-----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, SR/YuhikRxwC0ONJ9ALc6uJfK+D5s8DfpdpwdzZCzmxJ+vKPH260rTzMNCIcQTm2 VDxyUoyz0Ls5j3lAHgtCKA== 0000915656-95-000063.txt : 19951002 0000915656-95-000063.hdr.sgml : 19951002 ACCESSION NUMBER: 0000915656-95-000063 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19950926 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COMPUDYNE CORP CENTRAL INDEX KEY: 0000022912 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 231408659 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-36588 FILM NUMBER: 95576211 BUSINESS ADDRESS: STREET 1: 90 STATE HOUSE SQ CITY: HARTFORD STATE: CT ZIP: 06103-3720 BUSINESS PHONE: 2032477611 MAIL ADDRESS: STREET 1: 90 STATE HOUSE SQ CITY: HARTFORD STATE: CT ZIP: 06103 FORMER COMPANY: FORMER CONFORMED NAME: CDC CONTROL SERVICES INC DATE OF NAME CHANGE: 19680510 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CORCAP INC CENTRAL INDEX KEY: 0000835176 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING SERVICES [8711] IRS NUMBER: 061237135 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 90 STATE HOUSE SQ STREET 2: STE 2121 12TH FLR CITY: HARTFORD STATE: CT ZIP: 06103-3720 BUSINESS PHONE: 2032477611 MAIL ADDRESS: STREET 1: 90 STATE HOUSE SQ CITY: HARTFORD STATE: CT ZIP: 06103 SC 13D/A 1 AMENDMENT 8 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Amendment No. 8 CompuDyne Corporation _____________________ (Name of Issuer) Common Stock (Par Value $.75 Per Share) _______________________________________ (Title of Class of Securities) 20479530 6 ______________ (CUSIP Number) Corcap, Inc. 90 State House Square Hartford, Connecticut 06103-3720 203-247-7611 with a copy to: Kathleen A. Maher, Esq. Tyler Cooper & Alcorn 205 Church Street P.O. Box 1936 New Haven, CT 06509-1910 (203) 784-8234 _______________________________________________________ (Name, address and telephone number of person authorized to receive notices and communications) September 15, 1995 (Dates of events which require filing of this Statement) If the filing person has previously filed a statement on Schedule 13D to report the acquisition which is the subject of this Schedule 13D, and is filing this Schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Check the following box if a fee is being paid with this statement [ ]. CUSIP No. 20479530 6 ____________________ (1) Name of Reporting Person; I.R.S. Id. Nos.: Corcap, Inc. 06-1237135 (2) Check the Appropriate Box if a Member of a Group: (a) ____ (b) ____ (3) SEC USE ONLY: (4) Source of Funds: (OO) (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): [ ] (6) Citizenship or Place of Organization: Nevada Number of Shares Beneficially Owned by Reporting Person With: (7) Sole Voting Power: 446,881 (8) Shared Voting Power: 0 (9) Sole Dispositive Power: 446,881 (10) Shared Dispositive Power: 0 (11) Aggregate Amount Beneficially Owned By Reporting Person: 446,881 (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares: [ ] (13) Percent of Class Represented by Amount in Row (11): 25.5% Based on Issued and Outstanding; 12.6% Fully Diluted (14) Type of Reporting Person: CO ITEM 1. SECURITY AND ISSUER. The class of securities to which this Schedule 13D relates is the common stock, par value $0.75 per share ("Common Stock") of CompuDyne Corporation ("CompuDyne"), a Pennsylvania corporation. The address of CompuDyne's principal executive offices is 90 State House Square, Hartford, Connecticut 06103-3720 through October 31, 1995. After such date, its address will be 120 Union Street, Willimantic, Connecticut 06206. ITEM 2. IDENTITY AND BACKGROUND. (a) - (c) This Amendment is filed by Corcap, Inc., a Nevada corporation ("Corcap"), whose address and principal place of business is located at 90 State House Square, Hartford, Connecticut 06103-3720. (d) and (e) Neither Corcap nor, to the best knowledge of Corcap, any executive officer, director or controlling person of Corcap has, during the last five years, been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors), or has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he or she was or is 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 violation with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Corcap is reporting the disposition of 224,000 shares of CompuDyne Common Stock. Corcap is not reporting the purchase of any securities. ITEM 4. PURPOSE OF TRANSACTION. The purpose of the disposition of the 224,000 shares reported in this Schedule 13D is to satisfy Corcap's minimum funding obligations for the 1992, 1993 and 1994 Plan Years of two of its employee pension plans: Corcap, Inc. Pension Plan 1A ("Plan 1A") and Corcap Inc. Pension Plan 6B ("Plan 6B")(Plan 1A and Plan 6B are collectively referred to as the "Constituent Plans"), as required under Section 412 of the Internal Revenue Code of 1986, as amended (the "Code"), in the amount of approximately $448,000. The Constituent Plans comprise, and are administered through, a single trust: the Corcap, Inc. Pooled Pension Investment Trust (the "Trust"). Corcap has contributed 143,600 shares of Common Stock to Plan 1A