AIR & WATER TECHNOLOGIES CORP
SC 13G, 1994-02-10
ENGINEERING SERVICES
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<PAGE>   1
 
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
 
                                  SCHEDULE 13G
 
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 1)*
 
                           Air and Water Technologies
- --------------------------------------------------------------------------------
                                (Name of Issuer)
 
                              Class A Common Stock
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)
 
                                   009058108
- --------------------------------------------------------------------------------
                                 (CUSIP Number)
 
Check the following box if a fee is being paid with this / / statement. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
 
*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 the
disclosures provided in a prior cover page.
 
The information required in 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).
 
                        (Continued on following page(s))
 
                               Page 1 of 5 Pages
 
SEC 1745 (10-85)
<PAGE>   2
 
                                      13G
CUSIP NO. 009058108
                                                               PAGE 2 OF 5 PAGES
 
<TABLE>
<S>   <C>
- --------------------------------------------------------------------------------------------------------------
  1   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Massachusetts Financial Services Company ("MFS")
        I.R.S. Identification No.:   04-2747644
- --------------------------------------------------------------------------------------------------------------
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
      (a)  / /       (b)  / /
- --------------------------------------------------------------------------------------------------------------
  3   SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------
  4   CITIZENSHIP OR PLACE OF ORGANIZATION
      Delaware
- --------------------------------------------------------------------------------------------------------------
      NUMBER OF      5     SOLE VOTING POWER
       SHARES              29,100 Shares of Class A Common Stock
    BENEFICIALLY    ------------------------------------------------------------------------------------------
      OWNED BY       6     SHARED VOTING POWER
        EACH               22,300 Shares of Class A Common Stock
      REPORTING     ------------------------------------------------------------------------------------------
       PERSON        7     SOLE DISPOSITIVE POWER
        WITH               
                    ------------------------------------------------------------------------------------------
                     8     SHARED DISPOSITIVE POWER
                           143,600 Shares of Class A Common Stock
- ---------------------------------------------------------------------------------------------------------------
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
      143,600 Shares of Class A Common Stock. These 143,600 shares are beneficially owned by other
        non-reporting entities as well as MFS.
- --------------------------------------------------------------------------------------------------------------
 10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------------------------------------
 11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
      0.6%
- --------------------------------------------------------------------------------------------------------------
 12   TYPE OF REPORTING PERSON*
      IA
- --------------------------------------------------------------------------------------------------------------
</TABLE>
 
                      *SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>   3
 
CUSIP NO. 009058108
                                      13G
                                                               PAGE 3 OF 5 PAGES
 
<TABLE>
<S>   <C>
- --------------------------------------------------------------------------------------------------------------
  1   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Massachusetts Investors Growth Stock Fund
        I.R.S. Identification No.:   04-1885327
- --------------------------------------------------------------------------------------------------------------
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
      (a)  / /       (b)  / /
- --------------------------------------------------------------------------------------------------------------
  3   SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------
  4   CITIZENSHIP OR PLACE OF ORGANIZATION
      Massachusetts
- --------------------------------------------------------------------------------------------------------------
      NUMBER OF       5    SOLE VOTING POWER
       SHARES
    BENEFICIALLY     -----------------------------------------------------------------------------------------
      OWNED BY        6    SHARED VOTING POWER
        EACH               0 Shares of Class A Common Stock
      REPORTING      -----------------------------------------------------------------------------------------
       PERSON         7    SOLE DISPOSITIVE POWER
        WITH               
                     -----------------------------------------------------------------------------------------
                      8    SHARED DISPOSITIVE POWER
                           0 Shares of Class A Common Stock
- ---------------------------------------------------------------------------------------------------------------
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
      0 Shares
- --------------------------------------------------------------------------------------------------------------
 10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------------------------------------
 11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
      0%
- --------------------------------------------------------------------------------------------------------------
 12   TYPE OF REPORTING PERSON*
      IV
- --------------------------------------------------------------------------------------------------------------
</TABLE>
 
