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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.1)*
Rollins Environmental Services, Inc.
(now Laidlaw Environmental Services, Inc.)
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(NAME OF ISSUER)
Common Stock, $1.00 Par Value
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(TITLE OF CLASS OF SECURITIES)
775709
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(CUSIP NUMBER)
James M. Plasynski, Westinghouse Electric Corporation,
11 Stanwix Street, Pittsburgh, PA 15222, (412) 642-2591
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(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)
May 15, 1997
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(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 [__].
Check the following box if a fee is being paid with the statement. X (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; (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-l(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 bee
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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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS:
Westinghouse Electric Corporation
25-0877540
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS*
OO
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Incorporated in Pennsylvania
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(7) SOLE VOTING POWER
0 (See Amended Item 5)
Number of ---------------------------------------------
Shares
Beneficially (8) SHARED VOTING POWER
Owned by 0
Each Reporting
Person --------------------------------------------
With (9) SOLE DISPOSITIVE POWER
0 (See Amended Item 5)
--------------------------------------------
(10) Shared Dispositive Power
0
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Amended Item 5)
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(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
[ ]
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
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(14) TYPE OF REPORTING PERSON* CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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The Schedule 13D filed on April 11, 1995 by Westinghouse Electric
Corporation ("Westinghouse"), is hereby amended by this Amendment No. 1 as
follows:
1. The second paragraph of Item 2 is amended by substituting therefor the
following paragraph: "Westinghouse is a global company which operates
its businesses through the Westinghouse/CBS Group and the Industries &
Technology Group. The Westinghouse/CBS Group combines the media
operations of CBS Inc. and Infinity Broadcasting Corporation, which
Westinghouse acquired in 1995 and 1996, respectively, and Group W
Broadcasting. The Westinghouse/CBS Group operates in the principal
business areas of television and radio broadcasting and cable
programming. The Industries & Technology Group operates in the
principal business areas of power generation systems, transport
temperature control, and chemical and nuclear materials management."
Schedule I of Item 2 is also amended by substituting therefor the
attached Schedule I. Item 2 is further amended to report that except
for Robert E. Cawthorn and David K. P. Li, who are both British
citizens, each person identified in Schedule I hereto is a United
States citizen.
2. Item 4 is amended to report that on May 15, 1997, Westinghouse
exchanged the Debenture for a $60,000,000 note (the "Note") from
Laidlaw Environmental Services, Inc. Rollins acquired the stock of
Laidlaw Chem-Waste, Inc. from Laidlaw Transporation, Inc. on May 15,
1997. Following the acquisition the name of Rollins was changed to
Laidlaw Environmental Services, Inc.
3. Item 5 is amended to report that on May 15, 1997, Westinghouse
exchanged the Debenture for the Note. Westinghouse thereby ceased to
be a beneficial owner of the Common Stock of Rollins on that date.
4. Any information previously included in the Schedule 13D, and not
revised or modified as described in this Amendment No. 1 remains
unchanged.
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Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment No. 1 is true,
complete and correct.
Dated: May 19, 1997
WESTINGHOUSE ELECTRIC CORPORATION
By: /s/ ANGELINE C. STRAKA
------------------------------
Angeline C. Straka
Vice President, Secretary and
Associate General Counsel
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Schedule I
Name, business address, and present
principal occupation or employment of
the directors and executive officers of
Westinghouse Electric Corporation
Directors
Present Principal Occupation
Name, Business Address and Address of Employment
Frank C. Carlucci Chairman
The Carlyle Group The Carlyle Group
1001 Pennsylvania Avenue, N.W. 1001 Pennsylvania Avenue, N.W.
Washington, DC 20004-2505 Washington, DC 20004-2505
Robert E. Cawthorn Chairman Emeritus
Rhone-Poulenc Rorer, Inc. Rhone-Poulenc Rorer, Inc.
