-----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, BQ7mKVrGpENHeqA0n3sctxaXrpYN1mf0GEmtzf5F7bzSvbH4MenhDYb1Q75J01rg ixYw3oag4OtglU6X3gIQfQ== 0000909518-99-000165.txt : 19990315 0000909518-99-000165.hdr.sgml : 19990315 ACCESSION NUMBER: 0000909518-99-000165 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 19990312 GROUP MEMBERS: AEROEQUITY, INC. GROUP MEMBERS: AEROGROUP I, LTD. CO, GROUP MEMBERS: BRIAN H. ROWE GROUP MEMBERS: CONESE CAPITAL, L.L.C. GROUP MEMBERS: CONESE FAMILY PARTNERSHIP (NEVADA), L.P. GROUP MEMBERS: CONESE GENERAL PARTNER (NEVADA), INC. GROUP MEMBERS: DAN KOMNENOVICH GROUP MEMBERS: EUGENE P. CONESE GROUP MEMBERS: KINCAID CAPITAL GROUP GROUP MEMBERS: NOLAN ACQUISITION GROUP, L.P. GROUP MEMBERS: NOLAN ACQUISITION PARTNERS GROUP MEMBERS: RICHARD JONES GROUP MEMBERS: THOMAS R. KINCAID SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AVIALL INC CENTRAL INDEX KEY: 0000701650 STANDARD INDUSTRIAL CLASSIFICATION: AIRPORTS, FLYING FIELDS & AIRPORT TERMINAL SERVICES [4581] IRS NUMBER: 650433083 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-43471 FILM NUMBER: 99564407 BUSINESS ADDRESS: STREET 1: 2055 DIPLOMAT DR CITY: DALLAS STATE: TX ZIP: 75234-8989 BUSINESS PHONE: 2149565000 MAIL ADDRESS: STREET 1: 2055 DIPLOMAT DR CITY: DALLAS STATE: TX ZIP: 75234-8989 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NOLAN ACQUISITION PARTNERS CENTRAL INDEX KEY: 0001073128 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 125 EAST JOHN CARPENTER FREEWAY STREET 2: SUITE 190 CITY: IRVING STATE: TX ZIP: 75062 MAIL ADDRESS: STREET 1: 125 EAST JOHN CARPENTER FREEWAY STREET 2: SUITE 190 CITY: IRVING STATE: TX ZIP: 75062 SC 13D/A 1 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 5) ---------- AVIALL, INC. (Name of Issuer) Common Stock, $.01 par value per share 05366B102 (Title of class of securities) (CUSIP number) David E. Zeltner, 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) March 11, 1999 (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 that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-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 ss. 240.13d-7 for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 22 pages) ================================================================================
- ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 2 of 22 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON NOLAN ACQUISITION PARTNERS S.S. OR I.R.S. IDENTIFICATION NO. 75-2787642 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: WC - ---------------------- ------------------------------------------------------------------------------------------------- ----- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------ ------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Texas - ---------------------- ------------------------------------------------------------------------ ------------------------------ 7 SOLE VOTING POWER: 1,452,900 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 1,452,900 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - ---------------------- ------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 3 of 22 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON NOLAN ACQUISITION GROUP, L.P. S.S. OR I.R.S. IDENTIFICATION NO. 75-2786370 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: WC - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware - ---------------------- ------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - ---------------------- ------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 4 of 22 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON KINCAID CAPITAL GROUP, a Texas corporation S.S. OR I.R.S. IDENTIFICATION NO. 75-2779494 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: WC - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Texas - ---------------------- ------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - ---------------------- ------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 5 of 22 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON THOMAS R. KINCAID S.S. OR I.R.S. IDENTIFICATION NO. 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: PF - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America - ---------------------- ------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ---------------------- ------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 6 of 22 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON DAN KOMNENOVICH S.S. OR I.R.S. IDENTIFICATION NO. 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: PF - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America - ---------------------- ------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ---------------------- ------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 7 of 22 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON RICHARD JONES S.S. OR I.R.S. IDENTIFICATION NO. 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: PF - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America - ---------------------- ------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ---------------------- ------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 8 of 22 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON CONESE CAPITAL, L.L.C. S.S. OR I.R.S. IDENTIFICATION NO. 58-2423275 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: WC - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware - ---------------------- ------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - ---------------------- ------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 9 of 22 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON CONESE FAMILY PARTNERSHIP (NEVADA), L.P. S.S. OR I.R.S. IDENTIFICATION NO. 88-0381099 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: WC - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Nevada - ---------------------- ------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - ---------------------- ------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 10 of 22 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON CONESE GENERAL PARTNER (NEVADA), INC. S.S. OR I.R.S. IDENTIFICATION NO. 88-0381098 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: WC - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Nevada - ---------------------- ------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - ---------------------- ------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 11 of 22 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON EUGENE P. CONESE S.S. OR I.R.S. IDENTIFICATION NO. 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: PF - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America - ---------------------- ------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ---------------------- ------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 12 of 22 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- -------------------------------------------------- ------------------------------------------------------ 1 NAME OF REPORTING PERSON AEROGROUP I, LTD. CO. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ---------------------- ------------------------------------------------------------------------------- ------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] (b) [X] - ---------------------- ------------------------------------------------------------------------------- ------------------------- 3 SEC USE ONLY - ---------------------- ------------------------------------------------- ------------------------------------------------------- 4 SOURCE OF FUNDS: AF - ---------------------- ------------------------------------------------------------------------------------------- ------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ----------------------------------------------------------- --------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Georgia - ---------------------- -- ------------------- ------------------------------------------- ------------------------------------- 7 SOLE VOTING POWER: 136,429 NUMBER OF SHARES ------------------- ------------------------------------------- ------------------------------------- 8 SHARED VOTING POWER: 0 BENEFICIALLY OWNED BY ------------------- ------------------------------------------- ------------------------------------- 9 SOLE DISPOSITIVE POWER: 136,429 EACH REPORTING ------------------- ------------------------------------------- ------------------------------------- 10 SHARED DISPOSITIVE POWER: 0 PERSON WITH ------------------- ------------------------------------------- ------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 136,429 - ---------------------- ------------------------------------------------------------------------------------ -------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------ -------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.8% - ---------------------- -------------------------------------------------- ------------------------------------------------------ 14 TYPE OF REPORTING PERSON: OO - ---------------------- -------------------------------------------------- ------------------------------------------------------ - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 13 of 22 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- -------------------------------------------------- ------------------------------------------------------ 1 NAME OF REPORTING PERSON AEROEQUITY, INC. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ---------------------- ------------------------------------------------------------------------------ -------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] (b) [X] - ---------------------- ------------------------------------------------------------------------------ -------------------------- 3 SEC USE ONLY - ---------------------- ------------------------------------------------- ------------------------------------------------------- 4 SOURCE OF FUNDS: AF - ---------------------- ------------------------------------------------------------------------------------------ -------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------ -------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Florida - ---------------------- ------------------------------------------------------------ -------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------ -------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 136,429 OWNED BY ------------------- ------------------------------------------ -------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------ -------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 136,429 ------------------- ------------------------------------------ -------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 136,429 - ---------------------- ----------------------------------------------------------------------------------- --------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ----------------------------------------------------------------------------------- --------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.8% - ---------------------- -------------------------------------------------- ------------------------------------------------------ 14 TYPE OF REPORTING PERSON: CO - ---------------------- -------------------------------------------------- ------------------------------------------------------ - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 14 of 22 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------- ----------------------------------------------- 1 NAME OF REPORTING PERSON BRIAN H. ROWE