-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Nw17TLIclhZ11An9QRTkSyaM+AfgN+IaR2UZLNlFUrXW/H33kbYLFAhEs873cYp9 6qGr54QJ5Z+pSgHa/SkiGw== 0000909518-97-000390.txt : 19970709 0000909518-97-000390.hdr.sgml : 19970709 ACCESSION NUMBER: 0000909518-97-000390 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970708 SROS: NONE GROUP MEMBERS: KALISHMAN JEROME GROUP MEMBERS: NANCY F. KALISHMAN GROUP MEMBERS: ROBERT W. AFFHOLDER GROUP MEMBERS: XANADU INVESTMENTS,L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INSITUFORM TECHNOLOGIES INC CENTRAL INDEX KEY: 0000353020 STANDARD INDUSTRIAL CLASSIFICATION: WATER, SEWER, PIPELINE, COMM AND POWER LINE CONSTRUCTION [1623] IRS NUMBER: 133032158 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-35120 FILM NUMBER: 97637183 BUSINESS ADDRESS: STREET 1: 1770 KIRBY PKWY STE 300 CITY: MEMPHIS STATE: TN ZIP: 38118 BUSINESS PHONE: 9017597473 MAIL ADDRESS: STREET 1: 1770 KIRBY PKWY SUITE 300 CITY: MEMPHIS STATE: TN ZIP: 38138 FORMER COMPANY: FORMER CONFORMED NAME: INSITUFORM OF NORTH AMERICA INC/TN/ DATE OF NAME CHANGE: 19930617 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KALISHMAN JEROME CENTRAL INDEX KEY: 0000946098 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 498220159 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 11445 CONWAY ROAD CITY: ST. LOUIS STATE: MO ZIP: 63131 BUSINESS PHONE: 3149940255 SC 13D/A 1 AMEND NO. 2 TO SCHEDULE 13D ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (AMENDMENT NO. 2) INSITUFORM TECHNOLOGIES, INC. - -------------------------------------------------------------------------------- (Name of Issuer) CLASS A COMMON STOCK, $.01 PAR VALUE 457667 10 3 - -------------------------------------------------------------------------------- (Title of class of securities) (CUSIP number) DENNIS J. BLOCK, ESQ. WEIL, GOTSHAL & MANGES LLP 767 FIFTH AVENUE NEW YORK, NEW YORK 10153 (212) 310-8000 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) JULY 3, 1997 - -------------------------------------------------------------------------------- (Date of event which requires filing of this statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [_]. Check the following box if a fee is being paid with the statement [_]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) Note: When filing this statement in paper format, six copies of this statement, including exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. (Continued on following page(s)) (Page 1 of 10 Pages) ================================================================================ NYFS10...:\85\55385\0003\139\SCH7077K.450 - ------------------------------- -------------------------------------- CUSIP No. 457667 10 3 13D Page 2 - ------------------------------- -------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: S.S. OR I.R.S. IDENTIFICATION NO. JEROME KALISHMAN OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: NOT APPLICABLE - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF UNITED STATES ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 82,415 SHARES -------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 3,015,433 OWNED BY -------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 82,415 REPORTING -------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 3,015,433 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 3,097,848 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 11.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- - ------------------------------- -------------------------------------- CUSIP No. 457667 10 3 13D Page 3 - ------------------------------- -------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: S.S. OR I.R.S. IDENTIFICATION NO. ROBERT W. AFFHOLDER OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: NOT APPLICABLE - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF UNITED STATES ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 1,307,858 SHARES -------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY -------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 1,307,858 REPORTING -------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 1,307,858 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- - ------------------------------- -------------------------------------- CUSIP No. 457667 10 3 13D Page 4 - ------------------------------- -------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: S.S. OR I.R.S. IDENTIFICATION NO. NANCY F. KALISHMAN OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: NOT APPLICABLE - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF UNITED STATES ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES -------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 3,015,433 OWNED BY -------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING -------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 3,015,433 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 3,015,433 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 11.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- - ------------------------------- -------------------------------------- CUSIP No. 457667 10 3 13D Page 5 - ------------------------------- -------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: S.S. OR I.R.S. IDENTIFICATION NO. XANADU INVESTMENTS, L.P. OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: NOT APPLICABLE - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF MISSOURI ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES -------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 2,869,274 OWNED BY -------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING -------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,869,274 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 2,869,274 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 10.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - -------------------------------------------------------------------------------- This is Amendment No. 2 to a Statement on Schedule 13D with respect to the class A common stock, $.01 par value (the "Common Stock"), of Insituform Technologies, Inc., a Delaware corporation (the "Company"), filed by a group currently comprised of Jerome Kalishman, Robert W. Affholder, Nancy F. Kalishman and Xanadu Investments, L.P. (collectively, the "Reporting Persons"). Capitalized terms used herein without definition shall have the meanings ascribed to them in the Schedule 13D, as amended. Item 4. Purpose of Transaction. On July 3, 1997, Kalishman and the Company jointly announced that they had reached an agreement in principle to settle the proxy contest of Kalishman and Affholder for the election of a slate of nominees to the Board of Directors of the Company at the 1997 Annual Meeting. The terms of the agreement in principle between the Company and Kalishman and Affholder are as follows: -- The size of the Company's Board of Directors would be reduced from 13 to 9. -- The current staggered terms of directors would be eliminated. -- There would be no contested election of directors prior to the 1999 annual meeting. Under the terms of the agreement in principle, the Company's Board would consist of seven current directors: Robert W. Affholder, Paul A. Biddleman, Anthony Hooper, Jerome Kalishman, Silas Spengler, Sheldon Weinig, Russell B. Wight, Jr.; plus two new independent directors: Stephen Cortinovis and another independent director to be named later. The agreement in principle is subject to the execution of a definitive agreement, the approval of the full Board of Directors of the Company, and approval by the Company's stockholders at the 1997 Annual Meeting scheduled for August 21, 1997. 6 SIGNATURE After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: July 7, 1997 /s/ Jerome Kalishman --------------------------------- Jerome Kalishman 7 SIGNATURE After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: July 7, 1997 /s/ Robert W. Affholder --------------------------------- Robert W. Affholder 8 SIGNATURE After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: July 7, 1997 /s/ Nancy F. Kalishman --------------------------------- Nancy F. Kalishman 9 SIGNATURE After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: July 7, 1997 Xanadu Investments, L.P. By: /s/ Jerome Kalishman --------------------------------- 10 -----END PRIVACY-ENHANCED MESSAGE-----