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<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _____)*
ACMAT CORPORATION
- - --------------------------------------------------------------------------------
(Name of Issuer)
CLASS A COMMON STOCK, NO PAR VALUE
- - --------------------------------------------------------------------------------
(Title of Class of Securities)
004616 20 7
- - --------------------------------------------------------------------------------
(CUSIP Number)
Kathleen E. Shannon
Vice President and Secretary
American International Group, Inc.
70 Pine Street
New York, New York 10270
(212) 770-5123
- - --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 30, 1996
- - --------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If a 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 [ X ].
Check the following box if a fee is being paid with this statement [ ]. (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; and (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-1(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 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 32 pages
<PAGE> 2
- - --------------------
CUSIP NO. 00416 20 7
- - --------------------
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
American International Group, Inc.
I.R.S. Identification No. 13-2592361
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Incorporated under the laws of the State of Delaware
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 549,996
EACH --------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------------------------
10. SHARED DISPOSITIVE POWER
549,996
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
549,996
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.3%
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
HC, CO
- - --------------------------------------------------------------------------------
Page 2 of 32 pages
<PAGE> 3
- - --------------------
CUSIP NO. 00416 20 7
- - --------------------
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
American International Life Assurance Company of New York
I.R.S. Identification No. 13-6101875
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Incorporated under the laws of the State of New York
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 366,666
EACH --------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------------------------
10. SHARED DISPOSITIVE POWER
366,666
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
366,666
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.2%
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IC
- - --------------------------------------------------------------------------------
Page 3 of 32 pages
<PAGE> 4
- - --------------------
CUSIP NO. 00416 20 7
- - --------------------
- - -------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AIG Life Insurance Company
I.R.S. Identification No. 25-1118523
- - -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- - -------------------------------------------------------------------------------
3. SEC USE ONLY
- - -------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- - -------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- - -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Incorporated under the laws of the State of Pennsylvania
- - -------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 183,330
EACH -------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH -------------------------------------------
10. SHARED DISPOSITIVE POWER
183,330
- - -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
183,330
- - -------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- - -------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.1%
- - -------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IC
- - -------------------------------------------------------------------------------
Page 4 of 32 pages
<PAGE> 5
Item 1. Security and Issuer.
This statement relates to the Class A Common Stock, no par value of
(the "Class A Common Stock"), of ACMAT Corporation (the "Company"). The
principal executive offices of the Company are located at 233 Main Street, New
Britain, Connecticut 06050-2350.
Item 2. Identity and Background.
(a) through (c). This statement is being filed by American
International Group, Inc., a Delaware corporation ("AIG"), on behalf of AIG,
American International Life Assurance Company of New York, a New York
corporation ("AILife"), and AIG Life Insurance Company, a Pennsylvania
corporation ("AIG Life"). AIG is a holding company which, through its
subsidiaries, is primarily engaged in a broad range of insurance and
insurance-related activities in the United States and abroad. AIG, through its
subsidiaries, also conducts financial services activities and agency and fee
operations. AILife and AIG Life utilize multiple distribution channels
including brokerage and career and general agents to offer primarily financial
and investment products and speciality forms of accident and health coverage
insurance for individuals and groups, including employee benefit plans.
Starr International Company, Inc., a private holding company
incorporated in Panama ("SICO"), The Starr Foundation, a New York
not-for-profit corporation ("The Starr Foundation"), and C.V. Starr & Co.,
Inc., a Delaware corporation ("Starr"), have the right to vote approximately
16.0%, 3.5% and 2.4%, respectively, of the outstanding common stock of AIG.
The principal executive offices of SICO are located at 29 Richmond Road,
Pembroke, Bermuda. The principal executive offices of The Starr Foundation and
Starr are located at 70 Pine Street, New York, New York 10270. The names of
the directors and executive officers ("Covered Persons") of AIG, AILife, AIG
Life, SICO, The Starr Foundation and Starr, their business addresses and
principal occupations are set forth in Exhibit 1 attached hereto, which is
incorporated herein by reference in its entirety. The business address
indicated for each Covered Person is also the address of the principal employer
for such Covered Person. Each of the Covered Persons is a citizen of the
United States, except for Messrs. Johnson, Manton, Milton, Sullivan, Edmund Tse
and Walsh, who are British subjects, Messrs. Anderson and Cohen, who are
Canadian subjects, Mr. Da Silva, who is a Brazilian citizen, and Mr. Sorensen,
who is a citizen of Uruguay.
