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)
July 31, 1989
(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
Pensionskasse der ASCOOP
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a)
(b) X
3) SEC Use Only
4) Source of Funds (See Instructions) OO
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
6) Citizenship or Place of Organization Switzerland
Number of (7) Sole Voting Power 2,630,045
Shares Bene-
ficially (8) Shared Voting Power
Owned by
Each Report- (9) Sole Dispositive Power 2,630,045
ing Person
With (10) Shared Dispositive Power
11) Aggregate Amount Beneficially Owned by Each Reporting Person
2,630,045
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
X
13) Percent of Class Represented by Amount in Row (11) 50.5%
14) Type of Reporting Person (See Instructions) EP
<PAGE>
ITEM 1. SECURITY AND ISSUER
This statement relates to the $.01 par value Common Stock of SETECH,
Inc., 905 Industrial Drive, Murfreesboro, TN, 37129.
ITEM 2. IDENTITY AND BACKGROUND
The person filing this statement is Pensionskasse der ASCOOP
("ASCOOP"), a Swiss pension fund located at Beundenfeldstrasse 5, Postfach
694, 3000 Bern, Switzerland.
d) ASCOOP has not, during the last five years, been convicted in a
criminal proceeding;
e) During the last five years, ASCOOP has not been a party to a
judicial or administrative proceeding which has or would have made ASCOOP
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;
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
ASCOOP, as a Swiss pension fund, invests funds contributed by over
7000 employees and over 200 companies in the Swiss transportation industry.
ITEM 4. PURPOSE OF TRANSACTION
ASCOOP has acquired its Shares of common stock at fair market value
for investment purposes and for none of the reasons enumerated in
subparagraphs (a) through (j) of Item 4 of Schedule 13D, except that ASCOOP
may dispose of some of its Shares or may acquire additional Shares from
time to time, depending on the price and market conditions, evaluation of
alternative investments and other factors.
ITEM 5. INTEREST IN SECURITIES OF ISSUER
a) ASCOOP beneficially owns 2,630,045 shares of SETECH, Inc. The
Company states in its most recent 10-KSB that 5,202,991 shares are
outstanding. Consequently, ASCOOP owns approximately 50.5% of the subject
securities.
ASCOOP disclaims beneficial ownership of the following shares pursuant
to Rule 13d-4:
1. Shares held by Jean-Claude Duby, President of ASCOOP: 5,000;
2. Shares held by Peter Joss, member of the Board of Directors of
ASCOOP: 75,000;
3. Shares held by Hans R. Buser, a consultant for ASCOOP: 100,000;
4. Shares held by Martin Oester, Vice President and Investment
Manager of ASCOOP: 2,500.
The aggregate number of securities as to which ASCOOP disclaims
beneficial ownership is 182,500 (3.5% of the class).
b) ASCOOP has sole power to vote and direct the disposition of its
2,630,045 shares. Jean-Claude Duby has sole power to vote and direct the
disposition of his 5,000 shares. Peter Joss has sole power to vote and
direct the disposition of his 75,000 shares. Hans R. Buser has sole power
to vote and direct the disposition of his 100,000 shares. Martin Oester has
sole power to vote and direct the disposition of his 2,500 shares.
c) On November 22, 1996, ASCOOP sold to Hansueli Frey, a citizen and
resident of Switzerland, 25,000 shares of SETECH, Inc. stock at a price of
$2.80 per share. The transaction took place in Switzerland pursuant to an
exemption from registration provided by Section 4(1) of the Securities Act
of 1933 and, alternatively, by reason of compliance with Securities Act
Release Number 4708 respecting sales to and resales by foreign purchasers
of securities of United States issuers.
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) ASCOOP 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 ASCOOP 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: JANUARY 17, 1997 /s/MARTIN OESTER
Signature
MARTIN OESTER, VICE PRESIDENT
Name/Title
/s/JEAN CLAUDE DUBY
Signature
JEAN CLAUDE DUBY, PRESIDENT
Name/Title
