================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)
----------
AVIALL, INC.
(Name of Issuer)
Common Stock, $.01 par value per share 05366B102
(Title of class of securities) (CUSIP number)
David E. Zeltner, Esq.
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, New York 10153
(212) 310-8000
(Name, address and telephone number of person authorized
to receive notices and communications)
December 29, 1999
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7 for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 21 pages)
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NY2:\861753\02
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP No. 05366B102 13D Page 2 of 21 Pages
- ----------------------------------------------------------- --------------------------------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON NOLAN ACQUISITION PARTNERS
S.S. OR I.R.S. IDENTIFICATION NO. 75-2787642
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Texas
- ---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
0
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- ---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
2
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP No. 05366B102 13D Page 3 of 21 Pages
- ----------------------------------------------------------- --------------------------------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON NOLAN ACQUISITION GROUP, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. 75-2786370
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- ---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 726,450
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 726,450
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
726,450
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- ---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
3
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP No. 05366B102 13D Page 4 of 21 Pages
- ----------------------------------------------------------- --------------------------------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON KINCAID CAPITAL GROUP,
S.S. OR I.R.S. IDENTIFICATION NO. a Texas corporation
OF ABOVE PERSON 75-2779494
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Texas
- ---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 726,450
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 726,450
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
726,450
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
4
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP No. 05366B102 13D Page 5 of 21 Pages
- ----------------------------------------------------------- --------------------------------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON THOMAS R. KINCAID
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
- ---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 726,450
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 726,450
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
726,450
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
5
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP No. 05366B102 13D Page 6 of 21 Pages
- ----------------------------------------------------------- --------------------------------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON DAN KOMNENOVICH
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
- ---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 726,450
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 726,450
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
726,450
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
6
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP No. 05366B102 13D Page 7 of 21 Pages
- ----------------------------------------------------------- --------------------------------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON RICHARD JONES
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
- ---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 726,450
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 726,450
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
726,450
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
7
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP No. 05366B102 13D Page 8 of 21 Pages
- ----------------------------------------------------------- --------------------------------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON CONESE CAPITAL, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. 58-2423275
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- ---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 726,450
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 726,450
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
726,450
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- ---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
8
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP No. 05366B102 13D Page 9 of 21 Pages
- ----------------------------------------------------------- --------------------------------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON CONESE FAMILY PARTNERSHIP
(NEVADA), L.P.
S.S. OR I.R.S. IDENTIFICATION NO. 88-0381099
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Nevada
- ---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 726,450
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 726,450
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
726,450
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- ---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
9
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP No. 05366B102 13D Page 10 of 21 Pages
- ----------------------------------------------------------- --------------------------------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON CONESE GENERAL PARTNER
(NEVADA), INC.
S.S. OR I.R.S. IDENTIFICATION NO. 88-0381098
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Nevada
- ---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 726,450
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 726,450
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
726,450
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
10
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP No. 05366B102 13D Page 11 of 21 Pages
- ----------------------------------------------------------- --------------------------------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON EUGENE P. CONESE, SR.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
- ---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 726,450
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 726,450
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
726,450
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
11
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP No. 05366B102 13D Page 12 of 21 Pages
- ----------------------------------------------------------- --------------------------------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON AEROGROUP I, LTD. CO.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: AF
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Georgia
- ---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 136,429
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 136,429
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
136,429
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.8%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- ---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
12
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP No. 05366B102 13D Page 13 of 21 Pages
- ----------------------------------------------------------- --------------------------------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON AEROEQUITY, INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: AF
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Florida
- ---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 136,429
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 136,429
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
136,429
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.8%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
13
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP No. 05366B102 13D Page 14 of 21 Pages
- ----------------------------------------------------------- --------------------------------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON BRIAN H. ROWE
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
- ---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 136,429
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 136,429
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
136,429
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.8%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
14
<PAGE>
This Amendment No. 10 ("Amendment No. 10") amends the Statement on
Schedule 13D (the "Schedule 13D") filed on November 9, 1998, as amended by
Amendment No. 1 filed on December 5, 1998, Amendment No. 2 filed on January 22,
1999, Amendment No. 3 filed on February 2, 1999, Amendment No. 4 filed on March
2, 1999, Amendment No. 5 filed on March 12, 1999, Amendment No. 6 filed on
August 18, 1999, Amendment No. 7 filed on September 2, 1999, Amendment No. 8
filed on September 27, 1999 and Amendment No. 9 filed on October 20, 1999 by and
on behalf of the following persons (collectively, the "Original Reporting
Persons"): Nolan Acquisition Partners, a Texas general partnership ("NAP"),
Nolan Acquisition Group, L.P., a Delaware limited partnership ("NAG"), Kincaid
Capital Group, a Texas Corporation ("Kincaid Capital"), Thomas R. Kincaid
("Kincaid"), Richard Jones ("Jones"), Dan Komnenovich ("Komnenovich"), Conese
Capital, L.L.C., a Delaware limited liability company ("CCL"), Conese Family
Partnership (Nevada), L.P., a Nevada limited partnership ("CFP"), Conese General
Partner (Nevada), Inc., a Nevada corporation ("CGN") and Eugene P. Conese, Sr.
