-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CqzXNh1ozwZHnmbgJ/GmVWwqF+WPIZcrK/vIV/XFlh0AailYmM+Ljf+uldRFYyvX jS0nhBcJpN7z6q6LSRJrng== 0000950142-98-000405.txt : 19980521 0000950142-98-000405.hdr.sgml : 19980521 ACCESSION NUMBER: 0000950142-98-000405 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980520 SROS: NYSE GROUP MEMBERS: DAVIDSON KEMPNER ADVISERS INC. GROUP MEMBERS: DAVIDSON KEMPNER ENDOWMENT PARTNERS GROUP MEMBERS: DAVIDSON KEMPNER INSTITUTIONAL PARTNERS, L.P. GROUP MEMBERS: DAVIDSON KEMPNER INTERNATIONAL ADVISORS, L.L.C. GROUP MEMBERS: DAVIDSON KEMPNER INTERNATIONAL LTD. GROUP MEMBERS: DAVIDSON KEMPNER PARTNERS GROUP MEMBERS: DAVIDSON M H & CO INC/ GROUP MEMBERS: M.H. DAVIDSON & CO. GROUP MEMBERS: MARVIN H. DAVIDSON GROUP MEMBERS: MHD MANAGEMENT CO. GROUP MEMBERS: MICHAEL J. LEFFELL GROUP MEMBERS: SCOTT E. DAVIDSON GROUP MEMBERS: STEPHEN M. DOWICZ GROUP MEMBERS: THOMAS L. KEMPNER, JR. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RAYTECH CORP CENTRAL INDEX KEY: 0000797917 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490] IRS NUMBER: 061182033 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-37895 FILM NUMBER: 98629053 BUSINESS ADDRESS: STREET 1: ONE CORPORATE DR STE 512 CITY: SHELTON STATE: CT ZIP: 06484 BUSINESS PHONE: 2039258023 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DAVIDSON M H & CO INC/ CENTRAL INDEX KEY: 0000937617 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 885 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2123713000 MAIL ADDRESS: STREET 2: 885 THIRD AVE SUITE 810 CITY: NEW YORK STATE: NY ZIP: 10022-4834 SC 13D/A 1 AMENDMENT NO. 1 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ----------------------- SCHEDULE 13D Under the Securities Exchange Act of 1934 (AMENDMENT NO. 1) ----------------------- RAYTECH CORPORATION (Name of Issuer) Common Stock par value $1.00 per share (Title of Class of Securities) 755103108 (CUSIP Number) ----------------------- TIMOTHY I. LEVART 885 THIRD AVENUE NEW YORK, NY 10022 TEL. NO.: (212) 371-3813 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) ----------------------- MAY 18, 1998 (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 statement because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Page 1 of 25 Pages SCHEDULE 13D CUSIP NO. 755103108 PAGE 2 OF 25 PAGES --------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Davidson Kempner Partners 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York 7 SOLE VOTING POWER NUMBER OF 66,600 SHARES BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING PERSON -- WITH 9 SOLE DISPOSITIVE POWER 66,600 10 SHARED DISPOSITIVE POWER -- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 66,600 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.9% 14 TYPE OF REPORTING PERSON PN SCHEDULE 13D CUSIP NO. 755103108 PAGE 3 OF 25 PAGES --------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Davidson Kempner Institutional Partners, L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS WC 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 112,500 SHARES BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING PERSON -- WITH 9 SOLE DISPOSITIVE POWER 112,500 10 SHARED DISPOSITIVE POWER -- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 112,500 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.3% 14 TYPE OF REPORTING PERSON PN SCHEDULE 13D CUSIP NO. 755103108 PAGE 4 OF 25 PAGES --------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Davidson Kempner Endowment Partners 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York 7 SOLE VOTING POWER NUMBER OF 23,600 SHARES BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING PERSON -- WITH 9 SOLE DISPOSITIVE POWER 23,600 10 SHARED DISPOSITIVE POWER -- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 23,600 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .7% 14 TYPE OF REPORTING PERSON PN SCHEDULE 13D CUSIP NO. 755103108 PAGE 5 OF 25 PAGES --------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON MHD Management Co. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] 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 New York 7 SOLE VOTING POWER NUMBER OF 90,200 SHARES BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING PERSON -- WITH 9 SOLE DISPOSITIVE POWER 90,200 10 SHARED DISPOSITIVE POWER -- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 90,200 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.6% 14 TYPE OF REPORTING PERSON PN SCHEDULE 13D CUSIP NO. 755103108 PAGE 6 OF 25 PAGES --------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON M.H. Davidson & Co. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York 7 SOLE VOTING POWER NUMBER OF 4,700 SHARES BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING PERSON -- WITH 9 SOLE DISPOSITIVE POWER 4,700 10 SHARED DISPOSITIVE POWER -- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,700 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .1% 14 TYPE OF REPORTING PERSON PN SCHEDULE 13D CUSIP NO. 755103108 PAGE 7 OF 25 PAGES --------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Davidson Kempner Advisers Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] 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 New York 7 SOLE VOTING POWER NUMBER OF 112,500 SHARES BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING PERSON -- WITH 9 SOLE DISPOSITIVE POWER 112,500 10 SHARED DISPOSITIVE POWER -- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 112,500 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.3% 14 TYPE OF REPORTING PERSON CO SCHEDULE 13D CUSIP NO. 755103108 PAGE 8 OF 25 PAGES --------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Davidson Kempner International Ltd. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands 7 SOLE VOTING POWER NUMBER OF 22,700 SHARES BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING PERSON -- WITH 9 SOLE DISPOSITIVE POWER 22,700 10 SHARED DISPOSITIVE POWER -- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,700 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .7% 14 TYPE OF REPORTING PERSON CO SCHEDULE 13D CUSIP NO. 755103108 PAGE 9 OF 25 PAGES --------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Davidson Kempner International Advisers, L.L.C. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] 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 22,700 SHARES BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING PERSON -- WITH 9 SOLE DISPOSITIVE POWER 22,700 10 SHARED DISPOSITIVE POWER -- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,700 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .7% 14 TYPE OF REPORTING PERSON CO SCHEDULE 13D CUSIP NO. 755103108 PAGE 10 OF 25 PAGES --------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Marvin H. Davidson 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] 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 -- SHARES BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING PERSON 230,100 WITH 9 SOLE DISPOSITIVE POWER -- 10 SHARED DISPOSITIVE POWER 230,100 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 230,100 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.7% 14 TYPE OF REPORTING PERSON IN SCHEDULE 13D CUSIP NO. 755103108 PAGE 11 OF 25 PAGES --------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Thomas L. Kempner, Jr. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS AF, PF 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 -- SHARES BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING PERSON 236,000 WITH 9 SOLE DISPOSITIVE POWER -- 10 SHARED DISPOSITIVE POWER 236,000 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 231,100 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.9% 14 TYPE OF REPORTING PERSON IN SCHEDULE 13D CUSIP NO. 755103108 PAGE 12 OF 25 PAGES --------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Stephen M. Dowicz 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] 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 -- SHARES BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING PERSON 232,600 WITH 9 SOLE DISPOSITIVE POWER -- 10 SHARED DISPOSITIVE POWER 232,600 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 230,100 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.8% 14 TYPE OF REPORTING PERSON IN SCHEDULE 13D CUSIP NO. 755103108 PAGE 13 OF 25 PAGES --------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Scott E. Davidson 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] 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 -- SHARES BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING PERSON 232,600 WITH 9 SOLE DISPOSITIVE POWER -- 10 SHARED DISPOSITIVE POWER 232,600 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 230,100 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.8% 14 TYPE OF REPORTING PERSON IN SCHEDULE 13D CUSIP NO. 755103108 PAGE 14 OF 25 PAGES --------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Michael