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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. . . . .)*
SETECH, Inc.
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
053662 30 0
(CUSIP Number)
Ms. Cindy Rollins, 905 Industrial Drive, Murfreesboro, TN, 37129
(615)890-1700
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 28, 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 to this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the
following box <square>.
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are
to be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the 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 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
CUSIP No. 053662 30 0
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of
Above Persons
Thomas N. Eisenman
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a)
(b)
3) SEC Use Only
4) Source of Funds (See Instructions) PF
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
6) Citizenship or Place of Organization United States of America
Number of (7) Sole Voting Power 324,016
Shares Bene-
ficially (8) Shared Voting Power
Owned by
Each Report- (9) Sole Dispositive Power 324,016
ing Person
With (10) Shared Dispositive Power
11) Aggregate Amount Beneficially Owned by Each Reporting Person
324,016
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
13) Percent of Class Represented by Amount in Row (11) 6.2%
14) Type of Reporting Person (See Instructions) IN
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ITEM 1. SECURITY AND ISSUER
This statement relates to the $.01 par value Common Stock of SETECH,
Inc. ("the Company"), 905 Industrial Drive, Murfreesboro, TN, 37129.
ITEM 2. IDENTITY AND BACKGROUND
a) The person filing this statement is Thomas N. Eisenman, a natural
person;
b) Mr. Eisenman's business address is 905 Industrial Drive,
Murfreesboro, TN 37129.
c) Mr Eisenman's present principal occupation or employment is as
President and CEO of the Company, which owns four subsidiaries engaging in
the following businesses: Titan Services, Inc. ("Titan"), which offers
"integrated supply" services to the manufacturing industry; Southeastern
Technology, Inc. ("Southeastern"), which offers job shop machining and
engineering services to the aerospace, automotive and medical industries;
BARTON ATC, Inc. ("BARTON"), which manufactures, sells and operates both
fixed and mobile air traffic control towers located throughout the United
States; BATON ATC International, Inc. ("BARTON Intn'l"), which provides Air
Traffic Control and weather Reporting Services to numerous airports
throughout the United States, under contract with the Federal Aviation
Administration. Mr. Eisenman is also CEO of Southeastern and Titan.
SETECH, Inc. has its principal business address at 905 Industrial Drive,
Murfreesboro, TN, 37129;
d) Mr. Eisenman has not, during the last five years, been convicted
in a criminal proceeding (excluding traffic violations and similar
misdemeanors);
e) During the last five years, Mr. Eisenman has not been a party to
a judicial or administrative proceeding which has or would have made him
subject to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or state
securities laws or finding a violation with respect to such laws; and
f) Mr. Eisenman is a citizen of the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
On February 28, 1996, prior to the Company's June 30, 1996 20-1
reverse stock split, Mr. Eisenman acquired 2,200,000 shares of the
Company's stock for $.06 per share. On June 28, 1996, Mr. Eisenman acquired
an additional 2,800,000 shares for $.06 per share. The purchase price for
each of these transactions was paid with the personal funds of Mr.
Eisenman. None of the funds were borrowed.
ITEM 4. PURPOSE OF TRANSACTION
The Company, having determined that it was in its best interest for
certain managers to have an ownership interest in the Company, offered
those managers an opportunity to acquire stock of the Company at fair
market value. Mr. Eisenman took advantage of that opportunity shortly after
becoming President and CEO. The Company and Mr. Eisenman anticipate that
his ownership of Company stock will be mutually beneficial. The value of
his investment will increase as he works to improve the value of the
Company.
Mr. Eisenman has acquired his shares of Common Stock for investment
purposes only and for none of the reasons enumerated in subparagraphs (a)
through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF ISSUER
a) Mr. Eisenman beneficially owns 324,016 shares of SETECH, Inc. The
Company states in its most recent 10-KSB that 5,202,991 shares are
outstanding. Consequently, Mr. Eisenman owns approximately 6.2% of the
subject securities.
b) Mr. Eisenman has sole power to control the vote and disposition
of the securities named in paragraph a.
c) Mr. Eisenman has had no transactions in the subject securities in
the past sixty days.
d) No other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the
sale of, such securities.
e) Mr. Eisenman has not ceased to be the beneficial owner of more
than 5% of the subject securities.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO THE SECURITIES OF THE ISSUER.
There are no contracts, arrangements, understandings or relationships
(legal or otherwise) between Mr. Eisenman and any person with respect to
any securities of the Company.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Not applicable.
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: DECEMBER 18, 1996 /S/ THOMAS N. EISENMAN
Signature
THOMAS N. EISENMAN
Name/Title