("Conese, Sr."). Amendment No. 5 also added AeroGroup I, Ltd. Co., a Georgia
limited liability company ("AeroGroup"), AeroEquity, Inc. a Florida corporation
("AeroEquity") and Brian H. Rowe ("Rowe" and, collectively with AeroGroup and
AeroEquity, the "Rowe Group") as reporting persons (the Rowe Group, together
with the Original Reporting Persons, being referred to collectively as the
"Reporting Persons"). Except as otherwise indicated, capitalized terms used
herein and not defined herein have the meanings ascribed thereto in the Schedule
13D. As used herein, the "Company" or the "Issuer" shall mean Aviall, Inc.
ITEM 2. IDENTITY AND BACKGROUND.
The parties to the NAP General Partnership Agreement, pursuant to its
terms, agreed to terminate and dissolve NAP effective December 29, 1999 (the
"NAP Termination Agreement"). In connection therewith, NAP also delivered notice
to AeroEquity, Inc., terminating the NAP/AeroEquity Agreement pursuant to its
terms effective December 29, 1999 (the "AeroEquity Termination Letter"). A copy
of the NAP Termination Agreement and the AeroEquity Termination Letter are each
filed as Exhibits hereto and incorporated herein by reference.
Except as indicated above, the information set forth in Item 2 of the
Schedule 13D remains the same.
ITEM 4. PURPOSE OF TRANSACTION.
As a result of the termination and dissolution of NAP and the
termination of the NAP/AeroEquity Agreement, each of the parties to these
agreements is free to pursue its own independent investment objectives with
respect to holding, voting, acquiring or disposing of shares of Common Stock. In
this regard, because such parties should no longer be deemed to constitute a
"group," for purposes of the Issuer's "poison pill" rights plan, the level of
any party's beneficial ownership of Common Stock should not be attributable to
any other such party under such plan.
15
<PAGE>
The Reporting Persons may from time to time (i) acquire additional
Common Stock (subject to availability at prices deemed favorable) in the open
market, in privately negotiated transactions or otherwise, or (ii) dispose of
Common Stock at prices deemed favorable in the open market, in privately
negotiated transactions or otherwise.
Except as set forth above, the Reporting Persons have no plans or
proposals that would result in or relate to any of the matters set forth in
subparagraphs (a) though (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of the date of this Statement, the Reporting Persons
beneficially owned an aggregate of 1,589,329 shares of Common Stock,
constituting approximately 8.7% of the issued and outstanding shares of Common
Stock of the Issuer (the percentage of shares owned being based upon 18,271,576
shares outstanding on November 5, 1999, as set forth in the Company's quarterly
report on Form 10-Q for the fiscal quarter ended September 30, 1999). NAG may be
deemed to have direct beneficial ownership of 726,450 shares of Common Stock and
CCL may be deemed to have direct ownership of 726,450 shares of Common Stock. As
more fully described in item (b) below: (i) each of Kincaid Capital, Kincaid,
Jones and Komnenovich (collectively, the "Kincaid Stockholders") may be deemed
to be a beneficial owner of such shares of Common Stock beneficially owned
directly by NAG and (ii) each of CFP, CGN and Conese, Sr. (collectively, the
"Conese Stockholders") may be deemed to be a beneficial owner of such shares of
Common Stock beneficially owned directly by CCL. AeroGroup may be deemed to have
direct beneficial ownership of 136,429 shares of Common Stock. As more fully
described in item (b) below, each of AeroEquity and Rowe may be deemed to be a
beneficial owner of such shares of Common Stock beneficially owned directly by
AeroGroup.
The Kincaid Stockholders and the Conese Stockholders disclaim
beneficial ownership of the shares of Common Stock that may be deemed to be
beneficially owned by the Rowe Group; the Rowe Group disclaims beneficial
ownership of the shares of Common Stock that may be deemed to be beneficially
owned by the Kincaid Stockholders or the Conese Stockholders; the Kincaid
Stockholders disclaim beneficial ownership of the shares of Common Stock that
may be deemed to be beneficially owned by the Conese Stockholders; and the
Conese Stockholders disclaim beneficial ownership of the shares of Common Stock
that may be deemed to be beneficially owned by the Kincaid Stockholders.
