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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
SL INDUSTRIES, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
784413106
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(CUSIP Number)
James H. Carll, Archer & Greiner, One Centennial Square,
Haddonfield, NJ 08033 (609-795-2121)
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(Name, Address and Telephone
Number of Person Authorized
to Receive Notices and
Communications)
March 12, 1997
-----------------------------
(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-l(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with this statement [ ].
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).
(Continued on the following pages)
Page 1 of 6 Pages
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CUSIP No. 784413106
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1 NAMES OF REPORTING PERSONS
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
UM INVESTMENT CORPORATION 51-0266463
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
WC
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
DELAWARE
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NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 370,500
BENEFICIALLY |--------------------------------------------------------------
OWNED BY | 8 | SHARED VOTING POWER
EACH | | --
REPORTING |--------------------------------------------------------------
PERSON WITH | 9 | SOLE DISPOSITIVE POWER
| | 370,500
|--------------------------------------------------------------
| 10 | SHARED DISPOSITIVE POWER
| | --
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
370,500
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.4%
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14 TYPE OF REPORTING PERSON (See Instructions)
CO
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2
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CUSIP No. 784413106
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1 NAMES OF REPORTING PERSONS
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
UM Holdings, Ltd. 22-1982496
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
WC
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
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NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | Zero
BENEFICIALLY |--------------------------------------------------------------
OWNED BY | 8 | SHARED VOTING POWER
EACH | | Zero
REPORTING |--------------------------------------------------------------
PERSON WITH | 9 | SOLE DISPOSITIVE POWER
| | Zero
|--------------------------------------------------------------
| 10 | SHARED DISPOSITIVE POWER
| | Zero
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Zero
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Zero
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14 TYPE OF REPORTING PERSON (See Instructions)
HC and CO
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3
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The Statement on Schedule 13D dated July 18, 1996 is hereby amended to
add the information set forth below:
Item 3 - Source and Amount of Funds or Other Consideration.
Item 3 of Schedule 13D is amended to add the following paragraph:
"Internal funds in the approximate amount of $403,000 were utilized to
fund the purchases of the 58,400 shares of the Common Stock referred to in Item
5 of this Amendment No. 1."
Item 4 - Purpose of Transactions.
Item 4 of Schedule 13D is amended to add the following paragraph:
"A representative of UM has had informal discussions with
representatives of SL concerning the possibility of a designee of UM joining
SL's Board of Directors. UM may in the future determine to make a formal request
to SL in this regard."
Item 5- Interest in Securities of the Issuer.
Item 5 of Schedule 13D is amended by deleting the first and
fourth paragraphs thereof and substituting therefor the following:
"UM Investment beneficially owns 370,500 shares of the Common Stock,
representing 6.4% of the outstanding Common Stock (based upon the outstanding
shares as indicated in SL's most recent available filing with the Securities and
Exchange Commission)."
"Within the past 60 days, UM Investment purchased shares of the Common
Stock on the dates, in the amounts and at the prices set forth below. Each
transaction was a market transaction by brokers acting on its behalf. No other
transactions in the Common Stock were effected during the past 60 days by UM
Investment or UM or, to the best of UM's knowledge, by any of the
4
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persons listed on Schedule I hereto.
# of Shares Price Per
Date Purchased Share
---- --------- -----
2/11/97 46,500 $6-7/8
3/12/97 11,900 $6-7/8"
[Intentionally Left Blank]
5
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After reasonable enquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
March 12, 1997
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Date
/s/ John Aglialoro
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Signature
John Aglialoro
Chairman
UM Holdings, Ltd. and
UM Investment Corporation
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Name/Title
6
