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UNITED STATES
Securities and Exchange Commission
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
ICO, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
449293109
(CUSIP Number)
December 31, 1999
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/X/ Rule 13d-1(b)
/_/ Rule 13d-1(c)
/_/ Rule 13d-1(d)
* 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).
<PAGE>
CUSIP No. 449293109
1. Name of reporting persons
I.R.S. Identification Nos. of above persons (Entities Only)
Kornitzer Capital Management, Inc. ("KCM") 48-1069845
2. Check the appropriate box if a member of a group (See Instructions)
(a)
(b)
3. SEC use only
4. Citizenship or place of organization: Kansas
5. Sole voting power: 0
Number of ______________________________________________________
shares 6. Shared voting power: 3,507,696
beneficially
owned ______________________________________________________
by each 7. Sole dispositive power: 0
reporting ______________________________________________________
person with: 8. Shared dispositive power: 3,507,696
9. Aggregate amount beneficially owned by each reporting person:
3,507,696
10. Check if the aggregate amount in row (9) excludes certain shares (See
Instructions)
11. Percent of class represented by amount in row (9): 13.94%
12. Type of reporting person (See Instructions): IA
<PAGE>
CUSIP No. 449293109
Item 1.
(a) Name of issuer: ICO, Inc.
(b) Address of issuer's principal executive offices: 11490 Westheimer
Road, Suite 1000, Houston, Texas 77067.
Item 2.
(a) Name of person filing: Kornitzer Capital Management, Inc.
("KCM").
(b) Address of principal business offices or, if none, residence: 5420
West 61st Place, Shawnee Mission, Kansas 66205.
(c) Citizenship: Kansas corporation.
(d) Title of class of securities: Common stock, no par value.
(e) CUSIP numbers: 449293109.
Item 3. If this statement is filed pursuant to Secs. 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act (15 U.S.C. 80a-8).
(e) [x ] An investment adviser in accordance with Sec.
204.13d-1(b)((1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in accordance
with Sec.240.13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in accordance
with Sec. 240.13d-1(b)(ii)(G).
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3).
(j) [ ] Group, in accordance with Sec. 240.13d-1(b)(ii)(J).
Item 4. Ownership.
The following information regarding the aggregate number and percent of
the class of securities identified in Item 1 is provided as follows:
(a) Amount beneficially owned: 3,507,696
KCM's beneficial ownership of the common stock consists of 743,750
shares of common stock held directly and 2,763,946 shares it is deemed to
beneficially own through its holdings of the $1.6875 preferred convertible stock
of the issuer. KCM holds 1,008,850 shares of the preferred stock, which
converts into the shares of common stock at a ratio of 2.7397.
(b) Percent of class: 13.94%.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 3,507,696
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the disposition of:
3,507,696.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereto the reporting person has ceased to be the beneficial owner of more than 5
percent of the class of securities, check the following / /.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
KCM is an investment adviser with respect to the shares of common stock
for the accounts of other persons who have the right to receive, and the power
to direct the receipt of, dividends from, or the proceeds from the sale of,
the common stock of ICO, Inc. KCM acts as an investment adviser with respect
to the shares of common stock beneficially owned by Great Plains Trust Company,
a Kansas trust company ("Great Plains"), and KCM may therefore be deemed also
beneficially to own the shares which are included in the shares reported to be
owned by Great Plains. Great Plains files its own Schedule 13G with respect to
the shares it beneficially owns.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
A parent holding company is not filing this Schedule, pursuant to Rule
13d-1(b)(ii)(G) promulgated under the Securities Exchange Act of 1934 (the
"Act").
Item 8. Identification and Classification of Members of the Group.
A group is not filing this Schedule pursuant to Rule 13d-1(b)(ii)(J).
Item 9. Notice of Dissolution of Group.
A notice of dissolution is not applicable to the filing of this
Schedule.
Item 10. Certification.
(a) The following certification shall be included if the statement is
filed pursuant to Sec. 240.13d-1(b):
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purposes or effect.
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.
February 14, 2000
Date
KORNITZER CAPITAL MANAGEMENT, INC.
/s/ John C. Kornitzer
By: John C. Kornitzer, President