(d) and (e). During the last five years, none of AIG, AILife,
AIG Life, SICO, The Starr Foundation or Starr, or any of the Covered Persons,
has (i) been convicted in a criminal
Page 5 of 32 pages
<PAGE> 6
proceeding (excluding traffic violations or similar misdemeanors) or (ii) been
a party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, Federal or State securities laws or finding
any violations with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
Pursuant to a Note Purchase Agreement, dated July 18, 1989
(the "Note Purchase Agreement"), the Company issued $15,000,000 in aggregate
principal amount of 10.5% Convertible Senior Notes due June 30, 1999 (the
"Notes") to AILife and AIG Life. The Notes are convertible, at any time prior
to their payment date, into shares of Class A Common Stock at a conversion
rate of $10 per share (the "Conversion Rate"). The Company is obligated to
prepay quarterly $500,000 in aggregate principal amount of all the Notes
outstanding. Quarterly principal repayments commenced on June 30, 1993. Since
June 30, 1993, AILife and AIG Life have elected to receive the scheduled
quarterly prepayments of principal in the form of Class A Common Stock. In
addition, commencing on June 30, 1995 and on each June 30 thereafter, the
Company is required under the Note Purchase Agreement to prepay an aggregate
principal amount of all the Notes outstanding equal to the lesser of (x) the
aggregate principal amount of the Notes then outstanding or (y) an amount equal
to fifty percent (50%) of the Free Cash Flow (as defined in the Note Purchase
Agreement) of the Company and its subsidiaries for the immediately preceding
fiscal year. AILife and AIG Life elected to receive the prepayment of the
principal amount of the Notes attributable to Free Cash Flow for the Company's
1995 fiscal year in shares of Class A Common Stock at the Conversion Rate.
There was no Free Cash Flow for the 1994 fiscal year.
Item 4. Purpose of Transaction.
The purpose of the acquisition of the Class A Common Stock, as
described in Item 3 and Item 5 below, was investment. AIG, AILife and AIG Life
will continue to review their respective investments in the Company and,
dependent upon their evaluation of market conditions, applicable regulatory
requirements, and the Company's business prospects and future developments, may
from time to time, determine to increase, decrease or dispose of their equity
positions in the Company. Such transactions, if any, may be made through the
exercise of conversion rights, purchases or sales in the open market or
otherwise.
Page 6 of 32 pages
<PAGE> 7
Item 5. Interest in Securities of Issuer.
(a) and (b). The information required by these paragraphs is set
forth in Items 7 through 11 and Item 13 of each of the cover pages to this
Schedule 13D and is based upon the number of shares of Class A Common Stock
outstanding on June 30, 1996 as provided to AI Life and AIG Life by the
Company.
(c). During the past 60 days, (i) AILife acquired 33,334
shares of Class A Common Stock and AIG Life acquired 16,666 shares of Class A
Common Stock as a result of an election to receive their respective pro rata
portions of the Company's regularly scheduled quarterly prepayment of the
principal amount of the Notes in the form of Class A Common Stock at the
Conversion Rate and (ii) AILife acquired 200,000 shares of Class A Common Stock
and AIG Life acquired 100,000 shares of Class A Common Stock as a result of an
election to receive their respective pro rata portions of the Company's
prepayment of the principal amount of the Notes attributable to Free Cash Flow
for the Company's 1995 fiscal year in the form of Class A Common Stock at the
Conversion Rate.
(d) and (e). Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
The information required by this Item 6 is set forth in Items 3 and 4.
Item 7. Materials to be Filed as Exhibits.
(a) List of Directors and Executive Officers of AIG,
AILife, AIG Life, SICO, The Starr Foundation and
Starr.
(b) Agreement of Joint Filing.
(c) Note Purchase Agreement (incorporated by reference,
See Exhibit Index).
Page 7 of 32 pages
<PAGE> 8
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.
