SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)(1)
ECC INTERNATIONAL CORP.
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(Name of issuer)
COMMON STOCK, $.10 PAR VALUE
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(Title of class of securities)
268255106
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(CUSIP number)
STEVEN WOLOSKY, ESQ.
OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
505 Park Avenue
New York, New York 10022
(212) 753-7200
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(Name, address and telephone number of person
authorized to receive notices and communications)
May 24, 1999
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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(b)(3) or (4), 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.
Page 1 of 5
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(1) 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 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>
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CUSIP No. 268255106 13D Page 2 of 5 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
STEEL PARTNERS II, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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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 ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
DELAWARE
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,105,000
OWNED BY
EACH ----------------------------------------------------------------
REPORTING
PERSON WITH
8 SHARED VOTING POWER
-0-
----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,105,000
----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,105,000
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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)
13.2%
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14 TYPE OF REPORTING PERSON*
PN
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<PAGE>
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CUSIP No. 268255106 13D Page 3 of 5 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
WARREN LICHTENSTEIN
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
USA
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,105,000
OWNED BY
EACH -----------------------------------------------------------------
REPORTING
PERSON WITH
8 SHARED VOTING POWER
- 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,105,000
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,105,000
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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)
13.2%
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14 TYPE OF REPORTING PERSON*
IN
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<PAGE>
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CUSIP No. 268255106 13D Page 4 of 5 Pages
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The following constitutes Amendment No. 4 the Schedule 13D filed by the
undersigned (the "Amendment No. 4"). This Amendment No. 4 amends the Schedule
13D as specifically set forth.
Item 4 is hereby supplemented by adding the following thereto:
Item 4. Purpose of Transaction.
The Reporting Persons purchased the shares of Common Stock
based on the Reporting Persons' belief that the shares at current market prices
were undervalued and represent an attractive investment opportunity. On October
9, 1998, the Reporting Persons entered into a Joint Filing Agreement, reflecting
their agreement to form a group and to seek to have one or more of its
representatives appointed to the Board of Directors of the Issuer. The Reporting
Persons have now decided that they no longer wish to seek to act as a group in
order to have representatives appointed to the Board of Directors of the Issuer,
nor do they presently contemplate any action that would otherwise require the
Reporting Persons to continue to be considered a group under applicable
securities laws. Therefore, the Reporting Persons have terminated the Joint
Filing Agreement. Each of the Reporting Persons reserves the right to take such
other actions in the future, or propose such other matters for consideration and
approval by the Issuer's stockholders or the Board of Directors as has been
previously set forth in the original Schedule 13D filing. In addition, Warren
Lichtenstein, the beneficial owner of all Shares of Common Stock of Steel
Partners, is in discussions with the Issuer relating to his potential
appointment to the Board of Directors of the Issuer, however, no agreement or
understanding has been reached with the Issuer concerning such appointment.
Items 5(a), (b) and (e) are hereby amended to read as follows:
Item 5. Interest in Securities of the Issuer.
(a) and (b) The aggregate percentage of Shares of Common Stock
reported owned by each person named herein is based upon 8,363,603 Shares
outstanding, which is the total number of Shares of Common Stock outstanding as
reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended
March 31, 1999.
As of the close of business on May 21, 1999, Steel Partners II
beneficially owns 1,105,000 Shares of Common Stock, constituting approximately
13.2% of the Shares outstanding. Mr. Lichtenstein beneficially owns 1,105,000
Shares, representing approximately 13.2% of the Shares outstanding. Mr.
Lichtenstein has sole voting and dispositive power with respect to the 1,105,000
Shares owned by Steel Partners II by virtue of his authority to vote and dispose
of such Shares. All of such Shares were acquired in open-market transactions.
(e) As a result of the termination of the Joint Filing
Agreement on May 24, 1999, Jack Howard and Kathryn Howard are no longer deemed
to be the beneficial owner of more than 5% of the Issuer.
<PAGE>
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CUSIP No. 268255106 13D Page 5 of 5 Pages
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SIGNATURES
After reasonable inquiry and to the best of his knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: May 24, 1999 STEEL PARTNERS II, L.P.
By: Steel Partners, L.L.C. General Partner
By: /s/ Warren G. Lichtenstein
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Warren G. Lichtenstein
Chief Executive Officer
/s/ Warren G. Lichtenstein
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WARREN G. LICHTENSTEIN
*
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JACK L. HOWARD
*
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KATHRYN HOWARD
/s/ Warren G. Lichtenstein
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WARREN G. LICHTENSTEIN
* Attorney-in-fact
