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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
NSC Corporation
________________________________________________________________________________
(Name of Issuer)
Common Stock $.10 par value per share
________________________________________________________________________________
(Title of Class of Securities)
00062938T1
_______________________________________________________________
(CUSIP Number)
Herbert A. Getz, Senior Vice President,
General Counsel and Secretary
Waste Management, Inc.
3003 Butterfield Road
Oak Brook, Illinois 60523
(630) 572-8840
________________________________________________________________________________
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
March 6, 1998
_______________________________________________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [_].
<PAGE>
Check the following box if a fee is being paid with the statement [_]. (A fee is
not required only if the reporting 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.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
* 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).
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 00062938T1 PAGE 2 OF 16 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Waste Management, Inc.
IRS Identification No. 36-266073
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 Not Applicable (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4 Not Applicable
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5 Not Applicable
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 5,380,671
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 5,380,671
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 5,380,671
<PAGE>
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
Not Applicable
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 54%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14 CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 00062938T1 PAGE 3 OF 16 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Chemical Waste Management, Inc.
IRS Identification No. 36-2989152
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 Not Applicable (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4 Not Applicable
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5 Not Applicable
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 5,380,671
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 5,380,671
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 5,380,671
<PAGE>
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
Not Applicable
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 54%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14 CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 00062938T1 PAGE 4 OF 16 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wheelabrator Technologies Inc.
IRS Identification No. 22-2678047
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 Not Applicable (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4 Not Applicable
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5 Not Applicable
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 5,380,671
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 5,380,671
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 5,380,671
<PAGE>
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
Not Applicable
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 54%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14 CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 00062938T1 PAGE 5 OF 16 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Rust Industrial Services Inc.
IRS Identification No. 63-1081057
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 Not Applicable (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4 Not Applicable
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5 Not Applicable
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 4,010,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 4,010,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 4,010,000
<PAGE>
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
Not Applicable
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 41%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14 CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 00062938T1 PAGE 6 OF 16 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Rust International Inc.
IRS Identification No. 63-1081055
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 Not Applicable (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4 Not Applicable
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5 Not Applicable
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 5,380,671
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 5,380,671
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 5,380,671
<PAGE>
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
Not Applicable
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 54%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14 CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 00062938T1 PAGE 7 OF 16 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Rust Remedial Services Holding Company Inc.
IRS Identification No.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 Not Applicable (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4 Not Applicable
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5 Not Applicable
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,370,671
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,370,671
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 1,370,671
<PAGE>
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
Not Applicable
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 14%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14 CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This Amendment No. 2 relates to the Statement on Schedule 13D, as amended
by Amendment No. 1 (the "Original Schedule 13D"), originally filed by Waste
Management, Inc. ("WMX"), Chemical Waste Management, Inc. ("CWM"), Wheelabrator
Technologies Inc. ("WTI"), Rust International Inc. ("Rust International") and
Rust Industrial Services Inc. ("Rust Services"), with respect to the common
stock, $.01 par value (the "Common Stock"), of NSC Corporation (the "Issuer").
Rust Remedial Services Holding Company Inc., a Delaware corporation ("Remedial
Services"), is a wholly-owned subsidiary of Rust International. This Amendment
supplements and amends the Original Schedule 13D and should be read in
conjunction therewith. Capitalized terms used but not otherwise defined herein
have the meanings ascribed them in the Original Schedule 13D.
ITEM 4. PURPOSE OF THE TRANSACTION.
Pursuant to the Agreement and Plan of Merger dated as of January 15, 1998
among OHM Corporation, International Technology Corporation and IT-Ohio, Inc.
(which was included as Exhibit 5 to Amendment No. 1 to the Statement on Schedule
13D), OHM corporation distributed on March 6, 1998 to its shareholders of record
at the close of business on February 24, 1998, on a pro-rata basis, all of the
shares of Common Stock of the Issuer owned by OHM Corporation. Remedial Services
received approximately 1,370,671 shares of Common Stock of the Issuer in such
distribution.
WMX and its subsidiaries have embarked on a strategy of focusing on WMX's
core waste management services operations and of monetizing assets that either
are not part of such core operations or do not provide the desired level of
return. In light of this strategy, WMX, CWM, WTI, Rust International, Rust
Services and Remedial Services intend to review whether or not their investment
in the Issuer should be sold or otherwise disposed of. Such parties will also
consider possible transactions emerging from the Issuer's previously announced
retention of an investment banker to evaluate internal and external strategies
to enhance shareholder value.
ITEM 5 -- INTEREST IN SECURITIES OF THE ISSUER.
