SC 13D/A 1 dsc13da.txt SCHEDULE 13D - AMENDMENT NO. 2 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a) (AMENDMENT NO. 2) ________________ ABC-NACO Inc. (Name of Issuer) COMMON STOCK, $.01 PAR VALUE (Title of Class of Securities) 000752105 Brian P. Friedman FS Private Investments LLC FS Private Investments III LLC 520 Madison Avenue, 8/th/ Floor New York, New York 10022 (212) 284-1700 (CUSIP Number)(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) With a Copy to: Carmen J. Romano, Esquire Dechert 4000 Bell Atlantic Tower 1717 Arch Street Philadelphia, Pennsylvania 19103 (215) 994-4000 June 25 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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box / /. Note: Schedules filed in paper format shall include a signed original and five copies of the Schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. 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). SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP NO. 000752105 Page 1 ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) FS Private Investments LLC 13-3940694 ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 AF ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 2,654,444 shares of Common Stock issuable upon the OWNED BY conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 2,989,800 EACH shares of Common Stock issuable upon the conversion of 74,745 shares of Series C Cumulative Convertible REPORTING Participating Preferred Stock and 2,989,800 Warrants for Common Stock PERSON ----------------------------------------------------------- SOLE DISPOSITIVE POWER WITH 9 0 ----------------------------------------------------------- SHARED DISPOSITIVE POWER 10 2,654,444 shares of Common Stock issuable upon the conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 2,989,800 shares of Common Stock issuable upon the conversion of 74,745 shares of Series C Cumulative Convertible Participating Preferred Stock and 2,989,800 Warrants for Common Stock ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,654,444 shares of Common Stock issuable upon the conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 2,989,800 shares of Common Stock issuable upon the conversion of 74,745 shares of Series C Cumulative Convertible Participating Preferred Stock and 2,989,800 Warrants for Common Stock ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 23.2% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 OO ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP NO. 000752105 Page 2 ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Furman Selz Investors II L.P. 13-3937561 ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 OO ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 2,340,039 shares of Common Stock issuable upon the OWNED BY conversion of 139,304 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 2,635,800 EACH shares of Common Stock issuable upon the conversion of 65,895 shares of Series C Cumulative Convertible REPORTING Participating Preferred Stock and 2,635,800 Warrants for Common Stock PERSON ----------------------------------------------------------- SOLE DISPOSITIVE POWER WITH 9 0 ----------------------------------------------------------- SHARED DISPOSITIVE POWER 10 2,340,039 shares of Common Stock issuable upon the conversion of 139,304 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 2,635,800 shares of Common Stock issuable upon the conversion of 65,895 shares of Series C Cumulative Convertible Participating Preferred Stock and 2,635,800 Warrants for Common Stock ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,340,039 shares of Common Stock issuable upon the conversion of 139,304 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 2,635,800 shares of Common Stock issuable upon the conversion of 65,895 shares of Series C Cumulative Convertible Participating Preferred Stock and 2,635,800 Warrants for Common Stock ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 20.5% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 PN ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP NO. 000752105 Page 3 ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). FS Employee Investors LLC 13-3937563 ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 OO ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware ------------------------------------------------------------------------------ SOLE VOTING POWER 7 0 NUMBER OF ----------------------------------------------------------- SHARED VOTING POWER SHARES 8 200,558 shares of Common Stock issuable upon the BENEFICIALLY conversion of 11,939 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 225,600 OWNED BY shares of Common Stock issuable upon conversion of 5,640 shares of Series C Cumulative Convertible EACH Participating Preferred Stock and 225,600 Warrants for Common Stock REPORTING ----------------------------------------------------------- SOLE DISPOSITIVE POWER PERSON 9 WITH 0 ----------------------------------------------------------- SHARED DISPOSITIVE POWER 10 200,558 shares of Common Stock issuable upon the conversion of 11,939 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 225,600 shares of Common Stock issuable upon conversion of 5,640 shares of Series C Cumulative Convertible Participating Preferred Stock and 225,600 Warrants for Common Stock ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 200,558 shares of Common Stock issuable upon the conversion of 11,939 