-----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, HblXl4ftxvepGnc75r/7/raIWKp40cwcUG5m7YMdMsbmMekesR87zlLCNwcw3Iqc sSx4jIa6ZnGJo5ZUeEOF/A== 0001116679-01-501015.txt : 20020411 0001116679-01-501015.hdr.sgml : 20020411 ACCESSION NUMBER: 0001116679-01-501015 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20011116 GROUP MEMBERS: CRAIG L. MCKIBBEN GROUP MEMBERS: EDWARD J. BRAMSON GROUP MEMBERS: NEWHILL PARTNERS, L.P. GROUP MEMBERS: SHERBORNE &COMPANY INCORPORATED GROUP MEMBERS: SHERBORNE CAPITAL INCORPORATED GROUP MEMBERS: SHERBORNE HOLDINGS INCORPORATED GROUP MEMBERS: SHERBORNE INVESTMENTS CORPORATION SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMPEX CORP /DE/ CENTRAL INDEX KEY: 0000887433 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 133667696 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-09690 FILM NUMBER: 1793860 BUSINESS ADDRESS: STREET 1: 500 BROADWAY STREET 2: MAIL STOP 3-36 CITY: REDWOOD CITY STATE: CA ZIP: 94063-3199 BUSINESS PHONE: 4153672011 MAIL ADDRESS: STREET 1: 500 BROADWAY STREET 2: MAIL STOP 3-36 CITY: REDWOOD CITY STATE: CA ZIP: 94063-3199 FORMER COMPANY: FORMER CONFORMED NAME: AMPEX INC DATE OF NAME CHANGE: 19930328 FORMER COMPANY: FORMER CONFORMED NAME: AMPEX INC /DE/ DATE OF NAME CHANGE: 19940505 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BRAMSON EDWARD J CENTRAL INDEX KEY: 0001016268 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O BATTLE FOWLER LLP STREET 2: 75 E 55TH ST CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128567000 MAIL ADDRESS: STREET 1: C/O BATTLE FOWLER LLP STREET 2: 75 E 55TH ST CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G/A 1 amp13ga.txt AMENDMENT NO. 13 (OCTOBER 29, 2001) SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 13 TO SCHEDULE 13D Under the Securities Exchange Act of 1934 Ampex Corporation ----------------- (Name of Issuer) Class A Common Stock, Par Value $.01 Per Share ---------------------------------------------- (Title of Class of Securities) 032092108 --------- (CUSIP Number) Craig L. McKibben 135 East 57th Street New York, New York 10022 (212) 759-6301 -------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 29, 2001 ---------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), (f) or (g), check the following box |_| SCHEDULE 13D - ---------------------------- ---------------------------- CUSIP No. 032092108 Page of Pages - ---------------------------- ---------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Sherborne Capital Incorporated 13-4170958 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)____________ (b)____________ N/A - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) N/A - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 400,000 NUMBER OF SHARES BENEFICIALLY ------------------------------------------------------------------ OWNED BY EACH 8 SHARED VOTING POWER REPORTING 0 PERSON WITH ------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 400,000 ------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 400,000 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) OO - -------------------------------------------------------------------------------- SCHEDULE 13D - ---------------------------- ---------------------------- CUSIP No. 032092108 Page of Pages - ---------------------------- ---------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Sherborne Investments Corporation 51-0364504 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)____________ (b)____________ N/A - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) N/A - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 1,850,000 NUMBER OF SHARES BENEFICIALLY ------------------------------------------------------------------ OWNED BY EACH 8 SHARED VOTING POWER REPORTING 0 PERSON WITH ------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 1,850,000 ------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,850,000 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) HC - -------------------------------------------------------------------------------- SCHEDULE 13D - ---------------------------- ---------------------------- CUSIP No. 032092108 Page of Pages - ---------------------------- ---------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Sherborne Holdings Incorporated 13-3513642 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)____________ (b)____________ N/A - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) N/A - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 1,098,566 NUMBER OF SHARES BENEFICIALLY ------------------------------------------------------------------ OWNED BY EACH 8 SHARED VOTING POWER REPORTING 212,856 PERSON WITH ------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 1,098,566 ------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,311,422 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) HC - -------------------------------------------------------------------------------- SCHEDULE 13D - ---------------------------- ---------------------------- CUSIP No. 032092108 Page of Pages - ---------------------------- ---------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Newhill Partners, L.P. 13-3389798 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)____________ (b)____________ N/A - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) N/A - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 1,098,566 NUMBER OF SHARES BENEFICIALLY ------------------------------------------------------------------ OWNED BY EACH 8 SHARED VOTING POWER REPORTING 212,856 PERSON WITH ------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 1,098,566 ------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,311,422 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN - -------------------------------------------------------------------------------- SCHEDULE 13D - ---------------------------- ---------------------------- CUSIP No. 032092108 Page of Pages - ---------------------------- ---------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Sherborne & Company Incorporated 22-2569328 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)____________ (b)____________ N/A - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 1,130,045 NUMBER OF SHARES BENEFICIALLY ------------------------------------------------------------------ OWNED BY EACH 8 SHARED VOTING POWER REPORTING 212,856 PERSON WITH ------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 1,130,045 ------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,342,901 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) CO - -------------------------------------------------------------------------------- SCHEDULE 13D - ---------------------------- ---------------------------- CUSIP No. 032092108 Page of Pages - ---------------------------- ---------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Craig L. McKibben ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)____________ (b)____________ N/A - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) N/A - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF SHARES BENEFICIALLY ------------------------------------------------------------------ OWNED BY EACH 8 SHARED VOTING POWER REPORTING 212,856 PERSON WITH ------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 212,856 ------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 2,846,172 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,717,678 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IN - -------------------------------------------------------------------------------- SCHEDULE 13D - ---------------------------- ---------------------------- CUSIP No. 032092108 Page of Pages - ---------------------------- ---------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Edward J. Bramson - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)____________ (b)____________ N/A - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) PF - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United Kingdom - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 6,885,455 NUMBER OF SHARES BENEFICIALLY ------------------------------------------------------------------ OWNED BY EACH 8 SHARED VOTING POWER REPORTING 212,856 PERSON WITH ------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 6,885,455 ------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 2,846,172 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,865,633 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IN - -------------------------------------------------------------------------------- AMENDMENT NO. 13 TO SCHEDULE 13D This Amendment No. 13 amends certain of the information contained in the Statement on Schedule 13D, as previously amended (the "Schedule 13D"), filed by the parties named below (collectively, "Filing Parties") relating to the Class A Common Stock ("Class A Stock") of Ampex Corporation (the "Company"). Certain information in the Schedule 13D which has not changed since the filing of the most recent amendment thereto is not restated herein. Capitalized terms used but not defined herein have the meanings ascribed to them in the Schedule 13D. Item 1. Security and Issuer. No change. Item 2. Identity and Background. This Amendment No. 13 is being filed pursuant to Section 13d(1) of the Securities Act of 1934, as amended (the "Exchange Act") and Rule 13d-2 thereunder by the Filing Parties named below, each of whom has a business address at 135 East 57th Street, 32nd Floor, New York, NY 10022. 1. Sherborne Capital Incorporated, a New York corporation ("SHCI"), of which Edward J. Bramson, one of the Filing Parties, is the controlling stockholder. SHCI's principal business is the ownership of Class A Stock of the Company. SHCI is the successor by merger to SH Securities Co. LLC, a New York limited liability company ("SHLLC") of which Mr. Bramson was the sole managing member. SHLLC is no longer a Filing Party. 2. Sherborne Investments Corporation, a Delaware corporation ("SIC"), of which Edward J. Bramson, one of the Filing Parties, is the sole stockholder. SIC's principal business is the ownership of Class A Stock of the Company. 3. Sherborne Holdings Incorporated, a Delaware corporation ("SHI"). SHI is a holding company whose principal business is the ownership of shares of the Company. 4. Newhill Partners, L.P. ("NLP"), a Delaware limited partnership, which owns all of the outstanding stock of SHI. NLP's principal business is to acquire, hold and dispose of business entities, directly or through subsidiaries and holding companies. The General Partner of NLP is SCI (defined below). 