Date: August 8, 1996
AMERICAN INTERNATIONAL GROUP, INC.
By /s/ Kathleen E. Shannon
--------------------------------------
Name: Kathleen E. Shannon
Title: Vice President and
Secretary
AMERICAN INTERNATIONAL LIFE ASSURANCE
COMPANY OF NEW YORK
By /s/ Kevin P. Fitzpatrick
---------------------------
Name: Kevin P. Fitzpatrick
Title: Vice President
AIG LIFE INSURANCE COMPANY
By /s/ Kevin P. Fitzpatrick
---------------------------
Name: Kevin P. Fitzpatrick
Title: Vice President
Page 8 of 32 pages
<PAGE> 9
EXHIBIT INDEX
<TABLE>
<CAPTION>
Page
----
<S> <C> <C>
Exhibit 1 List of Directors and Executive
Officers of AIG, AILife, AIG Life,
SICO, The Starr Foundation and
Starr. 10
Exhibit 2 Agreement of Joint Filing 31
Exhibit 3 Note Purchase Agreement Incorporated by reference
to the Exhibits to the
Company's Quarterly Report
on Form 10-Q for the
period ended June 30, 1989
(File No. 0-6234).
</TABLE>
Page 9 of 32 pages
<PAGE> 1
EXHIBIT 1
AMERICAN INTERNATIONAL GROUP, INC.
DIRECTORS
<TABLE>
<S> <C>
M. Bernard Aidinoff Sullivan & Cromwell
125 Broad Street
New York, New York 10004
Lloyd M. Bentsen 2600 Texas Commerce Tower
600 Travis Street
Suite 2600
Houston, Texas 77002
Marshall A. Cohen The Molson Companies Limited
40 King Street West
Toronto, Ontario M5H 3Z5
Barber B. Conable, Jr. P.O. Box 218
Alexander, New York 14005
Martin Feldstein National Bureau of Economic
Research, Inc.
1050 Massachusetts Avenue
Cambridge, Massachusetts 02138
Leslie L. Gonda International Lease Finance
Corporation
1999 Avenue of the Stars
Los Angeles, California 90067
Evan G. Greenberg American International Group, Inc.
70 Pine Street
New York, New York 10270
M. R. Greenberg American International Group, Inc.
70 Pine Street
New York, New York 10270
Carla A. Hills Hills & Company
1200 19th Street, N.W. - 5th Fl.
Washington, DC 20036
Frank Hoenemeyer 7 Harwood Drive
Madison, New Jersey 07940
</TABLE>
Page 10 of 32 pages
<PAGE> 2
<TABLE>
<S> <C>
Edward E. Matthews American International Group, Inc.
70 Pine Street
New York, New York 10270
Dean P. Phypers 220 Rosebrook Road
New Canaan, Connecticut 06840
John J. Roberts American International Group, Inc.
70 Pine Street
New York, New York 10270
Thomas R. Tizzio American International Group, Inc.
70 Pine Street
New York, New York 10270
Edmund S. W. Tse American International Assurance Co., Ltd.
1 Stubbs Road
Hong Kong
</TABLE>
Page 11 of 32 pages
<PAGE> 3
AMERICAN INTERNATIONAL GROUP, INC.
OFFICERS' NAME, TITLE AND BUSINESS ADDRESS
<TABLE>
<S> <C>
M.R. Greenberg Chairman & Chief Executive Officer
70 Pine Street
New York, New York 10270
Thomas R. Tizzio President
70 Pine Street
New York, New York 10270
Edward E. Matthews Vice Chairman - Finance
70 Pine Street
New York, New York 10270
John J. Roberts Vice Chairman - External Affairs
70 Pine Street
New York, New York 10270
Edwin A.G. Manton Senior Advisor
70 Pine Street
New York, New York 12070
Ernest E. Stempel Senior Advisor
70 Pine Street
New York, New York 10270
Evan G. Greenberg Executive Vice President -
70 Pine Street Foreign General Insurance
New York, New York 10270
Robert B. Sandler Executive Vice President & Senior
70 Pine Street Casualty Actuary & Senior Claims
New York, New York 10270 Officer
Howard I. Smith Executive Vice President &
70 Pine Street Comptroller
New York, New York 10270
William D. Smith Executive Vice President - Domestic
70 Pine Street General Insurance
New York, New York 10270
</TABLE>
Page 12 of 32 pages
<PAGE> 4
<TABLE>
<S> <C>
Edmund S.W. Tse Executive Vice President -
American International Life Insurance
Assurance Co., Ltd.
