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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)*
CECO ENVIRONMENTAL CORP.
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(Name of Issuer)
Common
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(Title of Class of Securities)
125141 10-1
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(CUSIP Number)
Steven I. Taub
1325 Centennial Road
Narberth, Pennsylvania 19072
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
October 1, 1997
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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.
*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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SCHEDULE 13D
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CUSIP NO. 125141 10-1
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Steven I. Taub SS# 078341079
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a) [ ] (b) [ ]
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3. SEC USE ONLY:
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4. SOURCE OF FUNDS (SEE INSTRUCTIONS):
OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION:
U.S.A.
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NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY 603,552
OWNED BY --------------------------------------------
EACH 8. SHARED VOTING POWER
REPORTING
PERSON WITH None
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9. SOLE DISPOSITIVE POWER
603,552
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10. SHARED DISPOSITIVE POWER
None
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
603,552
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS):
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.42%
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14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
IN
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SCHEDULE 13-D
AMENDMENT NO. 1
CECO ENVIRONMENTAL CORP.
STEVEN I. TAUB
CUSIP NO. 125141 10-1
Amendment No. 1 to a Schedule 13-D, which was filed to report an
acquisition of securities of the issuer pursuant to an event dated August 13,
1997.
Items 3 - 5 inclusive for the reporting person, Steven I. Taub:
Item 3. Source and Amount of Funds or Other Consideration:
The reporting person acquired 21,052 currently
exercisable options to purchase an additional 21,052
shares of common stock of the issuer as a result of
the grant of 210,520 inventive stock options. The
21,052 currently exercisable options are exercisable
for $4.75 per share, the market value as of the date
of grant. The reporting person received the options
as consideration for certain agreements the reporting
person made in connection with his employment
agreement with the issuers subsidiary.
Item 4. Purpose of Transaction
The reporting person acquired 21,052 currently
exercisable options to purchase shares of common
stock for investment purposes. The reporting person
may acquire additional shares of common stock of the
issuer in the future.
The reporting person does not have any plans or
proposals which relate to or would result in any of
the following:
(a) The acquisition of additional securities of the
issuer, or the disposition of securities of the
issuer;
(b) An extraordinary corporate transaction, such as a
merger, reorganization or liquidation, involving the
issuer or any of its subsidiaries;
(c) A sale or transfer of a material amount of assets of
the issuer or any of its subsidiaries;
(d) Any material change in the present capitalization or
dividend policy of the issuer;
(e) Any other material change in the issuer's business or
corporate structure;
(f) Changes in the issuer's charter, by-laws, or
instruments corresponding thereto or other actions
which may impede the acquisition of control of the
issuer by any person;
(g) A class of securities of the issuer being delisted
from a national securities exchange or ceasing to be
authorized to be quoted in an inter-dealer quotation
system of a registered national securities
association;
(h) A class of equity securities of the issuer becoming
eligible for termination of registration pursuant to
Section 12(g)(4)
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CUSIP No. 125141 10-1 PAGE 4 OF 4 PAGES
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of the Securities Exchange Act of 1934.
Item 5. Interest in Securities of the Issuer:
(a) The reporting person owns directly and beneficially
603,552 shares of common stock of the issuer,
including 21,052 currently exercisable options. Based
on the last Form 10-QSB filed by the issuer, after
the transaction being reported herein, the issuer
would have 8,139,000 shares of common stock issued
and outstanding, including the the 21,052 currently
exercisable options. Accordingly, the reporting
person is deemed to own 7.42% of the issued and
outstanding shares of common stock of the issuer.
(b) The reporting person has sole power to vote and sole
power to dispose of the 603,552 shares of common
stock of the issuer, including 21,052 currently
exercisable options.
(c) Other than the acquisition of 21,052 currently
exercisable options to purchase shares of common
stock of the issuer being reported herein, there have
been no transactions effected in the common stock of
the issuer by the reporting person since the last
Schedule 13-D filed by the reporting person.
(d) No persons other than the reporting person are known
to have the right to receive or the power to direct
the receipt of dividends from, or the proceeds from
the sale of, the 603,552 shares of common stock of
the issuer, including options to acquire 21,052
shares of common stock.
(e) Not applicable.
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.
10/15/97 /s/ Steven I. Taub
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Date Signature
Steven I. Taub, Vice President
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Name and Title
