<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
(RULE 13d-101)
(FINAL AMENDMENT)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2 )(1)
-----
Edac Technologies Corporation
---------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.0025
---------------------------------------------------------------------
(Title of Class of Securities)
279285 10 0
---------------------------------------------------------------------
(CUSIP Number)
Glenn Purple
Edac Technologies Corporation
1790 New Britain Avenue
Farmington, Connecticut 06032
Telephone: 860-677-2603
---------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 31, 1996
---------------------------------------------------------------------
(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-l (b)(3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits, should
be filed with the Commission. See Rule 13d-l (a) for other parties to whom
copies are to be sent.
(Continued on following pages)
(Page 1 of 51 Pages)
- ---------------
(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 disclosures provided in a prior cover page.
The information required on 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 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> 2
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 2 OF 51 PAGES
---------------- --- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
G.I. Keg Company
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 3
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 3 OF 51 PAGES
---------------- --- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Paul E. Couture
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 44,557.9
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
44,557.9
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
44,557.9
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 4
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 4 OF 51 PAGES
---------------- --- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stanislaw Jacunski
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 38,010.9
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
38,010.9
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
38,010.9
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 5
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 5 OF 51 PAGES
---------------- --- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John Malley
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
Not applicable
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 21,955.7
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
21,955.7
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,955.7
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 6
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 6 OF 51 PAGES
---------------- --- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gary Mankus, IRA
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
Not applicable
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 18,193.8
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
18,193.8
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,193.8
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
EP
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 7
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 7 OF 51 PAGES
---------------- --- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joseph P. Hopkins
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED (a) / /
PURSUANT TO ITEMS 2(d) OR 2(e) (b) / /
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 38,594.3
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
38,594.3
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
38,594.3
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 8
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 8 OF 51 PAGES
---------------- --- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert J. Larese
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED (a) / /
PURSUANT TO ITEMS 2(d) OR 2(e) (b) / /
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 42,447.1
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
42,447.1
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,447.1
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 9
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 9 OF 51 PAGES
---------------- --- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joseph P. Lebel
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED (a) / /
PURSUANT TO ITEMS 2(d) OR 2(e) (b) / /
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 39,235.5 (estimate)
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
39,235.5 (estimate)
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
39,235.5 (estimate)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.0% (estimate)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 10
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 10 OF 51 PAGES
---------------- ---- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert P. Luzzi
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED (a) / /
PURSUANT TO ITEMS 2(d) OR 2(e) (b) / /
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 193,143.3
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
193,143.3
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
193,143.3
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 11
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 11 OF 51 PAGES
---------------- ---- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert M. Madey
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED (a) / /
PURSUANT TO ITEMS 2(d) OR 2(e) (b) / /
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 64,655.9
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
64,655.9
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
64,655.9
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 12
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 12 OF 51 PAGES
---------------- ---- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William T. Magri
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED (a) / /
PURSUANT TO ITEMS 2(d) OR 2(e) (b) / /
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 46,560.0
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
46,560.0
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,560.0
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 13
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 13 OF 51 PAGES
---------------- ---- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert T. Whitty
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED (a) / /
PURSUANT TO ITEMS 2(d) OR 2(e) (b) / /
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 36,992.0
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
36,992.0
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
136,922.0 (includes 100,000 in options expiring on January 21, 1997)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 14
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 14 OF 51 PAGES
---------------- ---- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Francis W. Moskey
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED (a) / /
PURSUANT TO ITEMS 2(d) OR 2(e) (b) / /
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 104,698.6
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH None
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
104,698.6
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
104,698.6
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 15
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 15 OF 51 PAGES
---------------- ---- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Glenn Purple
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED (a) / /
PURSUANT TO ITEMS 2(d) OR 2(e) (b) / /
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 41,711.7
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
41,711.7
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
41,711.7
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 16
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 16 OF 51 PAGES
---------------- ---- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gerald C. Smith
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED (a) / /
PURSUANT TO ITEMS 2(d) OR 2(e) (b) / /
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 398,510.8
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
398,510.8
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
398,510.8
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 17
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 17 OF 51 PAGES
---------------- ---- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Emanual N. Stefanakis
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED (a) / /
PURSUANT TO ITEMS 2(d) OR 2(e) (b) / /
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 71,008.6
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
71,008.6
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
71,008.6
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 18
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 18 OF 51 PAGES
---------------- ---- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William R. Wiggins
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED (a) / /
PURSUANT TO ITEMS 2(d) OR 2(e) (b) / /
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 40,571.3
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
40,571.3
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,571.3
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 19
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 19 OF 51 PAGES
---------------- ---- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Zbigniew Matulaniec
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED (a) / /
PURSUANT TO ITEMS 2(d) OR 2(e) (b) / /
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Poland
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 5,091
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
5,091
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,091
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 20
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 20 OF 51 PAGES
---------------- ---- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Walter Cziao
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED (a) / /
PURSUANT TO ITEMS 2(d) OR 2(e) (b) / /
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Poland
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 5,880
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
5,880
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,880
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 21
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 21 OF 51 PAGES
Item 1. Security and Issuer.
Common Stock, par value $.0025
Edac Technologies Corporation
1790 New Britain Avenue
Farmington, CT 06032
Item 2. Identity and Background.
(a) G.I. Keg Company ("Keg") was a Connecticut general partnership
formed for the purpose of acquiring shares of the common stock of Edac
Technologies Corporation ("Stock"). On December 31, 1996, Keg was dissolved.
The Stock formerly held by Keg will be distributed to the former partners of
Keg having a partnership interest in Keg on the date of dissolution. Former
Keg partners William A. Edgar, Zbigniew Matulaniec and Walter Cziao left Keg
prior to Keg's dissolution and, accordingly, will not receive any distribution
of stock formerly held by Keg. All former partners of Keg are identified in
this Item 2. Each former partner of Keg who beneficially owns more than 5% of
Edac's outstanding Stock after the Keg dissolution are filing an initial
Schedule 13D separately from this Final Amendment(2).
