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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(Amendment No. 1)
Under the Securities Act of 1934
Emcor Group Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
29084Q100
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(CUSIP Number)
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The information required in the remainder of this cover page (except any items
to which the form provides a cross-reference) 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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CUSIP No. 29084Q100 13G Page 2 of 9 Pages
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1 Name of Reporting Person Steven A. Van Dyke
I.R.S. Identification No. of Above Person Not applicable
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2 Check the Appropriate Box if a Member of a Group
(See Instructions) (a) [ ]
(b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
United States
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Number of 5 Sole Voting Power
Shares 16,200
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Beneficially 6 Shared Voting Power
Owned by 1,124,776
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Each Reporting 7 Sole Dispositive Power
16,200
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Person With 8 Shared Dispositive Power
1,124,776
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,140,976
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10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
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11 Percent of Class Represented by Amount in Row (9)
10.58%
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12 Type of Reporting Person (See Instructions)
IN, HC
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CUSIP No. 29084Q100 13G Page 3 of 9 Pages
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1 Name of Reporting Person Douglas P. Teitelbaum
I.R.S. Identification No. of Above Person Not applicable
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2 Check the Appropriate Box if a Member of a Group
(See Instructions) (a) [ ]
(b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
United States
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Number of 5 Sole Voting Power
Shares 0
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Beneficially 6 Shared Voting Power
Owned by 1,124,776
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Each Reporting 7 Sole Dispositive Power
0
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Person With 8 Shared Dispositive Power
1,124,776
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,124,776
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10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
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11 Percent of Class Represented by Amount in Row (9)
10.43%
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12 Type of Reporting Person (See Instructions)
IN, HC
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CUSIP No. 29084Q100 13G Page 4 of 9 Pages
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1 Name of Reporting Person Tower Investment Group, Inc.
I.R.S. Identification No. of Above Person 59-2924229
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2 Check the Appropriate Box if a Member of a Group
(See Instructions) (a) [ ]
(b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
Florida
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Number of 5 Sole Voting Power
Shares 1,124,776
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Beneficially 6 Shared Voting Power
Owned by 0
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Each Reporting 7 Sole Dispositive Power
1,124,776
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Person With 8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,124,776
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10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
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11 Percent of Class Represented by Amount in Row (9)
10.43%
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12 Type of Reporting Person (See Instructions)
HC
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CUSIP No. 29084Q100 13G Page 5 of 9 Pages
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1 Name of Reporting Person Bay Harbour Management, L.C.
I.R.S. Identification No. of Above Person 59-3418243
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2 Check the Appropriate Box if a Member of a Group
(See Instructions) (a) [ ]
(b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
Florida
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Number of 5 Sole Voting Power
Shares 1,124,776
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Beneficially 6 Shared Voting Power
Owned by 0
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Each Reporting 7 Sole Dispositive Power
1,124,776
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Person With 8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,124,776
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10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
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11 Percent of Class Represented by Amount in Row (9)
10.43%
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12 Type of Reporting Person (See Instructions)
IA
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CUSIP No. 29084Q100 13G Page 6 of 9 Pages
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This Amendment No. 1 amends and supplements the Statement on Schedule 13G,
originally filed with the Securities and Exchange Commission on February 9,
1998 (the "Schedule 13G"), by Bay Harbour Management, L.C. ("Bay Harbour"),
Tower Investment Group, Inc. ("Tower"), as the majority stockholder of Bay
Harbour, and Steven A. Van Dyke ("Mr. Van Dyke"), in his capacity as the sole
stockholder and President of Tower. Since the filing of the Schedule 13G,
Douglas P. Teitelbaum has become a stockholder of Tower (Bay
Harbour, Tower, Mr. Van Dyke and Mr. Teitelbaum are collectively, the "Reporting
Persons"). Capitalized terms contained herein but not otherwise defined have the
meanings ascribed to them in the Schedule 13G.
Item 1(b) Address of Issuer's Principal Executive Offices:
Item 1(b) is hereby amended in its entirety to read as follows:
101 Merritt Seven Corporate Park
7th Floor
Norwalk, CT 06851
Item 2(a) Name of Person(s) Filing:
Item 2(a) is hereby amended in its entirety to read as follows:
Bay Harbour Management, L.C. ("Bay Harbour"), Tower Investment
Group, Inc. ("Tower"), as the majority stockholder of Bay
Harbour, Steven A. Van Dyke ("Mr. Van Dyke"), in his capacity as
a stockholder and President of Tower, and Douglas P. Teitelbaum
("Mr. Teitelbaum"), in his capacity as a stockholder of Tower.
Item 2(b) Address of Principal Business Office:
Item 2(b) is hereby amended in its entirety to read as follows:
The principal business address of Bay Harbour, Tower and Mr. Van
Dyke is 777 South Harbour Island Boulevard, Suite 270, Tampa,
Florida 33602. Mr. Teitelbaum's principal business address is 885
Third Avenue, 34th Floor, New York, NY 10022.
Item 2(c) Citizenship:
Item 2(c) is hereby amended in its entirety to read as follows:
Bay Harbour - Florida
Tower - Florida
Mr. Van Dyke - United States
Mr. Teitelbaum - United States
Item 3 The person(s) filing is (are):
Item 3 is hereby amended in its entirety to read as follows:
Bay Harbour is an investment adviser registered under Section 203
of the Investment Advisers Act of 1940.
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CUSIP No. 29084Q100 13G Page 7 of 9 Pages
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Tower is a parent holding company of Bay Harbour.
Mr. Van Dyke is a "parent holding company" of Bay Harbour.
