JACO ELECTRONICS INC
SC 13G, 1997-02-19
ELECTRONIC PARTS & EQUIPMENT, NEC
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13G
                                 (Rule 13d-102)



             INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                                (Amendment No. )1


                             JACO ELECTRONICS, INC.
                         ------------------------------
                                (Name of Issuer)


                                  COMMON STOCK
                        ---------------------------------
                         (Title of Class of Securities)


                                    469783104
                             -----------------------
                                 (Cusip Number)


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 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.)

                      [Continued on the following page(s)]

                               Page 1 of Pages 6
<PAGE>

CUSIP No. 469783104                   13G                      Page 2 of 6 Pages

- --------------------------------------------------------------------------------
1.    Name of reporting persons
      S.S. or I.R.S. identification no. of above persons

      State Retirement and Pension Systems of Maryland
      52-1323466
- --------------------------------------------------------------------------------
2.    Check the appropriate box if a member of a group*
                                                           (a)[   ]
                                                           (b)[   ]

- --------------------------------------------------------------------------------
3.    SEC use only


- --------------------------------------------------------------------------------
4.    Citizenship or place of organization
      Maryland

- --------------------------------------------------------------------------------
                               5.   Sole Voting Power
                                    195,000
   Number of                   -------------------------------------------------
   shares                      6.   Shared Voting Power
   beneficially
   owned by                         0
   each                        -------------------------------------------------
   reporting                   7.   Sole Dispositive Power
   person
   with                             0
                               -------------------------------------------------
                               8.   Shared Dispositive Power
                                    195,000
- --------------------------------------------------------------------------------
9.    Aggregate amount beneficially owned by each reporting person

      195,000
- --------------------------------------------------------------------------------
10.   Check box if the aggregate amount in row (9) excludes certain shares*
                                                              [   ]
- --------------------------------------------------------------------------------
11.   Percent of class represented by amount in row 9
      5.01%
- --------------------------------------------------------------------------------
12.   Type of reporting person
      EP


<PAGE>

CUSIP No. 469783104                   13G                      Page 3 of 6 Pages

Item 1(a).     Name of Issuer:

               JACO ELECTRONICS, INC.

Item 1(b).     Address of Issuer's Principal Executive Offices:

               145 Oser Ave
               Hauppauge NY  11788

Item 2(a).     Name of Person Filing:

               State Retirement and Pension Systems of Maryland

Item 2(b).     Address of Principal Business Office or, if None, Residence:

               301 West Preston Street, Room 901 A
               Baltimore MD  21201

Item 2(c).     Citizenship:

               Maryland

Item 2(d).     Title of Class of Securities:

               Common Stock

Item 2(e).     CUSIP Number:

               469783104

Item 3.        If this statement is filed pursuant to Rules 13d-1(b), or 
               13d-2(b), check whether the person filing is a:

     (a) [   ] Broker or Dealer registered under Section 15 of the Act,

     (b) [   ] Bank as defined in Section 3(a)(6) of the Act,

     (c) [   ] Insurance Company as defined in Section 3(a)(19) of the Act,

     (d) [   ] Investment Company registered under Section 8 of the
               Investment Company Act,

     (e) [   ] Investment Adviser registered under Section 203 of the
               Investment Advisers Act of 1940,


<PAGE>

CUSIP No. 469783104                   13G                      Page 4 of 6 Pages


     (f) [ X ] Employee Benefit Plan, Pension Fund which is subject to the
               provisions of the Employee Retirement Income Security Act of 1974
               or Endowment Fund; see 13d-1(b)(1)(ii)(F),

     (g) [   ] Parent Holding Company, in accordance with Rule 
               13d-1(b)(1)(ii)(G); see Item 7,

     (h) [   ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).

Item 4.        Ownership:

          (a)  State Retirement and Pension Systems of Maryland is the benefical
               owner of 195,000 shares of common stock of the issuer.

          (b)  Percent of Class: 5.01%

          (c)  Number of shares as to which such person has:

                (i) Sole power to vote or to direct the vote             195,000

               (ii) Shared power to vote or to direct the vote                 0

              (iii) Sole power to dispose or to direct the 
                    disposition of                                             0

               (iv) Shared power to dispose or to direct the 
                    disposition  of                                      195,000


<PAGE>

CUSIP No. 469783104                   13G                      Page 5 of 6 Pages



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 hereof the reporting person has ceased to be the
               beneficial owner of more than five percent of the class of
               securities, check the following [ ].

Item 6.        Ownership of More than Five Percent on Behalf of Another Person.

                    Wellington Management Company,LLP, as investment adviser to
               State Retirement and Pension Systems of Maryland, has the right
               to receive or the power to direct the receipt of dividends from,
               or the proceeds from the sale of, the securities as to which this
               Schedlule is filed, and such interest relates to more than five
               percent of this class.



Item 7.        Identification and Classification of the Subsidiary Which
               Acquired the Security Being Reported on by the Parent Holding
               Company.

               None

Item 8.        Identification and Classification of Members of the Group.

               Not Applicable. This schedule is not being filed pursuant to Rule
               13d-1(b)(1)(ii)(H) or Rule 13d-1(c).

Item 9.        Notice of Dissolution of Group.

               Not Applicable.

Item 10.       Certification.

               "By signing below I certify that, to the best of my knowledge and
               belief, the securities referred to above were acquired in the
               ordinary course of business and were not acquired for the purpose
               of and do not have the effect of changing or influencing the
               control of the issuer of such securities and were not acquired in
               connection with or as a participant in any transaction having
               such purpose or effect."


<PAGE>

CUSIP No. 469783104                   13G                      Page 6 of 6 Pages



                                    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:          February 11, 1997
     Signature:     /s/ R. Carol Casey
                    ---------------------------
     Name/Title:    R. Carol Casey
                    CHIEF INVESTMENT OFFICER

















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