<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Ladish Co., Inc.
COMMON STOCK, Par Value $0.01
50574200
The Employees' Retirement Plan of Consolidated Electrical Distributors, Inc.
c/o Pamela B. Johnson, Esq., P. O. Box 5041, Thousand Oaks, CA 91359
(818) 597-3754
September 5, 2000
<PAGE>
1 Name of Reporting Persons
S.S. or IRS Identification No. of above person
Employees' Retirement Plan of Consolidated Electrical Distributors, Inc.
--------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
(a)
(b) X
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3 SEC USE ONLY
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4 Source of Funds* WC
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5 Check Box If Disclosure of Legal Proceedings is Required
Pursuant to Items 2(D) or 2(E)
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6 Citizenship or Place of Organization California, U.S.
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NUMBER OF | 7 | SOLE VOTING POWER 339,500
SHARES | |
BENEFICIALLY | |
OWNED BY | 8 | SHARED VOTING POWER None
EACH | |
REPORTING | 9 | SOLE DISPOSITIVE POWER 339,500
PERSON WITH | |
| |
| 10 | SHARED DISPOSITIVE POWER None
------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
339,500
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12 Check If the Aggregate Amount in Row (11) Excludes
Certain Shares*
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13 Percent of Class Represented by Amount in Row (11)
2.63%
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14 Type of Reporting Person*
EP
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
2
<PAGE>
1 Name of Reporting Persons
S.S. or IRS Identification No. of above person
Employees' Retirement Plan of Hajoca Corporation
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2 Check the Appropriate Box If a Member of a Group*
(a)
(b) X
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 Source of Funds* WC
--------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings is Required
Pursuant to Items 2(D) or 2(E)
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization Pennsylvania, U.S.
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NUMBER OF | 7 | SOLE VOTING POWER 130,000
SHARES | |
BENEFICIALLY | |
OWNED BY | 8 | SHARED VOTING POWER None
EACH | |
REPORTING | 9 | SOLE DISPOSITIVE POWER 130,000
PERSON WITH | |
| |
| 10 | SHARED DISPOSITIVE POWER None
------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
130,000
------------------------------------------------------------------------------
12 Check If the Aggregate Amount in Row (11) Excludes
Certain Shares*
------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
1.01%
------------------------------------------------------------------------------
14 Type of Reporting Person*
EP
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
3
<PAGE>
1 Name of Reporting Persons
S.S. or IRS Identification No. of above person
Employees' Retirement Plan of Rolled Alloys, Inc.
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2 Check the Appropriate Box If a Member of a Group*
(a)
(b) X
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 Source of Funds* WC
--------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings is Required
Pursuant to Items 2(D) or 2(E)
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization Michigan, U.S.
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NUMBER OF | 7 | SOLE VOTING POWER 75,000
SHARES | |
BENEFICIALLY | |
OWNED BY | 8 | SHARED VOTING POWER None
EACH | |
REPORTING | 9 | SOLE DISPOSITIVE POWER 75,000
PERSON WITH | |
| |
| 10 | SHARED DISPOSITIVE POWER None
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
75,000
------------------------------------------------------------------------------
12 Check If the Aggregate Amount in Row (11) Excludes
Certain Shares*
------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
0.58%
------------------------------------------------------------------------------
14 Type of Reporting Person*
EP
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
4
<PAGE>
1 Name of Reporting Persons
S.S. or IRS Identification No. of above person
Keith W. Colburn Retirement Plan
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2 Check the Appropriate Box If a Member of a Group*
(a)
(b) X
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 Source of Funds* WC
--------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings is Required
Pursuant to Items 2(D) or 2(E)
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization Illinois, U.S.
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NUMBER OF | 7 | SOLE VOTING POWER None
SHARES | |
BENEFICIALLY | |
OWNED BY | 8 | SHARED VOTING POWER 2,700
EACH | |
REPORTING | 9 | SOLE DISPOSITIVE POWER None
PERSON WITH | |
| |
| 10 | SHARED DISPOSITIVE POWER 2,700
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
2,700
------------------------------------------------------------------------------
12 Check If the Aggregate Amount in Row (11) Excludes
Certain Shares*
------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
0.02%
------------------------------------------------------------------------------
14 Type of Reporting Person*
EP
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
5
<PAGE>
1 Name of Reporting Persons
S.S. or IRS Identification No. of above person
Keith W. Colburn Trust
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2 Check the Appropriate Box If a Member of a Group*
(a)
(b) X
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 Source of Funds* WC
--------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings is Required
Pursuant to Items 2(D) or 2(E)
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization Illinois, U.S.
