SC 13D/A 1 dsc13da.txt SCHEDULE 13D - AMENDMENT #1 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. 1) ________________ 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 May 3, 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 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 1,797,728 shares of Common Stock issuable upon the OWNED BY conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ----------------------------------------------------------- SOLE DISPOSITIVE POWER 9 EACH 0 REPORTING ----------------------------------------------------------- SHARED DISPOSITIVE POWER PERSON 10 1,797,728 shares of Common Stock issuable upon the WITH conversion of 158,020 shares of Series B-1 Cumulative Convertible Partcipating Preferred Stock ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 1,797,728 shares of Common Stock issuable upon the conversion of 158,020 shares of Series B-1 Cumulative Convertible Partcipating Preferred Stock ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 9.0% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 OO ------------------------------------------------------------------------------ SCHEDULE 13D CUSIP NO. 000752105 Page 2 ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Furman Selz Investors II L.P. 13-3937561 ------------------------------------------------------------------------------ 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 ------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 1,584,797 shares of Common Stock issuable upon the OWNED BY conversion of 139,303 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 1,584,797 shares of Common Stock issuable upon the conversion of 139,303 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,584,797 shares of Common Stock issuable upon the conversion of 139,303 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.0% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON PN ------------------------------------------------------------------------------ SCHEDULE 13D CUSIP NO. 000752105 Page 3 ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) FS Employee Investors LLC 13-3937563 ------------------------------------------------------------------------------ 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 ------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 135,828 shares of Common Stock issuable upon the OWNED BY conversion of 11,939 shares of Series B-1 Cumulative Convertible Partcipating Preferred Stock ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 135,828 shares of Common Stock issuable upon the conversion of 11,939 shares of Series B-1 Cumulative Convertible Partcipating Preferred Stock ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 135,828 shares of Common Stock issuable upon the conversion of 11,939 shares of Series B-1 Cumulative Convertible Partcipating Preferred Stock ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.7% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON OO ------------------------------------------------------------------------------ SCHEDULE 13D CUSIP NO. 000752105 Page 4 ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) FS Parallel Fund L.P. 13-3974766 ------------------------------------------------------------------------------ 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 ------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 77,103 shares of Common Stock issuable upon the OWNED BY conversion of 6,777 shares of Series B-1 Cumulative Convertible Partcipating Preferred Stock ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 77,103 shares of Common Stock issuable upon the conversion of 6,777 shares of Series B-1 Cumulative Convertible Partcipating Preferred Stock ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 77,103 shares of Common Stock issuable upon the conversion of 6,777 shares of Series B-1 Cumulative Convertible Partcipating Preferred Stock ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.4% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON PN ------------------------------------------------------------------------------ SCHEDULE 13D CUSIP NO. 000752105 Page 5 ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Furman Selz Investments II L.L.C. 13-3937560 ------------------------------------------------------------------------------ 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 ------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 1,797,728 shares of Common Stock issuable upon the OWNED BY conversion of 158,020 shares of Series B-1 Cumulative Convertible Partcipating Preferred Stock ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 1,797,728 shares of Common Stock issuable upon the conversion of 158,020 shares of Series B-1 Cumulative Convertible Partcipating Preferred Stock ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,797,728 shares of Common Stock issuable upon the conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.0% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON 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 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 1,797,728 shares of Common Stock issuable upon the OWNED BY conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock EACH ----------------------------------------------------------- SOLE DISPOSITIVE POWER REPORTING 9 PERSON 0 ----------------------------------------------------------- WITH SHARED DISPOSITIVE POWER 10 1,797,728 shares of Common Stock issuable upon the conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 1,797,728 shares of Common Stock issuable upon the conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 9.0% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 OO ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP NO. 000752105 Page 7 ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) ING Furman Selz Investors III LLC 13-4121999 ------------------------------------------------------------------------------ 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 1,252,648 shares of Common Stock issuable upon the OWNED BY conversion of 110,107 shares of Series B-1 Cumulative Convertible Participating Preferred Stock EACH ----------------------------------------------------------- SOLE DISPOSITIVE POWER REPORTING 9 PERSON 0 ----------------------------------------------------------- WITH SHARED DISPOSITIVE POWER 10 1,252,648 shares of Common Stock issuable upon the conversion of 110,107 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 1,252,648 shares of Common Stock issuable upon the conversion of 110,107 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 6.3% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 PN ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP NO. 000752105 Page 8 ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) ING Barings U.S. Leveraged Equity Plan LLC 13-4127834 ------------------------------------------------------------------------------ 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 8 380,943 shares of Common Stock issuable upon the OWNED BY conversion of 33,484 shares of Series B-1 Cumulative Convertible Participating Preferred Stock EACH ----------------------------------------------------------- SOLE DISPOSITIVE POWER REPORTING 9 PERSON 0 ----------------------------------------------------------- WITH SHARED DISPOSITIVE POWER 10 380,943 shares of Common Stock issuable upon the conversion of 33,484 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 380,943 shares of Common Stock issuable upon the conversion of 33,484 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 12 ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 1.9% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 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 8 164,137 shares of Common Stock issuable upon the OWNED BY conversion of 14,427 shares of Series B-1 Cumulative Convertible Participating Preferred Stock EACH ----------------------------------------------------------- SOLE DISPOSITIVE POWER REPORTING 9 PERSON 0 ----------------------------------------------------------- WITH SHARED DISPOSITIVE POWER 10 164,137 shares of Common Stock issuable upon the conversion of 14,427 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 164,137 shares of Common Stock issuable upon the conversion of 14,427 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 12 ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.8% ------------------------------------------------------------------------------ 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 13-4127836 ------------------------------------------------------------------------------ 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 1,797,728 shares of Common Stock issuable upon the OWNED BY conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock EACH ----------------------------------------------------------- SOLE DISPOSITIVE POWER REPORTING 9 PERSON 0 ----------------------------------------------------------- WITH SHARED DISPOSITIVE POWER 10 1,797,728 shares of Common Stock issuable upon the conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 1,797,728 shares of Common Stock issuable upon the conversion of 158,020 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 12 ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 9.0% ------------------------------------------------------------------------------ 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 Managenent 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 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 3,595,456 shares of Common Stock issuable upon the OWNED BY conversion of 316,040 shares of Series B-1 Cumulative Convertible Participating Preferred Stock EACH ----------------------------------------------------------- SOLE DISPOSITIVE POWER REPORTING 9 PERSON 0 ----------------------------------------------------------- WITH SHARED DISPOSITIVE POWER 10 3,595,456 shares of Common Stock issuable upon the conversion of 316,040 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 3,595,456 shares of Common Stock issuable upon the conversion of 316,040 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 12 ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 18.1% ------------------------------------------------------------------------------ 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 ------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 3,595,456 shares of Common Stock issuable upon the conversion of 316,040 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 3,595,456 shares of Common Stock issuable upon the conversion of 316,040 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,595,456 shares of Common Stock issuable upon the conversion of 316,040 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 18.1% ------------------------------------------------------------------------------ 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 ------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 3,595,456 shares of Common Stock issuable upon the OWNED BY conversion of 316,040 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 3,595,456 shares of Common Stock