SUN HYDRAULICS CORP
SC 13G/A, 1999-02-11
MISCELLANEOUS FABRICATED METAL PRODUCTS
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<PAGE>   1

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G
                    Under the Securities Exchange Act of 1934
                                (Amendment No. 1)


                           SUN HYDRAULICS CORPORATION
- -------------------------------------------------------------------------------

                                (Name of Issuer)

                    COMMON STOCK, PAR VALUE $0.001 PER SHARE
- -------------------------------------------------------------------------------

                         (Title of Class of Securities)

                                   866942 10 5
- -------------------------------------------------------------------------------

                                 (CUSIP Number)


         Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

          [ ] Rule 13d-1(b)

          [ ] Rule 13d-1(c)

          [X] 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>   2

 1) Names of Reporting Persons/ I.R.S. Identification Nos. of Above Persons
    (Entities Only)

                                Robert E. Koski
- -------------------------------------------------------------------------------
 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) |X|
                                                                        (b) |_|
- -------------------------------------------------------------------------------
 3) SEC Use Only

- -------------------------------------------------------------------------------
 4) Citizenship or Place of Organization

                                      U.S.
- -------------------------------------------------------------------------------
          Number of        (5) Sole Voting Power
            Shares
         Beneficially               117,162
           Owned by
             Each          (6) Shared Voting Power
          Reporting
            Person                  2,399,758
             With
                           (7) Sole Dispositive Power

                                    117,162

                           (8) Shared Dispositive Power

                                    2,399,758
- -------------------------------------------------------------------------------
 9) Aggregate Amount Beneficially Owned by Each Reporting Person

                                   2,516,920
- -------------------------------------------------------------------------------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares |_| 
    (See Instructions)

- -------------------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row (9) 

                                    39.57%
- -------------------------------------------------------------------------------
12) Type of Reporting Person (See Instructions)

                                      IN
- -------------------------------------------------------------------------------




<PAGE>   3


 1) Names of Reporting Persons/ I.R.S. Identification Nos. of Above Persons
    (Entities Only)

                                 Beverly Koski
- -------------------------------------------------------------------------------
 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) |X|
                                                                        (b) |_|
- -------------------------------------------------------------------------------
 3) SEC Use Only

- -------------------------------------------------------------------------------
 4) Citizenship or Place of Organization

                                      U.S.
- -------------------------------------------------------------------------------
          Number of        (5) Sole Voting Power
            Shares
         Beneficially               141,215
           Owned by
             Each          (6) Shared Voting Power
          Reporting
            Person                  2,375,705
             With
                           (7) Sole Dispositive Power

                                    141,215

                           (8) Shared Dispositive Power

                                    2,375,705
- -------------------------------------------------------------------------------
 9) Aggregate Amount Beneficially Owned by Each Reporting Person

                                   2,516,920
- -------------------------------------------------------------------------------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares |_| 
    (See Instructions)

- -------------------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row (9) 

                                    39.57%
- -------------------------------------------------------------------------------
12) Type of Reporting Person (See Instructions) 

                                      IN
- -------------------------------------------------------------------------------



<PAGE>   4


 1) Names of Reporting Persons/ I.R.S. Identification Nos. of Above Persons
    (Entities Only)

                               Christine L. Koski
- -------------------------------------------------------------------------------
 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) |X|
                                                                        (b) |_|
- -------------------------------------------------------------------------------
 3) SEC Use Only

- -------------------------------------------------------------------------------
 4) Citizenship or Place of Organization

                                      U.S.
- -------------------------------------------------------------------------------
          Number of        (5) Sole Voting Power
            Shares
         Beneficially               64,295
           Owned by
             Each          (6) Shared Voting Power
          Reporting
            Person                  2,258,543
             With
                           (7) Sole Dispositive Power

                                    64,295

                           (8) Shared Dispositive Power

                                    2,258,543
- -------------------------------------------------------------------------------
 9) Aggregate Amount Beneficially Owned by Each Reporting Person

