SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13D-2(A)
(Amendment No. 2)
EMCOR GROUP, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01
(Title of Class of Securities)
29084Q100
(CUSIP NUMBER)
BAY HARBOUR MANAGEMENT, L.C.
TOWER INVESTMENT GROUP, INC.
STEVEN A. VAN DYKE
777 South Harbour Island Boulevard, Suite 270
Tampa, Florida 33602
(813) 272-1992
DOUGLAS P. TEITELBAUM
885 Third Avenue
34th Floor
New York, New York 10022
(212) 371-2211
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 30, 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 [_]
(Continued on the following pages)
(Page 1 of 21 Pages)
<PAGE>
- ------------------------- -------------------------
CUSIP No. 29084Q100 13D Page 2 of 21 Pages
- ------------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Steven A. Van Dyke
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON N/A
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS OO, PF
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
- --------------------------------------------------------------------------------
Number of
Shares 7 SOLE VOTING POWER 30,600
----------------------------------------------------------------
Beneficially 8 SHARED VOTING POWER 1,397,367
Owned by
----------------------------------------------------------------
Each Reporting 9 SOLE DISPOSITIVE POWER 30,600
----------------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER 1,397,367
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,427,967
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.35%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN, HC
- --------------------------------------------------------------------------------
<PAGE>
- ------------------------- -------------------------
CUSIP No. 29084Q100 13D Page 3 of 21 Pages
- ------------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Douglas P. Teitelbaum
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON N/A
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
- --------------------------------------------------------------------------------
Number of
Shares 7 SOLE VOTING POWER -0-
----------------------------------------------------------------
Beneficially 8 SHARED VOTING POWER 1,397,367
Owned by
----------------------------------------------------------------
Each Reporting 9 SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER 1,397,367
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,397,367
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN, HC
- --------------------------------------------------------------------------------
<PAGE>
- ------------------------- -------------------------
CUSIP No. 29084Q100 13D Page 4 of 21 Pages
- ------------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Tower Investment Group, Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 59-2924229
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida
- --------------------------------------------------------------------------------
Number of
Shares 7 SOLE VOTING POWER -0-
----------------------------------------------------------------
Beneficially 8 SHARED VOTING POWER 1,397,367
Owned by
----------------------------------------------------------------
Each Reporting 9 SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER 1,397,367
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,397,367
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON HC
- --------------------------------------------------------------------------------
<PAGE>
- ------------------------- -------------------------
CUSIP No. 29084Q100 13D Page 5 of 21 Pages
- ------------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Bay Harbour Management, L.C.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 59-3418243
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida
- --------------------------------------------------------------------------------
Number of
Shares 7 SOLE VOTING POWER 247,000
----------------------------------------------------------------
Beneficially 8 SHARED VOTING POWER 1,150,367
Owned by
----------------------------------------------------------------
Each Reporting 9 SOLE DISPOSITIVE POWER 247,000
----------------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER 1,150,367
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,397,367
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IA
- --------------------------------------------------------------------------------
<PAGE>
- ------------------------- -------------------------
CUSIP No. 29084Q100 13D Page 6 of 21 Pages
- ------------------------- -------------------------
1 NAME OF REPORTING PERSON Bay Harbour Investments, Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida
- --------------------------------------------------------------------------------
Number of
Shares 7 SOLE VOTING POWER -0-
----------------------------------------------------------------
Beneficially 8 SHARED VOTING POWER 365,479
Owned by
----------------------------------------------------------------
Each Reporting 9 SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER 365,479
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
365,479
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON CO
- --------------------------------------------------------------------------------
<PAGE>
- ------------------------- -------------------------
CUSIP No. 29084Q100 13D Page 7 of 21 Pages
- ------------------------- -------------------------
1 NAME OF REPORTING PERSON Bay Harbour 90-1, Ltd.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida
- --------------------------------------------------------------------------------
Number of
Shares 7 SOLE VOTING POWER 345,650
----------------------------------------------------------------