Mr. Teitelbaum is a "parent holding company" of Bay Harbour.
Item 4(a) Amount Beneficially Owned:
Item 4(a) is hereby amended in its entirety to read as follows:
As of July 31, 1998, Bay Harbour may be deemed to be the
beneficial owner of 1,124,776 shares of Common Stock of Emcor
Group Inc. as a result of voting and dispositive power that it
held with respect to the 1,124,776 shares of Common Stock of
Emcor Group Inc. held for the account of five private investment
funds and seven managed accounts.
As of July 31, 1998, Tower may be deemed to be the beneficial
owner of the 1,124,776 shares of Common Stock of Emcor Group Inc.
deemed to be beneficially owned by Bay Harbour as referred to
above. Tower is the majority stockholder of Bay Harbour.
As of July 31, 1998, Mr. Van Dyke may be deemed beneficial
owner of 1,140,976 shares of Common Stock of Emcor Group Inc.,
consisting of (i) 1,124,776 shares of Common Stock deemed
to be beneficially owned by Bay Harbour as referred to above and
(ii) 16,200 shares of Common Stock beneficially owned by Mr. Van
Dyke. Mr. Van Dyke is a stockholder and President of Tower.
As of July 31, 1998, Mr. Teitelbaum may be deemed the beneficial
owner of 1,124,776 shares of Common Stock of Emcor Group Inc.,
deemed to be beneficially owned by Bay Harbour as referred to
above. Mr. Teitelbaum is a stockholder of Tower.
Item 4(b) Percent of Class:
10.58% (10.43% beneficially owned by Tower, Bay Harbour and Mr.
Teitelbaum)
Item 4(c) Number of shares as to which reporting persons have:
Item 4(c) is hereby amended in its entirety as follows:
Number of shares as to which Bay Harbour has:
(i) sole power to vote or direct the vote: 1,124,776
(ii) shared power to vote or to direct the vote: 0
(iii) the sole power to dispose of or to direct the disposition
of: 1,124,776
(iv) shared power to dispose of or to direct the disposition of:
0
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CUSIP No. 29084Q100 13G Page 8 of 9 Pages
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Bay Harbour does not currently possess any rights to acquire
additional shares of Emcor Group Inc. Common Stock.
Number of shares as to which Tower has:
(i) sole power to vote or direct the vote: 1,124,776
(ii) shared power to vote or to direct the vote: 0
(iii) the sole power to dispose of or to direct the disposition
of: 1,124,776
(iv) shared power to dispose of or to direct the disposition of:
0
Tower does not currently possess any rights to acquire additional
shares of Emcor Group Inc. Common Stock.
Number of shares as to which Mr. Van Dyke has:
(i) sole power to vote or direct the vote: 16,200
(ii) shared power to vote or to direct the vote: 1,124,776
(iii) the sole power to dispose of or to direct the disposition
of: 16,200
(iv) shared power to dispose of or to direct the disposition of:
1,124,776
Mr. Van Dyke does not currently possess any rights to acquire
additional shares of Emcor Group Inc. Common Stock.
Number of shares as to which Mr. Teitelbaum has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or to direct the vote: 1,124,776
(iii) the sole power to dispose of or to direct the disposition
of: 0
(iv) shared power to dispose of or to direct the disposition of:
1,124,776
Mr. Teitelbaum does not currently possess any rights to acquire
additional shares of Emcor Group Inc. Common Stock.
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CUSIP No. 29084Q100 13G Page 9 of 9 Pages
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Item 10. Certification.
By signing below each of the undersigned certifies that, to the
best of such person's knowledge and belief, the securities
referred to above were acquired in the ordinary course of
business and 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 purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief,
each of the undersigned certify that the information set forth in this statement
is true, complete and correct.
Date: August 10, 1998 BAY HARBOUR MANAGEMENT, L.C.
By: /s/ Steven A. Van Dyke
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Name: Steven A. Van Dyke
Title: President and Chief Executive Officer
Dated: August 10, 1998 TOWER INVESTMENT GROUP, INC.
By: /s/ Steven A. Van Dyke
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Name: Steven A. Van Dyke
Title: President
Dated: August 10, 1998 /s/ Steven A. Van Dyke
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Steven A. Van Dyke
Dated: August 10, 1998 /s/ Douglas P. Teitelbaum
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Douglas P. Teitelbaum
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Exhibit Index
The Exhibit Index is hereby amended in its entirety as follows:
Exhibit I Joint Filing Agreement, dated August 10, 1998, by and among Bay
Harbour Management, L.C., Tower Investment Group, Inc., Steven
A. Van Dyke and Douglas P. Teitelbaum.
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Exhibit I
Joint Filing Agreement
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 shall be filed on behalf of each of the
undersigned without the necessity of filing additional joint filing agreements.
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 it contained therein, but shall not be responsible for the
completeness and accuracy of the information concerning the others, except to
the extent that it knows or has reason to believe that such information is
inaccurate.
This Agreement may be executed counterparts and each of such
counterparts taken together shall constitute one and the same instrument.
Date: August 10, 1998 BAY HARBOUR MANAGEMENT, L.C.
By: /s/ Steven A. Van Dyke
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Name: Steven A. Van Dyke
Title: President and Chief Executive Officer
Dated: August 10, 1998 TOWER INVESTMENT GROUP, INC.
By: /s/ Steven A. Van Dyke
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Name: Steven A. Van Dyke
Title: President
Dated: August 10, 1998 /s/ Steven A. Van Dyke
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Steven A. Van Dyke
Dated: August 10, 1998 /s/ Douglas P. Teitelbaum
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Douglas P. Teitelbaum
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