-----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, Iq7FeA2K99fo0rwoCX85QayxEdhmEprf4tEwGgk4o2bGDHC5Ze495UZxIMyf/V2n mboimMnI8PtAC6rPZMIFzA== 0000891836-97-000104.txt : 19970211 0000891836-97-000104.hdr.sgml : 19970211 ACCESSION NUMBER: 0000891836-97-000104 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970207 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DRAVO CORP CENTRAL INDEX KEY: 0000030067 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 250447860 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-10201 FILM NUMBER: 97521022 BUSINESS ADDRESS: STREET 1: 3600 ONE OLIVER PLZ CITY: PITTSBURGH STATE: PA ZIP: 15222-2651 BUSINESS PHONE: 2054322651 MAIL ADDRESS: STREET 1: P O BOX 2068 CITY: MOBILE STATE: AL ZIP: 36652 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DELTEC INTERNATIONAL SA CENTRAL INDEX KEY: 0000941330 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 535 MADISON AVE - 26TH FLOOR STREET 2: C/O DELTEC ASSET MANAGEMENT CORP CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2122302963 MAIL ADDRESS: STREET 1: 535 MADISON AVE 26TH FLOOR STREET 2: C/O DELTEC ASSET MANAGEMENT CORP CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 SCHEDULE 13D - AMENDMENT NO. 3 --------------------------------- OMB APPROVAL --------------------------------- OMB Number: 3235-0145 Expires: October 31, 1997 Estimated average burden hours per form............14.90 --------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3 )* DRAVO CORPORATION - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, Par Value $1.00 - ------------------------------------------------------------------------------- (Title of Class of Securities) 261471106 - ------------------------------------------------------------------------------- (CUSIP Number) Stephen Zuppello, Managing Director Deltec Asset Management Corporation 535 Madison Avenue, New York 10022 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 22, 1996 - ------------------------------------------------------------------------------- (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 1 of 16 Pages SCHEDULE 13D - ------------------- --------------------------- CUSIP NO. 261471106 PAGE 2 OF 16 PAGES --------- ----- ---- - ------------------- --------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Deltec International S.A. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) |_| (B) |_| - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF, WC, OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Republic of Panama - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 233,800 SHARES ------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 495,900 EACH ------------------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER PERSON 233,800 WITH ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 495,900 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 729,700 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.9% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. This Amendment No. 3 amends and supplements the Statement on Schedule 13D filed by Deltec International S.A. ("Deltec International") with the Securities and Exchange Commission on September 10, 1993, as amended and supplemented by Amendment No. 1 thereto filed on November 10, 1993 and Amendment No. 2 thereto filed on March 8, 1996, relating to the Common Stock, par value $1.00 per share (the "Shares"), of Dravo Corporation ("DRV"). ITEM 2. IDENTITY AND BACKGROUND Kikis Fusco Asset Management Corporation is now known as Kikis Asset Management Corporation ("KAM"). During the five years preceding the filing of this