|
|
|
|
2,621,169 |
|
* |
|
Fidelity Investments |
|
Small Cap |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Independence Fund |
|
Mutual Fund |
|
|
|
|
|
|
2,709,230 |
|
|
|
PIMCO |
|
Total Return Fund |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Class |
|
Mutual Fund |
|
|
|
|
|
|
868,795 |
|
* |
|
Fidelity Investments |
|
Freedom Income Fund |
|
Mutual Fund |
|
|
|
|
|
|
778 |
|
* |
|
Fidelity Investments |
|
Freedom 2000 Fund |
|
Mutual Fund |
|
|
|
|
|
|
127 |
|
* |
|
Fidelity Investments |
|
Freedom 2010 Fund |
|
Mutual Fund |
|
|
|
|
|
|
359,359 |
|
* |
|
Fidelity Investments |
|
Freedom 2020 Fund |
|
Mutual Fund |
|
|
|
|
|
|
120,315 |
|
* |
|
Fidelity Investments |
|
Freedom 2030 Fund |
|
Mutual Fund |
|
|
|
|
|
|
53,023 |
|
* |
|
Fidelity Investments |
|
Freedom 2040 Fund |
|
Mutual Fund |
|
|
|
|
|
|
37,313 |
|
* |
|
Fidelity Investments |
|
Freedom 2005 Fund |
|
Mutual Fund |
|
|
|
|
|
|
150 |
|
* |
|
Fidelity Investments |
|
Freedom 2015 Fund |
|
Mutual Fund |
|
|
|
|
|
|
144,643 |
|
* |
|
Fidelity Investments |
|
Freedom 2025 Fund |
|
Mutual Fund |
|
|
|
|
|
|
34,716 |
|
* |
|
Fidelity Investments |
|
Freedom 2035 Fund |
|
Mutual Fund |
|
|
|
|
|
|
60,265 |
|
* |
|
Plan participants |
|
Participant Loans - Range of interest |
|
|
|
|
|
|
|
|
|
|
|
|
rates 5.00%- 10.50% |
|
|
|
|
|
|
|
|
1,947,724 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
79,020,675 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*Party-in-interest
**Investments are participant-directed. Cost is not required to be presented.
13
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, AptarGroup, Inc., as plan
administrator, has duly caused this annual report to be signed on its behalf by the undersigned
hereunto duly authorized.
| |
|
|
|
|
| |
|
AptarGroup, Inc. Profit Sharing and Savings Plan |
|
|
|
|
|
|
|
By:
|
|
AptarGroup, Inc., as Plan Administrator |
|
|
|
|
|
|
|
By:
|
|
/s/ Lawrence Lowrimore
Lawrence Lowrimore
Vice President-Human Resources |
June 26, 2006
14
INDEX OF EXHIBIT
| |
|
|
| Exhibit No. |
|
Description |
|
|
|
23.1*
|
|
Consent of Independent Registered Public Accounting Firm. |
* Filed herewith.
15