-----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, UYPfXef9a5DzsRxCP9Byti5Ush4GemhIDwNr6944Fw7XTjWTDOjUvOqqvb1gnIAz OfGlJAR3+9KilIcfCx7acw== 0000950123-95-002929.txt : 19951018 0000950123-95-002929.hdr.sgml : 19951018 ACCESSION NUMBER: 0000950123-95-002929 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19951017 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ITT EDUCATIONAL SERVICES INC CENTRAL INDEX KEY: 0000922475 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 362061311 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-44209 FILM NUMBER: 95581251 BUSINESS ADDRESS: STREET 1: 5975 CASTLE CREEK PARKWAY N DR STREET 2: PO BOX 50466 CITY: INDIANAPOLIS STATE: IN ZIP: 46250 BUSINESS PHONE: 3175949499 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ITT DESTINATIONS INC CENTRAL INDEX KEY: 0001001149 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 880340591 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 1330 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2122581000 MAIL ADDRESS: STREET 1: 1330 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D 1 SCHEDULE 13D 1 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )* ITT Educational Services, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 45068B 10 9 (CUSIP Number) ITT Corporation Richard S. Ward 1330 Avenue of the Americas (212) 258-1327 New York, NY 10019 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 29, 1995 (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 the statement / X /. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of less than five percent of such class. See Rule 13d-7.) Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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. Page 1 of 31 2 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. 45068B 10 9 1) Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person ITT Destinations, Inc. 88-03400591 - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (a) /___/ (See Instructions) (b) /___/ - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceeding is Required Pursuant to Items 2(d) or 2(e) /___/ - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization Nevada - -------------------------------------------------------------------------------- Number of (7) Sole Voting Power Shares Beneficially 10,000,000 Owned By Each --------------------------------------------- Reporting Person (8) Shared Voting Power With - 0 - --------------------------------------------- (9) Sole Dispositive Power 10,000,000 --------------------------------------------- Page 2 of 31 3 (10) Shared Dispositive Power -0- --------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person 10,000,000 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) /___/ - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11) 83.3% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- Item 1. Security and Issuer. Common Stock, $.01 par value, of ITT Educational Services, Inc., 5975 Castle Creek Parkway, N. Drive, Indianapolis, IN 46250. Item 2. Identity and Background. The person filing this statement is ITT Destinations, Inc., a Nevada corporation ("ITT Destinations"), whose principal business office is located at 1330 Avenue of the Americas, New York, NY 10019-5490. ITT Destinations is a wholly-owned subsidiary of ITT Corporation, a Delaware corporation ("ITT"), whose principal business office is located at 1330 Avenue of the Americas, New York, NY 10019-5490. ITT is a diversified enterprise engaged through its subsidiaries in Insurance, Industries, and Hospitality, Entertainment and Information Services. For information concerning the sole director and executive officer of ITT Destinations, see Schedule A. For additional information concerning the directors and executive officers of ITT, see Schedule B. Neither ITT Destinations nor ITT has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) during the past five years, nor, to the best Page 3 of 31 4 knowledge and belief of ITT Destinations and ITT, has anyone listed in the attached Schedule A and Schedule B been convicted in such a proceeding. To the best knowledge and belief of ITT Destinations and ITT, during the past five years none of ITT Destinations, ITT or anyone listed on the attached Schedule A and Schedule B was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding 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. On September 29, 1995, 10,000,000 shares of the Issuer's Common Stock, $.01 par value, were contributed by ITT to ITT Destinations in contemplation of a division of the businesses of ITT in which ITT Destinations will change its name to ITT Corporation and succeed to all of ITT's interests in its Hospitality, Entertainment and Information Services businesses (of which the Issuer is a part). There was no consideration paid for