METHODE ELECTRONICS INC
SC 13G/A, 1995-02-14
ELECTRONIC CONNECTORS
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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)*

                             Methode Electronics
- --------------------------------------------------------------------------------
                               (Name of Issuer)

                        Common Stock, $0.50 par value
- --------------------------------------------------------------------------------
                        (Title of Class of Securities)

                                 591520 20 0
                        -----------------------------
                                (CUSIP Number)


Check the following box if a fee is being paid with this statement /  /.  (A
fee is not required only if the filing 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 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 1 of 5 Pages
<PAGE>   2
CUSIP NO. 591520 20 0                  13G                     Page 2 of 5 Pages

1     NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

              OLD MCM, INC.

2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                      (a) / /
3     SEC USE ONLY                                    (b) / /

4     CITIZENSHIP OR PLACE OF ORGANIZATION

       STATE OF DELAWARE

 NUMBER OF             5  SOLE VOTING POWER

   SHARES                 840,815

BENEFICIALLY           6  SHARED VOTING POWER

  OWNED BY                0

    EACH               7  SOLE DISPOSITIVE POWER

 REPORTING                1,304,545

   PERSON              8  SHARED DISPOSITIVE POWER

    WITH                  2,000

9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       1,306,545

10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCULDES CERTAIN SHARES*

11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

       5.6%

12     TYPE OF REPORTING PERSON*

       IA

                     *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>   3
CUSIP NO. 591520 20 0                  13G                    Page 3 of 5 Pages


ITEM 1.

        (a)  Name of Issuer:

             Methode Electronics (the "Company")

        (b)  Address of Issuer's Principal Executive Offices:
           
             7444 W. Wilson Ave.
             Harwood Heights, IL  60656

ITEM 2.

        (a)  Name of Person Filing:

             Old MCM, Inc. ("MCM")

        (b)  Address of Principal Business Office, if none, Residence:

             Munder Capital Center
             480 Pierce Street, Suite 300
             P.O. Box 3043
             Birmingham, MI  48012-3043

        (c)  Citizenship:

             MCM is a corporation incorporated under the laws of the State of 
             Delaware

        (d)  Title of Class of Securities:

             Common Stock, $0.50 par value ("Common Stock")

        (e)  CUSIP Number:

             591520 20 0

ITEM 3.      IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B),
             CHECK WHETHER THE PERSON FILING IS A:

 /X/    (e)  Investment Adviser registered under Section 203 of the Investment
             Advisers Act of 1940


<PAGE>   4

CUSIP NO. 591520 20 0                    13G                  Page 4 of 5 Pages

ITEM 4.      OWNERSHIP

        (a)  Amount Beneficially Owned:

                       1,306,545 shares of Common Stock

        (b)  Percent of Class:

                                     5.6%
                                   
        (c)  Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote:

                               840,815

             (ii)  shared power to vote or to direct the vote:

                               0

             (iii) sole power to dispose or to direct the disposition of:
                               
                               1,304,545

             (iv)  shared power to dispose or to direct the disposition of:

                               2,000

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

             While MCM is the beneficial owner of the shares of Common Stock of
             the Company, MCM is the beneficial owner of such stock on
             behalf of numerous clients who have the right to receive and the
             power to direct the receipt of dividends from, or the proceeds of
             the sale of, such Common Stock.  No such client has the right to
             receive or the power to direct the receipt of dividends from, or
             the proceeds from the sale of, more than 5% of the Common Stock.


<PAGE>   5

CUSIP NO. 591520 20 0                    13G                   Page 5 of 5 Pages

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 THE GROUP

             Not Applicable


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 such transaction having
             such 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.

                                        OLD MCM, INC.


                                        By:  /s/ Terry Gardner       
                                        ----------------------------
                                             Terry Gardner                 
Dated: February 14, 1995                Its: Vice President and CFO
       
                      


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