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Previous: SERVICE MERCHANDISE CO INC, SC 13G, 1998-02-12 |
Next: SHARED MEDICAL SYSTEMS CORP, 8-K, 1998-02-12 |
<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 10)*
SERVOTRONICS, INC.
-----------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.20
-----------------------------------------------------------------------------
(Title of Class of Securities)
81773232 10 0
-----------------------------------------------------------------------------
(CUSIP Number)
*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 13 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).
(Continued on following page(s))
Page 1 of 5 Pages
<PAGE> 2
13G
<TABLE>
CUSIP NO. 81773232 10 0 PAGE 2 OF 5 PAGES
<S> <C>
- -----------------------------------------------------------------------------------------------------------
| 1 | NAME OF REPORTING PERSON |
| | S.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | Servotronics, Inc. Employee Stock Ownership Trust |
| | (I.R.S. Id. No.: 16-1252558) |
|-----|---------------------------------------------------------------------------------------------------|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] |
| | ---- |
| | (b) [ ] |
| | ---- |
|-----|---------------------------------------------------------------------------------------------------|
| 3 | SEC USE ONLY |
| | |
|-----|---------------------------------------------------------------------------------------------------|
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | New York |
| | |
|-------------------------------|-------|-----------------------------------------------------------------|
| NUMBER OF | 5 | SOLE VOTING POWER |
| | | |
| SHARES | | 627,125.925 |
| |-------|-----------------------------------------------------------------|
| BENEFICIALLY | 6 | SHARED VOTING POWER |
| | | |
| OWNED BY | | |
| |-------|-----------------------------------------------------------------|
| EACH | 7 | SOLE DISPOSITIVE POWER |
| | | |
| REPORTING | | 920,356 |
| | | |
| PERSON |-------|-----------------------------------------------------------------|
| | 8 | SHARED DISPOSITIVE POWER |
| WITH | | |
| | | |
|-------------------------------|-------|-----------------------------------------------------------------|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 920,356 |
|-----|---------------------------------------------------------------------------------------------------|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |
| | SHARES* |
| | |
|-----|---------------------------------------------------------------------------------------------------|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
| | |
| | 39% |
|-----|---------------------------------------------------------------------------------------------------|
| 12 | TYPE OF REPORTING PERSON* |
| | |
| | EP |
- -----------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
</TABLE>
<PAGE> 3
AMENDMENT NO. 10
TO
SCHEDULE 13G
SERVOTRONICS, INC.
------------------
Item 1 (a). Name of Issuer:
--------------
Servotronics, Inc.
Item 1 (b). Address of Issuer's Principal Executive Offices:
-----------------------------------------------
1110 Maple Street, Elma, New York 14059
Item 2 (a). Name of Person Filing:
---------------------
Servotronics, Inc. Employee Stock Ownership Trust (the "ESOT")
Item 2 (b). Address of Principal Business Office:
------------------------------------
1110 Maple Street, Elma, New York 14059
Item 2 (c). Citizenship:
-----------
The ESOT is a trust organized in the State of New York.
Item 2 (d). Title of Class of Securities:
-----------------------------
Common Stock, $.20 par value
Item 2 (e). CUSIP Number:
------------
81773232 10 0
Item 3. This Statement is Filed Pursuant to Rule 13d-1(b) by an:
--------------------------------------------------------
(f) Employee Benefit Plan which is subject to the provisions of
the Employee Retirement Income Security Act of 1974
Page 3 of 5 Pages
<PAGE> 4
<TABLE>
<S> <C> <C>
Item 4. Ownership (as of December 31, 1997):
-----------------------------------
(a) Amount of Beneficially Owned:
----------------------------
920,356
(b) Percent of Class:
-----------------
39%
(c) The ESOT has sole dispositive power with respect to
approximately 920,356 shares and sole voting power with
respect to approximately 627,125.925 shares.
</TABLE>
Item 5. Ownership of Five Percent or Less of a Class:
--------------------------------------------
Not Applicable
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 not acquired in the
ordinary course of business and were not acquired for the purpose of
and do not have the effect of changing or influencing control of the
issuer of such securities and were not acquired in
Page 4 of 5 Pages
<PAGE> 5
connection with or as a participant in any transaction having such
purposes or effect.
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.
DATED: February 12, 1998.
SERVOTRONICS, INC. EMPLOYEE STOCK
OWNERSHIP TRUST
By: /s/ Lee D. Burns, Trustee
--------------------------------------
Lee D. Burns, Trustee
Page 5 of 5 Pages
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