statement, except as otherwise described in Appendix I neither Deltec International, The Deltec Banking Corporation Limited ("Deltec Banking"), Deltec Panamerica Trust Company Limited ("Deltec Trust"), Depasa Corporation ("Depasa"), Deltec Asset Management Corporation ("Deltec Asset Management"), KAM, nor, to the knowledge of Deltec International, any of their respective executive officers or directors, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which it or any such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities Page 3 of 16 Pages subject to, United States federal or state securities laws or finding any violation with respect to such laws. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER As of the date of filing this statement, Deltec International may be deemed to own beneficially 729,700 Shares, or approximately 4.9% of the 14,764,000 Shares which DRV reported as outstanding at December 31, 1996. Deltec International ceased to own beneficially 5% of the Shares on October 22, 1996. Of the 729,700 Shares beneficially owned by Deltec International, 233,800 Shares are owned beneficially by Deltec International through Deltec Banking, 51,000 Shares are owned beneficially by Deltec International through Deltec Trust on behalf of discretionary customers of Deltec Trust, 17,000 Shares are owned beneficially by Deltec International through Deltec Asset Management on behalf of discretionary customers of Deltec Asset Management and 427,900 Shares are owned beneficially by Deltec International through KAM on behalf of discretionary customers of KAM. Deltec Trust, Deltec Asset Management and KAM have the power to vote and dispose of the Shares they hold for such discretionary customers, who may also be regarded as having the power to vote and dispose of such Shares. Deltec International disclaims beneficial ownership of such 495,900 Shares owned beneficially through Deltec Trust, Deltec Asset Management and KAM on behalf of discretionary customers. Page 4 of 16 Pages During the sixty days preceding the filing of this statement, Deltec International sold 13,000 Shares in the open market, as more particularly set forth in Appendix II. Of such Shares, 5,000 Shares were sold for discretionary customers of Deltec Trust and 8,000 Shares were sold for discretionary customers of KAM. In addition, during such period Deltec International purchased 10,000 Shares in the open market for discretionary customers of KAM, as more particularly set forth in Appendix II. Page 5 of 16 Pages Signature After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: February 6, 1997 DELTEC INTERNATIONAL S.A. By: /s/ Stephen Zuppello Stephen Zuppello Authorized Representative Page 6 of 16 Pages APPENDIX I DELTEC INTERNATIONAL S.A. DIRECTORS AND OFFICERS
PRINCIPAL NAME AND NAME OCCUPATION BUSINESS ADDRESS CITIZENSHIP Peter S. Darling Managing Director of Mercury Asset Mgmt. Group British Chairman Mercury Asset Mgmt. 33 King William Street Group London, England 3C2R 9AS Penelope Dauphinot Executive Vice Deltec International S.A. Brazilian Deputy Chairman; President of Deltec P. O. Box N-3229 Vice President International S.A. Nassau, Bahamas Matthew F. Gibbons President of Deltec Deltec International S.A. British President & CEO; International S.A. P. O. Box N-3229 Director Nassau, Bahamas David P. McNaughtan Chairman of Deltec Securities (U.K.) Ltd. British Director Deltec Securities Brettenham House (U.K.) Limited 5 Lancaster Place London, WC2E 7EN England Gordon Bradshaw Vice President & The Deltec Banking Canadian Treasurer Controller of Corporation Ltd. The Deltec Banking P. O. Box