<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
TRAVIS BOATS & MOTORS, INC.
(NAME OF ISSUER)
COMMON STOCK, $.01 PAR VALUE
(TITLE OF CLASS OF SECURITIES)
894363-10-0
(CUSIP NUMBER)
Check the following box if a fee is being paid with this statement [_]. (A fee
is not required only if the filing 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.)
*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).
(Continued on following page(s))
Page 1 of 11 Pages
<PAGE>
CUSIP No. 894363-10-0 Schedule 13G Page 2 of 11 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mark T. Walton
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 70,521
--------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
301,000
OWNED BY --------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
70,521
REPORTING --------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH
301,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
371,521
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 894363-10-0 Schedule 13G Page 3 of 11 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Walton Management, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
--------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
301,000
OWNED BY --------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
0
REPORTING --------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH
301,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
301,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.3%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 894363-10-0 Schedule 13G Page 4 of 11 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Walton Investments, Ltd.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
--------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
301,000
OWNED BY --------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
0
REPORTING --------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH
301,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
301,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 894363-10-0 Schedule 13G Page 5 of 11 Pages
Item 1 (a) Name of Issuer:
Travis Boats & Motors, Inc.
---------------------------
Item 1 (b) Address of Issuer's Principal Executive Offices:
13045 Research Blvd.
--------------------
Austin, Texas 78750
-------------------
Item 2 (a) Name of Person Filing:
Mark T. Walton
--------------
Item 2 (b) Address of Principal Business Office or, if none, Residence:
13045 Research Blvd.
--------------------
Austin, Texas 78750
-------------------
Item 2 (c) Citizenship:
USA
---
Item 2 (d) Title of Class of Securities:
Common Stock, par value $.01
----------------------------
Item 2 (e) CUSIP No.:
894363-10-0
-----------
Item 3. Not Applicable.
---------------
Item 4. Ownership.
Item 4 (a) Amount Beneficially Owned:
Mr. Walton owns 63,200 shares of Issuer Common Stock, has options to
purchase 4.53 shares and has voting and dispositive control over 3,268 shares
held in trust for the benefit of Mr. Walton's children. Additionally, Mr. Walton
is the owner of 100% of Walton Management, Inc. (the "Company"), a Texas
corporation that serves as the sole general partner of Walton Investments, Ltd.
(the "Limited Partnership"), a Texas limited partnership. The Limited
Partnership is the direct owner of 301,000 shares of Issuer Common Stock. The
Company, as the sole general partner of the Limited Partnership, has direct
voting and dispositive control of the Issuer Common Stock held by the Limited
Partnership. As the sole shareholder of the Company, Mr. Walton has indirect
voting and dispositive control of the Issuer Common Stock held by the Limited
Partnership.
<PAGE>
CUSIP No. 894363-10-0 Schedule 13G Page 6 of 11 Pages
Item 4 (b) Percent of Class:
9.0%
----
Item 4 (c) Number of Shares as to Which Such Person Has:
(i) Sole power to vote or to direct the vote: 70,521
-------
(ii) Shared power to vote or to direct the vote: 301,000
-------
(iii) Sole power to dispose or to direct the disposition
of: 70,521
-------
(iv) Shared power to dispose or to direct the disposition of:
301,000
-------
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable.
---------------
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.
Not Applicable.
---------------
Item 8. Identification and Classification of Members of the Group.
See Exhibit 8.
--------------
Item 9. Notice of Dissolution of Group.
Not Applicable.
---------------
Item 10. Certification.
Not Applicable.
-----------------
<PAGE>
CUSIP No. 894363-10-0 Schedule 13G Page 7 of 11 Pages
Item 1 (a) Name of Issuer:
Travis Boats & Motors, Inc.
---------------------------
Item 1 (b) Address of Issuer's Principal Executive Offices:
13045 Research Blvd.
--------------------
Austin, Texas 78750
-------------------
Item 2 (a) Name of Person Filing:
Walton Management, Inc.
-----------------------
Item 2 (b) Address of Principal Business Office or, if none, Residence:
9634 Vista View
---------------
Austin, Texas 78750
-------------------
Item 2 (c) Citizenship:
USA
---
Item 2 (d) Title of Class of Securities:
Common Stock, par value $.01
----------------------------
Item 2 (e) CUSIP No.:
894363-10-0
-----------
Item 3. Not Applicable.
---------------
Item 4. Ownership.
Item 4 (a) Amount Beneficially Owned:
Walton Management, Inc. (the "Company") is a Texas corporation that
serves as the sole general partner of Walton Investments, Ltd. (the
"Limited Partnership"), a Texas limited partnership. The Limited
Partnership is the direct owner of 301,000 shares of Issuer Common
Stock. The Company, as the sole general partner of the Limited
Partnership, has direct voting and dispositive control of the Issuer
Common Stock held by the Limited Partnership. As the sole
shareholder of the Company, Mr. Walton has indirect voting and
dispositive control of the Issuer Common Stock held by the Limited
Partnership.