(b) The address of Keg's principal business and principal office was:
G.I. Keg Company
1790 New Britain Avenue
Farmington, CT 06032
(c) Not applicable
(d) No
(e) No
(f) Connecticut
The identities and backgrounds of the former general partners of Keg are
as follows:
(a) Paul E. Couture
(b) Business address: 1790 New Britain Avenue
Farmington, CT 06032
- -----------
(2) The former partners of Keg who beneficially own in excess of 5% of Edac's
outstanding Stock after Keg's dissolution are Robert P. Luzzi and Gerald C.
Smith.
<PAGE> 22
CUSIP NO. 279285 10 0 PAGE 22 OF 51 PAGES
SCHEDULE 13D
(c) Manufacturing Engineer
Gros-Ite Industries, a division of Edac Technologies
Corporation (a manufacturer)
1790 New Britain Avenue
Farmington, CT 06032
(d) No
(e) No
(f) United States
(a) Stanislaw Jacunski(3)
(b) Business address: 1790 New Britain Avenue
Farmington, CT 06032
(c) Estimator
Gros-Ite Industries, a division of Edac
Technologies Corporation (a manufacturer)
1790 New Britain Avenue
Farmington, CT 06032
(d) No
(e) No
(f) United States
(a) John Malley(4)
(b) Business address: 1790 New Britain Avenue
Farmington, CT 06032
(c) Spindle Foreman
Gros-Ite Industries, a division of Edac
Technologies Corporation (a manufacturer)
1790 New Britain Avenue
Farmington, CT 06032
- -------------
(3) Stanislaw Jacunski became a partner of Keg on May 30, 1996 when he acquired
the partnership interest previously owned by Walter Cziao.
(4) John Malley became a partner of Keg on July 19, 1996 when he acquired
one-half of the partnership interest previously owned by William A. Edgar.
<PAGE> 23
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 23 OF 51 PAGES
(d) No
(e) No
(f) United States
(a) Gary Mankus, IRA(5)
(b) Not applicable
(c) Not applicable
(d) No
(e) No
(f) Connecticut
(a) Joseph P. Hopkins
(b) Business address: 1790 New Britain Avenue
Farmington, CT 06032
(c) Sales Manufacturing
Gros-Ite Industries, a division of Edac
Technologies Corporation (a manufacturer)
1790 New Britain Avenue
Farmington, CT 06032
(d) No
(e) No
(f) United States
(a) Robert J. Larese
(b) Business address: 1790 New Britain Avenue
Farmington, CT 06032
(c) Tool Design Group Leader
Gros-Ite Industries, a division of Edac
Technologies Corporation (a manufacturer)
1790 New Britain Avenue
Farmington, CT 06032
(d) No
(e) No
(f) United States
(a) Joseph P. Lebel
(b) Residence address: 6 Smith Street
Terryville, CT 06780
- -------------
(5) Gary Mankus, IRA became a partner of Keg on August 14, 1996 when it acquired
one-half of the partnership interest previously owned by William A. Edgar.
<PAGE> 24
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 24 OF 51 PAGES
(c) Retired
(d) No
(e) No
(f) United States
(a) Robert P. Luzzi
(b) Business address: 1790 New Britain Avenue
Farmington, CT 06032
(c) Consultant
Gros-Ite Industries, a division of Edac
Technologies Corporation (a manufacturer)
1790 New Britain Avenue
Farmington, CT 06032
(d) No
(e) No
(f) United States
(a) Robert M. Madey
(b) Residence address: 80 Meadow Street
Newington, CT 06111
(c) Retired
(d) No
(e) No
(f) United States
(a) William T. Magri
(b) Business address: 1790 New Britain Avenue
Farmington, CT 06032
(c) Tool Design Assistant Supervisor
Gros-Ite Industries, a division of Edac
Technologies Corporation (a manufacturer)
1790 New Britain Avenue
Farmington, CT 06032
(d) No
(e) No
(f) United States
(a) Robert T. Whitty
(b) Residence address: 36 Old Mill Road
Avon, CT 06001
(c) Not currently employed
<PAGE> 25
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 25 OF 51 PAGES
(c) Not currently employed
(d) No
(e) No
(f) United States
(a) Francis W. Moskey
(b) Business address: 1790 New Britain Avenue
Farmington, CT 06032
(c) Vice President and General Manager
Gros-Ite Industries, a division of Edac
Technologies Corporation (a manufacturer)
1790 New Britain Avenue
Farmington, CT 06032
(d) No
(e) No
(f) United States
(a) Glenn Purple
(b) Business address: 1790 New Britain Avenue
Farmington, CT 06032
(c) Controller
Gros-Ite Industries, a division of Edac
Technologies Corporation (a manufacturer)
1790 New Britain Avenue
Farmington, CT 06032
(d) No
(e) No
(f) United States
(a) Gerald C. Smith
(b) Business address: 63 Castleman Drive
Southington, CT 06489
(c) Retired
(d) No
(e) No
(f) United States
(a) Emanual N. Stefanakis
(b) Business address: 1790 New Britain Avenue
Farmington, CT 06032
(c) Assistant General Manager
<PAGE> 26
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 26 OF 51 PAGES
Gros-Ite Industries, a division of Edac
Technologies Corporation (a manufacturer)
1790 New Britain Avenue
Farmington, CT 06032
(d) No
(e) No
(f) United States
(a) William R. Wiggins
(b) Business address: 1790 New Britain Avenue
Farmington, CT 06032
(c) Design Manager
Gros-Ite Industries, a division of Edac
Technologies Corporation (a manufacturer)
1790 New Britain Avenue
Farmington, CT 06032
(d) No
(e) No
(f) United States
(a) William A. Edgar (Deceased)(6)
(b) Not applicable
(c) Not applicable
(d) Not applicable
(e) Not applicable
(f) Not applicable
(a) Zbigniew Matulaniec(7)
(b) Residence Address: 193 Lamentation Drive
Berlin, CT 06037
(c) Retired
(d) No
(e) No
(f) Poland
(a) Walter Cziao(8)
- ----------------------
(6) William A. Edgar died in March 1996.
(7) On May 22, 1995, Zbigniew Matulaniec transferred his partnership interest in
Keg to Robert T. Whitty. Accordingly, Zbigniew Matulaniec will not receive any
distribution of Stock from Keg.
