ROBBINS & MYERS INC
SC 13G, 1999-02-16
PUMPS & PUMPING EQUIPMENT
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                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                 ------------

                                  SCHEDULE 13G
                                (RULE 13D - 102)

                   INFORMATION TO BE INCLUDED IN STATEMENTS
                 PURSUANT TO RULES 13D-1(b), (c) AND (d) AND
              AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(b)

                               (AMENDMENT NO. )(1)

                              ROBBINS & MYERS, INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                                  COMMON STOCK
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   77019610
- --------------------------------------------------------------------------------
                                 (CUSIP Number)


        -----------------------------------------------------------------
           (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)

    (1)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 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).



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===========================                           ==========================
                                      13G
CUSIP NO. 77019610                                        PAGE 2 OF 9 PAGES
===========================                           ==========================


- --------------------------------------------------------------------------------
1.     NAMES OF REPORTING PERSONS
       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

       Forest Investment Management LLC

- --------------------------------------------------------------------------------
2.     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               (a) [   ]
                                                                       (b) [   ]

- --------------------------------------------------------------------------------
3.     SEC USE ONLY

- --------------------------------------------------------------------------------
4.     CITIZENSHIP OR PLACE OF ORGANIZATION

       Delaware
- --------------------------------------------------------------------------------
                  5.  SOLE VOTING POWER
                      660,550
  NUMBER OF       --------------------------------------------------------------
   SHARES         6.  SHARED VOTING POWER
BENEFICIALLY          zero
  OWNED BY        --------------------------------------------------------------
    EACH          7.  SOLE DISPOSITIVE POWER
  REPORTING           660,550
 PERSON WITH      --------------------------------------------------------------
                  8.  SHARED DISPOSITIVE POWER
                      zero
- --------------------------------------------------------------------------------
9.     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       660,550
- --------------------------------------------------------------------------------
10.    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
       CERTAIN SHARES*                                                   [    ]

- --------------------------------------------------------------------------------
11.    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       6.1%
- --------------------------------------------------------------------------------
12.    TYPE OF REPORTING PERSON*

       IA
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


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===========================                           ==========================
                                      13G
CUSIP NO. 77019610                                        PAGE 3 OF 9 PAGES
===========================                           ==========================


- --------------------------------------------------------------------------------
1.     NAMES OF REPORTING PERSONS
       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

       Founders Financial Group, L.P.   

- --------------------------------------------------------------------------------
2.     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               (a) [   ]
                                                                       (b) [   ]

- --------------------------------------------------------------------------------
3.     SEC USE ONLY

- --------------------------------------------------------------------------------
4.     CITIZENSHIP OR PLACE OF ORGANIZATION

       Delaware
- --------------------------------------------------------------------------------
                  5.  SOLE VOTING POWER
                      660,550
  NUMBER OF       --------------------------------------------------------------
   SHARES         6.  SHARED VOTING POWER
BENEFICIALLY          zero
  OWNED BY        --------------------------------------------------------------
    EACH          7.  SOLE DISPOSITIVE POWER
  REPORTING           660,550
 PERSON WITH      --------------------------------------------------------------
                  8.  SHARED DISPOSITIVE POWER
                      zero
- --------------------------------------------------------------------------------
9.     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       660,550
- --------------------------------------------------------------------------------
10.    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
       CERTAIN SHARES*                                                   [    ]

- --------------------------------------------------------------------------------
11.    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       6.1%
- --------------------------------------------------------------------------------
12.    TYPE OF REPORTING PERSON*

       PN
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


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===========================                           ==========================
                                      13G
CUSIP NO. 77019610                                        PAGE 4 OF 9 PAGES
===========================                           ==========================


- --------------------------------------------------------------------------------
1.     NAMES OF REPORTING PERSONS
       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

       Michael A. Boyd, Inc.              