S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ---------------------- ------------------------------------------------------------------------------------ ------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] (b) [X] - ---------------------- ------------------------------------------------------------------------------------ ------------------ 3 SEC USE ONLY - ---------------------- ----------------------------------------------------------------- ------------------------------------- 4 SOURCE OF FUNDS: PF - ---------------------- ------------------------------------------------------------------------------------------------- ----- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ---------------------------------------------------------------------- -------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America - ---------------------- ---------------------------------------------------------------------- -------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ 8 SHARED VOTING POWER: 136,429 BENEFICIALLY OWNED BY ------------------- ------------------------------------------------ ------------------------------ 9 SOLE DISPOSITIVE POWER: 0 EACH REPORTING ------------------- ------------------------------------------------ ------------------------------ 10 SHARED DISPOSITIVE POWER: 136,429 PERSON WITH ------------------- ------------------------------------------------ ------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 136,429 - ---------------------- ------------------------------------------------------------------------------------------ ------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------ ------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.8% - ---------------------- ------------------------------------------------------- ----------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ---------------------- ------------------------------------------------------- -----------------------------------------------
This Amendment No. 5 ("Amendment No. 5") amends the Statement on Schedule 13D (the "Schedule 13D") filed on November 9, 1998, as amended by Amendment No. 1 filed on December 5, 1998, Amendment No. 2 filed on January 22, 1999, Amendment No. 3 filed on February 2, 1999 and Amendment No. 4 filed on March 2, 1999 by and on behalf of the following persons (collectively, the "Original Reporting Persons"): Nolan Acquisition Partners, a Texas general partnership ("NAP"), Nolan Acquisition Group, L.P., a Delaware limited partnership ("NAG"), Kincaid Capital Group, a Texas Corporation ("Kincaid Capital"), Thomas R. Kincaid ("Kincaid"), Richard Jones ("Jones"), Dan Komnenovich ("Komnenovich"), Conese Capital, L.L.C., a Delaware limited liability company ("CCL"), Conese Family Partnership (Nevada), L.P., a Nevada limited partnership ("CFP"), Conese General Partner (Nevada), Inc., a Nevada corporation ("CGN") and Eugene P. Conese ("Conese"). This Amendment No. 5 also adds AeroGroup I, Ltd. Co., a Georgia limited liability company ("AeroGroup"), AeroEquity, Inc. a Florida corporation ("AeroEquity") and Brian H. Rowe ("Rowe", and, collectively with AeroGroup and AeroEquity, the "Rowe Group") as reporting persons (the Rowe Group, together with the Original Reporting Persons, being referred to collectively as the "Reporting Persons"). Except as otherwise indicated, capitalized terms used herein and not defined herein have the meanings ascribed thereto in the Schedule 13D. As used herein, the "Company" or the "Issuer" shall mean Aviall, Inc. ITEM 2. IDENTITY AND BACKGROUND This Amendment No. 5 represents the joint filing of the Reporting Persons. A letter agreement dated March 11, 1999 between NAP and AeroEquity (the "NAP/AeroEquity Agreement"), which sets forth their agreement and understanding on certain matters, is described in Item 6 hereof, filed herewith as Exhibit 9 hereto and incorporated herein by reference. K. Rowe's business address is c/o AeroGroup, 7414 Hodgson Memorial Drive, Suite B, Savannah, Georgia 31406. Rowe has served as President and a Director of AeroGroup since March 1999, Chairman and President of AeroEquity since April 1998 and Chairman Emeritus of GE Aircraft Engines, a division of General Electric Company, since February 1995. Rowe was Chairman of the General Electric Aircraft Engines division of General Electric Company from September 1993 to February 1995. Rowe is a United States citizen. L. AeroEquity is Florida corporation. It is a private management and investment firm that invests primarily in the aviation industry. The principal place of business of AeroEquity is 7414 Hodgson Memorial Drive, Suite B, Savannah, Georgia 31406. The controlling shareholder, executive officers and directors of AeroEquity consist of Rowe, who is the controlling shareholder and serves as Chairman, President and as a director, and David H. Rowe, who serves as Managing Director and as a director. The principal occupation, business address and citizenship of Rowe is set forth in clause K above. The principal occupation of David H. Rowe is serving in such capacities with AeroEquity, his business address is c/o AeroEquity at the address set forth above and he is a United States citizen. 15 M. AeroGroup is a Georgia limited liability company formed for the purpose investing in securities. The principal place of business of AeroGroup is 7414 Hodgson Memorial Drive, Suite B, Savannah, Georgia 31406. The executive officers and directors of AeroGroup are Rowe, who serves as President and as a director, and David H. Rowe who serves as Vice President and a director. The sole member of AeroGroup is AeroEquity. Information concerning the controlling shareholder, executive officers and directors of AeroGroup is set forth under clause L above. None of the persons listed in clauses K, L or M above in the last five years (i) has been convicted in a criminal proceeding or (ii) was party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Except as indicated above, the information set forth in Item 2 of the Schedule 13D remains unchanged. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION The amount of funds used to make the purchases of shares of Common Stock of the Issuer owned by AeroGroup was $1,585,856. These shares were purchased by AeroEquity (122,929 shares for a purchase price of $1,382,951) and by Rowe (13,500 shares for a purchase price of $202,905). The shares purchased by AeroEquity were contributed by AeroEquity to AeroGroup and the shares purchased by Rowe were contributed by Rowe to AeroEquity and, in turn, contributed by AeroEquity to AeroGroup. AeroEquity used its working capital to purchase such shares and Rowe used his personal funds to purchase such shares. Except as indicated above, the information set forth in Item 3 of the Schedule 13D remains unchanged. ITEM 4. PURPOSE OF TRANSACTION. By letter dated March 12, 1999 and delivered to the Company on such date (the "March 12 Letter"), NAP and AeroGroup provided notice to the Secretary of the Company, pursuant to Article II, Section 2.7 of the by-laws of the Company (the "By-laws"), of their intention to nominate Brian H. Rowe and Eugene P. Conese, Jr. (collectively, the "Nominees") for election to the Board of Directors of the Company at the 1999 Annual Meeting of Stockholders of the Company (the "1999 Annual Meeting") and provided certain additional information required by the By-laws. A copy of the March 12 Letter is filed as Exhibit 10 hereto and incorporated by reference herein. As previously reported in the Schedule 13D, pursuant to the March 1 Letter, NAP has made the Nolan Group Proposal pursuant to which, subject to the terms and conditions thereof, the Company would be merged with a corporation to be formed by the Original Reporting Persons and all of the Company's 16 stockholders (other than the Original Reporting Persons) would receive $15.50 per share in cash in exchange for their Common Stock. In view of the fact that the Company's Board of Directors has not announced or otherwise informed the Reporting Persons that it has determined to accept the Nolan Group Proposal or to sell the Company to any third party offering greater value to stockholders, NAP and AeroGroup determined to nominate the Nominees for election as directors at the 1999 Annual Meeting, and the Reporting Persons presently intend to solicit proxies in favor of the Nominees. The Nominees currently intend, if elected as directors, to attempt to cause the Company's Board of Directors to seek a sale of the Company at the highest possible price (whether pursuant to the Nolan Group Proposal or pursuant to any other proposal that would provide greater value to stockholders, whether made by any of the Reporting Persons or by any third party). In addition, the Reporting Persons reserve the right to initiate a tender offer for the Common Stock at a price that may differ from the price per share offered in the Nolan Group Proposal. The reporting Persons may also acquire additional shares of Common Stock (subject to availability of shares at prices deemed favorable) in the open market or in privately negotiated transactions, and may contact the Issuer, its representatives, other persons interested in the Issuer or persons interested in financing the Nolan Group Proposal. Alternatively, while it is not the Reporting Persons' present intention to do so, the Reporting Persons reserve the right to dispose of some or all of their shares of Common Stock in the open market or in privately negotiated transactions to third parties, or otherwise, depending upon the course of action that the Issuer pursues, market conditions and other factors. Although the foregoing represents the range of activities presently contemplated by the Reporting Persons with respect to the Common Stock, it should be noted that the possible activities of the Reporting Persons are subject to change at any time. Except as set forth above, as of the date of this statement none of the Reporting Persons has any plans or proposals which relate to or would result in any of the actions set forth in parts (a) through (j) of Item 4. ITEM 5. INTEREST IN SECURITIES OF ISSUER. (a) As of the date of this Statement, the Reporting Persons beneficially owned an aggregate of 1,589,329 shares of Common Stock, constituting approximately 8.8% of the issued and outstanding shares of Common Stock of the Issuer (the percentage of shares owned being based upon 18,171,483 shares outstanding on November 5, 1998, as set forth in the Company's quarterly report on Form 10-Q for the fiscal quarter ended September 30, 1998). NAP may be deemed to have direct beneficial ownership of 1,452,900 shares of Common Stock. As more fully described in item (b) below, each of the Original Reporting Persons may be 17 deemed to be a beneficial owner of such shares of Common Stock beneficially owned directly by NAP. AeroGroup may be deemed to have direct beneficial ownership of 136,429 shares of Common Stock. As more fully described in item (b) below, each of AeroEquity and Rowe may be deemed to be a beneficial owner of such shares of Common Stock beneficially owned directly by AeroGroup. The Original Reporting Persons disclaim beneficial ownership of the shares of Common Stock that may be deemed to be beneficially owned by the Rowe Group, and the Rowe Group disclaims beneficial ownership of the shares of Common Stock that may be deemed to be beneficially owned by the Original Reporting Persons. The Original Reporting Persons and the Rowe Group may be deemed a "group" for purposes of Schedule 13D as a result of the NAP/Rowe Agreement. (b) NAG, as the Managing General Partner of NAP, may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Exchange Act ("Rule 13d-3")), shares of