                                   2,322,838
- -------------------------------------------------------------------------------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares |_| 
    (See Instructions)

- -------------------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row (9) 

                                    36.52%
- -------------------------------------------------------------------------------
12) Type of Reporting Person (See Instructions) 

                                      IN
- -------------------------------------------------------------------------------




<PAGE>   5


 1) Names of Reporting Persons/ I.R.S. Identification Nos. of Above Persons
    (Entities Only)

                                Robert C. Koski
- -------------------------------------------------------------------------------
 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) |X|
                                                                        (b) |_|
- -------------------------------------------------------------------------------
 3) SEC Use Only

- -------------------------------------------------------------------------------
 4) Citizenship or Place of Organization

                                      U.S.
- -------------------------------------------------------------------------------
          Number of        (5) Sole Voting Power
            Shares
         Beneficially               0
           Owned by
             Each          (6) Shared Voting Power
          Reporting
            Person                  2,258,543
             With
                           (7) Sole Dispositive Power

                                    0

                           (8) Shared Dispositive Power

                                    2,258,543
- -------------------------------------------------------------------------------
 9) Aggregate Amount Beneficially Owned by Each Reporting Person

                                   2,258,543
- -------------------------------------------------------------------------------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares |_| 
    (See Instructions)

- -------------------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row (9) 

                                    35.51%
- -------------------------------------------------------------------------------
12) Type of Reporting Person (See Instructions) 

                                      IN
- -------------------------------------------------------------------------------




<PAGE>   6

 1) Names of Reporting Persons/ I.R.S. Identification Nos. of Above Persons
    (Entities Only)

                                Thomas L. Koski
- -------------------------------------------------------------------------------
 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) |X|
                                                                        (b) |_|
- -------------------------------------------------------------------------------
 3) SEC Use Only

- -------------------------------------------------------------------------------
 4) Citizenship or Place of Organization

                                      U.S.
- -------------------------------------------------------------------------------
          Number of        (5) Sole Voting Power
            Shares
         Beneficially               0
           Owned by
             Each          (6) Shared Voting Power
          Reporting
            Person                  2,258,543
             With
                           (7) Sole Dispositive Power

                                    0

                           (8) Shared Dispositive Power

                                    2,258,543
- -------------------------------------------------------------------------------
 9) Aggregate Amount Beneficially Owned by Each Reporting Person

                                   2,258,543
- -------------------------------------------------------------------------------

10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares |_| 
    (See Instructions)

- -------------------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row (9) 

                                    35.51%
- -------------------------------------------------------------------------------
12) Type of Reporting Person (See Instructions) 

                                      IN
- -------------------------------------------------------------------------------




<PAGE>   7

 1) Names of Reporting Persons/ I.R.S. Identification Nos. of Above Persons
    (Entities Only)

                Koski Family Limited Partnership EIN: 75-2707549
- -------------------------------------------------------------------------------
 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) |X|
                                                                        (b) |_|
- -------------------------------------------------------------------------------
 3) SEC Use Only

- -------------------------------------------------------------------------------
 4) Citizenship or Place of Organization

                                      U.S.
- -------------------------------------------------------------------------------
          Number of        (5) Sole Voting Power
            Shares
         Beneficially               0
           Owned by
             Each          (6) Shared Voting Power
          Reporting
            Person                  2,258,543
             With
                           (7) Sole Dispositive Power

                                    0

                           (8) Shared Dispositive Power

                                    2,258,543
- -------------------------------------------------------------------------------
 9) Aggregate Amount Beneficially Owned by Each Reporting Person

                                   2,258,543
- -------------------------------------------------------------------------------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares |_| 
    (See Instructions)

=------------------------------------------------------------------------------

11) Percent of Class Represented by Amount in Row (9) 

                                    35.51%
- -------------------------------------------------------------------------------

12) Type of Reporting Person (See Instructions) 

