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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
Under the Securities Exchange Act of 1934
REUNION INDUSTRIES, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
761312-10-7
(CUSIP Number)
July 7, 1998
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 ("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).
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SCHEDULE 13G
CUSIP NO. 761312-10-7
(1) Name of reporting person............. STANWICH FINANCIAL SERVICES CORP.
S.S. or I.R.S. identification Nos. of
above persons........................
(2) Check the appropriate box if a member (a) [ ]
of a group
(see instructions) (b) [ ]
(3) SEC use only.........................
(4) Citizenship or place of organization. RHODE ISLAND
Number of shares beneficially owned by each
reporting person with:
(5) Sole voting power.................... 271,280
(6) Shared voting power.................. None
(7) Sole dispositive power............... 271,280
(8) Shared dispositive power............. None
(9) Aggregate amount beneficially owned
by each reporting person............. 271,280
(10) Check if the aggregate amount in
Row (11) excludes certain shares
(see instructions)................... [ ]
(11) Percent of class represented by
amount in Row (11)................... 7.0%
(12) Type of reporting person (see
instructions)........................ CO
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REUNION INDUSTRIES, INC. SCHEDULE 13G
ITEM 1. ISSUER.
(a) The name of the issuer is Reunion Industries, Inc., a Delaware
corporation (the "Issuer").
(b) The address of Issuer's principal executive office is One Stamford
Landing, 62 Southfield Avenue, Stamford, Connecticut 06902.
ITEM 2. REPORTING PERSON.
(a) Name of person filing this Schedule 13G is Stanwich Financial
Services Corp. (the "Reporting Person").
(b) Address of Reporting Person's principal business office is c/o
Stanwich Partners, Inc., 62 Southfield Avenue Stamford, Connecticut 06902.
(c) The Reporting Person is a corporation organized under the laws of
the State of Rhode Island.
(d) This Schedule 13G covers the Issuer's Common Stock, par value $.01
per share (the "Common Stock").
(e) The CUSIP Number of the Common Stock is 761312-10-7.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), 13d-2(b) or (c),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer register under section 15 of the Act (15
U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E).
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(f) [ ] an employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813).
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3)
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this
box. [X]
ITEM 4. OWNERSHIP
(a)(b) As of July 7, 1998, the Reporting Person was the beneficial owner
of 271,280 shares (the "Shares") of the Issuer's Common Stock, representing
approximately 7.0% of the outstanding shares of Common Stock.
(c) Number of Shares as to which the Reporting Person has:
(i) Sole power to vote or to direct the vote: 271,280 shares.
(ii) Shared power to vote or to direct the vote: 0 shares.
(iii) Sole power to dispose or to direct the disposition of:
271,280 shares.
(iv) Shared power to dispose or to direct the disposition of:
0 shares.
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 beneficial owner of more than five
percent of the class of securities, check the following [ ].
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ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Parkdale Holdings Corporation N.V. and Charles E. Bradley, Jr. are known
to have the right to receive or the power to direct the receipt of dividends
from or the proceeds from the sale of, the shares of Common Stock to which this
Statement relates.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
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
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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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.
Dated: July 17, 1998
STANWICH FINANCIAL SERVICES CORP.
By: /s/ Charles E. Bradley, Sr.
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Name: Charles E. Bradley, Sr.
Title: President
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