Common Stock of which NAP may be deemed to possess direct beneficial ownership. Kincaid Capital, as General Partner of NAG, may be deemed to own beneficially shares of Common Stock which NAG may be deemed to beneficially own. Each of Kincaid, Jones and Komnenovich, as officers, directors and stockholders, of Kincaid Capital, may be deemed to beneficially own shares of Common Stock which Kincaid Capital may be deemed to beneficially own. Each of Messrs. Kincaid, Jones and Komnenovich disclaims beneficial ownership of such shares of Common Stock for all other purposes. CCL, as General Partner of NAP, may be deemed to own beneficially (as that term is defined in Rule 13d-3) shares of Common Stock which NAP may be deemed to possess direct beneficial ownership. CFP, the sole member of CCL, may be deemed to own beneficially shares of Common Stock which CCL may be deemed to beneficially own. CGN, as the General Partner of CFP, may be deemed to own beneficially shares of Common Stock which CFP may be deemed to beneficially own. Conese, as the sole stockholder of CGN, may be deemed to beneficially own shares of Common Stock which CGN may be deemed to beneficially own. Mr. Conese disclaims beneficial ownership of such shares of Common Stock for all other purposes. AeroEquity, as the sole member of AeroGroup, may be deemed to beneficially own (as that term is defined in Rule 13d-3) shares of Common Stock of which AeroGroup may be deemed to possess direct beneficial ownership. Rowe, as controlling shareholder, a director and President of AeroEquity, may be deemed to beneficially own shares of Common Stock beneficially owned by AeroEquity. (c) Information concerning transactions in shares of Common Stock not previously reported in the Schedule 13D by the Reporting Persons during the past sixty days or since the filing of Amendment No. 4, whichever is less, is set forth on Exhibit 11 attached hereto, which is incorporated herein by reference. (d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock. (e) Not applicable. 18 ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. On March 11, 1999, NAP and AeroEquity entered into the NAP/AeroEquity Agreement, pursuant to which each party agreed, among other things, to: (i) consult with the other prior to, and to notify one another promptly after, either purchasing or voting shares of Common Stock; (ii) make filings on Schedule l3D, either jointly with the other or separately, as may be required by law; (iii) share and reimburse certain expenses relating to their investment in Common Stock and efforts to maximize the value of such investment and (iv) certain rights between the parties in the event of an acquisition by either party or their respective affiliates, of the Issuer, its operations or all or substantially all of the Common Stock not now owned by the Reporting Persons. A copy of the NAP/AeroEquity Agreement is filed as Exhibit 9 hereto and incorporated herein by reference. Except as described above or as previously disclosed in the Schedule 13D, the Reporting Persons have no contracts, arrangements, understandings or relationships with respect to the securities of the Issuer. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 9: NAP/AeroEquity Agreement, dated March 11, 1999, between NAP and AeroEquity. Exhibit 10: Letter, dated March 12, 1999, from NAP and AeroEquity to the Company. Exhibit 11: Information concerning transactions in shares of Common Stock not previously reported in the Schedule 13D by the Reporting Persons during the past sixty days or since the filing of Amendment No. 4 to the Schedule 13D, whichever is less. Exhibit 12: Joint Filing Agreement, dated March 12, 1999, by and among the Reporting Persons. 19 SIGNATURE The undersigned, after reasonable inquiry and to the best of their knowledge and belief, certify that the information set forth in this Statement is true, complete and correct. Dated: March 12, 1999 NOLAN ACQUISITION PARTNERS By: Nolan Acquisition Group, L.P., its Managing General Partner By: Kincaid Capital Group, a Texas corporation, its General Partner By: /s/ Richard Jones --------------------------------------- Print Name: Richard Jones Title: Senior Vice President NOLAN ACQUISITION GROUP, L.P. By: Kincaid Capital Group, a Texas corporation, its General Partner By: /s/ Richard Jones ------------------------------------------- Print Name: Richard Jones Title: Senior Vice President KINCAID CAPITAL GROUP, a Texas corporation By: /s/ Richard Jones ----------------------------------------------- Print Name: Richard Jones Title: Senior Vice President /s/ Thomas R. Kincaid ----------------------------------------------- Thomas R. Kincaid /s/ Richard Jones ----------------------------------------------- Richard Jones /s/ Dan Komnenovich ----------------------------------------------- Dan Komnenovich 20 CONESE CAPITAL, L.L.C. By: Conese Family Partnership (Nevada), L.P., its sole member By: Conese General Partner (Nevada), Inc., its General Partner By: /s/ Eugene P. Conese, Jr. -------------------------------------- Print Name: Eugene P. Conese, Jr. Title: Vice President CONESE FAMILY PARTNERSHIP (NEVADA), L.P. By: Conese General Partner (Nevada), Inc., its General Partner By: /s/ Eugene P. Conese, Jr. ------------------------------------------- Print Name: Eugene P. Conese, Jr. Title: Vice President CONESE GENERAL PARTNER (NEVADA), INC. By: /s/ Eugene P. Conese, Jr. ----------------------------------------------- Print Name: Eugene P. Conese, Jr. Title: Vice President /s/ Eugene P. Conese ----------------------------------------------- Eugene P. Conese AEROEQUITY, INC. By: /s/ Brian H. Rowe ----------------------------------------------- Print Name: Brian H. Rowe Title: Chairman and President 21 AEROGROUP I, LTD. CO. By: AeroEquity, Inc., its sole member By: /s/ Brian H. Rowe ------------------------------------------- Print Name: Brian H. Rowe Title: Chairman and President /s/ Brian H. Rowe ------------------------------------------- Brian H. Rowe 22 EXHIBIT INDEX Exhibit 9: NAP/AeroEquity Agreement, dated March 11, 1999, between NAP and AeroEquity. Exhibit 10: Letter, dated March 12, 1999, from NAP and AeroEquity to the Company. Exhibit 11: Information concerning transactions in shares of Common Stock not previously reported in the Schedule 13D by the Reporting Persons during the past sixty days or since the filing of Amendment No. 4, whichever is less. Exhibit 12: Joint Filing Agreement, dated March 12, 1999, among the Reporting Persons. EX-9 2 EXHIBIT 9 NOLAN ACQUISITION PARTNERS 125 E. JOHN CARPENTER FREEWAY IRVING, TEXAS 75062 March 11, 1999 AeroEquity, Inc. c/o Brian H. Rowe Suite B 7414 Hodgson Memorial Drive Savannah, GA 31411 Dear Brian: As we discussed, each of Nolan Acquisition Partners ("Nolan") and AeroEquity, Inc., or its assigns ("AeroEquity"), are stockholders of Aviall, Inc. ("Aviall") and, consequently, we share an interest in maximizing the value of Aviall's common stock. To this end, we hereby mutually agree as follows: 1. Each of us shall consult with the other prior to any purchase or sale of any shares of Aviall's common stock ("Shares"), and will promptly notify the other of any such purchase or sale, including the number of shares purchased or sold, the purchase or sales price, the date of the transaction and the manner in which the transaction was effected. 2. Each of us shall consult with the other prior to voting our respective Shares on any matter subject to a stockholder vote and shall notify the other regarding how any Shares have been voted. 3. AeroEquity, Inc. acknowledges that Nolan and certain other persons have filed a Statement on Schedule 13D and amendments thereto with the Securities and Exchange Commission ("SEC") with respect to their beneficial ownership of Shares and that, as a result of the agreements set forth herein, AeroEquity, Inc. may be deemed to be a member of a group with Nolan and such other persons for purposes thereof. Consequently, AeroEquity agrees to file separately or join with Nolan and such other persons in filing any Statement on Schedule 13D or amendment thereto as may be required by law (each, a "Schedule 13D Filing"). Accordingly, each of us agrees to provide to the other (and, in the case of Nolan, cause the other persons with whom it has filed a Schedule 13D to provide to you) all information necessary to effect any Schedule 13D Filing. We further agree to consult with each other prior to adopting any plans or proposals which relate to or would result in any of the actions required to be set forth in parts (a) through (j) of Item 4 of Schedule 13D. 4. Effective from and after the date hereof and unless and until this agreement is terminated by either of us (hereinafter, the "Term"), we each agree NY2:\320536\03\6vbs03!.DOC\65575.0003 to pay our "Proportionate Share" (as defined below), calculated as of the date of incurrence of any such Expense, of any expenses reasonably incurred by either of us in connection with our investment in Shares and efforts made to maximize the value thereof (collectively, "Expenses"), including, without limitation: (i) legal expenses incurred in connection with Schedule 13D filings and any other filings with the SEC, legal and other expenses incurred in connection with communications with the Company, stockholders or other persons interested in Aviall (such as printing, mailing, telephone, travel and related costs), fees or expenses of accountants, consultants or other third parties ("Third Party Expenses"); (ii) Indemnifiable Expenses; (iii) Contribution Expenses and (iv) Financing Expenses (as such capitalized terms are hereinafter defined); provided, however, that no party hereto shall be obligated to pay its Proportionate Share of any Third Party Expense or Financing Expense unless prior to incurrence of any such Expense the nature of, and reasons for, incurrence of such Expense shall have been discussed among the parties hereto and approved by the party to be so obligated ("Pre-Approved"). Each of us will promptly upon request reimburse the other party for its "Proportionate Share" of any Expenses paid or advanced by such other party. Unless otherwise agreed, we shall account to each other for Expenses paid or advanced during any month prior to the conclusion of the immediately following month. For purposes hereof, the following terms shall have the following meanings: "Proportionate Share" of either party hereto, as of any date, shall mean a fraction, the numerator of which is equal to the highest number of Shares beneficially owned by such party on such date and the denominator of which is the aggregate of the highest number of such Shares beneficially owned by both parties on such date. "Indemnifiable Expenses" shall mean all expense, liability and loss (including attorneys' fees, judgments, fines and amounts paid or to be paid in any settlement approved in advance by the other, such approval not to be unreasonably withheld) actually incurred or suffered by either of us in connection with any present or future threatened, pending or contemplated investigation, claim, action, suit or proceeding, whether civil, criminal, administrative or investigative (collectively, "Indemnifiable Litigation"), to which either of us is made a party or is threatened to be made a party by reason of any action or inaction taken or omitted in connection with the ownership of Aviall's common stock, including any efforts to maximize the value thereof. Notwithstanding anything to the contrary contained herein, a party hereto shall not have any obligation to indemnify or hold harmless the other for any Indemnifiable Expense arising out of such other party's fraud, willful misconduct or gross negligence. For purposes of paragraphs 4 and 6 "willful misconduct" shall include, but not be limited to, (i) an intentionally untrue statement of a material fact, or (ii) an intentional omission to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading, in each case, as such material facts are required to be disclosed under applicable state or federal securities laws. "Financing Expenses" shall mean any fees or expenses payable to banks, investment banking firms or other financing services for raising debt or equity capital in connection with any acquisition or proposed acquisition of Aviall in which either of us would hold an ongoing equity interest in Aviall, its successor or assets, including, without limitation, engagement, commitment and 2 financing fees and the reimbursement of any costs or expenses of any third party financing source. 