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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
EXOLON-ESK COMPANY
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(Name of Issuer)
COMMON STOCK, PAR VALUE $1.00 PER SHARE
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(Title of Class of Securities)
3021010 10 0
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(CUSIP Number)
JOSEPH D. LEHRER, ESQ.
10 SOUTH BROADWAY, SUITE 2000, ST. LOUIS, MISSOURI 63102 (314) 241-9090
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
MARCH 30, 1998
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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. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7(b) 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 the disclosures provided in a prior cover page.
The information required in 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>
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CUSIP No. 3021010 10 0 13D Page 2 of 5 Pages
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<S><C>
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (entities only)
WOODBOURNE PARTNERS, L.P.
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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 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
MISSOURI
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Number of 7 Sole Voting Power
Shares 31,000, SUBJECT TO THE DISCLAIMER CONTAINED IN ITEM 5.
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Beneficially 8 Shared Voting Power
Owned by -0-
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Each 9 Sole Dispositive Power
Reporting 31,000, SUBJECT TO THE DISCLAIMER CONTAINED IN ITEM 5.
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10 Shared Dispositive Power
Person With
-0-
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
31,000, SUBJECT TO THE DISCLAIMER CONTAINED IN ITEM 5.
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12 Check 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)
6.4%
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14 Type of Reporting Person (See Instructions)
PN
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</TABLE>
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CUSIP No. 3021010 10 0 13D Page 3 of 5 Pages
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ITEM 1. Security and Issuer.
The Reporting Person, Woodbourne Partners, L.P., a Missouri limited
partnership, is the holder of shares of the Common Stock, par value $1.00 per
share ("Stock") of Exolon-ESK Company, a Delaware corporation ("Issuer"), 1000
E. Niagara St., P.O. Box 590, Tonawanda, New York 14150.
ITEM 2. Identity and Background.
(a) Woodbourne Partners, L.P. ("Reporting Person")
State of Organization: Missouri.
Principal Business: Investments.
Address: 200 N. Broadway, Suite 825
St. Louis, Missouri 63102
General Partner: Clayton Management Company.
(d) No.
(e) No.
Information on General Partner and Controlling Persons pursuant to
Instruction C:
(a) Clayton Management Company (General Partner of the
Reporting Person).
State of Organization: Missouri.
Principal Business: Investments.
Address: 200 N. Broadway, Suite 825
St. Louis, Missouri 63102
Sole Director: John D. Weil.
Executive Officers: John D. Weil - President/Secretary.
Thomas E. Kahn - Assistant Secretary.
Sole Shareholder: John D. Weil.
(d) No.
(e) No.
(a) John D. Weil (Sole Director and Shareholder of the General
Partner of the Reporting Person).
(b) 200 N. Broadway, Suite 825, St. Louis, Missouri
63102.
(c) Self-employed investor, 200 N. Broadway, Suite 825,
St. Louis, Missouri 63102.
(d) No.
(e) No.
(f) U.S.A.
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CUSIP No. 3021010 10 0 13D Page 4 of 5 Pages
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ITEM 3. Source and Amount of Funds or Other Consideration.
All shares of Stock of the Issuer were purchased with the funds of the
Reporting Person. The Reporting Person did not borrow any funds to acquire
shares of Stock of the Issuer.
ITEM 4. Purpose of the Transaction.
The Reporting Person purchased the Stock of the Issuer for general
investment purposes.
On March 24, 1998, the Issuer released a Press Release (the "Issuer's
Press Release") and filed with the Securities and Exchange Commission, Form 8-K
(the "Issuer's Form 8-K"). Both the Issuer's Press Release and the Issuer's
Forms 8-K reference that large shareholders and their affiliates will purchase
the 50% of the Issuer's Stock currently held by an affiliate of
ElectroschmelZwerk Kemptem GmbH ("ESK"), with the transaction closing later
this year (the "Proposed Shareholder Purchase").
An amendment to a statement on Schedule 13D relating to the Issuer's
Stock was previously filed on April 1, 1998, by Patrick W.E. Hodgson and
several other reporting persons, including Brent D. Baird. In item 4 of this
amended 13D, it was reported that Patrick W.E. Hodgson, Theodore E. Dann, Jr.
and Brent D. Baird have been involved in discussions and negotiations with
respect to the Proposed Shareholder Purchase and that such individuals and/or
their affiliates will purchase some or all of the shares currently held by the
ESK affiliate. It was also reported that many of the details of the Proposed
Shareholder Purchase have not been finalized.
John D. Weil, the sole director and shareholder of the general partner
of the Reporting Person, Patrick W.E. Hodgson and Brent D. Baird are affiliates
of Todd Shipyards Corporation ("Todd"), by reason of their membership on the
Board of Directors of Todd. Mr. Weil has had discussions with Mr. Hodgson and
Mr. Baird about participating, either directly or indirectly, in the Proposed
Shareholder Purchase. There has been no determination whether Mr. Weil, the
Reporting Person, the general partner of the Reporting Person or Todd will
participate in the Proposed Shareholder Purchase.
ITEM 5. Interest in Securities of the Issuer.
(a) Subject to the disclaimer of beneficial ownership hereinafter
set forth, the Reporting Person hereby reports beneficial
ownership of 31,000 shares of Stock in the manner hereinafter
described:
<TABLE>
<CAPTION>
Percentage of
Relationship to Number of Outstanding
Shares Held in Name of Reporting Person Shares Securities
---------------------- ---------------- --------- -------------
<S> <C> <C> <C>
Woodbourne Partners, L.P. Reporting Person 31,000 6.4%
</TABLE>
The foregoing percentages assume that the Issuer has 481,995 shares of
Stock outstanding.
AS PROVIDED IN S.E.C. REGULATION ss.240.13d-4, THE REPORTING PERSON HEREBY
DECLARES THAT THIS STATEMENT SHALL NOT BE CONSTRUED AS AN ADMISSION THAT IT IS,
FOR THE PURPOSES OF SECTION 13(d) OR 13(g) OF THE SECURITIES EXCHANGE ACT, THE
BENEFICIAL OWNER OF THE SECURITIES COVERED BY THIS STATEMENT.
(b) Subject to the above disclaimer of beneficial ownership, for each
person named in paragraph (a), the number of shares as to which
there is sole power to vote or direct the vote, shared power to vote
or direct the vote, sole power to dispose or direct the disposition,
or shared power to dispose or direct the disposition, is the same as
in paragraph (a).
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CUSIP No. 3021010 10 0 13D Page 5 of 5 Pages
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(c)
<TABLE>
<CAPTION>
Net Price
Number Per Transaction
Purchase in the Name of Date of Shares Share Made Through
----------------------- ---- --------- ----- ------------
<S> <C> <C> <C> <C>
Woodbourne Partners, L.P. 3/30/98 24,000 36.3854 Cowen
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(d) Not applicable.
(e) Not applicable.
ITEM 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.
None.
ITEM 7. Material to be Filed as Exhibits
None.
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.
WOODBOURNE PARTNERS, L.P.,
by its General Partner, CLAYTON
MANAGEMENT COMPANY
/s/ John D. Weil
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John D. Weil, President
April 9, 1998
