-----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, CpaPbpXDFnRd5B3E2t0Iaisw/akq/rM3QWGprNYDRKFLQHY6QA0ordnFIum7+bYr HGw7neb4wt2Vb3GI+kckVw== 0000897226-96-000002.txt : 19960208 0000897226-96-000002.hdr.sgml : 19960208 ACCESSION NUMBER: 0000897226-96-000002 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960207 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ELECTRO RENT CORP CENTRAL INDEX KEY: 0000032166 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 952412961 STATE OF INCORPORATION: CA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-31397 FILM NUMBER: 96512487 BUSINESS ADDRESS: STREET 1: 6060 SEPULVEDA BLVD CITY: VAN NUYS STATE: CA ZIP: 91411 BUSINESS PHONE: 8187862525 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PRIVATE CAPITAL MANAGEMENT INC /FL CENTRAL INDEX KEY: 0000897226 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 592756929 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 3003 TAMIAMI TRAIL NORTH CITY: NAPLES STATE: FL ZIP: 33940 BUSINESS PHONE: 8132614455 MAIL ADDRESS: STREET 1: 3003 TAMIAMI TRAIL NORTH STREET 2: 3003 TAMIAMI TRAIL NORTH CITY: NAPLES STATE: FL ZIP: 33940 SC 13G/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G - AMENDMENT 1 (Name of Issuer) Electro Rent Corporation (Title of Class of Securities) Common Stock (CUSIP Number) 285218103 NAME OF REPORTING PERSON Private Capital Management, Inc. I.R.S. IDENTIFICATION NO. 59-2756929 MEMBER OF A GROUP? (b) X PLACE OF ORGANIZATION Florida NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: SOLE VOTING POWER 0 SHARED VOTING POWER 0 SOLE DISPOSITIVE POWER 0 SHARED DISPOSITIVE POWER 973500 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 973500 PERCENT OF CLASS REPRESENTED BY AGGREGATE AMOUNT BENEFICIALLY OWNED 8.2% TYPE OF REPORTING PERSON IA NAME OF REPORTING PERSON SPS Partners, L.P. I.R.S. IDENTIFICATION NO. 65-0496234 MEMBER OF A GROUP? (b) X PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: SOLE VOTING POWER 0 SHARED VOTING POWER 0 SOLE DISPOSITIVE POWER 0 SHARED DISPOSITIVE POWER 90000 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 90000 PERCENT OF CLASS REPRESENTED BY AGGREGATE AMOUNT BENEFICIALLY OWNED .8% TYPE OF REPORTING PERSON IA NAME OF REPORTING PERSON Bruce S. Sherman I.R.S. IDENTIFICATION NO. ###-##-#### MEMBER OF A GROUP? (b) X CITIZENSHIP U.S. Citizen NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: SOLE VOTING POWER 0 SHARED VOTING POWER 0 SOLE DISPOSITIVE POWER 0 SHARED DISPOSITIVE POWER 1063500 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1063500 AGGREGATE AMOUNT BENEFICIALLY OWNED EXCLUDES CERTAIN SHARES (yes) PERCENT OF CLASS REPRESENTED BY AGGREGATE AMOUNT BENEFICIALLY OWNED 9.0% TYPE OF REPORTING PERSON IN NAME OF REPORTING PERSON Gregg J. Powers I.R.S. IDENTIFICATION NO. ###-##-#### MEMBER OF A GROUP? (b) X CITIZENSHIP U.S. Citizen NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: SOLE VOTING POWER 4500 SHARED VOTING POWER 675 SOLE DISPOSITIVE POWER 4500 SHARED DISPOSITIVE POWER 675 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5175 AGGREGATE AMOUNT BENEFICIALLY OWNED EXCLUDES CERTAIN SHARES (yes) PERCENT OF CLASS REPRESENTED BY AGGREGATE AMOUNT BENEFICIALLY OWNED .0% TYPE OF REPORTING PERSON IN NAME OF REPORTING PERSON George F. Hamel, Jr. I.R.S. IDENTIFICATION NO. ###-##-#### MEMBER OF A GROUP? (b) X CITIZENSHIP U.S. Citizen NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: SOLE VOTING POWER 1125 SHARED VOTING POWER 675 SOLE DISPOSITIVE POWER 1125 SHARED DISPOSITIVE POWER 675 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1800 AGGREGATE AMOUNT BENEFICIALLY OWNED EXCLUDES CERTAIN SHARES (yes) PERCENT OF CLASS REPRESENTED BY AGGREGATE AMOUNT BENEFICIALLY OWNED .0% TYPE OF REPORTING PERSON IN NAME OF REPORTING PERSON Michael J. Seaman I.R.S. IDENTIFICATION