-----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, VamXo9s/vwnC563I7HCRG/0rpD5e4XxOxIRVOr1kYhtRyW5bzsNO2Aj8YbPWQoIV MC2jXrzGYtLk3rhZMxTmdA== 0000921895-99-000041.txt : 19990201 0000921895-99-000041.hdr.sgml : 19990201 ACCESSION NUMBER: 0000921895-99-000041 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BELL INDUSTRIES INC /NEW/ CENTRAL INDEX KEY: 0000945489 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 952039211 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-52973 FILM NUMBER: 99516912 BUSINESS ADDRESS: STREET 1: 2201 E EL SEGUDON BLVD CITY: EL SEGUNDO STATE: CA ZIP: 90245 BUSINESS PHONE: 3105632355 MAIL ADDRESS: STREET 1: 2201 E EL SEGUDON BLVD CITY: EL SEGUDON STATE: CA ZIP: 90245 FORMER COMPANY: FORMER CONFORMED NAME: CALIFORNIA BELL INDUSTRIES INC DATE OF NAME CHANGE: 19950519 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STEEL PARTNERS II L P CENTRAL INDEX KEY: 0000915653 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 750 LEXINGTON AVE 27TH FL CITY: NEW YORK STATE: NY ZIP: 10022 MAIL ADDRESS: STREET 1: 150 EAST 52ND STREET, 21ST FLOOR CITY: NY STATE: NY ZIP: 10022 SC 13D/A 1 SCHEDULE 13D - AMENDMENT NO. 5 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 -------------- SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 5)1 Bell Industries, Inc. - -------------------------------------------------------------------------------- (Name of issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of class of securities) 078 107 109 - -------------------------------------------------------------------------------- (CUSIP number) STEVEN WOLOSKY, ESQ. OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP 505 Park Avenue New York, New York 10022 (212) 753-7200 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) January 22, 1999 - -------------------------------------------------------------------------------- (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 o. 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. (Continued on following pages) (Page 1 of 9 Pages) - -------- 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 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 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. 078 107 109 13D Page 2 of 9 Pages - ------------------------------ ------------------------------ ================================================================================ 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS STEEL PARTNERS II, L.P. - -------------------------------------------------------------------------------- 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 OR ORGANIZATION DELAWARE -------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 1,376,110 OWNED BY EACH REPORTING -------------------------------------------------------------------- PERSON WITH 8 SHARED VOTING POWER -0- -------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,376,110 -------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,376,110 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN ================================================================================ - ------------------------------ ------------------------------ CUSIP No. 078 107 109 13D Page 3 of 9 Pages - ------------------------------ ------------------------------ ================================================================================ 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS WARREN LICHTENSTEIN - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OR ORGANIZATION USA - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 1,376,110 OWNED BY -------------------------------------------------------------------- EACH REPORTING PERSON WITH 8 SHARED VOTING POWER - 0 - -------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,376,110 -------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER - 0 - - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - -------------------------------------------------------------------------------- 1,376,110 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN ================================================================================ - ------------------------------ ------------------------------ CUSIP No. 078 107 109 13D Page 4 of 9 Pages - ------------------------------ ------------------------------ ================================================================================ 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS SANDERA PARTNERS, L.P. - -------------------------------------------------------------------------------- 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 OR ORGANIZATION TEXAS - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 200,000 OWNED BY -------------------------------------------------------------------- EACH REPORTING PERSON WITH 8 SHARED VOTING POWER -0- -------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 200,000 -------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 200,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN ================================================================================ - ------------------------------ ------------------------------ CUSIP No. 078 107 109 13D Page 5 of 9 Pages - ------------------------------ ------------------------------ ================================================================================ 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS NEWCASTLE PARTNERS, L.P. - -------------------------------------------------------------------------------- 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 OR ORGANIZATION TEXAS - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 4,000 OWNED BY -------------------------------------------------------------------- EACH REPORTING PERSON WITH 8 SHARED VOTING POWER -0- -------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 4,000 -------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .04% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN ================================================================================ - ------------------------------ ------------------------------ CUSIP No. 078 107 109 13D Page 6 of 9 Pages - ------------------------------ ------------------------------ ================================================================================ 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS MARK E. SCHWARZ - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OR ORGANIZATION USA - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 204,000 OWNED BY EACH REPORTING PERSON WITH ------------------------------------------------------------------ 8 SHARED VOTING POWER - 0 - ------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 204,000 ------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER - 0 - - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 204,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN ================================================================================ - ------------------------------ ------------------------------ CUSIP No. 078 107 109 13D Page 7 of 9 Pages - ------------------------------ ------------------------------ The following constitutes the Amendment No 5 to the Schedule 13D filed by the undersigned (the "Amendment No. 5"). This Amendment No. 5 amends the Schedule 13D as specifically set forth. Item 3 is hereby amended and restated in its entirety as follows: Item 3. Source and Amount of Funds. --------------------------- The aggregate purchase price of the 1,376,110 Shares of Common Stock owned by Steel Partners II is $14,865,454. The Shares of Common Stock owned by Steel Partners II were acquired with partnership funds. The aggregate purchase price of the 200,000 Shares of Common Stock owned by Sandera is $2,279,156. The Shares of Common Stock owned by Sandera were acquired with partnership funds. The aggregate purchase price of the 4,000 Shares of Common Stock owned by Newcastle is $45,928. The Shares of Common Stock owned by Newcastle were acquired with partnership funds. Item 5 (a) and (c) are hereby amended and restated in its entirety as follows: Item 5. Interest in Securities of the Issuer. (a) The aggregate percentage of shares of Common Stock reported owned by each person named herein is based upon 9,488,306 shares outstanding, which is the total number of shares of Common Stock outstanding as reported in the Issuer's Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 1998. As of the close of business on January 28, 1999, Steel Partners II beneficially owns 1,376,110 shares of Common Stock, constituting approximately 14.5% of the shares of Common Stock outstanding. Mr. Lichtenstein beneficially owns 1,376,110 shares of Common Stock, representing approximately 14.5% of the shares of Common Stock outstanding. Mr. Lichtenstein has sole voting and dispositive power with respect to the 1,376,110 shares of Common Stock owned by Steel Partners II by virtue of his authority to vote and dispose of such shares. All of such shares of Common Stock were acquired in open-market transactions. As of the close of business on January 25, 1999, Sandera beneficially owns 200,000 Shares of Common Stock, constituting approximately 2.1% of the shares outstanding, and Newcastle beneficially owns 4,000 Shares of Common Stock, constituting approximately .04% of the shares outstanding. Mr. Schwarz has sole voting and dispositive power with respect to the 204,000 Shares owned by Sandera and Newcastle by virtue of his authority to vote and dispose of such Shares. All of such Shares were acquired in open-market transactions. (c) Schedule A annexed hereto lists all transactions in the Issuer's Common Stock in the last sixty days by the Reporting Persons unless otherwise reported on a prior Schedule 13D. - ------------------------------ ------------------------------ CUSIP No. 078 107 109 13D Page 8 of 9 Pages - ------------------------------ ------------------------------ SIGNATURES ---------- After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: January 28, 1999 STEEL PARTNERS II, L.P. By: Steel Partners, L.L.C. General Partner By:/s/ Warren G. Lichtenstein ---------------------------------------- Warren G. Lichtenstein Chief Executive Officer /s/ Warren G. Lichtenstein -------------------------------------------- WARREN G. LICHTENSTEIN SANDERA PARTNERS, L.P. By: Sandera Capital Management L.P. General Partner By: Sandera Capital, L.L.C. General Partner By: /s/ Mark E. Schwarz ---------------------------------- Mark E. Schwarz Vice President and Managing Member NEWCASTLE PARTNERS, L.P. By: /s/ Mark E. Schwarz ---------------------------------- Mark E. Schwarz General Partner /s/Mark E. Schwarz ------------------------------------------- Mark E. Schwarz - ------------------------------ ------------------------------ CUSIP No. 078 107 109 13D Page 9 of 9 Pages - ------------------------------ ------------------------------ SCHEDULE A Transactions in the Shares Within the Past 60 Days Unless Otherwise Reported ---------------------------------------------------------------------------- On a Prior Schedule 13D ----------------------- Shares of Common Price Per Date of Stock Purchased/(Sold) Share Purchase/Sale - ---------------------- ----- ------------- STEEL PARTNERS II, L.P. ----------------------- 52,400 11.32000 1/20/99 25,000 11.32500 1/21/99 28,600 11.32500 1/22/99 6,500 11.21808 1/25/99 8,500 11.19200 1/26/99 4,600 11.32500 1/28/99 WARREN LICHTENSTEIN ------------------- None. Shares of Common Price Per Date of Stock Purchased/(Sold) Share Purchase/Sale - ---------------------- ----- ------------- SANDERA PARTNERS, L.P. ---------------------- 5,000 11.27550 1/20/99 2,500 11.27850 1/21/99 22,500 11.22987 1/22/99 25,000 11.27160 1/25/99 Shares of Common Price Per Date of Stock Purchased/(Sold) Share Purchase/Sale - ---------------------- ----- ------------- NEWCASTLE PARTNERS, L.P. ------------------------ None. MARK E. SCHWARZ --------------- None. -----END PRIVACY-ENHANCED MESSAGE-----