1 Stubbs Road
Hong Kong
Ronald J. Anderson Senior Vice President -
AIU KK Foreign General Insurance
CPO Box 953
Tokyo, 100-91
Lawrence W. English Senior Vice President -
70 Pine Street Administration
New York, New York 10270
Axel Freudmann Senior Vice President - Human
72 Wall Street Resources
New York, New York 10270
John G. Hughes Senior Vice President -
70 Pine Street Worldwide Claims
New York, New York 10270
L. Oakley Johnson Senior Vice President -
1455 Pennsylvania Ave. Corporate Affairs
Suite 900
Washington, DC 20004
Kevin H. Kelley Senior Vice President -
Lexington Insurance Company Domestic General Insurance
200 State Street
Boston, MA 02109
Win J. Neuger Senior Vice President & Chief
70 Pine Street Investment Officer
New York, New York 10270
R. Kendall Nottingham Senior Vice President - Life
American Life Insurance Company Insurance
1 ALICO Plaza
Wilmington, DE 19899
</TABLE>
Page 13 of 32 pages
<PAGE> 5
<TABLE>
<S> <C>
Robert J. O'Connell Senior Vice President - Life
70 Pine Street Insurance
New York, New York 10270
Petros K. Sabatacakis Senior Vice President -
70 Pine Street Financial Services
New York, New York 10270
B. Michael Schlenke Senior Vice President -
70 Pine Street Domestic General Insurance
New York, New York 10270
Martin J. Sullivan Senior Vice President -
70 Pine Street Foreign General Insurance
New York, New York 10270
Stephen Y.N. Tse Senior Vice President
70 Pine Street
New York, New York 10270
Edward Cloonan Vice President - Corporate
70 Pine Street Affairs
New York, New York 10270
Hamilton C. Da Silva Vice President - Foreign
70 Pine Street General Insurance
New York, New York 10270
Florence A. Davis Vice President & General
70 Pine Street Counsel
New York, New York 10270
William N. Dooley Vice President & Treasurer
70 Pine Street
New York, New York 10270
William A. Freda Vice President - Foreign
70 Pine Street General Claims
New York, New York 10270
</TABLE>
Page 14 of 32 pages
<PAGE> 6
<TABLE>
<S> <C>
David M. Hupp Vice President - Domestic
70 Pine Street General Insurance
New York, New York 10270
Thomas G. Kaiser Vice President - Foreign
70 Pine Street General Insurance
New York, New York 10270
Jeffrey M. Kestenbaum Vice President - Foreign
70 Pine Street General Insurance
New York, New York 10270
Robert E. Lewis Vice President & Chief Credit
70 Pine Street Officer
New York, New York 10270
Stanton F. Long Vice President, Domestic
70 Pine Street General Claims
New York, New York 10270
Richard Merski Vice President - Corporate
1455 Pennsylvania Avenue Affairs
Suite 900
Washington, DC 20004
Christian M. Milton Vice President - Reinsurance
99 John Street
New York, New York 10038
Nicholas A. O'Kulich Vice President - Life
70 Pine Street Insurance
New York, New York 10270
Douglas A. Paul Vice President - Strategic
70 Pine Street Planning
New York, New York 10270
Frank Petralito II Vice President & Director of
70 Pine Street Taxes
New York, New York 10270
</TABLE>
Page 15 of 32 pages
<PAGE> 7
<TABLE>
<S> <C>
Kathleen E. Shannon Vice President, Secretary &
70 Pine Street Associate General Counsel
New York, New York 10270
Joseph C. Smetana, Jr. Vice President - Foreign General
70 Pine Street Insurance
New York, New York 10270
Joseph Umansky Vice President & Deputy
70 Pine Street Comptroller
New York, New York 10270
William Vinck Vice President & Chief
70 Pine Street Information Officer
New York, New York 10270
Nicholas C. Walsh Vice President - Foreign General
AIG Europe (U.K.) Limited Insurance
120 Fenchurch Street
London, England EC3M 5BP
John T. Wooster, Jr. Vice President - Communications
72 Wall Street
New York, New York 10270
</TABLE>
Page 16 of 32 pages
<PAGE> 8
STARR INTERNATIONAL COMPANY, INC.