Beneficially 8 SHARED VOTING POWER -0-
Owned by
----------------------------------------------------------------
Each Reporting 9 SOLE DISPOSITIVE POWER 345,650
----------------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER -0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
345,650
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON PN
- --------------------------------------------------------------------------------
<PAGE>
- ------------------------- -------------------------
CUSIP No. 29084Q100 13D Page 8 of 21 Pages
- ------------------------- -------------------------
1 NAME OF REPORTING PERSON Trophy Hunter Investments, Ltd.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida
- --------------------------------------------------------------------------------
Number of
Shares 7 SOLE VOTING POWER 380,000
----------------------------------------------------------------
Beneficially 8 SHARED VOTING POWER -0-
Owned by
----------------------------------------------------------------
Each Reporting 9 SOLE DISPOSITIVE POWER 380,000
----------------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER -0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
380,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON PN
- --------------------------------------------------------------------------------
<PAGE>
- ------------------------- -------------------------
CUSIP No. 29084Q100 13D Page 9 of 21 Pages
- ------------------------- -------------------------
1 NAME OF REPORTING PERSON Bay Harbour Partners, Ltd.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida
- --------------------------------------------------------------------------------
Number of
Shares 7 SOLE VOTING POWER 374,888
----------------------------------------------------------------
Beneficially 8 SHARED VOTING POWER -0-
Owned by
----------------------------------------------------------------
Each Reporting 9 SOLE DISPOSITIVE POWER 374,888
----------------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER -0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
374,888
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON CO
- --------------------------------------------------------------------------------
<PAGE>
- ------------------------- -------------------------
CUSIP No. 29084Q100 13D Page 10 of 21 Pages
- ------------------------- -------------------------
1 NAME OF REPORTING PERSON Trophy Hunter Partners, Ltd.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida
- --------------------------------------------------------------------------------
Number of
Shares 7 SOLE VOTING POWER 30,000
----------------------------------------------------------------
Beneficially 8 SHARED VOTING POWER -0-
Owned by
----------------------------------------------------------------
Each Reporting 9 SOLE DISPOSITIVE POWER 30,000
----------------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER -0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
30,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON CO
- --------------------------------------------------------------------------------
<PAGE>
- ------------------------- -------------------------
CUSIP No. 29084Q100 13D Page 11 of 21 Pages
- ------------------------- -------------------------
1 NAME OF REPORTING PERSON Bay Harbour 98-1, Ltd.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida
- --------------------------------------------------------------------------------
Number of
Shares 7 SOLE VOTING POWER -0-
----------------------------------------------------------------
Beneficially 8 SHARED VOTING POWER 19,829
Owned by
----------------------------------------------------------------
Each Reporting 9 SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER 19,829
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,829
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON CO
- --------------------------------------------------------------------------------
<PAGE>
- ------------------------- -------------------------
CUSIP No. 29084Q100 13D Page 12 of 21 Pages
- ------------------------- -------------------------
1 NAME OF REPORTING PERSON Trophy Hunters, Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida
- --------------------------------------------------------------------------------
Number of
Shares 7 SOLE VOTING POWER -0-
----------------------------------------------------------------
Beneficially 8 SHARED VOTING POWER 380,000
Owned by
----------------------------------------------------------------
Each Reporting 9 SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER 380,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
380,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON CO
- --------------------------------------------------------------------------------
<PAGE>
This Amendment No. 2 amends and supplements the Statement on Schedule
13D, originally filed with the U.S. Securities and Exchange Commission (the
"SEC") on November 4, 1998 (the "Schedule 13D"), by Bay Harbour Management, L.C.
("Bay Harbour"), Tower Investment Group, Inc. ("Tower"), Steven A. Van Dyke
("Van Dyke"), and Douglas P. Teitelbaum ("Teitelbaum"), as amended by Amendment
No.1, filed with the SEC on December 18, 1998, which added the following persons
(herein referred to collectively with Bay Harbour, Tower, Van Dyke and
Teitelbaum as the "Reporting Persons"): Bay Harbour 90-1, Ltd., Bay Harbour
98-1, Ltd., Trophy Hunter Investments, Ltd., Bay Harbour Investments, Inc.,
Trophy Hunters, Inc., Bay Harbour Partners, Ltd. and Trophy Hunter Partners,
Ltd.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is hereby amended by adding the following statement at the end of the
existing Item 3.