500 Arcola Rd. 500 Arcola Rd.
Collegeville, PA 19426 Collegeville, PA 19426
Gary M. Clark Vice Chairman and President
Westinghouse Electric Corporation Westinghouse Electric Corporation
11 Stanwix St. 11 Stanwix St.
Pittsburgh, PA 15222 Pittsburgh, PA 15222
George H. Conrades Chairman and CEO
BBN Corporation BBN Corporation
150 Cambridge Park Drive 150 Cambridge Park Drive
Cambridge, MA 02140 Cambridge, MA 02140
William H. Gray III President and CEO
The College Fund/UNCF The College Fund/UNCF
8260 Willow Oaks Corporate Drive 8260 Willow Oaks Corporate Drive
P. O. Box 10444 P. O. Box 10444
Vienna, VA 22031 Vienna, VA 22031
Michael H. Jordan Chairman and CEO
Westinghouse Electric Corporation Westinghouse Electric Corporation
11 Stanwix St. 11 Stanwix St.
Pittsburgh, PA 15222 Pittsburgh, PA 15222
Mel Karmazin Chairman and CEO
CBS Radio CBS Radio
40 W. 57th Street 40 W. 57th Street
New York, NY 10019 New York, NY 10019
David K. P. Li Chairman and Chief Executive
The Bank of East Asia, Limited The Bank of East Asia, Limited
10 Des Voeux Road Central 10 Des Voeux Road Central
Hong Kong Hong Kong
Peter A. Lund President and CEO
CBS Television and Cable Group CBS Television and Cable Group
51 W. 52nd Street 51 W. 52nd Street
New York, NY 10019 New York, NY 10019
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David T. McLaughlin Chairman and CEO
The Aspen Institute The Aspen Institute
P. O. Box 222 P. O. Box 222
2010 Carmichael Road 2010 Carmichael Road
Queenstown, MD 21658 Queenstown, MD 21658
Richard R. Pivirotto President
Richard R. Pivirotto Co., Inc. Richard R. Pivirotto Co., Inc.
111 Clapboard Ridge Road 111 Clapboard Ridge Road
Greenwich, CT 06830 Greenwich, CT 06830
Raymond W. Smith Chairman & CEO
Bell Atlantic Corporation Bell Atlantic Corporation
1717 Arch Street, 32nd Floor 1717 Arch Street, 32nd Floor
Philadelphia, PA 19103 Philadelphia, PA 19103
Paula Stern President
The Stern Group, Inc. The Stern Group, Inc.
3314 Ross Place NW 3314 Ross Place NW
Washington, DC 20008 Washington, DC 20008
Robert D. Walter Chairman and CEO
Cardinal Health, Inc. Cardinal Health, Inc.
5555 Glendon Court 5555 Glendon Court
Dublin, OH 43016 Dublin, OH 43016
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Executive Officers
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<CAPTION>
Present Principal Occupation
Name, Business Address and Address of Employment
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Michael H. Jordan Chairman and CEO
Westinghouse Electric Corporation Westinghouse Electric Corporation
Westinghouse Building Westinghouse Building
11 Stanwix Street 11 Stanwix Street
Pittsburgh, PA 15222 Pittsburgh, PA 15222
Gary M. Clark Vice Chairman and President
Westinghouse Electric Corporation Westinghouse Electric Corporation
Westinghouse Building Westinghouse Building
11 Stanwix Street 11 Stanwix Street
Pittsburgh, PA 15222 Pittsburgh, PA 15222
Louis J. Briskman Senior Vice President and General Counsel
Westinghouse Electric Corporation Westinghouse Electric Corporation
Westinghouse Building Westinghouse Building
11 Stanwix Street 11 Stanwix Street
Pittsburgh, PA 15222 Pittsburgh, PA 15222
Francis J. Harvey Executive Vice President and Chief Operating Officer
Westinghouse Electric Corporation Industries & Technology Group
Westinghouse Building Westinghouse Building
11 Stanwix Street 11 Stanwix Street
Pittsburgh, PA 15222 Pittsburgh, PA 15222
Mel Karmazin Chairman and CEO
CBS Radio CBS Radio
40 W. 57th Street 40 W. 57th Street
New York, NY 10019 New York, NY 10019
Peter A. Lund President and CEO
CBS Television and Cable Group CBS Television and Cable Group
51 W. 52nd Street 51 W. 52nd Street
New York, NY 10019 New York, NY 10019
Charles W. Pryor, Jr. President - Energy Systems
Westinghouse Electric Corporation Westinghouse Electric Corporation
Energy Center Energy Center
4350 Northern Pike 4350 Northern Pike
Monroeville, PA 15146 Monroeville, PA 15146
Fredric G. Reynolds Executive Vice President
Westinghouse Electric Corporation and Chief Financial Officer
Westinghouse Building Westinghouse Electric Corporation
11 Stanwix Street Westinghouse Building
Pittsburgh, PA 15222 11 Stanwix Street
Pittsburgh, PA 15222
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<TABLE>
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Carol V. Savage Vice President and Chief Accounting Officer
Westinghouse Electric Corporation Westinghouse Electric Corporation
Westinghouse Building Westinghouse Building
11 Stanwix Street 11 Stanwix Street
Pittsburgh, PA 15222 Pittsburgh, PA 15222
James F. Watson, Jr. President - Thermo King
Thermo King Corporation Thermo King Corporation
314 W. 90th Street 314 W. 90th Street
Minneapolis, MN 55420 Minneapolis, MN 55420
Randy H. Zwirn President - Power Generation
Westinghouse Electric Corporation Westinghouse Electric Corporation
The Quadrangle The Quadrangle
4400 Alafaya Trail 4400 Alafaya Trail
Orlando, FL 32826-2399 Orlando, FL 32826-2399
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