-----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, K5bmssA8LCfCHkPIcalox4fYKHSBV8YqtIcY2G6lylFS9bTKeoeJIn46jN519s5R neJ6JCtaXYqy08FiJQTb9w== 0000890566-97-000162.txt : 19970225 0000890566-97-000162.hdr.sgml : 19970225 ACCESSION NUMBER: 0000890566-97-000162 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970205 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INDUSTRIAL HOLDINGS INC CENTRAL INDEX KEY: 0000879884 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080] IRS NUMBER: 760289495 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41982 FILM NUMBER: 97518727 BUSINESS ADDRESS: STREET 1: 7135 ARDMORE CITY: HOUSTON STATE: TX ZIP: 77054 BUSINESS PHONE: 7137471025 MAIL ADDRESS: STREET 1: 7135 ARDMORE CITY: HOUSTON STATE: TX ZIP: 77054 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ST JAMES CAPITAL CORP CENTRAL INDEX KEY: 0001016126 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 760478200 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 5599 SAN FELIPE STREET 2: SUITE 301 CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 7139934600 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2) INDUSTRIAL HOLDINGS, INC. (Name of Issuer) COMMON STOCK, PAR VALUE $.01 PER SHARE (Title of class of securities) 456160100 (CUSIP number) JOHN L. THOMPSON ST. JAMES CAPITAL CORP. 1980 POST OAK BOULEVARD, SUITE 2030 HOUSTON, TEXAS 77056 (713) 871-0799 (Name, address and telephone number of person authorized to receive notices and communications) January 24, 1997 (Date of event which requires filing of this statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box. |_| Check the following box if a fee is being paid with this statement. |_| The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act. CUSIP No. 456160100 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS St. James Capital Corp. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS 76-0478200 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS BK/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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER 795,000 SHARES --------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER 0 OWNED BY --------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER 795,000 REPORTING --------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 795,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.7 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- This statement constitutes Amendment No. 2 to the statement on Schedule 13D filed with the Securities and Exchange Commission on June 3, 1996, as amended on November 26, 1996 (collectively, the "Original Statement"), with respect to shares of the common stock, par value $.01 per share (the "Common Stock"), of Industrial Holdings, Inc., a Texas corporation ("IHI"), owned by St. James Capital Corp., a Delaware corporation ("SJCC"). This Amendment No. 2 reflects certain material changes in the information set forth in the Original Statement, as follows: ITEM 2. Identity and Background SJCC is the general partner of St. James Capital Partners, L.P., a Delaware limited partnership (the "Partnership"). The directors of SJCC are Charles E. Underbrink, John L. Thompson, Alan D. Feinsilver, Titus H. Harris, Jr. and William H. Wagner. The executive officers of SJCC are Messrs. Underbrink, Thompson, Feinsilver and Ron Latta. The business address of SJCC and each of its executive officers is 1980 Post Oak Boulevard, Suite 2030, Houston, Texas 77056. The principal occupation of each of the executive officers and directors of SJCC is investment management and each is a citizen of the United States. Mr. Harris is the Chairman of the Board of Harris, Webb & Garrison, a regional investment banking firm with its principal business address at 5599 San Felipe, Suite 301, Houston, Texas 77057. Mr. Wagner is the Managing Director of SV Capital Management, a private equity firm with its principal business address at 200 Concord, Suite 620, San Antonio, Texas 78216. None of SJCC or its executive officers and directors has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) during the last five years and has not been 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. ITEM 5. Interest in Securities of the Issuer On January 24, 1997, the SJCC disposed of its beneficial ownership of 40,000 of the Shares in an open market transaction at a price of $12.768 per share. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. FEBRUARY 5, 1997 (Date) /S/ JOHN L. THOMPSON (Signature) JOHN L. HOMPSON, PRESIDENT (Name/Title) Page 3 -----END PRIVACY-ENHANCED MESSAGE-----