<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 25049
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
SEQUA CORPORATION
- ------------------------------------------------------------------------------
(Name of Issuer)
Class B Common Stock, no par value
- ------------------------------------------------------------------------------
(Title of Class of Securities)
81732 020
- ------------------------------------------------------------------------------
(CUSIP Number)
Mr. Norman E. Alexander
c/o Sequa Corporation
200 Park Avenue, New York, NY 10166
- ------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
May 23, 1996
- ------------------------------------------------------------------------------
(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 fil-
ing 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 dis-
closures 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>
SCHEDULE 13D
CUSIP No. 81732 020 Page 2 of 10 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norman E. Alexander
S.S. # ###-##-####
__
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
--
__
(b) /_/
3. SEC USE ONLY
4. SOURCE OF FUNDS*
PF
__
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS /_/
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
7. SOLE VOTING POWER
1,946,647
8. SHARED VOTING POWER
None
9. SOLE DISPOSITIVE POWER
1,946,647
10. SHARED DISPOSITIVE POWER
None
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,946,647
__
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES /_/
CERTAIN SHARES*
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
58.4%
14. TYPE OF REPORTING PERSON*
IN
<PAGE>
SCHEDULE 13D
CUSIP No. 81732 020 Page 3 of 10 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fifty Broad Street, Inc.
I.R.S. Id. No. 13-1769653
__
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
--
__
(b) /_/
3. SEC USE ONLY
4. SOURCE OF FUNDS*
__
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS /_/
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
7. SOLE VOTING POWER
101,463
8. SHARED VOTING POWER
None
9. SOLE DISPOSITIVE POWER
101,463
10. SHARED DISPOSITIVE POWER
None
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
101,463
__
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES /_/
CERTAIN SHARES*
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.1%
14. TYPE OF REPORTING PERSON*
CO
<PAGE>
SCHEDULE 13D
CUSIP No. 81732 020 Page 4 of 10 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Forfed Corporation
I.R.S. Id. No. 13-0714303
__
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
--
__
(b) /_/
3. SEC USE ONLY
4. SOURCE OF FUNDS*
__
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
1,379,843
8. SHARED VOTING POWER
None
9. SOLE DISPOSITIVE POWER
1,379,843
10. SHARED DISPOSITIVE POWER
None
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,379,843
__
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES /_/
CERTAIN SHARES*
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41.4%
14. TYPE OF REPORTING PERSON*
CO
<PAGE>
SCHEDULE 13D
CUSIP No. 81732 020 Page 5 of 10 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
42 New Street Inc.
I.R.S. Id. No. 13-1861794
__
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
--
__
(b) /_/
3. SEC USE ONLY
4. SOURCE OF FUNDS*
__
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS /_/
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
7. SOLE VOTING POWER
43,725
8. SHARED VOTING POWER
None
9. SOLE DISPOSITIVE POWER
43,725
10. SHARED DISPOSITIVE POWER
None
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
43,725
__
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES /_/
CERTAIN SHARES*
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
14. TYPE OF REPORTING PERSON*
CO
<PAGE>
SCHEDULE 13D
CUSIP No. 81732 020 Page 6 of 10 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Youandi Corporation
I.R.S. Id. No. 13-1936115
__
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
--
__
(b) /_/
3. SEC USE ONLY
4. SOURCE OF FUNDS*
__
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS /_/
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
7. SOLE VOTING POWER
30,000
8. SHARED VOTING POWER
None
9. SOLE DISPOSITIVE POWER
30,000
10. SHARED DISPOSITIVE POWER
None
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
30,000
__
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES /_/
CERTAIN SHARES*
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.9%
14. TYPE OF REPORTING PERSON*
CO
<PAGE>
SCHEDULE 13D
CUSIP No. 81732 020 Page 7 of 10 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Galleon Syndication Corporation
I.R.S. Id. No. 13-3150821
__
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
--
__
(b) /_/
3. SEC USE ONLY
4. SOURCE OF FUNDS*
__
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS /_/
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
7. SOLE VOTING POWER
41,000
8. SHARED VOTING POWER
None
9. SOLE DISPOSITIVE POWER
41,000
10. SHARED DISPOSITIVE POWER
None
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
41,000
__
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES /_/
CERTAIN SHARES*
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2%
14. TYPE OF REPORTING PERSON*
CO
<PAGE>
SCHEDULE 13D
CUSIP No. 81732 020 Page 8 of 10 Pages
Item 1. Security and Issuer
- ------ -------------------
This statement relates to the Class B Common Stock, no
par value per share (the "Shares"), of Sequa Corporation, a Dela-
ware corporation (the "Company"), the principal executive offices
of which are located at 200 Park Avenue, Suite 5410, New York,
New York 10166.
