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 20, 1992
(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
Spida-Ausgleichskassen
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 1,279,205
Shares Bene-
ficially (8) Shared Voting Power
Owned by
Each Report- (9) Sole Dispositive Power 1,279,205
ing Person
With (10) Shared Dispositive Power
11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,279,205
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) 24.6%
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 Spida-Ausgleichskassen ("SPIDA"),
a Swiss pension fund located at Bergstrasse 21, 8044 Zurich, Switzerland.
(d) SPIDA has not, during the last five years, been convicted in a
criminal proceeding;
(e) During the past five years, SPIDA has not been a party to a
judicial or administrative proceeding which has or would have made SPIDA
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
SPIDA, as a Swiss pension fund, invests funds contributed by over
75,000 employees and 5,500 companies in the Swiss construction industry.
ITEM 4. PURPOSE OF TRANSACTION
SPIDA 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 SPIDA may dispose of
some of its Shares or may acquire additional Shares from time to time,
depending on price and market conditions, evaluation of alternative
investments and other factors.
ITEM 5. INTEREST IN SECURITIES OF ISSUER
a) SPIDA beneficially owns 1,279,205 shares of SETECH, Inc. The
Company states in its most recent 10-KSB that 5,202,991 shares are
outstanding. Consequently, SPIDA owns approximately 24.6% of the subject
securities.
SPIDA disclaims beneficial ownership of the following shares pursuant
to Rule 13d-4:
1. Shares held by Peter Schuler, President of SPIDA: 125,000;
2. Shares held by Hans R. Buser, a consultant for SPIDA: 100,000;
The aggregate number of securities as to which SPIDA disclaims
beneficial ownership is 225,000 (4.3% of the class).
b) SPIDA has sole power to vote and direct the disposition of its
1,279,205 shares. Peter Schuler has sole power to vote and direct the
disposition of his 125,000 shares. Hans R. Buser has sole power to vote and
direct the disposition of his 100,000 shares.
c) SPIDA has had no transactions in the subject class of securities
for 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) SPIDA 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 SPIDA and any person with respect to the
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 16, 1997 /s/SPIDA-AUSGLEICHSKASSEN
Signature
P. SCHULER, DIRECTOR
Name/Title
N. TAUSEND, VIZE DIRECTOR
Name/Title
