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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Amendment No. 1
Under the Securities Exchange Act of 1934
AMCAST INDUSTRIAL CORPORATION
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(Name of Issuer)
Common Stock, no par value per share
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(Title of Class of Securities)
023395106
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(CUSIP Number)
Rick Miller or Eliot W. Robinson
Powell, Goldstein, Frazer & Murphy LLP
191 Peachtree Street, 16th Floor
Atlanta, Georgia 30303
Tel: (404) 572-6600
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 15, 2000
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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(e), (f) or (g), check the following box [ ].
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).
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<TABLE>
<CAPTION>
SCHEDULE 13D
<S> <C>
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CUSIP No. 023395106 Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sligo Partners, LLC
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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 Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 625,200
OWNED BY
EACH REPORTING
PERSON WITH
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8 SHARED VOTING POWER
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9 SOLE DISPOSITIVE POWER
625,200
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10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
625,200
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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)
7.44%
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14 TYPE OF REPORTING PERSON OO
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</TABLE>
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<TABLE>
<CAPTION>
SCHEDULE 13D
<S> <C>
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CUSIP No. 023395106 Page 3 of 7 Pages
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1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
E. William Aylward
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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 PF
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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 United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 625,200
OWNED BY
EACH REPORTING
PERSON WITH
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8 SHARED VOTING POWER
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9 SOLE DISPOSITIVE POWER
625,200
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10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
625,200
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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)
7.44%
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14 TYPE OF REPORTING PERSON IN
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</TABLE>
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SCHEDULE 13D
CUSIP No. 023395106 Page 4 of 7 Pages
This Amendment No. 1 to Schedule 13d ("Amendment No. 1") amends and
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supplements the Schedule 13D filed on November 13, 2000 (the "Schedule") by
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Sligo Partners, LLC ("Sligo Partners" or the "Stockholder") and E. William
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Aylward (the "Manager" and collectively with the Stockholder, the "Reporting
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Persons") with respect to the Common Stock, no par value (the "Stock"), of
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Amcast Industrial Corporation (the "Company"). All capitalized terms used in
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this Amendment No. 1 and not otherwise defined herein have the meanings ascribed
to such terms in the Schedule.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is amended and restated in its entirety to read as follows:
The aggregate amount of funds required by the Stockholder to purchase the
625,200 shares of the Stock owned by it was $6,953,730.57, excluding any
brokerage commissions.
Item 4. Purpose of Transaction.
Item 4 is amended and restated in its entirety to read as follows:
The Stockholder purchased shares of the Stock to establish an initial
investment position in the Company because it determined that the Stock may
present significant opportunities for realization of value. Based upon general
market and economic conditions affecting the Company and the Stock and its view
of the prospects for the Company, the Stockholder has purchased and additional
107,000 shares (1.28%) since filing its initial 13D on November 13, 2000. Based
on those same general and market conditions the Stockholder may purchase
additional shares of the Stock or sell shares of the Stock from time to time in
open market and/or private transactions that may or may not result in obtaining
a control position in the Company.
On November 15, 2000, representatives of Sligo Partners met with
representatives of the Company to discuss the Company's preliminary fiscal 2000
financial results as set forth in its October 26, 2000 press release as well as
the Company's ability to take advantage of both present and future opportunities
based on
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SCHEDULE 13D
CUSIP No. 023395106 Page 5 of 7 Pages
the Company's disclosure that it had hired Lehman Brothers, Inc. to assist the
Company in exploring strategic alternatives to maximize shareholder value.
Except as set forth herein, the Reporting Persons have no present plans or
proposals which relate to or would result in any of the actions or events
enumerated in clauses (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
Item 5 is amended and restated in its entirety to read as follows:
(a) The aggregate number and percentage of shares of Stock beneficially
owned by the Stockholder is 625,200 (7.44%) (based on information
included in the Definitive Proxy Statement filed by the Company on
November 14, 2000 reporting that 8,405,604 shares of Stock were
outstanding as of October 23, 2000). Other than the Reporting
Persons, no other person owns any shares of the Stock owned by the
Stockholder or may be deemed to have beneficial ownership of the Stock
of the Stockholder pursuant to Rule 13d-3.
