SERVOTRONICS INC /DE/
SC 13G/A, 1999-02-12
CUTLERY, HANDTOOLS & GENERAL HARDWARE
Previous: SERVICE CORPORATION INTERNATIONAL, 8-K, 1999-02-12
Next: SHARED MEDICAL SYSTEMS CORP, SC 13G/A, 1999-02-12



<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 11)*



                               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




- -----------------------                                        -----------------
CUSIP NO. 81773232 10 0                   13G                  Page 2 of 5 Pages
          -------------
- -----------------------                                        -----------------


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

     1      NAME OF REPORTING PERSON
            I.R.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
                                       592,749.581
    BENEFICIALLY
                        --------------------------------------------------------
      OWNED BY
                        6    SHARED VOTING POWER
        EACH

      REPORTING
                        --------------------------------------------------------
       PERSON
                        7    SOLE DISPOSITIVE POWER
        WITH
                                       906,905

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

                        8    SHARED DISPOSITIVE POWER



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

     9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                              906,905
- --------------------------------------------------------------------------------

    10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN 
            SHARES*



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

    11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


                              37%
- --------------------------------------------------------------------------------

    12      TYPE OF REPORTING PERSON*


                              EP
- --------------------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!


<PAGE>   3



                                AMENDMENT NO. 11
                                       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



Item 4            Ownership (as of December 31, 1998):
                  -----------------------------------

                  (a)      Amount of Beneficially Owned:
                           -----------------------------

                                    906,905

                  (b)      Percent of Class:
                           -----------------

                                    37%

                  (c)      The ESOT has sole dispositive power with respect to
                           approximately 906,905 shares and sole voting power
                           with respect to approximately 592,749.581 shares.


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 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, 1999.

                                               SERVOTRONICS, INC. EMPLOYEE STOCK
                                                         OWNERSHIP TRUST


                                                By: /s/ Lee D. Burns
                                                   -----------------------------
                                                    Lee D. Burns, a Trustee




                                Page 5 of 5 Pages



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission