-----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, Rnbdc6QQeV+BYfVp54nWZeUNWjPTTHtkL2wD+TkL0NBtKizf9jbROFWUy5dIUTmj ugTZTAkI1FDlcLEkGEoV+A== 0000932440-00-000031.txt : 20000209 0000932440-00-000031.hdr.sgml : 20000209 ACCESSION NUMBER: 0000932440-00-000031 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000208 GROUP MEMBERS: FOREST INVESTMENT MANAGEMENT LLC /ADV GROUP MEMBERS: FOUNDERS FINANCIAL GROUP, L.P. GROUP MEMBERS: MICHAEL A. BOYD GROUP MEMBERS: MICHAEL A. BOYD, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DRS TECHNOLOGIES INC CENTRAL INDEX KEY: 0000028630 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 132632319 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-35380 FILM NUMBER: 526204 BUSINESS ADDRESS: STREET 1: 3RD FLOOR STREET 2: 5 SYLVAN WAY CITY: PARSIPPANY STATE: NJ ZIP: 07054 BUSINESS PHONE: 9738981500 MAIL ADDRESS: STREET 1: 16 THORNTON RD CITY: OAKLAND STATE: NJ ZIP: 07436 FORMER COMPANY: FORMER CONFORMED NAME: DIAGNOSTIC RETRIEVAL SYSTEMS INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FOREST INVESTMENT MANAGEMENT LLC /ADV CENTRAL INDEX KEY: 0000895984 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 061354491 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 53 FOREST AVE CITY: OLD GREENWICH STATE: CT ZIP: 06870 BUSINESS PHONE: 2036377773 MAIL ADDRESS: STREET 1: 53 FOREST AVENUE CITY: OLD GREENWICH STATE: CT ZIP: 06870 FORMER COMPANY: FORMER CONFORMED NAME: FOREST INVESTMENT MANAGEMENT LLC /ADV DATE OF NAME CHANGE: 19980217 SC 13G 1 SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------------- SCHEDULE 13G (RULE 13d - 102) ------------------- INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED PURSUANT TO 13D-2 (AMENDMENT NO. 2)1 DRS TECHNOLOGIES, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON - -------------------------------------------------------------------------------- (Title of Class of Securities) 252456405 - -------------------------------------------------------------------------------- (CUSIP Number) - -------------------------------------------------------------------------------- (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) |_| Rule 13d-1(c) |_| Rule 13d-1(d) - ----------------- 1 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 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. 252456405 13G Page 2 of 9 Pages - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATIONS NO.(S) OF ABOVE PERSONS (ENTITIES ONLY) FOREST INVESTMENT MANAGEMENT LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 739,661 NUMBER OF SHARES 6 SHARED VOTING POWER BENEFICIALLY ZERO OWNED BY EACH 7 SOLE DISPOSITIVE POWER REPORTING 739,661 PERSON WITH 8 SHARED DISPOSITIVE POWER ZERO - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 739,661 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.61% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 2 - -------------------------------------------------------------------------------- CUSIP NO. 252456405 13G Page 3 of 9 Pages - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATIONS NO.(S) OF ABOVE PERSONS (ENTITIES ONLY) FOUNDERS FINANCIAL GROUP, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 739,661 NUMBER OF SHARES 6 SHARED VOTING POWER BENEFICIALLY ZERO OWNED BY EACH 7 SOLE DISPOSITIVE POWER REPORTING 739,661 PERSON WITH 8 SHARED DISPOSITIVE POWER ZERO - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 739,661 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.61% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 3 - -------------------------------------------------------------------------------- CUSIP NO. 252456405 13G Page 4 of 9 Pages - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATIONS NO.(S) OF ABOVE PERSONS (ENTITIES ONLY) MICHAEL A. BOYD, INC. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION CONNECTICUT - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 739,661 NUMBER OF SHARES 6 SHARED VOTING POWER BENEFICIALLY ZERO OWNED BY EACH 7 SOLE DISPOSITIVE POWER REPORTING 739,661 PERSON WITH 8 SHARED DISPOSITIVE POWER ZERO - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 739,661 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.61% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 4 - -------------------------------------------------------------------------------- CUSIP NO. 252456405 13G Page 5 of 9 Pages - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATIONS NO.