UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3 )*
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Drew Industries Incorporated
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(Name of Issuer)
Common Stock, par value $0.01 per share**
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(Title of Class of Securities)
26168L 205
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(CUSIP Number)
Leigh J. Abrams, 200 Mamaroneck Avenue, White Plains, N.Y. 10571
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
November 30, 2000
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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 of ss.ss.240.13d-l(b)(3), or 4, 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 ss240.13d-7 for parties to
whom copies should be sent.
*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
disclosures provided in a prior cover page.
The information required on the remained of this cover page shall 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).
**The total number of shares reported herein is 739,226, which constitute
approximately 7.6% of the total number of shares outstanding. All ownership
percentages assume that there are 9,685,629 shares outstanding; including 29,200
shares subject to presently exercisable options, by Reporting Persons.
<PAGE>
SCHEDULE 13D
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CUSIP No. 26168L 205 Page 2 of 19 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
L. Douglas Lippert (1)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |x|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
SC
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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
L. Douglas Lippert is a citizen of the United States.
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7 SOLE VOTING POWER
NUMBER OF 614,721 (1) (2)
SHARES ------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
614,721 (1) (2)
PERSON
------------------------------------------------------------
WITH
10 SHARED DISPOSITIVE POWER
================================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
624,721 (1) (3)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |X|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.4%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 26168L 205 13D Page 3 of 19 Pages
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ATTACHMENT TO SCHEDULE 13D
(1) L. Douglas Lippert is the Reporting Person as Trustee of the following
seven (7)trusts (hereinafter, individually, the "Trust" and,
collectively, the "Trusts"):
(i) L. Douglas Lippert Living Trust, dated June 6, 1989
(ii) Lippert Family Irrevocable Trust f/b/o Jason D. Lippert, dated
December 20, 1986
(iii) Lippert Family Irrevocable Trust f/b/o Joshua E. Lippert, dated
December 20, 1986
(iv) Lippert Family Irrevocable Trust f/b/o Jarod B. Lippert, dated
December 20, 1986
(v) Lippert Family Irrevocable Trust f/b/o Jaime R. Lippert, dated
December 20, 1986
(vi) Lippert Family Irrevocable Trust f/b/o Jayde S. Lippert, dated
December 20, 1986
Includes 614,721 shares held by L. Douglas Lippert as Trustee of Trusts (ii)
through (vi) above, over which Mr. Lippert has sole voting and dispositive
power. Mr. Lippert disclaims beneficial ownership of such shares.
(2) Excludes 40,000 shares subject to an option at $9.3125 per share which is
not exercisable within 60 days, and 10,000 shares subject to such option, as to
which such option is presently exercisable.
(3) Includes 10,000 shares subject to an option at $9.3125, which are presently
exercisable, and excludes 40,000 shares subject to such option, as to which such
option is not exercisable within 60 days
<PAGE>
SCHEDULE 13D
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CUSIP No. 26168L 205 Page 4 of 19 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Dorothy F. Lippert
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(a) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
SC
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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
Dorothy F. Lippert is a citizen of the United States.
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7 SOLE VOTING POWER
NUMBER OF 41,894
SHARES ----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
41,894
REPORTING
----------------------------------------------------------
PERSON
10 SHARED DISPOSITIVE POWER
WITH
================================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
41,894
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
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CUSIP No. 26168L 205 Page 5 of 19 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jason D. Lippert
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
SC
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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
Jason D. Lippert is a citizen of the United States.
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7 SOLE VOTING POWER
NUMBER OF 29,568 (1)
SHARES -------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
29,568 (1)
REPORTING
-------------------------------------------------------
PERSON
10 SHARED DISPOSITIVE POWER
WITH
================================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
39,368 (2)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 26168L 205 13D Page 6 of 19 Pages
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ATTACHMENT TO SCHEDULE 13D
(1) Excludes 9,000 shares subject to an option at $12.125 per share, which is
presently exercisable as to 5,400 shares, and not exercisable within 60
days as to 3,600 shares. Excludes 22,000 subject to an option at $8.8125
per share which is presently exercisable as to 4,400 and not exercisable
within 60 days as to 17,600 shares. Excludes 88,787 shares held in Trust
for Jason D. Lippert, as to which L. Douglas Lippert is the Trustee.
(2) Includes 5,400 shares subject to an option at $12.125 per share, which is
presently exercisable as to such shares; excludes 3,600 shares subject to
such option as to which such option is not exercisable within 60 days;
includes 4,400 shares subject to an option at $8.8125 per share, which is
presently exercisable as to such shares; excludes 17,600 shares subject to
such option as to which such option is not exercisable within 60 days.
Excludes 88,787 shares held in Trust for Jason D. Lippert, as to which L.
Douglas Lippert is the Trustee.
<PAGE>
SCHEDULE 13D
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CUSIP No. 26168L 205 Page 7 of 19 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joshua E. Lippert
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
SC
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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
Joshua Lippert is a citizen of the United States.