<PAGE>
CUSIP No. 894363-10-0 Schedule 13G Page 8 of 11 Pages
Item 4 (b) Percent of Class:
7.2%
----
Item 4 (c) Number of Shares as to Which Such Person Has:
(i) Sole power to vote or to direct the vote: -0-
---
(ii) Shared power to vote or to direct the vote: 301,000
-------
(iii) Sole power to dispose or to direct the disposition
of: -0-
---
(iv) Shared power to dispose or to direct the disposition of:
301,000
-------
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable.
---------------
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.
Not Applicable.
---------------
Item 8. Identification and Classification of Members of the Group.
See Exhibit 8.
---------------
Item 9. Notice of Dissolution of Group.
Not Applicable.
---------------
Item 10. Certification.
Not Applicable.
-----------------
<PAGE>
CUSIP No. 894363-10-0 Schedule 13G Page 9 of 11 Pages
Item 1 (a) Name of Issuer:
Travis Boats & Motors, Inc.
---------------------------
Item 1 (b) Address of Issuer's Principal Executive Offices:
13045 Research Blvd.
-------------------
Austin, Texas 78750
-------------------
Item 2 (a) Name of Person Filing:
Walton Investments, Ltd.
-----------------------
Item 2 (b) Address of Principal Business Office or, if none, Residence:
9634 Vista View
-------------------
Austin, Texas 78750
-------------------
Item 2 (c) Citizenship:
USA
---
Item 2 (d) Title of Class of Securities:
Common Stock, par value $.01
----------------------------
Item 2 (e) CUSIP No.:
894363-10-0
-----------
Item 3. Not Applicable.
---------------
Item 4. Ownership.
Item 4 (a) Amount Beneficially Owned:
Walton Management, Inc. (the "Company") is a Texas corporation that
serves as the sole general partner of Walton Investments, Ltd. (the
"Limited Partnership"), a Texas limited partnership. The Limited
Partnership is the direct owner of 301,000 shares of Issuer Common
Stock. The Company, as the sole general partner of the Limited
Partnership, has direct voting and dispositive control of the Issuer
Common Stock held by the Limited Partnership. As the sole
shareholder of the Company, Mr. Walton has indirect voting and
dispositive control of the Issuer Common Stock held by the Limited
Partnership.
<PAGE>
CUSIP No. 894363-10-0 Schedule 13G Page 10 of 11 Pages
Item 4 (b) Percent of Class:
7.2%
----
Item 4 (c) Number of Shares as to Which Such Person Has:
(i) Sole power to vote or to direct the vote: -0-
---
(ii) Shared power to vote or to direct the vote: 301,000
-------
(iii) Sole power to dispose or to direct the disposition
of: -0-
---
(iv) Shared power to dispose or to direct the disposition of:
301,000
-------
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable.
---------------
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.
Not Applicable.
---------------
Item 8. Identification and Classification of Members of the Group.
See Exhibit 8
-------------
Item 9. Notice of Dissolution of Group.
Not Applicable.
---------------
Item 10. Certification.
Not Applicable.
-----------------
<PAGE>
CUSIP No. 894363-10-0 Schedule 13G Page 11 of 11 Pages
After reasonable inquiry and to the best of the undersigned's knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
February 14, 1997
----------------------------
Date
/s/ Mark T. Walton
-----------------------------
Signature
Mark T. Walton
-----------------------------
(Name)
2/14/97
-----------------------------
Date
/s/ Mark T. Walton
-----------------------------
Signature
Walton Management, Inc.
Mark T. Walton, President
-----------------------------
(Name)
2/14/97
-----------------------------
Date
/s/ Mark T. Walton
-----------------------------
Signature
Walton Investments, Ltd.,
By Mark T. Walton, President
of its General Partner
Walton Management, Inc.
-----------------------------
(Name)
EXHIBIT 8 Identification and Classification of members of the Group
The Group identified in this Schedule 13G consists of Mark T. Walton, an
individual, Walton Management, Inc. (the "Company"), a Texas corporation and
Walton Investments, Ltd (the "Limited Partnership"), a Texas limited
partnership. Mr. Walton owns 100% of the Company. The Company serves as the
sole general partner of the Limited Partnership. The Limited Partnership is the
record owner of 301,000 shares of Issuer Common Stock.
As the sole general partner of the Limited Partnership, the Company has
direct voting and dispositive control of the Issuer Common Stock held by the
Limited Partnership. As the sole shareholder of the Company, Mr. Walton has
indirect voting and dispositive control of the Issuer Common Stock held by the
Limited Partnership.
Mr. Walton also owns 63,000 shares of Issuer Common Stock, has options to
purchase 4.53 shares and has voting and dispositive control over 3,268 shares
held in trust for the benefit of Mr. Walton's children.