N-3229 Corporation Limited Nassau, Bahamas Stephanie E. Harding Secretary & Treasurer The Deltec Banking Bahamian Vice President & of The Deltec Corporation Ltd. Asst. Secretary Banking Corporation P. O. Box N-3229 Limited Nassau, Bahamas Arthur E. Byrnes Chairman of the Board Deltec Asset Mgmt. Corp. U.S. Director Deltec Asset Mgmt. 535 Madison Avenue Corporation New York, N.Y. 10022 Jean Chalopin Private investor c/o Deltec Int'l S.A. French Director P. O. Box N-3229 Nassau, Bahamas Maurice M. Dwek Private investor Soditic Finance F.A. British Director 114 rue du Rhone 1204 Geneva Switzerland
Page 7 of 16 Pages Albert H. Gordon Private investor c/o Deltec Asset Mgmt. Corp. U.S. Director 535 Madison Avenue New York, N.Y. 10022 John R. Gordon President & CEO of Deltec Asset Mgmt. Corp. U.S. Director Deltec Asset Mgmt. 535 Madison Avenue Corporation New York, N.Y. 10022 Kiendl Gordon Homemaker c/o Deltec Asset Mgmt. Corp. U.S. Director 535 Madison Avenue New York, N.Y. 10022 Peter T. Kikis Private investor c/o Kikis Asset Mgmt. Corp. U.S. Director 535 Madison Avenue New York, N.Y. 10022 J. Mario Santo Domingo Presidente del Cervecerias Bavaria S.A. Colombian Director Directorio (brewery) Bavaria, S.A. Apartado Aereo 3538 Bogota, Colombia Gustavo J. Vollmer, Jr.Industrialist Corpalmar Venezuelan Director (sugar mill) Edificio Banco Del Orinoco Pisoq, Ave.FCO De Miranda Sector La Floresta Caracas, Venezuela Gustavo J. Vollmer, Sr.Private investor Banco Mercantile C.A. Venezuelan Director Apartado 789 Caracas 1010, Venezuela Andre J. Feldman Executive Vice The Deltec Banking Bahamian Vice President President & COO of Corporation Ltd. & Secretary The Deltec Banking P. O. Box N-3229 Corporation Limited Nassau, Bahamas Terry E. Girling Chief Financial Deltec Panamerica Trust British Asst. Treasurer Officer of Deltec Company Limited Panamerica Trust P. O. Box N-3229 Company Limited Nassau, Bahamas
Page 8 of 16 Pages DELTEC PANAMERICA TRUST COMPANY LIMITED DIRECTORS AND OFFICERS
PRINCIPAL NAME AND NAME OCCUPATION BUSINESS ADDRESS CITIZENSHIP Matthew F. Gibbons President & CEO Deltec International S.A. British Chairman & Director of Deltec P. O. Box N-3229 International S.A. Nassau, Bahamas Jennifer E. Rahming Trust Officer of Deltec Panamerica Trust Bahamian Managing Director; Deltec Panamerica Company Limited Asst. Vice President; Trust Company P. O. Box N-3229 Director Limited Nassau, Bahamas Ella M. Thompson Secretary-Treasurer Deltec Panamerica Trust Bahamian Secretary-Treasurer of Deltec Panamerica Company Limited and Director Trust Company Limited P. O. Box N-3229 Nassau, Bahamas Penelope Dauphinot Executive Vice Deltec International S.A. Brazilian Director President of Deltec P. O. Box N-3229 International S.A Nassau, Bahamas Antonio Augusto de President of Deltec Holdings Inc. Portuguese Araujo Faria Guedes Deltec Holdings Inc. (real estate development) Director and Rua Alcides Lourenco Da Rocha Assistant Secretary 167-3 Andar Sao Paulo, Brazil CEP 04571-110 Andre J. Feldman Trust Services, Deltec Panamerica Trust Bahamian Director; Managing Deltec Panamerica Company Limited Director Trust Company Limited P.O. Box N-3229 Nassau, Bahamas Patricia N. Sandford Managing Director of Deltec Panamerica Trust U.S. Director; Managing Deltec Panamerica Company Limited Director Trust Company Limited P.O. Box N-3229 Nassau, Bahamas
Page 9 of 16 Pages THE DELTEC BANKING CORPORATION LIMITED DIRECTORS AND OFFICERS