Since the filing of Amendment No.1 to the Schedule 13D, Bay Harbour 90-1,
Ltd. purchased an aggregate of 5,000 shares of Emcor Common Stock for total
consideration (including brokerage commissions) of $81,900. The source of funds
used by Bay Harbour 90-1, Ltd. to purchase such shares was capital invested by
its limited partners.
Since the filing of Amendment No. 1 to the Schedule 13D, Bay Harbour
Partners, Ltd. purchased an aggregate of 10,000 shares of Emcor Common Stock for
total consideration (including brokerage commissions) of $162,550. The source of
funds used by Bay Harbour Partners, Ltd. to purchase such shares was Capital
invested by its shareholders.
Since the Filing of Amendment No. 1 to the Schedule 13D, Trophy Hunter
Investments, Ltd. Purchased an aggregate of 24,000 shares of Emcor Common Stock
for total consideration (including brokerage commissions) of $390,300. The
source of the funds used by Trophy Hunter Partners, ltd. to purchase such shares
was capital invested by its shareholders.
Since the Filing of Amendment No. 1 to the Schedule 13D, Bay Harbour
purchased an aggregate of 25,000 shares of EMCOR Common Stock for total
consideration (including brokerage commissions) of $405,700. The source of
funds used by Bay Harbour to purchase such shares was Capital in investment
accounts managed on a discretionary basis by Bay Harbour.
13
<PAGE>
ITEM 4. PURPOSE OF TRANSACTION
Item 4 is hereby amended by adding the following statement at the end of the
existing Item 4.
By letter dated December 30, 1998, Bay Harbour 90-1, Ltd. notified Emcor,
pursuant to Rule 14a-8 promulgated under the Securities Exchange Act of 1934, as
amended, of its intention to present the following proposal (the "Proposal") for
action at the forthcoming Annual Meeting of Stockholders to be held in 1999 (the
"1999 Annual Meeting"):
"RESOLVED, that, with a view toward maximizing stockholder value, the
stockholders of EMCOR Group, Inc. (the "Corporation") recommend that the Board
of Directors of the Corporation immediately engage the services of a nationally
recognized investment banking firm to pursue the possible sale of the
Corporation (by means of a merger, sale of capital stock, sale of assets or
otherwise) to an appropriate targeted group of potential strategic acquirors."
Bay Harbour 90-1 Ltd. also requested that Emcor include the Proposal and a
statement in support thereof in its proxy statement for the 1999 Annual Meeting.
As previously disclosed in the Schedule 13D, the Reporting Persons believe that
it is the proper time for Emcor to actively seek out a strategic buyer for its
business.
14
<PAGE>
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 is hereby amended in its entirety to read as follows:
(a) As of the date of this Statement, the Reporting Persons
beneficially owned in the aggregate 1,427,967 Shares (including 36,576 Shares
issuable upon conversion of the Debentures), constituting 14.35% of the
outstanding shares of Emcor Common Stock (the percentage of shares of Emcor
Common Stock beneficially owned being based upon 9,952,803 shares of Emcor
Common Stock outstanding on October 28, 1998, as set forth in the Emcor's
quarterly report on Form 10-Q for the fiscal quarter ended September 30, 1998).
The Reporting Persons may be deemed to have direct beneficial ownership of
shares of Emcor Common Stock as follows:
<TABLE>
<CAPTION>
Approximate
Aggregate Percentage of
Number of Shares Principal Outstanding Shares of
of Emcor Amount of Emcor Common Stock
Name Common Stock Debentures Beneficially Owned
- ---- ------------ ---------- ------------------
<S> <C> <C> <C>
Bay Harbour 90-1, Ltd. 329,191 450,00 (1) 3.5%
Trophy Hunter Investments, Ltd. 380,000 3.8%
Bay Harbour Partners, Ltd. 356,600 500,000 (2) 3.8%
Bay Harbour 98-1, Ltd. 18,000 50,000 (3) 0.2%
Trophy Hunter Partners, Ltd. 30,000 0.3%
Bay Harbour 247,000 2.5%
Steve Van Dyke 30,600 (4) 0.3%
</TABLE>
- --------------------
(1) Convertible into 16,459 Shares based upon a conversion price of $27.34 per
Share.
