<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 3 TO
SCHEDULE 13D
Under the Securities Exchange Act of 1934
U. S. INTEC, INC.
--------------------------------------------
(Name of Issuer)
Common Stock, par value $.02 per share
--------------------------------------------
(TITLE OF CLASS OF SECURITIES)
912084-10-0
--------------------------------------------
(CUSIP NUMBER)
First Southwest Company
1700 Pacific Avenue
Suite 500
Dallas, Texas 75201
Attention: Thomas D. Williams
(214) 953-4179
--------------------------------------------
(Name, Address, and Telephone Number of
Person Authorized to Receive Notices
and Communications)
With a copy to:
Michael E. Dillard, P.C.
Akin, Gump, Strauss, Hauer & Feld
4100 First City Center, 1700 Pacific Avenue
Dallas, Texas 75201-4618
(214) 969-2881
OCTOBER 19, 1995
--------------------------------------------
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13D-1(b)(3) or (4), check the following box [_].
Check the following box if a fee is being paid with this statement [_].
Page 1 of 10
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CUSIP 912084-10-0 13D Page 2 of 10 Pages
- --------------------------------------------------------------------------------
1) Names of Reporting Person First Southwest Company
S.S. or I.R.S. Identification
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a) X
if a Member of a Group -------------
(See Instructions) (b)
-------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds (See instructions) WC
- --------------------------------------------------------------------------------
5) Check if Disclosure of Legal
Proceedings is Required Pur-
suant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Texas
Organization
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power None
Beneficially Owned (8) Shared Voting Power None
by Each Reporting (9) Sole Dispositive Power None
Person With (10) Shared Dispositive Power None
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially None
Owned by Each Reporting Person
- --------------------------------------------------------------------------------
(12) Check box if the Aggregate Amount
in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented 0.0%
by Amount in Row (11)
- --------------------------------------------------------------------------------
(14) Type of Reporting Person CO, BD
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
CUSIP 912084-10-0 13D Page 3 of 10 Pages
- --------------------------------------------------------------------------------
1) Names of Reporting Person Utley Group II Ltd.
S.S. or I.R.S. Identification
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a) X
if a Member of a Group -------------
(See Instructions) (b)
-------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds (See instructions) WC
- --------------------------------------------------------------------------------
5) Check if Disclosure of Legal
Proceedings is Required Pur-
suant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Texas
Organization
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power None
Beneficially Owned (8) Shared Voting Power None
by Each Reporting (9) Sole Dispositive Power None
Person With (10) Shared Dispositive Power None
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially None
Owned by Each Reporting Person
- --------------------------------------------------------------------------------
(12) Check box if the Aggregate Amount
in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented 0.0%
by Amount in Row (11)
- --------------------------------------------------------------------------------
(14) Type of Reporting Person PN
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
CUSIP 912084-10-0 13D Page 4 of 10 Pages
- --------------------------------------------------------------------------------
1) Names of Reporting Person Hill A. Feinberg
S.S. or I.R.S. Identification
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a) X
if a Member of a Group -------------
(See Instructions) (b)
-------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds (See instructions) PF
- --------------------------------------------------------------------------------
5) Check if Disclosure of Legal
Proceedings is Required Pur-
suant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of United States
Organization
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power None
Beneficially Owned (8) Shared Voting Power None
by Each Reporting (9) Sole Dispositive Power None
Person With (10) Shared Dispositive Power None
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially None
Owned by Each Reporting Person
- --------------------------------------------------------------------------------
(12) Check box if the Aggregate Amount
in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented 0.0%
by Amount in Row (11)
- --------------------------------------------------------------------------------
(14) Type of Reporting Person IN
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
CUSIP 912084-10-0 13D Page 5 of 10 Pages
- --------------------------------------------------------------------------------
1) Names of Reporting Person Debra J. Feinberg
S.S. or I.R.S. Identification
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a) X
if a Member of a Group -------------
(See Instructions) (b)
-------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds (See instructions) PF
- --------------------------------------------------------------------------------
5) Check if Disclosure of Legal
Proceedings is Required Pur-
suant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of United States
Organization
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power None
Beneficially Owned (8) Shared Voting Power None
by Each Reporting (9) Sole Dispositive Power None
Person With (10) Shared Dispositive Power None
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially None
Owned by Each Reporting Person
- --------------------------------------------------------------------------------
(12) Check box if the Aggregate Amount
in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented 0.0%
by Amount in Row (11)
- --------------------------------------------------------------------------------
(14) Type of Reporting Person IN
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
CUSIP 912084-10-0 13D Page 6 of 10 Pages
- --------------------------------------------------------------------------------
1) Names of Reporting Person Paul M. Bass, Jr.