(a)(b) As a result of the distribution described in Item 4 above, (i)
Remedial Services beneficially owns approximately 1,370,671 shares, representing
approximately 14% of the outstanding shares of Common Stock of the Issuer, over
which Remedial Services has shared voting and investment power, (ii) Rust
Services beneficially owns 4,010,000 shares, representing approximately 41% of
the outstanding shares of Common Stock of the Issuer, over which Rust Services
has shared voting and investment power and (iii) Rust International, CWM, WTI
and WMX may be deemed to beneficially own, and have shared voting and investment
power over, approximately 5,408,671 shares (including the 1,370,671 shares held
by Remedial Services and the 4,010,000 shares held by Rust Services),
representing approximately 54% of the outstanding shares of Common Stock of the
Issuer.
(d) Remedial Services has the exclusive right to receive dividends from or
the proceeds from the sale of all of the 1,370,671 shares of Common Stock it
holds.
ITEM 7 -- MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1 Agreement dated as of March 9, 1998 among Remedial Services,
Rust Services, Rust International, WTI, CWM and WMX regarding
the filing of this Statement on Schedule 13D.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, Waste
Management, Inc. certifies that the information set forth in this Amendment is
true, complete and correct.
WASTE MANAGEMENT, INC.
By: /s/ Herbert A. Getz
-----------------------------------------
Herbert A. Getz
Senior Vice President,
General Counsel and Secretary
Dated: March 9, 1998
10
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
Wheelabrator Technologies Inc. certifies that the information set forth in this
Amendment is true, complete and correct.
WHEELABRATOR TECHNOLOGIES INC.
By: /s/ Thomas A. Witt
----------------------------------------
Thomas A. Witt
Secretary
Dated: March 9, 1998
11
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
Chemical Waste Management, Inc. certifies that the information set forth in this
Amendment is true, complete and correct.
CHEMICAL WASTE MANAGEMENT, INC.
By: /s/ Thomas A. Witt
----------------------------------------
Thomas A. Witt
Secretary
Dated: March 9, 1998
12
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, Rust
Industrial Services Inc. certifies that the information set forth in this
Amendment is true, complete and correct.
RUST INDUSTRIAL SERVICES INC.
By: /s/ Dale B. Tauke
---------------------------------------
Dale B. Tauke
Vice President
Dated: March 9, 1998
13
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, Rust
International Inc. certifies that the information set forth in this Amendment is
true, complete and correct.
RUST INTERNATIONAL INC.
By: /s/ Herbert A. Getz
------------------------------------------
Herbert A. Getz
Vice President
Dated: March 9, 1998
14
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, Rust
Remedial Services Holding Company Inc. certifies that the information set forth
in this Amendment is true, complete and correct.
RUST REMEDIAL SERVICES HOLDING COMPANY INC.
By: /s/ Dale B. Tauke
---------------------------------------
Dale B. Tauke
Vice President
Dated: March 9, 1998
15
<PAGE>
EXHIBIT INDEX
EXHIBIT NO.
DESCRIPTION
Exhibit 1 Agreement dated as of March 9, 1998 among Remedial Services,
Rust Services, Rust International, WTI, CWM and WMX regarding the
filing of this Statement on Schedule 13D.
16
<PAGE>
EXHIBIT 1
The undersigned agree that the Statement on Schedule 13D to which this
Agreement is attached is filed on behalf of each one of them pursuant to Rule
13d-1(f)(iii). This Agreement may be executed in any number of counterparts,
each of which shall be deemed to be an original and all of which shall together
constitute one instrument.
Dated: March 9, 1998
WASTE MANAGEMENT, INC.
By: /s/ Herbert A. Getz
--------------------------------------
Herbert A. Getz
Senior Vice President,
General Counsel and Secretary
WHEELABRATOR TECHNOLOGIES INC.
By: /s/ Thomas A. Witt
--------------------------------------
Thomas A. Witt
Secretary
CHEMICAL WASTE MANAGEMENT, INC.
By: /s/ Thomas A. Witt
--------------------------------------
Thomas A. Witt
Secretary
RUST INTERNATIONAL INC.
By: /s/ Herbert A. Getz
--------------------------------------
Herbert A. Getz
Vice President
RUST INDUSTRIAL SERVICES INC.
By: /s/ Dale B. Tauke
--------------------------------------
Dale B. Tauke
Vice President
RUST REMEDIAL SERVICES HOLDING COMPANY INC.
By: /s/ Dale B. Tauke
--------------------------------------
Dale B. Tauke
Vice President