- --------------------------------------------------------------------------------
2.     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               (a) [   ]
                                                                       (b) [   ]

- --------------------------------------------------------------------------------
3.     SEC USE ONLY

- --------------------------------------------------------------------------------
4.     CITIZENSHIP OR PLACE OF ORGANIZATION

       Connecticut
- --------------------------------------------------------------------------------
                  5.  SOLE VOTING POWER
                      660,550
  NUMBER OF       --------------------------------------------------------------
   SHARES         6.  SHARED VOTING POWER
BENEFICIALLY          zero
  OWNED BY        --------------------------------------------------------------
    EACH          7.  SOLE DISPOSITIVE POWER
  REPORTING           660,550
 PERSON WITH      --------------------------------------------------------------
                  8.  SHARED DISPOSITIVE POWER
                      zero
- --------------------------------------------------------------------------------
9.     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       660,550
- --------------------------------------------------------------------------------
10.    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
       CERTAIN SHARES*                                                   [    ]

- --------------------------------------------------------------------------------
11.    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       6.1%
- --------------------------------------------------------------------------------
12.    TYPE OF REPORTING PERSON*

       CO
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


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===========================                           ==========================
                                      13G
CUSIP NO. 77019610                                        PAGE 5 OF 9 PAGES
===========================                           ==========================


- --------------------------------------------------------------------------------
1.     NAMES OF REPORTING PERSONS
       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

       Michael A. Boyd                   

- --------------------------------------------------------------------------------
2.     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               (a) [   ]
                                                                       (b) [   ]

- --------------------------------------------------------------------------------
3.     SEC USE ONLY

- --------------------------------------------------------------------------------
4.     CITIZENSHIP OR PLACE OF ORGANIZATION

       United States
- --------------------------------------------------------------------------------
                  5.  SOLE VOTING POWER
                      660,550
  NUMBER OF       --------------------------------------------------------------
   SHARES         6.  SHARED VOTING POWER
BENEFICIALLY          zero
  OWNED BY        --------------------------------------------------------------
    EACH          7.  SOLE DISPOSITIVE POWER
  REPORTING           660,550
 PERSON WITH      --------------------------------------------------------------
                  8.  SHARED DISPOSITIVE POWER
                      zero
- --------------------------------------------------------------------------------
9.     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       660,550
- --------------------------------------------------------------------------------
10.    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
       CERTAIN SHARES*                                                   [    ]

- --------------------------------------------------------------------------------
11.    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       6.1%
- --------------------------------------------------------------------------------
12.    TYPE OF REPORTING PERSON*

       IN
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>

===========================                           ==========================
                                      13G
CUSIP NO. 77019610                                        PAGE 6 OF 9 PAGES
===========================                           ==========================


ITEM 1.
            (A)  NAME OF ISSUER.

            Robbins & Myers, Inc. (the "Issuer").

            (B)  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.

            The  Issuer's  principal  executive  offices  are  located  at  1400
Kettering Tower, Dayton, Ohio  45423.

ITEM 2.
            (A)  NAMES OF PERSONS FILING.

            This  statement  is filed  by  the  following  persons:  (a)  Forest
Investment   Management  LLC,  an  Investment  Advisor  registered   under   the
Investment  Advisors  Act   of  1940,  as   amended  ("Forest"),   (b)  Founders
Financial  Group  L.P.  ("Founders"),  in   its  capacity  as  the  owner  of  a
controlling  interest in Forest,  (c) Michael A. Boyd,  Inc. ("MAB,  Inc."),  in
its capacity as the general  partner of  Founders and (d) Michael  A. Boyd ("Mr.
Boyd"),  in  his capacity  as the sole  director and  shareholder  of MAB,  Inc.
(collectively, the "Filing Parties").

            (B)  ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE.

            The principal  business  office of  each of the Filing Parties is 53
Forest Avenue, Old Greenwich, Connecticut 06870.

            (C)  CITIZENSHIP.

            Forest is  a Delaware  Limited  Liability  Company.  Founders  is  a
Delaware  limited  partnership.  MAB,  Inc. is  a Connecticut  corporation.  Mr.
Boyd is a United States citizen.

            (D) TITLE OF CLASS OF SECURITIES.

            This  statement  relates  to  shares of Common  Stock  (the  "Common
Stock") of the Issuer.


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===========================                           ==========================
                                      13G
CUSIP NO. 77019610                                        PAGE 7 OF 9 PAGES
===========================                           ==========================


            (E)  CUSIP NUMBER.