NO. ###-##-#### MEMBER OF A GROUP? (b) X CITIZENSHIP U.S. Citizen NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: SOLE VOTING POWER 0 SHARED VOTING POWER 11000 SOLE DISPOSITIVE POWER 0 SHARED DISPOSITIVE POWER 11000 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11000 AGGREGATE AMOUNT BENEFICIALLY OWNED EXCLUDES CERTAIN SHARES (yes) PERCENT OF CLASS REPRESENTED BY AGGREGATE AMOUNT BENEFICIALLY OWNED .1% TYPE OF REPORTING PERSON IN ITEMS 1 - 10 OF GENERAL INSTRUCTIONS Item 1. (a)Name of Issuer: Electro Rent Corporation (b)Address of Issuer: 6060 Sepulveda Blvd, Van Nuys, CA 91411 Item 2. (a)Name of Person Filing: See Exhibit 1 (b)Address of Person Filing:3003 Tamiami Trail N., Naples, FL 33940 (c)Citizenship: See Exhibit 1 (d)Title of Class of Securities: Common Stock (e)CUSIP Number: 285218103 Item 3. The reporting person is filing as an Investment Adviser registered under section 203 of the Investment Advisers Act of 1940. Item 4. Ownership (a)Amount Beneficially Owned: See Exhibit 1 (b)Percent of Class: See Exhibit 1 (c)Number of Shares as to which such person has: (i)sole power to vote or to direct the vote: See Exhibit 1 (ii)shared power to vote or to direct the vote: See Exhibit 1 (iii)sole power to dispose or to direct the disposition of: See Exhibit 1 (iv)shared power to dispose or to direct the disposition of: See Exhibit 1 Item 5. Ownership of Five Percent or Less of Class: N/A Item 6. Ownership of More than Five Percent on Behalf of Another Person: N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: N/A Item 8. Identification and Classification of Members of the Group: See Exhibit 1 Item 9. Notice of Dissolution of Group: N/A Item 10. Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. SIGNATURE 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: See Exhibit 2 Signature: See Exhibit 2 Name/Title: See Exhibit 2 Exhibit 1 Item 2. (a) Name of Person Filing 1) Private Capital Management, Inc. 2) *SPS Partners, L.P. 3) *Bruce S. Sherman 4) *Gregg Powers 5) *George F. Hamel, Jr. 6) *Michael J. Seaman (c)Citizenship 1) Florida 2) Delaware 3) U.S. 4) U.S. 5) U.S. 6) U.S. Item 4. (a) Amount Beneficially Owned 1) 973500 2) 90000 3) 1063500 4) 5175 5) 1800 6) 11000 (b) Percent of Class 1) 8.2 2) .8 3) 9.0 4) .0 5) .0 6.) .1 (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 1) 0 2) 0 3) 0 4) 4500 5) 1125 6) 0 (ii) shared power to vote or to direct the vote 1) 0 2) 0 3) 0 4) 675 5) 675 6) 11000 (iii) sole power to dispose or to direct the disposition of 1) 0 2) 0 3) 0 4) 4500 5) 1125 6) 0 (iv) shared power to dispose or to direct the disposition of 1) 973500 2) 90000 3) 1063500 4) 675 5) 675 6) 11000 *Bruce S. Sherman is President of Private Capital Management, Inc. ("PCM") and exercises shared dispositive power with respect to shares held by it on behalf of its clients. Mr. Sherman is also the Managing General Partner of SPS Partners, L.P. ("SPS") which acts as the Investment Advisor for the Entrepreneurial Value Fund, L.P. ("EVF"), and exercises shared dispositive power with respect to those shares. Mssrs. Power, Hamel, and Seaman are employees of PCM or affiliates thereof and each (i) does not exercise sole or shared dispositive or voting powers with respect to shares held by PCM or SPS, (ii) disclaims beneficial ownership of shares held by each other, Mr. Sherman, PCM and SPS, and (iii) disclaims, along with Mr. Sherman,the existence of a group. Exhibit 2 Signature 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: February 7, 1996 Bruce S. Sherman President of Private Capital Management, Inc. Bruce S. Sherman Managing General Partner of SPS Partners, L.P. Bruce S. Sherman Individually Gregg J. Powers, Individually George F. Hamel, Jr., Individually Michael J. Seaman, Individually -----END PRIVACY-ENHANCED MESSAGE-----