0000950154-01-500365.txt : 20011010
0000950154-01-500365.hdr.sgml : 20011010
ACCESSION NUMBER: 0000950154-01-500365
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011009
GROUP MEMBERS: CANINE PARTNERS, LLC
GROUP MEMBERS: DAVID W. WRIGHT
GROUP MEMBERS: HENRY INVESTMENT TRUST, LP
GROUP MEMBERS: HENRY PARTNERS, LP
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: KREISLER MANUFACTURING CORP
CENTRAL INDEX KEY: 0000056806
STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT ENGINES & ENGINE PARTS [3724]
IRS NUMBER: 221044792
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0630
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-31359
FILM NUMBER: 1754894
BUSINESS ADDRESS:
STREET 1: 5960 CENTRAL AVE STE H
CITY: ST PETERSBURG
STATE: FL
ZIP: 33707
BUSINESS PHONE: 8133471144
MAIL ADDRESS:
STREET 1: 5960 CENTRAL AVE
STREET 2: STE H
CITY: ST PETERSBURG
STATE: FL
ZIP: 33707
FORMER COMPANY:
FORMER CONFORMED NAME: KREISLER JACQUES MANUFACTURING CORP
DATE OF NAME CHANGE: 19690115
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: HENRY PARTNERS L P
CENTRAL INDEX KEY: 0001038390
STANDARD INDUSTRIAL CLASSIFICATION: []
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: 255 SOUTH 17TH STREET
STREET 2: SUITE 2501
CITY: PHILADELPHIA
STATE: PA
ZIP: 19103
BUSINESS PHONE: 2159854484
MAIL ADDRESS:
STREET 1: 255 SOUTH 17TH STREET
STREET 2: SUITE 2501
CITY: PHILADELPHIA
STATE: PA
ZIP: 19103
SC 13D/A
1
kreisler-13da_52413.txt
AMENDMENT TO SCHEDULE 13D
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.1)*
KREISLER MANUFACTURING CORPORATION
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.125 par value per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
500773106
--------------------------------------------------------------------------------
(CUSIP Number)
Frederick W. Dreher, Esquire
Duane, Morris & Heckscher LLP
4200 One Liberty Place
Philadelphia, Pennsylvania 19103-7396
(215) 979-1234
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 4, 2001
--------------------------------------------------------------------------------
(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(e), 13d-1(f) or 13d-1(g), check the following
box: [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the Schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. 500773106 Page 2 of 8 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)
Henry Partners, L.P. 23-2888396
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
--------
(b) X
--------
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
N/A
--------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 0 shares
BENEFICIALLY ----------------------------------------------------------
OWNED BY 8. SHARED VOTING POWER
EACH 67,300 shares
REPORTING ----------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH 0 shares
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
67,300 shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
67,300 shares
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.4%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON (See Instructions)
PN
--------------------------------------------------------------------------------
CUSIP No. 500773106 Page 3 of 8 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)
Henry Investment Trust, L.P. 23-2887157
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
--------
(b) X
--------
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
N/A
--------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Commonwealth of Pennsylvania
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 0 shares
BENEFICIALLY ----------------------------------------------------------
OWNED BY 8. SHARED VOTING POWER
EACH 67,300 shares
REPORTING ----------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH 0 shares
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
67,300 shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
67,300 shares
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.4%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON (See Instructions)
PN
--------------------------------------------------------------------------------
CUSIP No. 500773106 Page 4 of 8 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)
Canine Partners, LLC 25-1875422
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
--------
(b) X
--------
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
N/A
--------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Commonwealth of Pennsylvania
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 0 shares
BENEFICIALLY ----------------------------------------------------------
OWNED BY 8. SHARED VOTING POWER
EACH 67,300 shares
REPORTING ----------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH 0 shares
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
67,300 shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
67,300 shares
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.4%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON (See Instructions)
OO
--------------------------------------------------------------------------------
CUSIP No. 500773106 Page 5 of 8 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)
David W. Wright
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
--------
(b) X
--------
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
N/A
--------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 22,800 shares
BENEFICIALLY ----------------------------------------------------------
OWNED BY 8. SHARED VOTING POWER
EACH 67,300 shares
REPORTING ----------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH 22,800 shares
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
67,300 shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
90,100 shares
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.6%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON (See Instructions)
IN
--------------------------------------------------------------------------------
CUSIP No. 500773106 Page 6 of 8 Pages
Item 1. Security and Issuer.
