SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)
KAISER VENTURES, INC.
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(NAME OF ISSUER)
COMMON STOCK, PAR VALUE $0.03 PER SHARE
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(TITLE OF CLASS OF SECURITIES)
483088 10 0
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(CUSIP NUMBER OF CLASS OF SECURITIES)
Ronald E. Bitonti, Chairman, Administrative Committee
New Kaiser Voluntary Employees' Beneficiary Association
9810 Sierra Avenue, Suite A
Fontana, CA 92335
(909) 356-3663
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(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE
NOTICES AND COMMUNICATIONS)
June 29, 1998
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(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 [ ]
<PAGE>
CUSIP No. 483088 10 0
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1. Name of Reporting Person New Kaiser Voluntary Employees'
Beneficiary Association
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S.S. or I.R.S. Identification
No. of Above Person 33-0330153
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2. Check the Appropriate Box (a) |_|
if a Member of a Group (b) |_|
(See Instructions)
- --------------------------------------------------------------------------------
3. SEC Use Only
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4. Source of Funds not applicable
(See Instructions)
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5. Check Box 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 California
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Number of 7. Sole Voting Power 3,387,937
Shares -----------------------------------------------------
Beneficially 8. Shared Voting Power
Owned by -----------------------------------------------------
Each 9. Sole Dispositive Power 3,387,937
Reporting -----------------------------------------------------
Person With 10. Shared Dispositive Power
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11. Aggregate Amount Beneficially
Owned by Each Reporting Person 3,387,937
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12. Check Box if the Aggregate Amount
in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
13. Percent of Class Represented
by Amount in Row (11) 3,387,937 divided by 10,535,896 = 32.2%
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14. Type of Reporting Person
(See Instructions) EP
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<PAGE>
ITEM 1. SECURITY & ISSUER
Common stock, par value $.03.
Kaiser Ventures, Inc.
3633 East Inland Empire Blvd.
Suite 850
Ontario, CA 91764
ITEM 2. IDENTITY & BACKGROUND
(a) New Kaiser Voluntary Employees' Beneficiary Association
(b) Suite A
9810 Sierra Avenue
Fontana, CA 92335
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
(f) Organized in California.
ITEM 3. SOURCE & AMOUNT OF FUNDS OR OTHER CONSIDERATION
Not applicable.
ITEM 4. PURPOSE OF TRANSACTION
The Coleridge Group ("Coleridge") has investment authority and has
fiduciary duty with respect to the shares of the Company owned by New Kaiser
Voluntary Employees' Beneficiary Association (the "VEBA"). The VEBA currently
owns 3,387,937 shares of the Company, representing 32.2% of the Company's
outstanding common stock.
Mr. Gary Gibbons, an investment manager and the sole proprietor of
Coleridge, was appointed to the Board of Directors of Kaiser on April 7, 1998.
His continued service on the Board is subject to his election at Kaiser's 1998
Annual Meeting of Shareholders to be held on June 30, 1998. Mr. Gibbons is among
those persons nominated by Kaiser's Board of Directors to stand for election at
the Annual Meeting. The Board has only nominated the number of persons necessary
to fill the available seats on the Board, and there are no persons standing for
election in opposition to the Board's nominees. Directors are elected by a
plurality of the votes cast.
The VEBA, through Coleridge, intends to use its shares of Kaiser to
vote for the election of Mr. Gibbons at the Annual Meeting as well as for the
other individuals nominated to the Board of Directors.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) 3,387,937 (shares of issuer held by New Kaiser Voluntary
Employees' Beneficiary Association) divided by 10,535,896
(issued and outstanding shares of issuer) = 32.2%
(b) 3,387,937.
(c) Not applicable.
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<PAGE>
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER
Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
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.
Dated: June 29, 1998
NEW KAISER VOLUNTARY EMPLOYEES'
BENEFICIARY ASSOCIATION
/s/ Ronald E. Bitonti
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Ronald E. Bitonti, Chairman,
Administrative Committee
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