SEC 1746
(2-98)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
GZA GeoEnvironmental Technologies, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
362386104
(CUSIP Number)
William R. Beloff, 9 Bridie Lane, Norfolk, Massachusetts 02056
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 17, 2000
(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 that is the subject of this
Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e),
240.13d-1(f) or 240.13d-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 Section 240.13d-7 for other parties to whom copies are to be sent.
* 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 disclosures
provided in a prior cover page.
The information required on 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).
CUSIP No. 362386104
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
Futureco Environmental Inc. ("Futureco")
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only ...........................................
4. Source of Funds (See Instructions) .
....00
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) .................
6. Citizenship or Place of Organization Delaware
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power
8. Shared Voting Power 865,604
9. Sole Dispositive Power
10. Shared Dispositive Power 865,604
11. Aggregate Amount Beneficially Owned by Each Reporting Person 865,604
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) ...X........
13. Percent of Class Represented by Amount in Row 11 23.6%
14. Type of Reporting Person (See Instructions)
CO.................................................................
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
William R. Beloff
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only ...........................................................
4. Source of Funds (See Instructions) .
....PF
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) .................
6. Citizenship or Place of Organization Massachusetts
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power 41,848
8. Shared Voting Power
9. Sole Dispositive Power 41,848
10. Shared Dispositive Power ...............................................
11. Aggregate Amount Beneficially Owned by Each Reporting Person 41,848
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) ...X........
13. Percent of Class Represented by Amount in Row 11 1.1%
14. Type of Reporting Person (See Instructions)
.....IN
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
Joseph P. Hehir
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only ..........................................................
4. Source of Funds (See Instructions) .
PF
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) .................
6. Citizenship or Place of Organization Massachusetts
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power 38,140
8. Shared Voting Power
9. Sole Dispositive Power 38,140
10. Shared Dispositive Power ...............................................
11. Aggregate Amount Beneficially Owned by Each Reporting Person 38,140
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) ...X........
13. Percent of Class Represented by Amount in Row 11 1.0%
14. Type of Reporting Person (See Instructions)
.....IN............................................................
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
Lawrence Feldman
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only .........................................................
4. Source of Funds (See Instructions) .
....PF
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) .................
6. Citizenship or Place of Organization Massachusetts
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power 55,327
8. Shared Voting Power
9. Sole Dispositive Power 55,327
10. Shared Dispositive Power ..............................................
11. Aggregate Amount Beneficially Owned by Each Reporting Person 55,327
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) ...X........
13. Percent of Class Represented by Amount in Row 11 1.5%
14. Type of Reporting Person (See Instructions)
.....IN............................................................
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
William E. Hadge
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only .........................................................
4. Source of Funds (See Instructions) .
....PF
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) .................
6. Citizenship or Place of Organization Massachusetts
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power 19,386
8. Shared Voting Power
9. Sole Dispositive Power 19,386
10. Shared Dispositive Power .............................................
11. Aggregate Amount Beneficially Owned by Each Reporting Person 19,386
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) ...X........
13. Percent of Class Represented by Amount in Row 11 0.5%
14. Type of Reporting Person (See Instructions)
.....IN............................................................
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
M. Joseph Celi
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only ..........................................................
4. Source of Funds (See Instructions) .
....PF
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) .................
6. Citizenship or Place of Organization Massachusetts
*
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power 24,382
8. Shared Voting Power
9. Sole Dispositive Power 24,382
10. Shared Dispositive Power .............................................
11. Aggregate Amount Beneficially Owned by Each Reporting Person 24,382
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) ...X........
13. Percent of Class Represented by Amount in Row 11 0.7%
14. Type of Reporting Person (See Instructions)
.....IN..........................................................
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This Amendment No. 3 relates to the Schedule 13D originally filed on
behalf of Futureco with the Securities and Exchange Commission on
March 31, 2000. The text of Item 4 is hereby amended to reflect that
on May 17, 2000 GZA entered into a letter of intent with Futureco.
Item
4. Purpose of Transaction
On March 21, 2000, Futureco, whose principals are members of senior
management of GZA, entered into a Purchase Agreement with each of
Donald T. Goldberg, William S. Zoino, and John E. Ayers (collectively
the "Selling Shareholders") to purchase a total of 646,604 shares
of GZA's common stock from the Selling Shareholders which Purchase
Agreements include agreements from the Selling Shareholders to vote
in favor of any merger proposed by Futureco as hereinafter described.
Also on March 21, 2000, Futureco made a preliminary proposal to
GZA to enter into a "cash out" merger (the "Transaction") at a price
per share to be determined the effect of which would be to purchase
all of the "public shares" of GZA in a "management buyout," subject
to various approvals required for both parties. GZA appointed a
special committee and hired investment bankers to consider the
Transaction. Futureco anticipates that the Transaction, if
consummated, will constitute a "going private transaction" and
that the common stock of GZA would cease to be traded on the NASDAQ
and would be deregistered under Section 12(g) of the Securities
Exchange Act of 1934, as amended.
On May 2, 2000, Futureco made a revised proposal to the special
committee of GZA to enter into the Transaction at a price of $6.25
in cash per share of common stock held by the public shareholders
of GZA. Futureco has been informed that this offer is not
acceptable to the special committee; however, discussions with the
special committee are continuing.
On May 9, 2000, Futureco entered into a Purchase Agreement with
Acquisitor PLC ("Acquisitor") to purchase a total of 219,000 shares
of GZA's common stock from Acquisitor at a per share price equal to
the greater of (i) $6.25 or (ii) the price paid to the public
shareholders in connection with the Transaction which Purchase
Agreement includes an agreement from Acquisitor to vote in favor
of any merger proposed by Futureco.
On May 17, 2000, GZA entered into a letter of intent with Futureco
providing for the acquisition, at a price of $6.45 per share, of all
of the outstanding shares of GZA common stock which Futureco does
not already own or have the right to acquire. The proposed
transaction is subject to several conditions, including Futureco
obtaining financing for the transaction, GZA and Futureco entering
into a definitive merger agreement, approval of GZA's shareholders,
which may require a vote of the holders of two-third's of the shares
of GZA not owned by Futureco, and receipt of an opinion from
Houlihan Lokey Howard & Zukin Capital that the transaction is fair
to GZA's stockholders from a financial point of view.
There can be no assurance that the Transaction will occur or, if it
does, on what terms. Futureco may enter into agreements to acquire
additional shares of common stock of GZA.
Signature
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.
May 18, 2000
Date
William R. Beloff, Joseph P. Hehir, Lawrence Feldman, William E.
Hadge, M. Joseph Celi and Futureco Environmental Inc.
By: William R. Beloff, For himself and as agent for each of the
persons indicated pursuant to a joint filing agreement previously
filed with the Securities and Exchange Commission
/s/ William R. Beloff
Signature
Attention: Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001)
