SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)
SPS Technologies, Inc.
____________________________________________________________
(Name of Issuer)
Common Stock, Par Value $1.00 Per Share
____________________________________________________________
(Title of Class and Securities)
784626 10 3
___________________________________________________________
(CUSIP Number of Class of Securities)
John F. Keane
Tinicum Enterprises, Inc.
990 Stewart Avenue
Garden City, New York 11530
(516) 222-2874
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Paul T. Schnell, Esq.
Skadden, Arps, Slate, Meagher & Flom
919 Third Avenue
New York, New York 10022
(212) 735-3000
January 23, 1995
____________________________________________________________
(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 Statement because of Rule d-1(b)(3) or
(4), check the following box: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 784626 10 3
_________________________________________________________________
(1) NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
TINICUM INVESTORS 13-3800339
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC, BK
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 629,939
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 0
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 629,939
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
629,939
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
11.2%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
PN
_________________________________________________________________
SCHEDULE 13D
CUSIP No. 784626 10 3
_________________________________________________________________
(1) NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
DERALD H. RUTTENBERG ###-##-####
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
PF, BK
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 4,546
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 0
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 4,546
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,546
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.1%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
IN
_________________________________________________________________
SCHEDULE 13D
CUSIP No. 784626 10 3
_________________________________________________________________
(1) NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
ERIC M. RUTTENBERG ###-##-####
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
PF, BK
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 5,615
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 0
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 5,615
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,615
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.1%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
IN
_________________________________________________________________
SCHEDULE 13D
CUSIP No. 784626 10 3
_________________________________________________________________
(1) NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
JOHN C. RUTTENBERG ###-##-####
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
PF, BK
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 4,546
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 0
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 4,546
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,546
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.1%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
IN
_________________________________________________________________
SCHEDULE 13D
CUSIP No. 784626 10 3
_________________________________________________________________
(1) NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
KATHERINE T. RUTTENBERG ###-##-####
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
PF, BK
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 4,546
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 0
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 4,546
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,546
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.1%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
IN
_________________________________________________________________
SCHEDULE 13D
CUSIP No. 784626 10 3
_________________________________________________________________
(1) NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
HATTIE RUTTENBERG ###-##-####
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
PF, BK
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 4,546
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 0
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 4,546
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,546
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.1%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
IN
_________________________________________________________________
This statement amends and supplements the State-
ment on Schedule 13D (the "Schedule 13D") filed with the
Securities and Exchange Commission (the "Commission") by
Tinicum Enterprises, Inc., a Delaware corporation, Tinicum
Investors, a Delaware partnership, RUTCO Incorporated, a
Delaware corporation, RIT Capital Partners plc, a United
Kingdom corporation, J. Rothschild Capital Management Limit-
ed, a United Kingdom corporation, St. James's Place Capital
plc, a United Kingdom corporation, Mr. Putnam L. Crafts, Jr.
and Mr. James H. Kasschau in connection with their ownership
of shares of common stock, par value $1.00 per share (the
"Shares"), of SPS Technologies, Inc., a Pennsylvania corpo-
ration. Unless otherwise defined herein, all capitalized
terms used herein shall have the meanings ascribed to them
in the Schedule 13D.
ITEM 2. IDENTITY AND BACKGROUND.
Item 2 is hereby amended and supplemented by adding the
following:
This statement is being filed by Tinicum Enter-
prises, Inc., a Delaware corporation ("Enterprises"),
Tinicum Investors, a Delaware partnership ("Investors II"),
RUTCO Incorporated, a Delaware corporation ("RUTCO"), RIT
Capital Partners plc, a United Kingdom corporation ("RIT"),
J. Rothschild Capital Management Limited, a United Kingdom
corporation ("JRCML"), St. James's Place Capital plc, a
United Kingdom corporation ("SJPC"), Mr. Derald H.
Ruttenberg ("Derald Ruttenberg"), Mr. Eric M. Ruttenberg
("Eric Ruttenberg"), Mr. John C. Ruttenberg ("John
Ruttenberg"), Ms. Katherine T. Ruttenberg ("Katherine
Ruttenberg"), Ms. Hattie Ruttenberg ("Hattie Ruttenberg" and
together with Derald, Eric, John and Katherine Ruttenberg,
the "Ruttenbergs"), Mr. Putnam L. Crafts, Jr. ("Mr. Crafts")
and Mr. James H. Kasschau ("Mr. Kasschau"). Enterprises,
Investors II, RUTCO, RIT, JRCML, SJPC, the Ruttenbergs, Mr.
