UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
D.C. 20549
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SCHEDULE 13D
(Amendment No. 2)
Under
THE SECURITIES EXCHANGE ACT OF 1934
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GEORGIA BONDED FIBERS, INC.
(Name of Issuer)
COMMON STOCK, $.10 PAR VALUE
(Title of Class of Securities)
373136209
(CUSIP Number)
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James C. Kostelni, Chairman and President
Georgia Bonded Fibers, Inc.
One Bontex Drive
Buena Vista, VA 24416-0751
(703) 261-2181
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
-------------------------
May 24, 1996
(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 [ ].
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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.)
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.
CUSIP No. 373136209
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(1) Name of Reporting Person.
S.S. or I.R.S. Identification Nos.
of Above Person
Marie G. Surmonte SS# ###-##-####
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(2) Check the Appropriate Box if a Member (a) [ ]
of a Group (See Instructions) (b) [X]
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(3) SEC Use Only
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(4) Source of Funds (See Instructions)
00 (Reporting Person acquired the subject shares by operation of law
in her capacity as an executor of the Estate of Hugo N. Surmonte)
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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
United States
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Number of Shares (7) Sole Voting
Beneficially Owned Power 675,507 shares
by Each Reporting------------------------------------------------------
Person With
(8) Shared Voting
Power 167,575 shares
------------------------------------------------------
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(9) Sole Dispositive
Power 675,507 shares
------------------------------------------------------
(10) Shared Dispositive
Power 167,575 shares
- - -----------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned
by Each Reporting Person 843,082 shares
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(12) Check if the Aggregate Amount in Row [ ]
(11) Excludes Certain Shares (See
Instructions)
- - -----------------------------------------------------------------------------
(13) Percent of Class Represented by Amount
in Row (11)
53.6%
- - -----------------------------------------------------------------------------
(14) Type of Reporting Person (See
Instructions)
IN
- - -----------------------------------------------------------------------------
<PAGE>
ITEM 1. Security and Issuer
The class of securities to which this statement relates is Common Stock,
$.10 par value, of Georgia Bonded Fibers, Inc. ("BONTEX"), a New Jersey
corporation. The address of BONTEX's principal executive offices is 15
Nuttman Street, Newark, New Jersey 07013-3508.
ITEM 2. Identity and Background
This statement is being filed by Marie G. Surmonte. Mrs. Surmonte is
retired, and her residence address is 1913 Adrian Avenue, Spring Lake, New
Jersey 07762. Mrs. Surmonte is a citizen of the United States.
Mrs. Surmonte has not, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors).
Further, Mrs. Surmonte has not, during the last five years, been a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction which resulted in Mrs. Surmonte being subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
ITEM 3. Source and Amount of Funds or Other Consideration
Not applicable. This schedule is being filed to report a change in the
direct and indirect beneficial ownership by Mrs. Surmonte of an aggregate of
843,082 shares of BONTEX common stock, as a result of the distribution of the
estate of Hugo N. Surmonte (the "Estate"), of which Mrs. Surmonte is an
executor.
ITEM 4. Purpose of Transaction
743,148 shares of BONTEX common stock beneficially owned indirectly by
Mrs. Surmonte as an executor of the Estate have been distributed pursuant to
the terms of the Will of Hugo N. Surmonte to Mrs. Surmonte (575,603 shares)
and to two separate trusts for the benefit of Mrs. Surmonte and her family
(167,575 shares).
ITEM 5. Interest in Securities of the Issuer
(a) Mrs. Surmonte is the beneficial owner of 843,082 shares of BONTEX
common stock, which represent approximately 53.6% of BONTEX's issued and
outstanding common stock. Mrs. Surmonte beneficially owns 167,575 of such
shares as a trustee and beneficiary of certain trusts. First Union National
Bank (formerly First Fidelity Bank, N.A.), a national banking association
organized under the laws of the United States, 303 Broad Street, Red Bank, New
Jersey 07701, is co-trustee of the trusts and also has a beneficial ownership
interest in those 167,575 shares (representing approximately 10.65% of
BONTEX's issued and outstanding common stock).
(b) Mrs. Surmonte has sole voting power and sole dispositive power with
respect to 675,507 shares of the BONTEX common stock of which she is the
beneficial owner. Mrs. Surmonte and First Union National Bank have shared
voting power and shared dispositive power with respect to the 167,575 shares
of BONTEX common stock which they hold as trustees of the trusts.
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(c) Neither Mrs. Surmonte nor First Union National Bank has had any
transactions in BONTEX common stock during the past sixty days.
(d) Not applicable.
(e) Not applicable.
ITEM 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer
None (other than with respect to the distribution of the shares held by
the Estate, as described in Item 4 above).
ITEM 7. Material to Be Filed as Exhibits
None.
<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.
May 24, 1996
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(Date)
s/Marie G. Surmonte
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Marie G. Surmonte
