- Current report filing (8-K)

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) January 20, 2010

REUNION INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)

DELAWARE 01-15739 06-1439715 ---------------------------------------------------------------------------- (State of Incorporation) (Commission File No.) (IRS Employer ID No.)

11 STANWIX STREET, SUITE 1400
PITTSBURGH, PENNSYLVANIA 15222
(Address of principal executive offices, including zip code)

[phone]
(Registrant's telephone number, including area code)

NOT APPLICABLE

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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 (see General Instruction A.2. below):

[ ] 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))

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Item 8.01 - Other Events

As previously reported, on November 26, 2007 Reunion Industries, Inc. ("Reunion") filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Connecticut, Bridgeport Division (the "Bankruptcy Court"). Reunion continues to operate as "debtor-in-possession" in that proceeding under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code. Attached to and made a part of this Report is Reunion's Monthly Operating Report that was filed on January 6, 2010 with the Bankruptcy Court and the United States Trustee pursuant to Rule 2015 of the Federal Rules of Bankruptcy Procedure.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, hereunto duly authorized.

Date: January 20, 2010 REUNION INDUSTRIES, INC. ---------------- (Registrant) By: /s/ John M. Froehlich --------------------- John M. Froehlich Executive Vice President of Finance and Chief Financial Officer

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UNITED STATES BANKRUPTCY COURT
BRIDGEPORT DIVISION - DISTRICT OF CONNECTICUT
MONTHLY OPERATING REPORT

In re REUNION INDUSTRIES, INC. Case No. 07-50727(AHWS) ------------------------ -------------- Reporting Period: NOV. 2009 --------- Federal Tax I.D. # 06-1439715 ----------

CORPORATE MONTHLY OPERATING REPORT

DOCUMENT EXPLANATION REQUIRED DOCUMENTS FORM NO. ATTACHED ATTACHED ----------------------------- -------------- -------- ------------ Schedule of Cash Receipts and Disbursements MOR-1 YES N/A Bank Reconciliations MOR-1(CON'T) YES N/A Statement of Operations MOR-2 YES N/A Balance Sheet MOR-3 YES N/A Status of Post-petition Taxes MOR-4 YES N/A Summary of Unpaid Post-petition Debts MOR-4 YES N/A Accounts Receivable MOR-5 YES N/A Taxes Reconciliation & Aging MOR-5 YES N/A Payments -Insiders/Professionals MOR-6 YES N/A Post Petition Status of Secured Notes, Leases Payable MOR-6 YES N/A Debtor Questionnaire MOR-7 YES N/A

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

Authorized Individual s JOHN M. FROEHLICH, CFO Date JAN 4, 2010

Authorized individual must be an officer, director or shareholder if debtor is a corporation.

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REUNION INDUSTRIES, INC. CASE NO. 07-50727(AHWS)

MONTHLY OPERATING REPORT - 1 page 1/4 CASH RECEIPTS AND DISBURSEMENTS NOVEMBER 2009 ------------- Cash - beginning of period excluding $ 1,828,537 Plus: Collections on receivables 1,464,532 Plus: Miscellaneous/Titan receipts 28,457 Less: Disbursements Net payroll 318,290 Payroll taxes 120,770 Titan disbursements 6,081 Other operating 960,001 Income Tax payments 0 Reorganization: Professional fees 0 U.S. Trustee fees - quarterly 0 --------- Total 1,405,142 --------- Cash - end of period $ 1,916,384 ===========

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REUNION INDUSTRIES, INC. CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 1 page 2/4
BANK RECONCILIATION
AS OF NOVEMBER 30, 2009

BANK PNC BANK PNC BANK PNC BANK TYPE OPERATING PAYROLL HEALTHCARE ACCOUNT NUMBER 2161326 2184149 2880718 Balance per books $ 11,900 $(3,083) $ 1,791 ========= ======= ======== BANK BALANCE $ 37,717 $ 0 $ 5,871 Deposits in transit Outstanding checks (25,817) (3,083) (4,080) Other - explain below --------- ------- -------- Adj. Bank Balance $ 11,900 $(3,083) $ 1,791 ========= ======== ========

("Adj. Bank Balance" must equal "Balance per books".)