<PAGE> 27
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 27 OF 51 PAGES
(b) Residence Address: 245 Lamentation Drive
Berlin, CT 06037
(c) Retired
(d) No
(e) No
(f) Poland
Item 3. Source and Amount of Funds or Other Consideration.
Not applicable.
Item 4. Purpose of Transaction.
As a result of the dissolution of Keg, each of the current general
partners of Keg have or will receive shares of Edac Stock formerly held by Keg.
The persons receiving the shares of Stock from Keg by distribution have no
plans or proposals that relate to or could result in any of the actions
specified in clauses (a) through (j) of this Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a) Keg beneficially owns 0 shares of the Stock which represents 0% of the
outstanding Stock as of January 1, 1997.
Paul E. Couture beneficially owns 44,557.9 shares of the outstanding
Stock which represents 1.2% of the Stock as of January 2, 1997.
Stanislaw Jacunski beneficially owns 38,010.9 shares of the
outstanding Stock which represents 1.0% of the Stock as of January 2, 1997.
John Malley beneficially owns 21,955.7 shares of the outstanding Stock
which represents .6% of the Stock as of January 2, 1997.
The Gary Mankus, IRA beneficially owns 18,193.8 shares of the
outstanding Stock which represents .5% of the Stock as of January 2, 1997.
Joseph P. Hopkins beneficially owns 38,594.3 shares of the
outstanding Stock which represents 1.0% of the Stock as of January 2, 1997.
- --------------------------------------------------------------------------------
(8) On May 30, 1996, Walter Cziao transferred his partnership interest in Keg to
Stanislaw Jacunski. Accordingly, Walter Cziao will not receive any
distribution of Stock from Keg.
<PAGE> 28
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 28 OF 51 PAGES
Robert J. Larese beneficially owns 42,447.1 shares of the outstanding
Stock which represents 1.1% of the Stock as of January 2, 1997.
Joseph P. Lebel beneficially owns 39,235.5 shares of the outstanding Stock
which represents 1.0% of the Stock as of January 2, 1997 (estimate).
Robert R. Luzzi beneficially owns 193,143.3 shares of the outstanding
Stock which represents 5.1% of the Stock as of January 2, 1997.
Robert M. Madey beneficially owns 64,655.9 shares of the outstanding Stock
which represents 1.7% of the Stock as of January 2, 1997.
William T. Magri beneficially owns 46,560.0 shares of the outstanding
Stock which represents 1.2% of the Stock as of January 2, 1997.
Robert T. Whitty beneficially owns 36,992.0 shares of the outstanding
Stock which represents 3.6% of the Stock as of January 2, 1997.
Francis W. Moskey beneficially owns 104,698.6 shares of the outstanding
Stock which represents 2.8% of the Stock as of January 2, 1997.
Glenn Purple beneficially owns 41,711.7 shares of the outstanding Stock
which represents 1.1% of the Stock as of January 2, 1997.
Gerald C. Smith beneficially owns 398,510.8 shares of the outstanding
Stock which represents 10.6% of the Stock as of January 2, 1997.
Emanual N. Stefanakis beneficially owns 71,008.6 shares of the outstanding
Stock which represents 1.9% of the Stock as of January 2, 1997.
William R. Wiggins beneficially owns 40,571.3 shares of the outstanding
Stock which represents 1.1% of the Stock as of January 2, 1997.
William A. Edgar beneficially owns 0 shares of the outstanding Stock
representing 0% of the Stock as of January 2, 1997.
Zbigniew Matulaniec beneficially owns 5091 shares of the outstanding Stock
which represents .1% of the Stock as of January 2, 1997.
Walter Cziao beneficially owns 5880 shares of the outstanding Stock which
represents .1% of the Stock as of January 2, 1997.
<PAGE> 29
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 29 OF 51 PAGES
(b) G.I. Keg Company--
Sole voting power: 0
Shared voting power: 0
Sole dispositive power: 0
Shared dispositive power: 0
Paul E. Couture--
Sole voting power: 44,557.9
Shared voting power: 0
Sole dispositive power: 44,557.9
Shared dispositive power: 0
Stanislaw Jacunski--
Sole voting power: 38,010.9
Shared voting power: 0
Sole dispositive power: 38,010.9
Shared dispositive power: 0
John Malley--
Sole voting power: 21,955.7
Shared voting power: 0
Sole dispositive power: 21,955.7
Shared dispositive power: 0
Gary Mankus, IRA--
Sole voting power: 18,193.8
Shared voting power: 0
Sole dispositive power: 18,193.8
Shared dispositive power: 0
Joseph P. Hopkins--
Sole voting power: 38,594.3
Shared voting power: 0
Sole dispositive power: 38,594.3
Shared dispositive power: 0
Robert J. Larese--
<PAGE> 30
CUSIP NO. 279285 10 0 PAGE 30 OF 51 PAGES
SCHEDULE 13D
Sole voting power: 42,447.1
Shared voting power: 0
Sole dispositive power: 42,447.1
Shared dispositive power: 0
Joseph P. Lebel--
Sole voting power: 39,235.5 (estimate)
Shared voting power: 0
Sole dispositive power: 39,235.5 (estimate)
Shared dispositive power: 0
Robert P. Luzzi--
Sole voting power: 193,143.3
Shared voting power: 0
Sole dispositive power: 193,143.3
Shared dispositive power: 0
Robert M. Madey--
Sole voting power: 64,655.9
Shared voting power: 0
Sole dispositive power: 64,655.9
Shared dispositive power: 0
William T. Magri--
Sole voting power: 46,560.0
Shared voting power: 0
Sole dispositive power: 46,560.0
Shared dispositive power: 0
Robert T. Whitty--
Sole voting power: 36,992.0
Shared voting power: 0
Sole dispositive power: 36,992.0
Shared dispositive power: 0
Francis W. Moskey--
Sole voting power: 104,698.6
Shared voting power: 0
Sole dispositive power: 104,698.6
Shared dispositive power: 0
<PAGE> 31
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 31 OF 51 PAGES
Glenn Purple--
Sole voting power: 41,711.7
Shared voting power: 0
Sole dispositive power: 41,711.7
Shared dispositive power: 0
Gerald C. Smith--
Sole voting power: 398,510.8
Shared voting power: 0
Sole dispositive power: 398,510.8
Shared dispositive power: 0
Emanual N. Stefanakis--
Sole voting power: 71,008.6
Shared voting power: 0
Sole dispositive power: 71,008.6
Shared dispositive power: 0
William R. Wiggins--
Sole voting power: 40,571.3
Shared voting power: 0
Sole dispositive power: 40,571.3
Shared dispositive power: 0
William A. Edgar--
Sole voting power: 0
Shared voting power: 0
Sole dispositive power: 0
Shared dispositive power: 0
Zbigniew Matulaniec--
Sole voting power: 5091
Shared voting power: 0
Sole dispositive power: 5091
Shared dispositive power: 0
Walter Cziao--
Sole voting power: 5880
Shared voting power: 0
Sole dispositive power: 5880
Shared dispositive power: 0
<PAGE> 32
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 32 OF 51 PAGES
(c) Not applicable.
