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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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SCHEDULE 13G
(RULE 13d-102)
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
(AMENDMENT NO. __) *
DENALI INCORPORATED
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
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(Title of Class of Securities)
248221103
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(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
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).
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CUSIP NO. 248221103 13G PAGE 2 OF 6 PAGES
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1. NAME OF REPORTING PERSONS
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
RICHARD D. ROBINS
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [ x ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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5. SOLE VOTING POWER
NUMBER OF 343,000
SHARES ----------------------------------------------
BENEFICIALLY
OWNED BY 6. SHARED VOTING POWER
EACH
REPORTING ----------------------------------------------
PERSON
WITH 7. SOLE DISPOSITIVE POWER
343,000
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8. SHARED DISPOSITIVE POWER
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
343,000
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 248221103 13G PAGE 3 OF 6 PAGES
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1. NAME OF REPORTING PERSONS
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
NATIONAL INVESTMENT MANAGEMENT, INC.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [ x ]
(b) [ ]
3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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5. SOLE VOTING POWER
NUMBER OF 343,000
SHARES ----------------------------------------------
BENEFICIALLY
OWNED BY 6. SHARED VOTING POWER
EACH ----------------------------------------------
REPORTING
PERSON 7. SOLE DISPOSITIVE POWER
WITH 343,000
----------------------------------------------
8. SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
343,000
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON *
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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ITEM 1.
(a) Name of Issuer:
Denali Incorporated
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(b) Address of Issuer's Principal Executive Offices:
1360 Post Oak Blvd., Suite 2250
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Houston, Texas 77056
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ITEM 2.
(a) Name of Person Filing:
Richard D. Robins
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National Investment Management, Inc.
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(b) Address of Principal Business Office or, if none, Residence:
Richard D. Robins
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2601 Airport Drive, Suite 210
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Torrance, CA 90505
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National Investment Management, Inc.
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2601 Airport Drive, Suite 210
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Torrance, CA 90505
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(c) Citizenship: United States
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(d) Title of Class of Securities: Common Stock, $0.01 par value
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(e) CUSIP Number: 248221103
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13-d-1(b), OR 13d-2(b),
CHECK WHETHER THE PERSON FILING 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) [ ] Investment 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.
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(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) [ ] Parent holding company, in accordance with Rule
13d-1(b)(ii)(G). See Item 7.
(h) [ ] Group, in accordance with Rule 13d-1(b)(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 a month described in Rule
13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that and identify those shares which there is a right to
acquire.
(a) Amount Beneficially Owned: 343,000 shares .
----------------------------------------
(b) Percent of Class: 8.0% .
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 343,000 shares .
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(ii) shared power to vote or to direct the vote .
----------------
(iii) sole power to dispose or to direct the disposition of
343,000 shares .
----------------
(iv) shared power to dispose or to direct the disposition of
.
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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 the beneficial owner of more than
five percent of the class of securities, check the following: [ ].
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 1.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
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ITEM 10. CERTIFICATION.
Not applicable.
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: April 30, 1998
/s/ RICHARD D. ROBINS
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Richard D. Robins
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: April 30, 1998 NATIONAL INVESTMENT MANAGEMENT, INC.
By: /s/ RICHARD D. ROBINS
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Richard D. Robins, President
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EXHIBIT INDEX
<TABLE>
<S> <C>
EXHIBIT 1 - Identification of Members of the Group
EXHIBIT 2 - Joint Statement Pursuant to Rule 13d-1(k)(1)
</TABLE>
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EXHIBIT 1
Identification of Members of the Group
The members of the group are Richard D. Robins and National Investment
Management, Inc. Richard D. Robins is the President and sole shareholder of
National Investment Management, Inc.
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EXHIBIT 2
JOINT STATEMENT PURSUANT TO RULE 13d-1(k)(1)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the undersigned without the necessity of filing statements. The
undersigned acknowledge that each shall be responsible for the timely filing of
such amendments, and for the completeness and accuracy of the information
concerning him or it contained therein, but shall not be responsible for the
completeness and accuracy of the information concerning the others, except to
the extent that he or it knows or has reason to believe that such information is
inaccurate.
Dated: April 30, 1998
/s/ RICHARD D. ROBINS
------------------------------------
Richard D. Robins
Dated: April 30, 1998 NATIONAL INVESTMENT MANAGEMENT, INC.
By: /s/ RICHARD D. ROBINS
---------------------------------
Richard D. Robins, President
