-----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, TqCnW+i/O/+80i6noS9lMcUH322qeYxS9HD9ZPvVQT9v/5zGCs2NovC+THZPxn4t ftOFydoI/ulHYww5vFjcOg== 0000950116-97-001899.txt : 19971021 0000950116-97-001899.hdr.sgml : 19971021 ACCESSION NUMBER: 0000950116-97-001899 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971020 SROS: NONE GROUP MEMBERS: EDMONSON NORMAN V GROUP MEMBERS: NORMAN V. EDMONSON GROUP MEMBERS: NORVED CORP. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SUNSOURCE INC CENTRAL INDEX KEY: 0001029831 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080] IRS NUMBER: 232874736 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-51703 FILM NUMBER: 97698077 BUSINESS ADDRESS: STREET 1: 2600 ONE LOAN SQUARE CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 2156653650 MAIL ADDRESS: STREET 1: 2600 ONE LOAN SQUARE CITY: PHILADELPHIA STATE: PA ZIP: 19103 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EDMONSON NORMAN V CENTRAL INDEX KEY: 0001047596 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 179322424 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 3000 ONE LOGAN SQUARE CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 2152821290 SC 13D 1 Page 1 of 5 pages UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* SUNSOURCE INC. - ------------------------------------------------------------------------------ Common Stock, par value $0.01 per share (Title of Class of Securities) 867948101 - ------------------------------------------------------------------------------ (CUSIP Number) Norman V. Edmonson 3000 One Logan Square Philadelphia, PA 19103 215-282-1290 - ------------------------------------------------------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 1, 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 [ ]. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 2 of 5 pages _______________________________________________________________________________ CUSIP No. 867948101 SCHEDULE 13D _______________________________________________________________________________ 1 NAME OF REPORTING PERSONS S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Norman V. Edmonson ______________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] ______________________________________________________________________________ 3 SEC USE ONLY ______________________________________________________________________________ 4 SOURCE OF FUNDS* 00 ______________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] ______________________________________________________________________________ 6 CITIZENSHIP OR PLACE OR ORGANIZATION U.S. _______________________________________________________________________________ | | NUMBER OF | 7 | SOLE VOTING POWER SHARES | | 440,729 BENEFICIALLY |_____|________________________________________________________ OWNED BY | | EACH | 8 | SHARED VOTING POWER REPORTING | | -0- PERSON WITH |_____|________________________________________________________ | | | 9 | SOLE DISPOSITIVE POWER | | 440,729 |_____|________________________________________________________ | | | 10 | SHARED DISPOSITIVE POWER | | -0- _______________|_____|_________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 440,729 ______________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] ______________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.9% ______________________________________________________________________________ 14 TYPE OF REPORTING PERSON* IN ______________________________________________________________________________ Page 3 of 5 pages _______________________________________________________________________________ CUSIP No. 867948101 SCHEDULE 13D _______________________________________________________________________________ 1 NAME OF REPORTING PERSONS S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Norved Corp. ______________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] ______________________________________________________________________________ 3 SEC USE ONLY ______________________________________________________________________________ 4 SOURCE OF FUNDS* 00 ______________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] ______________________________________________________________________________ 6 CITIZENSHIP OR PLACE OR ORGANIZATION Delaware _______________________________________________________________________________ | | NUMBER OF | 7 | SOLE VOTING POWER SHARES | | 438,454 BENEFICIALLY |_____|________________________________________________________ OWNED BY | | EACH | 8 | SHARED VOTING POWER REPORTING | | -0- PERSON WITH |_____|________________________________________________________ | | | 9 | SOLE DISPOSITIVE POWER | | 438,454 |_____|________________________________________________________ | | | 10 | SHARED DISPOSITIVE POWER | | -0- _______________|_____|_________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 438,454 ______________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] ______________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.8% ______________________________________________________________________________ 14 TYPE OF REPORTING PERSON* CO ______________________________________________________________________________ Page 4 of 5 pages This Amendment No. 1 to Schedule 13D amends the Schedule 13D initially filed on October 10, 1997 as follows: Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Item 6 as reported on the Schedule 13D is hereby amended as follows: Section 1 of the Stockholders Agreement dated as of July 31, 1997 among SunSource Inc., Lehman Brothers and certain limited partners of SDI Partners I, L.P. (the "Senior Executives"), including Edmonson and Norved, provides that Lehman Brothers and the Senior Executives will not sell any shares of Common Stock to any person which to their knowledge would beneficially own after the sale more than 10% of the outstanding Common Stock (or more than 15% in certain instances). Section 2 of the Stockholders Agreement provides that, on matters submitted to a vote of stockholders, Lehman Brothers and the Senior Executives agree to vote any shares in excess of the voting power held by them before the conversion in accordance with the vote of unaffiliated shares. Section 3 of the Stockholders Agreement provides for the nomination of nine directors of whom three will be nominated by management, four will be independent and two will be nominated by Lehman Brothers so long as their ownership is more than 20% or one if their ownership is between 10% and 20%. Lehman Brothers and the Senior Executives agree to vote their shares to carry out this provision. The Registration Rights Agreement dated as of July 31, 1997 among SunSource Inc., Lehman Brothers and the Senior Executives as defined therein, including Edmonson and Norved, provides for certain rights for Lehman Brothers and the Senior Executives with respect to registration of their shares for sale under the Securities Act of 1933. Item 7. Material to Be Filed as Exhibits. Item 7 as reported on the Schedule 13D is hereby amended as follows: (a) Agreement and Plan of Conversion dated as of July 31, 1997 among SunSource Inc., SunSource L.P., LPSub Inc., Lehman/SDI, Inc. and the limited partners of SDI Partners I, L.P. is incorporated herein by reference to Exhibit 2.1 to Registration Statement No. 333-19077. (b) Stockholders Agreement dated as of July 31, 1997 among SunSource Inc., Lehman Brothers and the Senior Executives as defined therein is incorporated herein by reference to Exhibit 10.2 to Registration Statement No. 333-19077. (c) Registration Rights Agreement dated as of July 31, 1997 among SunSource Inc., Lehman Brothers and the Senior Executives as defined therein is incorporated herein by reference to Exhibit 10.1 to Registration Statement No. 333-19077. Page 5 of 5 pages SIGNATURE After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: October 17, 1997 /s/ Norman V. Edmonson ------------------------- Norman V. Edmonson NORVED CORP. By: /s/ Norman V. Edmonson ------------------------- Norman V. Edmonson President -----END PRIVACY-ENHANCED MESSAGE-----