(d) Not applicable.
(e) Keg ceased to be a beneficial owner of any shares of Stock on
December 31, 1996 when Keg dissolved.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
Robert T. Whitty has an option to purchase 2,000 shares of Stock
from Edac and an option to purchase 100,000 shares of Stock from Edac.
Robert P. Luzzi has an option to purchase 2,000 shares of Stock from
Edac.
Glenn Purple has an option to purchase 3,000 shares of Stock from
Edac.
Item 7. Material to be Filed as Exhibits.
Exhibit A: Granting Agreement (between Robert P. Luzzi and Edac).
Exhibit B: Stock Option Agreement (beween Robert T. Whitty and Edac).
Exhibit C: Granting Agreement (between Robert T. Whitty and Edac).
Exhibit D: Granting Agreement (between Glenn Purple and Edac).
<PAGE> 33
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 33 OF 51 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: January 10, 1997
G.I. KEG COMPANY
BY /s/
-------------------------------
Glenn Purple, General Partner
<PAGE> 34
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 34 OF 51 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: January 10, 1997
/s/
---------------------------------
Paul E. Couture
<PAGE> 35
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 35 OF 51 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: January 10, 1997
/s/
---------------------------------
Stanislaw Jacunski
<PAGE> 36
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 36 OF 51 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: January 10, 1997
/s/
---------------------------------
John Malley
<PAGE> 37
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 37 OF 51 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: January 10, 1997
GARY MANKUS, IRA
BY /s/
---------------------------
<PAGE> 38
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 38 OF 51 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: January 10, 1997
/s/
---------------------------------
Joseph P. Hopkins
<PAGE> 39
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 39 OF 51 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: January 10, 1997
/s/
---------------------------------
Robert J. Larese
<PAGE> 40
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 40 OF 51 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: January 10, 1997
/s/
---------------------------------
Joseph P. Lebel
<PAGE> 41
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 41 OF 51 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: January 10, 1997
/s/
---------------------------------
Robert R. Luzzi
<PAGE> 42
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 42 OF 51 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: January 10, 1997
/s/
---------------------------------
Robert M. Madey
<PAGE> 43
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 43 OF 51 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: January 10, 1997
/s/
---------------------------------
William T. Magri
<PAGE> 44
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 44 OF 51 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: January 10, 1997
/s/
---------------------------------
Robert T. Whitty
<PAGE> 45
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 45 OF 51 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: January 10, 1997
/s/
---------------------------------
Francis W. Moskey
<PAGE> 46
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 46 OF 51 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: January 10, 1997
/s/
---------------------------------
Glenn Purple
<PAGE> 47
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 47 OF 51 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: January 10, 1997
/s/
---------------------------------
Gerald C. Smith
<PAGE> 48
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 48 OF 51 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: January 10, 1997
/s/
---------------------------------
Emanual N. Stefanakis
<PAGE> 49
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 49 OF 51 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: January 10, 1997
/s/
---------------------------------
William R. Wiggins
<PAGE> 50
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 50 OF 51 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: January 10, 1997
/s/
---------------------------------
Zbigniew Matulaniec
<PAGE> 51
SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 51 OF 51 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: January 10, 1997
/s/
---------------------------------
Walter Cziao
<PAGE> 52
EXHIBIT A
GRANTING AGREEMENT UNDER THE
EDAC TECHNOLOGIES CORPORATION
1991 STOCK OPTION PLAN
THIS AGREEMENT, dated May 23, 1996, between ROBERT P. LUZZI ("Optionee")
and EDAC TECHNOLOGIES CORPORATION, a Wisconsin corporation (the "Company").
RECITALS
A. The Company has adopted the Company's 1991 Stock Option Plan (the
"Plan"), which was approved by its Board of Directors on December 5, 1991 and
is administered by the Compensation Committee of the Board of Directors (the
"Committee"). A copy of the Plan is attached to this Agreement.
B. The Committee has selected Optionee as a participant in the Plan.
C. Pursuant to the Plan, Optionee and the Company desire to enter into
this Agreement setting forth the terms and conditions of the options granted to
Optionee under the Plan.
AGREEMENTS
The Optionee and the Company agree as follows:
1. Grant of Incentive Stock Option. The Company grants to Optionee the
right and option (hereinafter referred to as the "Option") to purchase all or
any part of up to 2,000 shares of the Company's common stock (the "Option
Shares") on the terms and conditions set forth below.
2. Definitions. Except as otherwise provided, the definitions of the Plan
shall apply to this Agreement.
3. Option Price. The purchase price of the Option Shares shall be $1.375
per share.
4. Exercise of Option. Commencing with a date one year after the date of
this Agreement, Optionee may purchase all of the Option Shares. Optionee's
right to exercise the Option expires on the day prior to the fifth anniversary
of the date of this Agreement (the "Option Period").
<PAGE> 53
5. Lapse of Option. The Option shall lapse on the earlier to occur of the
expiration of the Option Period or at the time specified below:
(a) if Optionee dies while employed by the Company or a subsidiary (or
while serving as a director, agent or consultant) or after termination of
employment by retirement after age 60 or as described in subparagraph (b) and
prior to lapse as specified in such subparagraph, the Option shall lapse at
close of business at the end of the 365th day after the date of death;
(b) if Optionee's employment with the Company or a subsidiary terminates
on account of Permanent Disability (if such Permanent Disability occurs during
such Optionee's engagement as a director, agent or consultant), the Option
shall lapse at close of business at the end of the 90th day after the date of
termination of employment; or
(c) if Optionee's employment with the Company or a subsidiary terminates
in any manner not specified above or if the Optionee's employer ceases to be a
Subsidiary of the Company, or if a director is not reelected as a director
other than at the request of management or such consultant's or agent's
engagement is terminated by Company, the Option shall lapse as described in the
Plan.