5. As a condition precedent to the right of either party hereto to be paid a portion of any Indemnifiable or Contribution Expenses by the other party, such party shall give the other party hereto notice in writing as soon as practicable of any claim made against it for which indemnification will or could be sought under this agreement. No failure to give such notice shall relieve any party hereto from any obligation to pay Indemnifiable or Contribution Expenses hereunder, except to the extent such failure shall materially and adversely affect and prejudice the other party hereto. 6. The parties shall jointly cooperate in the defense of any Indemnifiable Litigation. In the event that the payment of Indemnifiable Expenses as provided in this agreement is unavailable to or insufficient to hold harmless either of us otherwise entitled thereto, for any reason, each of us agrees to contribute to the aggregate expense, liability and loss (including legal or other expenses reasonably incurred in connection with investigating or defending the same) to which the other may be subject in proportion to each of our respective Proportionate Shares ("Contribution Expense"). Each of us agrees that it would not be just and equitable if contribution were determined by any other method of allocation. Notwithstanding anything to the contrary contained herein, a party shall not be entitled to contribution for any Contribution Expense from the other for any liability or expenses arising out of such party's fraud, willful misconduct or gross negligence. 7. In the event that either party or any of their respective affiliates, directly or indirectly, acquires Aviall, all or a portion of its business and operations or all or substantially all of the issued and outstanding Shares not owned by us as of the date hereof (a "Change of Control"), each of us (vis-a-vis the other) shall have the right to participate in such transaction at the same price and other terms and conditions of investment as the other party. 8. Either party may terminate this agreement at any time by delivering a written notice of termination to the other party. Notwithstanding any such termination, (i) the provisions of paragraph 7 will survive the termination of this agreement upon a Change of Control prior to the date of such termination, and (ii) the provisions of paragraphs 4, 5 and 6 will survive termination of this agreement as to any claims arising from facts that shall have occurred on or prior to the date of such termination. Upon a termination of this agreement by either party, the parties, except as provided under this paragraph 8, shall have no further obligation to the other. 9. This agreement is the only agreement between the parties hereto with respect to the subject matter hereof. Nothing in this agreement shall be construed or be deemed to create a partnership, joint venture or similar relationship among the parties hereto and the only obligations of the parties to one another hereunder shall be as expressly set forth herein. 10. This agreement may be signed in counterparts, each of which shall be deemed to be an original instrument, and shall together constitute one and the same agreement. 3 If the foregoing accurately sets forth our mutual agreement (which shall be governed by the laws of the State of New York without regard to the principles thereof regarding the conflict or choice of laws), please so indicate by signing a copy of this agreement where indicated below and returning it to the undersigned. Very truly yours, NOLAN ACQUISITION PARTNERS By: Nolan Acquisition Group, L.P., its Managing General Partner By: Kincaid Capital Group, a Texas corporation, its General Partner By: /s/ Thomas R. Kincaid ------------------------------------ Name: Thomas R. Kincaid Title: President Accepted and Agreed: AEROEQUITY, INC. By: /s/ Brian Rowe ------------------------------ Name: Brian Rowe Title: President 4 EX-10 3 EXHIBIT 10 NOLAN ACQUISITION PARTNERS AEROGROUP I, LTD. CO. 125 E. JOHN CARPENTER FREEWAY 7414 Hodgson Memorial Drive SUITE 190 L.B.9 Suite B IRVING, TEXAS 75062 Savannah, Georgia 31406 (972) 501-0007 (912) 354-3181 (972) 501-0477 FAX (912) 354-3183 fax March 12, 1999 BY HAND AND TELECOPY - -------------------- Aviall, Inc. 2075 Diplomat Drive Dallas, Texas 75234-8999 Attention: Secretary Gentlemen: We are writing on behalf of Nolan Acquisition Partners, a Texas general partnership ("Nolan") and AeroGroup I, Ltd. Co., a Georgia limited liability company ("AeroGroup"), each a stockholder of record of Aviall, Inc. (the "Company"). Nolan and AeroGroup hereby notify the Company, in accordance with Article II, Section 2.7, of the Company's by-laws (the "by-laws"), that they are nominating Mr. Eugene P. Conese, Jr. and Mr. Brian H. Rowe for election to the Company's Board of Directors (the "Board") at the Company's 1999 annual meeting of stockholders (the "1999 Annual Meeting"). Such nominations are being made on behalf of Nolan, AeroGroup, and the following additional beneficial owners of the Company's common stock (collectively, the "Proponents"): Nolan Acquisition Group, L.P., a Delaware limited partnership and the managing general partner of Nolan ("Nolan Acquisition"), Kincaid Capital Group, a Texas corporation and the general partner of Nolan Acquisition, Dan Komnenovich, Richard Jones, Thomas R. Kincaid, Conese Capital, LLC, a Delaware limited liability company and a general partner of Nolan ("Conese Capital"), Conese Family Partnership (Nevada), L.P. a Nevada limited partnership and the sole member of Conese Capital ("Conese F.P."), Conese General Partner (Nevada), Inc., a Nevada corporation and the general partner of Conese F.P., Eugene P. Conese, Sr., AeroEquity, Inc., a Florida corporation and the sole member of AeroGroup, Brian H. Rowe and David H. Rowe. The information required to be set forth with respect to Mr. Conese, Jr.'s and Mr. Rowe's nominations pursuant to Article II, Section 2.7 (A)(2)(a) of the by-laws is set forth on Exhibit A hereto. NYFS09...:\75\65575\0003\2119\LTR3089L.12E Aviall, Inc. March 12, 1999 Page 2 The information required to be set forth with respect to the Proponents pursuant to Article II, Section 2.7 (A)(2)(c) of the by-laws is set forth on Exhibit B hereto. We believe that we have provided all of the information required to comply with the notice requirement of Article II, Section 2.7 of the Company's by-laws. If any further information should be required in this regard, we request that you notify us as promptly as possible. Very truly yours, NOLAN ACQUISITION PARTNERS By: Nolan Acquisition Group, L.P., its Managing General Partner By: Kincaid Capital Group, a Texas corporation, its General Partner By: /s/ Thomas R. Kincaid ----------------------------------- Name: Thomas R. Kincaid Title: President [Remainder of Page is Blank.] Aviall, Inc. March 12, 1999 Page 3 AEROGROUP I, LTD. CO. By: AeroEquity, Inc., a Florida corporation, its sole Member By: /s/ David H. Rowe ------------------------------------ Name: David H. Rowe Title: Managing Director cc: Aviall, Inc. Board of Directors EXHIBIT A INFORMATION REGARDING THE DIRECTOR NOMINEES, MR. EUGENE P. CONESE, JR. AND MR. BRIAN H. ROWE EUGENE P. CONESE, JR., Age 39 c/o New Canaan Corporation 75 Arrowhead Trail New Canaan, Connecticut 06840 Business Experience ------------------- Vice President, October 1998 - present Conese General Partner (Nevada), Inc. (a corporation formed to be the general partner of Conese Family Partnership) 101 Bank of America Center Suite 850 Las Vegas, Nevada 89109 President and Chief Executive Officer, January 1998 - present New Canaan Corporation (a private investment and holding company) 75 Arrowhead Trail New Canaan, Connecticut 06840 President and Chief Operating Officer; Member of Board of Directors, November 1990 - September 1997 Greenwich Air Services, Inc. (an aviation service company providing repair, refurbishment, overhaul and maintenance services for gas turbine engines) 4590 N.W. 36th Street Post Office Box 522187 Miami, Florida 33152 Vice President Strategic Planning, March 1989 - November 1990 Greenwich Air Services, Inc. Corporate Directorships of Public Companies ------------------------------------------- None. 4 BRIAN H. ROWE, AGE 67 c/o AeroEquity, Inc. 7414 Hodgson Memorial Drive Suite B Savannah, Georgia 31406 Business Experience ------------------- President and Director, March 1999 - present AeroGroup I, Ltd. Co. (a private investment company) 7414 Hodgson Memorial Drive Suite B Savannah, Georgia 31406 Chairman and President, April 1998 - present AeroEquity, Inc. (a private management and investment company) 7414 Hodgson Memorial Drive Suite B Savannah, Georgia 31406 Chairman Emeritus, February 1995 - present GE Aircraft Engines, a Division of General Electric Company (a manufacturer of aircraft engines) One Neumann Way Cincinnati, Ohio 45215 Chairman, September 1993 - February 1995 GE Aircraft Engines President and Chief Executive Officer, 1979 - 1993 GE Aircraft Engines Senior Vice President, 1979 - 1993 General Electric Company 5 Corporate Directorships of Public Companies ------------------------------------------- Fifth Third Bancorp, Cincinnati, Ohio, Nasdaq (a commercial bank); Convergys Corporation, Cincinnati, Ohio, New York Stock Exchange ("NYSE") (a management services company); Stewart & Stevenson Services, Inc., Houston, Texas, NYSE (a gas and oil services company); Atlas Air, Inc., Golden, Colorado, NYSE (an air cargo carrier); BE Aerospace, Inc., Wellington, Florida, Nasdaq (an aircraft component manufacturing and services company); Textron Inc., Providence, Rhode Island, NYSE (a multi-industry holding company); Dynatech Corporation, Burlington, Massachusetts, OTC Bulletin Board (a provider of aviation and other visual communications devices, specialized computer systems and communications text instruments) ADDITIONAL INFORMATION As more fully described in the Schedule 13D/A filed by Nolan, the Kincaid Group and the Conese Group (each as defined in Exhibit B and, collectively, the "Merger Proponents") on March 2, 1999, a copy of which is attached hereto, such persons proposed a cash merger transaction of the Company with a corporation to be formed for that purpose in which all the Company's shareholders (other than the Merger Proponents) would receive $15.50 per share in cash in exchange for their Common Stock. Such proposal is subject to the Merger Proponents being afforded the opportunity to, and being satisfied with the results of, a diligence review of the Company, its properties and businesses. For a detailed description of the nominees' direct and indirect interest in the Merger Proponents, see Exhibit B hereto. There are no material proceedings to which either Mr. Conese, Jr. or Mr. Rowe is a party adverse to the Company or any of its subsidiaries or has a material interest adverse to the Company or any of its subsidiaries. 