and 80,400 shares of Common Stock to Plan 6B (together, the "Shares"). The making of such contributions in property may constitute a "prohibited transaction" within the meaning of Section 4975 of the Code and Section 406 of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). Corcap intends to file an application with the Department of Labor ("DoL") seeking Prohibited Transaction Exemptions with respect to the transfer of the Shares of Common Stock to each of the respective Constituent Plans. Under an Agreement, dated as of September 6, 1995, among Corcap, Plan 1A and Plan 6B, the contribution of the Shares to each of the Constituent Plans has been made conditional upon the DoL granting the relief sought under the Prohibited Transaction Exemptions application. In the event the DoL does not grant the relief sought under the application for the Prohibited Transaction Exemptions, the Trustee of the Constituent Plans will promptly return the shares to Corcap. Unless and until such return is required, the Trustee of the Constituent Plans will be deemed the record and beneficial owner (in trust) of the Shares. Corcap has no present plans or proposals which relate to, or would result in, an extraordinary corporate transaction, such as a merger, reorganization or liquidation of CompuDyne, the sale or transfer of a material amount of the assets of CompuDyne, any change in the present management of CompuDyne, any material change in the present capitalization or dividend policy of CompuDyne, any other material change in CompuDyne's business or corporate structure, any changes in CompuDyne's charter or by-laws which may impede the acquisition of control of CompuDyne by any person, causing any class of securities of CompuDyne to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association, causing any class of equity securities of CompuDyne becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended, or any action similar to those enumerated above. Corcap may sell its remaining holdings over time under applicable rules of the Securities Act of 1933, as amended. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) Corcap now has beneficial ownership of 446,881 of CompuDyne's Common Stock which is approximately 25.5% of CompuDyne's issued and outstanding stock as of September 15, 1995, or 12.6% on a fully diluted basis (as more fully described in Amendment No. 7 to this Schedule 13D). (b) Corcap has the sole power to vote or direct the vote of, and the sole power to dispose or direct the disposition of, the 446,881 shares of CompuDyne Common Stock reported in this Amendment. (c) None. (d) Corcap is aware of no other person having any right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the 446,881 shares of CompuDyne Common Stock beneficially owned by Corcap. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Except as described in prior amendments to this Schedule 13D, Corcap has no contracts, arrangements, understandings or relationships concerning the CompuDyne Common Stock which relate to such matters as transfer or voting of any such securities, finder's fees, joint ventures, loan or option agreements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies, and no such contract, arrangement, understanding or relationship exists between Corcap and CompuDyne. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. (1) Agreement by and between Corcap, Inc. and Corcap, Inc. Pension Plan No. 1A and Corcap, Inc. Pension Plan No. 6B, dated September 6, 1995. 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. Date: September 25, 1995 CORCAP, INC. /s/ Diane Burns, President By____________________________ Diane Burns, President EX-1 2 EXHIBIT 1 - AGREEMENT AGREEMENT AGREEMENT, dated as of September 6, 1995, between CORCAP, INC., a Nevada corporation (the "Corporation"), and CORCAP, INC. PENSION PLAN NO. 1A ("Plan 1A") acting herein by and through MARTIN ROENIGK, TRUSTEE; and CORCAP PENSION PLAN NO. 6B ("Plan 6B") acting herein by and through MARTIN ROENIGK, TRUSTEE (Plan 1A and Plan 6B are collectively referred to herein as the "Plans"; MARTIN ROENIGK, as Trustee of Plan 1A, is referred to herein as the "Plan 1A Trustee";, and MARTIN ROENIGK, as Trustee of Plan 6B, is referred to herein as the "Plan 6B Trustee"). WHEREAS, the Corporation intends to contribute 143,600 shares of CompuDyne Common Stock, par value $.75 per share "(Compudyne Common Stock"), to Plan 1A and 80,400 shares (collectively, the "Shares") of CompuDyne Common Stock to Plan 6B in satisfaction of its minimum funding obligations for the 1992, 1993 and 1994 Plan Years of each of the Plans, as required under Section 412 of the Internal Revenue Code of 1986, as amended (the "Code"); and WHEREAS, the making of such contribution in property constitutes a "prohibited transaction" within the meaning of Section 4975 of the Code and Section 406 of the Employee Retirement Income Security Act of 1974, as amended; and WHEREAS, the Corporation intends to file an application with the Department of Labor ("DoL") seeking a Prohibited Transaction Exemption with respect to the transfer