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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
ROYAL PRECISION, INC.
-----------------------------
(Name of Issuer)
Common Stock, par value $.001 per share
---------------------------------------
(Title of Class of Securities)
780921-10-2
--------------
(CUSIP Number)
July 3, 2000
-------------------------------------------------------
(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).
<PAGE>
SCHEDULE 13G
--------------------- ------------------
CUSIP NO. 780921-10-2 Page 2 of 12 Pages
--------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Berenson Minella & Co. 1993 Profit Sharing Plan
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 96,343
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 96,343
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
0
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
96,343
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.7%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
EP
-----------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
--------------------- ------------------
CUSIP NO. 780921-10-2 Page 3 of 12 Pages
--------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Berenson Minella & Co. 1996 Profit Sharing Plan
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 157,295
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 157,295
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
0
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
157,295
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.8%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
EP
-----------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
--------------------- ------------------
CUSIP NO. 780921-10-2 Page 4 of 12 Pages
--------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Berenson Minella & Company, 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, United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 9,781
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 9,781
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
0
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,781
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 1%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
-----------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
--------------------- ------------------
CUSIP NO. 780921-10-2 Page 5 of 12 Pages
--------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Raymond J. Minella
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 709,696
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 446,277
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
263,419
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
709,696
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.5%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
--------------------- ------------------
CUSIP NO. 780921-10-2 Page 6 of 12 Pages
--------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Jeffrey L. Berenson
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 606,609
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 343,190
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
263,419
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
606,609
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.7%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
--------------------- ------------------
CUSIP NO. 780921-10-2 Page 7 of 12 Pages
--------------------- ------------------
ITEM 1(a). NAME OF ISSUER:
Royal Precision, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
15170 North Hayden Road, Suite 1
Scottsdale, Arizona 85260
ITEM 2(a). NAME OF PERSON FILING:
The reporting persons were previously parties to a Stockholder Agreement
among the issuer and certain other stockholders and reported their ownership as
members of that "group" on Schedule 13G. The Stockholder Agreement was
terminated in July 2000. This filing with respect to the reporting persons'
ownership is made in their individual capacity.)
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Berenson Minella & Co. 1993 Profit Sharing Plan
667 Madison Avenue
New York, New York 10021
Berenson, Minella & Co. 1996 Profit Sharing Plan
667 Madison Avenue
New York, New York 10021
Berenson Minella & Company LLC
667 Madison Avenue
New York, New York 10021
Raymond J. Minella
667 Madison Avenue
New York, New York 10021
Jeffrey L. Berenson
667 Madison Avenue
New York, New York 10021
ITEM 2(c). CITIZENSHIP:
Raymond J. Minella and Jeffrey L. Berenson are citizens of the United
States of America.
Berenson Minella & Company, LLC is a Delaware limited liability
company and the 1993 Profit Sharing Plan and the 1996 Profit Sharing
Plan are plans for the benefit of employees of Berenson Minella &
Company, LLC.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.001 per share
<PAGE>
SCHEDULE 13G
--------------------- ------------------
CUSIP NO. 780921-10-2 Page 8 of 12 Pages
--------------------- ------------------
ITEM 2(e). CUSIP NUMBER:
780921-10-2
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b),
CHECK WHETHER THE PERSON FILING IS A: (Not Applicable)
(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) [ ] 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) [ ] A Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G); SEE Item 7
(h) [ ] A group, in accordance with ss.13d-1(b)(1)(ii)(H).
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned:
Berenson-Minella 1993 Profit Sharing Plan: 96,343 common shares.
This plan expressly declares that its filing of this Schedule 13G
shall not be construed as an admission that it is, for the purposes
of Section 13(d) or 13(g) of the Securities Exchange Act of 1934
(the "Act"), the beneficial owner of any other securities covered by
this Schedule 13G.
Berenson-Minella 1996 Profit Sharing Plan: 157,295 common shares.
This plan expressly declares that its filing of this Schedule 13G
shall not be construed as an admission that it is, for the purposes
of Section 13(d) or 13(g) of the Act, the beneficial owner of any
other securities covered by this Schedule 13G.
Berenson-Minella & Co. LLC: 9,781 common shares. This company
expressly declares that its filing of this Schedule 13G shall not be
construed as an admission that it is, for the purposes of Section
13(d) or 13(g) of the Act, the beneficial owner of any other
securities covered by this Schedule 13G.
<PAGE>
SCHEDULE 13G
--------------------- ------------------
CUSIP NO. 780921-10-2 Page 9 of 12 Pages
--------------------- ------------------
Jeffrey L. Berenson: 606,609 common shares, of which 343,190 common
shares are owned directly by Mr. Berenson. Mr. Berenson is a member
of Berenson, Minella & Co., LLC which also sponsors the Berenson
Minella 1993 Profit Sharing Plan and the 1996 Profit Sharing Plan.