(b) Kincaid Capital, as General Partner of NAG, may be deemed to own
beneficially (as that term is defined in Rule 13d-3 under the Exchange Act
("Rule 13d-3")) shares of Common Stock that NAG may be deemed to beneficially
own. Each of Kincaid, Jones and Komnenovich, as officers, directors and
stockholders of Kincaid Capital, may be deemed to beneficially own shares of
Common Stock that Kincaid Capital may be deemed to beneficially own. Each of
Messrs. Kincaid, Jones and Komnenovich disclaims beneficial ownership of such
shares of Common Stock for all other purposes.
16
<PAGE>
CFP, the sole member of CCL, may be deemed to own beneficially (as that
term is defined in Rule 13d-3) shares of Common Stock that CCL may be deemed to
beneficially own. CGN, as the General Partner of CFP, may be deemed to own
beneficially shares of Common Stock that CFP may be deemed to beneficially own.
Conese, Sr., as the sole stockholder of CGN, may be deemed to beneficially own
shares of Common Stock that CGN may be deemed to beneficially own. Mr. Conese,
Sr. disclaims beneficial ownership of such shares of Common Stock for all other
purposes.
AeroEquity, as the sole member of AeroGroup, may be deemed to
beneficially own (as that term is defined in Rule 13d-3) shares of Common Stock
of which AeroGroup may be deemed to possess direct beneficial ownership. Rowe,
as controlling shareholder, a director and President of AeroEquity, may be
deemed to beneficially own shares of Common Stock beneficially owned by
AeroEquity. Each of AeroEquity and Mr. Rowe disclaims beneficial ownership of
the shares of Common Stock owned by AeroGroup for all other purposes.
(c) On December 29, 1999 NAP transferred beneficial ownership of
726,450 shares of Common Stock to NAG and 726,450 shares of Common Stock to CCL
in connection with the dissolution and liquidation of NAP.
(d) No other person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, the
shares of Common Stock.
(e) As of December 29, 1999, each of the Reporting Persons ceased to be
the beneficial owner of more than five percent of the Issuer's Common Stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
The termination and dissolution of NAP and the termination of the
NAP/AeroEquity Agreement terminates any and all contracts, arrangements,
understandings or relationships between or among the partners of NAP or between
NAP and AeroEquity regarding the holding, voting or disposition of any
securities of the Issuer.
As a result of the events described in this Amendment No. 10, as of
December 29, 1999 the Rowe Group and each of the partners in NAP each
beneficially owned less than five percent of the outstanding Common Stock.
Except as described above or as previously disclosed in the Schedule
13D, the Reporting Persons have no contracts, arrangements, understandings or
relationships with respect to the securities of the Issuer.
17
<PAGE>
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 16: Termination Agreement, dated as of December 29, 1999, by and
between Nolan Acquisition Group, L.P. and Conese Capital, L.L.C.
Exhibit 17: Letter, dated December 29, 1999, from NAP to AeroEquity.
18
<PAGE>
SIGNATURE
The undersigned, after reasonable inquiry and to the best of their knowledge and
belief, certify that the information set forth in this Statement is true,
complete and correct.
Dated: December 29, 1999 NOLAN ACQUISITION PARTNERS
By: Nolan Acquisition Group, L.P.,
its Managing General Partner
By: Kincaid Capital Group, a
Texas corporation, its General
Partner
By: /s/ Richard Jones
-----------------------------
Print Name: Richard Jones
Title: Senior Vice President
NOLAN ACQUISITION GROUP, L.P.
By: Kincaid Capital Group, a Texas
corporation, its General Partner
By: /s/ Richard Jones
-------------------------------------
Print Name: Richard Jones
Title: Senior Vice President
KINCAID CAPITAL GROUP, a Texas corporation
By: /s/ Richard Jones
-----------------------------------------------
Print Name: Richard Jones
Title: Senior Vice President
/s/ Thomas R. Kincaid
----------------------------------------------------
Thomas R. Kincaid
/s/ Richard Jones
----------------------------------------------------
Richard Jones
/s/ Dan Komnenovich
----------------------------------------------------
Dan Komnenovich
19
<PAGE>
CONESE CAPITAL, L.L.C.
By: Conese Family Partnership
(Nevada), L.P., its sole member
By: Conese General Partner (Nevada), Inc.,
its General Partner
By: /s/ Eugene P. Conese, Jr.
-----------------------------------
Print Name: Eugene P. Conese, Jr.
Title: Vice President
CONESE FAMILY PARTNERSHIP (NEVADA), L.P.
By: Conese General Partner (Nevada), Inc., its
General Partner
By: /s/ Eugene P. Conese, Jr.