            77019610

ITEM 3. IF THIS  STATEMENT IS FILED  PURSUANT TO RULE  13D-1(B),  OR 13D-2(B) OR
        (C), CHECK WHETHER THE PERSON FILING IS A:

            (a)   |_|   Broker or dealer  registered  under  Section 15 of the
                        Act,

            (b)   |_|   Bank as defined in Section 3(a)(6) of the Act,

            (c)   |_|   Insurance  Company as defined in Section  3(a)(19)  of
                        the Act,

            (d)   |_|   Investment  Company  registered under Section 8 of the
                        Investment Company Act,

            (e)   |X|   Investment  Adviser  registered  under  Section 203 of
                        the Investment Advisers Act of 1940,

            (f)   |_|   Employee Benefit Plan, Pension Fund which is subject
                        to the  provisions  of the  Employee  Retirement  Income
                        Security Act of 1974 or Endowment Fund; SEE
                        13d-1(b)(1)(ii)(F),

            (g)   |_|   Parent  Holding  Company,   in  accordance  with  Rule
                        13d-1(b)(ii)(G); SEE Item 7,

            (h)   |_|   Group, in accordance with Rule 13d-1(b)(1)(ii)(H).

ITEM 4.     OWNERSHIP.

            (A)   AMOUNT BENEFICIALLY OWNED.

                  Each  of  Forest,   Founders,   MAB,   Inc.   and   Mr.   Boyd
beneficially owns 660,550 shares of Common Stock.

            (B)   PERCENT OF CLASS.

                  Each of Forest,  Founders, MAB, Inc. and Mr. Boyd owns 6.1% of
the Common Stock.


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===========================                           ==========================
                                      13G
CUSIP NO. 77019610                                        PAGE 8 OF 9 PAGES
===========================                           ==========================


            (C)   POWER TO VOTE OR DIRECT THE VOTE AND  DISPOSE OR DIRECT THE
DISPOSITION OF SECURITIES.

            Each of Forest,  Founders,  MAB,  Inc. and  Mr. Boyd  has sole power
to vote or  dispose  or to direct  the vote or  disposition  of  the  shares  of
Common Stock.

ITEM 5.     OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

            If this  statement  is being filed to report the fact that as of the
date hereof the reporting  person has ceased to be the beneficial  owner of more
than five percent of the class of  securities,  check the  following [ ] 

ITEM 6.     OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

            Not applicable.

ITEM 7.     IDENTIFICATION   AND   CLASSIFICATION   OF   THE   SUBSIDIARY  WHICH
            ACQUIRED  THE  SECURITY  BEING  REPORTED ON  BY  THE PARENT  HOLDING
            COMPANY.

            Not applicable.

ITEM 8.     IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

            Not applicable.

ITEM 9.     NOTICE OF DISSOLUTION OF GROUP.
            Not applicable.

ITEM 10.    CERTIFICATION.

            By signing  below I certify  that,  to the best of my 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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===========================                           ==========================
                                      13G
CUSIP NO. 77019610                                        PAGE 9 OF 9 PAGES
===========================                           ==========================



                                    SIGNATURE

            After reasonable inquiry and to the best knowledge and belief of the
undersigned,  the  undersigned  certify that the  information  set forth in this
statement is true, complete and correct.


                                    FOREST INVESTMENT MANAGEMENT LLC



Dated:  February 10, 1999           By:  /S/ MICHAEL A. BOYD
                                       -----------------------------------------
                                       Michael A. Boyd, Chairman


                                    FOUNDERS FINANCIAL GROUP, L.P.



Dated:  February 10, 1999           By:  /S/ MICHAEL A. BOYD
                                       -----------------------------------------
                                       Michael A. Boyd, Chairman



                                    MICHAEL A. BOYD, INC.



Dated: February 10,  1999           By:  /S/ MICHAEL A. BOYD
                                       -----------------------------------------
                                       Name:  Michael A. Boyd
                                       Title:  President


                                    MICHAEL A. BOYD



Dated:  February 10,  1999          By:  /S/ MICHAEL A. BOYD
                                       -----------------------------------------
                                       Name: Michael A. Boyd



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