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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. 10)
ANDROS INCORPORATED
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(Name of Issuer)
Common Stock, $0.01 Par Value Per Share
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(Title of Class of Securities)
0000345281
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(CUSIP Number)
Steven A. Cohen 520 Madison Avenue - 7th Floor, New York, New York 10022
(212) 826-6800
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
March 13, 1996
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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 [ ].
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).
SEC 1746 (12-91)
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SCHEDULE 13D
CUSIP NO. 0000345281 PAGE 2 OF 6 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Management, 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
ITEMS 2(d) or 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
None
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8 SHARED VOTING POWER
221,840
NUMBER OF SHARES -----------------------------------------------------
BENEFICIALLY OWNED 9 SOLE DISPOSITIVE POWER
BY EACH REPORTING None
PERSON WITH -----------------------------------------------------
10 SHARED DISPOSITIVE POWER
221,840
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
221,840
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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)
4.79%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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SCHEDULE 13D
CUSIP NO. 0000345281 PAGE 3 of 6 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven A. Cohen
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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*
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 of America
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7 SOLE VOTING POWER
334,800
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8 SHARED VOTING POWER
389,194
NUMBER OF SHARES -----------------------------------------------------
BENEFICIALLY OWNED 9 SOLE DISPOSITIVE POWER
BY EACH REPORTING 334,800
PERSON WITH -----------------------------------------------------
10 SHARED DISPOSITIVE POWER
389,194
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
723,994
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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)
15.64%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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SCHEDULE 13D
CUSIP NO. 0000345281 PAGE 4 of 6 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Investments, 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
ITEMS 2(d) or 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
None
-----------------------------------------------------
8 SHARED VOTING POWER
167,354
NUMBER OF SHARES -----------------------------------------------------
BENEFICIALLY OWNED 9 SOLE DISPOSITIVE POWER
BY EACH REPORTING None
PERSON WITH -----------------------------------------------------
10 SHARED DISPOSITIVE POWER
167,354
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
167,354
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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)
3.62%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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ITEM 1. SECURITY AND ISSUER
The Schedule 13D filed June 14, 1995, by S.A.C. Capital Management,
L.P. ("Capital Management"), with respect to the Common Stock, $0.01 par value
per share (the "Shares") of Andros Incorporated, a Delaware corporation (the
"Company"), and amended June 28, 1995, July 31, 1995, October 3, 1995 and
December 5, 1995 by Capital Management and Steven A. Cohen ("Mr. Cohen") and
amended January 4, 1996, February 2, 1996, February 23, 1996, February 29, 1996
and March 8, 1996 by Capital Management, Mr. Cohen and S.A.C. Investments, L.P.
("Investments," and together with Capital Management and Mr. Cohen, the
"Reporting Persons") is hereby amended as set forth below.
ITEM 2. IDENTITY AND BACKGROUND
No amendment.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
No amendment.
ITEM 4. PURPOSE OF TRANSACTION
Except for the addition of the following information, Item 4 of the
Schedule 13D, as amended, is not otherwise amended. On March 12, 1996, Mr.
Cohen spoke with several stockholders of the Company and intends to speak with
them and others further regarding their intent with respect to the tendering of
their respective Shares into the tender offer. Based on these conversations,
Mr. Cohen has determined that substantial opposition to the tender offer exists
and intends, if the tender offer is unsuccessful, to initiate actions which
could result in a change in the present Board of Directors of the Company and
material change in the capitalization of the Company, possibly by share
repurchase. If Mr. Cohen is able to persuade the Board of Directors of the
Company to otherwise realize value of the Company above that proposed in the
tender offer, he may not initiate such actions.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) - (b) No amendment.
(c) No transactions in Shares were effected since March 8, 1996 by
either the Reporting Persons or S.A.C.
(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.
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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: March 13, 1996 /s/ STEVEN A. COHEN
----------------------------------------------
Steven A. Cohen
S.A.C. Capital Management L.P.
By: S.A.C. Capital Management, LLC, Its General Partner
By: /s/ STEVEN A. COHEN
-----------------------------------------
Steven A. Cohen, Managing Member
S.A.C. Investments, L.P.
By: S.A.C. Capital Management, LLC, Its General Partner
By: /s/ STEVEN A. COHEN
-----------------------------------------
Steven A. Cohen, Managing Member
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