PRINCIPAL NAME AND NAME OCCUPATION BUSINESS ADDRESS CITIZENSHIP Matthew F. Gibbons President & CEO of Deltec International S.A. British Chairman, President Deltec International S.A. P.O. Box N-3229 & CEO; Director Nassau, Bahamas Andre J. Feldman Chief Operating Officer The Deltec Banking Bahamian Executive Vice of The Deltec Banking Corporation Limited President & COO Corporation Limited P.O. Box N-3229 Nassau, Bahamas Jeffrey A. Williams Vice President of The Deltec Banking Bahamian Vice President The Deltec Banking Corporation Limited Corporation Limited P. O. Box N-3229 Nassau, Bahamas Stephanie E. Harding Secretary & Treasurer The Deltec Banking Bahamian Secretary & Treasurer of The Deltec Banking Corporation Limited Corporation Limited P. O. Box N-3229 Nassau, Bahamas Gordon Bradshaw Vice President & The Deltec Banking Canadian Vice President, Controller of The Corporation Limited Controller & Director Deltec Banking P. O. Box N-3229 Corporation Limited Nassau, Bahamas Antonio Augusto de President of Deltec Holdings Inc. Portuguese Araujo Faria Guedes Deltec Holdings Inc. (real estate development) Vice President and Rua Alcides Lourenco Da Rocha Director 167-3 Andar Sao Paulo, Brazil CEP 04571-110 Roland P. Malimpensa Vice President of Deltec Holdings Inc. Brazilian Director Deltec Holdings Inc. (real estate development) Rua Alcides Lourenco Da Rocha 167-3 Andar Sao Paulo, Brazil CEP 04571-110
Page 10 of 16 Pages Patricia N. Sandford Managing Director of Deltec Panamerica Trust U.S. Director Deltec Panamerica Company Limited Trust Company Limited P.O. Box N-3229 Nassau, Bahamas David P. McNaughtan Chairman of Deltec Securities (U.K.) British Director Deltec Securities Brettenham House (U.K.) Limited 5 Lancaster Place London, WC2E 7EN England Jennifer E. Rahming Trust Officer of The Deltec Banking Bahamian Vice President The Deltec Banking Corporation Limited Corporation Limited P.O. Box N-3229 Nassau, Bahamas Terry E. Girling Vice President of The Deltec Banking British Vice President The Deltec Banking Corporation Limited Corporation Limited P.O. Box N-3229 Nassau, Bahamas Page 11 of 16 Pages DEPASA CORPORATION DIRECTORS AND OFFICERS PRINCIPAL NAME AND NAME OCCUPATION BUSINESS ADDRESS CITIZENSHIP Arthur E. Byrnes Chairman of the Board Deltec Asset Mgmt. Corp. U.S. Chairman, President Deltec Asset Mgmt. 535 Madison Avenue & Director Corporation New York, N.Y. 10022 John A. Cento Senior Vice President Deltec Asset Mgmt. Corp. U.S. Vice President, Deltec Asset Mgmt. 535 Madison Avenue Treasurer & Director Corporation New York, N.Y. 10022 John R. Gordon President & CEO Deltec Asset Mgmt. Corp. U.S. Director Deltec Asset Mgmt. 535 Madison Avenue Corporation New York, N.Y. 10022 Elizabeth A. O'Reilly Secretary Deltec Asset Mgmt. Corp. U.S. Secretary Deltec Asset Mgmt. 535 Madison Avenue Corporation New York, N.Y. 10022 Stephen Zuppello CFO, COO & Managing Deltec Asset Mgmt. Corp. U.S. Vice President Director 535 Madison Avenue & Director Deltec Asset Mgmt. New York, N.Y. 10022 Corporation
Page 12 of 16 Pages DELTEC ASSET MANAGEMENT CORPORATION DIRECTORS AND OFFICERS
PRINCIPAL NAME AND NAME OCCUPATION BUSINESS ADDRESS CITIZENSHIP Arthur E. Byrnes Chairman of the Board Deltec Asset Mgmt. Corp. U.S. Chairman of the Board Deltec Asset Mgmt. 535 Madison Avenue & Director Corporation New York, N.Y. 10022 John R. Gordon President & CEO Deltec Asset Mgmt. Corp. U.S. President, CEO Deltec Asset Mgmt. 535 Madison Avenue & Director Corporation New York, N.Y. 10022 John A. Cento Senior Vice President Deltec Asset Mgmt. Corp. U.S. Senior Vice Presi- Deltec Asset Mgmt. 535 Madison Avenue dent, Treasurer Corporation New York, N.Y. 10022 & Director Stephen Zuppello COO, CFO & Managing Deltec Asset Mgmt. Corp. U.S. COO, CFO, Managing Director 535 Madison Avenue