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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Information to be Included in Statements Filed Pursuant
to Rules 13d-1(b), (c), and (d) and Amendments Thereto Filed
Pursuant to 13d-2(b)
(Amendment No._____)*
AXSYS TECHNOLOGIES, INC.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of class of securities)
054615109
------------------------------
(CUSIP number)
May 5, 2000
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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:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
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CUSIP No. 054615109 13G Page 2 of 14 Pages
------------------- ------------------
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1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
J O Hambro Capital Management (Holdings) Limited
No I.R.S. Identification Number
- ------------------------------------------------------------------------------
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. CITIZENSHIP OR PLACE OF ORGANIZATION
England
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5. SOLE VOTING POWER
0
NUMBER OF
SHARES -----------------------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY 219,900
OWNED BY
-----------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
0
REPORTING
PERSON -----------------------------------------------------------
8. SHARED DISPOSITIVE POWER
WITH 219,900
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
219,900
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.5%
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12. TYPE OF REPORTING PERSON*
HC, CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 054615109 13G Page 3 of 14 Pages
------------------- ------------------
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1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
J O Hambro Capital Management Limited
No I.R.S. Identification Number
- ------------------------------------------------------------------------------
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. CITIZENSHIP OR PLACE OF ORGANIZATION
England
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5. SOLE VOTING POWER
0
NUMBER OF
SHARES -----------------------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY 219,900
OWNED BY
-----------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
0
REPORTING
PERSON -----------------------------------------------------------
8. SHARED DISPOSITIVE POWER
WITH 219,900
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
219,900
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.5%
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12. TYPE OF REPORTING PERSON*
IA, CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 054615109 13G Page 4 of 14 Pages
------------------- ------------------
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1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
American Opportunity Trust plc
No I.R.S. Identification Number
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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. CITIZENSHIP OR PLACE OF ORGANIZATION
England
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5. SOLE VOTING POWER
0
NUMBER OF
SHARES -----------------------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY 100,000
OWNED BY
-----------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
0
REPORTING
PERSON -----------------------------------------------------------
8. SHARED DISPOSITIVE POWER
WITH 100,000
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,000
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.5%
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12. TYPE OF REPORTING PERSON*
IV, CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 054615109 13G Page 5 of 14 Pages
------------------- ------------------
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1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Christopher Harwood Bernard Mills
No I.R.S. Identification Number
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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. CITIZENSHIP OR PLACE OF ORGANIZATION
England
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5. SOLE VOTING POWER
0
NUMBER OF
SHARES -----------------------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY 219,900
OWNED BY
-----------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
0
REPORTING
PERSON -----------------------------------------------------------
8. SHARED DISPOSITIVE POWER
WITH 219,900
- ------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
219,900
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.5%
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12. TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 054615109 13G Page 6 of 14 Pages
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1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Trident North Atlantic Fund
No I.R.S. Identification Number
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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. CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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5. SOLE VOTING POWER
0
NUMBER OF
SHARES -----------------------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY 40,000
OWNED BY
-----------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
0
REPORTING
PERSON -----------------------------------------------------------
8. SHARED DISPOSITIVE POWER
WITH 40,000
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,000
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.0%
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12. TYPE OF REPORTING PERSON*
IV, CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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STATEMENT ON SCHEDULE 13G
-------------------------
Item 1(a). Name of Issuer:
--------------
Axsys Technologies, Inc. (the "Company").
Item 1(b). Address of Issuer's Principal Executive Offices:
-----------------------------------------------
910 Sylvan Avenue, Englewood Cliffs, New Jersey 07632.
Item 2(a). Name of Person Filing:
---------------------
This Statement is filed on behalf of the following five persons, who are
collectively referred to as the "Filing Parties":
1. J O Hambro Capital Management (Holdings) Limited ("Holdings") is a
corporation organized under the laws of England with its principal office
and business at 10 Park Place, London SW1A 1LP England. Holdings functions
as the ultimate holding company for J O Hambro Capital Management.
2. J O Hambro Capital Management Limited ("J O Hambro Capital Management"),
formerly named J O Hambro & Partners Limited, is a corporation organized
under the laws of England with its principal office and business at 10 Park
Place, London SW1A 1LP England. J O Hambro Capital Management is
principally engaged in the business of investment management and advising.
It serves as co-investment adviser to NASCIT and American Opportunity Trust
and as investment adviser to Oryx and investment manager to certain private
clients.
3. Christopher Harwood Bernard Mills is a British citizen whose business
address is 10 Park Place, London SW1A 1LP England. His principal employment
includes service as executive director of NASCIT, as a director of J O
Hambro Capital Management and Oryx, and as co-investment adviser to NASCIT
and American Opportunity Trust.
4. American Opportunity Trust plc ("American Opportunity Trust"), formerly
named Leveraged Opportunity Trust plc, is a corporation organized under the
laws of England with its principal office and business at 10 Park Place,
London SW1A 1LP England. American Opportunity Trust is a publicly-held
investment trust company. Christopher Harwood Bernard Mills and J O Hambro
Capital Management serve as co-investment advisers to American Opportunity
Trust.
