-----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, TzEg/pfTv6HSRdwa87NlSjKcrzIYxUdcZwUnHrARrZLqshplnAVp3OXdYad9YT8j 4hwKWH8o7q1fb6l1PYrjzg== 0000950129-96-000161.txt : 19960216 0000950129-96-000161.hdr.sgml : 19960216 ACCESSION NUMBER: 0000950129-96-000161 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960213 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: POWELL INDUSTRIES INC CENTRAL INDEX KEY: 0000080420 STANDARD INDUSTRIAL CLASSIFICATION: SWITCHGEAR & SWITCHBOARD APPARATUS [3613] IRS NUMBER: 880106100 STATE OF INCORPORATION: NV FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43757 FILM NUMBER: 96517422 BUSINESS ADDRESS: STREET 1: 8550 MOSLEY DR STREET 2: POST OFFICE BOX 12818 CITY: HOUSTON STATE: TX ZIP: 77075 BUSINESS PHONE: 7139446900 MAIL ADDRESS: STREET 2: 8550 MOSLEY DRIVE P O BOX 12818 CITY: HOUSTON STATE: TX ZIP: 77075 FORMER COMPANY: FORMER CONFORMED NAME: PROCESS SYSTEMS INC DATE OF NAME CHANGE: 19780926 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CHARTER BANCSHARES INC CENTRAL INDEX KEY: 0000718607 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 741967164 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 2600 CITADEL PLZ DR STREET 2: STE 600 CITY: HOUSTON STATE: TX ZIP: 77008 BUSINESS PHONE: 7136926121 MAIL ADDRESS: STREET 1: P O BOX 4525 STREET 2: 5150 NORTH SHEPARD ACCTG DEPT 77018 CITY: HOUSTON STATE: TX ZIP: 77210-4525 SC 13G/A 1 CHARTER NATIONAL BANK - AMD#2 TO SC 13 1 -------------------------- OMB APPROVAL OMB Number: 3235-0145 Expires: October 31, 1994 Estimated average burden hours per response..14.90 -------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2)* Powell Industries, Inc. - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock - ------------------------------------------------------------------------------- (Title of Class of Securities) 739128 -------------- (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: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class). (See Rule 13d-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). 2 - ------------------------- ------------------------- CUSIP No. 739128 13G Page 2 of 5 Pages - ------------------------- ------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Charter National Bank-Houston, as trustee for the Powell Industries, Inc. Employee Stock Ownership Trust and the Powell Industries, Inc. Frozen Employee Stock Ownership Trust (the "Trusts") - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Charter National Bank-Houston is a national banking association organized under the laws of the United States. The Trust is organized under the laws of Texas. - ------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------- 6 SHARED VOTING POWER BENEFICIALLY 817,332 OWNED BY ----------------------------------------------------- 7 SOLE DISPOSITIVE POWER EACH 0 REPORTING ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER PERSON WITH 817,332 - ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 817,332 - ------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* N/A - ------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.75% - ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * BK, EP - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! -2- 3 The filing of this Statement on Schedule 13G is made by Charter National Bank-Houston as trustee (the "Trustee") of the Powell Industries, Inc. Employee Stock Ownership Trust and the Powell Industries, Inc. Frozen Employee Stock Ownership Trust (the "Plans" or "Trusts") voluntarily and does not constitute, and should not be construed as, an admission that either the Trusts or the Trustee beneficially owns any securities covered they this Statement or is required to file this Statement for the Trusts and the Trustee. In this connection, the Trusts and the Trustee disclaim beneficial ownership of the securities covered by this Statement. Item 1(a). NAME OF ISSUER: Powell Industries, Inc. Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 8550 Mosley Drive Houston, Texas 77075 Item 2(a). NAME OF PERSON FILING: Charter National Bank-Houston, as trustee of the Powell Industries, Inc. Employee Stock Ownership Trust and the Powell Industries, Inc. Frozen Employee Stock Ownership Trust. Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE: 5433 Westheimer Houston, Texas 77251 Attention: Mr. Dennis Nelson Item 2(c). CITIZENSHIP OR PLACE OF ORGANIZATION The Trusts have been organized under the State of Texas. The Trustee is a national banking association organized under the laws of the United States. Item 2(d). TITLE OF CLASS OF SECURITIES Common Stock Item 2(e). CUSP NUMBER 739128 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or Dealer registered under Section 15 of the Act -3- 4 (b) [x] 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) [x] 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) [ ] 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) Item 4. OWNERSHIP (a) Amount Beneficially Owned: 817,332 (b) Percent of Class: 7.75% (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. . . . . . . . . . . . . . . . . 817,332(1) (iii) sole power to dispose or to direct the disposition of. . . . . . . . . . . . . . . 0 (iv) shared power to dispose or to direct the disposition of. . . . . . . . . . . 817,332(1) Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: Not applicable. - ------------------------ (1) Of such shares, 780,484 are held in the Powell Industries, Inc. Employee Stock Ownership Trust and 36,848 shares are held in the Powell Industries, Inc. Frozen Employee Stock Ownership Trust. Each participant in either of the Trusts or, if applicable, his beneficiary is entitled to direct to the Trustee as to the exercise of any voting or tendering rights attributable to shares of Common Stock then allocated to his ESOP Account. All allocated Common Stock as to which such instructions have been received (which may include an instruction to abstain) will be voted in accordance with such instructions. However, the Trustee will vote or tender any unallocated Common Stock in the Trusts, or any allocated Common Stock as to which no voting or tendering instructions have been received, in such manner as directed by the Administrative Committees of the respective Plans. As of December 31, 1995, 198,898 shares of Common Stock reported herein were allocated to the accounts of participants in the Powell Industries, Inc. Employee Stock Ownership Trust, and all 36,848 shares of Common Stock held by the Powell Industries, Inc. Frozen Employee Stock Ownership Trust were allocated to accounts of participants. -4- 5 Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: In accordance with the terms of the Plans, participants of the Plans are entitled to receive certain distributions of assets held by the Trusts. Such distributions may include dividends on or proceeds from the sale of shares of Common Stock. Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: Not applicable. Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: Not Applicable. 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 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 purposes or effect. After reasonable inquiry and to the best or my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 7, 1996 CHARTER NATIONAL BANK-HOUSTON, AS TRUSTEE OF THE POWELL INDUSTRIES, INC. EMPLOYEE STOCK OWNERSHIP TRUST AND THE POWELL INDUSTRIES, INC. FROZEN EMPLOYEE STOCK OWNERSHIP TRUST BY: /s/ -------------------------------------- NAME: Dennis W. Nelson TITLE: Vice President and Trust Officer -5- -----END PRIVACY-ENHANCED MESSAGE-----