the shares. Item 4. Purpose of Transaction. The securities reported on herein were acquired through the contribution described in Item 3. Neither ITT Destinations nor ITT has any plans or proposals which relate to Item 4(a) through 4(j). Item 5. Interest in Securities of the Issuer. ITT Destinations owns 10,000,000 shares (83.3%) of the Issuer's outstanding Common Stock, $.01 par value. ITT does not own any of the Issuer's capital stock. ITT Destinations has sole power with respect to the voting and disposition of such securities. ITT does not have any such power other than in its current capacity as parent of ITT Destinations. There have been no transactions by ITT Destinations or ITT in the securities of the Issuer during the past sixty days, except for the above-described receipt by ITT Destinations of 10,000,000 shares of the Issuer's Common Stock on September 29, 1995. To the best knowledge of ITT Destinations and ITT, no executive officer or director of ITT Destinations or ITT (a) owns any shares of the Issuer's Capital Stock except as indicated on pages 1, 2, 7 and 25 of Schedule B; (b) has a right to acquire shares of the Issuer's Capital Stock; or (c) has engaged in any transaction in the Issuer's Capital Stock during the past sixty days. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. The Issuer's Board of Directors includes two non-employee directors and four executive officers of ITT, all of whom were designated by ITT to serve on such Board. All of these persons are Page 4 of 31 5 expected to serve in similar capacities with ITT Destinations after the contemplated division of ITT's businesses and ITT Destinations' change of name to ITT Corporation. Item 7. Material to be Filed as Exhibits. None 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: October 16, 1995 ITT DESTINATIONS, INC. By --------------------------------- Robert A. Bowman President Page 5 of 31 6 Schedule A (Page 1 of 1) IDENTITY AND BACKGROUND (a) Robert A. Bowman (b) 1330 Avenue of the Americas New York, NY 10019-5490 (c) President, Treasurer and Secretary ITT Destinations, Inc. 1330 Avenue of the Americas New York, NY 10019-5490 (f) U.S. Page 6 of 31 7 Schedule B (Page 1 of 25) IDENTITY AND BACKGROUND (a) Bette B. Anderson (a Director of ITT) (b) 1020 19th Street, N.W. Suite 800 Washington, D.C. 20036 (c) President Kelly, Anderson, Pethick & Associates, Inc. 1020 19th Street, N.W. Suite 800 Washington, D.C. 20036 (f) U.S. Mrs. Bette B. Anderson is the beneficial owner of 500 shares of ITT Educational Services, Inc. common stock; all purchased prior to June 30, 1995. Page 7 of 31 8 Schedule B (Page 2 of 25) IDENTITY AND BACKGROUND (a) Rand V. Araskog (b) 1330 Avenue of the Americas New York, NY 10019-5490 (c) Chairman, President, Chief Executive and Director ITT Corporation 1330 Avenue of the Americas New York, NY 10019-5490 (f) U.S. Mr. Rand V. Araskog is the beneficial owner of 5,000 shares of ITT Educational Services, Inc. common stock; all purchased prior to June 30, 1995. Page 8 of 31 9 Schedule B (Page 3 of 25) IDENTITY AND BACKGROUND (a) Nolan D. Archibald (a Director of ITT) (b) 701 East Joppa Road Towson, MD 21204 (c) Chairman, President and Chief Executive Officer The Black & Decker Corporation 701 East Joppa Road Towson, MD 21204 (f) U.S. Page 9 of 31 10 Schedule B (Page 4 of 25) IDENTITY AND BACKGROUND (a) Robert A. Bowman (b) 1330 Avenue of the Americas New York, NY 10019-5490 (c) Executive Vice President and Chief Financial Officer ITT Corporation 1330 Avenue of the Americas New York, NY 10019-5490 (f) U.S. Page 10 of 31 11 Schedule B (Page 5 of 25) IDENTITY AND BACKGROUND (a) Peter A. Boynton (b) 1801 Century Park East Los Angeles, CA 90067 (c) Senior Vice President, ITT Corporation President and Chief Executive Officer Caesars World, Inc. 1801 Century Park East Los Angeles, CA 90067 (f) U.S. Page 11 of 31 12 Schedule B (Page 6 of 25) IDENTITY AND BACKGROUND (a) Robert A. Burnett (a Director of ITT) (b) 1716 Locust Street Des Moines, IA 50309-3023 (c) Chairman and Chief Executive Officer (Retired) Meredith Corporation 1716 Locust Street Des Moines, IA 50309-3023 (f) U.S. Page 12 of 31 13 Schedule B (Page 7 of 25) IDENTITY AND BACKGROUND (a) Juan C. Cappello (b) 1330 Avenue of the Americas New York, NY 10019-5490 (c) Senior Vice President and Director, Corporate Relations ITT Corporation 1330 Avenue of the Americas New York, NY 10019-5490 (f) U.S. Mr. Juan C. Cappello is the beneficial owner of 200 shares of ITT Educational Services, Inc. common stock; all purchased prior to June 30, 1995. Page 13 of 31 14 Schedule B (Page 8 of 25) IDENTITY AND BACKGROUND (a) Gerald C. Crotty (b) 1330 Avenue of the Americas New York, NY 10019-5490 (c) Senior Vice President, ITT Corporation Chairman, President and Chief Executive Officer ITT Information Services, Inc. 1330 