issuable upon the conversion of 316,040 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,595,456 shares of Common Stock issuable upon the conversion of 316,040 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 18.1% ------------------------------------------------------------------------------ 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 ------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 3,595,456 shares of Common Stock issuable upon the OWNED BY conversion of 316,040 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 3,595,456 shares of Common Stock issuable upon the conversion of 316,040 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,595,456 shares of Common Stock issuable upon the conversion of 316,040 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 18.1% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON IC ------------------------------------------------------------------------------ SCHEDULE 13D CUSIP NO. 000752105 Page 15 ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Brian P. Friedman ###-##-#### ------------------------------------------------------------------------------ 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 United States ------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 3,595,456 shares of Common Stock issuable upon the OWNED BY conversion of 316,040 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 3,595,456 shares of Common Stock issuable upon the conversion of 316,040 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,595,456 shares of Common stock issuable upon the conversion of 316,040 shares of Series B-1 Cumulative Convertible Participating Preferred Stock. ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 18.1% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON 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 3,595,456 shares of Common Stock issuable upon the OWNED BY conversion of 316,040 shares of Series B-1 Cumulative Convertible Participating Preferred Stock EACH ----------------------------------------------------------- SOLE DISPOSITIVE POWER REPORTING 9 PERSON 0 ----------------------------------------------------------- WITH SHARED DISPOSITIVE POWER 10 3,595,456 shares of Common Stock issuable upon the conversion of 316,040 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 3,595,456 shares of Common Stock issuable upon the conversion of 316,040 shares of Series B-1 Cumulative Convertible Participating Preferred Stock ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 12 ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 18.1% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 IN ------------------------------------------------------------------------------ SCHEDULE 13D This Amendment No. 1 to Schedule 13D ("Amendment No. 1") relates to a Schedule 13D filed on March 8, 2000 ("Schedule 13D") with the Securities and Exchange Commission ("SEC"). This Amendment No. 1 amends and supplements Schedule 13D. 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, Furman Selz Investors II L.P., FS Employee Investors LLC, FS Parallel Fund L.P., Furman Selz Investments II LLC, FS Private Investments III LLC, ING Furman Selz Investors III LP, ING Barings U.S. Leveraged Equity Plan LLC, ING Barings Global Leveraged Equity Plan Ltd. and ING Furman Selz Investments III LLC 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") of the Company, which are convertible into shares of Common Stock. ITEM 2. IDENTITY AND BACKGROUND. The response set forth in Item 2 of Schedule 13D is hereby amended and supplemented by the following information: The following table provides certain information about each of the reporting persons. CITIZENSHIP OR STATE OF NAME AND ADDRESS INCORPORATION/ORGANIZATION ---------------- -------------------------- FS Private Investments LLC ("Private Investments") Delaware 520 Madison Avenue, 8/th/ Floor New York, New York 10022 Furman Selz Investors II L.P. ("Investors") Delaware 520 Madison Avenue, 8/th/ Floor New York, New York 10022 FS Employee Investors LLC ("Employee Investors") Delaware 520 Madison Avenue, 8/th/ Floor New York, New York 10022 17 FS Parallel Fund L.P. ("Parallel Fund") Delaware 520 Madison Avenue, 8/th/ Floor New York, New York 10022 Furman Selz Investments II LLC Delaware ("FS Investments II") 520 Madison Avenue, 8/th/ Floor New York, New York 10022 FS Private Investments III LLC Delaware ("Private Investments III") 520 Madison Avenue, 8/th/ Floor New York, New York 10022 ING Furman Selz Investors III LP Delaware ("Investors III") 520 Madison Avenue, 8/th/ Floor New York, New York 10022 ING Barings U.S. Leveraged Equity Plan LLC Delaware ("Barings U.S.") 520 Madison Avenue, 8/th/ Floor New York, New York 10022 ING Barings Global Leveraged Equity Plan Ltd. Bermuda ("Barings Global") 520 Madison Avenue, 8/th/ Floor New York, New York 10022 ING Furman Selz Investments III LLC Delaware ("Investments III") 520 Madison Avenue, 8/th/ Floor New York, New York 10022 ING Furman Selz Asset Management LLC Delaware ("ING FS Management") 230 Park Avenue New York, New York 10169 ING (U.S.) Financial Holdings Corporation Delaware ("ING U.S.") 135 East 57th Street New York, New York 10022 18 ING Bank N.V. The Netherlands ("ING Bank") P.O. Box 810 1000 AV Amsterdam, The Netherlands ING Groep N.V. The Netherlands ("ING Groep") Strawinskylaan 2631 1077 ZZ Amsterdam Brian P. Friedman USA 520 Madison Avenue, 8/th/ Floor New York, New York 10022 James L. Luikart USA 520 Madison Avenue, 8/th/ Floor New York, New York 10022 The Executive Board of the ING Groep is the following: E. Kist (Chairman) F.S. Hubbell J.H.M. Lindenbergh C. Maas A.H.G. Rinnooy Kan D. Robins M. Tilmant The Executive Board of ING Bank is the following: E. Kist (Chairman) F.S. Hubbell J.H.M. Lindenbergh C. Maas A.H.G. Rinnooy Kan D. Robins M. Tilmant The directors and executive officers of ING U.S. are the following: 19 Directors: David Duffy John Cirrito Don Taggart Officers: David Duffy President and Chief Executive Officer Weitze Prinsen Senior Managing Director John Egan Chief Financial Officer John Cirrito Managing Director Andrew W. Druch General Counsel, Secretary and Managing Director The officers of ING FS Management are the following: Timothy Schantz President Edmund A. Hajim CEO Robert Miller Executive Vice President and CFO Kevin Cassidy Executive Vice President Gerald Lins General Counsel and Secretary Joseph Kaminsky Senior Vice President Wendy Lurie Vice President and Assistant Secretary Wendy Prager Vice President and Assistant Secretary Benjamin Emanuel Vice President David Rutkin Vice President ING Groep owns 100% of ING Bank, which owns 100% of ING U.S., which is the sole managing member and owner of 100% of the interests of ING FS Management LLC, which is the sole managing member and owner of 81.5% of the interests of FS Investments II, which is the sole managing member of Employee Investors. FS Investments II is the sole general partner of Investors and the sole general partner of Parallel Fund. ING FS Management LLC is also the sole managing member and owner of 95.8% of the interests of Investments III. Investments III is the general partner of Investors III, the sole managing member of Barings U.S. and the manager of Barings Global. As a result of its role as manager of Investors, Employee Investors and Parallel Fund (the "Funds"), Private Investments may be deemed to be the beneficial owner of the shares beneficially owned by the Funds. As a result of its role as manager of Investors III, Barings U.S. and Barings Global (the "Funds III"), Private Investments III may be deemed to be the beneficial owner of the shares beneficially owned by the Funds III. As a result of their positions as managing members of Private Investments and Private Investments III, Brian P. Friedman and James L. Luikart may be deemed to be the beneficial owners of the shares beneficially owned by 20 Private Investments and Private Investments III and therefore deemed to be the beneficial owners of the shares held by the Funds and the Funds III. (d) and (e). None of the reporting persons, and to the knowledge of the reporting persons, none of the other individuals named have, within the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding been or are subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws. (f) Brian P. Friedman and James L. Luikart are United States citizens. The filing of this statement shall not be construed as an admission that Private Investments, FS Investments II, Private Investments III, Investments III, ING FS Management, ING U.S., ING Bank, ING Groep, Brian P. Friedman or James L. Luikart are, for purposes of Sections 13(d) or 13(g) of the Securities Exchange Act of 1934, the beneficial owner of any shares covered by this statement. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The response set forth in Item 3 of Schedule 13D is hereby amended and supplemented by the following information: Pursuant to the Exchange Agreement (as defined in Item 4), Investors, Employee Investors, Parallel Fund, Investors III, Barings U.S. and Barings Global exchanged all of their shares of Series B Preferred Stock for Series B-1 Preferred Stock. No additional cash consideration was paid to the Company in connection with the exchange of Series B Preferred Stock for Series B-1 Preferred Stock. ITEM 4. PURPOSE OF TRANSACTION. The response set forth in Item 4 of Schedule 13D is hereby amended and supplemented by the following information: The Series B-1 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, 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 B-1 Preferred Stock, or sell or seek the sale of all or part of the Series B-1 Preferred Stock. Pursuant to the Stock Purchase Agreement dated May 1, 2001 (the "Stock Purchase Agreement") by and among ING Furman Selz Asset Management LLC, ING Furman 21 Selz Investors III LP, ING Barings U.S. Leveraged Equity Fund LLC and ING Barings Global Leveraged Equity Fund Ltd., ING Furman Selz Asset Management LLC sold and transferred to ING Furman Selz Investors III LP, ING Barings U.S. Leveraged Equity Fund LLC and ING Barings Global Leveraged Equity Fund Ltd. an aggregate of 149,000 shares of Series B Preferred Stock. Pursuant to the Exchange Agreement dated April 17, 2001 (the "Exchange Agreement") by and among ABC-NACO INC., a Delaware corporation ("the Company"), and the entities listed on Exhibit A thereto ("the Investors"), the Company --------- issued shares of Series B-1 Preferred Stock in exchange for all of the outstanding shares of Series B Preferred Stock. The issuance of the Series B-1 Preferred Stock constitutes a material change in the capitalization of the Company. If the Series B-1 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 is hereby amended and supplemented by the following information: (a) - (b)