6 Mr. Conese, Jr. is a Vice President and Director of Conese G.P. Mr. Brian H. Rowe is the President and a Director of AeroEquity, Inc. On March 11, 1999 Nolan and AeroEquity entered into an agreement, a copy of which is attached hereto, setting forth certain arrangements in connection with their actions with respect to the Company. 7 EXHIBIT B INFORMATION WITH RESPECT TO NOLAN ACQUISITION PARTNERS, NOLAN ACQUISITION GROUP, L.P., KINCAID CAPITAL GROUP, DAN KOMNENOVICH, RICHARD JONES, THOMAS R. KINCAID, CONESE CAPITAL, LLC, CONESE FAMILY PARTNERSHIP, CONESE GENERAL PARTNERSHIP, EUGENE P. CONESE, SR., AEROGROUP I, LTD. CO., AEROEQUITY, INC., DAVID H. ROWE AND BRIAN H. ROWE Information is being given herein for Nolan Acquisition Partners, a Texas general partnership ("Nolan"), Nolan Acquisition Group, L.P., a Delaware limited partnership and the managing general partner of Nolan ("Nolan Acquisition"), Kincaid Capital Group, a Texas corporation and the general partner of Nolan Acquisition ("Kincaid Capital"), Dan Komnenovich, Richard Jones, Thomas R. Kincaid (Nolan Acquisition, Kincaid Capital and Messrs. Komnenovich, Jones and Kincaid are collectively referred to herein as the "Kincaid Group"), Conese Capital, LLC, a Delaware limited liability company and a general partner of Nolan ("Conese Capital"), Conese Family Partnership (Nevada), L.P. a Nevada limited partnership and the sole member of Conese Capital ("Conese F.P."), Conese General Partner (Nevada), Inc., a Nevada corporation and the general partner of Conese F.P. ("Conese G.P."), Eugene P. Conese, Sr. (Conese Capital, Conese F.P., Conese G.P. and Mr. Conese collectively are referred to herein as the "Conese Group"), AeroGroup I, Ltd. Co., a Georgia limited liability company ("AeroGroup"), AeroEquity, Inc., a Florida corporation and sole member of AeroGroup, David H. Rowe and Brian H. Rowe, a nominee for the Board of Directors of the Company (David H. Rowe, Brian H. Rowe, AeroEquity and AeroGroup are collectively referred to herein as the "Rowe Group" and, the Kincaid Group, the Conese Group and the Rowe Group collectively are referred to herein as the "Nolan Group"). BENEFICIAL OWNERSHIP OF COMMON STOCK The information with respect to the Nolan Group sets forth as of March 12, 1999, based on information provided by the members thereof, the number of shares of Common Stock, par value $.01 per share ("Common Stock"), of the Company, beneficially owned by each member of the Nolan Group (the percentage of shares owned being based upon 18,171,483 shares outstanding on November 5, 1998, as set forth in the Company's quarterly report on Form 10-Q for the fiscal quarter ended September 30, 1998). 8 Amount and Nature of Name and Address of Member1 Beneficial Ownership Percent of Class - -------------------------- -------------------- ---------------- Nolan Acquisition Partners 1,452,900(2) 8.0% Nolan Acquisition Group, L.P. 1,452,900(2) 8.0% Kincaid Capital Group 1,452,900(2) 8.0% Thomas R. Kincaid 1,452,900(2) 8.0% Dan Komnenovich 1,452,900(2) 8.0% Richard Jones 1,452,900(2) 8.0% Conese Capital, L.L.C. 1,452,900(2) 8.0% Conese Family Partnership (Nevada), L.P. 1,452,900(2) 8.0% Conese General Partner (Nevada), Inc. 1,452,900(2) 8.0% Eugene P. Conese, Sr. 1,452,900(2) 8.0% 55 Alhambra Plaza Suite 600 Coral Gables, FL 33134 AeroGroup I, Ltd. Co. 136,429(3) * 7414 Hodgson Memorial Drive Suite B Savannah, GA 31406 AeroEquity, Inc. 136,429(3) * 7414 Hodgson Memorial Drive Suite B Savannah, GE 31406 Brian H. Rowe 136,429(3) * 7414 Hodgson Memorial Drive Suite B Savannah, GA 31406 David H. Rowe 136,429(3) * 7414 Hodgson Memorial Drive Suite B Savannah, GA 31406 - ----------------- * Less than one percent (1%). 1. Except as otherwise indicated, the address of the Beneficial Owners is c/o Nolan Acquisition Partners, 125 E. John Carpenter Freeway, Suite 190, L.B. 9, Irving Texas 75062. 2. Nolan Acquisition, as managing general partner of Nolan, may be deemed, pursuant to Rule 13d-3, promulgated under the Securities Exchange Act of 1934, as amended ("Rule 13d-3"), to beneficially own the shares that Nolan owns directly. Kincaid Capital, as general partner of Nolan Acquisition, may be deemed to beneficially own the shares beneficially owned by Nolan Acquisition. Messrs. Kincaid, Jones, and Komnenovich, as officers, directors and stockholders of Kincaid Capital, may be deemed to beneficially own the shares beneficially owned by Kincaid Capital. Each of Messrs. Kincaid, Jones and Komnenovich disclaims beneficial ownership of such shares for all other purposes. Conese Capital, as general partner of Nolan, may be deemed, pursuant to Rule 13d-3, to beneficially own the shares that Nolan owns. Conese F.P., as sole member of Conese Capital, may be deemed to beneficially own the shares owned by Conese Capital. Conese G.P., as the general partner of Conese F.P., may be deemed to beneficially own the shares beneficially owned by Conese F.P. Mr. Conese, Sr., as the sole stockholder of Conese G.P., may be deemed to beneficially own shares beneficially owned by Conese G.P. Mr. Conese, Sr. disclaims beneficial ownership of such shares for all other purposes. 9 3. AeroEquity, as the sole member of AeroGroup, may be deemed to beneficially own the shares beneficially owned by AeroGroup; David H. Rowe and Brian H. Rowe, as officers and directors of AeroEquity, may be deemed to beneficially own the shares owned by AeroGroup. David H. Rowe and Brian H. Rowe disclaim beneficial ownership of such shares for all other purposes. On March 11, 1999, Nolan and AeroEquity entered into an agreement, a copy of which is attached hereto, setting forth certain arrangements in connection with their actions relating to the Company. NOLAN Nolan. Nolan is a general partnership formed for the purpose of making a substantial investment in, influencing and/or acquiring control of a publicly-held corporation, through investments and trading in securities. THE KINCAID GROUP Nolan Acquisition. Nolan Acquisition is a limited partnership formed for the purpose of investing and trading securities. Kincaid Capital. Kincaid Capital directly or indirectly invests in various businesses. Mr. Kincaid. Mr. Kincaid is a Director, President and stockholder of Kincaid Capital. Mr. Kincaid has been involved in the aviation industry for 24 years. In 1979, he formed International Turbine Service, Inc., a company engaged in the sale of aircraft engine parts, and served as its President until August 1998. In 1996, he became President and Chief Executive Officer of International Airmotive Holding Corporation ("IAHC"), a corporation formed as a holding company for the stock of International Turbine Service, Inc. and Dallas Airmotive, Inc. Dallas Airmotive, Inc. is engaged in the business of overhauling aircraft engines and International Turbine Service, Inc., is engaged in the sale of aircraft engine parts. The assets of Dallas Airmotive, Inc. were previously owned by Aviall, Inc. Mr. Kincaid left his position with IAHC in August 1998. Mr. Kincaid is a United States citizen. Mr. Jones. Mr. Jones is a Director, Senior Vice President and Secretary, and a stockholder of Kincaid Capital. He is also the sole principal of the Law Offices of Richard Jones. He has been engaged in the private practice of law in Dallas, Texas since 1968. In addition to the private practice of law, Mr. Jones has taught courses in corporate law and taxation at Southern Methodist University School of Law. From 1986 until September 1998, Mr. Jones was a principal of the Dallas law firm of Fishman, Jones, Walsh & Gray, P.C. Mr. Jones is a United States Citizen. 10 Mr. Komnenovich. Mr. Komnenovich is a Director, Senior Vice President and Treasurer, and a stockholder of Kincaid Capital. Mr. Komnenovich has been involved in the aviation industry for 15 years. He was employed by Aviall, Inc. from August 1983 until May 1995, where he most recently held the position of Senior Vice President of Marketing and Development. From May 1995 until January 1999 Mr. Komnenovich was Executive Vice President and Chief Financial Officer of International Airmotive Holding Corporation ("IAHC") a corporation formed as a holding company for the stock of International Turbine Service, Inc. and Dallas Airmotive, Inc. Dallas Airmotive, Inc. is engaged in the business of overhauling aircraft engines and International Turbine Service, Inc. is engaged in the sale of aircraft engine parts. Mr. Komnenovich is a United States citizen. THE CONESE GROUP Conese Capital. Conese Capital is a limited liability company for the purpose of acting as partner in entities which invest directly or indirectly in securities. Conese F.P. Conese F.P. is a limited partnership formed for the purpose of investing in securities. Conese G.P. Conese G.P. is a corporation formed to be the general partner of Conese F.P. Conese G.P. is the general partner of Conese F.P. Mr. Conese, Sr. Mr. Conese, Sr. is currently the Chairman and principal stockholder of World Air Lease, Inc., a jet engine leasing company supplying the aviation and utility industries. Mr. Conese, Sr. was the Chairman of the Board of Directors and Chief Executive Officer of Greenwich Air Services, Inc. since October 1987 until its sale to General Electric Company in September 1997. Mr. Conese, Sr. was also the founder, principal stockholder, Chief Executive Officer and Chairman of the Board of The Greenwich Company Ltd. ("GCL"), a private holding company formed in 1980, which acquired Greenwich Air Services, Inc. in October 1987 and which was subsequently sold to General Electric Company in September 1997. Prior to acquiring Greenwich Air Services, GCL acquired Haskon Corporation ("Haskon"), a manufacturer of specialized seals for aircraft and aircraft engines and founded EPCO Technologies, Inc. ("EPCO"), a company which produces specialty plastic components for consumer products. Haskon and EPCO were both sold to BTR Plc. in 1988, and GCL was merged with and into Greenwich Air Services as of December 30, 1995. From 1970 to 1979, Mr. Conese, Sr. served as President, Chief Executive Officer and member of the Board of Directors of Irvin Industries, Inc., an American Stock Exchange listed company engaged in the manufacture and distribution of a number of products for the aerospace and automotive industries. Mr. Conese, Sr. is Chairman of World Air Lease, Inc. and is a consultant to General Electric Company's 11 Engine Services Group. He is a member of the Board of Directors of Trans World Airlines, Inc. and Renex Corporation where he serves as Chairman of the Compensation Committee. He is also on the Board of Trustees of Iona College, the Board of Directors of Jackson Memorial Foundation and is a Board member of the Conese Foundation. Mr. Conese, Sr. is a United States citizen. THE ROWE GROUP AeroGroup. AeroGroup is a limited liability company formed for the purpose of investing in securities. AeroEquity. AeroEquity is a private management and investment firm that invests primarily in the aviation industry. Mr. Brian H. Rowe. Mr. Rowe is co-founder and Chairman of AeroEquity. For a more detailed description of Mr. Rowe's background and experience, see Exhibit A. Mr. Rowe is a United States citizen. Mr. David H. Rowe. Mr. Rowe is co-founder and Managing Director of AeroEquity. Mr. Rowe is a United States citizen. CERTAIN PROCEEDINGS During the last five years, none of the members of the Kincaid Group, the Conese Group or the Rowe Group mentioned above have been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or were a party to a civil proceeding of a judicial or administrative body as a result of which any of such persons was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, United States federal or state securities laws or finding any violation with respect to such law. CERTAIN DIRECTORS, OFFICERS AND EMPLOYEES OF THE NOLAN GROUP The following table sets forth the present principal occupation or employment, and the name, principal business and address of any corporation or other organization in which such employment is carried on, of certain members, directors, officers, employees and other representatives of Nolan Group, who, in each case, may also assist in soliciting proxies from Stockholders. 