Director & Director Deltec Asset Mgmt. New York, N.Y. 10022 Corporation Stephen J. Albert Managing Director Deltec Asset Mgmt. Corp. U.S. Deltec Asset Mgmt. 535 Madison Avenue Corporation New York, N.Y. 10022 Robin R. Keller Managing Director Deltec Asset Mgmt. Corp. U.S. Deltec Asset Mgmt. 535 Madison Avenue Corporation New York, N.Y. 10022 Nancy D. Pundyk Managing Director Deltec Asset Mgmt. Corp. U.S. Deltec Asset Mgmt. 535 Madison Avenue Corporation New York, N.Y. 10022 Alan L. Werlau Managing Director Deltec Asset Mgmt. Corp. U.S. Deltec Asset Mgmt. 535 Madison Avenue Corporation New York, N.Y. 10022 Frank Codispoti Vice President Deltec Asset Mgmt. Corp. U.S. Deltec Asset Mgmt. 535 Madison Avenue Corporation New York, N.Y. 10022 Darys C. Estrella Vice President Deltec Asset Mgmt. Corp. Dominican Deltec Asset Mgmt. 535 Madison Avenue Republic Corporation New York, N.Y. 10022
Page 13 of 16 Pages Dana H. Harper Vice President Deltec Asset Mgmt. Corp. U.S. Deltec Asset Mgmt. 535 Madison Avenue Corporation New York, N.Y. 10022 Cricket B. Weaver Vice President Deltec Asset Mgmt. Corp. U.S. Deltec Asset Mgmt. 535 Madison Avenue Corporation New York, N.Y. 10022 James T. White Vice President Deltec Asset Mgmt. Corp. U.S. Deltec Asset Mgmt. 535 Madison Avenue Corporation New York, N.Y. 10022 Elizabeth A. O'Reilly Secretary Deltec Asset Mgmt. Corp. U.S. Secretary Deltec Asset Mgmt. 535 Madison Avenue Corporation New York, N.Y. 10022 James M. Colleary Assistant Secretary & Deltec Asset Mgmt. Corp. U.S. Assistant Treasurer Assistant Treasurer 535 Madison Avenue Assistant Secretary Deltec Asset Mgmt. New York, N.Y. 10022 Corporation Wolfgang Traber Managing Director Hanseatic Corp. German Director Hanseatic Corp. (investment company) 450 Park Avenue New York, N.Y. 10022
In an administrative proceeding entitled In the Matter of Deltec Asset Management Corp. f/k/a Deltec Securities Corp., the Securities and Exchange Commission entered an Order Instituting Public Administrative Proceedings Pursuant to Section 8A of the Securities Act of 1933 against Deltec Asset Management Corporation on November 8, 1994 and accepted Deltec Asset Management Corporation's Offer of Settlement. The Order found that Deltec Asset Management Corporation violated Sections 5(a) and 5(c) of the Securities Act in that Deltec Asset Management Corporation sold 1,200,000 shares of common stock of Cascade International, Inc. when no registration statement was filed or in effect and that no exemption from registration was available. Deltec Asset Management Corporation was ordered to cease and desist from committing or causing any future violation of Sections 5(a) and 5(c) of the Securities Act and to pay $731,277, the amount of its profits on the sales, into an escrow fund for distribution upon Court approval to qualified claimants in the class action entitled In re Cascade International Securities Litigation, No. 91-8652-Civ-Nesbitt (S.D. Fla.). Page 14 of 16 Pages KIKIS ASSET MANAGEMENT CORPORATION DIRECTORS AND OFFICERS
PRINCIPAL NAME AND NAME OCCUPATION BUSINESS ADDRESS CITIZENSHIP Thomas P. Kikis Director & CEO Kikis Asset Mgmt. U.S. Director Kikis Asset Corporation Mgmt. Corporation 535 Madison Avenue New York, N.Y. 10022
Page 15 of 16 Pages APPENDIX II SCHEDULE OF PURCHASES/SALES OF SHARES DURING THE PAST SIXTY DAYS DATE PURCHASE/SALE NUMBER OF SHARES PRICE PER SHARE - ---- ------------- ---------------- --------------- 1/3/97 Sale 5,000 14.00 1/7/97 Sale 3,000 14.125 1/16/97 Sale 5,000 13.343 1/27/97 Purchase 2,000 12.75 1/30/97 Purchase 8,000 12.75 Page 16 of 16 Pages -----END PRIVACY-ENHANCED MESSAGE-----