0000950154-01-500365.txt : 20011010 0000950154-01-500365.hdr.sgml : 20011010 ACCESSION NUMBER: 0000950154-01-500365 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20011009 GROUP MEMBERS: CANINE PARTNERS, LLC GROUP MEMBERS: DAVID W. WRIGHT GROUP MEMBERS: HENRY INVESTMENT TRUST, LP GROUP MEMBERS: HENRY PARTNERS, LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KREISLER MANUFACTURING CORP CENTRAL INDEX KEY: 0000056806 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT ENGINES & ENGINE PARTS [3724] IRS NUMBER: 221044792 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-31359 FILM NUMBER: 1754894 BUSINESS ADDRESS: STREET 1: 5960 CENTRAL AVE STE H CITY: ST PETERSBURG STATE: FL ZIP: 33707 BUSINESS PHONE: 8133471144 MAIL ADDRESS: STREET 1: 5960 CENTRAL AVE STREET 2: STE H CITY: ST PETERSBURG STATE: FL ZIP: 33707 FORMER COMPANY: FORMER CONFORMED NAME: KREISLER JACQUES MANUFACTURING CORP DATE OF NAME CHANGE: 19690115 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HENRY PARTNERS L P CENTRAL INDEX KEY: 0001038390 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 255 SOUTH 17TH STREET STREET 2: SUITE 2501 CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 2159854484 MAIL ADDRESS: STREET 1: 255 SOUTH 17TH STREET STREET 2: SUITE 2501 CITY: PHILADELPHIA STATE: PA ZIP: 19103 SC 13D/A 1 kreisler-13da_52413.txt AMENDMENT 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)* KREISLER MANUFACTURING CORPORATION -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.125 par value per share -------------------------------------------------------------------------------- (Title of Class of Securities) 500773106 -------------------------------------------------------------------------------- (CUSIP Number) Frederick W. Dreher, Esquire Duane, Morris & Heckscher LLP 4200 One Liberty Place Philadelphia, Pennsylvania 19103-7396 (215) 979-1234 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 4, 2001 -------------------------------------------------------------------------------- (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 schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box: [ ] NOTE: Schedules filed in paper format shall include a signed original and five copies of the Schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. *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 disclosures provided in a prior cover page. The information required on 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. 500773106 Page 2 of 8 Pages -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only) Henry Partners, L.P. 23-2888396 -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) -------- (b) X -------- -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS (See Instructions) N/A -------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware -------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES 0 shares BENEFICIALLY ---------------------------------------------------------- OWNED BY 8. SHARED VOTING POWER EACH 67,300 shares REPORTING ---------------------------------------------------------- PERSON 9. SOLE DISPOSITIVE POWER WITH 0 shares ---------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 67,300 shares -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 67,300 shares -------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.4% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON (See Instructions) PN -------------------------------------------------------------------------------- CUSIP No. 500773106 Page 3 of 8 Pages -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only) Henry Investment Trust, L.P. 23-2887157 -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) -------- (b) X -------- -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS (See Instructions) N/A -------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Commonwealth of Pennsylvania -------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES 0 shares BENEFICIALLY ---------------------------------------------------------- OWNED BY 8. SHARED VOTING POWER EACH 67,300 shares REPORTING ---------------------------------------------------------- PERSON 9. SOLE DISPOSITIVE POWER WITH 0 shares ---------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 67,300 shares -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 67,300 shares -------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.4% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON (See Instructions) PN -------------------------------------------------------------------------------- CUSIP No. 500773106 Page 4 of 8 Pages -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only) Canine Partners, LLC 25-1875422 -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) -------- (b) X -------- -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS (See Instructions) N/A -------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Commonwealth of Pennsylvania -------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES 0 shares BENEFICIALLY ---------------------------------------------------------- OWNED BY 8. SHARED VOTING POWER EACH 67,300 shares REPORTING ---------------------------------------------------------- PERSON 9. SOLE DISPOSITIVE POWER WITH 0 shares ---------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 67,300 shares -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 67,300 shares -------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.4% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON (See Instructions) OO -------------------------------------------------------------------------------- CUSIP No. 500773106 Page 5 of 8 Pages -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only) David W. Wright -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) -------- (b) X -------- -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS (See Instructions) N/A -------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States of America -------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES 22,800 shares BENEFICIALLY ---------------------------------------------------------- OWNED BY 8. SHARED VOTING POWER EACH 67,300 shares REPORTING ---------------------------------------------------------- PERSON 9. SOLE DISPOSITIVE POWER WITH 22,800 shares ---------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 67,300 shares -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 90,100 shares -------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.6% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON (See Instructions) IN -------------------------------------------------------------------------------- CUSIP No. 500773106 Page 6 of 8 Pages Item 1. Security and Issuer. ------ ------------------- This statement (the "Statement"), filed by Henry Partners, L.P. ("Henry"), Henry Investment Trust, L.P. ("HIT"), Canine Partners, LLC ("Canine") and David W. Wright ("Wright") (collectively, the "Reporting Persons"), relates to the common stock, par value $.125 per share (the "Common Stock"), of Kreisler Manufacturing Corporation (the "Issuer"). The principal executive offices of the Issuer are located at 5960 Central Avenue, Suite H, St. Petersburg, Florida 33707. Item 2. Identity and Background. ------ ----------------------- No change from Schedule 13D filed with the Securities and Exchange Commission on November 27, 2000. Item 3. Source and Amount of Funds or Other Consideration. ------ ------------------------------------------------- Not applicable. Item 4. Purpose of Transaction. ------ ---------------------- The Reporting Persons are filing this Amendment No. 1 to their Schedule 13D ("Amendment No. 1") to report the purchase and sale of shares of Common Stock of the Issuer. Effective October 4, 2001, the Reporting Persons ceased to be the beneficial owners of more than 5% of the Common Stock of the Issuer. Item 5. Interest in Securities of Issuer. ------ -------------------------------- (i) As of the date of this Statement, Henry beneficially owns 67,300 shares of Common Stock of the Issuer, which HIT, Canine and Wright may be deemed to beneficially own; constituting 3.4% of the Common Stock. In addition, as of the date of this Statement, Wright beneficially owns 22,800 shares of Common Stock of the Issuer. As such, in the aggregate, Wright may be deemed to beneficially own 90,100 shares of Common Stock of the Issuer; constituting 4.6% of the Common Stock. These percentages are based on the belief of the Reporting Persons that 1,966,047 shares of Common Stock of the Issuer were outstanding as of June 30, 2001, as set forth in the Issuer's most recent Form 10-KSB for the fiscal year ended June 30, 2001. (ii) Henry, HIT and Canine have shared voting and dispositive power with respect to 67,300 shares of the Issuer. Wright has sole voting and dispositive power with respect to 22,800 shares of the Issuer and shared voting and dispositive power with respect to such 67,300 shares of the Issuer, which represent the number of shares that may be deemed to be beneficially owned by Wright through his position as President of Canine. CUSIP No. 500773106 Page 7 of 8 Pages (iii) During the past 60 days, Henry engaged in the following transactions in shares of the Issuer: Number of Price Per Date Shares Purchased (Sold) Share ---- ----------------------- --------- 9/21/01 2,000 $5.08 9/25/01 1,400 $5.04 10/02/01 (15,500) $7.0621 10/04/01 (31,600) $8.663 Each of the above transactions were effected in the open market through the National Association of Securities Dealers, Inc. Automated Quotation System (Nasdaq). The Reporting Persons beneficially own no shares of the Issuer except as set forth herein. (iv) On October 4, 2001, the Reporting Persons ceased to be the beneficial owners of more than 5% of the Common Stock of the Issuer. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect ------- --------------------------------------------------------------------- to Securities of the Issuer. --------------------------- No change from Schedule 13D filed with the Securities and Exchange Commission on November 27, 2000. Item 7. Materials to be Filed as Exhibits. ------ --------------------------------- None. No joint filing agreement has been established, and this Amendment No. 1 has been signed by each filing party. CUSIP No. 500773106 Page 8 of 8 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. HENRY PARTNERS, L.P. by its General Partner, HENRY INVESTMENT TRUST, L.P., by its General Partner, CANINE PARTNERS, LLC Date: October 9, 2001 By: /s/ David W. Wright ------------------------------------------ David W. Wright, President HENRY INVESTMENT TRUST, L.P., by its General Partner, CANINE PARTNERS, LLC Date: October 9, 2001 By: /s/ David W. Wright ------------------------------------------- David W. Wright, President CANINE PARTNERS, LLC Date: October 9, 2001 By:/s/ David W. Wright ------------------------------------------- David W. Wright, President Date: October 9, 2001 /s/ David W. Wright ---------------------------------------------- DAVID W. WRIGHT