12 CERTAIN DIRECTORS, OFFICERS AND EMPLOYEES OF THE KINCAID GROUP NAME AND PRINCIPAL BUSINESS ADDRESS (WHERE NOT PRESENT OFFICE OR OTHER PREVIOUSLY PROVIDED) PRINCIPAL OCCUPATION OR EMPLOYMENT - -------------------- ---------------------------------- DAN KOMNENOVICH Director, Senior Vice President and Treasurer of Kincaid Capital. RICHARD JONES Director and Senior Vice President and Secretary of Kincaid Capital. THOMAS R. KINCAID Director and President of Kincaid Capital. 13 CERTAIN DIRECTORS, OFFICERS AND EMPLOYEES OF THE CONESE GROUP NAME AND PRINCIPAL BUSINESS ADDRESS (WHERE NOT PRESENT OFFICE OR OTHER PREVIOUSLY PROVIDED) PRINCIPAL OCCUPATION OR EMPLOYMENT - -------------------- ---------------------------------- EUGENE P. CONESE, SR. Sole stockholder of Conese G.P.; Chairman of World Air Lease, Inc. EUGENE P. CONESE, JR. Director, Vice President and Director of Conese G.P.; Director, President and Chief Executive Officer of New Canaan Corporation DEBORAH A. CONESE EGAN Director and President of Conese G.P. c/o Conese G.P. 55 Alhambra Plaza Coral Gables, Florida 33134 MARK CONESE Director, Conese G.P. c/o Conese G.P. 55 Alhambra Plaza Coral Gables, Florida 33134 CERTAIN MEMBERS AND EMPLOYEES OF ROWE GROUP NAME AND PRINCIPAL BUSINESS ADDRESS (WHERE NOT PRESENT OFFICE OR OTHER PREVIOUSLY PROVIDED) PRINCIPAL OCCUPATION OR EMPLOYMENT - -------------------- ---------------------------------- BRIAN H. ROWE Chairman of AeroEquity, Inc.; Chairman Emeritus of G.E Aircraft Engines; Director of: Fifth Third Bancorp; Convergys Corporation; Stewart and Stevenson Services, Inc.; Atlas Air, Inc.; BE Aerospace, Inc.; Textron Inc. and Dynatech Corporation DAVID H. ROWE Managing Director AeroEquity, Inc. 14 TRANSACTIONS IN AVIALL'S SECURITIES The following is a summary of all transactions in Company securities by members of the Nolan Group over the last two years. Date of Transaction Nature of Transaction Number of Shares - ------------------- --------------------- ---------------- 02/01/98 Purchase by Brian H. Rowe1 13,500 02/11/98 Purchase by AeroEquity, Inc.2 150 02/12/98 Purchase by AeroEquity, Inc.2 140 02/17/98 Purchase by AeroEquity, Inc.2 145 02/19/98 Purchase by AeroEquity, Inc.2 120 02/24/98 Purchase by AeroEquity, Inc.2 142 02/27/98 Purchase by AeroEquity, Inc.2 100 03/03/98 Purchase by AeroEquity, Inc.2 100 06/29/98 Purchase by AeroEquity, Inc.2 100 08/12/98 Purchase by AeroEquity, Inc.2 100 08/19/98 Purchase by AeroEquity, Inc.2 800 08/20/98 Purchase by AeroEquity, Inc.2 200 09/17/98 Purchase by AeroEquity, Inc.2 700 10/01/98 Purchase by AeroEquity, Inc.2 542 10/05/98 Purchase by T.R. Kincaid3 20,000 10/06/98 Purchase by T.R. Kincaid3 20,000 10/07/98 Purchase by T.R. Kincaid3 40,000 10/08/98 Purchase by T.R. Kincaid3 20,000 10/08/98 Purchase by T.R. Kincaid3 4,200 10/09/98 Purchase by T.R. Kincaid3 35,800 10/13/98 Purchase by T.R. Kincaid3 60,000 10/14/98 Purchase by T.R. Kincaid3 30,000 10/15/98 Purchase by T.R. Kincaid3 20,000 10/19/98 Purchase by T.R. Kincaid3 10,000 10/21/98 Purchase by Nolan 200,000 10/22/98 Purchase by Nolan 150,000 10/23/98 Purchase by Nolan 25,000 10/26/98 Purchase by AeroEquity, Inc.2 200 10/27/98 Purchase by Nolan 180,800 10/28/98 Purchase by AeroEquity, Inc.2 100 10/28/98 Purchase by AeroEquity, Inc.2 100 10/28/98 Purchase by Nolan 200,000 10/30/98 Purchase by Nolan 11,000 11/03/98 Purchase by Nolan 85,200 11/04/98 Purchase by Nolan 153,000 11/04/98 Purchase by AeroEquity, Inc.2 340 15 11/05/98 Purchase by AeroEquity, Inc.2 55 11/05/98 Purchase by AeroEquity, Inc.2 200 11/09/98 Purchase by AeroEquity, Inc.2 785 11/13/98 Purchase by AeroEquity, Inc.2 110 11/16/98 Purchase by AeroEquity, Inc.2 100 11/17/98 Purchase by AeroEquity, Inc.2 500 11/19/98 Purchase by AeroEquity, Inc.2 200 11/20/98 Purchase by AeroEquity, Inc.2 100 11/23/98 Purchase by AeroEquity, Inc.2 100 12/03/98 Purchase by Nolan 41,000 01/19/99 Purchase by Nolan 102,000 01/19/99 Purchase by Nolan 15,000 01/19/99 Purchase by Nolan 40,000 01/19/99 Purchase by Nolan 8,300 01/19/99 Purchase by Nolan 35,100 01/19/99 Purchase by Nolan 6,500 01/20/99 Sale by Nolan 5,000 01/20/99 Sale by Nolan 15,000 01/20/99 Sale by Nolan 7,500 01/20/99 Sale by Nolan 7,500 01/20/99 Sale by Nolan 25,000 01/26/99 Purchase by AeroEquity, Inc.2 2,500 01/26/99 Purchase by AeroEquity, Inc.2 7,500 01/26/99 Purchase by AeroEquity, Inc.2 10,000 01/27/99 Purchase by AeroEquity, Inc.2 5,000 01/27/99 Purchase by AeroEquity, Inc.2 7,000 01/27/99 Purchase by AeroEquity, Inc.2 10,000 01/27/99 Purchase by AeroEquity, Inc.2 15,500 01/27/99 Purchase by AeroEquity, Inc.2 21,500 01/27/99 Purchase by AeroEquity, Inc.2 2,500 01/27/99 Purchase by AeroEquity, Inc.2 5,000 01/29/99 Purchase by AeroEquity, Inc.2 200 02/11/99 Purchase by AeroEquity, Inc.2 5,000 02/12/99 Purchase by AeroEquity, Inc.2 16,500 02/12/99 Purchase by AeroEquity, Inc.2 8,500 - ---------------------- 1 Shares purchased by Mr. Rowe were contributed "at cost" to AeroEquity on March 9, 1999 and subsequently contributed "at cost" to AeroGroup on March 10, 1999. 16 2 Shares purchased by AeroEquity, Inc., a Florida corporation ("AeroEquity") and an affiliate of Brian H. Rowe and David H. Rowe, were contributed "at cost" to AeroGroup on March 10, 1999. 3 Shares purchased by Mr. Kincaid were contributed "at cost" to Nolan Acquisition on October 20, 1998 which, in turn, contributed such shares "at cost" to Nolan on October 30, 1998. 17 CONSENT I, Eugene P. Conese, Jr., hereby consent (i) to serve as a director of Aviall, Inc. (the "Company") if elected at the 1999 Annual Meeting of the Company, and (ii) to be named in the proxy statement to be filed in conjunction with my nomination to the Board of Directors of the Company by Nolan Acquisition Partners and AeroGroup I, Ltd. Co. IN WITNESS WHEREOF, the undersigned has caused this Consent to be executed and delivered on this 12th day of March, 1999. /s/ Eugene P. Conese, Jr. ------------------------------- Eugene P. Conese, Jr. 18 CONSENT I, Brian H. Rowe, hereby consent (i) to serve as a director of Aviall, Inc. (the "Company") if elected at the 1999 Annual Meeting of the Company, and (ii) to be named in the proxy statement to be filed in conjunction with my nomination to the Board of Directors of the Company by Nolan Acquisition Partners and AeroGroup I, Ltd. Co. IN WITNESS WHEREOF, the undersigned has caused this Consent to be executed and delivered on this 12th day of March, 1999. /s/ Brian H. Rowe ------------------------------- Brian H. Rowe 19 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 4) ---------- AVIALL, INC. (Name of Issuer) Common Stock, $.01 par value per share 05366B102 (Title of class of securities) (CUSIP number) David E. Zeltner, 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) March 1, 1999 (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 that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-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 ss. 240.13d-7 for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 16 pages) ================================================================================ NY2:\285238\01\643@01!.DOC\65575.0003
- ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 2 of 16 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON NOLAN ACQUISITION PARTNERS S.S. OR I.R.S. IDENTIFICATION NO. 75-2787642 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: WC - ---------------------- ------------------------------------------------------------------------------------------------- ----- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------ ------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Texas - ---------------------- ------------------------------------------------------------------------ ------------------------------ 7 SOLE VOTING POWER: 1,452,900 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 1,452,900 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - ---------------------- ------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 3 of 16 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON NOLAN ACQUISITION GROUP, L.P. S.S. OR I.R.S. IDENTIFICATION NO. 75-2786370 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: WC - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware - ---------------------- ------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - ---------------------- ------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 4 of 16 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON KINCAID CAPITAL GROUP, a Texas corporation S.S. OR I.R.S. IDENTIFICATION NO. 75-2779494 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: WC - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Texas - ---------------------- ------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - ---------------------- ------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 5 of 16 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON THOMAS R. KINCAID S.S. OR I.R.S. IDENTIFICATION NO. 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: PF - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America - ---------------------- ------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ---------------------- ------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 6 of 16 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON DAN KOMNENOVICH S.S. OR I.R.S. IDENTIFICATION NO. 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: PF - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America - ---------------------- ------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ---------------------- ------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 7 of 16 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON RICHARD JONES S.S. OR I.R.S. IDENTIFICATION NO. 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: PF - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America - ---------------------- ------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ---------------------- ------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 8 of 16 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON CONESE CAPITAL, L.L.C. S.S. OR I.R.S. IDENTIFICATION NO. 58-2423275 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: WC - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware - ---------------------- ------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - ---------------------- ------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 9 of 16 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON CONESE FAMILY PARTNERSHIP (NEVADA), L.P. S.S. OR I.R.S. IDENTIFICATION NO. 88-0381099 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: WC - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Nevada - ---------------------- ------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - ---------------------- ------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 10 of 16 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON CONESE GENERAL PARTNER (NEVADA), INC. S.S. OR I.R.S. IDENTIFICATION NO. 88-0381098 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: WC - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Nevada - ---------------------- ------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - ---------------------- ------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 11 of 16 pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON EUGENE P. CONESE S.S. OR I.R.S. IDENTIFICATION NO. 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: PF - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America - ---------------------- ------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- ------------------------------------------------ ------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900 OWNED BY ------------------- ------------------------------------------------ ------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------ ------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,452,900 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ---------------------- -------------------------------------------------------------------------------------------------------