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7 SOLE VOTING POWER
NUMBER OF 574 (1)
SHARES ----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
574 (1)
REPORTING
----------------------------------------------------------
PERSON
10 SHARED DISPOSITIVE POWER
WITH
================================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,974 (2)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 26168L 205 13D Page 8 of 19 Pages
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ATTACHMENT TO SCHEDULE 13D
(1) Excludes 9,000 shares subject to an option at $12.125 per share, which is
presently exercisable as to 5,400 shares, and not exercisable within 60
days as to 3,600 shares. Excludes 20,000 shares subject to an option at
$8.8125 per share which is presently exercisable as to 4,000 shares and not
exercisable within 60 days as to 10,000 shares. Excludes 131,053 shares
held in Trust for Joshua E. Lippert, as to which L. Douglas Lippert is the
Trustee.
(2) Includes 5,400 shares subject to an option at $12.125 per share which is
presently exercisable as to such shares; excludes 3,600 shares subject to
such option as to which such option is not exercisable within 60 days.
Includes 4,000 shares subject to an option at $8.8125 per share which is
presently exercisable as to such shares; excludes 16,000 shares as to which
such option is not exercisable within 60 days. Excludes 131,053 shares held
in Trust for Joshua E. Lippert, as to which L. Douglas Lippert is the
Trustee.
<PAGE>
CUSIP No. 26168L 205 13D Page 9 of 19 Pages
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ATTACHMENT TO SCHEDULE 13D
The Reporting Persons are filing this single joint Schedule 13D because
they may be deemed to constitute a "group" within the meaning of Section
13(d)(3) of the Securities and Exchange Act of 1934, as amended (the "Act"),
although membership in a "group" is disclaimed and neither the fact of this
filing nor anything contained herein shall be deemed to be an admission by the
Reporting Persons that a "group" exists. Unless otherwise indicated, all defined
terms used herein shall have the same meaning as those set forth in Schedule
13D.
<PAGE>
CUSIP NO. 26168L 205 13D Page 10 of 19 Pages
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ATTACHMENT TO SCHEDULE 13D
Item 1. SECURITY AND ISSUER
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No Change
<PAGE>
CUSIP No. 26168L 205 13D Page 11 of 19 Pages
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ATTACHMENT TO SCHEDULE 13D
Item 2. IDENTITY AND BACKGROUND
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No change
<PAGE>
CUSIP No. 26168L 205 13D Page 12 of 19 Pages
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ATTACHMENT TO SCHEDULE 13D
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
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No Change
<PAGE>
CUSIP No. 26168L 205 13D Page 13 of 19 Pages
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ATTACHMENT TO SCHEDULE 13D
Item 4. PURPOSE OF TRANSACTION
----------------------
No Change
<PAGE>
CUSIP No. 26168L 205 13D Page 14 of 19 Pages
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ATTACHMENT TO SCHEDULE 13D
Item 5. INTEREST IN SECURITIES OF THE ISSUER
Paragraph (a) of Item 5 is hereby partially amended by substituting the
following information relating to L. Douglas Lippert, Jason D. Lippert, Dorothy
F. Lippert, and Joshua E. Lippert.
Because L. Douglas Lippert has sole voting and dispositive power over
624,721 shares including 614,721 as Trustee of the Trusts, and 10,000 shares
subject to presently exercisable options, the aggregate number of shares of
stock owned beneficially by L. Douglas Lippert pursuant to Rule 13d-3 is
624,721, constituting approximately 6.4% of the Issuer's outstanding shares of
Common Stock.
Because of Jason D. Lippert's sole ownership of 39,368 shares,
including 9,800 shares pursuant to a presently exercisable options, the
aggregate number of shares of stock owned beneficially by Jason D. Lippert
pursuant to Rule 13d-3 is 39,368, constituting approximately 0.4% of the
Issuer's outstanding shares of Common Stock.
Because of Dorothy F. Lippert's sole ownership of 41,894 shares, the
aggregate number of shares of stock owned beneficially by Dorothy F. Lippert
pursuant to Rule 13d-3 is 41,894, constituting approximately 0.4% of the
Issuer's outstanding shares of Common Stock.
Because of Joshua E. Lippert's sole ownership of 9,974 shares,
including 9,400 shares pursuant to presently exercisable options, the aggregate
number of shares of stock owned beneficially by Joshua E. Lippert pursuant to
Rule 13d-3 is 9,974, constituting approximately 0.1% of the Issuer's outstanding
shares of Common Stock.
Paragraph (b)
-------------
See response to Paragraph (a) above.
Paragraph (c)
-------------
Paragraph (c) of Item 5 is hereby partially amended by adding at the
end thereof the following:
Since the filing of Amendment No. 2 to the Schedule 13D dated October
7, 1997, the following transactions in shares of Common Stock were affected by
the Reporting Persons:
<PAGE>
CUSIP No. 26168L 205 13D Page 15 of 19 Pages
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ATTACHMENT TO SCHEDULE 13D
On July 5, 2000, the 53,846 shares of Common Stock held in escrow on
behalf of the L. Douglas Lippert living Trust, pursuant to an Indemnity Escrow
Agreement, were released from escrow and distributed as follows:
NAME NUMBER OF SHARES
---- ----------------
L. Douglas Lippert 33,471
The Trusts, L. Douglas Lippert
as Trustee 7,456
Dorothy F. Lippert 10,048
Jason D. Lippert 576
Joshua E. Lippert 574
Distributed to persons not
Included in this Schedule 13D 1,721
--------
Total Shares Distributed 53,846
========
On July 5, 2000, L. Douglas Lippert gave a gift of 3,075 shares of the
Common Stock to persons not included in this Schedule 13D.
