BADGER METER INC
SC 13D/A, 1995-08-09
TOTALIZING FLUID METERS & COUNTING DEVICES
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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. 1)*


                                (Name of Issuer)
                               BADGER METER, INC.

                         (Title of Class of Securities)
                          COMMON STOCK $1.00 PAR VALUE

                                 (CUSIP Number)
                                  056525-10-8

         (Name, Address and Telephone Number of Person Authorized to
                     Receive Notices and Communications)
            JAMES O. WRIGHT, JR., WRIGHT TAX AND BOOKKEEPING SERVICE
     REGENCY CENTER, 100 SMITH RANCH ROAD, SUITE 301, SAN RAFAEL, CA 94903
                                  415/499-1099

            (Date of Event which Requires Filing of this Statement)
                                  JUNE 2, 1995

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 [ ].

Check the following box if a fee is being paid with the statement [ ].  (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)

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
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).
<PAGE>   2

                                  SCHEDULE 13D

<TABLE>
<S>                                                                             <C>
CUSIP NO.   056525-10-8                                                         Page   2   of   5   Pages
- ------------------------------------------------------------------------------------------------------------------------------------
        NAME OF REPORTING PERSON
 1      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
        James O. Wright, Jr.
        ###-##-####
- ------------------------------------------------------------------------------------------------------------------------------------
        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                                   (a)  [ ]
 2                                                                                                         (b)  [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
        SEC USE ONLY
 3
- ------------------------------------------------------------------------------------------------------------------------------------
        SOURCE OF FUNDS
 4      N/A
- ------------------------------------------------------------------------------------------------------------------------------------
        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2 (e)                [ ]
 5
- ------------------------------------------------------------------------------------------------------------------------------------
        CITIZENSHIP OR PLACE OF ORGANIZATION
 6      USA
- ------------------------------------------------------------------------------------------------------------------------------------
                                SOLE VOTING POWER
                        7       3825
       NUMBER OF        -----------------------------------------------------------------------------------------------------------
        SHARES                  SHARED VOTING POWER
     BENEFICIALLY       8       404,007 (1)
       OWNED BY         -----------------------------------------------------------------------------------------------------------
         EACH                   SOLE DISPOSITIVE POWER
       REPORTING        9       8825
        PERSON          -----------------------------------------------------------------------------------------------------------
         WITH                   SHARED DISPOSITIVE POWER
                        10      106,680
- ------------------------------------------------------------------------------------------------------------------------------------
        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 11     407,832
- ------------------------------------------------------------------------------------------------------------------------------------
        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                                   [ ]
 12
- ------------------------------------------------------------------------------------------------------------------------------------
        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 13     23.2%
- ------------------------------------------------------------------------------------------------------------------------------------
        TYPE OF REPORTING PERSON    IN
 14     (1) The reported shares are 390,179 shares of Class B Common stock (which is convertible into shares
            of Common stock on a one-for-one basis) and 13,828 shares of Common Stock.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!

<PAGE>   3


ITEM 1.    SECURITY AND ISSUER

    Badger Meter, Inc. Common stock, $1.00 Par Value, CUSIP #056525-10-8:
    Corporate headquarters:       Badger Meter, Inc.
                                  4545 W. Brown Deer Road
                                  Milwaukee, WI  53223-0099



ITEM 2.    IDENTITY AND BACKGROUND

     a)  Name of reporting person:         James O. Wright, Jr.


     b)  Business address:                 Wright Tax and Bookkeeping Service
                                           Regency Center
                                           100 Smith Ranch Road, Suite 301
                                           San Rafael, CA 94903


     c)  Principal occupation and name, principal business and address of
         employer:

         Mr. Wright, Jr. is Owner of Wright Tax and Bookkeeping Service,
         Regency Center, 100 Smith Ranch Road, Suite 301, San Rafael, CA 94903.


     d)  During the last five years, Mr. Wright, Jr. has not been convicted in
         a criminal proceeding (excluding traffic violations or similar
         misdemeanors).


     e)  During the last five years, Mr. Wright, Jr. was not a party to a civil
         proceeding of a judicial or administrative body of competent
         jurisdiction by which as a result of such proceeding he was or is
         subject to a judgment, decree or final order enjoining future
         violations of, or prohibiting or mandating activities subject to,
         federal or state securities laws or finding any violation with respect
         to such laws.


     f)  Citizenship:  Mr. Wright, Jr. is a citizen of the United States of
         America.



ITEM 3.    SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

         N/A



ITEM 4.    PURPOSE OF TRANSACTION


         Mr. Wright, Jr. is a beneficial owner in terms of voting power of
         390,179 shares of Class B Common stock and 13,828 shares of Common
         Stock held by the Badger Meter Voting Trust as a result of serving as
         a voting co-trustee of that Voting Trust.

