-----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, GJiv3fRFH1Fcmxiv7Tv9UoBt0DxhMGhz2colAkf7GFqkKarYFUN0ffGZRL0gkkZN nfUjDyJPQyiFH7AlxPjiRQ== 0000890566-96-000561.txt : 19960605 0000890566-96-000561.hdr.sgml : 19960605 ACCESSION NUMBER: 0000890566-96-000561 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960604 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INDUSTRIAL HOLDINGS INC CENTRAL INDEX KEY: 0000879884 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080] IRS NUMBER: 760289495 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-41982 FILM NUMBER: 96576727 BUSINESS ADDRESS: STREET 1: 7135 ARDMORE CITY: HOUSTON STATE: TX ZIP: 77054 BUSINESS PHONE: 7137471025 MAIL ADDRESS: STREET 1: 7135 ARDMORE CITY: HOUSTON STATE: TX ZIP: 77054 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ST JAMES CAPITAL CORP CENTRAL INDEX KEY: 0001016126 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 760478200 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 5599 SAN FELIPE STREET 2: SUITE 301 CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 7139934600 SC 13D 1 SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 INDUSTRIAL HOLDINGS, INC. (Name of issuer) COMMON STOCK, PAR VALUE $.01 PER SHARE (Title of class of securities) 456160100 (CUSIP number) JOHN THOMPSON ST. JAMES CAPITAL CORP. 5599 SAN FELIPE, SUITE 301 HOUSTON, TEXAS 77057 (Name, address and telephone number of person authorized to receive notices and communications) MAY 17, 1996 (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(b)(3) or (4), check the following box. [ ] Check the following box if a fee is being paid with this statement. [X] 1 CUSIP No. 456160100 - ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSONS St. James Capital Corp. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS 76-0478200 - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - ------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS WC - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER 295,000 SHARES ------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER 0 OWNED BY ------------------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER 295,000 REPORTING ------------------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 295,000 - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES[ ] - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.2 - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ 2 ITEM 1. SECURITY AND ISSUER. St. James Capital Corporation ("SJCC") has acquired beneficial ownership (the "Acquisition") of 295,000 shares (the "Shares")of the common stock, par value $.01 per share (the "Common Stock"), of Industrial Holdings, Inc., a Texas corporation ("IHI"). ITEM 2. IDENTITY AND BACKGROUND. SJCC is the sole general partner of St. James Capital Partners, L.P., an investment limited partnership (the "Partnership"). The address of SJCC's offices is 5599 San Felipe, Suite 301, Houston, Texas 77057. SJCC has never been convicted in a criminal proceeding and has never been a party to a civil proceeding. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. All of the funds used in the Acquisition came from current working capital of the Partnership. ITEM 4. PURPOSE OF TRANSACTION. The purpose of the Acquisition is investment in the Common Stock. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. SJCC beneficially owns the Shares, which represent 8.2% of the outstanding Common Stock. SJCC has the sole power to vote or dispose the Shares. The limited partners of the Partnership may have the right to receive certain proceeds of the disposition of the Shares pursuant to the Partnership's Agreement of Limited Partnership (the "Partnership Agreement"). ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. The Partnership has entered into an Agreement of Purchase and Sale with IHI regarding the purchase of the Shares, which includes an agreement by the Partnership that it will not transfer the Shares in violation of the Securities Act of 1933 (the "Securities Act"). 80,000 of the Shares are issuable pursuant to warrants to purchase Common Stock held by SJCC. The Partnership has also entered into a Registration Rights Agreement with IHI regarding the registration of the Shares under the Securities Act. The general partner and the limited partners of the Partnership are entitled to profits and losses resulting from any disposition of the Shares in accordance with the provisions of the Partnership Agreement. Except as set forth above, no contract, agreement, understanding or relationship relates to the transfer or voting of any security, finder's fee, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies. ITEM 7. EXHIBITS. None. 3 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. JUNE 3, 1996 (Date) /S/ JOHN THOMPSON JOHN THOMPSON, PRESIDENT (Name/Title) 4 -----END PRIVACY-ENHANCED MESSAGE-----