-----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, LYpQ3TVD0hM1aTJ3h7PF4jbtlJ/Z3PGG1ysSSGJ6FXPCbGD6t17f/MOJjO9uTdqd O5mVz7ABq4n/0YSnCz4jZA== 0000932440-98-000077.txt : 19980225 0000932440-98-000077.hdr.sgml : 19980225 ACCESSION NUMBER: 0000932440-98-000077 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980224 SROS: NYSE GROUP MEMBERS: FOREST INVESTMENT MANAGEMENT LLC /ADV GROUP MEMBERS: FOUNDERS FINANCIAL GROUP, L.P. GROUP MEMBERS: MICHAEL A. BOYD GROUP MEMBERS: MICHAEL A. BOYD, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SEQUA CORP /DE/ CENTRAL INDEX KEY: 0000095301 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT ENGINES & ENGINE PARTS [3724] IRS NUMBER: 131885030 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-09976 FILM NUMBER: 98548288 BUSINESS ADDRESS: STREET 1: 200 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10166 BUSINESS PHONE: 2129865500 FORMER COMPANY: FORMER CONFORMED NAME: SUN CHEMICAL CORP DATE OF NAME CHANGE: 19870521 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL PRINTING INK CORP DATE OF NAME CHANGE: 19710510 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FOREST INVESTMENT MANAGEMENT LLC /ADV CENTRAL INDEX KEY: 0000895984 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 53 FOREST AVE CITY: OLD GREENWICH STATE: CT ZIP: 06870 BUSINESS PHONE: 2036371110 MAIL ADDRESS: STREET 1: 53 FOREST AVENUE CITY: OLD GREENWICH STATE: CT ZIP: 06870 FORMER COMPANY: FORMER CONFORMED NAME: FOREST INVESTMENT MANAGEMENT LLC /ADV DATE OF NAME CHANGE: 19980217 SC 13G 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------ SCHEDULE 13G (Rule 13d - 102) INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (Amendment No. )* SEQUA CORPORATION (Name of Issuer) $5 Cumulative Convertible Preferred Stock (Title of Class of Securities) 817320302 (CUSIP Number) ------------ *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 the disclosures provided in a prior cover page. The information required in 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. 817320302 13G Page 2 of 10 Pages ============================= ========================== - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS Forest Investment Management LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 161,500 SHARES ----------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY zero EACH -------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 161,500 -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER zero - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 161,500 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 20.26% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ============================= ========================== CUSIP No. 817320302 13G Page 3 of 10 Pages ============================= ========================== - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS Founders Financial Group, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 161,500 SHARES ----------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY zero EACH -------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 161,500 -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER zero - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 161,500 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 20.26% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ============================= ========================== CUSIP No. 817320302 13G Page 4 of 10 Pages ============================= ========================== - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS Michael A. Boyd, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Connecticut - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 161,500 SHARES ----------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY zero EACH -------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 161,500 -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER zero - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 161,500 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 20.26% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ============================= ========================== CUSIP No. 817320302 13G Page 5 of 10 Pages ============================= ========================== - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS Michael A. Boyd - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 161,500 SHARES ----------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY zero EACH -------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 161,500 -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER zero - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 161,500 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 20.26% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ============================= ========================== CUSIP No. 817320302 13G Page 6 of 10 Pages ============================= ========================== ITEM 1. (A) NAME OF ISSUER. Sequa Corporation(the "Issuer"). (B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES. The Issuer's principal executive offices are located at 200 Park Avenue, New York, New York 10166. ITEM 2. (A) NAMES OF PERSONS FILING. This statement is filed by the following persons: (a) Forest Investment Management LLC, an Investment Advisor registered under the Investment Advisors Act of 1940, as amended ("Forest"), (b) Founders Financial Group L.P. ("Founders"), in its capacity as the owner of a controlling interest in Forest, (c) Michael A. Boyd, Inc. ("MAB, Inc."), in its capacity as the general partner of Founders and (d) Michael A. Boyd ("Mr. Boyd"), in his capacity as the sole director and shareholder of MAB, Inc., (collectively, the "Filing Parties"). (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE. The principal business office of each of the Filing Parties is 53 Forest Avenue, Old Greenwich, Connecticut 06870. ============================= ========================== CUSIP No. 817320302 13G Page 7 of 10 Pages ============================= ========================== (C) CITIZENSHIP. Forest is a Delaware Limited Liability Company. Founders is a Delaware limited partnership. MAB, Inc. is a Connecticut corporation. Mr. Boyd is a United States citizen. (D) TITLE OF CLASS OF SECURITIES. This statement relates to shares of $5 Cumulative Convertible Preferred Stock (the "Preferred Stock"), of the Issuer. (E) CUSIP NUMBER. 817320302 ITEM 3. This statement is being filed pursuant to Rule 13d-1(b). (a) |_| Broker or dealer registered under Section 15 of the Act, (b) |_| Bank as defined in Section 3(a)(6) of the Act, (c) |_| Insurance Company as defined in Section 3(a)(19) of the Act, (d) |_| Investment Company registered under Section 8 of the Investment Company Act, (e) |X| Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940, (f) |_| Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see 13d-1(b)(1)(ii)(F), (g) |_| Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G); see Item 7, ============================= ========================== CUSIP No. 817320302 13G Page 8 of 10 Pages ============================= ========================== (h) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(H). ITEM 4. OWNERSHIP. (A) AMOUNT BENEFICIALLY OWNED. Each of Forest, Founders, MAB, Inc. and Mr. Boyd beneficially owns 161,500 shares of Issuer's Preferred Stock. (B) PERCENT OF CLASS. Each of Forest, Founders, MAB, Inc. and Mr. Boyd owns 20.26% of the Issuer's Preferred Stock. (C) POWER TO VOTE OR DIRECT THE VOTE AND DISPOSE OR DIRECT THE DISPOSITION OF SECURITIES. Each of Forest, Founders, MAB, Inc. and Mr. Boyd has sole power to vote or dispose or to direct the vote or disposition of the shares of Preferred Stock. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ] ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Not applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. ============================= ========================== CUSIP No. 817320302 13G Page 9 of 10 Pages ============================= ========================== Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable. ITEM 10. CERTIFICATION. Not applicable. [SIGNATURES ON NEXT PAGE] ============================= ========================== CUSIP No. 817320302 13G Page 10 of 10 Pages ============================= ========================== Signature After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certify that the information set forth in this statement is true, complete and correct. FOREST INVESTMENT MANAGEMENT LLC Dated: February 17, 1998 By: /s/ Michael A. Boyd ---------------------------- Michael A. Boyd, Chairman FOUNDERS FINANCIAL GROUP, L.P. Dated: February 17, 1998 By: /s/ Michael A. Boyd ---------------------------- Michael A. Boyd, Chairman MICHAEL A. BOYD, INC. Dated: February 17, 1998 By: /s/ Michael A. Boyd ---------------------------- Name: Michael A. Boyd Title: President MICHAEL A. BOYD Dated: February 17, 1998 By: /s/ Michael A. Boyd ---------------------------- Name: Michael A. Boyd -----END PRIVACY-ENHANCED MESSAGE-----