(2) Convertible into 18,288 Shares based upon a conversion price of $27.34 per
Share.
(3) Convertible into 1,829 Shares based upon a conversion price of $27.34 per
Share.
(4) Includes 26,900 Shares held in a joint account with Ann Van Dyke, not a
Reporting Person.
15
<PAGE>
Tower, as the majority shareholder of Bay Harbour, may be deemed to own
beneficially (as that term is defined in Rule 13d-3 under the Securities
Exchange Act of 1934) the Securities as to which Bay Harbour possesses direct
beneficial ownership. Each of Messrs. Van Dyke and Teitelbaum, as directors,
executive officers and shareholders of Tower, may be deemed to beneficially own
the Securities which Tower may be deemed to beneficially own. Each of Messrs.
Van Dyke and Teitelbaum disclaims beneficial ownership of such Securities for
all other purposes.
Bay Harbour has direct beneficial ownership of the Securities held in
certain accounts that it manages. Each of Messrs. Teitelbaum and Van Dyke, as
executive officers and directors of Bay Harbour, may be deemed to own
beneficially (as that term is defined in Rule 13d-3 under the Securities
Exchange Act of 1934) the Securities which Bay Harbour beneficially owns. Each
of Messrs. Teitelbaum and Van Dyke hereby disclaims beneficial ownership of such
Securities for all other purposes.
Bay Harbour Investments, Inc., as the general partner of Bay
Harbour 90-1, may be deemed to own beneficially (as that term is defined in Rule
13d-3 under the Securities Exchange Act of 1934) Securities which Bay Harbour
90-1 may be deemed to possess direct beneficial ownership. Each of Messrs. Van
Dyke and Teitelbaum, as shareholders, officers and directors of Bay Harbour
Investments, Inc., Bay Harbour and Tower may be deemed to beneficially own
Securities which Bay Harbour 90-1 may be deemed to beneficially own. Each of
Messrs. Van Dyke and Teitelbaum disclaims beneficial ownership of such Shares
for all other purposes.
Trophy Hunters, Inc., as the general partner of Trophy Hunter
Investments, Ltd., may be deemed to own beneficially (as that term is defined in
Rule 13d-3 under the Securities Exchange Act of 1934) Securities which Trophy
Hunters Investments, Ltd. may be deemed to possess direct beneficial ownership.
Each of Messrs. Van Dyke and Teitelbaum, as shareholders, officers and directors
of Trophy Hunters, Inc., Bay Harbour and Tower may be deemed to beneficially own
Securities which Trophy Hunter Investments, Ltd. may be deemed to beneficially
own. Each of Messrs. Van Dyke and Teitelbaum disclaims beneficial ownership of
such Shares for all other purposes.
Bay Harbour, as the investment advisor of Trophy Hunter
Partners, Ltd., may be deemed to own beneficially (as that term is defined in
Rule 13d-3 under the Securities Exchange Act of 1934) Securities which Trophy
Hunters Partners, Ltd. may be deemed to possess direct beneficial ownership.
Each of Messrs. Van Dyke and Teitelbaum, as shareholders, officers and directors
of Bay Harbour and Tower may be deemed to beneficially own Securities which
Trophy Hunter Partners, Ltd. may be deemed to beneficially own. Each of Messrs.
Van Dyke and Teitelbaum disclaims beneficial ownership of such Shares for all
other purposes.
16
<PAGE>
Bay Harbour, as the investment advisor of Bay Harbour
Partners, Ltd., may be deemed to own beneficially (as that term is defined in
Rule 13d-3 under the Securities Exchange Act of 1934) Securities which Bay
Harbour Partners, Ltd. may be deemed to possess direct beneficial ownership.