-----------------------------------
Print Name: Eugene P. Conese, Jr.
Title: Vice President
CONESE GENERAL PARTNER (NEVADA), INC.
By: /s/ Eugene P. Conese, Jr.
----------------------------------------------
Print Name: Eugene P. Conese, Jr.
Title: Vice President
/s/ Eugene P. Conese, Sr.
---------------------------------------------------
Eugene P. Conese, Sr.
20
<PAGE>
AEROEQUITY, INC.
By: /s/ Brian H. Rowe
----------------------------------------------
Print Name: Brian H. Rowe
Title: Chairman and President
AEROGROUP I, LTD. CO.
By: AeroEquity, Inc., its sole member
By: /s/ Brian H. Rowe
-------------------------------------------
Print Name: Brian H. Rowe
Title: Chairman and President
/s/ Brian H. Rowe
----------------------------------------------------
Brian H. Rowe
21
<PAGE>
EXHIBIT INDEX
Exhibit 16: Termination Agreement, dated as of December 29, 1999, by and
between Nolan Acquisition Group, L.P. and Conese Capital, L.L.C.
Exhibit 17: Letter, dated December 29, 1999, from NAP to AeroEquity.
EXHIBIT 16
----------
NOLAN ACQUISITION PARTNERS
TERMINATION AGREEMENT
THIS TERMINATION AGREEMENT (this "Agreement") of Nolan Acquisition
Partners (the "Partnership") is made as of December 29, 1999, by and between
Nolan Acquisition Group, L.P., a Delaware limited partnership and Conese
Capital, L.L.C., a Delaware limited liability company (together, the
"Partners").
R E C I T A L S
---------------
WHEREAS, the Partners are all of the partners of the Partnership; and
WHEREAS, the Partners believe that it is in their best interests to
terminate and dissolve the Partnership so that each of them will be free to
pursue its own investment, tax and other objectives and purposes with respect to
their respective investments in the securities of Aviall, Inc., a Delaware
corporation.
NOW THEREFORE, in consideration of the mutual covenants set forth in
this Agreement, the parties hereto hereby agree terminate and dissolve the
Partnership upon the following terms and conditions and in accordance with the
terms of the General Partnership Agreement, dated as of October 20, 1998,
between the Partners (the "Partnership Agreement"), that formed the Partnership.
A G R E E M E N T
-----------------
SECTION 1 NOTICE. The parties hereto agree that this Agreement shall
serve as the written notice referred to in Section 9.1(d) of the Partnership
Agreement that shall cause a dissolution of the Partnership.
SECTION 2 DISSOLUTION. The termination and dissolution of the
Partnership shall occur as of the close of business on December 29, 1999.
SECTION 3 PARTNERSHIP AGREEMENT GOVERNS. The terms and conditions of
the Partnership Agreement, including, without limitation, such terms as may
govern the dissolution and winding up of the Partnership, shall be unchanged
except as provided in this Agreement.
NY2:\861590\01
<PAGE>
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of
the date first above written.
NOLAN ACQUISITION GROUP, L.P. CONESE CAPITAL, L.L.C.
By: KINCAID CAPITAL GROUP, By: CONESE FAMILY PARTNERSHIP -
a Texas Corporation, its general NEVADA, L.P., its Managing
partner Member
By: CONESE GENERAL PARTNER
(Nevada), INC., its general
partner
By /s/ Thomas R. Kincaid By /s/ Eugene P. Conese, Jr.
---------------------------- ----------------------------
Thomas R. Kincaid Eugene P. Conese, Jr.
President Vice President
2
EXHIBIT 17
----------
NOLAN ACQUISITION PARTNERS
125 E. JOHN CARPENTER FREEWAY
IRVING, TEXAS 75062
December 29, 1999
AeroEquity, Inc.
c/o Brian H. Rowe
7414 Hodgson Memorial Drive
Savannah, Georgia 31411
Dear Brian:
Reference is made to that letter agreement, dated as of March 11, 1999,
between Nolan Acquisition Partners and AeroEquity, Inc., regarding our
respective interests as stockholders of Aviall, Inc. (the "Letter Agreement").
Pursuant to Paragraph 8 of the Letter Agreement, this letter shall
serve as a notice of termination of the Letter Agreement as provided therein, to
be effective as of December 29, 1999.
Very truly yours,
NOLAN ACQUISITION PARTNERS
By: Nolan Acquisition Group, L.P.,
its Managing General Partner
By: Kincaid Capital Group,
a Texas Corporation,
its General Partner
By: /s/ Thomas R. Kincaid
----------------------------------------
Thomas R. Kincaid
President
NY2:\861598\01