S.S. or I.R.S. Identification
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a) X
if a Member of a Group -------------
(See Instructions) (b)
-------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds (See instructions) PF
- --------------------------------------------------------------------------------
5) Check if Disclosure of Legal
Proceedings is Required Pur-
suant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of United States
Organization
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power None
Beneficially Owned (8) Shared Voting Power None
by Each Reporting (9) Sole Dispositive Power None
Person With (10) Shared Dispositive Power None
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially None
Owned by Each Reporting Person
- --------------------------------------------------------------------------------
(12) Check box if the Aggregate Amount
in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented 0.0%
by Amount in Row (11)
- --------------------------------------------------------------------------------
(14) Type of Reporting Person IN
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
CUSIP 912084-10-0 13D Page 7 of 10 Pages
- --------------------------------------------------------------------------------
1) Names of Reporting Person Michael J. Marz
S.S. or I.R.S. Identification
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a) X
if a Member of a Group -------------
(See Instructions) (b)
-------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds (See instructions) PF
- --------------------------------------------------------------------------------
5) Check if Disclosure of Legal
Proceedings is Required Pur-
suant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of United States
Organization
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power None
Beneficially Owned (8) Shared Voting Power None
by Each Reporting (9) Sole Dispositive Power None
Person With (10) Shared Dispositive Power None
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially None
Owned by Each Reporting Person
- --------------------------------------------------------------------------------
(12) Check box if the Aggregate Amount
in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented 0.0%
by Amount in Row (11)
- --------------------------------------------------------------------------------
(14) Type of Reporting Person IN
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
CUSIP 912084-10-0 13D Page 8 of 10 Pages
ITEM 1. SECURITY AND ISSUER.
Item 1 hereby is amended and restated to read in its entirety as follows:
This Amendment No. 3 to Schedule 13D (the "Statement") relates to the
common stock, par value $.02 per share (the "Shares"), of U.S. Intec, Inc., a
Texas corporation ("U.S. Intec"). The Shares are registered under Section 12(b)
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The
principal executive offices of U.S. Intec are located at 1212 Brai Drive, Port
Arthur, Texas 77643. This Statement amends the Statement on Schedule 13D filed
by First Southwest Company, a Texas corporation (the "Company"), and certain of
its affiliates on January 27, 1995, as amended by Amendment No. 1 to Schedule
13D filed on February 24, 1995, and by Amendment No. 2 to Schedule 13D filed on
September 21, 1995.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 hereby is amended and restated to read in its entirety as follows:
(a) As of September 21, 1995, U.S. Intec has 3,042,911 Shares currently
issued and outstanding. As of the date hereof, the Reporting Persons do not
beneficially own any Shares.
(b) Not applicable.
(c) Each of the Reporting Persons has effected transactions in the
Shares during the past sixty days in accordance with the terms of the
Shareholders Agreement, a copy of which has been previously filed with the
Commission as Exhibit B. Pursuant to the terms of that certain Shareholders
---------
Agreement, each Selling Shareholder (including each of the Reporting Persons)
agreed to validly tender (and not to withdraw) all of the Shares beneficially
owned by such Selling Shareholder pursuant to the terms and conditions of an
Offer to be commenced by Parent or Sub at a price not less than $9.05 net per
share. The Offer commenced on September 21, 1995 and expired by its terms at
12:00 Midnight, New York City time, on Thursday, October 19, 1995. Sub accepted
for payment and deposited funds sufficient in amount promptly to pay $9.05 net
per Share (the "Offer Consideration") for all of the Shares validly tendered in
the Offer, inclusive of those Shares owned by the Reporting Persons. As of
October 19, 1995, the following Reporting Persons tendered their Shares and
received the Offer Consideration in exchange therefor: (i) the Company tendered
all of its 179,290 Shares and is no longer the beneficial owner of any Shares;
(ii) Utley Ltd. tendered all of its 25,000 Shares and is no longer the
beneficial owner of any Shares; (iii) Mr. Feinberg tendered all of his 20,000
Shares and is no longer the beneficial owner of any Shares; (iv) Mr. Bass
tendered all of his 10,000 Shares and is no longer the beneficial owner of any
Shares; (v) Mr. Marz tendered all of his 3,000 Shares and is no longer the
beneficial owner of any Shares; and (vii) Mrs. Feinberg tendered all of her
7,500 Shares and is no longer the beneficial owner of any Shares.
(d) Not applicable.
<PAGE>
CUSIP 912084-10-0 13D Page 9 of 10 Pages
(e) On October 19, 1995, each of the Reporting Persons ceased to be the
beneficial owner of more than five percent of the outstanding Shares.
<PAGE>
CUSIP 912084-10-0 13D Page 10 of 10 Pages
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Reporting Persons have duly caused this Amendment No. 3 to Schedule 13D to be
signed on their behalf by the undersigned, thereunto duly authorized, in the
City of Dallas, on the 27th day of October, 1995. The power of attorney provided
to Hill A. Feinberg and Robert K. Utley, III, as attorneys-in-fact of the
undersigned, as filed in Amendment No. 1 to Schedule 13D dated February 24,
1995, is hereby incorporated by reference. After reasonable inquiry and to the
best of the knowledge and belief of the undersigned, the undersigned certifies
that the information set forth in this statement is true, complete and correct.
FIRST SOUTHWEST COMPANY
By:/s/ Thomas D. Williams
---------------------------------------
Name: Thomas D. Williams
Title: Managing Director and General
Counsel
UTLEY GROUP II LTD.
By:/s/ Robert K. Utley, III
----------------------------------------
Name: Robert K. Utley, III
Title: President of Utley Group, Inc.,
General Partner
By:Hill A. Feinberg*
----------------------------------------
Hill A. Feinberg
By:Debra J. Feinberg*
----------------------------------------
Debra J. Feinberg
By:Paul M. Bass, Jr.*
----------------------------------------
Paul M. Bass, Jr.
By:Michael J. Marz*
----------------------------------------
Michael J. Marz
*By:/s/ Robert K. Utley, III
---------------------------------------
Robert K. Utley, III
Attorney-in-fact