This Amendment No. 4 ("Amendment No. 4") amends the Statement on Schedule 13D (the "Schedule 13D") filed on November 9, 1998, as amended by Amendment No. 1 filed on December 5, 1998, Amendment No. 2 filed on January 22, 1999 and Amendment No. 3 filed February 2, 1999, by and on behalf of the following persons (collectively, the "Reporting Persons"): Nolan Acquisition Partners, a Texas general partnership ("NAP"), Nolan Acquisition Group, L.P., a Delaware limited partnership ("NAG"), Kincaid Capital Group, a Texas Corporation ("Kincaid Capital"), Thomas R. Kincaid ("Kincaid"), Richard Jones ("Jones"), Dan Komnenovich ("Komnenovich"), Conese Capital, L.L.C., a Delaware limited liability company ("CCL"), Conese Family Partnership (Nevada), L.P., a Nevada limited partnership ("CFP"), Conese General Partner (Nevada), Inc., a Nevada corporation ("CGN") and Eugene P. Conese ("Conese"). Capitalized terms used herein and not defined herein have the meanings ascribed thereto in the Schedule 13D. ITEM 4. PURPOSE OF TRANSACTION. On February 23, 1999, the Issuer publicly announced, among other things, that it had retained Merrill Lynch & Co. to assist the Company in exploring possible strategic alternatives to improve shareholder value. On March 1, 1999, Mr. Eugene P. Conese, Sr., on behalf of the Reporting Persons, sent a letter to the Issuer's Board of Directors (the "March 1 Letter") that reads as follows: NOLAN ACQUISITION PARTNERS 125 E. John Carpenter Freeway Suite 190 Irving, Texas 75062 972-501-0007 972-501-0477 Fax March 1, 1999 Board of Directors Aviall, Inc. 2075 Diplomat Drive Dallas, Texas 75234-8999 Attn: Mr. Eric Anderson, Chairman, President and Chief Executive Officer Dear Directors: As you know, in our letter to Eric Anderson of January 29, 1999, we recommended that Aviall engage a reputable investment banking firm to explore a sale of the Company or other transaction that would create shareholder value. We are therefore encouraged by the Company's February 23 announcement that it has engaged Merrill Lynch & Co. to assist the Company in exploring possible strategic alternatives to improve shareholder value. 12 As the holders of 1,452,900 shares of the common stock of Aviall, constituting approximately 8.0% of the outstanding shares, we share your belief that Aviall's potential has not been reflected in its stock price and that Aviall should pursue strategic alternatives to enhance shareholder value. We are prepared to offer just such an alternative and hereby propose a "friendly" cash merger transaction of Aviall with a corporation to be formed by our group for that purpose in which all Aviall shareholders (other than our group) would receive $15.50 per share in cash in exchange for their common stock. We are highly confident that we can obtain commitments for debt and equity financing sufficient to fund the acquisition. Our proposal is subject to our being afforded the opportunity to, and our being satisfied with the results of, a diligence review of Aviall, its properties and businesses. Depending upon the results of our review, we may be prepared to increase our offer. We and our advisors are also prepared to commence such a review promptly with your cooperation and would be willing to enter into a confidentiality agreement in connection therewith (but not any such agreement that would limit our rights as shareholders). We will keep our cash merger proposal open while you are studying strategic alternatives until March 26, 1999. If the Board of Directors does not determine to proceed with our cash merger proposal, we assume that it will be because the Board of Directors has determined that an alternative plan will provide greater value for Aviall's shareholders. If, in our opinion, any such alternative plan provides greater value for Aviall's shareholders, we will be supportive of such alternative plan unless we determine to increase our cash merger bid. Although we do not regard our interest in Aviall as anything other than "friendly," in view of the upcoming annual meeting of shareholders and the importance of these strategic issues, we reserve our right to initiate shareholder proposals in favor of a sale of the Company at the highest possible price and/or nominate a slate of directors who would pursue such a sale. We also reserve the right to initiate a tender offer for Aviall stock at a price which may differ from the proposed merger price or to pursue other alternatives to maximize shareholder value. We hope that our proposal will be favorably acted upon by the Board of Directors so that our respective advisors can proceed with the preparation of definitive agreements containing customary representations, terms and conditions. Sincerely, /s/Eugene P. Conese Eugene P. Conese, Sr. Cc: Thomas Kincaid EPC,Sr/ml 13 The Reporting Persons' future course of action will be influenced by the Issuer's response to the cash merger proposal set forth in the March 1 Letter (the "Nolan Group Proposal") and by any alternative plan adopted by the Issuer's Board of Directors. As indicated in the March 1 Letter and in view of the fact that the Issuer's Board of Directors has not announced that it has determined to sell the Company, the Reporting Persons may initiate shareholder proposals in favor of such a sale at the highest possible price and/or nominate a slate of directors who would pursue such a sale. In addition, the Reporting Persons reserve the right to initiate a tender offer for the Common Stock at a price that may differ from the price per share offered in the Nolan Group Proposal. The Reporting Persons may also acquire additional shares of Common Stock (subject to availability of shares at prices deemed favorable) in the open market or in privately negotiated transactions, and may contact the Issuer, its representatives, other persons interested in the Issuer or persons interested in financing the Nolan Group Proposal or participating in any proxy solicitation that may be commenced by the Reporting Persons. Alternatively, while it is not the Reporting Persons' present intention to do so, the Reporting Persons reserve the right to dispose of some or all of their shares of Common Stock in the open market or in privately negotiated transactions to third parties, or otherwise, depending upon the course of action that the Reporting Persons pursue, market conditions and other factors. Although the foregoing represents the range of activities presently contemplated by the Reporting Persons with respect to the Common Stock, it should be noted that the possible activities of the Reporting Persons are subject to change at any time. Except as set forth above, as of the date of this statement none of the Reporting Persons has any plans or proposals which relate to or would result in any of the actions set forth in parts (a) through (j) of Item 4. Such persons may at any time reconsider and change their plans or proposals relating to the foregoing. 14 SIGNATURE The undersigned, after reasonable inquiry and to the best of their knowledge and belief, certify that the information set forth in this Statement is true, complete and correct. Dated: March 2, 1999 NOLAN ACQUISITION PARTNERS By: Nolan Acquisition Group, L.P., its Managing General Partner By: Kincaid Capital Group, a Texas corporation, its General Partner By: /s/ Richard Jones ------------------------------- Print Name: Richard Jones Title: Senior Vice President NOLAN ACQUISITION GROUP, L.P. By: Kincaid Capital Group, a Texas corporation, its General Partner By: /s/ Richard Jones ----------------------------------- Print Name: Richard Jones Title: Senior Vice President KINCAID CAPITAL GROUP, a Texas corporation By: /s/ Richard Jones --------------------------------------- Print Name: Richard Jones Title: Senior Vice President /s/ Thomas R. Kincaid --------------------------------------- Thomas R. Kincaid /s/ Richard Jones --------------------------------------- Richard Jones /s/ Dan Komnenovich --------------------------------------- Dan Komnenovich 15 CONESE CAPITAL, L.L.C. By: Conese Family Partnership (Nevada), L.P., its sole member By: Conese General Partner (Nevada), Inc., its General Partner By: /s/ Eugene P. Conese, Jr. ----------------------------------- Print Name: Eugene P. Conese, Jr. Title: Vice President CONESE FAMILY PARTNERSHIP (NEVADA), L.P. By: Conese General Partner (Nevada), Inc., its General Partner By: /s/ Eugene P. Conese, Jr. --------------------------------------- Print Name: Eugene P. Conese, Jr. Title: Vice President CONESE GENERAL PARTNER (NEVADA), INC. By: /s/ Eugene P. Conese, Jr. ------------------------------------------- Print Name: Eugene P. Conese, Jr. Title: Vice President /s/ Eugene P. Conese ------------------------------------------- Eugene P. Conese 16 NOLAN ACQUISITION PARTNERS 125 E. JOHN CARPENTER FREEWAY IRVING, TEXAS 75062 March 11, 1999 AeroEquity, Inc. c/o Brian H. Rowe Suite B 7414 Hodgson Memorial Drive Savannah, GA 31411 Dear Brian: As we discussed, each of Nolan Acquisition Partners ("Nolan") and AeroEquity, Inc., or its assigns ("AeroEquity"), are stockholders of Aviall, Inc. ("Aviall") and, consequently, we share an interest in maximizing the value of Aviall's common stock. To this end, we hereby mutually agree as follows: 1. Each of us shall consult with the other prior to any purchase or sale of any shares of Aviall's common stock ("Shares"), and will promptly notify the other of any such purchase or sale, including the number of shares purchased or sold, the purchase or sales price, the date of the transaction and the manner in which the transaction was effected. 2. Each of us shall consult with the other prior to voting our respective Shares on any matter subject to a stockholder vote and shall notify the other regarding how any Shares have been voted. 