of the Shares to each of the respective Plans; and WHEREAS, the contribution of the Shares to each of the Plans has been made conditional upon the DoL granting the relief sought under the prohibited Transaction Exemption application; NOW THEREFORE, for and in consideration of the premises and other good and valuable consideration, the receipt of which is hereby acknowledged, and intending to be legally bound, the parties hereto covenant and agree as follows: 1. CONTRIBUTION OF SHARES. The Corporation shall transfer 143,600 shares of CompuDyne Common Stock to the Plan 1A Trustee and 80,400 shares of CompuDyne Common Stock to the Plan 6B Trustee no later than September 15, 1995 to satisfy the Corporation's minimum funding obligation under Section 412 of the Code for the Plan Years of the respective Plans ended December 31, 1992, December 31, 1993 and December 31, 1994. Such transfer shall, with respect to each Plan, be conditional upon the receipt of the Prohibited Transaction Exemption described in Paragraph 2 below. Upon such transfer, the Trustee of the respective Plans shall be deemed the record and beneficial owner (in trust) of the portion of the Shares transferred to him for all purposes. 2. PROHIBITED TRANSACTION EXEMPTION APPLICATION. The Corporation shall file applications for Prohibited Transaction Exemptions, acceptable in form and substance to the respective Plan 1A Trustee and the Plan 6B Trustee, with the DoL as soon as practicable and shall provide each Trustee with evidence of the same. The Corporation shall provide each Trustee with a copy of all correspondence between the Corporation and the DoL relating to such application promptly upon receipt of the same by the Corporation. 3. RETURN OF SHARES. In the event the DoL does not grant the relief sought under the applications for Prohibited Transaction Exemptions, each Trustee shall promptly return to the Corporation the portion of the Shares transferred to him pursuant hereto by the Corporation. Upon such return, the Corporation shall be deemed the record and beneficial owner of the Shares for all purposes. 4. RESTRICTIONS ON TRANSFER, ENCUMBRANCES, ETC. Unless and until the DoL grants the relief sought under the exemption application, neither Trustee shall sell, transfer, assign or otherwise dispose of the portion of the Shares transferred to him by the Corporation hereunder, nor shall he, directly or indirectly, create, incur, issue, assume or suffer to exist, contingently or otherwise, any lien, hypothecation or other encumbrance upon the Shares; provided, however, that the Trustee may sell the shares so long as the net sales price for the shares is in excess of $2.00 per share. 5. INDEMNIFICATION. To the greatest extent permitted by law, the Corporation agrees to indemnify and hold harmless each Trustee and the respective Plans (each, an "Indemnified Party") from and against any and all claims, liabilities, losses and damages (or actions in respect thereof), including reasonable attorney's fees, in any way related to or arising out of this Agreement or the transfer of the Shares to the Plans. If any action is brought against either Trustee or either of the Plans in respect of which indemnity may be sought against the Corporation pursuant to the foregoing paragraph, the Indemnified Party shall promptly notify the Corporation in writing of the institution of such action and the Corporation shall assume the defense of such action, including the employment of counsel and payment of expenses. Each Indemnified Party shall have the right to employ its or their own counsel in any such case, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless the employment of such counsel shall have been authorized in writing by the Corporation in connection with the defense of such action or the Corporation shall not have employed counsel to have charge of the defense of such action, in which event such fees and expenses shall be borne by the Corporation. The Corporation shall not be liable for any settlement of any such action or proceeding effected without the Corporation's written consent, which consent shall not be unreasonably withheld. 6. COUNTERPARTS. This Agreement may be executed simultaneously in two or more counterparts, any one of which need not contain the signatures of more than one party, but all such counterparts taken together will constitute one and the same Agreement. 7. DESCRIPTIVE HEADINGS. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a part of this Agreement. 8. GOVERNING LAW. THIS AGREEMENT AND THE RESPECTIVE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CONNECTICUT. IN WITNESS WHEREOF, the parties hereto have execute this Agreement on the date first above written. CORCAP, INC. /s/ Diane Burns By____________________________ Diane Burns President CORCAP, INC. PENSION PLAN NO.1A BY MARTIN ROENIGK, TRUSTEE /s/ Martin Roenigk By________________________________ MARTIN ROENIGK, TRUSTEE CORCAP PENSION PLAN NO. 6B BY MARTIN ROENIGK, TRUSTEE /s/ Martin Roenigk By_______________________________ MARTIN ROENIGK, TRUSTEE -----END PRIVACY-ENHANCED MESSAGE-----