EXPLANATION OF OTHER:

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REUNION INDUSTRIES, INC. CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 1 page 3/4
BANK RECONCILIATION
AS OF NOVEMBER 30, 2009

BANK PNC BANK PNC BANK PNC BANK TYPE PENSION COLLATERAL CARVE-OUT ACCOUNT NUMBER 1011567058 1019820572 1019820847 Balance per books $ 0 $ 0 $1,517,142 ======== ========== ========= BANK BALANCE $ 5,096 $ 0 $1,517,142 Deposits in transit Outstanding checks (5,096) Other - explain below -------- ---------- --------- Adj. Bank Balance $ 0 $ 0 $1,517,142 ======== ========== =========

("Adj. Bank Balance" must equal "Balance per books".)

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REUNION INDUSTRIES, INC. CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 1 page 4/4
BANK RECONCILIATION
AS OF NOVEMBER 30, 2009

BANK FIFTH THIRD FIFTH THIRD Chase Chase
TYPE OPERATING PAYROLL Operating Royalty
ACCOUNT NUMBER 7512940417 1065629 1690008469 1820765236

Balance per books $ 239,178 $ (8,178) $ 47,283 $ 110,351 ========= ======== ======= ======== BANK BALANCE $ 544,467 $ 0 $ 48,616 $ 116,214 Deposits in transit Outstanding checks (305,289) (8,178) (1,333) (5,863) Other - explain below --------- -------- ------- -------- Adj. Bank Balance $ 239,178 $ (8,178) $ 47,283 $ 110,351 ========= ======== ======= ========

("Adj. Bank Balance" must equal "Balance per books".)

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REUNION INDUSTRIES, INC. CASE NO. 07-50727(AHWS) MONTHLY OPERATING REPORT - 2 INCOME STATEMENT FOR THE PERIODS INDICATED ------------------------- ($ amounts in thousands) Post Month of Petition to Nov-09 30-Nov-09 -------- --------- Net Sales $ 1,113 $ 45,788 Cost of Sales: Standard Cost 834 33,487 Variances & Other 239 5,390 ------ ------ Gross Profit 40 6,911 Operating Expenses: Marketing 49 1,748 General & Admin 201 8,038 ------ ------- Operating Profit (210) (2,911) Other Income(Expense) 0 40,724 Equity in China JV 20 1,223 Reorganization exp: Professional fees 0 (615) U.S. Trustee fees 0 (81) Adequate Protection Paym't Exp. 0 (450) Interest (Expense) - excluding Adequate Protection Payments (3) (4,990) ------ ------- Profit before tax (193) 32,900 Income Tax 0 (1,300) ------ ------- Net Income $ (193) $ 31,600 ======= ========

NOTE: Other income(expense) above primarily reflects the gain on the sale of the Company's CP Industries division in April of 2008.

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REUNION INDUSTRIES, INC. CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 3
COMPARITIVE BALANCE SHEET
AS OF THE PERIODS SHOWN
($ amounts in thousands)

