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UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20249
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Fluor Daniel GTI, Inc.
------------------------------------------------------
(Name of Issuer)
Common Stock, Par Value $.001
------------------------------------------------------
(Title of Class of Securities)
34386C-10-6
-------------------------------------------------------
(CUSIP Number)
Raymond M. Bukaty, Esq., Fluor Corporation
3353 Michelson Drive, Irvine, CA 92698
(714) 975-6692
--------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 11, 1996
--------------------------------------------------------
(Date of Event which Requires Filings of this Statement)
If the filing person has previously filed a statement of Schedule 13G to report
the acquisition which is the subject to 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 this 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 less than five percent 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 the 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).
<PAGE>
_____________________ SCHEDULE 13D _________________
CUSIP No. 34386C-10-6 Page 2 of 6 Pages
_____________________ _________________
________________________________________________________________________________
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FLUOR CORPORATION
95-0740960
________________________________________________________________________________
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
________________________________________________________________________________
SEC USE ONLY
3
________________________________________________________________________________
SOURCE OF FUNDS*
4
WC
________________________________________________________________________________
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
5 PURSUANT TO ITEMS 2(d) or 2(e) [_]
________________________________________________________________________________
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
________________________________________________________________________________
NUMBER OF SOLE VOTING POWER
7
SHARES 0
_______________________________________________________________
BENEFICIALLY SHARED VOTING POWER
8
OWNED BY 6,168,970
_______________________________________________________________
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
_______________________________________________________________
PERSON SHARED DISPOSITIVE POWER
10
WITH 6,168,970
________________________________________________________________________________
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
6,168,970
________________________________________________________________________________
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
12 SHARES* [_]
________________________________________________________________________________
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
62.2%
________________________________________________________________________________
TYPE OF REPORTING PERSON
14
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
_____________________ SCHEDULE 13D _________________
CUSIP No. 34386C-10-6 Page 3 of 6 Pages
_____________________ _________________
________________________________________________________________________________
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FLUOR DANIEL, INC.
95-2758280
________________________________________________________________________________
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
________________________________________________________________________________
SEC USE ONLY
3
________________________________________________________________________________
SOURCE OF FUNDS*
4
WC, AF
________________________________________________________________________________
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
5 PURSUANT TO ITEMS 2(d) or 2(e) [_]
________________________________________________________________________________
CITIZENSHIP OR PLACE OF ORGANIZATION
6
CALIFORNIA
________________________________________________________________________________
NUMBER OF SOLE VOTING POWER
7
SHARES 0
_______________________________________________________________
BENEFICIALLY SHARED VOTING POWER
8
OWNED BY 6,168,970
_______________________________________________________________
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
_______________________________________________________________
PERSON SHARED DISPOSITIVE POWER
10
WITH 6,168,970
________________________________________________________________________________
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
6,168,970
________________________________________________________________________________
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
12 SHARES* [_]
________________________________________________________________________________
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
62.2%
________________________________________________________________________________
TYPE OF REPORTING PERSON
14
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
_____________________ SCHEDULE 13D _________________
CUSIP No. 34386C-10-6 Page 4 of 6 Pages
_____________________ _________________
________________________________________________________________________________
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FD ENGINEERS & CONSTRUCTORS, INC.
95-3361207
________________________________________________________________________________
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
________________________________________________________________________________
SEC USE ONLY
3
________________________________________________________________________________
SOURCE OF FUNDS*
4
WC, AF
________________________________________________________________________________
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
5 PURSUANT TO ITEMS 2(d) or 2(e) [_]
________________________________________________________________________________
CITIZENSHIP OR PLACE OF ORGANIZATION
6
CALIFORNIA
________________________________________________________________________________
NUMBER OF SOLE VOTING POWER
7
SHARES 0
_______________________________________________________________
BENEFICIALLY SHARED VOTING POWER
8
OWNED BY 6,168,970
_______________________________________________________________
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
_______________________________________________________________
PERSON SHARED DISPOSITIVE POWER
10
WITH 6,168,970
________________________________________________________________________________
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
6,168,970
________________________________________________________________________________
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
12 SHARES* [_]
________________________________________________________________________________
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
62.2%
________________________________________________________________________________
TYPE OF REPORTING PERSON
14
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
The Schedule 13D, filed May 20, 1996 (the "Schedule 13D") of Fluor
Corporation, FD Constructors & Engineers, Inc. and Fluor Daniel, Inc.
(collectively, "Fluor"), is amended as follows:
Item 2 of the Schedule 13D is supplemented in that Don L. Blankenship, the
Chairman of the Board and CEO of A.T. Massey Coal Company, having the business
address and principal occupation indicated in Item 2 of the Schedule 13D, has
been elected and serves as a director of Fluor Corporation.
Item 5 of the Schedule 13D is amended and restated to read in its entirety
as follows:
(a) As of May 10, 1996, Fluor Daniel was the record owner of 4,400,000 shares
of New Common Stock, which represented 54.5% of the Company's outstanding New
Common Stock, based upon 8,077,288 outstanding shares (before taking into
account the payment of cash in respect of fractional shares in the Company
recapitalization) as reported by the Company to Fluor Daniel on May 10, 1996.
Under the Option Agreement, Fluor Daniel has the right to purchase up to
1,768,970 shares of New Common Stock ("Option Shares") at $13.1274 per share.
Fluor Daniel may exercise such right to purchase such shares at any time during
the period from December 11, 1996 through December 11, 1998. The recent range of
prices per share of New Common Stock quoted on the NASDAQ National Market is
below the per share price payable under the Option Agreement. Consequently, it
is unrealistic under current market conditions to assume that Fluor Daniel would
exercise its purchase rights under the Option Agreement. As of October 31, 1996,
the Company had 8,155,832 shares of New Common Stock outstanding. Assuming Fluor
Daniel fully exercised its purchase rights under the Option Agreement and the
Company issued an additional 1,768,970 shares of New Common Stock in connection
with such exercise, Fluor Daniel's 6,168,970 shares would represent 62.2% of the
Company's outstanding shares of New Common Stock after giving effect to such
issuance.
(b) FD Engineers shares the power, in its capacity as the direct parent of
Fluor Daniel, to direct the vote and direct the disposition of the New Common
Stock directly owned by Fluor Daniel. Fluor shares the power, in its capacity as
the direct parent of FD Engineers and the indirect parent of Fluor Daniel, to
direct the vote and disposition of the New Common Stock directly owned by Fluor
Daniel.
(c) Fluor Daniel acquired its shares of New Common Stock from the Company
pursuant to the Investment Agreement. In connection with the Investment
Agreement, Fluor Daniel acquired its rights under the Option Agreement upon the
execution and delivery of such agreement and the payment of $1,650,000.
Page 5 of 6 Pages
<PAGE>
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.
Dated: December 11, 1996
Fluor Corporation Fluor Daniel, Inc.
By: /s/ LAWRENCE N. FISHER By: /s/ LAWRENCE N. FISHER
-------------------------------------- --------------------------------
Lawrence N. Fisher, Senior Lawrence N. Fisher, Vice
Vice President-Law & Secretary President-Law & Secretary
FD Engineers & Constructors, Inc.
By: /s/ LAWRENCE N. FISHER
--------------------------------
Lawrence N. Fisher, Secretary
Page 6 of 6 Pages
