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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
AXSYS TECHNOLOGIES, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
054615109
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(CUSIP Number)
December 31, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 ("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).
PAGE 1 OF 10 PAGES
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SCHEDULE 13G
CUSIP NO. 054615109 PAGE 2 OF 10 PAGES
<S> <C> <C>
- - ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
(Entities Only)
Axsys Technologies, Inc. 401(k) Retirement Plan
- - ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- - ------------------------------------------------------------------------------
3. SEC USE ONLY
- - ------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- - ------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER - 0 -
SHARES ------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 206,192
OWNED BY ------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER - 0 -
REPORTING ------------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER 206,192
- - ------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 206,192
- - ------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- - ------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0%
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12. TYPE OF REPORTING PERSON (See Instructions) EP
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</TABLE>
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<TABLE>
SCHEDULE 13G
CUSIP NO. 054615109 PAGE 3 OF 10 PAGES
<S> <C> <C>
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1. NAME OF REPORTING PERSON/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
(Entities Only)
David L. Concannon, as Co-Trustee under Axsys Technologies, Inc.
401(k) Retirement Plan
- - ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- - ------------------------------------------------------------------------------
3. SEC USE ONLY
- - ------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION United States
- - ------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER - 0 -
SHARES ------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 206,192
OWNED BY ------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER - 0 -
REPORTING ------------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER 206,192
- - ------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 206,192
- - ------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- - ------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0%
- - ------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON (See Instructions) EP
- - -------------------------------------------------------------------------------
</TABLE>
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<TABLE>
SCHEDULE 13G
CUSIP NO. 054615109 PAGE 4 OF 10 PAGES
<S> <C> <C>
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1. NAME OF REPORTING PERSON/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
(Entities Only)
Raymond F. Kunzmann, as Co-Trustee under Axsys Technologies, Inc.
401(k) Retirement Plan
- - ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- - ------------------------------------------------------------------------------
3. SEC USE ONLY
- - ------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION United States
- - ------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER - 0 -
SHARES ------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 206,192
OWNED BY ------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER - 0 -
REPORTING ------------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER 206,192
- - ------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 206,192
- - ------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- - ------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0%
- - ------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON (See Instructions) EP
- - -------------------------------------------------------------------------------
</TABLE>
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Item 1(a) Name of Issuer:
Axsys Technologies, Inc.
Item 1(b) Address of Issuer's Principal Office:
910 Sylvan Avenue, Suite 180
Englewood Cliffs, NJ 07632
Item 2(a) Name of Persons Filing:
(i) Axsys Technologies, Inc. 401(k) Retirement Plan
(the "Plan")
(ii) David L. Concannon, as Co-Trustee under Axsys
Technologies, Inc. 401(k) Retirement Plan
(iii) Raymond F. Kunzmann, as Co-Trustee under Axsys
Technologies, Inc. 401(k) Retirement Plan
Item 2(b) Address of Principal Business Office, or, if none, Residence:
910 Sylvan Avenue, Suite 180
Englewood Cliffs, NJ 07632
Item 2(c) Citizenship:
(i) Delaware
(ii) United States
(iii) United States
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e) CUSIP Number:
054615109
PAGE 5 OF 10 PAGES
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Item 3 If this Statement is filed pursuant to Rule 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15
of the Exchange Act;
(b) [ ] Bank as defined in Section 3(a)(6) of the
Exchange Act;
(c) [ ] Insurance company as defined in Section
3(a)(19) of the Exchange Act;
(d) [ ] Investment company registered under Section 8
of the Investment Company Act;
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [X] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or a control person
in accordance with Rule 13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section
3(b) of the Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the
definition of an investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [ ] Group, in accordance with Section
13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c),
check this box. [ ]
PAGE 6 OF 10 PAGES
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Item 4 Ownership:
(a) Amount Beneficially Owned as of December 31, 1998:
206,192 shares
(b) Percent of Class:
5.0%
(c) Number of shares as to which person has
(i) sole power to vote or to direct the vote:
-0-
(ii) shared power to vote or to direct the vote:
206,192
(iii) sole power to dispose or to direct the disposition
of:
-0-
(iv) shared power to dispose or to direct the disposition
of
206,192
Item 5 Ownership of Five Percent or Less of a Class
Not Applicable
Item 6 Ownership of More than Five Percent on Behalf of Another Person
Not Applicable
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
Not Applicable
Item 8 Identification and Classification of Members of the Group.