26-Nov-07 31-Oct-09 30-Nov-09 --------- --------- --------- ASSETS: Cash and Equivalents $ 754 $ 1,828 $ 1,916 Net Receivables 7,166 2,194 1,820 Net Inventory 12,369 2,040 1,961 Other Current Assets 3,029 1,714 1,717 ------- ------- ------- Current 23,318 7,776 7,414 Net Property 6,300 3,291 3,266 Goodwill 10,994 1,491 1,491 CSV policies 2,200 1,340 1,340 Interest in China JV 3,009 4,212 4,232 ------- ------- ------- Total $ 45,821 $ 18,110 $ 17,743 ========= ========= ======== LIABILITIES & EQUITY: Current Maturities of Debt $ 0 $ 0 $ 0 Trade Payables 3,305 953 938 Accrued Income Taxes 0 9 9 Accrued Interest 544 1,109 1,089 Customer Deposits 4,424 0 0 Accrued Other 4,272 6,332 6,245 ------- ------- ------- Current 12,545 8,403 8,281 Secured Debt and interest 53,418 0 0 Other Liabilities 3,101 1,184 1,184 ------- ------- ------- Total Liabilities 69,064 9,587 9,465 Total Equity (23,243) 8,523 8,278 ------- ------- ------- Total $ 45,821 $ 18,110 $ 17,743 ========= ========= ========

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REUNION INDUSTRIES, INC. CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 4 page 1/2
SUMMARY OF UNPAID POST PETITION TAXES AND DEBTS
AS OF NOVEMBER 30, 2009
($ Amounts in 000's)

TAXES:

Beg Ending Liability Accrued Paid Liability --------- ------- ---- --------- NON-PAYROLL TAXES: Sales $ 0 $ 0 Excise $ 0 $ 0 Real Property $ 0 $ 0 Personal Property $ 0 $ 0

PAYROLL TAXES - See attached page 2
Payroll taxes in 2009 are being immediately paid to the Company's payroll service company who will pay and file the Company's payroll taxes.

DEBTS:

Days Past Due --------------------------- Current 0-30 31-60 61-90 Over 91 Total ------- ----- ----- ----- ------- ------- Payable-excl Professional $ 499 $ 287 $ 51 $ 0 $ 0 $ 837 Wages Payable 47 47 Taxes Payable 0 0 Rent-Building 0 0 Adequate Protect'n Paymts 0 0 Professional Fees 15 17 8 10 51 101 Amounts due Insiders 0 0 0 0 144 144 ----- ---- ---- ---- ---- ---- Total $ 561 $ 304 $ 59 $ 10 $ 195 $ 1,129 ====== ===== ===== ===== ==== ======

Explanations:
Wages represent hourly wages earned in the current month that were paid in the following month.
Professional fees are due Reid and Riege.
Amounts due insiders represent post petition interest on note and guaranty fees.

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REUNION INDUSTRIES, INC. CASE NO. 07-50727(AHWS) MONTHLY OPERATING REPORT - 4 page 2/2 FIT/FICA TAX PAYMENTS and FUTA 940 TAX PAYMENTS AND

ALL STATE AND LOCAL WITHHOOLDING TAX AND SUTA PAYMENTS
NOVEMBER 2009

DATE PAID HANNA HQ TOTAL ---- ----- ------ ---- 02 0 03 0 04 0 05 0 06 13,487 13,487 09 0 10 0 11 0 12 23,463 10,363 33,826 13 13,027 13,027 16 0 17 0 18 0 19 0 20 13,673 13,673 23 0 24 0 25 14,271 7,438 21,709 26 0 27 25,048 25,048 30 0 ------- ------ ------- TOTAL $102,969 $17,801 $120,770 ======= ====== =======

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REUNION INDUSTRIES, INC. CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 5
ACCOUNTS RECEIVABLE AND TAXES AGING
AS OF NOVEMBER 30, 2009
($ Amounts in 000's)

TRADE ACCOUNTS RECEIVABLE RECONCILIATION:

Trade Receivables - beg of month $ 2,341 Plus: Invoiced during the month 1,117 Less: Amounts collected (1,465) Less: Credits/Adjustments (23) ------- Trade Receivables - end of month $ 1,970 =======

ACCOUNTS RECEIVABLE AGINGS:

0-30 $ 1,064 31-60 817 61-90 43 91+ 46 ------ Total trade receivables 1,970 Non-trade receivables 0 Less: Reserve for bad debts (150) ------- Net Receivables - per balance sheet $ 1,820 ====== TAXES PAYABLE $ - ------------- ======

Payroll taxes in 2009 are being immediately paid to the Company's payroll service company who will pay and file the Company's payroll taxes.