Item 2. Identity and Background
- ------ -----------------------
This statement is being filed on behalf of Norman E.
Alexander and the following corporations: Fifty Broad Street,
Inc., ("Fifty Broad"), a New York corporation; Forfed Corporation
("Forfed"), a Delaware corporation; 42 New Street, Inc. ("42
New"), a New York corporation; Galleon Syndicate Corporation,
("Galleon"), a New York corporation; and Youandi Corporation
("Youandi"), a New York corporation; (such corporations are
collectively referred to as the "Corporations").
Item 3. Source and Amount of Funds or Other Consideration
- ------ -------------------------------------------------
The funds used in making the purchase described in Item
5 were the personal funds of Norman E. Alexander, and the amount
used was $2,520,000.
Item 4. Purpose of Transaction
- ------ ----------------------
The purpose of the purchase described in Item 5 was to
reinforce Mr. Alexander's controlling interest in Sequa
Corporation.
Item 5. Interest in Securities of the Issuer
- ------ ------------------------------------
(a) Mr. Alexander individually and through the Corpora-
tions beneficially owns an aggregate of 1,946,647 Shares compris-
ing approximately 58.4% of the outstanding Shares. Forfed owns
1,379,843 Shares or approximately 41.4% of the Shares outstand-
ing, Fifty Broad owns 101,463 Shares or approximately 3.1% of the
Shares outstanding, 42 New Street Inc. owns 43,725 Shares or
approximately 1.3% of the Shares outstanding, Youandi Corporation
owns 30,000 Shares or approximately .9% of the Shares outstanding
and Galleon Syndication Corporation owns 41,000 Shares or approx-
imately 1.2% of the Shares outstanding.
(b) Each of the above persons has the sole right to
vote and dispose of all of its Shares, but Mr. Alexander, by vir-
tue of his ownership and positions with the Corporations, has the
power to vote and to dispose of all of such Shares.
<PAGE>
SCHEDULE 13D
CUSIP No. 81732 020 Page 9 of 10 Pages
(c) On May 23, 1996 Norman E. Alexander purchased
60,000 Shares on the New York Stock Exchange at $42.00 per share,
plus a $.05 per share commission, for a total cost of $2,520,000.
Item 6. Contracts, Arrangements, Understandings or
- ------
Relationships with Respect to Securities of
the Issuer
-------------------------------------------
None.
Item 7. Material to be Filed as Exhibits
- ------ --------------------------------
None.
<PAGE>
SCHEDULE 13D
CUSIP No. 81732 020 Page 10 of 10 Pages
SIGNATURE
---------
After reasonable inquiry and to the best of my knowl-
edge and belief, I certify that the information set forth in this
statement is true, complete and correct.
FIFTY BROAD STREET
FORFED CORPORATION
42 NEW STREET INC.
YOUANDI CORPORATION
GALLEON SYNDICATE CORPORATION
/s/ Norman E. Alexander
-----------------------------
Norman E. Alexander
Individually and on behalf of
the above named Corporations
as President or Chairman
May 31, 1996
<PAGE>
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 25049
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ______________)*
SEQUA CORPORATION
- ------------------------------------------------------------------------------
(Name of Issuer)
Class B Common Stock, no par value
- ------------------------------------------------------------------------------
(Title of Class of Securities)
81732 020
- ------------------------------------------------------------------------------
(CUSIP Number)
Mr. Norman E. Alexander
c/o Sequa Corporation
200 Park Avenue, New York, NY 10166
- ------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
August 10, 1994
- ------------------------------------------------------------------------------
(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 fil-
ing 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 /X/. (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 dis-
closures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filled" 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).
This filing consists of 13 pages sequentially numbered. The Exhibit Index is
on page 11.
<PAGE>
SCHEDULE 13D
CUSIP No. 81732 020 Page 2 of 13 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norman E. Alexander
S.S. # ###-##-####
__
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
--
__
(b) /_/
3. SEC USE ONLY
4. SOURCE OF FUNDS*
__
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS /_/
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
7. SOLE VOTING POWER
1,886,647
8. SHARED VOTING POWER
None
9. SOLE DISPOSITIVE POWER
1,886,647
10. SHARED DISPOSITIVE POWER
None
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,886,647
__
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES /_/
CERTAIN SHARES*
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
56.64%
14. TYPE OF REPORTING PERSON*
IN
<PAGE>
SCHEDULE 13D
CUSIP No. 81732 020 Page 3 of 13 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fifty Broad Street, Inc.
