SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
Brown & Sharpe Manufacturing Company
(Name of Issuer)
Class A Common Stock, par value $1.00 per share
(Title of Class of Securities)
115223 10 9
(CUSIP Number)
Seth H. Hoogasian, Esq. Thermo Electron Corporation
General Counsel 81 Wyman Street
(781) 622-1000 Waltham, MA 02254-9046
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 15, 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 that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check
the following box [ ].
* 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 the disclosures provided in a prior cover page.
The information required in 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 (however, see
the Notes).
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<TABLE>
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<S> <C> <C> <C> <C> <C> <C>
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Thermo Electron Corporation
IRS No. 04-2209186
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ x ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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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
State of Delaware
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7 SOLE VOTING POWER
NUMBER OF 534,200
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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8 SHARED VOTING POWER
0
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9 SOLE DISPOSITIVE POWER
534,200
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10 SHARED VOTING POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
534,200
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
4.1%
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14 TYPE OF REPORTING PERSON *
CO
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</TABLE>
Thermo Electron Corporation (the "Reporting Person") hereby amends its
statement on Schedule 13D relating to the shares of Class A Common Stock, par
value $1.00 per share (the "Shares"), of Brown & Sharpe Manufacturing Company
(the "Issuer"), as set forth below.
Item 2. Identity and Background.
The first paragraph of Item 2 is hereby amended and restated in its
entirety as follows:
This Amendment is being filed by the Reporting Person to reflect its
present ownership of less than five percent of the outstanding Shares.
Accordingly, unless and until the Reporting Person's ownership increases to more
than five percent of the Common Stock of the Issuer, the Reporting Person is no
longer subject to the reporting requirements of Schedule 13D with respect to its
ownership of the Shares.
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended and restated in its entirety as follows:
(a) The Reporting Person beneficially owns 534,200 Shares, or
approximately 4.1% of the outstanding Shares. To the knowledge of the Reporting
Person, the executive officers and directors of the Reporting Person
beneficially own no Shares.
(b) The Reporting Person has the sole power to vote and dispose of the
Shares.
(c) The Reporting Person has effected the following purchases and sales on
the open market with respect to the Shares during the past 60 days.
Date Shares Sold Price Per Share Transfer Type
4/22/98 10,000 $12.625 Open Market Purchase
4/22/98 9,500 12.688 Open Market Purchase
4/23/98 700 12.375 Open Market Purchase
4/24/98 3,900 12.375 Open Market Purchase
4/27/98 50,800 12 Open Market Purchase
4/27/98 18,200 12.125 Open Market Purchase
4/28/98 5,800 13.625 Open Market Purchase
4/29/98 74,200 13.625 Open Market Purchase
4/29/98 10,500 13.50 Open Market Purchase
6/05/98 22,000 12.625 Open Market Sale
6/05/98 3,000 12.6875 Open Market Sale
6/05/98 31,000 12.875 Open Market Sale
6/05/98 100 13 Open Market Sale
6/05/98 20,000 12.50 Open Market Sale
6/08/98 7,500 13 Open Market Sale
6/09/98 33,000 12.50 Open Market Sale
6/09/98 5,000 12.625 Open Market Sale
6/15/98 70,000 12 Open Market Sale
6/16/98 3,500 12 Open Market Sale
6/16/98 14,500 12.125 Open Market Sale
(d) Not applicable.
(e) The Reporting Person ceased to be the beneficial owner of more than
five percent of the outstanding Shares on June 15, 1998.
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Signature
After reasonable inquiry and to the best of its knowledge and belief,
the Reporting Person certifies that the information set forth in this statement
is true, complete and correct.
Date: June 15, 1998 THERMO ELECTRON CORPORATION
By:/s/ Melissa F. Riordan
Melissa F. Riordan
Treasurer
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APPENDIX A
The following individuals are executive officers or directors of Thermo
Electron Corporation ("Thermo Electron"). Unless otherwise noted, all such
individuals are citizens of the United States. Unless otherwise noted, the
business address of each executive officer of Thermo Electron is Thermo Electron
Corporation, 81 Wyman Street, Waltham, Massachusetts 02254-9046.