J. Leffell 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] 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 -- SHARES BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING PERSON 232,600 WITH 9 SOLE DISPOSITIVE POWER -- 10 SHARED DISPOSITIVE POWER 232,600 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 230,100 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.8% 14 TYPE OF REPORTING PERSON IN SCHEDULE 13D CUSIP NO. 755103108 Page 15 of 25 Pages --------- This Amendment No. 1 to Schedule 13D with respect to the Common Stock (the "Common Stock"), par value $1.00 per share, of Raytech Corporation (the "Company") originally filed on May 8, 1998 (the "Schedule 13D") amends Item 5 of the Schedule 13D. Item 5. Interest in Securities of the Issuer. The aggregate percentage of Common Stock reported owned by each person herein is based upon the Issuer's Form 10-Q filed on May 11, 1998, which disclosed that 3,409,677 Shares of Common Stock were outstanding at the close of business on March 29, 1998. As of the close of business on May 18, 1998: Name of Reporting Party: DKP (a) Aggregate Number of Securities Owned 66,600 Percentage 1.9% (b) 1. Sole power to vote or to direct the vote 66,600 2. Shared power to vote or to direct the vote -- 3. Sole power to dispose or to direct the disposition 66,600 4. Shared power to dispose of or to direct the disposition -- (c) Information concerning transactions in the Common Stock effected by DKP is set forth in Appendix II. DKIP (a) Aggregate Number of Securities Owned 112,500 Percentage 3.3% SCHEDULE 13D CUSIP NO. 755103108 Page 16 of 25 Pages --------- (b) 1. Sole power to vote or to direct the vote 112,500 2. Shared power to vote or to direct the vote -- 3. Sole power to dispose or to direct the disposition 112,500 4. Shared power to dispose of or to direct the disposition -- (c) Information concerning transactions in the Common Stock effected by DKIP is set forth in Appendix II. DKEP (a) Aggregate Number of Securities Owned 23,600 Percentage .7% (b) 1. Sole power to vote or to direct the vote 23,600 2. Shared power to vote or to direct the vote -- 3. Sole power to dispose or to direct the disposition 23,600 4. Shared power to dispose of or to direct the disposition -- (c) Information concerning transactions in the Common Stock effected by DKEP is set forth in Appendix II. MHD Management Co. (a) Aggregate Number of Securities Owned 90,200 (b) Percentage 2.6% 1. Sole power to vote or to direct the vote 90,200 2. Shared power to vote or to direct the vote -- SCHEDULE 13D CUSIP NO. 755103108 Page 17 of 25 Pages --------- 3. Sole power to dispose or to direct the disposition 90,200 4. Shared power to direct the disposition -- M.H. Davidson & Co. (a) Aggregate Number of Securities Owned 4,700 (b) Percentage .10% 1. Sole power to vote or to direct the vote 4,700 2. Shared power to vote or to direct the vote -- 3. Sole power to dispose or to direct the disposition 4,700 4. Shared power to direct the disposition -- (c) Information concerning transactions in the Common Stock effected by M.H. Davidson & Co. is set forth in Appendix II. Davidson Kempner Advisers Inc. (a) Aggregate Number of Securities Owned 112,500 (b) Percentage 3.3% 1. Sole Power to vote or to direct the vote 112,500 2. Shared Power to vote or to direct the vote -- 3. Sole power to dispose or to direct the dispositions 112,500 4. Shared power to direct the disposition -- SCHEDULE 13D CUSIP NO. 755103108 Page 18 of 25 Pages --------- Davidson Kempner International Ltd. (a) Aggregate Number of Securities Owned 22,700 (b) Percentage .7% 1. Sole power to vote or to direct the vote 22,700 2. Shared power to vote or to direct the vote -- 3. Sole power to dispose or to direct the disposition 22,700 4. Shared power to direct the disposition -- (c) Information concerning transactions in the Common Stock effected by DKIL is set forth in Appendix II. DKIA (a) Aggregate Number of Securities Owned 22,700 (b) Percentage .7% 1. Sole power to vote or to direct the vote 22,700 2. Shared power to vote or to direct the vote -- 3. Sole power to dispose or to direct the disposition 22,700 4. Shared power to direct the disposition -- Marvin H. Davidson (a) Aggregate Number of Securities Owned 230,100 (b) Percentage 6.7% 5. Sole Power to vote or to direct the vote -- 6. Shared Power to vote or to direct SCHEDULE 13D CUSIP NO. 755103108 Page 19 of 25 Pages --------- the vote 230,100 7. Sole