UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D
Amendment No. 9
Under the Securities Exchange Act of 1934
WELLCO ENTERPRISES, INC.
(Name of Issuer)
Common Stock, $1.00 Par Value
(Title of Class of Securities)
949476105
(CUSIP Number)
David Lutz, Wellco Enterprises, Inc. P. O. Box 188, Waynesvile, North Carolina
28786
828-456-3545
(Name, Address and Telephone Number of person Authorized to Receive Notices and
Communications)
MAY 31, 2000
(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: [ ]
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 (the "Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act.
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13d
CUSIP NO. 949476105
1 NAMES OF REPORTING PERSON'S S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSON
James T. Emerson
###-##-####
2 CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (SEE INSTRUCTIONS)
Not Applicable (a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
PF, OO
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
Not Applicable
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
7 SOLE VOTING POWER
NUMBER OF SHARES 749,472.44
BENEFICIALLY 8 SHARED VOTING POWER
OWNED -0-
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 749,472.44
WITH 10 SHARED DISPOSITIVE POWER
-0-
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
749,472.44
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCEEDS CERTAIN SHARES (SEE
INSTRUCTIONS) [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
59.0%
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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Item 1. Security and Issuer.
No change
Item 2. Identity and Background.
No change
Item 3. Source and Amount of Funds or other Consideration.
No change
Item 4. Purpose of Transaction.
No change
Item 5. Interest in Securities of the Issuer.
(a) The Reporting Person beneficially owns 749,472.44 shares of the Common
Stock of Wellco Enterprises, Inc., or 59.0% of the number of shares outstanding
on May 31, 2000.
(b) The Reporting Person directly owns 749,472.44 shares of the Common
Stock of Wellco Enterprises, Inc. as to which he has sole power to vote or
dispose.
(c) The Reporting Person made the following open market purchases of the
Common Stock of Wellco Enterprises, Inc. in the past 60 days:
Date of Transaction Amount (Shares) of Securities Price Per Share
Involved
4/13/2000 500 $8.000
4/14/2000 300 $7.875
4/14/2000 1,000 $8.000
4/18/2000 700 $7.750
4/27/2000 1,000 $8.250
4/28/2000 1,000 $8.000
5/10/2000 800 $8.000
5/16/2000 3,000 $7.500
5/23/2000 200 $7.750
5/24/2000 200 $8.000
5/31/2000 200 $8.000
(d) The Reporting Person has the right to receive dividends from and the
proceeds from the sale of the shares of the Common Stock of Wellco Enterprises,
Inc. owned directly by him.
(e) N/A
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Item 6. Contracts, Arrangements, Understandings or Relationships With Respect ot
Securities of the Issuer.
No change
Item 7. Materials to Be Filed As Exhibits.
No change
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.
June 13, 2000
Date
/James T. Emerson/
James T. Emerson
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