5. Sherborne & Company Incorporated, a Delaware corporation ("SCI"), the General Partner of NLP. SCI is owned by Edward J. Bramson, who is its sole stockholder. SCI's principal business is to act as General Partner of NLP. 6. Craig L. McKibben, Vice President, Treasurer, Chief Financial Officer, and a director of the Company. Mr. McKibben is also an officer and Page __ of __ Pages director of each other corporation that is a Filing Party herein (other than SIC) and a limited partner of NLP. 7. Edward J. Bramson, Chairman of the Board, President and Chief Executive Officer of the Company. Mr. Bramson is also the chief executive officer and a director of each other corporation that is a Filing Party herein. Item 3. Source and Amount of Funds or Other Consideration. Since the date of filing of Amendment No. 12 to the Schedule 13D, the Filing Parties named herein have entered into the following transactions in the Company's Class A Stock, using the funds indicated below: (a) In November, 2000, the following transactions in the Class A Stock took place: (i) Mr. Bramson transferred 400,000 shares of Class A Stock to SIC, of which he is the sole stockholder, in a private transaction not involving the payment of any consideration; (ii) Mr. Bramson sold 400,000 shares of Class A Stock in open market brokerage transactions at a price of $0.8125 per share; (iii) SHI purchased 405,000 shares of Class A Stock in open market brokerage transactions at a price of $0.8125 per share using working capital funds; and (iv) Mr. McKibben sold 5,000 shares of Class A Stock in an open market brokerage transaction at a price of $0.625 per share. (b) In February, 2001, the Board of Directors of the Company granted to Mr. McKibben 75,000 non-qualified stock options to purchase shares of Class A Stock under the Company's 1992 Stock Incentive Plan (the "Plan"), at an exercise price of $0.40 per share. The option becomes exercisable as to 34% of the underlying shares on February 26, 2002, and as to an additional 8.25% quarterly thereafter until February 26, 2004. The option expires as to equivalent percentages of underlying shares 15 months after the applicable vesting date for such shares. (c) In May, 2001, SHCI succeeded by merger to SHLLC's ownership of 400,000 shares of Class A Stock and assumed certain purchase money indebtedness incurred by SHLLC in connection with the purchase of such shares from the Company. No consideration was paid for such shares. (d) In July, 2001, Mr. McKibben sold 1,800 shares of Class A Stock in an open market brokerage transaction at a price of $0.30 per share. (e) On or about October 23, 2001, the Board of Directors of the Company granted to Mr. Bramson 850,000 non-qualified options to purchase shares of Class A Stock under the Company's 1992 Stock Incentive Plan, at an exercise price of $0.17 per share. This option becomes fully vested and exercisable on or about April 23, 2002. (f) On or about October 29, 2001, the Company issued to SCI 1,000,000 shares of Class A Stock in consideration of SCI's agreement to make loans to a subsidiary of the Company up to $2.5 million. The Company has agreed to register the shares under the Securities Act of 1933, as amended. Page __ of __ Pages (g) On or about November 7, 2001, Mr. Bramson purchased the shares reported in Item 3(f) from SCI in a private transaction for $160,000 using personal funds. Item 4. Purpose of Transaction. (a) The transactions by Mr. Bramson, Mr. McKibben, SIC, SHI and SHCI reported in Items 3(a), 3(c), 3(d) and 3(g) were effected for personal investment planning purposes. As set forth in Item 5(a)(vii), Mr. Bramson is deemed to hold beneficial ownership of approximately 18.2% of the outstanding Class A Stock. Accordingly, Mr. Bramson may be in a position to exercise significant influence on the management and affairs of the Company. (b) The 1,000,000 shares acquired by SCI reported in Item 3(f) were acquired as additional consideration for the extension of credit by SCI to a subsidiary of the Company. (c) The Board of Directors of the Company granted the options reported in Item 3(b) and 3(e) as incentive compensation in accordance with the purposes of the 1992 Stock Incentive Plan. (d) One or more of the Filing Parties named in the Schedule 13D, including Mr. Bramson, may from time to time in the future acquire additional shares of Class A Stock, or dispose of Class A Stock owned by such Party, in open market or privately negotiated transactions, depending upon market conditions, personal investment considerations, or other factors. Item 5. Interest in Securities of the Issuer. (a) As of the close of business on November 7, 2001: (i) SHCI owned 400,000 shares of Class A Stock of the Company, representing approximately 0.7% of the outstanding shares of Class A Stock of the Company. (ii) SIC owned 1,850,000 shares of Class A Stock of the Company, representing approximately 3.1% of the outstanding shares of Class A Stock of the Company. (iii) SHI owned directly or through a wholly-owned subsidiary 1,098,566 shares of Class A Stock. In addition, SHI holds the right to vote 212,856 shares of Class A Stock as holder of a voting proxy with respect to such