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NUMBER OF | 7 | SOLE VOTING POWER None
SHARES | |
BENEFICIALLY | |
OWNED BY | 8 | SHARED VOTING POWER 2,700
EACH | |
REPORTING | 9 | SOLE DISPOSITIVE POWER None
PERSON WITH | |
| |
| 10 | SHARED DISPOSITIVE POWER 2,700
------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
2,700
------------------------------------------------------------------------------
12 Check If the Aggregate Amount in Row (11) Excludes
Certain Shares*
------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
0.02%
------------------------------------------------------------------------------
14 Type of Reporting Person*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
6
<PAGE>
1 Name of Reporting Persons
S.S. or IRS Identification No. of above person
David D. Colburn
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2 Check the Appropriate Box If a Member of a Group*
(a)
(b) X
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 Source of Funds* PF
--------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings is Required
Pursuant to Items 2(D) or 2(E)
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization Illinois, U.S.
--------------------------------------------------------------------------------
NUMBER OF | 7 | SOLE VOTING POWER 1,000
SHARES | |
BENEFICIALLY | |
OWNED BY | 8 | SHARED VOTING POWER None
EACH | |
REPORTING | 9 | SOLE DISPOSITIVE POWER 1,000
PERSON WITH | |
| |
| 10 | SHARED DISPOSITIVE POWER None
------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
1,000
------------------------------------------------------------------------------
12 Check If the Aggregate Amount in Row (11) Excludes
Certain Shares*
------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
0.007%
------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
7
<PAGE>
CUSIP NO. 046613105 13D Page 1 of 6
Amendment No. 1
INTRODUCTION
The Employees' Retirement Plan of Consolidated Electrical Distributors,
Inc., a California trust ("CED Pension Plan"), hereby files this Amendment No. 1
(the "Amendment") to the Statement on Schedule 13D (the "Statement") on behalf
of the Reporting Persons identified in Item 2 of the Statement pursuant to the
Agreement With Respect To Schedule 13D attached to the Schedule 13D filed on May
24, 1999. Defined terms not otherwise defined herein have the meanings ascribed
thereto in the Statement.
Only those Items amended are reported herein.
Item 2. Identity and Background.
Item 2 is amended to add the following additional Reporting Persons:
d. Keith W. Colburn Retirement Plan ("Colburn KEOGH").
The principal executive offices of Colburn KEOGH are located at
Paine Webber, 5 River Drive, Suite 120, Northbrook, Illinois 60062. Colburn
KEOGH is a retirement plan formed for the purpose of making investments.
e. Keith W. Colburn Trust ("Colburn Trust").
The principal executive offices of Colburn Trust are located at 555
Skokie Blvd., Suite 555, Northbrook, Illinois 60062. Colburn Trust is organized
under Declaration of Trust, dated February 16, 1978, and was formed for the
purpose of making investments.
<PAGE>
CUSIP NO. 046613105 13D Page 2 of 6
Amendment No. 1
f. David D. Colburn ("D. Colburn").
D. Colburn's place of business is 555 Skokie Blvd., Suite 555,
Northbrook, Illinois 60062. D. Colburn is a private investor.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is amended by adding the following paragraph:
On May 24, 1999, the Colburn KEOGH purchased 2,500 shares of Common
Stock on the open market at a purchase price of $8.43 per share; on May 24,
1999, the Colburn Trust purchased 2,500 shares of Common Stock on the open
market at a purchase price of $8.43 per share; on May 24, 1999, D. Colburn
purchased 1,000 shares of Common Stock on the open market at a purchase price of
$8.38 per share; on June 3, 2000, the Colburn Trust purchased 200 shares of
Common Stock on the open market at a purchase price of $7.66 per share; on June
9, 1999, the CED Pension Plan purchased 5,000 shares of Common Stock on the open
market at a purchase price of $7.56 per share; on June 10, 1999, the CED Pension
Plan purchased 10,000 shares of Common Stock on the open market at a purchase
price of $7.48 per share; on November 8, 1999, the CED Pension Plan sold 1,500
shares of Common Stock on the open market at a sales price of $7.00 per share;
on November 11, 1999, the CED Pension Plan sold 20,000 shares of Common Stock on
the open market at a sales price of $6.88 per share; on November 15, 1999, the
CED Pension Plan sold 2,000 shares of Common Stock on the open market at a sales
price of $6.94 per share; on December 28, 1999, the Colburn Trust sold 2,500
shares of Common Stock on the open market at a sales price of $6.21 per share;
on April 12, 2000, the CED Pension Plan sold 10,000 shares of Common Stock on
the open market at a sales price of $6.75 per share; on August 31, 2000, the CED
Pension Plan sold 22,000 shares of Common Stock on the open market at a sales
<PAGE>
CUSIP NO. 046613105 13D Page 3 of 6
Amendment No. 1
price of $12.44 per share; on September 1, 2000, the CED Pension Plan sold
78,000 shares of Common Stock on the open market at a sales price of $12.44 per
share; on September 5, 2000, the Rolled Alloys Pension Plan sold 7,500 shares of
Common Stock on the open market at a sales price of $13.44 per share; on
September 6, 2000, Rolled Alloys Pension Plan sold 17,500 shares of Common Stock
on the open market at a sales price of $13.50 per share; on September 6, 2000,
Hajoca Pension Plan sold 15,000 shares of Common Stock at a sales price of
$13.50 per share; and on September 25, 2000, Hajoca Pension Plan sold 5,000
shares of Common Stock at a sales price of $13.50 per share. A table identifying
each sale is included in Item 5(c) of this Amendment.