power to dispose or to direct the dispositions -- 8. Shared power to direct the disposition 230,100 Thomas L. Kempner, Jr. (a) Aggregate Number of Securities Owned 231,100*/ **/ (b) Percentage 6.9% 1. Sole Power to vote or to direct the vote -- 2. Shared Power to vote or to direct the vote 236,000 3. Sole power to dispose or to direct the disposition -- 4. Shared power to direct the disposition 236,000 Stephen M. Dowicz (a) Aggregate Number of Securities Owned 230,100*/ (b) Percentage 6.8% 1. Sole Power to vote or to direct the vote -- 2. Shared Power to vote or to direct the vote 232,600 - -------- */ Excludes 2,500 shares held by the M.H. Davidson & Co., Inc. 401(k) Plan, of which Messrs. Kempner, Leffell, Dowicz and Scott Davidson are the Trustees. Each of Messrs. Kempner, Leffell, Dowicz and Scott Davidson disclaims beneficial ownership of such shares except to the extent of such persons interest in such 401(k) Plan. **/ Excludes 2,400 shares held by entities for the benefit of Mr. Kempner's children and certain charities. Mr. Kempner disclaims beneficial ownership of such shares. SCHEDULE 13D CUSIP NO. 755103108 Page 20 of 25 Pages --------- 3. Sole power to dispose or to direct the disposition -- 4. Shared power to direct the disposition 232,600 Scott E. Davidson (a) Aggregate Number of Securities Owned 230,100*/ (b) Percentage 6.8% 1. Sole Power to vote or to direct the vote -- 2. Shared Power to vote or to direct the vote 232,600 3. Sole power to dispose or to direct the disposition -- 4. Shared power to direct the disposition 232,600 Michael J. Leffell (a) Aggregate Number of Securities Owned 230,100*/ (b) Percentage 6.8% 1. Sole Power to vote or to direct the vote -- 2. Shared Power to vote or to direct the vote 232,600 3. Sole power to dispose or to direct the disposition -- 4. Shared power to direct the disposition 232,600 - -------- */ Excludes 2,500 shares held by the M.H. Davidson & Co., Inc. 401(k) Plan, of which Messrs. Kempner, Leffell, Dowicz and Scott Davidson are the Trustees. Each of Messrs. Kempner, Leffell, Dowicz and Scott Davidson disclaims beneficial ownership of such shares except to the extent of such persons interest in such 401(k) Plan. SCHEDULE 13D CUSIP NO. 755103108 Page 21 of 25 Pages --------- SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. May 20, 1998 DAVIDSON KEMPNER PARTNERS By MHD Management Co., its general partner By: /s/ Thomas L. Kempner, Jr. ------------------------------ Thomas L. Kempner, Jr. General Partner DAVIDSON KEMPNER INSTITUTIONAL PARTNERS, L.P. By Davidson Kempner Advisers Inc., its general partner By: /s/ Thomas L. Kempner, Jr. ------------------------------ Thomas L. Kempner, Jr. Secretary SCHEDULE 13D CUSIP NO. 755103108 Page 22 of 25 Pages --------- DAVIDSON KEMPNER ENDOWMENT PARTNERS By MHD Management Co., its general partner By: /s/ Thomas L. Kempner, Jr. ------------------------------ Thomas L. Kempner, Jr. General Partner MHD MANAGEMENT CO. By: /s/ Thomas L. Kempner, Jr. ------------------------------ Thomas L. Kempner, Jr. General Partner DAVIDSON KEMPNER ADVISERS INC. By: /s/ Thomas L. Kempner, Jr. ------------------------------ Thomas L. Kempner, Jr. Secretary DAVIDSON KEMPNER INTERNATIONAL LTD. By Davidson Kempner International Advisors, LLC By: /s/ Thomas L. Kempner, Jr. ------------------------------ Thomas L. Kempner, Jr. A Managing Member DAVIDSON KEMPNER INTERNATIONAL ADVISORS, LLC By: /s/ Thomas L. Kempner, Jr. ------------------------------ Thomas L. Kempner, Jr. A Managing Member SCHEDULE 13D CUSIP NO. 755103108 Page 23 of 25 Pages --------- /s/ Marvin H. Davidson ---------------------- Marvin H. Davidson /s/ Thomas L. Kempner, Jr. -------------------------- Thomas L. Kempner, Jr. /s/ Stephen M. Dowicz --------------------- Stephen M. Dowicz /s/ Scott E. Davidson --------------------- Scott E. Davidson /s/ Michael J. Leffell ---------------------- Michael J. Leffell SCHEDULE 13D CUSIP NO. 755103108 Page 24 of 25 Pages --------- APPENDIX I Raytech Corporation ------------------- Transaction Schedule For the period beginning on May 9, 1998 and ending on May 18, 1998 Where/How Transaction Date Quantity Price/Share Buy/Sell Affected ---- -------- ----------- -------- -------- 5/11/98 15,000 5.00 Buy Open Market 5/12/98 1,000 5.00 Buy Open Market 5/13/98 15,000 5.00 Buy Open Market 5/14/98 5,000 5.00 Buy Open Market 5/15/98 7,500 5.125 Buy Open Market 5/18/98 20,000 5.25 Buy Open Market -----END PRIVACY-ENHANCED MESSAGE-----