Each of Messrs. Van Dyke and Teitelbaum, as shareholders, officers and directors
of Bay Harbour and Tower may be deemed to beneficially own Securities which Bay
Harbour Partners, Ltd. may be deemed to beneficially own. Each of Messrs. Van
Dyke and Teitelbaum disclaims beneficial ownership of such Shares for all other
purposes.
Bay Harbour Investments, Inc., as the general partner of Bay
Harbour 98-1, Ltd. may be deemed to own beneficially (as that term is defined in
Rule 13d-3 under the Securities Exchange Act of 1934) Securities which Bay
Harbour 98-1, Ltd. may be deemed to possess direct beneficial ownership. Each of
Messrs. Van Dyke and Teitelbaum, as shareholders, officers and directors of Bay
Harbour Investments, Inc., may be deemed to beneficially own Securities which
Bay Harbour 98-1, Ltd. may be deemed to beneficially own. Each of Messrs. Van
Dyke and Teitelbaum disclaims beneficial ownership of such Shares for all other
purposes.
(b) Bay Harbour has the sole power to vote or direct the vote of 247,000
shares of Emcor Common Stock held in accounts and that it manages, and the sole
power to dispose or direct the disposition of all such shares of Emcor Common
Stock. Tower and Messrs. Van Dyke and Teitelbaum may be deemed to share with Bay
Harbour the power to vote or to direct the vote and to dispose of or to direct
the disposition of such shares of Emcor Common Stock.
Van Dyke has the sole power to vote or direct the vote of 30,600 shares of
Emcor Common Stock and the sole power to dispose or direct the disposition of
such shares of Emcor Common Stock. Van Dyke's wife, Ann Van Dyke (not a
Reporting Person) may be deemed to share with Van Dyke the power to vote or
direct the vote and to dispose of or direct the disposition of 26,900 of such
shares of Emcor Common Stock.
Bay Harbor 90-1, Ltd. has the sole power to vote or direct the vote of 329,191
Shares and, after conversion of the Debentures, an additional 16,459 shares of
Emcor Common Stock and the sole power to dispose or direct the disposition of
such Securities. Tower, Bay Harbour, Bay Harbour Investments, Inc. and Messrs.
Van Dyke and Teitelbaum may be deemed to share with Bay Harbor 90-1, Ltd. the
power to vote or to direct the vote and to dispose or to direct the disposition
of such Securities.
17
<PAGE>
Bay Harbour 98-1, Ltd. has the sole power to vote or direct the vote of 18,000
Shares and, after conversion of the Debentures, an additional 1,829 shares of
Emcor Common Stock and the sole power to dispose or direct the disposition of
such Securities. Tower, Bay Harbour, Bay Harbour Investments, Inc. and Messrs.
Van Dyke and Teitelbaum may be deemed to share with Bay Harbour 98-1, Ltd. the
power to vote or to direct the vote and to dispose or to direct the disposition
of such Securities.
Bay Harbour Partners, Ltd. has the sole power to vote or direct the vote of
356,600 Shares and, after conversion of the Debentures, an additional 18,288
shares of Emcor Common Stock and the sole power to dispose or direct the
disposition of such Securities. Tower, Bay Harbour and Messrs. Van Dyke and
Teitelbaum may be deemed to share with Bay Harbour Partners, Ltd. the power to
vote or to direct the vote and to dispose or to direct the disposition of such
Securities.
Trophy Hunter Investments, Ltd. has the sole power to vote or direct the vote of
380,000 Shares and the sole power to dispose or direct the disposition of such
Securities. Tower, Bay Harbour, Trophy Hunters, Inc. and Messrs. Van Dyke and
Teitelbaum may be deemed to share with Trophy Hunter Investments, Ltd. the power
to vote or to direct the vote and to dispose or to direct the disposition of
such Securities.
Trophy Hunter Partners, Ltd. has the sole power to vote or direct the vote of
30,000 Shares and the sole power to dispose or direct the disposition of such
Securities. Tower and Messrs. Van Dyke and Teitelbaum may be deemed to share
with Trophy Hunter Partners, Ltd. the power to vote or to direct the vote and to
dispose or to direct the disposition of such Securities.