OFFICERS & DIRECTORS
<TABLE>
<S> <C>
Houghton Freeman 70 Pine Street
Director New York, New York 10270
Evan G. Greenberg 70 Pine Street
Director New York, New York 10270
Maurice R. Greenberg 70 Pine Street
Director & Chairman of New York, New York 10270
the Board
Joseph C.H. Johnson American International Building
Executive Vice President Richmond Road
& Treasurer Pembroke 543 Bermuda
Edwin A.G. Manton 70 Pine Street
Director New York, New York 10270
Edward E. Matthews 70 Pine Street
Director New York, New York 10270
L. Michael Murphy American International Building
Director & Secretary Richmond Road
Pembroke 543 Bermuda
John J. Roberts 70 Pine Street
Director New York, New York 12070
Robert M. Sandler 70 Pine Street
Director New York, New York 10270
Ernest E. Stempel 70 Pine Street
Director & President New York, New York 10270
Thomas R. Tizzio 70 Pine Street
Director New York, New York 10270
Edmund S.W. Tse 1 Stubbs Road
Director Hong Kong
</TABLE>
Page 17 of 32 pages
<PAGE> 9
THE STARR FOUNDATION
OFFICERS & DIRECTORS
<TABLE>
<S> <C>
M.R. Greenberg 70 Pine Street
Director and Chairman New York, New York 10270
T.C. Hsu 70 Pine Street
Director and President New York, New York 10270
Marion Breen 70 Pine Street
Director and Vice President New York, New York 10270
John J. Roberts 70 Pine Street
Director New York, New York 10270
Ernest E. Stempel 70 Pine Street
Director New York, New York 10270
Houghton Freeman 70 Pine Street
Director New York, New York 10270
Edwin A.G. Manton 70 Pine Street
Director New York, New York 10270
Gladys Thomas 70 Pine Street
Vice President New York, New York 10270
Frank Tengi 70 Pine Street
Treasurer New York, New York 10270
Ida Galler 70 Pine Street
Secretary New York, New York 10270
</TABLE>
Page 18 of 32 pages
<PAGE> 10
C.V. STARR & CO., INC.
OFFICERS & DIRECTORS
<TABLE>
<S> <C>
Houghton Freeman 70 Pine Street
Director & Senior Vice New York, New York 10270
President
Maurice R. Greenberg 70 Pine Street
Director, President & New York, New York 10270
Chief Executive Officer
Edwin A.G. Manton 70 Pine Street
Director New York, New York 10270
Edward E. Matthews 70 Pine Street
Director, Senior Vice New York, New York 10270
President & Secretary
John J. Roberts 70 Pine Street
Director & Senior Vice New York, New York 10270
President
Robert M. Sandler 70 Pine Street
Director & Vice President New York, New York 10270
Howard I. Smith 70 Pine Street
Director & Vice President New York, New York 10270
Ernest E. Stempel 70 Pine Street
Director & Senior Vice New York, New York 10270
President
Thomas R. Tizzio 70 Pine Street
Director & Vice President New York, New York 10270
Edmund S.W. Tse 1 Stubbs Road
Director and Vice President Hong Kong
Stephen Y.N. Tse 70 Pine Street
Director & Vice President New York, New York 10270
Gary Nitzsche 70 Pine Street
Treasurer New York, New York 10270
</TABLE>
Page 19 of 32 pages
<PAGE> 11
AMERICAN INTERNATIONAL LIFE ASSURANCE COMPANY OF NEW YORK
DIRECTORS
<TABLE>
<S> <C>
Peter J. Dalia 20281 E. Country Club Drive
Apt. 2212
No. Miami Beach, Florida 33180
Marion Elizabeth Fajen 5608 North Waterbury Road
Des Moines, Iowa 50312
Patrick Joseph Foley 70 Pine Street
New York, New York 10270
Cecil Calvert Gamwell III 80 Pine Street
13th Floor
New York, New York 10270
Maurice Raymond Greenberg 70 Pine Street
18th floor
New York, New York 10270
Jacob Ernest Hansen 505 Carr Road
