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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
EA Industries, Inc.
(Name of Issuer)
Common Stock, No Par Value Per Share
(Title of Class of Securities)
26822P105
(CUSIP Number)
Steven A. Cohen, 777 Long Ridge Road, Stamford, Connecticut 06902, (203)
614-2000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
October 15, 1996
(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(b)(3) or (4), check the following
box [ ].
Check the following box if a fee is being paid with the 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).
SCHEDULE 13D
CUSIP No. 26822P105
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven A. Cohen
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(E) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
7 SOLE VOTING POWER
663,100
8 SHARED VOTING POWER
450,500
9 SOLE DISPOSITIVE POWER
663,100
10 SHARED DISPOSITIVE POWER
450,500
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,113,600
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.84%
14 TYPE OF REPORTING PERSON*
IN
SCHEDULE 13D
CUSIP No. 26822P105
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Advisors, LLC
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
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
7 SOLE VOTING POWER
None
8 SHARED VOTING POWER
450,500
9 SOLE DISPOSITIVE POWER
None
10 SHARED DISPOSITIVE POWER
450,500
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
450,500
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.36%
14 TYPE OF REPORTING PERSON*
OO
Item 1. Security and Issuer
The Schedule 13D, filed July 31, 1996, by Steven A. Cohen ("Cohen") and
S.A.C. Capital Advisors, LLC, a Delaware limited liability company
("SAC Advisors" and, together with Cohen, the "Reporting Persons"),
relating to the shares of common stock, no par value per share
(the "Shares") of EA Industries, Inc., a New Jersey corporation
(the "Company"), with its principal executive offices located at
185 Monmouth Parkway, West Long Branch, New Jersey
07764-9989, is hereby amended as set forth below.
Item 2. Identity and Background
No amendment.
Item 3. Source and Amount of Funds or Other Consideration
The aggregate amount of funds (including commissions) required by the
Reporting Persons to purchase the Shares owned beneficially by them
was as follows:
Steven A. Cohen $ 1,959,521
SAC Advisors $ 3,758,473
The Shares beneficially owned by SAC Advisors are directly owned by
S.A.C. Capital Associates, LLC, an Anguillan limited liability
company ("SAC Associates"). SAC Associates is not listed as a
Reporting Person on this Schedule 13D because all voting power and
investment power (as defined in Rule 13d-3) has been vested with
SAC Advisors pursuant to an Investment Management Agreement between
SAC Advisors and SAC Associates entered into as of January 2, 1996.
All funds used by SAC Advisors to purchase the Shares directly owned
by SAC Associates were derived from SAC Associates' working capital
and all funds used by Cohen to purchase the shares directly owned
by him were derived from personal funds. Such funds may include
margin debt incurred from time to time in the ordinary course of business
pursuant to customary margin agreements with Spear, Leeds & Kellogg.
Item 4. Purpose of Transaction
Item 4 is hereby amended by the addition of the following. The
Reporting Persons disposed of Shares in the amount and at the
prices indicated on Annex 1 hereto. Item 4 is not otherwise
amended.
Item 5. Interest in Securities of the Issuer
(a) The Reporting Persons beneficially own 1,113,600 Shares
representing 5.84% of the 19,080,510 Shares reported by the
Company as outstanding as of June 29, 1996.
(b) No amendment.
(c) Except as set forth in Annex 1 hereto, no transactions in Shares
were effected since July 30, 1996.
(d) No amendment.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
No amendment.
Item 7. Material to be Filed as Exhibits
No exhibits are required to be filed.
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: October 17, 1996
/s/ STEVEN A. COHEN
_______________________
Steven A. Cohen
S.A.C. CAPITAL ADVISORS, LLC
By: /s/ STEVEN A. COHEN
___________________
Steven A. Cohen, its Managing Member
ANNEX 1
Transactions by Reporting Person in Common Stock of
EA Industries, Inc., Inc. since
July 30, 1996
Number of Shares Average Price
Trade Date Bought/(Sold) (1) per Share (2)
- ------------- ----------------- -------------
Steven A. Cohen
July 31, 1996 30,000 3.250
July 31, 1996 40,000 3.125
August 8, 1996 10,000 3.250
August 16, 1996 50,000 3.500
SAC Advisors
September 27, 1996 5,800 2.875
September 30, 1996 30,100 2.875
October 11, 1996 (74,100) 1.9096
October 11, 1996 (2,300) 1.875
October 11, 1996 (46,900) 2.0015
October 11, 1996 (7,000) 1.875
October 11, 1996 (37,900) 1.8812
October 11, 1996 (10,000) 1.875
October 11, 1996 (8,000) 1.875
October 14, 1996 (35,000) 1.750
October 14, 1996 (77,900) 1.7516
October 15, 1996 (39,300) 1.675
October 15, 1996 (13,000) 1.675
October 16, 1996 (30,000) 1.75
October 16, 1996 (75,000) 1.75
(1) Unless otherwise indicated, all transactions were effected by the
Reporting Persons directly on the New York Stock Exchange, or through
broker-transactions on the New York Stock Exchange or otherwise.
(2) Prices exclude commission