NUMBER OF PERCENT OF SHARES TO BE COMMON SHARED SHARED BENEFICIALLY STOCK VOTING INVESTMENT NAME OWNED POWER POWER ---------------------------- -------------- ---------- -------- ---------- Private Investments 1,797,728 9.0 1,797,728 1,797,728 Investors 1,584,797 8.0 1,584,797 1,584,797 Employee Investors 135,828 0.7 135,828 135,828 Parallel Fund 77,103 0.4 77,103 77,103 FS Investments II 1,797,728 9.0 1,797,728 1,797,728 Private Investments III 1,797,728 9.0 1,797,728 1,797,728 Investors III 1,252,648 6.3 1,252,648 1,252,648 Barings U.S. 380,943 1.9 380,943 380,943 Barings Global 164,137 0.8 164,137 164,137 Investments III 1,797,728 9.0 1,797,728 1,797,728 ING FS Management 3,595,456 18.1 3,595,456 3,595,456
22 ING U.S. 3,595,456 18.1 3,595,456 3,595,456 ING Bank 3,595,456 18.1 3,595,456 3,595,456 ING Groep 3,595,456 18.1 3,595,456 3,595,456 Brian P. Friedman 3,595,456 18.1 3,595,456 3,595,456 James L. Luikart 3,595,456 18.1 3,595,456 3,595,456
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 B-1 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 is hereby amended and supplemented by the following information: As contemplated by the Exchange Agreement, the Board of Directors of the Company approved and adopted a Certificate of Designation, Preferences and Rights (the "Series B-1 Certificate") to create the Series B-1 Preferred Stock. The Series B-1 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 B Preferred Stock. If the Company fails to pay a dividend when due, the dividend rate will increase to 15% per annum. The Series B-1 Certificate provides that the holders of each share of Series B-1 Preferred Stock shall be entitled to vote for the election of Directors to the Corporation's Board of Directors. Each share of Series B-1 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 B-1 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 B-1 Certificate, the holders of Series B-1 Preferred Stock shall have the right to cause the Corporation to redeem all of such holder's then outstanding shares of Series B-1 Preferred Stock in exchange for the 23 number of shares of Common Stock into which it could be converted or its cash conversion amount, as set forth in the Series B-1 Certificate. The Series B-1 Certificate provides that the Series B-1 Preferred Stock is initially convertible into shares of Common Stock of the Company at a conversion price of $9.00. The conversion price may be adjusted from time to time as set forth in the Series B-1 Certificate and is currently set at $8.79. At any time after the third anniversary of the date of the original issuance of the Series B-1 Preferred Stock, all or a portion of the shares of Series B-1 Preferred Stock shall, at the option of the Company, automatically be converted into shares of Common Stock if certain conditions are met. The Investors, the Employee Investors, the Parallel Fund, Investors III, Barings U.S., Barings Global and the Company are parties to an Investors Rights Agreement dated as of March 8, 2000, as amended, (the "Investors Rights Agreement"). Pursuant to the Investors Rights Agreement, and subject to its terms and conditions, the Purchasers may request that a shelf registration statement or a demand registration statement be filed by the Company. In addition, the Purchasers have certain piggyback registration rights under the Investors Rights Agreement in connection with registrations by the Company under the Securities Act of 1933, as amended. Pursuant to the Stock Purchase Agreement dated May 1, 2001 (the "Stock Purchase Agreement") by and among ING Furman Selz Asset Management LLC, ING Furman Selz Investors III LP, ING Barings U.S. Leveraged Equity Fund LLC and ING Barings Global Leveraged Equity Fund Ltd., ING FS Management sold and transferred to Investors III, Barings U.S. and Barings Global an aggregate of 149,000 shares of Series B Preferred Stock. Pursuant to the Exchange Agreement, the shares of Series B Preferred Stock were then exchanged for shares of Series B-1 Preferred Stock, 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. B. Joint Reporting Agreement and Power of Attorney on Behalf of Each Reporting Person dated May 14, 2001 C. Certificate of Designation, Preferences and Rights of Series B-1 Cumulative Convertible Preferred Stock D. Stock Purchase Agreement dated May 1, 2001 by and among ING Furman Selz Asset Management LLC, ING Furman Selz Investors III LP, ING 24 Barings U.S. Leveraged Equity Fund LLC and ING Barings Global Leveraged Equity Fund Ltd. E. Exchange Agreement dated April 17, 2001 by and among ABC-NACO Inc. and the individual and entities listed on Exhibit A thereto. --------- 25 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: May 15, 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 26 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 27 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/ Brian P. Friedman _________________________________ Name: Brian P. Friedman By: /s/ James L. Luikart _________________________________ Name: James L. Luikart * By: /s/ James L. Luikart _________________________________ James L. Luikart ** By: /s/ Robert Miller _________________________________ Robert Miller Attorney-in-Fact 28 EXHIBIT INDEX No. Description --- ----------- (1) Joint Reporting Agreement and Power of Attorney on Behalf of Each Reporting Person dated March 20, 2000 (2) Joint Reporting Agreement and Power of Attorney on Behalf of Each Reporting Person dated May 14, 2001 (3) Certificate of Designation, Preferences and Rights of Series B-1 Cumulative Convertible Preferred Stock (4) Stock Purchase Agreement dated May 1, 2001 by and among ING Furman Selz Asset Management LLC, ING Furman Selz Investors III LP, ING Barings U.S. Leveraged Equity Fund LLC and ING Barings Global Leveraged Equity Fund Ltd. (5) Exchange Agreement dated April 17, 2001 by and among ABC-NACO Inc. and the individual and entities listed on Exhibit A thereto. --------- 29