Wilmington, Delaware 19809
Jack Russell Harnes 70 Pine Street
New York, New York 10270
John Inniss Howell Indian Rock Corporation
263 Glenville Road
2nd Floor
Greenwich, CT 06831
Jeffrey M. Kestenbaum 80 Pine Street
13th floor
New York, New York 10038
Edwin Alfred Greenville Manton 70 Pine Street
New York, New York 10270
Jerome Thomas Muldowney One Chase Manhattan Plaza
57th floor
New York, New York 10005
Win Jay Neuger 70 Pine Street
New York, New York 10270
</TABLE>
Page 20 of 32 pages
<PAGE> 12
<TABLE>
<S> <C>
Robert John O'Connell 80 Pine Street
13th floor
New York, New York 10005
Nicholas Alexander O'Kulich 70 Pine Street
17th floor
New York, New York 10270
John R. Skar One ALICO Plaza
P.O. Box 667
Wilmington, Delaware 19899
Ernest Edward Stempel 70 Pine Street
New York, New York 10270
David James Walsh 70 Pine Street
22nd Floor
New York, New York 10270
Gerald W. Wyndorf 80 Pine Street
13th floor
New York, New York 10038
</TABLE>
Page 21 of 32 pages
<PAGE> 13
AMERICAN INTERNATIONAL LIFE ASSURANCE COMPANY OF NEW YORK
OFFICERS' NAME, TITLE AND BUSINESS ADDRESS
<TABLE>
<S> <C>
Ernest Edward Stempel Chairman of the Board
70 Pine Street
New York, New York 10270
Robert John O'Connell Chief Executive Officer, President
80 Pine Street
13th floor
New York, New York 10005
Gerald W. Wyndorf Executive Vice President
80 Pine Street
13th floor
New York, New York 10038
Michele Linda Abruzzo Senior Vice President
80 Pine Street
13th Floor
New York, New York
Gregory Alan Arms Senior Vice President
80 Pine Street
13th floor
New York, New York 10038
James Alan Bambrick Senior Vice President
One ALICO Plaza
P.O. Box 667
Wilmington, Delaware 19899
Raymond Tsun-Che Chen Senior Vice President
80 Pine Street
13th floor
New York, New York 10005
Henry Chung-Ta Hsiang Senior Vice President
80 Pine Street
13th floor
New York, New York 10038
Jeffrey M. Kestenbaum Senior Vice President
80 Pine Street
13th floor
New York, New York 10038
</TABLE>
Page 22 of 32 pages
<PAGE> 14
<TABLE>
<S> <C>
Edward Easton Matthews Senior Vice President
70 Pine Street
New York, New York 10270
Jerome Thomas Muldowney Senior Vice President
One Chase Manhattan Plaza
57th floor
New York, New York 10005
Norman Sorensen Senior Vice President
80 Pine Street, 13th Floor
New York, New York 10005
Paul Strattan Bell Vice President
One ALICO Plaza
P.O. Box 667
Wilmington, Delaware 19899
Richard Lewis Bender Vice President
600 King Street
Wilmington, Delaware 19801
Jeffrey Thomas Capone Vice President
80 Pine Street
13th floor
New York, New York 10038
Kevin Paul Fitzpatrick Vice President
One Chase Manhattan Plaza
57th floor
New York, New York 10005
Thomas Guitian Vice President
2005 Market Street
Philadelphia, PA 19103
Howard Earl Gunton, Jr. Vice President
One ALICO Plaza
Wilmington, DE 19801
</TABLE>
Page 23 of 32 pages
<PAGE> 15
<TABLE>
<S> <C>
Donald M. Hancock Vice President
80 Pine Street
13th Floor
New York, New York 10270
Thomas Martin Hoffman Vice President
80 Pine Street
New York, New York 10005
Robert Liguori Vice President, General Counsel
One ALICO Plaza
Wilmington, Delaware 19899
David Stephen Martin Vice President
One ALICO Plaza
P.O. Box 667
Wilmington, Delaware 19899
Michael J. Mullin Vice President
One ALICO Plaza
Wilmington, DE 19801
Nicholas Alexander O'Kulich Vice President, Treasurer
70 Pine Street
17th floor
New York, New York 10270