I.R.S. Id. No. 13-1769653
__
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
--
__
(b) /_/
3. SEC USE ONLY
4. SOURCE OF FUNDS*
__
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS /_/
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
7. SOLE VOTING POWER
101,463
8. SHARED VOTING POWER
None
9. SOLE DISPOSITIVE POWER
101,463
10. SHARED DISPOSITIVE POWER
None
__
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING /_/
PERSON
101,463
__
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES /_/
CERTAIN SHARES*
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
14. TYPE OF REPORTING PERSON*
CO
<PAGE>
SCHEDULE 13D
CUSIP No. 81732 020 Page 4 of 13 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Forfed Corporation
I.R.S. Id. No. 13-0714303
__
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
--
__
(b) /_/
3. SEC USE ONLY
4. SOURCE OF FUNDS*
WC
__
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
1,379,843
8. SHARED VOTING POWER
None
9. SOLE DISPOSITIVE POWER
1,379,843
10. SHARED DISPOSITIVE POWER
None
__
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING /_/
PERSON
1,379,843
__
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES /_/
CERTAIN SHARES*
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41.43%
14. TYPE OF REPORTING PERSON*
CO
<PAGE>
SCHEDULE 13D
CUSIP No. 81732 020 Page 5 of 13 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
42 New Street Inc.
I.R.S. Id. No. 13-1861794
__
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
--
__
(b) /_/
3. SEC USE ONLY
4. SOURCE OF FUNDS*
__
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS /_/
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
7. SOLE VOTING POWER
43,725
8. SHARED VOTING POWER
None
9. SOLE DISPOSITIVE POWER
43,725
10. SHARED DISPOSITIVE POWER
None
__
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING /_/
PERSON
43,725
__
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES /_/
CERTAIN SHARES*
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.31%
14. TYPE OF REPORTING PERSON*
CO
<PAGE>
SCHEDULE 13D
CUSIP No. 81732 020 Page 6 of 13 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Youandi Corporation
I.R.S. Id. No. 13-1936115
__
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
--
__
(b) /_/
3. SEC USE ONLY
4. SOURCE OF FUNDS*
__
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS /_/
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
7. SOLE VOTING POWER
30,000
8. SHARED VOTING POWER
None
9. SOLE DISPOSITIVE POWER
30,000
10. SHARED DISPOSITIVE POWER
None
__
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING /_/
PERSON
30,000
__
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES /_/
CERTAIN SHARES*
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.90%
14. TYPE OF REPORTING PERSON*
CO
<PAGE>
SCHEDULE 13D
CUSIP No. 81732 020 Page 7 of 13 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Galleon Syndication Corporation
I.R.S. Id. No. 13-3150821
__
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
--
__
(b) /_/
3. SEC USE ONLY
4. SOURCE OF FUNDS*
__
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS /_/
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
7. SOLE VOTING POWER
41,000
8. SHARED VOTING POWER
None
9. SOLE DISPOSITIVE POWER
41,000
10. SHARED DISPOSITIVE POWER
None
__
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING /_/
PERSON
41,000
__
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES /_/
CERTAIN SHARES*
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.23%
14. TYPE OF REPORTING PERSON*
CO
<PAGE>
SCHEDULE 13D
CUSIP No. 81732 020 Page 8 of 13 Pages
Item 1. Security and Issuer
- ------ -------------------
This statement relates to the Class B Common Stock, no
par value per share (the "Shares"), of Sequa Corporation, a Dela-
ware corporation (the "Company"), the principal executive offices
of which are located at 200 Park Avenue, Suite 5410, New York,
New York 10166.
Item 2. Identity and Background
- ------ -----------------------
This statement is being filed on behalf of Norman E.
Alexander and the following corporations: Fifty Broad Street,
Inc. ("Fifty Broad"), a New York corporation; Forfed Corporation
("Forfed"), a Delaware corporation; 42 New Street, Inc. ("42
New"), a New York corporation; Galleon Syndicate Corporation
("Galleon"), a New York corporation; and Youandi Corporation
(Youandi"), a New York corporation (such corporations are collec-
tively referred to as the "Corporations"). All of the Corpora-
tions are directly wholly owned by Mr. Alexander. Identifying
information pertaining to Mr. Alexander, the Corporations and
their executive officers and directors appears as Exhibit 1.
