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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
Under the Securities Act of 1934
Aaon, Inc.
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(Name of Issuer)
Common Stock, $.004 par value per share
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(Title of Class of Securities)
000360206
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(CUSIP Number)
July 27, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[_] Rule 13d-1(c)
[_] Rule 13d-1(d)
The information required in the remainder of this cover page (except any items
to which the form provides a cross-reference) shall not be deemed to be "filed"
for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act")
or otherwise subject to the liabilities of that section of the Act but shall be
subject to all other provisions of the Act.
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CUSIP No. 000360206 13G Page 2 of 10 Pages
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1 Name of Reporting Person Steven A. Van Dyke
I.R.S. Identification No. of Above Person Not applicable
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2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_]
(b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
United States
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Number of Shares 5 Sole Voting Power
0
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Beneficially 6 Shared Voting Power
Owned by
1,044,990
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Each Reporting 7 Sole Dispositive Power
0
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Person With 8 Shared Dispositive Power
1,044,990
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,044,990
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10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [_]
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11 Percent of Class Represented by Amount in Row (9)
16.8%
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12 Type of Reporting Person (See Instructions)
IN, HC
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CUSIP No. 000360206 13G Page 3 of 10 Pages
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1 Name of Reporting Person Douglas P. Teitelbaum
I.R.S. Identification No. of Above Person Not applicable
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2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_]
(b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
United States
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Number of Shares 5 Sole Voting Power
0
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Beneficially 6 Shared Voting Power
Owned by
1,044,990
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Each Reporting 7 Sole Dispositive Power
0
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Person With 8 Shared Dispositive Power
1,044,990
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,044,990
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10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [_]
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11 Percent of Class Represented by Amount in Row (9)
16.8%
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12 Type of Reporting Person (See Instructions)
IN, HC
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CUSIP No. 000360206 13G Page 4 of 10 Pages
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1 Name of Reporting Person Tower Investment Group, Inc.
I.R.S. Identification No. of Above Person 59-2924229
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2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_]
(b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
Florida
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Number of Shares 5 Sole Voting Power
1,044,990
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Beneficially 6 Shared Voting Power
Owned by
0
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Each Reporting 7 Sole Dispositive Power
1,044,990
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Person With 8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,044,990
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10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [_]
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11 Percent of Class Represented by Amount in Row (9)
16.8%
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12 Type of Reporting Person (See Instructions)
HC
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CUSIP No. 000360206 13G Page 5 of 10 Pages
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1 Name of Reporting Person Bay Harbour Management, L.C.
I.R.S. Identification No. of Above Person 59-3418243
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2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_]
(b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
Florida
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Number of Shares 5 Sole Voting Power
1,044,990
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Beneficially 6 Shared Voting Power
Owned by
0
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Each Reporting 7 Sole Dispositive Power
1,044,990
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Person With 8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,044,990
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10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [_]
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11 Percent of Class Represented by Amount in Row (9)
16.8%
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12 Type of Reporting Person (See Instructions)
IA
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CUSIP No. 000360206 13G Page 6 of 10 Pages
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Item 1(a) Name of Issuer:
Aaon, Inc. (the "Issuer")
Item 1(b) Address of Issuer's Principal Executive Offices:
2425 South Yukon
Tulsa, Oklahoma 74107
Item 2(a) Name of Person(s) Filing:
Bay Harbour Management, L.C. ("Bay Harbour"), Tower Investment
Group, Inc. ("Tower"), as the majority stockholder of Bay
Harbour, Steven A. Van Dyke ("Mr. Van Dyke"), in his capacity as
a stockholder and President of Tower, and Douglas P. Teitelbaum
("Mr. Teitelbaum"), in his capacity as a stockholder of Tower.
Item 2(b) Address of Principal Business Office:
The principal business address of Bay Harbour, Tower and Mr. Van
Dyke is 777 South Harbour Island Boulevard, Suite 270, Tampa,
Florida 33602. Mr. Teitelbaum's principal business address is 885
Third Avenue, 34th Floor, New York, NY 10022.
Item 2(c) Citizenship:
Bay Harbour - Florida
Tower - Florida
Mr. Van Dyke - United States
Mr. Teitelbaum - United States
Item 2(d) Title of Class of Securities
Common Stock, $.004 par value per share ("Aaon Common Stock")
Item 2(e) CUSIP Number:
000360206
Item 3 The person(s) filing is (are):
Bay Harbour is an investment adviser registered under Section 203
of the Investment Advisers Act of 1940.
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CUSIP No. 000360206 13G Page 7 of 10 Pages
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Tower is a parent holding company of Bay Harbour.
Mr. Van Dyke is a "parent holding company" of Bay Harbour.
Mr. Teitelbaum is a "parent holding company" of Bay Harbour.
Item 4(a) Amount Beneficially Owned:
As of July 27, 1999, Bay Harbour may be deemed to be the beneficial
owner of 1,044,990 shares of Aaon Common Stock as a result of voting
and dispositive power that it held with respect to the 1,044,990
shares of Aaon Common Stock held for the account of five private
investment funds and three managed accounts.
As of July 27, 1999, Tower may be deemed to be the beneficial owner
of the 1,044,990 shares of Aaon Common Stock deemed to be
beneficially owned by Bay Harbour as referred to above. Tower is the
majority stockholder of Bay Harbour.