Item 5. Interest in Securities of the Issuer.
Item 5 is amended and restated as follows:
(a) and (b). The aggregate number of shares and percentage of Common
Stock of the Issuer (based upon the Issuer's report on Form 10Q that it had
12,896,868 shares of Common Stock outstanding as of June 30, 2000) beneficially
owned by each person named in Item 2, as well as the number of shares of Common
Stock as to which such person is deemed to have sole power to vote or to direct
the vote, shared power to vote or to direct the vote, sole power to dispose or
to direct the disposition, or shared power to dispose or direct the disposition,
is set forth in the following table:
<PAGE>
CUSIP NO. 046613105 13D Page 4 of 6
Amendment No. 1
<TABLE>
<CAPTION>
Reporting Person No. of Percentage Power to Vote Power to Dispose
Shares of Class Shared Sole Shared Sole
Benef.
Owned
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<S> <C> <C> <C> <C>
CED Pension Plan 339,500 2.63% 339,500 339,500
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Hajoca
Pension Plan 130,000 1.01% 130,000 130,000
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Rolled Alloys
Pension Plan 75,000 .58% 75,000 75,000
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Colburn Trust 2,700 .02% 2,700 2,700
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Colburn KEOGH 2,700 .02% 2,700 2,700
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D. Colburn 1,000 .007% 1,000 1,000
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</TABLE>
The aggregate number of shares owned by the Reporting Persons is
548,200, or 4.25%, which is below the reporting threshold for Schedule 13D.
The information required by Item 5 with respect to persons with whom
voting or dispositive power is shared is set forth in Item 2.
(c) To the best knowledge of the Reporting Persons, no person described
in paragraph (a) of this Item 5 has effected any transaction in the Common Stock
of the Issuer during the past 60 days other than as set forth in the table
below:
<TABLE>
<CAPTION>
DATE PURCHASER/ NO. SHARES TOTAL SALES/
SELLER SOLD/PURCHASED PURCHASE PRICE ($)
----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
05/24/99 Colburn KEOGH 2,500 21,066
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05/24/99 Colburn Trust 2,500 21,066
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05/24/99 D. Colburn 1,000 8,383
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06/03/99 Colburn Trust 200 1,532
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06/09/99 CED Pension Plan 5,000 37,800
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06/10/99 CED Pension Plan 10,000 74,819
----------------------------------------------------------------------------------------------------------------------
11/08/99 CED Pension Plan -1,500 (10,503)
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11/11/99 CED Pension Plan -20,000 (137,545)
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11/15/99 CED Pension Plan -2,000 (13,880)
----------------------------------------------------------------------------------------------------------------------
12/28/99 Colburn Trust -2,500 (15,518)
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04/12/00 CED Pension Plan -10,000 (67,525)
----------------------------------------------------------------------------------------------------------------------
08/31/00 CED Pension Plan -22,000 (273,680)
----------------------------------------------------------------------------------------------------------------------
09/01/00 CED Pension Plan -78,000 (970,320)
----------------------------------------------------------------------------------------------------------------------
09/05/00 Rolled Alloys Pension Plan -7,500 (100,797)
----------------------------------------------------------------------------------------------------------------------
09/06/00 Rolled Alloys -17,500 (235,192)
Pension Plan
----------------------------------------------------------------------------------------------------------------------
09/06/00 Hajoca Pension Plan -15,000 (201,593)
----------------------------------------------------------------------------------------------------------------------
09/25/00 Hajoca Pension Plan -5,000 (67,198)
----------------------------------------------------------------------------------------------------------------------
TOTAL -159,800 (1,929,085)
-------- -----------
</TABLE>
<PAGE>
CUSIP NO. 046613105 13D Page 5 of 6
Amendment No. 1
To the best knowledge of the Reporting Persons, no person other than
the Reporting Persons and their equity owners has the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of,
the Common Stock of the Issuer.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
The first paragraph of Item 6 is amended and restated to read as
follows:
CED Pension Plan beneficially owns 339,500 shares of Common Stock.
Hajoca Pension Plan beneficially owns 130,000 shares of Common Stock. Rolled
Alloys Pension Plan beneficially owns 75,000 shares of Common Stock. Keith W.
Colburn is the beneficiary of the Colburn Trust and Colburn Keogh, which
together own 2,700 shares of stock. David D. Colburn beneficially owns 1,000
shares of stock. Keith W. Colburn is a member of the Investment Committees of
CED Pension Plan, Hajoca Pension Plan, and Rolled Alloys Pension Plan. David D.
Colburn is a member of the Investment Committee of CED Pension Plan.
<PAGE>
CUSIP NO. 046613105 13D Page 6 of 6
Amendment No. 1
SIGNATURE
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: November 16th, 2000
The Employees' Retirement
Plan of Consolidated
Electrical Distributors, Inc.
By: /s/ John D. Parish
-------------------------------
Its: Committee Member
-------------------------------