3. AeroEquity, Inc. acknowledges that Nolan and certain other persons have filed a Statement on Schedule 13D and amendments thereto with the Securities and Exchange Commission ("SEC") with respect to their beneficial ownership of Shares and that, as a result of the agreements set forth herein, AeroEquity, Inc. may be deemed to be a member of a group with Nolan and such other persons for purposes thereof. Consequently, AeroEquity agrees to file separately or join with Nolan and such other persons in filing any Statement on Schedule 13D or amendment thereto as may be required by law (each, a "Schedule 13D Filing"). Accordingly, each of us agrees to provide to the other (and, in the case of Nolan, cause the other persons with whom it has filed a Schedule 13D to provide to you) all information necessary to effect any Schedule 13D Filing. We further agree to consult with each other prior to adopting any plans or proposals which relate to or would result in any of the actions required to be set forth in parts (a) through (j) of Item 4 of Schedule 13D. 4. Effective from and after the date hereof and unless and until this agreement is terminated by either of us (hereinafter, the "Term"), we each agree NY2:\320536\03\6vbs03!.DOC\65575.0003 to pay our "Proportionate Share" (as defined below), calculated as of the date of incurrence of any such Expense, of any expenses reasonably incurred by either of us in connection with our investment in Shares and efforts made to maximize the value thereof (collectively, "Expenses"), including, without limitation: (i) legal expenses incurred in connection with Schedule 13D filings and any other filings with the SEC, legal and other expenses incurred in connection with communications with the Company, stockholders or other persons interested in Aviall (such as printing, mailing, telephone, travel and related costs), fees or expenses of accountants, consultants or other third parties ("Third Party Expenses"); (ii) Indemnifiable Expenses; (iii) Contribution Expenses and (iv) Financing Expenses (as such capitalized terms are hereinafter defined); provided, however, that no party hereto shall be obligated to pay its Proportionate Share of any Third Party Expense or Financing Expense unless prior to incurrence of any such Expense the nature of, and reasons for, incurrence of such Expense shall have been discussed among the parties hereto and approved by the party to be so obligated ("Pre-Approved"). Each of us will promptly upon request reimburse the other party for its "Proportionate Share" of any Expenses paid or advanced by such other party. Unless otherwise agreed, we shall account to each other for Expenses paid or advanced during any month prior to the conclusion of the immediately following month. For purposes hereof, the following terms shall have the following meanings: "Proportionate Share" of either party hereto, as of any date, shall mean a fraction, the numerator of which is equal to the highest number of Shares beneficially owned by such party on such date and the denominator of which is the aggregate of the highest number of such Shares beneficially owned by both parties on such date. "Indemnifiable Expenses" shall mean all expense, liability and loss (including attorneys' fees, judgments, fines and amounts paid or to be paid in any settlement approved in advance by the other, such approval not to be unreasonably withheld) actually incurred or suffered by either of us in connection with any present or future threatened, pending or contemplated investigation, claim, action, suit or proceeding, whether civil, criminal, administrative or investigative (collectively, "Indemnifiable Litigation"), to which either of us is made a party or is threatened to be made a party by reason of any action or inaction taken or omitted in connection with the ownership of Aviall's common stock, including any efforts to maximize the value thereof. Notwithstanding anything to the contrary contained herein, a party hereto shall not have any obligation to indemnify or hold harmless the other for any Indemnifiable Expense arising out of such other party's fraud, willful misconduct or gross negligence. For purposes of paragraphs 4 and 6 "willful misconduct" shall include, but not be limited to, (i) an intentionally untrue statement of a material fact, or (ii) an intentional omission to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading, in each case, as such material facts are required to be disclosed under applicable state or federal securities laws. "Financing Expenses" shall mean any fees or expenses payable to banks, investment banking firms or other financing services for raising debt or equity capital in connection with any acquisition or proposed acquisition of Aviall in which either of us would hold an ongoing equity interest in Aviall, its successor or assets, including, without limitation, engagement, commitment and 2 financing fees and the reimbursement of any costs or expenses of any third party financing source. 5. As a condition precedent to the right of either party hereto to be paid a portion of any Indemnifiable or Contribution Expenses by the other party, such party shall give the other party hereto notice in writing as soon as practicable of any claim made against it for which indemnification will or could be sought under this agreement. No failure to give such notice shall relieve any party hereto from any obligation to pay Indemnifiable or Contribution Expenses hereunder, except to the extent such failure shall materially and adversely affect and prejudice the other party hereto. 6. The parties shall jointly cooperate in the defense of any Indemnifiable Litigation. In the event that the payment of Indemnifiable Expenses as provided in this agreement is unavailable to or insufficient to hold harmless either of us otherwise entitled thereto, for any reason, each of us agrees to contribute to the aggregate expense, liability and loss (including legal or other expenses reasonably incurred in connection with investigating or defending the same) to which the other may be subject in proportion to each of our respective Proportionate Shares ("Contribution Expense"). Each of us agrees that it would not be just and equitable if contribution were determined by any other method of allocation. Notwithstanding anything to the contrary contained herein, a party shall not be entitled to contribution for any Contribution Expense from the other for any liability or expenses arising out of such party's fraud, willful misconduct or gross negligence. 7. In the event that either party or any of their respective affiliates, directly or indirectly, acquires Aviall, all or a portion of its business and operations or all or substantially all of the issued and outstanding Shares not owned by us as of the date hereof (a "Change of Control"), each of us (vis-a-vis the other) shall have the right to participate in such transaction at the same price and other terms and conditions of investment as the other party. 8. Either party may terminate this agreement at any time by delivering a written notice of termination to the other party. Notwithstanding any such termination, (i) the provisions of paragraph 7 will survive the termination of this agreement upon a Change of Control prior to the date of such termination, and (ii) the provisions of paragraphs 4, 5 and 6 will survive termination of this agreement as to any claims arising from facts that shall have occurred on or prior to the date of such termination. Upon a termination of this agreement by either party, the parties, except as provided under this paragraph 8, shall have no further obligation to the other. 9. This agreement is the only agreement between the parties hereto with respect to the subject matter hereof. Nothing in this agreement shall be construed or be deemed to create a partnership, joint venture or similar relationship among the parties hereto and the only obligations of the parties to one another hereunder shall be as expressly set forth herein. 10. This agreement may be signed in counterparts, each of which shall be deemed to be an original instrument, and shall together constitute one and the same agreement. 3 If the foregoing accurately sets forth our mutual agreement (which shall be governed by the laws of the State of New York without regard to the principles thereof regarding the conflict or choice of laws), please so indicate by signing a copy of this agreement where indicated below and returning it to the undersigned. Very truly yours, NOLAN ACQUISITION PARTNERS By: Nolan Acquisition Group, L.P., its Managing General Partner By: Kincaid Capital Group, a Texas corporation, its General Partner By: /s/ Thomas R. Kincaid ------------------------------------ Name: Thomas R. Kincaid Title: President Accepted and Agreed: AEROEQUITY, INC. By: /s/ Brian Rowe ------------------------------ Name: Brian Rowe Title: President 4 EX-11 4 EXHIBIT 11 TRANSACTIONS IN SHARES OF THE COMPANY The Reporting Persons engaged in the following transactions in Shares of the Company during the past 60 days or since the filing of Amendment No. 4 to the Schedule 13D, whichever is less. All such transactions involved purchases of Shares and all transactions were effected on The New York Stock Exchange.
Reporting Person With Direct Beneficial Price Per Share Ownership Date of Transaction Number of Shares Type of Transaction (Excluding Commission) - --------- ------------------- ---------------- ------------------- ---------------------- AeroEquity 01/26/99 2,500 Purchase $11.19 AeroEquity 01/26/99 7,500 Purchase $11.13 AeroEquity 01/26/99 10,000 Purchase $10.88 AeroEquity 01/27/99 5,000 Purchase $11.38 AeroEquity 01/27/99 7,000 Purchase $11.44 AeroEquity 01/27/99 10,000 Purchase $11.38 AeroEquity 01/27/99 15,500 Purchase $11.50 AeroEquity 01/27/99 21,500 Purchase $11.38 AeroEquity 01/27/99 2,500 Purchase $11.25 AeroEquity 01/27/99 5,000 Purchase $11.13 AeroEquity 01/29/99 200 Purchase $11.75 AeroEquity 02/11/99 5,000 Purchase $10.88 AeroEquity 02/12/99 16,500 Purchase $10.94 AeroEquity 02/12/99 8,500 Purchase $10.88
EX-12 5 EXHIBIT 12 The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or her contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or she knows of or has reason to believe that such information is not accurate. Dated: March 12, 1999 NOLAN ACQUISITION PARTNERS By: Nolan Acquisition Group, L.P., its Managing General Partner By: Kincaid Capital Group, a Texas corporation, its General Partner By: /s/ Richard Jones --------------------------------------- Print Name: Richard Jones Title: Senior Vice President NOLAN ACQUISITION GROUP, L.P. By: Kincaid Capital Group, a Texas corporation, its General Partner By: /s/ Richard Jones ------------------------------------------- Print Name: Richard Jones Title: Senior Vice President KINCAID CAPITAL GROUP, a Texas corporation By: /s/ Richard Jones ----------------------------------------------- Print Name: Richard Jones Title: Senior Vice President /s/ Thomas R. Kincaid ----------------------------------------------- Thomas R. Kincaid /s/ Richard Jones ----------------------------------------------- Richard Jones /s/ Dan Komnenovich ----------------------------------------------- Dan Komnenovich CONESE CAPITAL, L.L.C. By: Conese Family Partnership (Nevada), L.P., its sole member By: Conese General Partner (Nevada), Inc., its General Partner By: /s/ Eugene P. Conese, Jr. -------------------------------------- Print Name: Eugene P. Conese, Jr. Title: Vice President CONESE FAMILY PARTNERSHIP (NEVADA), L.P. By: Conese General Partner (Nevada), Inc., its General Partner By: /s/ Eugene P. Conese, Jr. ------------------------------------------- Print Name: Eugene P. Conese, Jr. Title: Vice President CONESE GENERAL PARTNER (NEVADA), INC. By: /s/ Eugene P. Conese, Jr. ----------------------------------------------- Print Name: Eugene P. Conese, Jr. Title: Vice President /s/ Eugene P. Conese ----------------------------------------------- Eugene P. Conese AEROEQUITY, INC. By: /s/ Brian H. Rowe ----------------------------------------------- Print Name: Brian H. Rowe Title: Chairman and President AEROGROUP I, LTD. CO. By: AeroEquity, Inc., its sole member By: /s/ Brian H. Rowe ------------------------------------------- Print Name: Brian H. Rowe Title: Chairman and President /s/ Brian H. Rowe ------------------------------------------- Brian H. Rowe -----END PRIVACY-ENHANCED MESSAGE-----