Avenue of the Americas New York, NY 10019-5490 (f) U.S. Page 14 of 31 15 Schedule B (Page 9 of 25) IDENTITY AND BACKGROUND (a) Jon F. Danski (b) 1330 Avenue of the Americas New York, NY 10019-5490 (c) Senior Vice President and Controller ITT Corporation 1330 Avenue of the Americas New York, NY 10019-5490 (f) U.S. Page 15 of 31 16 Schedule B (Page 10 of 25) IDENTITY AND BACKGROUND (a) Michel David-Weill (a Director of ITT) (b) 30 Rockefeller Plaza New York, NY 10020 (c) Chairman Lazard Freres & Co. LLC 30 Rockefeller Plaza New York, NY 10020 (f) French Page 16 of 31 17 Schedule B (Page 11 of 25) IDENTITY AND BACKGROUND (a) D. Travis Engen (b) 1330 Avenue of the Americas New York, NY 10019-5490 (c) Executive Vice President ITT Corporation 1330 Avenue of the Americas New York, NY 10019-5490 (f) U.S. Page 17 of 31 18 Schedule B (Page 12 of 25) IDENTITY AND BACKGROUND (a) S. Parker Gilbert (a Director of ITT) (b) 1251 Avenue of the Americas New York, NY 10020 (c) Chairman Morgan Stanley Advisory Board 1251 Avenue of the Americas New York, NY 10020 (f) U.S. Page 18 of 31 19 Schedule B (Page 13 of 25) IDENTITY AND BACKGROUND (a) Louis J. Giuliano (b) 1650 Tysons Boulevard Suite 1700 McLean, VA 22101 (c) Senior Vice President, ITT Corporation President and Chief Executive Officer ITT Defense & Electronics, Inc. 1650 Tysons Boulevard Suite 1700 McLean, VA 22101 (f) U.S. Page 19 of 31 20 Schedule B (Page 14 of 25) IDENTITY AND BACKGROUND (a) Nicholas J. Glakas (b) 1600 M Street, N.W. Washington, D.C. 20036 (c) Senior Vice President, ITT Corporation 1600 M Street, N.W. Washington, D.C. 20036 (f) U.S. Page 20 of 31 21 Schedule B (Page 15 of 25) IDENTITY AND BACKGROUND (a) Timothy D. Leuliette (b) 3000 University Drive Auburn Hills, MI 48321-7016 (c) Senior Vice President, ITT Corporation President and Chief Executive Officer ITT Automotive, Inc. 3000 University Drive Auburn Hills, MI 48321-7016 (f) U.S. Page 21 of 31 22 Schedule B (Page 16 of 25) IDENTITY AND BACKGROUND (a) Paul G. Kirk, Jr. (a Director of ITT) (b) One Post Office Square Boston, MA 02109 (c) Of Counsel Sullivan & Worcester One Post Office Square Boston, MA 02109 (f) U.S. Page 22 of 31 23 Schedule B (Page 17 of 25) IDENTITY AND BACKGROUND (a) Daniel F. Lundy (b) 1330 Avenue of the Americas New York, NY 10019-5490 (c) Senior Vice President and Director, Taxes ITT Corporation 1330 Avenue of the Americas New York, NY 10019-5490 (f) U.S. Page 23 of 31 24 Schedule B (Page 18 of 25) IDENTITY AND BACKGROUND (a) General Edward C. Meyer (Ret.) (a Director of ITT) (b) 551 Madison Avenue New York, NY 10022 (c) Chairman GRC International 551 Madison Avenue New York, NY 10022 (f) U.S. Page 24 of 31 25 Schedule B (Page 19 of 25) IDENTITY AND BACKGROUND (a) Bertil T. Nilsson (b) 445 Godwin Avenue Midland Park, NJ 07432 (c) Senior Vice President, ITT Corporation President and Chief Executive Officer ITT Fluid Technology Corporation 445 Godwin Avenue Midland Park, NJ 07432 (f) Swedish Page 25 of 31 26 Schedule B (Page 20 of 25) IDENTITY AND BACKGROUND (a) Ralph W. Pausig (b) 1330 Avenue of the Americas New York, NY 10019-5490 (c) Senior Vice President and Director, Human Resources ITT Corporation 1330 Avenue of the Americas New York, NY 10019-5490 (f) U.S. Page 26 of 31 27 Schedule B (Page 21 of 25) IDENTITY AND BACKGROUND (a) Dr. Benjamin F. Payton (a Director of ITT) (b) Tuskegee University Kresge Center, 3rd Floor Tuskegee, AL 36083 (c) President Tuskegee University Kresge Center, 3rd Floor Tuskegee, AL 36083 (f) U.S. Page 27 of 31 28 Schedule B (Page 22 of 25) IDENTITY AND BACKGROUND (a) Ann N. Reese (b) 1330 Avenue of the Americas New York, NY 10019-5490 (c) Senior Vice President and Treasurer ITT Corporation 1330 Avenue of the Americas New York, NY 10019-5490 (f) U.S. Page 28 of 31 29 Schedule B (Page 23 of 25) IDENTITY AND BACKGROUND (a) Richard S. Ward (b) 1330 Avenue of the Americas New York, NY 10019-5490 (c) Executive Vice President and General Counsel ITT Corporation 1330 Avenue of the Americas New York, NY 10019-5490 (f) U.S. Page 29 of 31 30 Schedule B (Page 24 of 25) IDENTITY AND BACKGROUND (a) Daniel P. Weadock (b) 60 State Street Boston, MA 02109 (c) Senior Vice President, ITT Corporation President and Chief Executive Officer ITT Sheraton Corporation 60 State Street Boston, MA 02109 (f) U.S. Page 30 of 31 31 Schedule B (Page 25 of 25) IDENTITY AND BACKGROUND (a) Margita E. White (a Director of ITT) (c) 1776 Massachusetts Avenue, N.W. Suite 310 Washington, D.C. 20036 (c) President The Association for Maximum Service Television, Inc. 1776 Massachusetts Avenue, N.W. Suite 310 Washington, D.C. 20036 (f) U.S. Mrs. Margita E. White is the beneficial owner of 1,000 shares of ITT Educational Services, Inc. common stock; all purchased prior to June 30, 1995. Page 31 of 31 -----END PRIVACY-ENHANCED MESSAGE-----