(c) Information concerning transactions in the shares of Emcor Common Stock
by the Reporting Persons since their most recent filing on Schedule 13D is set
forth in Exhibit VI attached hereto, which is incorporated herein by reference.
(d) No other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, the
Securities, except the dividends from, or proceeds from the sale of shares of
Emcor Common Stock, and interest on or proceeds from the sale of Debentures in
each respective account managed by Bay Harbour and the investment partnerships
for which Bay Harbour acts as an investment advisor will be delivered into each
such respective account or to such investment partnership, as the case may be.
No such individual account, investment partnership or limited partner thereof
has an interest in shares of Emcor Common Stock reported in this Schedule 13D
representing more than five percent of the class of outstanding shares of Emcor
Common Stock.
(e) Not applicable.
18
<PAGE>
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
EXHIBIT VI Information concerning transactions in shares of Emcor Common
Stock since their most recent filing on Schedule 13D.
19
<PAGE>
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: January 6, 1999
BAY HARBOUR MANAGEMENT, L.C.
By: /s/ Steven A. Van Dyke
------------------------------
Name: Steven A. Van Dyke
Title: President
TOWER INVESTMENT GROUP, INC.
By: /s/ Steven A. Van Dyke
------------------------------
Name: Steven A. Van Dyke
Title: President
/s/ Steven A.Van Dyke
------------------------------
STEVEN A. VAN DYKE
/s/ Douglas P. Teitelbaum
------------------------------
DOUGLAS P. TEITELBAUM
BAY HARBOUR 90-1, LTD.
By: /s/ Steven A.Van Dyke
------------------------------
Name: Steven A. Van Dyke
Title: Authorized Signatory
BAY HARBOUR 98-1, LTD.
By: /s/ Steven A.Van Dyke
------------------------------
Name: Steven A. Van Dyke
Title: Authorized Signatory
20
<PAGE>
TROPHY HUNTER INVESTMENTS, LTD.
By: /s/ Steven A.Van Dyke
------------------------------
Name: Steven A. Van Dyke
Title: Authorized Signatory
BAY HARBOUR INVESTMENTS, INC.
By: /s/ Steven A.Van Dyke
------------------------------
Name: Steven A. Van Dyke
Title: Authorized Signatory
TROPHY HUNTERS, INC.
By: /s/ Steven A.Van Dyke
------------------------------
Name: Steven A. Van Dyke
Title: Authorized Signatory
BAY HARBOR PARTNERS, LTD.
By: /s/ Steven A.Van Dyke
------------------------------
Name: Steven A. Van Dyke
Title: Authorized Signatory
TROPHY HUNTER PARTNERS, LTD.
By: /s/ Steven A.Van Dyke
------------------------------
Name: Steven A. Van Dyke
Title: Authorized Signatory
21
<PAGE>
Exhibit Index
-------------
EXHIBIT VI Information concerning transactions in shares of Emcor Common
Stock since their most recent filing on Schedule 13D.
Exhibit VI
The Reporting Persons engaged in the following transactions in shares
of Emcor Common Stock since their most recent filing on Schedule 13D. All
transactions involved purchases of shares of Emcor Common Stock on NASDAQ.
<TABLE>
<CAPTION>
Name of Date of
Purchasing Entity Transaction No. of Shares Price per Share
- ---------------------------------------------- ------------------- ------------------- -------------------
<S> <C> <C> <C>
Bay Harbour Managed Accounts 12/18/98 5,000 $16.00
Bay Harbour Managed Accounts 12/29/98 10,000 $16.31
Bay Harbour Managed Accounts 12/30/98 5,000 $16.13
Bay Harbour Partners, Ltd. 12/30/98 5,000 $16.13
Trophy Hunter Partners, Ltd. 1/4/99 10,000 $16.19
Trophy Hunter Partners, Ltd. 1/5/99 4,000 $16.25
Trophy Hunter Partners, Ltd. 1/6/99 10,000 $16.34
Bay Harbour 90-1, Ltd. 1/6/99 5,000 $16.38
Bay Harbour Partners, Ltd. 1/6/99 5,000 $16.38
Bay Harbour Managed Accounts 1/6/99 5,000 $16.39
</TABLE>