6. Nontransferability of Option. Options shall not be transferable other
than by will or the laws of descent and distribution and shall be exercisable,
during the Optionee's lifetime, only by him.
7. Delivery by the Company. As soon as practicable after receipt of all
items referred to in the Plan and any payment required by paragraph 3 of this
Agreement, the Company shall deliver to the Optionee certificates issued in
Optionee's name for the number of Option Shares purchased by exercise of the
Option. If delivery is by mail, delivery of Option Shares shall be deemed
effected when a stock transfer agent of the Company shall have deposited the
certificates in the United States mail, addressed to the Optionee.
8. General Restriction on Transfer of Shares. Unless waived by the
Committee, Optionee may not, during his life or upon his death, sell, transfer,
give, assign, bequeath, pledge or otherwise encumber, or divest himself of
ownership or control of all or any part of the Option Shares which he acquires
under the terms of the Plan and this Agreement, whether voluntarily or by
operation of law, for a period of two years after the date Optionee acquires
the
<PAGE> 54
shares and, in any event, except in accordance with the terms of this
Agreement and such other restrictions as may be imposed from time to time under
the Plan.
9. Legend on Share Certificates. So long as required by applicable law
(in the sole opinion of legal counsel to the Company), each certificate
representing Option Shares issued and outstanding to Optionee shall have
endorsed thereon the following legend:
The transfer of shares of stock represented by this certificate
is restricted by and subject to the terms of an agreement, a copy of
which is on file with the Secretary of Edac Technologies Corporation
and will be furnished to any interested party upon request.
10. Addresses. All notices or statements required to be given to either
party hereto shall be in writing and shall be personally delivered or sent, in
the case of the Company, to its principal business office and, in the case of
Optionee, to his address as shown on the records of the Company or to such
address as Optionee designates in writing. Notice of any change of address
shall be sent to the other party by registered or certified mail. It shall be
conclusively presumed that any notice or statement properly addressed and
mailed bearing the required postage stamps has been delivered to the party to
which it is addressed.
11. Restrictions Imposed by Law. Notwithstanding any other provision of
this Agreement, Optionee agrees that he shall not exercise the Option and that
the Company will not be obligated to deliver any shares of Common Stock or make
any cash payment if counsel to the Company determines that such exercise,
delivery or payment would violate any law or regulation of any governmental
authority or any agreement between the Company and any national securities
exchange upon which the Common Stock is listed. The Company shall in no event
be obliged to take any affirmative action in order to cause the exercise of the
Option or the resulting delivery of shares of Common Stock or other payment to
comply with any law or regulation of any governmental authority.
12. Employment. Nothing in this Agreement or the Plan shall limit the
right of the Company or subsidiary to terminate the Optionee's employment or
otherwise impose any obligation to employ the Optionee.
13. Liability for Taxes. As a condition to issuance of the Option Shares
upon exercise of the Option, Optionee authorized the Company to withhold from
any regular cash compensation payable to him, or, in the event Optionee is no
longer entitled to receive cash compensation from the Company to require
<PAGE> 55
remittance by Optionee to Company of, any taxes required to be withheld by the
Company as under any applicable federal, state or local laws as a result of
Optionee's exercise of the Option.
14. Governing Laws. This Agreement shall be construed, administered and
governed in all respects under and by the laws of the State of Connecticut.
15. Provisions Consistent With Plan. This Agreement shall be construed to
be consistent with the provisions of the Plan. In the event of a conflict
between the provisions of the Plan shall prevail.
--------------------------------------
Robert P. Luzzi
(Social Security No.
---------------
EDAC TECHNOLOGIES CORPORATION
BY /S/
----------------------------------
<PAGE> 56
EXHIBIT B
STOCK OPTION AGREEMENT
THIS AGREEMENT, dated as of January 1, 1994 (the date of grant), is
between ROBERT WHITTY ("Officer") and EDAC TECHNOLOGIES CORPORATION, a
Wisconsin corporation (the "Company").
RECITAL
Company desires to induce Officer to accept and retain employment by
Company and to tie his compensation, in part, to the long-term appreciation of
the value of the Company's common stock.
AGREEMENTS
Officer and the Company agree as follows:
1. Grant of Stock Option. Company grants to Officer the right and option
(hereinafter referred to as the "Option") to purchase all or any part of up to
100,000 shares of the Company's common stock (the "Option Shares") after the
specified dates set forth in the option terms below.
2. Option Price. The purchase price of the Option Shares shall be $0.5625
per share.
3. Option Terms. The Options will become exercisable in the amount of
Shares and on the dates below:
October 1, 1994 25,000 shares
January 1, 1995 25,000 shares
January 1, 1996 25,000 shares
January 1, 1997 25,000 shares
4. Exercise of Option. On each date specified above, Officer may purchase
up to the number of Shares so that the Option will be fully exercisable on and
after January 1, 1997. Officer's right to exercise the Option shall expire
seven years from the date of grant (the "Option Period").
The Option is exercisable by delivering to the Treasurer of the
Company a written notice identifying the Option being exercised and
stating the number of Option Shares being purchased and enclosing payment in
full to the Company of the Option Price for the number of Option Shares being
exercised.
<PAGE> 57
Payment shall be in cash or such other form of consideration as the Company's
Board of Directors may approve.
If the Option is being exercised by any person or persons other than
Officer, the written notice exercising the Option shall be accompanied by
appropriate proof of the right of such person or persons to exercise the
Option.
5. Lapse of Option. The Option shall lapse, prior to the expiration of
the Option Period, at the first to occur of the times specified below:
(a) If Officer dies no further Option shall thereafter become
exercisable and those Options which are exercisable shall lapse at close of
business at the end of one year after the date of death or disability (but in
no event after the expiration of the Option Period).