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 225,600 shares of Common Stock issuable upon the conversion of 5,640 shares of Series C Cumulative Convertible Participating Preferred Stock and 225,600 Warrants for Common Stock ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 12 ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 1.8% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 OO ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP NO. 000752105 Page 4 ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). FS Parallel Fund L.P. 13-3974766 ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 OO ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware ------------------------------------------------------------------------------ SOLE VOTING POWER 7 0 NUMBER OF ----------------------------------------------------------- SHARES SHARED VOTING POWER 8 BENEFICIALLY 113,846 shares of Common Stock issuable upon the conversion of 6,777 shares of Series B-1 Cumulative OWNED BY Convertible Participating Preferred Stock, 128,400 shares of Common Stock issuable upon conversion of EACH 3,210 shares of Series C Cumulative Convertible Participating Preferred Stock and 128,400 Warrants for REPORTING Common Stock ----------------------------------------------------------- PERSON SOLE DISPOSITIVE POWER 9 WITH 0 ----------------------------------------------------------- SHARED DISPOSITIVE POWER 10 113,846 shares of Common Stock issuable upon the conversion of 6,777 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 128,400 shares of Common Stock issuable upon conversion of 3,210 shares of Series C Cumulative Convertible Participating Preferred Stock and 128,400 Warrants for Common Stock ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 113,846 shares of Common Stock issuable upon the conversion of 6,777 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 128,400 shares of Common Stock issuable upon the conversion of 3,210 shares of Series C Cumulative Convertible Participating Preferred Stock and 128,400 Warrants for Common Stock ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 12 ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 1.0% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 PN ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP NO. 000752105 Page 5 ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Furman Selz Investments II L.L.C. 13-3937560 ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 OO ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 2,654,444 shares of Common Stock issuable upon the OWNED BY conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 2,989,800 EACH shares of Common Stock issuable upon the conversion of 74,745 shares of Series C Cumulative Convertible REPORTING Participating Preferred Stock and 2,989,800 Warrants for Common Stock PERSON --------------------------------------------------------- SOLE DISPOSITIVE POWER WITH 9 0 ----------------------------------------------------------- SHARED DISPOSITIVE POWER 10 2,654,444 shares of Common Stock issuable upon the conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 2,989,800 shares of Common Stock issuable upon the conversion of 74,745 shares of Series C Cumulative Convertible Participating Preferred Stock and 2,989,800 Warrants for Common Stock ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,654,444 shares of Common Stock issuable upon the conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 2,989,800 shares of Common Stock issuable upon the conversion of 74,745 shares of Series C Cumulative Convertible Participating Preferred Stock and 2,989,800 Warrants for Common Stock ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 23.2% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 OO ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP NO. 000752105 Page 6 ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). FS Private Investments III LLC 13-4127833 ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 AF ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 2,654,444 shares of Common Stock issuable upon the OWNED BY conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 2,989,800 EACH shares of Common Stock issuable upon the conversion of 74,745 shares of Series C Cumulative Convertible REPORTING Participating Preferred Stock and 2,989,800 Warrants for Common Stock PERSON ----------------------------------------------------------- WITH SOLE DISPOSITIVE POWER 9 0 ----------------------------------------------------------- SHARED DISPOSITIVE POWER 10 2,654,444 shares of Common Stock issuable upon the conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 2,989,800 shares of Common Stock issuable upon the conversion of 74,745 shares of Series C Cumulative Convertible Participating Preferred Stock and 2,989,800 Warrants for Common Stock ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,654,444 shares of Common Stock issuable upon the conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 2,989,800 shares of Common Stock issuable upon the conversion of 74,745 shares of Series C Cumulative Convertible Participating Preferred Stock and 2,989,800 Warrants for Common Stock ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 23.2% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 OO ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP NO. 000752105 Page 7 ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) ING Furman Selz Investors III LLC 13-4121999 ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS 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 Delaware ------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 0 ------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 1,849,603 shares of Common Stock issuable upon the EACH conversion of 110,108 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 2,083,200 REPORTING shares of Common Stock issuable upon the conversion of 52,080 shares of Series C Cumulative Convertible PERSON WITH Participating Preferred Stock and 2,083,200 Warrants for Common Stock ------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,849,603 shares of Common Stock issuable upon the conversion of 110,108 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 2,083,200 shares of Common Stock issuable upon the conversion of 52,080 shares of Series C Cumulative Convertible Participating Preferred Stock and 2,083,200 Warrants for Common Stock ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,849,603 shares of Common Stock issuable upon the conversion of 110,108 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 2,083,200 shares of Common Stock issuable upon the conversion of 52,080 shares of Series C Cumulative Convertible Participating Preferred Stock and 2,083,200 Warrants for Common Stock ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.2% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON PN ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP NO. 000752105 Page 8 ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) ING Barings U.S. Leveraged Equity Plan LLC 13-4127834 ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS 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 Delaware ------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 0 ------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 562,483 shares of Common Stock issuable upon the EACH conversion of 33,485 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 633,600 REPORTING shares of Common Stock issuable upon the conversion of 15,840 shares of Series C Cumulative Convertible PERSON WITH Participating Preferred Stock and 633,600 Warrants for Common Stock ------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 562,483 shares of Common Stock issuable upon the conversion of 33,485 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 633,600 shares of Common Stock issuable upon the conversion of 15,840 shares of Series C Cumulative Convertible Participating Preferred Stock and 633,600 Warrants for Common Stock ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 562,483 shares of Common Stock issuable upon the conversion of 33,485 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 633,600 shares of Common Stock issuable upon the conversion of 15,840 shares of Series C Cumulative Convertible Participating Preferred Stock and 633,600 Warrants for Common Stock ------------------------------------------------------------------------------ 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 OO ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP NO. 000752105 Page 9 ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). ING Barings Global Leveraged Equity Plan Ltd. ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 OO ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Bermuda ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 242,357 shares of Common Stock issuable upon the conversion of 14,428 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 273,000 shares of Common Stock issuable upon the conversion of 6,825 shares of Series C Cumulative Convertible Participating Preferred Stock and 273,000 Warrants OWNED BY for Common Stock ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 242,357 shares of Common Stock issuable upon the conversion of 14,428 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 273,000 shares of Common Stock issuable upon the conversion of 6,825 shares of Series C Cumulative Convertible Participating Preferred Stock and 273,000 Warrants for Common Stock ------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 242,357 shares of Common Stock issuable upon the conversion of 14,428 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 273,000 shares of Common Stock issuable upon the conversion of 6,825 shares of Series C Cumulative Convertible Participating Preferred Stock and 273,000 Warrants for Common Stock ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 2.1% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 CO ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP NO. 000752105 Page 10 ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). ING Furman Selz Investments III LLC 13-41278376 ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 OO ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 2,654,444 shares of Common Stock issuable upon the conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 2,989,800 shares of Common Stock issuable upon the conversion of 74,745 shares of Series C Cumulative Convertible Participating Preferred Stock and 2,989,800 Warrants OWNED BY for Common Stock ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 2,654,444 shares of Common Stock issuable upon the conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 2,989,800 shares of Common Stock issuable upon the conversion of 74,745 shares of Series C Cumulative Convertible Participating Preferred Stock and 2,989,800 Warrants for Common Stock ------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,654,444 