<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
DeVlieg-Bullard, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
251782 10 8
-------------------------------------------------
(CUSIP Number)
John G. Poole; c/o Stanwich Partners, Inc.,62 Southfield Avenue,
One Stamford Landing, Stamford, Connecticut 06902; (203) 325-0551
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
October 29, 1997
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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(b)(3) or (4), check the following box [ ].
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) 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 the
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).
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CUSIP No. 251782 10 8 SCHEDULE 13D Page 2 of 5 Pages
--------------------- -------- --------
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
John G. Poole SS# ###-##-####
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(2) Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ X ]
(3) SEC Use Only
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(4) SOURCE OF FUNDS
PF
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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(6) Citizenship or Place of Organization
United States of America
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(7) Sole Voting Power
Number of 598,257.75
Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by 0
Each --------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 598,257.75
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(10) Shared Dispositive Power
0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
648,257.75
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares*
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(13) Percent of Class Represented by Amount in Row (11)
5.2%
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(14) Type of Reporting Person*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION
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ITEM 1. SECURITY AND ISSUER.
This filing relates to the common stock (the "Common Stock")
of the following issuer (the "Issuer"):
DeVlieg-Bullard, Inc.
One Gorham Island
Westport, CT 06880
The Issuer is a Delaware corporation.
ITEM 2. IDENTITY AND BACKGROUND
(a) Name of person filing this statement:
The name of the person filing this report is John G.
Poole (the "reporting person").
(b) Business address:
c/o Stanwich Partners, Inc.
One Stamford Landing
62 Southfield Avenue
Stamford, CT 06902
(c) Present principal occupation:
Vice President and a director of Stanwich
Partners, Inc. ("Stanwich"), an investment
banking and consulting firm.
(d) Criminal Proceedings: Not applicable.
(e) Civil Proceedings: Not applicable.
(f) Citizenship: - United States of America.
Page 3 of 5 Pages
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ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The event giving rise to the requirement to file this
Schedule 13D was the reporting person's purchase from Stanwich Oil
& Gas, Inc. ("SOG") of 473,069 shares (the "Shares") of Common
Stock on October 29, 1997 for an aggregate price of $2,363,345 (or
$5.00 per share). The reporting person paid the purchase price by
cancelling $2,363,345 of SOG's indebtedness to him. The reporting
person is an officer and stockholder of SOG.
ITEM 4. PURPOSE OF THE TRANSACTION.
The reporting person's purpose in acquiring the Shares was
to increase his direct investment in the Issuer. The reporting
person has no plans or proposals of the types referred to in
clauses (a) through (j) of Item 4 of Schedule 13D.
Contemporaneously with the reporting person's acquisition of the
Shares, SOG sold the following additional shares of Common Stock at
a price of $5.00 per share: (1) 1,646,100 shares to Charles E.
Bradley, who is Chairman of the Board of the Issuer and an officer,
direrctor and stockholder of SOG; (2) 150,000 shares to Stanwich
Financial Services Corp. ("SFSC"); and (3) 307,125 shares to
Stanwich Investment Company.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The reporting person beneficially owns an aggregate of
648,257.75 shares of Common Stock (the "Beneficially Owned
Shares"). The Beneficially Owned Shares constitute 5.2% of the
issued and outstanding shares of Common Stock.
(b) Number of shares as to which the reporting person has:
(i) sole power to vote or to direct
the vote: 598,257.75
(ii) shared power to vote or to direct
the vote: 0
(iii) sole power to dispose or to direct
the disposition of: 598,257.75
(iv) shared power to dispose or direct
the disposition of: 0
Page 4 of 5 Pages
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Of the Beneficially Owned Shares, (i) 93,750 are not
currently outstanding, but are subject to issuance upon exercise of stock
purchase warrants held by the reporting person and (ii) 50,000 are held in a
trust for the benefit of the reporting person.
In addition, SOG, SFSC and Stanwich own the following shares
of Common Stock: SOG - 1,754,887 shares; SFSC - 250,000 shares; and Stanwich -
1,500 shares. The reporting person is an officer of SOG and Stanwich; a director
of Stanwich; and a stockholder of SOG, SFSC and Stanwich. Further, the reporting
person's children own 43,500 shares of Common Stock under custodianships created
under the Uniform Gifts to Minors Act. The reporting person served as custodian
for these shares. Because these children are now adults, the custodianships are
no longer effective. The shares referred to in this paragraph are not included
in the reporting person's "Beneficially Owned Shares."
(c) No transactions in the Common Stock were effected in the
past 60 days by the reporting person except for his purchase of the Shares as
described in Item 3, above, and except for a charitable gift of 47,000 shares
made by the reporting person on October 14, 1997.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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.
November 7, 1997 /s/ John G. Poole
--------------------------
Name: John G. Poole
Page 5 of 5 Pages