(b) If the Officer's employment with the Company is terminated after a
Change in Control (as defined in Officer's employment agreement of even date
herewith), the entire Option shall become and remain exercisable in accordance
with its terms until expiration of the Option Period.
(c) If Officer's employment with the Company terminates in any manner
other than that specified in (a) above specified above, the Option shall lapse
immediately upon the effective date of such termination.
6. Nontransferability of Option. Options shall not be transferable other
than by will or the laws of descent and distribution and shall be exercisable,
during Officer's lifetime, only by him.
7. Delivery by the Company. As soon as practicable after exercise of the
Option, the Company shall deliver to the Officer certificate(s) issued in
Officer's name for the number of Shares purchased by exercise of the Option.
If delivery is by mail, delivery of Option Shares shall be deemed effected when
the stock transfer agent of the Company shall have deposited the certificates
in the United States mail, addressed to the Officer.
8. Addresses. All notices or statements required to be given to either
party hereto shall be in writing and shall be personally delivered or sent, in
the case of the Company, to its principal business office and, in the case of
Officer, to his address as shown on the records of the Company or to such
address as Officer designates in writing. Notice of any change of address
shall be sent to the other party by registered or certified mail. It shall be
conclusively presumed
<PAGE> 58
that any notice or statement properly addressed and mailed bearing the required
postage stamps has been delivered to the party to which it is addressed.
9. Restrictions Imposed by Law. Notwithstanding any other provision of
this Agreement, Officer agrees that he shall not exercise the Option or sell
the Option Shares and that the Company will not be obligated to deliver any
shares of Common Stock or permit transfer of the Option Shares if counsel to
the Company determines that such exercise, delivery or sale would violate any
law or regulation of any governmental authority or any agreement between the
Company and any securities exchange upon which the Common Stock is listed. The
Company shall in no event be obliged to take any affirmative action in order to
cause the exercise of the Option or the resulting delivery of shares of Common
Stock or other payment to comply with any law or regulation of any governmental
authority.
10. Legend on Share Certificates. Each certificate representing shares of
the Company issued and outstanding to Officer shall have endorsed thereon the
following legend:
The offer or sale of shares of stock represented by this
certificate has not been registered under the Securities Act of 1933 (the
"Act"), as amended, or any state securities law. The shares of stock
represented by this certificate may not be sold or transferred unless such
transfer is registered under the Act and applicable state securities laws or
unless the transferor delivers to the Company an opinion of counsel (which
opinion and counsel must be acceptable to the Company) that an exemption
from registration under the Act and applicable state securities laws is
available with respect to such transfer.
11. Restricted Securities. Officer acknowledges that:
(a) He has neither been offered any of the Options nor the Option
Shares by any form of general solicitation or advertising nor has he received
any public media advertisements or form of mass mailing solicitation with
respect to the Option or Option Shares and he is not aware of any.
(b) His acquisition of the Options and the Option Shares has been and
will be made for his own account for investment purposes only and not with a
view toward resale or distribution thereof.
<PAGE> 59
(c) The Options and the Option Shares are not registered under the
Securities Act of 1933 or any applicable state securities laws.
(d) The Options and the Option Shares are and will be "restricted
securities" as that term is used in Rule 144 published by the Securities and
Exchange Commission.
(e) He has been furnished with such information about the Company as he
has requested and has had the opportunity to communicate with the officers and
directors of the Company in order to verify the accuracy or supplement the
foregoing information.
(f) By virtue of his position as an employee of the Company and for
other reasons, he has such knowledge and experience in financial and business
matters that he is capable of evaluating the risks and merits of the purchase
of the Option Shares.
12. Conditions upon Issuance of Shares and Transfer Restrictions.
Shares shall not be issued with respect to any Option granted under this
Agreement unless the issuance and delivery of such shares shall comply with all
relevant provisions of law, including, without limitation, the Securities Act
of 1933, as amended, the rules and regulations promulgated thereunder, any
applicable state securities law and the requirements of any stock exchange upon
which shares may then be listed. The inability of the Company to obtain from
any regulatory body or authority deemed by the Company's counsel to be
necessary for the lawful issuance and sale of the shares hereunder shall not
relieve the Company of any liability in respect to the nonissuance or sale of
the shares. As a condition to the exercise of an Option, the Company may
require the person exercising the Option to make such representations and
warranties as may be necessary to assure the availability of an exemption from
the registration requirements of federal or state securities laws.
13. Adjustment Provision. If (a) any recapitalization, reclassification,
split-up or consolidation of the Common Stock of the Company is effected; (b)
the outstanding shares of Common Stock are exchanged in connection with a
merger or consolidation of the Company or a sale of the Company of all or part
of its assets for a different number, a class of shares of stock or other
securities of the Company or for shares of the stock or other securities of any
other corporation; (c) new, different or additional shares or other securities
of the Company or other corporation are received by the holders of Common
Stock; or (d) any distribution is made to the holders of Common Stock other
than a cash dividend; then the Board of Directors of the Company shall make an
appropriate
<PAGE> 60
adjustment to: (x) the number and class of shares or securities that may be
issued or transferred pursuant to the Option; and (y) the purchase price to be
paid per share under outstanding Options.
Upon dissolution or liquidation of the Company or, if the Board of
Directors so determines, upon a merger or consolidation of the Company, this
Agreement, together with any Options granted under this Agreement, shall
terminate upon completion of such dissolution, liquidation, merger or
consolidation.
14. Nonqualified Nature of Option. The Company specifically intends that
this Agreement not be an incentive stock option plan pursuant to code section
422A and that this statement of disqualification is pursuant to the provisions
of the Technical Corrections Act of 1987 and Internal Revenue Service Notes
87-49.
15. Employment. Nothing in this Agreement or the Plan shall limit the
right of the Company or any parent or subsidiary to terminate the Officer's
employment or otherwise impose any obligation to continue the employment of
Officer.
16. Governing Laws. This Agreement shall be construed, administered and
governed in all respects under and by the laws of the State of Connecticut.