(S) OF ABOVE PERSONS (ENTITIES ONLY) MICHAEL A. BOYD - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 739,661 NUMBER OF SHARES 6 SHARED VOTING POWER BENEFICIALLY ZERO OWNED BY EACH 7 SOLE DISPOSITIVE POWER REPORTING 739,661 PERSON WITH 8 SHARED DISPOSITIVE POWER ZERO - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 739,661 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.61% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 5 ITEM 1(A). NAME OF ISSUER DRS Technologies, Inc. (the "Issuer"). ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES The Issuer's principal executive offices are located at 5 Sylvan Way, Parsippany, New Jersey 07054. ITEM 2(A). NAMES OF PERSON(S) FILING This statement is filed by the following persons: (1) Forest Investment Management LLC, an Investment Advisor registered under the Investment Advisors Act of 1940, as amended ("Forest"); (2) Founders Financial Group L.P. ("Founders"), in its capacity as the owner of a controlling interest in Forest; (3) Michael A. Boyd, Inc. ("MAB, Inc."), in its capacity as the general partner of Founders; and (4) Michael A. Boyd ("Mr. Boyd"), in his capacity as the sole director and shareholder of MAB, Inc., (collectively, the "Filing Parties"). ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE The principal business office of each of the Filing Parties is 53 Forest Avenue, Old Greenwich, Connecticut 06870. ITEM 2(C). CITIZENSHIP Forest is a Delaware Limited Liability Company. Founders is a Delaware limited partnership. MAB, Inc. is a Connecticut corporation. Mr. Boyd is a United States citizen. ITEM 2(D). TITLE OF CLASS OF SECURITIES This statement relates to shares of Common Stock, par value $.01 per share (the "Common Stock"), of the Issuer. ITEM 2(E). CUSIP NUMBER 252456405. ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(c) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS: (a) |_| Broker or dealer registered under Section 15 of the Exchange Act; (b) |_| Bank as defined in Section 3(a)(6) of the Exchange Act; (c) |_| Insurance company as defined in Section 3(a)(19) of the Exchange Act; (d) |_| Investment company registered under Section 8 of the Investment Company Act; (e) |X| An investment adviser in accordance with Rule 13d-1(b) (1)(ii)(E); 6 (f) |_| An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(ii)(F); (g) |_| A parent holding company or control person in accordance with Rule 13d-1(b)(ii)(G); (h) |_| A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) |_| A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J). ITEM 4. OWNERSHIP (A) AMOUNT BENEFICIALLY OWNED Each of Forest, Founders, MAB, Inc. and Mr. Boyd beneficially owns 739,661 shares of Issuer's Common Stock. (B) PERCENT OF CLASS Each of Forest, Founders, MAB, Inc. and Mr. Boyd owns 7.61% of the Issuer's Common Stock. (C) POWER TO VOTE OR DIRECT THE VOTE AND DISPOSE OR DIRECT THE DISPOSITION OF SECURITIES (I) SOLE POWER TO VOTE OR TO DIRECT THE VOTE Each of Forest, Founders, MAB, Inc. and Mr. Boyd has sole power to vote or to direct the vote of the 739,661 shares of Common Stock. (II) SHARED POWER TO VOTE OR TO DIRECT THE VOTE Not applicable. (III) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF Each of Forest, Founders, MAB, Inc. and Mr. Boyd has sole power to dispose or to direct the disposition of the 739,661 shares of Common Stock. (IV) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF Not applicable. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: |_| ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Not applicable. 7 ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not applicable. ITEM 10. CERTIFICATIONS 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. 8 SIGNATURES After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certify that the information set forth in this statement is true, complete and correct. FOREST INVESTMENT MANAGEMENT LLC Dated: February 4, 2000 By: /S/ MICHAEL A. BOYD ------------------------------------ Michael A. Boyd, Chairman FOUNDERS FINANCIAL GROUP, L.P. Dated: February 4, 2000 By: /S/ MICHAEL A. BOYD ------------------------------------ Michael A. Boyd, Chairman MICHAEL A. BOYD, INC. Dated: February 4, 2000 By: /S/ MICHAEL A. BOYD ------------------------------------ Michael A. Boyd, President MICHAEL A. BOYD Dated: February 4, 2000 By: /S/ MICHAEL A. BOYD ------------------------------------ Michael A. Boyd 9 -----END PRIVACY-ENHANCED MESSAGE-----