Not Applicable
PAGE 7 OF 10 PAGES
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Item 9 Notice of Dissolution of Group.
Not Applicable
Item 10 Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or influencing
the control of the issuer of such securities and were not
acquired in connection with or as a participant in any
transaction having such purposes or effect.
SIGNATURES
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.
Date: March 9, 1999 Axsys Technologies, Inc. 401(k) Retirement Plan
by: /s/ David L. Concannon
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David L. Concannon, as Co-Trustee under
Axsys Technologies, Inc. 401(k) Retirement Plan
by: /s/ Raymond F. Kunzmann
--------------------------------------
Raymond F. Kunzmann, as Co-Trustee under
Axsys Technologies, Inc. 401(k) Retirement Plan
/s/ David L. Concannon
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David L. Concannon, as Co-Trustee under
Axsys Technologies, Inc. 401(k) Retirement Plan
/s/ Raymond F. Kunzmann
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Raymond F. Kunzmann, as Co-Trustee under
Axsys Technologies, Inc. 401(k) Retirement Plan
PAGE 8 OF 10 PAGES
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EXHIBIT INDEX
Exhibit No. Description
1 Joint Filing Agreement
PAGE 9 OF 10 PAGES
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EXHIBIT 1
JOINT FILING AGREEMENT
The Axsys Technologies, Inc. 401(k) Retirement Plan(the "Plan"), David L.
Concannon, as Co-Trustee under Axsys Technologies, Inc. 401(k) Retirement Plan,
and Raymond F. Kunzmann, as Co-Trustee under Axsys Technologies, Inc. 401(k)
Retirement Plan (the "Filing Persons"), hereby agree to file jointly a Schedule
13G and any amendments thereto relating to the aggregate ownership by each of
the Filing Persons of any voting equity security of a class which is registered
pursuant to Section 12 of the Securities Exchange Act of 1934, as amended, as
required by Rule 13d-1 and Rule 13d-2 promulgated under the Securities Exchange
Act of 1934. Each of the Filing Persons agrees that the information set forth in
such Schedule 13G and any amendments thereto with respect to such Filing Person
will be true, complete and correct as of the date of such Schedule 13G or such
amendment, to the best of such Filing Person's knowledge and belief, after
reasonable inquiry. Each of the Filing Persons makes no representations as to
the accuracy or adequacy of the information set forth in the Schedule 13G or any
amendments thereto with respect to any other Filing Person. Each of the Filing
Persons shall promptly notify the other Filing Persons if any of the information
set forth in the Schedule 13G or any amendments thereto shall become inaccurate
in any material respect or if said person learns of information that would
require an amendment to the Schedule 13G.
IN WITNESS WHEREOF, the undersigned have set their hands this 8th day of
March, 1999.
by: /s/ David L. Concannon
--------------------------------------
David L. Concannon, as Co-Trustee under
Axsys Technologies, Inc. 401(k)
Retirement Plan
by: /s/ Raymond F. Kunzmann
--------------------------------------
Raymond F. Kunzmann, as Co-Trustee under
Axsys Technologies, Inc. 401(k)
Retirement Plan
/s/ David L. Concannon
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David L. Concannon, as Co-Trustee under
Axsys Technologies, Inc. 401(k)
Retirement Plan
/s/ Raymond F. Kunzmann
--------------------------------------
Raymond F. Kunzmann, as Co-Trustee under
Axsys Technologies, Inc. 401(k)
Retirement Plan
PAGE 10 OF 10 PAGES