EDAC TECHNOLOGIES CORPORATION
BY /S/
------------------------------------------
Its Chairman and Chief Executive Officer
/S/
-------------------------------------------
Officer
<PAGE> 61
EXHIBIT C
GRANTING AGREEMENT UNDER THE
EDAC TECHNOLOGIES CORPORATION
1991 STOCK OPTION PLAN
THIS AGREEMENT, dated May 23, 1996, between ROBERT T. WHITTY ("Optionee")
and EDAC TECHNOLOGIES CORPORATION, a Wisconsin corporation (the "Company").
RECITALS
A. The Company has adopted the Company's 1991 Stock Option Plan (the
"Plan"), which was approved by its Board of Directors on December 5, 1991 and
is administered by the Compensation Committee of the Board of Directors (the
"Committee"). A copy of the Plan is attached to this Agreement.
B. The Committee has selected Optionee as a participant in the Plan.
C. Pursuant to the Plan, Optionee and the Company desire to enter into
this Agreement setting forth the terms and conditions of the options granted to
Optionee under the Plan.
AGREEMENTS
The Optionee and the Company agree as follows:
1. Grant of Incentive Stock Option. The Company grants to Optionee the
right and option (hereinafter referred to as the "Option") to purchase all or
any part of up to 2,000 shares of the Company's common stock (the "Option
Shares") on the terms and conditions set forth below.
2. Definitions. Except as otherwise provided, the definitions of the Plan
shall apply to this Agreement.
3. Option Price. The purchase price of the Option Shares shall be $1.375
per share.
4. Exercise of Option. Commencing with a date one year after the date of
this Agreement, Optionee may purchase all of the Option Shares. Optionee's
right to exercise the Option expires on the day prior to the fifth anniversary
of the date of this Agreement (the "Option Period").
<PAGE> 62
5. Lapse of Option. The Option shall lapse on the earlier to occur of the
expiration of the Option Period or at the time specified below:
(a) if Optionee dies while employed by the Company or a subsidiary (or
while serving as a director, agent or consultant) or after termination of
employment by retirement after age 60 or as described in subparagraph (b) and
prior to lapse as specified in such subparagraph, the Option shall lapse at
close of business at the end of the 365th day after the date of death;
(b) if Optionee's employment with the Company or a subsidiary
terminates on account of Permanent Disability (if such Permanent Disability
occurs during such Optionee's engagement as a director, agent or consultant),
the Option shall lapse at close of business at the end of the 90th day after
the date of termination of employment; or
(c) if Optionee's employment with the Company or a subsidiary
terminates in any manner not specified above or if the Optionee's employer
ceases to be a Subsidiary of the Company, or if a director is not reelected as
a director other than at the request of management or such consultant's or
agent's engagement is terminated by Company, the Option shall lapse as
described in the Plan.
6. Nontransferability of Option. Options shall not be transferable other
than by will or the laws of descent and distribution and shall be exercisable,
during the Optionee's lifetime, only by him.
7. Delivery by the Company. As soon as practicable after receipt of all
items referred to in the Plan and any payment required by paragraph 3 of this
Agreement, the Company shall deliver to the Optionee certificates issued in
Optionee's name for the number of Option Shares purchased by exercise of the
Option. If delivery is by mail, delivery of Option Shares shall be deemed
effected when a stock transfer agent of the Company shall have deposited the
certificates in the United States mail, addressed to the Optionee.
8. General Restriction on Transfer of Shares. Unless waived by the
Committee, Optionee may not, during his life or upon his death, sell, transfer,
give, assign, bequeath, pledge or otherwise encumber, or divest himself of
ownership or control of all or any part of the Option Shares which he acquires
under the terms of the Plan and this Agreement, whether voluntarily or by
operation of law, for a period of two years after the date Optionee acquires
the
<PAGE> 63
shares and, in any event, except in accordance with the terms of this Agreement
and such other restrictions as may be imposed from time to time under the Plan.
9. Legend on Share Certificates. So long as required by applicable law
(in the sole opinion of legal counsel to the Company), each certificate
representing Option Shares issued and outstanding to Optionee shall have
endorsed thereon the following legend:
The transfer of shares of stock represented by this certificate
is restricted by and subject to the terms of an agreement, a copy of
which is on file with the Secretary of Edac Technologies Corporation
and will be furnished to any interested party upon request.
10. Addresses. All notices or statements required to be given to either
party hereto shall be in writing and shall be personally delivered or sent, in
the case of the Company, to its principal business office and, in the case of
Optionee, to his address as shown on the records of the Company or to such
address as Optionee designates in writing. Notice of any change of address
shall be sent to the other party by registered or certified mail. It shall be
conclusively presumed that any notice or statement properly addressed and
mailed bearing the required postage stamps has been delivered to the party to
which it is addressed.
11. Restrictions Imposed by Law. Notwithstanding any other provision of
this Agreement, Optionee agrees that he shall not exercise the Option and that
the Company will not be obligated to deliver any shares of Common Stock or make
any cash payment if counsel to the Company determines that such exercise,
delivery or payment would violate any law or regulation of any governmental
authority or any agreement between the Company and any national securities
exchange upon which the Common Stock is listed. The Company shall in no event
be obliged to take any affirmative action in order to cause the exercise of the
Option or the resulting delivery of shares of Common Stock or other payment to
comply with any law or regulation of any governmental authority.
12. Employment. Nothing in this Agreement or the Plan shall limit the
right of the Company or subsidiary to terminate the Optionee's employment or
otherwise impose any obligation to employ the Optionee.
13. Liability for Taxes. As a condition to issuance of the Option Shares
upon exercise of the Option, Optionee authorized the Company to withhold from
any regular cash compensation payable to him, or, in the event Optionee is no
longer entitled to receive cash compensation from the Company to require
<PAGE> 64
remittance by Optionee to Company of, any taxes required to be withheld by the
Company as under any applicable federal, state or local laws as a result of
Optionee's exercise of the Option.
14. Governing Laws. This Agreement shall be construed, administered and
governed in all respects under and by the laws of the State of Connecticut.
15. Provisions Consistent With Plan. This Agreement shall be construed to
be consistent with the provisions of the Plan. In the event of a conflict
between the provisions of the Plan shall prevail.
--------------------------------------
Robert T. Whitty
(Social Security No.