5. The Trident North Atlantic Fund ("Trident North Atlantic") is an open-ended
investment Company incorporated in the Cayman Islands with its principal
office and business at P.O. Box 309 Ugland House, George Town, Grand
Cayman, Cayman Islands. Trident is a publicly-held regulated Mutual Fund.
Christopher Harwood Bernard Mills serves as a director of Trident and J O
Hambro Capital Management serves as an investment adviser to Trident.
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Item 2(b). Address of Principal Business Office or, if None, Residence:
-----------------------------------------------------------
The principal business address of the Filing Parties is c/o J O Hambro
Capital Management Limited, 10 Park Place, London SW1A 1LP England.
Item 2(c) Citizenship:
-----------
England
Item 2(d) Title of Class of Securities:
----------------------------
Common Stock, par value $.01 per share
Item 2(e) CUSIP Number:
------------
054615109
Item 3. If this statement is filed pursuant to 13d-1(b) or 13d-2(b), check
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whether the person filing is a:
------------------------------
Not Applicable
Item 4. Ownership:
---------
The aggregate number and percentage of the outstanding Common Stock of
the Company beneficially owned by each of the Fiing Parties as of May 8, 2000
are as follows:
<TABLE>
<CAPTION>
Number of Number of
Number of Shares: Shares:Sole
Aggregate Shares: Sole Shared or Shared
Filing Number of Power to Power to Power to Approximate
Party Shares: Vote Vote Dispose Percentage*
- ------------------------- ------------ --------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C>
Holdings 219,900 0 219,900 219,900 5.5%
J O Hambro Capital 219,900 0 219,900 219,900 5.5%
Management
Christopher H.B. Mills 219,900 0 219,900 219,900 5.5%
American Opportunity Trust 100,000 0 100,000 100,000 2.5%
Trident North Atlantic 40,000 0 40,000 40,000 1.0%
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* Based on 3,978,429 shares of Common Stock, par value $.01 per share, outstanding as of May 5,
2000, which is based on information reported in the Company's Quarterly Report on Form 10-Q for the period
ended March 31, 2000.
</TABLE>
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Item 5. Ownership of Five Percent or Less of a Class:
--------------------------------------------
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following: [_]
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
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As co-investment advisers to American Oppurtunity Trust, Christopher
Harwood Bernard Mills and J O Hambro Capital Management share the right to
transfer and vote the shares of Common Stock of the Company pursuant to an
agreement dated as of January 7, 1993 between American Opportunity Trust and J O
Hambro Capital Management.
As investment manager for certain of its private clients, J O Hambro
Capital Management has the right to transfer and vote the shares of Common Stock
of the Company pursuant to either agreements or arrangements entered into with
such private clients.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
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Security Being Reported on by the Parent Holding Company:
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Not Applicable.
Item 8. Identification and Classification of Members of the Group:
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See Item 2(a)
Item 9. Notice of Dissolution of a 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 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.
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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 statement is true, complete and
correct.
Dated: May 26, 2000 J O HAMBRO CAPITAL MANAGEMENT
By: /s/ R.G. Barrett
--------------------
Name: R.G. Barrett
Title: Director
Executed on behalf of the parties
hereto pursuant to the Joint
Filing Agreement previously
filed.
<PAGE>
EXHIBITS
The following documents are filed herewith:
(a) Joint Filing Agreement dated as of May 26, 2000 among Holdings, J O Hambro
Capital Management, American Opportunity Trust, Christopher Harwood
Bernard Mills and Trident North Atlantic.
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JOINT FILING AGREEMENT
<PAGE>
JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule 13G dated May 26,
2000 with respect to the shares of Common Stock, $0.01 par value, of Axsys
Technologies, Inc. and any further amendments thereto executed by each or any of
us shall be filed on behalf of each of us pursuant to and in accordance with the
provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as
amended.
This Agreement may be executed in separate counterparts, each of which shall be
deemed an original, but all of which shall constitute one and the same
instrument.
Date: May 26, 2000 J O HAMBRO CAPITAL MANAGEMENT LIMITED
By: /s/ R. G. Barrett
------------------------------
Name: R. G. Barrett
Title: Director
Date: May 26, 2000 J O HAMBRO & CAPITAL MANAGEMENT
(HOLDINGS) LIMITED
By: /s/ R. G. Barrett
-------------------------------
Name: R. G. Barrett
Title: Director
Date: May 26, 2000 AMERICAN OPPORTUNITY TRUST PLC
By: J O Hambro Capital Management Limited,
Its investment advisor
By: /s/ R. G. Barrett
-----------------------------------
Name: R. G. Barrett
Title: Director
Date: May 26, 2000 CHRISTOPHER H. B. MILLS
By: /s/ C. H. B. Mills
------------------------------------
<PAGE>
Date:
May 26, 2000 THE TRIDENT NORTH ATLANTIC FUND
By: J O Hambro Capital Management Limited,
Its investment advisor
By: /s/ R. G. Barrett
-----------------------------------
Name: R. G. Barrett
Title: Director