Crafts and Mr. Kasschau are hereinafter collectively re-
ferred to as the "Reporting Persons;" Enterprises, Investors
II, RUTCO, the Ruttenbergs and Mr. Kasschau are hereinafter
collectively referred to as the "Tinicum Reporting Persons;"
and RIT, JRCML and SJPC are hereinafter collectively re-
ferred to as the "Rothschild Reporting Persons." Any dis-
closures herein with respect to persons other than the
Reporting Persons are made on information and belief after
making inquiry to the appropriate party.
During the last five years, none of the
Ruttenbergs has (i) been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or
(ii) been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a
result of such proceeding 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.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is hereby amended and supplemented by adding the
following:
The Shares purchased by Investors II and the
Ruttenbergs (as described in Item 5(c) below) were paid for
with working capital, out of personal funds and/or with the
proceeds of borrowings in the ordinary course of business
under the Line of Credit.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5(a) is hereby amended and supplemented by adding
the following:
As of the close of business on January 23, 1995,
the Reporting Persons beneficially owned an aggregate of
896,049 Shares (including stock options to purchase a total
of 1,069 Shares beneficially owned by Eric Ruttenberg (the
"Option Shares"), which Option Shares have been treated as outstanding
for purposes of computing percent of class), which represent
approximately 15.9% of the 5,637,428 Shares (including the
Option Shares) outstanding on such date. In accordance with
Rule 13d-5(b)(1) of the General Rules and Regulations under
the Exchange Act, Enterprises, Investors II, RUTCO, RIT, JRCML,
SJPC, the Ruttenbergs, Mr. Crafts and Mr. Kasschau as a group
may be deemed to beneficially own such Shares. As of the close
of business on January 23, 1995, Enterprises, Investors II, RUTCO,
RIT, JRCML, SJPC, Derald Ruttenberg, Eric Ruttenberg, John
Ruttenberg, Katherine Ruttenberg, Hattie Ruttenberg, Mr. Crafts
and Mr. Kasschau have direct beneficial ownership of 0, 629,939,
0, 132,311, 0, 0, 4,546, 5,615 (including the Option Shares), 4,546,
4,546, 4,546, 100,000 and 10,000 Shares, respectively.
Item 5(b) is hereby amended and supplemented by adding
the following:
Each of the Ruttenbergs has the sole power to vote
or to direct the vote and the sole power to dispose or to
direct the disposition of the Shares of which he or she has
direct beneficial ownership.
Item 5(c) is hereby amended and supplemented by adding
the following:
Within the past 60 days, the Reporting Persons
have acquired shares in the manner, in the amounts, on the dates
and at the prices (excluding commissions) set forth below:
Date # of Shares Avg. Price/Share Purchaser
12/16/94 21,400 $24.50 Enterprises (1)
12/16/94 7,391 $24.50 Investors (1)
12/16/94 8,409 $24.50 Mr. Crafts (1)
12/19/94 10,080 $24.875 Enterprises (2)
12/19/94 2,520 $24.875 RUTCO (2)
12/23/94 170,939 $24.50 Investors (3)
12/23/94 42,735 $24.50 RUTCO (3)
12/23/94 7,506 $24.50 Mr. Crafts (3)
12/23/94 10,000 $24.50 Mr. Kasschau (3)
12/23/94 20,400 $24.934 Enterprises (2)
12/23/94 5,100 $24.934 RUTCO (2)
12/30/94 13,100 $25.45 Investors (2)
12/31/94 581,569 n/a Investors II (4)
1/6/95 400 $26.625 Investors II (2)
1/9/95 8,200 $27.125 Investors II (2)
1/10/95 2,200 $27.125 Investors II (2)
1/11/95 1,700 $27.125 Investors II (2)
1/12/95 3,100 $27.415 Investors II (2)
1/13/95 5,500 $27.977 Investors II (2)
1/23/95 27,270 $29.275 Investors II (2)
1/23/95 4,546 $29.275 Derald Ruttenberg (2)
1/23/95 4,546 $29.275 Eric Ruttenberg (2)
1/23/95 4,546 $29.275 John Ruttenberg (2)
1/23/95 4,546 $29.275 Katherine Ruttenberg (2)
1/23/95 4,546 $29.275 Hattie Ruttenberg (2)
(1) Acquired upon exercise of Rights.