John M. Albertine: Director, Thermo Electron
Dr. Albertine is Chairman of the Board and Chief Executive Officer of
Albertine Enterprises, Inc., an economic and public policy consulting firm. His
business address is Albertine Enterprises, Inc., 1156 15th Street N.W., Suite
505, Washington, DC 20005.
Peter O. Crisp: Director, Thermo Electron
Mr. Crisp was, until September 1997, a General Partner of Venrock
Associates, a venture capital investment firm. His address is 103 Horseshoe
Road, Mill Neck, New York 11765-1005.
Elias P. Gyftopoulos: Director, Thermo Electron
Dr. Gyftopoulos is Professor Emeritus of the Massachusetts Institute of
Technology. His business address is Massachusetts Institute of Technology, Room
24-109, 77 Massachusetts Avenue, Cambridge, Massachusetts 02139.
Frank Jungers: Director, Thermo Electron
Mr. Jungers is a consultant on business and energy matters. His business
address is 822 N.W. Murray, Suite 242, Portland, Oregon 97229.
Robert A. McCabe: Director, Thermo Electron
Mr. McCabe is President of Pilot Capital Corporation, a firm specializing
in private investments and acquisition services. His business address is Pilot
Capital Corporation, 444 Madison Avenue, Suite 2103, New York, New York 10022.
Frank E. Morris: Director, Thermo Electron
Dr. Morris served as President of the Federal Reserve Bank of Boston from
1968 until he retired in 1988. Dr. Morris also served as the Peter Drucker
Professor of Management at Boston College from 1989 to 1994. His address is P.O.
Box 825, 24 Sugarhouse Road, New London, New Hampshire 03257.
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Donald E. Noble: Director, Thermo Electron
For more than 20 years, from 1959 to 1980, Mr. Noble served as the
Chief Executive Officer of Rubbermaid, Incorporated, first with the title of
President and then as Chairman of the Board. His business address is Rubbermaid
Incorporated, 1147 Akron Road, Wooster, Ohio 44691.
Robert W. O'Leary: Director, Thermo Electron
Mr. O'Leary is the Chairman and Chief Executive Officer of Premier, Inc., a
strategic healthcare alliance. His business address is Premier, Inc., 12225 El
Camino Real, San Diego, California 92130.
Hutham S. Olayan: Director, Thermo Electron
Ms. Olayan is the President and a director of Olayan America Corporation, a
firm engaged in advisory services and private investments, including real
estate. Her business address is 505 Park Avenue, Suite 1100, New York, New York
10022. Ms. Olayan is a citizen of Saudi Arabia.
Richard F. Syron: Director, Thermo Electron
Mr. Syron has served as the Chairman and Chief Executive Officer of the
American Stock Exchange since 1994. Mr. Syron was President and Chief Executive
Officer of the Federal Reserve Bank of Boston from 1989 to 1994. His business
address is 86 Trinity Place, New York, New York 10006.
Roger D. Wellington: Director, Thermo Electron
Mr. Wellington is the President and Chief Executive Officer of Wellington
Consultants, Inc. and of Wellington Associates, Inc., international business
consulting firms. His address is P.O. Box 8186, Longboat Key, Florida 34228.
George N. Hatsopoulos: Director, Chairman of the
Board and Chief Executive
Officer, Thermo Electron
John N. Hatsopoulos: Director, President and Chief
Financial Officer,
Thermo Electron
Peter G. Pantazelos: Executive Vice President,
Corporate Development,
Thermo Electron
Arvin H. Smith: Executive Vice President,
Thermo Electron
William A. Rainville: Senior Vice President,
Thermo Electron
John W. Wood, Jr.: Senior Vice President,
Thermo Electron
Earl R. Lewis: Senior Vice President,
Thermo Electron
Anne Pol: Senior Vice President,
Thermo Electron
Paul F. Kelleher: Senior Vice President, Finance
& Administration and Chief
Accounting Officer,
Thermo Electron