         Mr. Wright, Jr. has no plans or no intentions with respect to the
         matters set forth in Item 4 of Schedule 13-D.

                                  Page 3 of 5
<PAGE>   4



ITEM 5.    INTEREST IN SECURITIES OF THE ISSUER

     a)  Aggregate Number of Shares:  407,832 shares.
         Percentage of Class:  23.2%.
         Shares of Badger Meter stock outstanding, June 30, 1995:
                 Common:      1,191,907
                 Class B:       562,785

         On matters as to which Common stock and Class B Common stock vote
         together, shares of Class B stock have 10 votes per share.  Therefore,
         as of June 30, 1995, Mr. Wright, Jr. is deemed to beneficially own
         57.5% of the total voting power of Badger Meter, Inc., along with the
         other trustees.

     b)  Number of shares as to which there is sole power to vote or to direct
         the vote: 3,825 shares, which is 800 more than previously reported.
         On June 2, 1995, Mr. Wright, Jr.  removed 1,156 shares of Class B
         Common Stock from the Badger Meter Voting Trust.  He exchanged the
         shares for Common Stock with the Badger Meter Officers' Voting Trust
         and then sold 356 of the shares.

         Number of shares as to which there is shared power to vote or to
         direct the vote: 404,007 shares, which consists of 390,179 shares of
         Class B Common stock and 13,828 shares of Common Stock.  This
         represents a decrease of 27,656 shares resulting from the following
         transactions.  On May 18, 1994, the Badger Meter Voting Trust sold
         6,000 shares of Class B Common Stock to the Badger Meter Officers'
         Voting Trust for $21.00 per share.  On June 3, 1994, the Badger Meter
         Voting Trust sold 500 shares of Class B Common Stock to the Officers'
         Voting Trust for $21.125 per share.  On March 16, 1995, 8,000 shares
         of Class B Common Stock were purchased by the Badger Meter Officers'
         Voting Trust from the Badger Meter Voting Trust at $22.50 per share.
         On June 2, 1995, the Badger Meter Voting Trust exchanged 12,000 shares
         of Class B Common Stock for 12,000 shares of Common Stock with the
         Badger Meter ESSOP (the Common Stock was then privately sold);
         exchanged 14,984 shares of Class B Common Stock for 14,984 shares of
         Common Stock with the Badger Meter Officers' Voting Trust of which
         13,828 shares of Common Stock remain in the Badger Meter Voting Trust,
         800 are in the name of the reporting person and 356 were sold on the
         open market.

         Number of shares as to which there is sole power to dispose or to
         direct the disposition: 8,825.  This includes 825 shares of Badger
         Meter Common stock, 3,000 options to purchase Common stock and
         5,000 shares of Class B Common stock.

         Number of shares as to which there is shared power to dispose or to
         direct the disposition: 106,680 shares.  In the previous filing, this
         was erroneously reported as 101,680.


In addition to Mr. Wright, Jr., the other voting co-trustees of the Badger
Meter Voting Trust are:


Mr. James L. Forbes, President & CEO      Mr. James O. Wright, Sr., Chairman
Badger Meter, Inc.                        Badger Meter, Inc.
4545 W. Brown Deer Road                   4545 W. Brown Deer Road
Milwaukee, WI  53223-0099                 Milwaukee, WI  53223-0099
Manufacturer of flow measurement and      Manufacturer of flow measurement and
control products                          control products.


     c)  The beneficiaries of the Badger Meter Voting Trust have the right to
         receive all dividends on and proceeds from any sale of the shares of
         stock which they have deposited.

                                  Page 4 of 5
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ITEM 6.    CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
           RESPECT TO SECURITIES OF THE ISSUER

         Messrs. Wright, Sr. and Forbes are also voting co-trustees of the
         Badger Meter Voting Trust.  Except for shares personally reported as
         beneficially owned by the reporting party, Mr. Wright, Jr. disclaims
         beneficial interest in shares in the Badger Meter Voting Trust.



ITEM 7.    MATERIAL TO BE FILED AS EXHIBITS

         Exhibit A - Badger Meter Voting Trust, dated June 1, 1953, as amended
         (previously filed).


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.



______________________________              ______________________________
             Date                                      Signature


                                                   James O. Wright, Jr.
                                                   ____________________
                                                         Name/Title

The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative.  If the statement is
signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of this filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.

Attention:   Intentional misstatements or omissions of fact constitute Federal
             criminal violations (See 18 U.S.C. 1001)





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