Arshad Hasan Qureshi Vice President
One ALICO Plaza
P.O. BOX 667
Wilmington, Delaware 19899
Sherman Allen Sitrin Vice President
70 Pine Street
23rd floor
New York, New York 10270
John R. Skar Vice President
One ALICO Plaza
P.O. Box 667
Wilmington, Delaware 19899
Donald E. Theleen Vice President
One ALICO Plaza
P.O. Box 667
Wilmington, Delaware 19899
</TABLE>
Page 24 of 32 pages
<PAGE> 16
<TABLE>
<S> <C>
David James Walsh Vice President
70 Pine Street
22nd Floor
New York, New York 10270
Francis Stanley Warnecki Vice President
One ALICO Plaza
P.O. Box 2226
Wilmington, Delaware 19899
Howard Earl Gunton, Jr. Comptroller
One ALICO Plaza
Wilmington, DE 19801
Elizabeth Margaret Tuck Secretary
70 Pine Street
30th floor
New York, New York 10270
</TABLE>
Page 25 of 32 pages
<PAGE> 17
AIG LIFE INSURANCE COMPANY
DIRECTORS
<TABLE>
<S> <C>
Maurice Raymond Greenberg 70 Pine Street
18th floor
New York, New York 10270
Edwin Alfred Greenville Manton 70 Pine Street
New York, New York 10270
Edward Easton Matthews 70 Pine Street
New York, New York 10270
Jerome Thomas Muldowney One Chase Manhattan Plaza
57th floor
New York, New York 10005
Win Jay Neuger 70 Pine Street
New York, New York 10270
Robert John O'Connell 80 Pine Street
13th floor
New York, New York 10005
Nicholas Alexander O'Kulich 70 Pine Street
17th floor
New York, New York 10270
John R. Skar One ALICO Plaza
P.O. Box 667
Wilmington, Delaware 19899
Howard Ian Smith 70 Pine Street
18th floor
New York, New York 10270
Ernest Edward Stempel 70 Pine Street
New York, New York 10270
Gerald W. Wyndorf 80 Pine Street
13th floor
New York, New York 10038
</TABLE>
Page 26 of 32 pages
<PAGE> 18
AIG LIFE INSURANCE COMPANY
OFFICERS' NAME, TITLE AND BUSINESS ADDRESS
<TABLE>
<S> <C>
Ernest Edward Stempel Chairman of the Board
70 Pine Street
New York, New York 10270
Robert John O'Connell Chief Executive Officer, President
80 Pine Street
13th floor
New York, New York 10005
Gerald W. Wyndorf Executive Vice President
80 Pine Street
13th floor
New York, New York 10038
Michele Linda Abruzzo Senior Vice President
80 Pine Street
13th Floor
New York, New York
Gregory Alan Arms Senior Vice President
80 Pine Street
13th floor
New York, New York 10038
James Alan Bambrick Senior Vice President
One ALICO Plaza
P.O. Box 667
Wilmington, Delaware 19899
Raymond Tsun-Che Chen Senior Vice President
80 Pine Street
13th floor
New York, New York 10005
Henry Chung-Ta Hsiang Senior Vice President
80 Pine Street
13th floor
New York, New York 10038
Jeffrey M. Kestenbaum Senior Vice President
80 Pine Street
13th floor
New York, New York 10038
</TABLE>
Page 27 of 32 pages
<PAGE> 19
<TABLE>
<S> <C>
Edward Easton Matthews Senior Vice President
70 Pine Street
New York, New York 10270
Jerome Thomas Muldowney Senior Vice President
One Chase Manhattan Plaza
57th floor
New York, New York 10005
Norman Sorensen Senior Vice President
80 Pine Street, 13th Floor
New York, New York 10005
Paul Strattan Bell Vice President
One ALICO Plaza
P.O. Box 667
Wilmington, Delaware 19899
Richard Lewis Bender Vice President
600 King Street
Wilmington, Delaware 19801
Jeffrey Thomas Capone Vice President
80 Pine Street
13th floor
New York, New York 10038
Kevin Paul Fitzpatrick Vice President
One Chase Manhattan Plaza
57th floor
New York, New York 10005
Thomas Guitian Vice President
2005 Market Street
Philadelphia, PA 19103
Howard Earl Gunton, Jr. Vice President, Comptroller