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REUNION INDUSTRIES, INC. CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 6
PAYMENTS TO INSIDERS and PROFESSIONALS and
STATUS OF SECURED NOTES, LEASES AND ADEQUATE PROTECTION PAYMENTS
NOVEMBER 2009
Of the total disbursements shown on MOR-1, list the amount paid to insiders and to professionals. For payments to insiders, identify the type of compensation paid.

PAID THIS TOTAL TYPE OF PERIOD POST NAME PAYM'T AMOUNT PETITION ------------------------ ----------- --------- -------- INSIDERS: --------- Thomas N. Amonett Director fees $ 0 $ 19,500 Charles E. Bradley Director fees $ 9,833 $235,992 Thomas L. Cassidy Director fees $ 0 $ 19,500 Thomas Certo Director fees $ 1,500 $ 16,500 David E. Jackson Director fees $ 1,500 $ 36,000 Joseph C. Lawyer Director fees $ 4,625 $111,000 John G. Poole Director fees $ 5,000 $120,000 Kimball J. Bradley, CEO Salary $32,627 $783,048 John M. Froehlich, CFO Salary $ 9,128 $410,738 Thomas J. Vogel, VP Salary $ 0 $169,200 PROFESSIONALS: -------------- TOTAL DATE OF PAID THIS TOTAL INCURRED COURT AMOUNT PERIOD PAID TO AND ORDER APPROVED AMOUNT DATE UNPAID ------- -------- --------- ------- --------

Reid and Riege, PC 11/28/07 $ 846,323 $ 0 $ 846,323 $ 0

POST PETITION STATUS OF SECURED NOTES,LEASES AND ADEQUATE PROTECTION PAYMENTS:

MONTHLY PAID POST PAYM'TS DURING PETITION NAME OF CREDITOR DUE MONTH UNPAID ------------------------- -------- --------- --------- SECURED NOTES: U.S. Bank, as Trustee $ 0 $ 0 $ 0 LEASES ------ KWA Properties $ 70,198 $ 70,198 $ 0 US Bancorp $ 2,890 $ 2,890 $ 0

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REUNION INDUSTRIES, INC. CASE NO. 07-50727(AHWS)
MONTHLY OPERATING REPORT - 7
DEBTOR QUESTIONNAIRE
NOVEMBER 2009

Must be completed each month. If the answer to any of the questions is "Yes", provide a detailed explanation of each item. Attach additional sheets if necessary. YES NO --- --- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT THIS REPORTING PERIOD? X 3. IS THE DEBTOR DELINQUENT IN THE TIMELY FILING OF ANY POST-PETITION TAX RETURNS? X 4. ARE WORKERS' COMPENSATION, GENERAL LIABLIITY OR OTHER NECESSARY INSURANCE COVERAGES EXPIRED OR CANCELLED, OR HAS THE DEBTOR RECEIVED NOTICE OF EXPIRATION OR CANCELLATION OF SUCH POLICIES? X 5. IS THE DEBTOR DELINQUENT IN PAYING ANY INSURANCE PREMIUM? X 6. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X 7. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X 8. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X 9. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X 10.ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X 11.ARE ANY OTHER POSTPETITION TAXES PAST DUE? X 12.ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X 13.ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X 14.ARE ANY WAGE PAYMENTS PAST DUE? X 15.HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X 16.IS THE DEBTOR DELINQUENT IN PAYING ANY U.S. TRUSTEE FEES? X 17.IS THE DEBTOR DELINQUENT WITH ANY COURT ORDERED PAYMENTS TO ATTORNEYS OR OTHER PROFESSIONALS? X 18.HAVE THE OWNERS OF SHAREHOLDERS RECEIVED ANY COMPENSATION OUTSIDE OF THE NORMAL COURSE OF BUSINESS? X

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