On November 30, 2000, L. Douglas Lippert transferred 1,407,390 shares
of Common Stock to L. Douglas Lippert Flite Trust dated December 10, 1999, the
Northern Trust Company as Trustee. The Trustee has sole voting and dispositive
power with respect to such shares.
Paragraph (d)
-------------
Not applicable.
Paragraph (e)
-------------
Not applicable.
<PAGE>
CUSIP NoO. 26168L 205 13D Page 16 of 19 Pages
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ATTACHMENT TO SCHEDULE 13D
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDING OR RELATIONSHIPS WITH RESPECT TO
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SECURITIES OF THE ISSUER
------------------------
Item 6 is hereby partially amended by adding at the end thereof the
following information:
In July 2000, the Indemnity Escrow was terminated and such shares were
distributed.
<PAGE>
CUSIP No. 26168L 205 13D Page 17 of 19 Pages
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ATTACHMENT TO SCHEDULE 13D
Item 7. Exhibits
--------
No change
<PAGE>
CUSIP No. 26168L 205 13D Page 18 of 19 Pages
--------------------
ATTACHMENT TO SCHEDULE 13D
After reasonable inquiry and to the best of the knowledge and belief of
each of the undersigned, each such person certifies that the information set
forth in this statement with respect to such person is true, complete and
correct.
Dated: December 4, 2000
/s/ L. DOUGLAS LIPPERT
--------------------------------------
L. Douglas Lippert, as Trustee of:
The L. Douglas Lippert Living Trust, dated June 6,
1989;
The Lippert Family Irrevocable Trust f/b/o Jason
D. Lippert, dated December 20, 1986;
The Lippert Family Irrevocable Trust f/b/o Joshua
E. Lippert, dated December 20, 1986;
The Lippert Family Irrevocable Trust f/b/o Jarod
B. Lippert, dated December 20, 1986;
The Lippert Family Irrevocable Trust f/b/o Jaime
R. Lippert, dated December 20, 1986;
The Lippert Family Irrevocable Trust f/b/o Jayde
S. Lippert, dated December 20, 1986; and
as Attorney-in-fact for:
Lawrence C. Lippert (1)
Dorothy F. Lippert (1)
Jason D. Lippert (1)
Joshua Lippert (2)
--------------------
(1) The Power of Attorney authorizing L. Douglas Lippert to act on behalf of
such persons is incorporated by reference to Exhibit D of the Schedule
13D dated October 16, 1997, relating to Common Stock of Drew Industries
Incorporated.
(2) The Power of Attorney authorizing L. Douglas Lippert to act on behalf of
such persons is incorporated by reference to Exhibit D-1 of amendment 1
to the Schedule 13D dated October 16, 1997, relating to Common Stock of
Drew Industries Incorporated.
<PAGE>
CUSIP No. 26168L 205 13D Page 19 of 19 Pages
--------------------
ATTACHMENT TO SCHEDULE 13D
EXHIBIT E
Pursuant to Rule 13d-1(f)(1)(iii) of Regulation 13D-G of the General
Rules and Regulations of the Securities and Exchange Commission under the
Securities and Exchange Act of 1934, as amended, the undersigned agree that the
statement to which this Exhibit is attached is filed on behalf of each of them
in the capacities as set forth herein below.
Dated: December 4, 2000
/s/ L. DOUGLAS LIPPERT
----------------------
L. Douglas Lippert, as Trustee of:
The L. Douglas Lippert Living Trust, dated June 6,
1989;
The Lippert Family Irrevocable Trust f/b/o Jason
D. Lippert, dated December 20, 1986;
The Lippert Family Irrevocable Trust f/b/o Joshua
E. Lippert, dated December 20, 1986;
The Lippert Family Irrevocable Trust f/b/o Jarod
B. Lippert, dated December 20, 1986;
The Lippert Family Irrevocable Trust f/b/o Jaime
R. Lippert, dated December 20, 1986;
The Lippert Family Irrevocable Trust f/b/o Jade S.
Lippert, dated December 20, 1986; and
as Attorney-in-fact for:
Lawrence C. Lippert (1)
Dorothy F. Lippert (1)
Jason D. Lippert (1)
Joshua Lippert (2)
---------------------
(1) The Power of Attorney authorizing L. Douglas Lippert to act on behalf of
such persons is incorporated by reference to Exhibit D of the Schedule
13D dated October 16, 1997, relating to Common Stock of Drew Industries
Incorporated.
(2) The Power of Attorney authorizing L. Douglas Lippert to act on behalf of
such persons is attached hereto a Exhibit D-1 of amendment 1 to the
Schedule 13D dated October 16, 1997, relating to Common Stock of Drew
Industries Incorporated.
