<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 6)
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INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13D-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
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)
BAY HARBOUR MANAGEMENT, L.C.
TOWER INVESTMENT GROUP, INC.
STEVEN A. VAN DYKE
777 South Harbour Island Boulevard, Suite 270
Tampa, Florida 33602
(813) 272-1992
DOUGLAS P. TEITELBAUM
885 Third Avenue
34th Floor
New York, New York 10022
(212) 371-2211
--------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
May 5, 1999
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(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 of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box. [ ]
Note. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7(b)
for other parties to whom copies are to be sent.
(Continued on the following pages)
(Page 1 of 8 Pages)
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CUSIP No. 000360206 13D Page 2 of 8 Pages
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- -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Steven A. Van Dyke
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON N/A
- -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 SOURCE OF FUNDS OO, PF
- -----------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) / /
- -----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
- -----------------------------------------------------------------------------
Number of 7 SOLE VOTING POWER -0-
Shares -------------------------------------------------------------
Beneficially 8 SHARED VOTING POWER 992,690
Owned by -------------------------------------------------------------
Each 9 SOLE DISPOSITIVE POWER -0-
Reporting -------------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER 992,690
- -----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
992,690
- -----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
- -----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.95%
- -----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN, HC
- -----------------------------------------------------------------------------
<PAGE>
CUSIP No. 000360206 13D Page 3 of 8 Pages
- ------------------- -----------------
- -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Douglas P. Teitelbaum
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON N/A
- -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- -----------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) / /
- -----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
- -----------------------------------------------------------------------------
Number of 7 SOLE VOTING POWER -0-
Shares -------------------------------------------------------------
Beneficially 8 SHARED VOTING POWER 992,690
Owned by -------------------------------------------------------------
Each 9 SOLE DISPOSITIVE POWER -0-
Reporting -------------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER 992,690
- -----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
992,690
- -----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
- -----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.95%
- -----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN, HC
- -----------------------------------------------------------------------------
<PAGE>
CUSIP No. 000360206 13D Page 4 of 8 Pages
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- -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Tower Investment Group, Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 59-2924229
- -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- -----------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) / /
- -----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida
- -----------------------------------------------------------------------------
Number of 7 SOLE VOTING POWER 992,690
Shares -------------------------------------------------------------
Beneficially 8 SHARED VOTING POWER -0-
Owned by -------------------------------------------------------------
Each 9 SOLE DISPOSITIVE POWER 992,690
Reporting -------------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER -0-
- -----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
992,690
- -----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
- -----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.95%
- -----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON HC
- -----------------------------------------------------------------------------
<PAGE>
CUSIP No. 000360206 13D Page 5 of 8 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
- -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- -----------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) / /
- -----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida
- -----------------------------------------------------------------------------
Number of 7 SOLE VOTING POWER 992,690
Shares -------------------------------------------------------------
Beneficially 8 SHARED VOTING POWER -0-
Owned by -------------------------------------------------------------
Each 9 SOLE DISPOSITIVE POWER 992,690
Reporting -------------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER -0-
- -----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
992,690
- -----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
- -----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.95%
- -----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IA
- -----------------------------------------------------------------------------
<PAGE>
CUSIP No. 000360206 13D Page 6 of 8 Pages
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This Amendment No. 6 amends and supplements the Statement on
Schedule 13D, originally filed with the U.S. Securities and Exchange
Commission (the "SEC") on October 27, 1998, by Bay Harbour Management, L.C.
("Bay Harbour"), Tower Investment Group, Inc. ("Tower"), as the majority
stockholder of Bay Harbour, Steven A. Van Dyke ("Van Dyke"), in his capacity
as a stockholder and President of Tower, and Douglas P. Teitelbaum
("Teitelbaum"), in his capacity as a stockholder of Tower, as amended by
Amendment No. 1 thereto filed with the SEC on February 19, 1999, Amendment
No. 2 thereto filed with the SEC on March 12, 1999, Amendment No. 3 thereto
filed with the SEC on April 6, 1999, Amendment No. 4 thereto filed with the
SEC on April 7, 1999 and Amendment No. 5 thereto filed with the SEC on April
16, 1999, (the "Schedule 13D"). Capitalized terms used herein and not
otherwise defined have the meanings assigned to them in the Schedule 13D.
ITEM 5 INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended in its entirety to read as follows:
(a) As of the filing date of this Statement, each Reporting
Persons beneficially own 992,690 shares of Aaon Common Stock, which represent
approximately 15.95% of Aaon Common Stock outstanding based upon 6,225,449
shares of Aaon Common Stock outstanding as of March 1, 1999 as set forth in
the Company's annual report filed on Form 10-K on March 25, 1999 with the
SEC. For purposes of disclosing the number of shares beneficially owned by
each of the Reporting Persons, (A) Van Dyke and Teitelbaum are deemed to
beneficially own all shares of Aaon Common Stock that are beneficially owned
by Tower and Bay Harbour and (B) Tower is deemed to beneficially own all
shares of Aaon Common Stock that are beneficially owned by Bay Harbour.
(b) Each Reporting Person has (i) the sole power to vote or
direct the vote of the 992,690 shares of Aaon Common Stock held by Bay
Harbour; and (ii) the sole power to dispose of or to direct the disposition
of such 992,690 shares of Aaon Common Stock; except that Van Dyke and
Teitelbaum share with each other their voting and disposition power.
(c) Information concerning transactions in the Shares of Aaon
Common Stock by the Reporting Persons since the last amendment of this
Schedule 13D is set forth below. All of the shares of Aaon Common Stock
listed below were purchased in open market purchases.
<TABLE>
<CAPTION>
Purchasing Entity Transaction Date Number of Shares Price per Share
<S> <C> <C> <C>
Bay Harbour 4/27/99 32,000 11.21
Bay Harbour 4/28/99 6,900 11.26
Bay Harbour 4/29/99 25,000 11.30
Bay Harbour 5/05/99 1,400 11.19
</TABLE>
(d) The 992,690 shares of Aaon Common Stock held by Bay
Harbour reported in this Statement are beneficially owned by Van Dyke,
Teitelbaum, Tower and Bay Harbour for the benefit of certain investment
partnerships and managed accounts over which Van Dyke, Teitelbaum, Tower and
Bay Harbour control the power to (i) direct the voting of such shares of Aaon
Common Stock and (ii) dispose of such shares of Aaon Common Stock. The
limited partners of the investment 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
<PAGE>
CUSIP No. 000360206 13D Page 7 of 8 Pages
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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
managed account has the right to receive or the power to direct the receipt
of dividends from, or proceeds from the sale of, shares of Aaon Common Stock
reported in this Schedule 13D representing more than five percent of the
outstanding Aaon Common Stock.
(e) Not applicable
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CUSIP No. 000360206 13D Page 8 of 8 Pages
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SIGNATURES
After reasonable inquiry and to the best knowledge and belief of
the undersigned, the undersigned certifies that the information set forth in
this statement is true, complete and correct.
Dated as of: May 6, 1999 TOWER INVESTMENT GROUP, INC.
By: /s/ Steven A. Van Dyke
-------------------------------
Name: Steven A. Van Dyke
Title: President
BAY HARBOUR MANAGEMENT, L.C.
By: /s/ Steven A. Van Dyke
-------------------------------
Name: Steven A. Van Dyke
Title: President
/s/ Steven A. Van Dyke
-------------------------------
Steven A. Van Dyke
/s/ Douglas P. Teitelbaum
-------------------------------
Douglas P. Teitelbaum