                      *SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>   4



SCHEDULE 13G                                                   Page 4 of 5 Pages
 
<TABLE>
<S>         <C>    <C>
Item 1:     (a)    Name of Issuer:
                   Air and Water Technologies
            (b)    Address of Issuer's Principal Executive Offices:
                   P.O. Box 1500
                   Somerville, NJ 08876
Item 2:     (a)    Name of Person Filing:
                   Massachusetts Financial Services Company ("MFS")*
            (b)    Address of Principal Business Office or, if none, Residence:
                   For MFS and MIG:
                   500 Boylston Street
                   Boston, MA 02116
            (c)    Citizenship:
                   For MFS, see Item 4 on page 2; for MIG, see Item 4 on Page 3.
            (d)    Title of Class of Securities:
                   Class A Common Stock
            (e)    CUSIP Number:
                   009058108
Item 3:            For MFS, see Item 12 on page 2; for MIG, see Item 12 on page 3.
Item 4:     (a)    Amount Beneficially Owned:
                   For MFS, see Item 9 on page 2; for MIG, see Item 9 on page 3.
            (b)    Percent of Class:
                   For MFS, see Item 11 on page 2; for MIG, see Item 11 on page 3.
            (c)    Number of shares as to which such person has:
                   For MFS, see Items 5, 6 and 8 on page 2; for MIG, see Items 6 and 8
                   on page 3.
<FN> 
- ---------------
* This Schedule 13G is filed pursuant to Rule 13d-1(f) on behalf of
  Massachusetts Investors Growth Stock Fund ("MIG") (see page 3). See Exhibit 1
  attached hereto.

</TABLE>

<PAGE>   5
 
SCHEDULE 13G                                                   Page 5 of 5 Pages
 
<TABLE>
<S>                <C>
Item 5:            Ownership of Five Percent or Less of a Class:
                   [X] This statement is being filed to report that MFS and MIG have
                   ceased to be the beneficial owner of more than 5% of the Common
                   Stock of Air and Water Technologies
Item 6:            Ownership of More than Five Percent on Behalf of Another Person:
                   INAPPLICABLE
Item 7:            Identification and Classification of the Subsidiary Which Acquired
                   the Security Being Reported on By the Parent Holding Company:
                   INAPPLICABLE
Item 8:            Identification and Classification of Members of the Group:
                   INAPPLICABLE
Item 9:            Notice of Dissolution of Group:
                   INAPPLICABLE
Item 10:           Certification:
</TABLE>
 
         By signing below I certify that to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.

         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: February 8, 1994
 
Massachusetts Financial Services Company
 
          
By:       ARNOLD D. SCOTT
- -----------------------------------
          Arnold D. Scott
 Senior Executive Vice President,
      Secretary and Director
<PAGE>   6
 
                                                                       EXHIBIT 1
 
                   MASSACHUSETTS INVESTORS GROWTH STOCK FUND
               500 BOYLSTON STREET - BOSTON - MASSACHUSETTS 02116
                                 617 - 954-5000
 
                                        February 8, 1994
 
Massachusetts Financial Services Company
500 Boylston Street
Boston, MA 02116
 
      Re:   Rule 13d-1
 
Gentlemen:
 
      This letter is to memorialize our agreement that you shall file all
statements on Schedule 13G required to be filed on behalf of Massachusetts
Investors Growth Stock Fund pursuant to Rule 13d-1 under the Securities Exchange
Act of 1934. If the foregoing is acceptable to you, please sign and return to us
the enclosed copy of this letter.
 
                                        Very truly yours,
 
                                        W. THOMAS LONDON
                                        W. Thomas London
                                        Treasurer
 
The foregoing is acceptable.
 
MASSACHUSETTS FINANCIAL SERVICES COMPANY
 
            
By:         ARNOLD D. SCOTT
- ----------------------------------------
            Arnold D. Scott
    Senior Executive Vice President,
         Secretary and Director


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