shares of Common Stock issuable upon the conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 2,989,800 shares of Common Stock issuable upon the conversion of 74,745 shares of Series C Cumulative Convertible Participating Preferred Stock and 2,989,800 Warrants for Common Stock ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 23.2% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 OO ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP NO. 000752105 Page 11 ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). ING Furman Selz Asset Management LLC 13-4038444 ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 WC ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 5,308,887 shares of Common Stock issuable upon the conversion of 316,041 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 5,979,600 shares of Common Stock issuable upon the conversion of 149,490 shares of Series C Cumulative Convertible Participating Preferred Stock and 5,979,600 Warrants OWNED BY for Common Stock ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 5,308,887 shares of Common Stock issuable upon the conversion of 316,041 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 5,979,600 shares of Common Stock issuable upon the conversion of 149,490 shares of Series C Cumulative Convertible Participating Preferred Stock and 5,979,600 Warrants for Common Stock ------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 5,308,887 shares of Common Stock issuable upon the conversion of 316,041 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 5,979,600 shares of Common Stock issuable upon the conversion of 149,490 shares of Series C Cumulative Convertible Participating Preferred Stock and 5,979,600 Warrants for Common Stock ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 46.4% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 OO ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP NO. 000752105 Page 12 ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). ING (U.S.) Financial Holdings Corporation 51-0262561 ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS AF ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY ----------------------------------------------------------- EACH REPORTING 8 SHARED VOTING POWER PERSON WITH 5,308,887 shares of Common Stock issuable upon the conversion of 316,041 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 5,979,600 shares of Common Stock issuable upon the conversion of 149,490 shares of Series C Cumulative Convertible Participating Preferred Stock and 5,979,600 Warrants for Common Stock ----------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 5,308,887 shares of Common Stock issuable upon the conversion of 316,041 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 5,979,600 shares of Common Stock issuable upon the conversion of 149,490 shares of Series C Cumulative Convertible Participating Preferred Stock and 5,979,600 Warrants for Common Stock ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,308,887 shares of Common Stock issuable upon the conversion of 316,041 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 5,979,600 shares of Common Stock issuable upon the conversion of 149,490 shares of Series C Cumulative Convertible Participating Preferred Stock and 5,979,600 Warrants for Common Stock ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 46.4% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON CO ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP NO. 000752105 Page 13 ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) ING Bank N.V. ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS AF ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION The Netherlands ------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------- REPORTING 8 SHARED VOTING POWER PERSON WITH 5,308,887 shares of Common Stock issuable upon the Conversion of 316,041 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 5,979,600 shares of Common Stock issuable upon the conversion of 149,490 shares of Series C Cumulative Convertible Participating Preferred Stock and 5,979,600 Warrants for Common Stock ----------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 5,308,887 shares of Common Stock issuable upon the Conversion of 316,041 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 5,979,600 shares of Common Stock issuable upon the conversion of 149,490 shares of Series C Cumulative Convertible Participating Preferred Stock and 5,979,600 Warrants for Common Stock ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,308,887 shares of Common Stock issuable upon the conversion of 316,041 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 5,979,600 shares of Common Stock issuable upon the conversion of 149,490 shares of Series C Cumulative Convertible Participating Preferred Stock and 5,979,600 Warrants for Common Stock ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 46.4% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON BK ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP NO. 000752105 Page 14 ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) ING Groep N.V. ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS AF ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION The Netherlands ------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY ----------------------------------------------------------- EACH REPORTING 8 SHARED VOTING POWER PERSON WITH 5,308,887 shares of Common Stock issuable upon the conversion of 316,041 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 5,979,600 shares of Common Stock issuable upon the conversion of 149,490 shares of Series C Cumulative Convertible Participating Preferred Stock and 5,979,600 Warrants for Common Stock ----------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 5,308,887 shares of Common Stock issuable upon the conversion of 316,041 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 5,979,600 shares of Common Stock issuable upon the conversion of 149,490 shares of Series C Cumulative Convertible Participating Preferred Stock and 5,979,600 Warrants for Common Stock ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,308,887 shares of Common Stock issuable upon the conversion of 316,041 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 5,979,600 shares of Common Stock issuable upon the conversion of 149,490 shares of Series C Cumulative Convertible Participating Preferred Stock and 5,979,600 Warrants for Common Stock ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 46.4% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON IC ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP NO. 000752105 Page 15 ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Brian P. Friedman ###-##-#### ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 AF ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 5,308,887 shares of Common Stock issuable upon the conversion of 316,041 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 5,979,600 shares of Common Stock issuable upon the conversion of 149,490 shares of Series C Cumulative Convertible Participating Preferred Stock and 5,979,600 Warrants for Common Stock OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 5,308,887 shares of Common Stock issuable upon the conversion of 316,041 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 5,979,600 shares of Common Stock issuable upon the conversion of 149,490 shares of Series C Cumulative Convertible Participating Preferred Stock and 5,979,600 Warrants for Common Stock ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 5,308,887 shares of Common Stock issuable upon the conversion of 316,041 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 5,979,600 shares of Common Stock issuable upon the conversion of 149,490 shares of Series C Cumulative Convertible Participating Preferred Stock and 5,979,600 Warrants for Common Stock ------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 46.4% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 IN ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP NO. 000752105 Page 16 ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). James L. Luikart ###-##-#### ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 AF ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 5,308,887 shares of Common Stock issuable upon the conversion of 316,041 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 5,979,600 shares of Common Stock issuable upon the conversion of 149,490 shares of Series C Cumulative Convertible Participating Preferred Stock and 5,979,600 Warrants for Common Stock OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 5,308,887 shares of Common Stock issuable upon the conversion of 316,041 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 5,979,600 shares of Common Stock issuable upon the conversion of 149,490 shares of Series C Cumulative Convertible Participating Preferred Stock and 5,979,600 Warrants for Common Stock ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 5,308,887 shares of Common Stock issuable upon the conversion of 316,041 shares of Series B-1 Cumulative Convertible Participating Preferred Stock, 5,979,600 shares of Common Stock issuable upon the conversion of 149,490 shares of Series C Cumulative Convertible Participating Preferred Stock and 5,979,600 Warrants for Common Stock ------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 46.4% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 IN ------------------------------------------------------------------------------ SCHEDULE 13D This Amendment No. 2 to Schedule 13D ("Amendment No. 2") relates to a Schedule 13D filed on March 8, 2000 ("Schedule 13D") and an Amendment No. 1 to Schedule 13D filed on May 17, 2001 ("Amendment No. 1") with the Securities and Exchange Commission ("SEC"). This Amendment No. 2 amends and supplements Schedule 13D and Amendment No. 1. ITEM 1. SECURITY AND ISSUER. This statement on Schedule 13D relates to shares of common stock, par value $.01 per share (the "Common Stock"), of ABC-NACO Inc., a Delaware corporation (the "Company") which has its principal executive offices at 2001 Butterfield Road, Suite 502, Downers Grove, Illinois 60515. FS Private Investments LLC ("Private Investments"), Furman Selz Investors II L.P. ("Investors"), FS Employee Investors LLC ("Employee Investors"), FS Parallel Fund L.P. ("Parallel Fund"), Furman Selz Investments II LLC ("FS Investments II"), FS Private Investments III LLC ("Private Investments III"), ING Furman Selz Investors III LP ("Investors III"), ING Barings U.S. Leveraged Equity Plan LLC ("Barings U.S."), ING Barings Global Leveraged Equity Plan Ltd. ("Barings Global") and ING Furman Selz Investments III LLC ("Investments III") have exchanged all of their shares of Series B Cumulative Convertible Preferred Stock (the "Series B Preferred Stock") for shares of Series B-1 Cumulative Convertible Participating Preferred Stock, par value $1.00 per share (the "Series B-1 Preferred Stock") and purchased shares of Series C Cumulative Convertible Participating Preferred Stock, par value $1.00 per share (the "Series C Preferred Stock") of the Company, both of which are convertible into shares of Common Stock. In connection with the purchase of the Series C Preferred Stock, these entities have also received immediately exercisable warrants to purchase Common Stock. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The response set forth in Item 3 of Schedule 13D and Amendment No. 1 is hereby amended and supplemented by the following information: Pursuant to the Series C Preferred Stock Purchase Agreement (as defined in Item 4), Investors, Employee Investors, Parallel Fund, Investors III, Barings U.S. and Barings Global paid the Company $14,949,000.00 to purchase the Series C Preferred Stock and warrants. None of the proceeds used to purchase the securities were provided through borrowings of any nature. ITEM 4. PURPOSE OF TRANSACTION. The response set forth in Item 4 of Schedule 13D and Amendment No. 1 is hereby amended and supplemented by the following information: The Series C Preferred Stock was acquired for investment purposes. The reporting persons intend to review on a continuing basis their investment in the Company and the Company's business, prospects and financial condition. Based on such continuing review, -17- alternative investment opportunities available to the reporting persons and all other factors deemed relevant (including, without limitation the market for and price of Common Stock, offers for shares of the Common Stock, general economic conditions and other future developments), the reporting persons may decide to convert all or part of the Series C Preferred Stock, or sell or seek the sale of all or part of the Series C Preferred Stock. Pursuant to the Series C Preferred Stock and Common Stock Warrant Purchase Agreement dated April 17, 2001 (the Series C Stock Purchase Agreement") by and among ABC-NACO Inc. and the entities listed on Exhibit A thereto (the --------- "Investors"), the Company issued 150,000 shares of Series C Preferred Stock, all of which were purchased by the Investors. The Investors also received 6,000,000 immediately exercisable warrants to purchase Common Stock at a price of $.01 per share and 6,000,000 warrants to purchase Common Stock at a price of $.01 per share, exercisable at a later date. The issuance of the Series C Preferred Stock constitutes a material change in the capitalization of the Company. If the Series C Preferred Stock is converted, in whole or in part, there could be a material change in the capitalization of the Company. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. The response set forth in Item 5 of Schedule 13D and Amendment No. 1 is hereby amended and supplemented by the following information: (a) - (b)
NUMBER OF PERCENT SHARES TO BE OF SHARED SHARED BENEFICIALLY COMMON VOTING INVESTMENT NAME OWNED STOCK POWER POWER ----------------------- ------------ --------- ----------- -------- Private Investments 8,634,044 23.2 8,634,044 8,634,044 Investors 7,611,640 20.5 7,611,640 7,611,640 Employee Investors 651,758 1.8 651,758 651,758 Parallel Fund 370,646 1.0 370,646 370,646 FS Investments II 8,634,044 23.2 8,634,044 8,634,044 Private Investments III 8,634,044 23.2 8,634,044 8,634,044 Investors III 6,016,003 16.2 6,016,003 6,016,003 Barings U.S. 1,829,683 4.9 1,829,683 1,829,683 Barings Global 788,357 2.1 788,357 788,357
-18-
NUMBER OF PERCENT SHARES TO BE OF SHARED SHARED BENEFICIALLY COMMON VOTING INVESTMENT NAME OWNED STOCK POWER POWER ----------------------- ------------ --------- ----------- -------- Investments III 8,634,044 23.2 8,634,044 8,634,044 ING FS Management 17,268,087 46.4 17,268,087 17,268,087 ING U.S. 17,268,087 46.4 17,268,087 17,268,087 NG Bank 17,268,087 46.4 17,268,087 17,268,087 ING Groep 17,268,087 46.4 17,268,087 17,268,087 Brian P. Friedman 17,268,087 46.4 17,268,087 17,268,087 James L. Luikart 17,268,087 46.4 17,268,087 17,268,087
As of May 2, 2001, the Company had 19,872,242 shares of Common Stock outstanding. (b) See the answer to Item 2 hereof. (c) Other than the transactions described herein, no transactions by any of the reporting persons required to be reported by this Item have taken place in the last sixty (60) days. (d) The limited partners of the Investors and Parallel Fund and the members of Employee Investors, Barings U.S. and Investors III and the manager of Barings Global have the right to receive dividends from, or proceeds from the sale of, all or some of the Series C Preferred Stock or all or some of the Common Stock after conversion of the Preferred Stock. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. The response set forth in Item 6 of Schedule 13D and Amendment No. 1 is hereby amended and supplemented by the following information: As contemplated by the Series C Stock Purchase Agreement, the Board of Directors of the Company approved and adopted a Certificate of Designation, Preferences and Rights (the "Series C Certificate") to create the Series C Preferred Stock. The Series C Certificate provides that dividends shall be cumulative at a rate of 10% per annum. Dividends shall accrue daily and be payable semi-annually, except that the Company is entitled to defer the first two years' dividends and pay such deferred dividends on the second anniversary of the date of original issuance of the Series C Preferred Stock. If the Company fails to pay a dividend when due, the dividend rate will increase to 15% per annum. The Series C Certificate provides that the holders of each share of Series C Preferred Stock shall be entitled to vote for the election of Directors to the Corporation's Board of Directors. Each share of Series C Preferred Stock shall be entitled to cast a number of votes equal to the number of shares of Common Stock into which it could be converted. The Series C Certificate also provides that upon the occurrence of an event or transaction that could result in a Change of Control, as defined in the Series C -19- Certificate, the holders of Series C Preferred Stock shall have the right to cause the Corporation to redeem all of such holder's then outstanding shares of Series C Preferred Stock in exchange for the number of shares of Common Stock into which it could be converted or its cash conversion amount, as set forth in the Series C Certificate. The Series C Certificate provides that the Series C Preferred Stock is initially convertible into shares of Common Stock of the Company at a conversion price of $2.50, but may be adjusted from time to time as set forth in the Series C Certificate. At any time after the third anniversary of the date of the original issuance of the Series C Preferred Stock, all of the shares of Series C Preferred Stock shall, at the option of the Company, automatically be converted into shares of Common Stock if certain conditions are met. Pursuant to the Series C Stock Purchase Agreement, the Company issued 150,000 shares of Series C Preferred Stock, all of which was purchased by the Investors and James Dowling, as set forth in Item 4. Private Investments is the manager of each of Investors, Employee Investors and Parallel Fund. The general partner of each of Investors and Parallel Fund and the managing member of Employee Investors have delegated all relevant rights to Private Investments. Private Investments III is the manager of each of Investors III, Barings U.S. and Barings Global. The general partner of Investors III, the sole managing member of Barings U.S. and the manager of Barings Global have delegated all relevant rights to Private Investments III. Brian P. Friedman and James L. Luikart are the managing members of Private Investments and Private Investments III. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. A. Joint Reporting Agreement and Power of Attorney on Behalf of Each Reporting Person dated March 20, 2000 (incorporated by reference to the Schedule 13 D/A filed May 17, 2001). B. Joint Reporting Agreement and Power of Attorney on Behalf of Each Reporting Person dated May 14, 2001 (incorporated by reference to the Schedule 13 D/A filed May 17, 2001). C. Certificate of Designation, Preferences and Rights of Series C Cumulative Convertible Preferred Stock. D. Series C Preferred Stock and Common Stock Warrant Purchase Agreement dated April 17, 2001 by and among ABC-NACO Inc., and the Investors set forth therein. -20- SIGNATURES 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. Dated: June 28, 2001 FURMAN SELZ INVESTORS II L.P. FS EMPLOYEE INVESTORS LLC FS PARALLEL FUND L.P. By: FS PRIVATE INVESTMENTS LLC By: /s/* ------------------------------- Name: James L. Luikart Title: Managing Member FS PRIVATE INVESTMENTS LLC By: /s/* ------------------------------- Name: James L. Luikart Title: Managing Member FURMAN SELZ INVESTMENTS II LLC By: /s/** ------------------------------- Name: James L. Luikart Title: Executive Vice President -21- ING FURMAN SELZ INVESTORS III LP ING BARINGS U.S. LEVERAGED EQUITY PLAN LLC ING BARINGS GLOBAL LEVERAGED EQUITY PLAN LTD. BY: FS PRIVATE INVESTMENTS III LLC By: /s/* ------------------------------- Name: James L. Luikart Title: Managing Member FS PRIVATE INVESTMENTS III LLC By: /s/* ------------------------------- Name: James L. Luikart Title: Managing Member ING FURMAN SELZ INVESTMENTS III LLC By: /s/** --------------------------------- Name: James L. Luikart Title: Executive Vice President ING FURMAN SELZ ASSET MANAGEMENT LLC By: /s/** --------------------------------- Name: Robert J. Miller Title: Executive Vice President ING (U.S.) FINANCIAL HOLDINGS CORPORATION By: /s/** ------------------------------- Name: Andrew Druch Title: Secretary -22- ING BANK N.V. By: /s/** ------------------------------- Name: J.H.J. Houben Title: Managing Principal By: /s/** ------------------------------- Name: P.F.M. Van Lierop Title: Senior Legal Advisor ING GROEP N.V. By: /s/** ------------------------------- Name: J.H.J. Houben Title: Managing Principal By: /s/* ------------------------------- Name: Brian P. Friedman By: /s/* ------------------------------- Name: James L. Luikart * By: /s/ James L. Luikart --------------------- James L. Luikart ** By: /s/ Robert Miller --------------------- Robert Miller Attorney-in-Fact -23- EXHIBIT INDEX No. Description --- ----------- (1) Joint Reporting Agreement and Power of Attorney on Behalf of Each Reporting Person dated March 20,2000 (incorporated by reference to the Schedule 13 D/A filed May 17, 2001) (2) Joint Reporting Agreement and Power of Attorney on Behalf of Each Reporting Person dated May 14, 2001 (incorporated by reference to the Schedule 13 D/A filed May 17, 2001) (3) Certificate of Designation, Preferences and Rights of Series B-1 Cumulative Convertible Preferred Stock (4) Series C Preferred Stock and Common Stock Warrant Purchase Agreement dated April 17, 2001 by and among ABC-NACO Inc., and the Investors set forth therein. -24-