Mr. Minella is reporting 9,781 shares owned directly by Berenson
Minella & Co. LLC, 157,295 shares owned directly by the 1993 Profit
Sharing Plan, and 96,343 shares owned directly by the 1996 Profit
Sharing Plan. Mr. Berenson expressly declares that his filing of
this Schedule 13G shall not be construed as an admission that he is,
for the purposes of Section 13(d) or 13(g) of the Act, the
beneficial owner of any securities covered by this Schedule 13G,
other than the 343,190 shares.
Raymond J. Minella: 709,696 common shares, of which 437,927 common
shares and 8,350 common shares subject to options exercisable within
60 days are owned directly by Mr. Minella. Mr. Minella is a member
of Berenson, Minella & Co., LLC which also sponsors the Berenson
Minella 1993 Profit Sharing Plan and the 1996 Profit Sharing Plan.
Mr. Minella is reporting 9,781 shares owned directly by Berenson
Minella & Co. LLC, 157,295 shares owned directly by the 1993 Profit
Sharing Plan, and 96,343 shares owned directly by the 1996 Profit
Sharing Plan. Mr. Minella expressly declares that his filing of this
Schedule 13G shall not be construed as an admission that he is, for
the purposes of Section 13(d) or 13(g) of the Act, the beneficial
owner of any securities covered by this Schedule 13G, other than the
437,927 shares and the 8,350 shares subject to option.
(b) Percent of class:
Berenson Minella 1993 Profit Sharing Plan: 1.7%
Berenson Minella 1996 Profit Sharing Plan: 2.8%
Berenson, Minella & Co., LLC --%
Raymond J. Minella: 12.5%
Jeffrey L. Berenson: 10.7%
(c) Number of shares as to which such person has:
Berenson, Minella & Co. 1993 Profit Sharing Plan:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 96,343
(iii) Sole power to dispose or to direct the disposition of: 96,343
(iv) Shared power to dispose or to direct the disposition of: 0
Berenson, Minella & Co. 1996 Profit Sharing Plan:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 157,295
(iii) Sole power to dispose or to direct the disposition of: 157,295
(iv) Shared power to dispose or to direct the disposition of: 0
Berenson, Minella & Co. LLC
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 9,781
(iii) Sole power to dispose or to direct the disposition of: 9,781
(iv) Shared power to dispose or to direct the disposition of: 0
<PAGE>
SCHEDULE 13G
--------------------- -------------------
CUSIP NO. 780921-10-2 Page 10 of 12 Pages
--------------------- -------------------
Raymond J. Minella:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 709,696
(iii) Sole power to dispose or to direct the disposition of: 446,277
(iv) Shared power to dispose or to direct the disposition of:
263,419
Jeffrey L. Berenson:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 606,609
(iii) Sole power to dispose or to direct the disposition of: 343,190
(iv) Shared power to dispose or to direct the disposition of:
263,419
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.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
<PAGE>
SCHEDULE 13G
--------------------- -------------------
CUSIP NO. 780921-10-2 Page 11 of 12 Pages
--------------------- -------------------
ITEM 10. CERTIFICATION.
By signing below the undersigned certifies that, to the best of his
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 purposes
or effect.
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.
BERENSON, MINELLA & CO. 1993 BERENSON, MINELLA & CO. 1996
PROFIT SHARING PLAN PROFIT SHARING PLAN
By /s/ Gregg Feinstein By /s/ Gregg Feinstein
---------------------------------- ----------------------------------
Gregg Feinstein, Authorized Signer Gregg Feinstein, Authorized Signer
Dated: September 19, 2000 Dated: September 19, 2000
------------------------------- -------------------------------
BERENSON, MINELLA & CO., LLC.
By: /s/ Gregg Feintstein
----------------------------------
Gregg Feinstein, Authorized Signer
Dated: September 19, 2000
--------------------------------
/s/ Raymond J. Minella
--------------------------------------
Raymond J. Minella
Dated: September 19, 2000
-------------------------------
/s/ Jeffrey L. Berenson
--------------------------------------
Jeffrey L. Berenson
Dated: September 19, 2000
-------------------------------
<PAGE>
SCHEDULE 13G
--------------------- -------------------
CUSIP NO. 780921-10-2 Page 12 of 12 Pages
--------------------- -------------------
EXHIBIT INDEX
Exhibit Description
------- -----------
1 Statement Pursuant to Rule 13d-1(k)(i)