As of July 27, 1999, Mr. Van Dyke may be deemed beneficial owner of
1,044,990 shares of Aaon Common Stock deemed to be beneficially
owned by Bay Harbour as referred to above. Mr. Van Dyke is a
stockholder and President of Tower.
As of July 27, 1999, Mr. Teitelbaum may be deemed the beneficial
owner of 1,044,990 shares of Aaon Common Stock deemed to be
beneficially owned by Bay Harbour as referred to above. Mr.
Teitelbaum is a stockholder of Tower.
Item 4(b) Percent of Class:
16.8%
Item 4(c): Number of shares as to which Bay Harbour has:
(i) sole power to vote or direct the vote: 1,044,990
(ii) shared power to vote or to direct the vote: 0
(iii) the sole power to dispose of or to direct the disposition of:
1,044,990
(iv) shared power to dispose of or to direct the disposition of: 0
Bay Harbour does not currently possess any rights to acquire
additional shares of Aaon Common Stock.
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CUSIP No. 000360206 13G Page 8 of 10 Pages
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Number of shares as to which Tower has:
(i) sole power to vote or direct the vote: 1,044,990
(ii) shared power to vote or to direct the vote: 0
(iii) the sole power to dispose of or to direct the disposition of:
1,044,990
(iv) shared power to dispose of or to direct the disposition of: 0
Tower does not currently possess any rights to acquire additional
shares of Aaon Common Stock.
Number of shares as to which Mr. Van Dyke has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or to direct the vote: 1,044,990
(iii) the sole power to dispose of or to direct the disposition of:
0
(iv) shared power to dispose of or to direct the disposition of:
1,044,990
Mr. Van Dyke does not currently possess any rights to acquire
additional shares of Aaon Common Stock.
Number of shares as to which Mr. Teitelbaum has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or to direct the vote: 1,044,990
(iii) the sole power to dispose of or to direct the disposition of:
0
(iv) shared power to dispose of or to direct the disposition of:
1,044,990
Mr. Teitelbaum does not currently possess any rights to acquire
additional shares of Aaon Common Stock.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable
Item 6. Ownership of More than 5% on Behalf of Another Person.
The limited partners of the partnerships and the investors in the managed
accounts for which Bay Harbour acts as an investment adviser have the right to
participate in the receipt of dividends from, or proceeds from the sale of,
securities held by their funds or accounts, as the case may be. Other than
Trophy Hunter Investments, Ltd., no such fund, single limited partner of any of
such funds nor any investor in a
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CUSIP No. 000360206 13G Page 9 of 10 Pages
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managed account has the right to receive, nor the power to direct the receipt of
dividends from, or proceeds from the sale of, shares of Aaon Common Stock
reported in this Schedule 13G representing more than five percent of the
outstanding Aaon Common Stock.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
See Item 3 hereof.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of the Group.
Not applicable.
Item 10. Certification.
By signing below, each of the undersigned certifies that, to the best
of such person's knowledge and belief, the securities referred to
above were acquired and are held in the ordinary course of business
and were not acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with
or as a participant in any transaction having that purpose or effect.
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CUSIP No. 000360206 13G Page 10 of 10 Pages
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SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief,
each of the undersigned certify that the information set forth in this statement
is true, complete and correct.
BAY HARBOUR MANAGEMENT, L.C.
Date: July 29, 1999 By: /s/ Steven A. Van Dyke
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Name: Steven A. Van Dyke
Title: President and Chief
Executive Officer
TOWER INVESTMENT GROUP, INC.
Date: July 29, 1999 By: /s/ Steven A. Van Dyke
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Name: Steven A. Van Dyke
Title: President
Date: July 29, 1999 /s/ Steven A. Van Dyke
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Steven A. Van Dyke
Date: July 29, 1999 /s/ Douglas P. Teitelbaum
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Douglas P. Teitelbaum
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Exhibit Index
Exhibit I Joint Filing Agreement, dated July 29, 1999, by and among Bay Harbour
Management, L.C., Tower Investment Group, Inc., Steven A. Van Dyke
and Douglas P. Teitelbaum.
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Exhibit I
Joint Filing Agreement
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement shall be filed on behalf of each of the
undersigned without the necessity of filing additional joint filing agreements.
The undersigned acknowledge that each shall be responsible for the timely filing
of such amendments, and for the completeness and accuracy of the information
concerning it contained therein, but shall not be responsible for the
completeness and accuracy of the information concerning the others, except to
the extent that it knows or has reason to believe that such information is
inaccurate.
This Agreement may be executed in counterparts and each of such
counterparts taken together shall constitute one and the same instrument.
BAY HARBOUR MANAGEMENT, L.C.
Date: July 29, 1999 By: /s/ Steven A. Van Dyke
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Name: Steven A. Van Dyke
Title: President and Chief
Executive Officer
TOWER INVESTMENT GROUP, INC.
Date: July 29, 1999 By: /s/ Steven A. Van Dyke
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Name: Steven A. Van Dyke
Title: President
Date: July 29, 1999 /s/ Steven A. Van Dyke
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Steven A. Van Dyke
Date: July 29, 1999 /s/ Douglas P. Teitelbaum
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Douglas P. Teitelbaum