(b) The Stockholder has the sole power to vote or direct the vote and to
dispose or direct the disposition of the shares of the Stock
beneficially owned by it.
(c) Except as set forth on Schedule 2 hereto, no transactions in shares of
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the Stock were effected during the past 60 days by the Reporting
Persons.
(d) - (e) Not applicable.
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SCHEDULE 13D
CUSIP No. 023395106 Page 6 of 7 Pages
Item 7. Materials to be Filed as Exhibits.
Filed with Schedule 13D
Exhibit 99.1 Operating Agreement of Sligo Partners, LLC
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SCHEDULE 13D
CUSIP No. 023395106 Page 7 of 7 Pages
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: November 20, 2000
SLIGO PARTNERS, LLC
By: /s/ E. William Aylward
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Name: E. William Aylward
Its: Manager
/s/ E. William Aylward
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E. William Aylward
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SCHEDULE 2
Schedule 2 is amended and restated in its entirety to read as follows:
<TABLE>
<CAPTION>
Date Number of Shares Acquired Price/Share Total Cost
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<S> <C> <C> <C>
07/05/00 1,000 $ 8.67 $ 8,670
07/05/00 6,000 $ 8.67 $ 52,020
07/05/00 15,000 $ 8.67 $ 130,050
07/07/00 600 $ 8.92 $ 5,352
07/10/00 31,300 $ 9.66 $ 302,395.56
07/11/00 10,000 $ 9.86 $ 98,575
08/08/00 31,000 $10.75 $ 333,269.99
08/09/00 22,000 $11.12 $ 244,739
08/10/00 59,000 $11.48 $ 677,278.70
08/11/00 5,300 $11.55 $ 61,188.50
08/16/00 9,100 $11.55 $ 105,059.50
08/22/00 2,600 $11.55 $ 30,017
09/11/00 4,900 $11.55 $ 56,570.50
09/20/00 6,500 $10.22 $ 66,417.65
09/21/00 5,000 $ 9.80 $ 48,975
09/22/00 5,000 $ 9.17 $ 45,850
09/25/00 56,000 $ 9.32 $ 522,020.80
09/26/00 5,000 $ 9.17 $ 45,850
09/27/00 25,000 $ 9.13 $ 228,312.50
09/28/00 5,000 $ 9.17 $ 45,850
09/29/00 15,000 $ 9.34 $ 140,050.50
10/03/00 1,000 $ 9.42 $ 9,420
10/04/00 5,000 $ 9.40 $ 46,975
10/05/00 2,000 $ 9.39 $ 18,777.60
10/06/00 1,000 $ 9.42 $ 9,420
10/09/00 4,000 $ 9.42 $ 37,680
10/11/00 16,700 $ 9.32 $ 155,602.25
10/13/00 8,100 $ 8.92 $ 72,252
10/16/00 7,300 $ 9.02 $ 65,865.71
10/17/00 23,600 $ 9.02 $ 212,775.24
10/18/00 11,000 $ 8.89 $ 97,807.60
11/03/00 22,000 $10.66 $ 234,427.60
11/06/00 8,000 $10.90 $ 87,235,20
11/07/00 8,000 $11.28 $ 90,204
11/10/00 80,100 $13.33 $ 1,067,645
11/13/00 49,300 $14.01 $ 690,604.26
11/14/00 33,300 $13.96 $ 464,924.61
11/15/00 24,500 $14.02 $ 343,602.70
TOTAL 625,200 $6,953,730.57
</TABLE>
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EXHIBIT INDEX
Number Description
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Filed with Schedule 13D
Exhibit 99.1 Operating Agreement of Sligo Partners, LLC
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