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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13D-2(b)
(AMENDMENT NO. __________) 1
KAYNAR TECHNOLOGIES INC.
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(Name of Issuer)
COMMON STOCK
------------
(Title of Class of Securities)
48660 5 108
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(CUSIP Number)
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1 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 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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CUSIP NO. 48660 5 108 13G Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON:
GENERAL ELECTRIC CAPITAL CORPORATION
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
13-1500700
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / / (b) /X/
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
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NUMBER 5 SOLE VOTING POWER
OF 5,206,000
SHARES ------------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY EACH ------------------------------------------------------------
REPORTING
7 SOLE DISPOSITIVE POWER
PERSON
5,206,000
WITH ------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,206,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
58.5%
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12 TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 48660 5 108 13G Page 3 of 7 Pages
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1 NAME OF REPORTING PERSON:
GENERAL ELECTRIC CAPITAL SERVICES, INC.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
06-11095031
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / / (b) /X/
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
NUMBER 5 SOLE VOTING POWER
OF DISCLAIMED (SEE 9 BELOW)
SHARES -----------------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING DISCLAIMED (SEE 9 BELOW)
PERSON -----------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
BENEFICIAL OWNERSHIP OF ALL SHARES IS DISCLAIMED BY
GENERAL ELECTRIC CAPITAL SERVICES, INC.
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
NOT APPLICABLE (SEE 9 ABOVE)
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12 TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 48660 5 108 13G Page 4 of 7 Pages
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1 NAME OF REPORTING PERSONS
GENERAL ELECTRIC COMPANY
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
14-0089340
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / / (b) /X/
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
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NUMBER 5 SOLE VOTING POWER
OF DISCLAIMED (SEE 9 BELOW)
SHARES -----------------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING DISCLAIMED (SEE 9 BELOW)
PERSON -----------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
BENEFICIAL OWNERSHIP OF ALL SHARES IS DISCLAIMED BY
GENERAL ELECTRIC COMPANY
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
NOT APPLICABLE (SEE 9 ABOVE)
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12 TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 48660 5 108 13G Page 5 of 7 Pages
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ITEM 1(a). NAME OF ISSUER:
Kaynar Technologies Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
500 North State College Boulevard
Orange, California 92868
ITEM 2(a). NAME OF PERSON FILING:
General Electric Capital Corporation ("GECC"), General Electric
Capital Services, Inc. ("GECS") and General Electric Company
("GE"). GECS is a wholly owned subsidiary of GE, and GECC is a
wholly owned subsidiary of GECS.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
GECC: 260 Long Ridge Road
Stamford, Connecticut 06927
GECS: 260 Long Ridge Road
Stamford, Connecticut 06927
GE: 3135 Easton Turnpike
Fairfield, Connecticut 06431
ITEM 2(c). CITIZENSHIP:
GECC: Incorporated in New York
GECS: Incorporated in Delaware
GE: Incorporated in New York
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Series C Convertible Preferred Stock, par value $.01 per share
(the "Series C Preferred"). Each share of Series C Preferred is
convertible at any time into one share of Kaynar common stock,
par value $.01 per share (the "Common Stock"), subject to certain
adjustments.
ITEM 2(e). CUSIP NUMBER:
486605108
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CUSIP NO. 48660 5 108 13G Page 6 of 7 Pages
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR
13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
Not Applicable
ITEM 4. OWNERSHIP:
The information in items 1 and 5 through 11 on the cover pages
(pp. 2 - 4) on Schedule 13G is hereby incorporated by reference.
The amount beneficially owned and the percent of class calculated
on page 2 assumes that GECC fully converts its Series C Preferred
into Common Stock.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP:
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
ITEM 10. CERTIFICATION
Not applicable.