                                      PN
- -------------------------------------------------------------------------------




<PAGE>   8


                  SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
                  FILED PURSUANT TO RULE 13d-1(b) OR 13d-2(b)

Item 1(a).  Name of Issuer:

                           SUN HYDRAULICS CORPORATION

Item 1(b).  Address of Issuer's Principal Executive Offices:

                          1500 West University Parkway
                               Sarasota, FL 34243

Item 2(a).  Name of Person Filing:

                                Robert E. Koski
                                 Beverly Koski
                               Christine L. Koski
                                Robert C. Koski
                                Thomas L. Koski
                        Koski Family Limited Partnership

Item 2(b).  Address of Principal Business Office or, if none, Residence:

                          1500 West University Parkway
                               Sarasota, FL 34243

Item 2(c).  Citizenship:

                                      U.S.

Item 2(d).  Title of Class of Securities:

                    Common Stock, Par Value $0.001 per share

Item 2(e).  CUSIP Number:

                                  866942 10 5

Item 3(a).  If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the filing person is a:

(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;




<PAGE>   9


(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 Rule 13d-1(b)(1)(ii)(F);
(g) [ ] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G)
        (Note: See Item 7);
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H)

Item 4.     Ownership:

            If the percent of the class owned, as of December 31, of the year
covered by the statement, or as of the last day of any month described in Rule
13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right to
acquire.

            (a)  Amount Beneficially Owned:
                     See Response to Item 9 on cover pages.
         
            (b)  Percent of Class:
                     See Response to Item 9 on cover pages.

            (c)  Number of shares as to which such person has: 
                 (i)   sole power to vote or to direct the vote:
                         See Response to Item 5 on cover pages.
                 (ii)  shared power to vote or to direct the vote:
                         See Response to Item 6 on cover pages.
                 (iii) sole power to dispose or to direct the disposition of:
                         See Response to Item 7 on cover pages.
                 (iv)  shared power to dispose or to direct the disposition of:
                         See Response to Item 8 on cover pages.
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
Item 10:    Certification: 
                                 Not applicable




<PAGE>   10

                                   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.

                                           February 10, 1999

                                           /s/ Robert E. Koski
                                           ------------------------------------
                                           ROBERT E. KOSKI


                                           /s/ Beverly Koski
                                           ------------------------------------
                                           BEVERLY KOSKI


                                           /s/ Christine L. Koski
                                           ------------------------------------
                                           CHRISTINE L. KOSKI


                                           /s/ Robert C. Koski
                                           ------------------------------------
                                           ROBERT C. KOSKI


                                           /s/ Thomas L. Koski
                                           ------------------------------------
                                           THOMAS L. KOSKI


                                           KOSKI FAMILY LIMITED PARTNERSHIP


                                           By: /s/ Robert E. Koski
                                              ---------------------------------
                                                   Robert E. Koski, 
                                                   General Partner




<PAGE>   11


                                   EXHIBIT A

                            RULE 13d-1(k) AGREEMENT


         The undersigned agree and consent to the joint filing on their behalf
of this Schedule 13G in connection with their beneficial ownership of the
common stock of Sun Hydraulics Corporation at December 31, 1998.


                                           /s/ Robert E. Koski
                                           ------------------------------------
                                           ROBERT E. KOSKI



                                           /s/ Beverly Koski
                                           ------------------------------------
                                           BEVERLY KOSKI



                                           /s/ Christine L. Koski
                                           ------------------------------------
                                           CHRISTINE L. KOSKI



                                           /s/ Robert C. Koski
                                           ------------------------------------
                                           ROBERT C. KOSKI



                                           /s/ Thomas L. Koski
                                           ------------------------------------
                                           THOMAS L. KOSKI


                                           KOSKI FAMILY LIMITED PARTNERSHIP


                                           By: /s/ Robert E. Koski
                                              ---------------------------------
                                                   Robert E. Koski, 
                                                   General Partner




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