One ALICO Plaza
Wilmington, Delaware 19801
Donald M. Hancock Vice President
80 Pine Street
13th Floor
New York, New York 10270
</TABLE>
Page 28 of 32 pages
<PAGE> 20
<TABLE>
<S> <C>
Thomas Martin Hoffman Vice President
80 Pine Street
New York, New York 10005
Robert Liguori Vice President, General Counsel
One ALICO Plaza
Wilmington, Delaware 19899
David Stephen Martin Vice President
One ALICO Plaza
P.O. Box 667
Wilmington, Delaware 19899
Michael J. Mullin Vice President
One ALICO Plaza
Wilmington, Delaware 19801
Nicholas Alexander O'Kulich Vice President, Treasurer
70 Pine Street
17th floor
New York, New York 10270
Arshad Hasan Qureshi Vice President
One ALICO Plaza
P.O. BOX 667
Wilmington, Delaware 19899
Sherman Allen Sitrin Vice President
70 Pine Street
23rd floor
New York, New York 10270
John R. Skar Vice President
One ALICO Plaza
P.O. Box 667
Wilmington, Delaware 19899
Donald E. Theleen Vice President
One ALICO Plaza
P.O. Box 667
Wilmington, Delaware 19899
David James Walsh Vice President
70 Pine Street
22nd Floor
New York, New York 10270
</TABLE>
Page 29 of 32 pages
<PAGE> 21
<TABLE>
<S> <C>
Francis Stanley Warnecki Vice President
One ALICO Plaza
P.O. Box 2226
Wilmington, Delaware 19899
Elizabeth Margaret Tuck Secretary
70 Pine Street
30th floor
New York, New York 10270
</TABLE>
Page 30 of 32 pages
<PAGE> 1
EXHIBIT 2
AGREEMENT OF JOINT FILING
In accordance with Rule 13d-1(f), promulgated under the Securities
Exchange Act of 1934, as amended, each of the undersigned hereby agrees to the
joint filing on behalf of each of them of a Statement on Schedule 13D, and any
amendments thereto, with respect to the Class A Common Stock, no par value, of
ACMAT Corporation and that this Agreement may be included as an Exhibit to such
filing.
Each of the undersigned parties represents and warrants to the other
that the information contained in any amendment thereto about it will be, true,
correct and complete in all material respects and in accordance with all
applicable laws. Each of the undersigned parties agrees to inform the other of
any changes in such information or of any additional information which would
require any amendment to the Schedule 13D and to promptly file such amendment.
Each of the undersigned parties agrees to indemnify the other for any
losses, claims, liabilities or expenses (including reasonable legal fees and
expenses) resulting from, or arising in connection with, the breach by such
party of any of representations, warranties or agreements in this Agreement.
This Agreement may be executed in any number of counterparts, each of
which shall be deemed to be an original and all of which together shall be
deemed to constitute one and the same Agreement.
IN WITNESS WHEREOF, each of the undersigned hereby executes this
Agreement as of August 8, 1996.
AMERICAN INTERNATIONAL GROUP, INC.
By/s/ Kathleen E. Shannon
--------------------------
Name: Kathleen E. Shannon
Title: Vice President and
Secretary
Page 31 of 32 pages
<PAGE> 2
AMERICAN INTERNATIONAL LIFE
ASSURANCE COMPANY OF NEW YORK
By /s/ Kevin P. Fitzpatrick
---------------------------
Name: Kevin P. Fitzpatrick
Title: Vice President
AIG LIFE INSURANCE COMPANY
By /s/ Kevin P. Fitzpatrick
---------------------------
Name: Kevin P. Fitzpatrick
Title: Vice President
Page 32 of 32 pages
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