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CUSIP NO. 48660 5 108 13G Page 7 of 7 Pages
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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: February 10, 1998
GENERAL ELECTRIC CAPITAL CORPORATION
a New York corporation
By: /s/ Michael A. Gaudino
----------------------------------------------------
Michael A. Gaudino
Vice President
GENERAL ELECTRIC CAPITAL SERVICES, INC.
a Delaware corporation
By: /s/ Nancy E. Barton
----------------------------------------------------
Nancy E. Barton
Senior Vice President
GENERAL ELECTRIC COMPANY
a New York corporation
By: /s/ Michael A. Gaudino
----------------------------------------------------
Michael A. Gaudino
Attorney-in-fact
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EXHIBIT A
AGREEMENT REGARDING JOINT FILING
Pursuant to Securities and Exchange Commission Regulation 240.13d-1(f)(1),
the undersigned persons agrees that a statement may be filed on behalf of each
of the undersigned persons by General Electric Capital Corporation with respect
to Series C Preferred Stock, par value $.01 per share, issued by Kaynar
Technologies Inc. Further, each of the undersigned agrees that General Electric
Capital Corporation, by any of its duly elected officers, shall be authorized to
sign from time to time on behalf of the undersigned, any amendments to this
Schedule 13G or any statements on Schedule 13D relating to Kaynar Technologies
Inc. which may be necessary or appropriate from time to time.
Dated: February 10, 1998
GENERAL ELECTRIC CAPITAL CORPORATION
a New York corporation
By: /s/ Michael A. Gaudino
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Michael A. Gaudino
Vice President
GENERAL ELECTRIC CAPITAL SERVICES, INC.
a Delaware corporation
By: /s/ Nancy E. Barton
--------------------------------------------------
Nancy E. Barton
Senior Vice President
GENERAL ELECTRIC COMPANY
a New York corporation
By: /s/ Michael A. Gaudino
--------------------------------------------------
Michael A. Gaudino
Attorney-in-fact
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EXHIBIT B
POWER OF ATTORNEY
The undersigned, General Electric Company, a New York corporation
(hereinafter referred to as the "Corporation") does hereby make, constitute and
appoint the persons listed below as the Corporation's true and lawful agent and
attorney-in-fact (hereinafter referred to as the "Attorney") to act either
together or alone in the name and on behalf of the Corporation for and with
respect to the matters hereinafter described.
Name of Attorney: Joan C. Amble
Nancy E. Barton
Jeffrey S. Werner
Michael A. Gaudino
John J. Walker
Michael E. Pralle
Paul J. Licursi
Each Attorney shall have the power and authority to do the following:
To execute and deliver any Schedule 13D, Schedule 13G or Forms 3, 4 and 5
or any amendments thereto required to be filed with the Securities and
Exchange Commission under the Securities Exchange Act of 1934 on behalf of
the Corporation with regard to any securities owned by General Electric
Capital Services, Inc., General Electric Capital Corporation or any of
their subsidiaries.
And, in connection with the foregoing, to execute and deliver all
documents, acknowledgments, consents and other agreements and to take such
further action as may be necessary or convenient for the Corporation in order to
more effectively carry out the intent and purpose of the foregoing.
Agreements, commitments, documents, instruments, and other writings
executed by the Attorney in accordance with the terms hereof shall be binding
upon the Corporation without attestation and without affixation of the seal of
the Corporation. The Power of Attorney conferred hereby shall not be delegable
by any Attorney. The Attorney shall serve without compensation for acting in the
capacity of agent and attorney-in-fact hereunder.
Unless sooner revoked by the Corporation, this Power of Attorney shall be
governed under the laws of the State of New York and the authority of the
Attorney hereunder shall terminate on March 31, 1998.
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IN WITNESS WHEREOF, the Corporation has caused this Power of Attorney to be
executed, attested and its corporate seal to be affixed pursuant to authority
granted by the Corporation's board of directors, as of the 5th day of June,
1996.
General Electric Company
(Corporate Seal)
By: /s/ Philip D. Ameen
-------------------------------
Philip D. Ameen, Vice President
Attest:
/s/ Robert E. Healing
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Robert E. Healing, Attesting Secretary