------ -------------------
This statement (the "Statement"), filed by Henry Partners, L.P.
("Henry"), Henry Investment Trust, L.P. ("HIT"), Canine Partners, LLC ("Canine")
and David W. Wright ("Wright") (collectively, the "Reporting Persons"), relates
to the common stock, par value $.125 per share (the "Common Stock"), of Kreisler
Manufacturing Corporation (the "Issuer"). The principal executive offices of the
Issuer are located at 5960 Central Avenue, Suite H, St. Petersburg, Florida
33707.
Item 2. Identity and Background.
------ -----------------------
No change from Schedule 13D filed with the Securities and Exchange
Commission on November 27, 2000.
Item 3. Source and Amount of Funds or Other Consideration.
------ -------------------------------------------------
Not applicable.
Item 4. Purpose of Transaction.
------ ----------------------
The Reporting Persons are filing this Amendment No. 1 to their Schedule
13D ("Amendment No. 1") to report the purchase and sale of shares of Common
Stock of the Issuer. Effective October 4, 2001, the Reporting Persons ceased to
be the beneficial owners of more than 5% of the Common Stock of the Issuer.
Item 5. Interest in Securities of Issuer.
------ --------------------------------
(i) As of the date of this Statement, Henry beneficially owns 67,300
shares of Common Stock of the Issuer, which HIT, Canine and Wright may be deemed
to beneficially own; constituting 3.4% of the Common Stock. In addition, as of
the date of this Statement, Wright beneficially owns 22,800 shares of Common
Stock of the Issuer. As such, in the aggregate, Wright may be deemed to
beneficially own 90,100 shares of Common Stock of the Issuer; constituting 4.6%
of the Common Stock. These percentages are based on the belief of the Reporting
Persons that 1,966,047 shares of Common Stock of the Issuer were outstanding as
of June 30, 2001, as set forth in the Issuer's most recent Form 10-KSB for the
fiscal year ended June 30, 2001.
(ii) Henry, HIT and Canine have shared voting and dispositive power
with respect to 67,300 shares of the Issuer. Wright has sole voting and
dispositive power with respect to 22,800 shares of the Issuer and shared voting
and dispositive power with respect to such 67,300 shares of the Issuer, which
represent the number of shares that may be deemed to be beneficially owned by
Wright through his position as President of Canine.
CUSIP No. 500773106 Page 7 of 8 Pages
(iii) During the past 60 days, Henry engaged in the following
transactions in shares of the Issuer:
Number of Price Per
Date Shares Purchased (Sold) Share
---- ----------------------- ---------
9/21/01 2,000 $5.08
9/25/01 1,400 $5.04
10/02/01 (15,500) $7.0621
10/04/01 (31,600) $8.663
Each of the above transactions were effected in the open market through
the National Association of Securities Dealers, Inc. Automated Quotation System
(Nasdaq). The Reporting Persons beneficially own no shares of the Issuer except
as set forth herein.
(iv) On October 4, 2001, the Reporting Persons ceased to be the
beneficial owners of more than 5% of the Common Stock of the Issuer.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
------- ---------------------------------------------------------------------
to Securities of the Issuer.
---------------------------
No change from Schedule 13D filed with the Securities and Exchange
Commission on November 27, 2000.
Item 7. Materials to be Filed as Exhibits.
------ ---------------------------------
None. No joint filing agreement has been established, and this
Amendment No. 1 has been signed by each filing party.
CUSIP No. 500773106 Page 8 of 8 Pages
SIGNATURES:
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
HENRY PARTNERS, L.P. by its General Partner,
HENRY INVESTMENT TRUST, L.P., by its
General Partner, CANINE PARTNERS, LLC
Date: October 9, 2001 By: /s/ David W. Wright
------------------------------------------
David W. Wright, President
HENRY INVESTMENT TRUST, L.P., by its
General Partner, CANINE PARTNERS, LLC
Date: October 9, 2001 By: /s/ David W. Wright
-------------------------------------------
David W. Wright, President
CANINE PARTNERS, LLC
Date: October 9, 2001 By:/s/ David W. Wright
-------------------------------------------
David W. Wright, President
Date: October 9, 2001 /s/ David W. Wright
----------------------------------------------
DAVID W. WRIGHT