shares granted by Craig L. McKibben. Accordingly, SHI is deemed to be the beneficial owner of an aggregate of 1,311,422 shares of Class A Stock, representing approximately 2.2% of the outstanding Class A Stock of the Company. (iv) NLP owned all the outstanding shares of SHI, and is deemed to be the beneficial owner of all shares beneficially owned or controlled by SHI. Accordingly, NLP is deemed to be the beneficial owner of an aggregate of 1,311,422 shares, representing approximately 2.2%, of the outstanding Class A Stock of the Company. (v) SCI owned directly 31,479 shares of Class A Stock, and SCI is deemed to be the beneficial owner of all shares beneficially owned by NLP, as SCI is the general partner of NLP, the sole stockholder of SHI. Accordingly, SCI is deemed to be the beneficial owner of an aggregate of 1,342,901 shares, representing approximately 2.2% of the outstanding Class A Stock of the Company. (vi) Mr. McKibben owned directly 212,856 shares of Class A Stock, held options to acquire 440,150 shares of Class A Stock under the Company's 1992 Stock Incentive Plan, and held options granted to him by SHI to acquire 150,000 shares of Class A Stock. (Mr. McKibben has granted a Page __ of __ Pages proxy to SHI to vote all shares of Class A Stock owned by him on any matter submitted to stockholders of the Company.) In addition, Mr. McKibben serves as co-administrator of the Ampex Retirement Master Trust (the "Ampex Trust"), which holds 2,914,672 shares of Class A Stock (including 68,500 shares issuable upon conversion of outstanding convertible preferred stock of the Company held by the Ampex Trust), respectively, as to which Mr. McKibben may be deemed to share investment power. Accordingly, Mr. McKibben is deemed to be the beneficial owner of 3,717,678 shares of Class A Stock, representing approximately 6.2% of the Class A Stock of the Company. (vii) Mr. Bramson owned directly 3,505,410 shares of Class A Stock, and held options to acquire an aggregate of 852,500 shares of Class A Stock under the Company's 1992 Stock Incentive Plan. Mr. Bramson is also deemed beneficially to own 3,380,045 shares of Class A Stock owned or controlled by certain other Filing Parties named herein, and 212,856 shares covered by the above-mentioned proxy. In addition, Mr. Bramson serves as co-administrator of the Ampex Trust, which holds 2,914,672 shares of Class A Stock, as to which Mr. Bramson may be deemed to share investment power. Accordingly, Mr. Bramson is deemed to be the beneficial owner of an aggregate of 10,865,483 shares, representing approximately 17.9% of the outstanding Class A Stock of the Company. (viii) The Filing Parties named herein, collectively, may comprise a "group" within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, and as a group beneficially own all of the shares owned or controlled by each of the Filing Parties, representing an aggregate of 11,305,633 shares, or approximately 18.4%, of the outstanding Class A Stock of the Company. (b) No change. (c) Except as disclosed herein, none of the Filing Parties has effected any transactions in shares of Class A Stock since the filing of the most recent amendment to the Schedule 13D, dated June 8, 2000. (d) No change. (e) Not Applicable. (f) The filing of this Statement shall not be construed as an admission by any Filing Party that it is, for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934 or for any other purpose, the beneficial owner of any securities covered by this statement. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Not applicable. Item 7. Material to Be Filed as Exhibits. The List of Exhibits attached to this Amendment No. 13 is hereby incorporated herein by reference. Page __ of __ Pages After reasonable inquiry and to the best of its knowledge, each of the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: November 16, 2001 SHERBORNE CAPITAL INCORPORATED By: /s/ Edward J. Bramson -------------------------------- Name: Edward J. Bramson Title: President SHERBORNE INVESTMENTS CORPORATION By: /s/ Edward J. Bramson -------------------------------- Name: Edward J. Bramson Title: President SHERBORNE HOLDINGS INCORPORATED By: /s/ Craig L. McKibben -------------------------------- Name: Craig L. McKibben Title: Vice President NEWHILL PARTNERS, L.P., by its general partner, Sherborne & Company Incorporated By: /s/ Edward J. Bramson -------------------------------- Name: Edward J. Bramson Title: President SHERBORNE & COMPANY INCORPORATED By: /s/ Craig L. McKibben -------------------------------- Name: Craig L. McKibben Title: Vice President /s/ Craig L. McKibben ------------------------------------ Craig L. McKibben /s/ Edward J. Bramson ------------------------------------ Edward J. Bramson Page __ of __ Pages LIST OF EXHIBITS to Amendment No. 13 to Schedule 13D Exhibit No. Exhibit Description ----------- ------------------- 1 Letter Agreement, dated as of October 29, 2001, between Ampex Corporation and Sherborne & Company Incorporated ("SCI") providing for the issuance to SCI of 1,000,000 shares of the Company's Common Stock (filed as Exhibit 4.10 to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2001 and incorporated herein by reference.) Page __ of __ Pages -----END PRIVACY-ENHANCED MESSAGE-----