-----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, IkxGzPn8JuX9DmUm8Gvc9m5GdmYh9C1kqcGkKu806QVXEN5sbzmfbl6X7sllSAQ6 FYIJgRLMqxtFm3b7SOv54g== 0000950134-04-016675.txt : 20041108 0000950134-04-016675.hdr.sgml : 20041108 20041108112732 ACCESSION NUMBER: 0000950134-04-016675 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20041108 DATE AS OF CHANGE: 20041108 GROUP MEMBERS: BERNARD J HOLTGREIVE GROUP MEMBERS: MARK E BRADY GROUP MEMBERS: ROBERT J SUTTMAN GROUP MEMBERS: RONALD L EUBEL GROUP MEMBERS: WILLIAM E HAZEL FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC CENTRAL INDEX KEY: 0001080382 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 7777 WASHINGTON VILLAGE DR STREET 2: STE 210 CITY: DAYTON STATE: OH ZIP: 45459 MAIL ADDRESS: STREET 1: 7777 WASHINGTON VILLAGE DR STREET 2: STE 210 CITY: DAYTON STATE: OH ZIP: 45459 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SAXON CAPITAL INC CENTRAL INDEX KEY: 0001160425 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 542036376 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-77897 FILM NUMBER: 041124635 BUSINESS ADDRESS: STREET 1: 4860 COX ROAD CITY: GLEN ALLEN STATE: VA ZIP: 23060 BUSINESS PHONE: 8049673825 MAIL ADDRESS: STREET 1: 4860 COX ROAD SUITE 300 CITY: GLEN ALLEN STATE: VA ZIP: 23060 SC 13G/A 1 c89491sc13gza.txt AMENDMENT TO SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Amendment No. 1* Under the Securities Exchange Act of 1934 SAXON CAPITAL, INC. ----------------------------------------------------- (Name of Issuer) Common Stock ----------------------------------------------------- (Title of Class of Securities) 80556P302 ----------------------------------------------------- (CUSIP Number) October 31, 2004 ----------------------------------------------------- (Date of Event Which Requires Filing of This Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [x] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 80556P302 1. NAME OF REPORTING PERSON(S) Eubel Brady & Suttman Asset Management, Inc. - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 0 BENEFICIALLY ------------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH 2,943,358 REPORTING ------------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH 0 ------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 2,943,358 - ------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,943,358 - ------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.23% - ------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IA, CO CUSIP No. 80556P302 1. NAME OF REPORTING PERSON(S) Ronald L. Eubel - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - ------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 490 BENEFICIALLY ------------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH 2,962,408 REPORTING ------------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH 490 ------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 2,962,408 - ------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,962,898 - ------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.30% - ------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN CUSIP No. 80556P302 1. NAME OF REPORTING PERSON(S) Mark E. Brady - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - ------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 0 BENEFICIALLY ------------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH 2,962,408 REPORTING ------------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH 0 ------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 2,962,408 - ------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,962,408 - ------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.30% - ------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN CUSIP No. 80556P302 1. NAME OF REPORTING PERSON(S) Robert J. Suttman - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - ------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 0 BENEFICIALLY ------------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH 2,962,408 REPORTING ------------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH 0 ------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 2,962,408 - ------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,962,408 - ------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.30% - ------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN CUSIP No. 80556P302 1. NAME OF REPORTING PERSON(S) William E. Hazel - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - ------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 200 BENEFICIALLY ------------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH 2,962,408 REPORTING ------------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH 200 ------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 2,962,408 - ------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,962,608 - ------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.30% - ------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN CUSIP No. 80556P302 1. NAME OF REPORTING PERSON(S) Bernard J. Holtgreive - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States of America ------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 0 BENEFICIALLY ------------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH 2,962,408 REPORTING ------------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH 0 ------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 2,962,408 - ------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,962,408 - ------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.30% - ------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN Item 1. (a) Name of Issuer: Saxon Capital, Inc. ------------------------------------------------------------- (b) Address of Issuer's Principal Executive Offices: 4860 Cox Road, Suite 300 Glen Allen, VA 23060 ------------------------------------------------------------- Item 2. (a) Name of Person Filing: Eubel Brady & Suttman Asset Management, Inc. ("EBS") Ronald L. Eubel* Mark E. Brady* Robert J. Suttman* William E. Hazel* Bernard J. Holtgreive* *These individuals may, as a result of their ownership in and positions with EBS and other affiliated entities, be deemed to be indirect beneficial owners of the equity securities held by EBS and one affiliated entity, EBS Partners, LP. The filing of this statement shall not be deemed an admission by Ronald L. Eubel, Mark E. Brady, Robert J. Suttman, William E. Hazel or Bernard J. Holtgreive that any of them beneficially own the securities for which they report shared dispositive power and shared voting power, regardless of whether they are acting in concert or acting severally. ------------------------------------------------------------- (b) Address of Principal Business Office, or if None, Residence: 7777 Washington Village Drive Suite 210 Dayton, OH 45459 ------------------------------------------------------------- (c) Citizenship: Eubel Brady & Suttman Asset Management, Inc. - Delaware corporation Ronald L. Eubel, Mark E. Brady, Robert J. Suttman, William E. Hazel and Bernard J. Holtgreive - United States citizens ------------------------------------------------------------- (d) Title of Class of Securities: Common Stock ------------------------------------------------------------- (e) CUSIP Number: 80556P302 ------------------------------------------------------------- Item 3. (e) (x) Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 If this statement is filed pursuant to Rule 13d-1(c), check this box (x) Item 4. Ownership. (a) Amount Beneficially Owned Eubel Brady & Suttman Asset Management, Inc., 2,943,358 shares. Messrs. Eubel, Brady, Suttman, Hazel and Holtgreive may, as a result of their ownership in and positions with EBS and other affiliated entities, be deemed to be indirect beneficial owners of the 2,962,408 shares held by EBS and one affiliated entity, EBS Partners, LP. Mr. Eubel is the beneficial owner of an additional 490 shares. Mr. Hazel is the beneficial owner of an additional 200 shares. (b) Percent of Class Eubel Brady & Suttman Asset Management, Inc. 10.23% Messrs. Eubel, Brady, Suttman, Hazel and Holtgreive 10.30% (c) Number of Shares as to which the Person has: (i) Sole power to vote or direct the vote 490 (Mr. Eubel only) 200 (Mr. Hazel only) (ii) Shared power to vote or direct the vote 2,962,408 (Messrs. Eubel, Brady, Suttman, Hazel and Holtgreive) 2,943,358 (EBS) (iii) Sole power to dispose or to direct the disposition of 490 (Mr. Eubel only) 200 (Mr. Hazel only) (iv) Shared power to dispose or to direct the disposition of 2,962,408 (Messrs. Eubel, Brady, Suttman, Hazel and Holtgreive) 2,943,358 (EBS) Item 5. Ownership of Five Percent or Less of a Class. Inapplicable Item 6. Ownership of More Than Five Percent on Behalf of Another Person. Inapplicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Inapplicable Item 8. Identification and Classification of Members of the Group. Inapplicable Item 9. Notice of Dissolution of Group. Inapplicable Item 10. Certification. With respect to Eubel Brady & Suttman Asset Management, Inc.: Certification for Rule 13d-1(b): By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. With respect to Ronald L. Eubel, Mark E. Brady, Robert J. Suttman, William E. Hazel and Bernard J. Holtgreive: Certification for Rule 13d-1(c): By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURES With respect to all reporting persons: 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. Date: November 8, 2004 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT, INC. Signature: /s/ RONALD L. EUBEL ----------------------------------------------------------------- By: Ronald L. Eubel Title: Chief Investment Officer Signature: /s/ RONALD L. EUBEL ----------------------------------------------------------------- Name/Title Ronald L. Eubel Signature: /s/ MARK E. BRADY ----------------------------------------------------------------- Name/Title Mark E. Brady Signature: /s/ ROBERT J. SUTTMAN ----------------------------------------------------------------- Name/Title Robert J. Suttman Signature: /s/ WILLIAM E. HAZEL ----------------------------------------------------------------- Name/Title William E. Hazel Signature: /s/ BERNARD J. HOLTGREIVE ----------------------------------------------------------------- Name/Title Bernard J. Holtgreive * Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001). AGREEMENT The undersigned agree that this Schedule 13G dated November 8, 2004 relating to the Common Stock of Saxon Capital, Inc. shall be filed on behalf of the undersigned. /s/ EUBEL BRADY & SUTTMAN ASSET MANAGEMENT, INC. By: /s/ RONALD L. EUBEL ----------------- By: Ronald L. Eubel Title: Chief Investment Officer /s/ RONALD L. EUBEL -------------------------- Ronald L. Eubel /s/ MARK E. BRADY -------------------------- Mark E. Brady /s/ ROBERT J. SUTTMAN -------------------------- Robert J. Suttman /s/ WILLIAM E. HAZEL -------------------------- William E. Hazel /s/ BERNARD J. HOLTGREIVE -------------------------- Bernard J. Holtgreive -----END PRIVACY-ENHANCED MESSAGE-----