(2) Acquired on the New York Stock Exchange.
(3) Acquisition of Underlying Shares pursuant to the Stand-
by Agreement.
(4) Contributed by Enterprises, Investors and RUTCO in
connection with the Tinicum Reorganization.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Item 7 is hereby amended and supplemented by adding the
following exhibit:
Exhibit 15: Third Amended and Restated Joint Filing
Agreement, dated as of January 25, 1995, by and among the
Reporting Persons.
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: January 25, 1995
TINICUM ENTERPRISES, INC.
By: /s/ James H. Kasschau
James H. Kasschau
President
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: January 25, 1995
TINICUM INVESTORS
By: /s/ Eric M. Ruttenberg
Eric M. Ruttenberg
Managing Partner
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: January 25, 1995
RUTCO INCORPORATED
By: /s/ James H. Kasschau
James H. Kasschau
President
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: January 25, 1995
RIT CAPITAL PARTNERS plc
By: /s/ Clive Gibson
Clive Gibson
Director
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: January 25, 1995
J. ROTHSCHILD CAPITAL MANAGEMENT LIMITED
By: /s/ P.R. Griffiths
P.R. Griffiths
Director
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: January 25, 1995
ST. JAMES'S PLACE CAPITAL plc
By: /s/ Clive Gibson
Clive Gibson
Director
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: January 25, 1995
/s/ Derald H. Ruttenberg
Derald H. Ruttenberg
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: January 25, 1995
/s/ Eric M. Ruttenberg
Eric M. Ruttenberg
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: January 25, 1995
/s/ John C. Ruttenberg
John C. Ruttenberg
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: January 25, 1995
/s/ Katherine T. Ruttenberg
Katherine T. Ruttenberg
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: January 25, 1995
/s/ Hattie Ruttenberg
Hattie Ruttenberg
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: January 25, 1995
/s/ Putnam L. Crafts, Jr.
Putnam L. Crafts, Jr.
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: January 25, 1995
/s/ James H. Kasschau
James H. Kasschau
EXHIBIT INDEX
Exhibit Description
Exhibit 15 Third Amended and Restated Joint Filing
Agreement, dated as of January 25, 1995,
by and among the Reporting Persons.
Exhibit 15
THIRD AMENDED AND RESTATED JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) promulgated
under the Securities Exchange Act of 1934, as amended,
the undersigned hereby agree to the joint filing with all
other Reporting Persons (as such term is defined in the
Schedule 13D referred to below) on behalf of each of them
of a Statement on Schedule 13D (including any amendments
thereto) with respect to the common stock, par value
$1.00 per share, of SPS Technologies, Inc., a
Pennsylvania corporation. The undersigned further
consent and agree to the inclusion of this Agreement as
an Exhibit to such Schedule 13D. This Agreement may be
executed in any number of counterparts, all of which
taken together shall constitute one and the same
instrument.
IN WITNESS WHEREOF, the undersigned have
executed this agreement as of the 25th day of January, 1995.
TINICUM ENTERPRISES, INC.
By: /s/ James H. Kasschau
James H. Kasschau
President
TINICUM INVESTORS
By: /s/ Eric M. Ruttenberg
Eric M. Ruttenberg
Managing Partner
RUTCO INCORPORATED
By: /s/ James H. Kasschau
James H. Kasschau
President
RIT CAPITAL PARTNERS plc
By: /s/ Clive Gibson
Clive Gibson
Director
J. ROTHSCHILD CAPITAL MANAGEMENT LIMITED
By: /s/ Clive Gibson
Clive Gibson
Director
ST. JAMES'S PLACE CAPITAL plc
By: /s/ Clive Gibson
Clive Gibson
Director
/s/ Derald H. Ruttenberg
DERALD H. RUTTENBERG
/s/ Eric M. Ruttenberg
ERIC M. RUTTENBERG
/s/ John C. Ruttenberg
JOHN C. RUTTENBERG
/s/ Katherine T. Ruttenberg
KATHERINE T. RUTTENBERG
/s/ Hattie Ruttenberg
HATTIE RUTTENBERG
/s/ Putnam L. Crafts, Jr.
PUTNAM L. CRAFTS, JR.
/s/ James H. Kasschau
JAMES H. KASSCHAU
