-----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, Kl6dKoHDRACAlokxnl/cVPBOo1lAngqtNrMbDUz7stQrry0msZXCSwOCYM+3Zaif ND+BJDzf5c5q9Tlx9RYTqQ== 0000914039-97-000034.txt : 19970222 0000914039-97-000034.hdr.sgml : 19970222 ACCESSION NUMBER: 0000914039-97-000034 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19970214 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EXCEL INDUSTRIES INC CENTRAL INDEX KEY: 0000740868 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 351551685 STATE OF INCORPORATION: IN FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-37601 FILM NUMBER: 97534267 BUSINESS ADDRESS: STREET 1: 1120 N MAIN ST STREET 2: P O BOX 3118 CITY: ELKHART STATE: IN ZIP: 46515-3118 BUSINESS PHONE: 2192642131 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CIGNA CORP CENTRAL INDEX KEY: 0000701221 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 061059331 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: ONE LIBERTY PL 1650 MARKET ST STREET 2: P O BOX 7716 CITY: PHILADELPHIA STATE: PA ZIP: 19192-1550 BUSINESS PHONE: 2157611000 SC 13G/A 1 AMENDMENT # 2 TO SCHEDULE 13G 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of l934 (Amendment No. 2 )* Excel Industries, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, no par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 300657 10 3 - -------------------------------------------------------------------------------- (CUSIP Number) Check the following box if a fee is being paid with this statement / /. (A fee is not required only if the filing person: (l) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item l; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (see Rule l3d-7.) *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 the disclosures provided in a prior cover page. 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 (however, see the Notes). Page 1 of 6 Pages 2 CUSIP No. 300657 10 3 13G ------------------- - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons CIGNA Corporation 06-1059331 - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- (5) Sole Voting Power 0 Number of Shares ------------------------------------------------------------ Beneficially (6) Shared Voting Power 1,111,272 Owned by Each ------------------------------------------------------------ Reporting (7) Sole Dispositive Power 0 Person With ------------------------------------------------------------ (8) Shared Dispositive Power 1,111,272 - -------------------------------------------------------------------------------- 9) Aggregate Amount Beneficially Owned by Each Reporting Person 1,111,272 - -------------------------------------------------------------------------------- 10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ( ) - -------------------------------------------------------------------------------- 11) Percent of Class Represented by Amount in Row 9 9.4% - -------------------------------------------------------------------------------- 12) Type of Reporting Person (See Instructions) HC, CO - -------------------------------------------------------------------------------- Page 2 of 6 Pages 3 13G ITEM 1(a) Name of Issuer: Excel Industries, Inc. -------------------------------------------------------------- ITEM 1(b) Address of Issuer's Principal Executive Offices: 1120 North Main Street, Elkhart, IN 46514 - -------------------------------------------------------------------------------- ITEM 2(a) Name of Person Filing: CIGNA Corporation --------------------------------------------------------- ITEM 2(b) Address of Principal Business Office or, if none, Residence: One Liberty Place, Philadelphia, PA 19192 - -------------------------------------------------------------------------------- ITEM 2(c) Citizenship: Delaware ------------------------------------------------------------------- ITEM 2(d) Title of Class of Securities: Common Stock, no par value -------------------------------------------------- ITEM 2(e) CUSIP Number: 300657 10 3 ------------------------------------------------------------------- ITEM 3 If this statement is filed pursuant to Rules l3d-l(b), or 13d-2(b), check whether the person filing is a: (a) [ ] Broker or Dealer registered under Section 15 of the Act (b) [ ] Bank as defined in section 3(a)(6) of the Act (c) [ ] Insurance Company as defined in section 3(a)(19) of the Act (d) [ ] Investment Company registered under section 8 of the Investment Company Act (e) [ ] Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see Section 240.13d-1(b)(1)(ii)(F) (g) [X] Parent Holding Company, in accordance with Section 240.13d-1(b)(ii)(G) (Note: See Item 7) (h) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(H) Page 3 of 6 Pages 4 13G ITEM 4 Ownership. The following ownership information is provided as of December 31, 1996. 1,109,934 of the shares of Common Stock reported below are not currently outstanding but may be acquired by conversion of the 10.00% Convertible Subordinated Notes due December 1, 2000 of Excel Industries, Inc. ("Notes") which are beneficially owned by the reporting person. (a) Amount Beneficially Owned: 1,111,272 ----------------------------------------------------------------- (b) Percent of Class: 9.4% ----------------------------------------------------------------- (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 0 ---------------- (ii) shared power to vote or to direct the vote 1,111,272* -------------- (iii) sole power to dispose or to direct the disposition of 0 ---- (iv) shared power to dispose or to direct the disposition of 1,111,272* ------------------------------------------ *See attached Exhibit ITEM 5 Ownership of Five Percent or Less of a Class. Not Applicable ITEM 6 Ownership of More than Five Percent on Behalf of Another Person. Not Applicable ITEM 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit ITEM 8 Identification and Classification of Members of the Group. Not Applicable Page 4 of 6 Pages 5 13G ITEM 9 Notice of Dissolution of Group. Not Applicable ITEM 10 Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. 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 14, 1997 - -------------------------------------------------------------------------------- Date /s/ Kathryn Pietrowiak - -------------------------------------------------------------------------------- Signature Kathryn Pietrowiak, Assistant Corporate Secretary - -------------------------------------------------------------------------------- Name/Title Page 5 of 6 Pages EX-99 2 EXHIBIT 99 1 13G EXHIBIT CIGNA Corporation ("CIGNA") is filing this Schedule 13G as the ultimate parent company of the following wholly-owned subsidiaries. CIGNA may be deemed to have shared voting power and shared dispositive power with respect to the shares of Common Stock beneficially owned by such entities:
Nature of Item 3 Identity Beneficial Ownership Classification Connecticut General Life Direct owner of Notes IC Insurance Company convertible into 515,578 shares of Common Stock Indirect owner of 1,338* shares of Common Stock Life Insurance Company Direct owner of Notes IC of North America convertible into 85,930 shares of Common Stock CIGNA Investment Advisory Indirect through performance IA Company, Inc. of investment management activities for above direct owners CIGNA Investments, Inc. Indirect through performance IA of investment management activities for CIGNA Mezzanine Partners II, L.P. ("CMP"), the direct owner of Notes covertible into 508,426 shares of Common Stock**
* As owner of units of the Barclay's Global Investors Extended Equity Market Fund. CIGNA disclaims beneficial ownership of these shares. ** Ownership of these Notes has also been reported in the Schedule 13D, as amended, filed by CMP, which has ceased to be the beneficial owner of more than 5% of the outstanding Common Stock. Page 6 of 6 Pages -----END PRIVACY-ENHANCED MESSAGE-----