-----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, S/hs/uWfRaeQZcmbHy1FIq2SGoUB0b78ygGGKesjguoa4kqURmpp0Oemt4c85oPl KGdEHJU/iLSlcvZp4aO5LQ== 0000912057-97-010100.txt : 19970327 0000912057-97-010100.hdr.sgml : 19970327 ACCESSION NUMBER: 0000912057-97-010100 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970326 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RAYMOND CORP CENTRAL INDEX KEY: 0000082231 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL TRUCKS TRACTORS TRAILERS & STACKERS [3537] IRS NUMBER: 150372290 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-13708 FILM NUMBER: 97563015 BUSINESS ADDRESS: STREET 1: SOUTH CANAL STREET CITY: GREENE STATE: NY ZIP: 13778 BUSINESS PHONE: 6076562311 MAIL ADDRESS: STREET 1: SOUTH CANAL STREET CITY: GREENE STATE: NY ZIP: 13778-0130 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LANE ALTMAN & OWENS CENTRAL INDEX KEY: 0001000095 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 101 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 SC 13D/A 1 SCHEDULE 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 AMENDMENT NO. 1 THE RAYMOND CORPORATION (Name of Issuer) - ------------------------------------------------------------------------------- Common Stock, Par Value $1.50 - ------------------------------------------------------------------------------- (Title of Class of Securities) 754688-10-9 ------------------- (CUSIP Number) Jeffrey E. Schwarz Metropolitan Capital Advisors, Inc. 660 Madison Avenue New York, NY 10021 (212) 486-8100 -with copies to- Joseph F. Mazzella, Esq. Lane Altman & Owens LLP 101 Federal Street Boston, Massachusetts 02110 (617) 345-9800 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 24, 1997 ------------------------------------------------------- (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 [ ]. (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 five percent or less of such class.) (See Rule 13d-7.) [ ]. NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13-d(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. 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. 754688-10-9 13D Page 2 of 14 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Metropolitan Capital Advisors, Inc. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* 00 - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization New York - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 2,572,684 -------------------------------------------------- (9) Sole Dispositive 0 Power -------------------------------------------------- (10) Shared Dispositive Power 488,800 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 2,572,684 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* /x/ - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 24.27% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 754688-10-9 13D Page 3 of 14 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons KJ Advisors, Inc. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* 00 - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization New York - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 155,400 -------------------------------------------------- (9) Sole Dispositive 0 Power -------------------------------------------------- (10) Shared Dispositive Power 155,400 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 155,400 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 1.47% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 754688-10-9 13D Page 4 of 14 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Metropolitan Capital III, Inc. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* 00 - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization New York - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 139,000 -------------------------------------------------- (9) Sole Dispositive 0 Power -------------------------------------------------- (10) Shared Dispositive Power 139,000 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 139,000 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 1.31% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 754688-10-9 13D Page 5 of 14 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Jeffrey E. Schwarz - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* None - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization U.S.A - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 2,572,684 -------------------------------------------------- (9) Sole Dispositive 0 Power -------------------------------------------------- (10) Shared Dispositive Power 783,200 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 2,572,684 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* /x/ - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 24.27% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 754688-10-9 13D Page 6 of 14 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Karen Finerman - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* None - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization U.S.A. - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 2,572,684 -------------------------------------------------- (9) Sole Dispositive 0 Power -------------------------------------------------- (10) Shared Dispositive Power 783,200 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 2,572,684 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* /x/ - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 24.27% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 754688-10-9 13D Page 7 of 14 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Robert F. Lietzow, Jr. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* PF - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization U.S.A. - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 13,000 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 0 -------------------------------------------------- (9) Sole Dispositive 13,000 Power -------------------------------------------------- (10) Shared Dispositive Power 0 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 13,000 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) .12% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP NO. 754688-10-9 Page 8 of 14 THIS AMENDMENT NO. 1 RELATES TO THE SCHEDULE 13D ORIGINALLY FILED ON BEHALF OF THE REPORTING PERSONS WITH THE SECURITIES AND EXCHANGE COMMISSION ON FEBRUARY 18, 1997. THE TEXTS OF ITEMS 4 AND 7 OF SAID SCHEDULE 13D ARE HEREBY AMENDED AS FOLLOWS: ITEM 4. PURPOSE OF THE TRANSACTION On February 18, 1997, Metropolitan Capital notified the Issuer that it, and affiliates, had acquired approximately 7.5% of the Issuer's Common Stock, and had entered into Voting Agreements pursuant to which Metropolitan Capital had acquired the right to vote an additional 16.8% of the Issuer's Common Stock. At such time, Metropolitan Capital also advised the Issuer of its view that sale or merger of the Issuer should be actively explored as the means to attain the highest value available for shareholders. Finally, Metropolitan Capital requested a meeting with management and stated that, pending the results of such meeting, it intended to seek the expansion of the Board of Directors to thirteen and election of six of its nominees to the Board of Directors at the Issuer's Annual Meeting to be held on May 3, 1997. As of the date hereof, Metropolitan Capital has not met with management, but has communicated with the Issuer's Board of Directors and Managment regarding prospects for sale or merger of the Issuer, has provided the Issuer with information regarding potential acquirors and has discussed with the Issuer the timing and process for soliciting and evaluating offers from such persons. By letter dated March 24, 1997 (attached hereto as Exhibit E), Metropolitan Capital agreed to the rescheduling of the Issuer's Annual Meeting from May 3, 1997, to June 2, 1997, to enable a Special Committee of Directors the time necessary to solicit and evaluate such proposals. Metropolitan Capital further stated that its agreement is based upon assurances given by the Issuer, and its Board of Directors, that a program to achieve the maximization of shareholder value has been actively undertaken, and that Lehman Brothers has been retained to assist in the value maximization process. Metropolitan Capital has also restated to the Issuer that, unless otherwise advised by Metropolitan Capital, Metropolitan Capital's nominees and its proposed By-law amendment to expand the Board to thirteen, should be business brought before shareholders at the Annual Meeting on June 2, 1997. Metropolitan Capital currently expects that its decision whether to solicit proxies in favor of its nominees, and such By-law proposal, may not be made until the end of April, 1997, and will be made, in part, based upon the Special Committee's progress in pursuing alternatives for maximizing shareholder value. Such decision may be made earlier, or later to the extent the Annual Meeting schedule permits, based upon Metropolitan Capital's evaluation of the steps being taken or contemplated by the Issuer. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit E. Letter to Issuer from Metropolitan Capital dated March 24, 1997. CUSIP NO. 754688-10-9 Page 9 of 14 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. This statement may be executed in any number of counterparts, each of which shall be deemed an original and all of which shall constitute one (1) instrument. Metropolitan Capital Advisors, Inc. By: /s/ Jeffrey E. Schwarz ------------------------------------------- Jeffrey E. Schwarz, Chief Executive Officer Dated as of: March 24, 1997 CUSIP NO. 754688-10-9 Page 10 of 14 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. This statement may be executed in any number of counterparts, each of which shall be deemed an original and all of which shall constitute one (1) instrument. KJ Advisors, Inc. By: /s/ Jeffrey E. Schwarz ------------------------------------------- Jeffrey E. Schwarz, Chief Executive Officer Dated as of: March 24, 1997 CUSIP NO. 754688-10-9 Page 11 of 14 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. This statement may be executed in any number of counterparts, each of which shall be deemed an original and all of which shall constitute one (1) instrument. Metropolitan Capital III, Inc. By: /s/ Jeffrey E. Schwarz ------------------------------------------- Jeffrey E. Schwarz, Chief Executive Officer Dated as of: March 24, 1997 CUSIP NO. 754688-10-9 Page 12 of 14 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. This statement may be executed in any number of counterparts, each of which shall be deemed an original and all of which shall constitute one (1) instrument. By: /s/ Jeffrey E. Schwarz ------------------------------------------- Jeffrey E. Schwarz Dated as of: March 24, 1997 CUSIP NO. 754688-10-9 Page 13 of 14 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. This statement may be executed in any number of counterparts, each of which shall be deemed an original and all of which shall constitute one (1) instrument. By: /s/ Karen Finerman ------------------------------------------- Karen Finerman Dated as of: March 24, 1997 CUSIP NO. 754688-10-9 Page 14 of 14 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. This statement may be executed in any number of counterparts, each of which shall be deemed an original and all of which shall constitute one (1) instrument. By: /s/ Robert F. Lietzow, Jr. ------------------------------------------- Robert F. Lietzow, Jr. Dated as of: March 24, 1997 -----END PRIVACY-ENHANCED MESSAGE-----