---------------
EDAC TECHNOLOGIES CORPORATION
BY /S/
--------------------------------------
<PAGE> 65
EXHIBIT D
GRANTING AGREEMENT UNDER THE
EDAC TECHNOLOGIES CORPORATION
1991 STOCK OPTION PLAN
THIS AGREEMENT, dated May 23, 1996, between GLENN L. PURPLE ("Optionee")
and EDAC TECHNOLOGIES CORPORATION, a Wisconsin corporation (the "Company").
RECITALS
A. The Company has adopted the Company's 1991 Stock Option Plan (the
"Plan"), which was approved by its Board of Directors on December 5, 1991 and
is administered by the Compensation Committee of the Board of Directors (the
"Committee"). A copy of the Plan is attached to this Agreement.
B. The Committee has selected Optionee as a participant in the Plan.
C. Pursuant to the Plan, Optionee and the Company desire to enter into
this Agreement setting forth the terms and conditions of the options granted to
Optionee under the Plan.
AGREEMENTS
The Optionee and the Company agree as follows:
1. Grant of Incentive Stock Option. The Company grants to Optionee the
right and option (hereinafter referred to as the "Option") to purchase all or
any part of up to 3,000 shares of the Company's common stock (the "Option
Shares") on the terms and conditions set forth below.
2. Definitions. Except as otherwise provided, the definitions of the Plan
shall apply to this Agreement.
3. Option Price. The purchase price of the Option Shares shall be $1.375
per share.
4. Exercise of Option. Commencing with a date one year after the date of
this Agreement, Optionee may purchase all of the Option Shares. Optionee's
right to exercise the Option expires on the day prior to the fifth anniversary
of the date of this Agreement (the "Option Period").
<PAGE> 66
5. Lapse of Option. The Option shall lapse on the earlier to occur of the
expiration of the Option Period or at the time specified below:
(a) if Optionee dies while employed by the Company or a subsidiary (or
while serving as a director, agent or consultant) or after termination of
employment by retirement after age 60 or as described in subparagraph (b) and
prior to lapse as specified in such subparagraph, the Option shall lapse at
close of business at the end of the 365th day after the date of death;
(b) if Optionee's employment with the Company or a subsidiary
terminates on account of Permanent Disability (if such Permanent Disability
occurs during such Optionee's engagement as a director, agent or consultant),
the Option shall lapse at close of business at the end of the 90th day after
the date of termination of employment; or
(c) if Optionee's employment with the Company or a subsidiary
terminates in any manner not specified above or if the Optionee's employer
ceases to be a Subsidiary of the Company, or if a director is not reelected as
a director other than at the request of management or such consultant's or
agent's engagement is terminated by Company, the Option shall lapse as
described in the Plan.
6. Nontransferability of Option. Options shall not be transferable other
than by will or the laws of descent and distribution and shall be exercisable,
during the Optionee's lifetime, only by him.
7. Delivery by the Company. As soon as practicable after receipt of all
items referred to in the Plan and any payment required by paragraph 3 of this
Agreement, the Company shall deliver to the Optionee certificates issued in
Optionee's name for the number of Option Shares purchased by exercise of the
Option. If delivery is by mail, delivery of Option Shares shall be deemed
effected when a stock transfer agent of the Company shall have deposited the
certificates in the United States mail, addressed to the Optionee.
8. General Restriction on Transfer of Shares. Unless waived by the
Committee, Optionee may not, during his life or upon his death, sell, transfer,
give, assign, bequeath, pledge or otherwise encumber, or divest himself of
ownership or control of all or any part of the Option Shares which he acquires
under the terms of the Plan and this Agreement, whether voluntarily or by
operation of law, for a period of two years after the date Optionee acquires
the
<PAGE> 67
shares and, in any event, except in accordance with the terms of this
Agreement and such other restrictions as may be imposed from time to time under
the Plan.
9. Legend on Share Certificates. So long as required by applicable law
(in the sole opinion of legal counsel to the Company), each certificate
representing Option Shares issued and outstanding to Optionee shall have
endorsed thereon the following legend:
The transfer of shares of stock represented by this certificate
is restricted by and subject to the terms of an agreement, a copy of
which is on file with the Secretary of Edac Technologies Corporation
and will be furnished to any interested party upon request.
10. Addresses. All notices or statements required to be given to either
party hereto shall be in writing and shall be personally delivered or sent, in
the case of the Company, to its principal business office and, in the case of
Optionee, to his address as shown on the records of the Company or to such
address as Optionee designates in writing. Notice of any change of address
shall be sent to the other party by registered or certified mail. It shall be
conclusively presumed that any notice or statement properly addressed and
mailed bearing the required postage stamps has been delivered to the party to
which it is addressed.
11. Restrictions Imposed by Law. Notwithstanding any other provision of
this Agreement, Optionee agrees that he shall not exercise the Option and that
the Company will not be obligated to deliver any shares of Common Stock or make
any cash payment if counsel to the Company determines that such exercise,
delivery or payment would violate any law or regulation of any governmental
authority or any agreement between the Company and any national securities
exchange upon which the Common Stock is listed. The Company shall in no event
be obliged to take any affirmative action in order to cause the exercise of the
Option or the resulting delivery of shares of Common Stock or other payment to
comply with any law or regulation of any governmental authority.
12. Employment. Nothing in this Agreement or the Plan shall limit the
right of the Company or subsidiary to terminate the Optionee's employment or
otherwise impose any obligation to employ the Optionee.
13. Liability for Taxes. As a condition to issuance of the Option Shares
upon exercise of the Option, Optionee authorized the Company to withhold from
any regular cash compensation payable to him, or, in the event Optionee is no
longer entitled to receive cash compensation from the Company to require
<PAGE> 68
remittance by Optionee to Company of, any taxes required to be withheld by the
Company as under any applicable federal, state or local laws as a result of
Optionee's exercise of the Option.
14. Governing Laws. This Agreement shall be construed, administered and
governed in all respects under and by the laws of the State of Connecticut.
15. Provisions Consistent With Plan. This Agreement shall be construed to
be consistent with the provisions of the Plan. In the event of a conflict
between the provisions of the Plan shall prevail.
/S/
---------------------------------------
Glenn L. Purple
(Social Security No. ###-##-####)
EDAC TECHNOLOGIES CORPORATION
BY /S/
-------------------------------------