During the last five years none of Mr. Alexander, any
of the Corporations or, to the best knowledge of the Corpora-
tions, any of the executive officers or directors named in
Exhibit 1 have been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or was a party to a
civil proceeding of a judicial or administrative body of compe-
tent jurisdiction and as a result of which 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
- ------ -------------------------------------------------
The 24,700 Shares to which this statement relates were
purchased by Forfed on August 10, 1994 at an aggregate cost of
$765,700 (plus a commission of approximately $1,235). Forfed
purchased the 24,700 Shares with working capital.
Item 4. Purpose of Transaction
- ------ ----------------------
The purchase of the Shares was to reinforce Mr.
Alexander's controlling interest in the Company.
<PAGE>
SCHEDULE 13D
CUSIP No. 81732 020 Page 9 of 13 Pages
Item 5. Interest in Securities of Issuer
- ------ --------------------------------
As a result of the purchase on August 10, 1994, Mr.
Alexander individually and through the Corporations beneficially
owns an aggregate of 1,886,647 Shares comprising approximately
56.64% of the outstanding Shares. Forfed owns 1,379,843 Shares
or approximately 41.43% of the Shares outstanding, Fifty Broad
owns 101,463 Shares or approximately 0.30% of the Shares out-
standing, 42 New Street Inc. owns 43,725 Shares or approximately
1.31% of the Shares outstanding, Youandi Corporation owns 30,000
Shares or approximately 0.90% of the Shares outstanding, and Gal-
leon owns 41,000 Shares or approximately 1.23% of the Shares out-
standing.
Each of the above persons has the sole right to vote
and dispose of all of its Shares, but Mr. Alexander, by virtue of
his ownership and positions with the Corporations, has the power
to vote and to dispose of all of such Shares. In addition to his
ownership of the Shares, Mr. Alexander also beneficially owns
individually and through the Corporations an aggregate of
1,878,822 shares or, approximately 29.66%, of the Company's Class
A Common Stock.
Of the 1,886,647 Shares beneficially owned by
Mr. Alexander, 100,000 shares owned individually by Mr.
Alexander and 20,000 shares owned by Fifty Broad are pledged as
collateral to The Bank of Nova Scotia; and 59,682 shares owned
directly by Mr. Alexander and 26,112 shares owned by Fifty Broad
are pledged as collateral to Citibank, N.A.
All of the 24,700 Shares to which this statement
relates were purchased on August 10, 1994 by Forfed on the New
York Stock Exchange at a price of $31.00 per Share (plus a com-
mission of approximately $.05 per Share). See also Item 3.
Item 6. Contracts, Arrangements, Understandings or
- ------
Relationships With Respect to Securities of
the Issuer
-------------------------------------------
None.
Item 7. Material to be Filed as Exhibits
- ------ --------------------------------
Exhibit 1. Certain Information about Executive
Officers and Directors of the Corpora-
tions.
Exhibit 2. Joint Filing Agreement.
<PAGE>
SCHEDULE 13D
CUSIP No. 81732 020 Page 10 of 13 Pages
SIGNATURE
---------
After reasonable inquiry and to the best of my knowl-
edge and belief, the undersigned certify that the information set
forth in this statement is true, complete and correct.
FIFTY BROAD STREET, INC.
FORFED CORPORATION
42 NEW STREET, INC.
YOUANDI CORPORATION
GALLEON SYNDICATE CORPORATION
/s/ Norman E. Alexander
-----------------------------
Norman E. Alexander
Individually and on behalf of
the above-named Corporations
President or Chairman
August 19, 1994
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SCHEDULE 13D
CUSIP No. 81732 020 Page 11 of 13 Pages
EXHIBIT INDEX
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Exhibit 1. Certain Information about Executive Officers and
Directors of the Corporations.
Exhibit 2. Joint Filing Agreement.
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SCHEDULE 13D
CUSIP No. 81732 020 Page 12 of 13 Pages
EXHIBIT 1
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Forfed is a holding company for the ownership by Norman
E. Alexander of the Company's common stock and its principal
business address is 660 White Plains Road, Tarrytown, New York
10591. Its executive officers and directors are: Norman E.
Alexander, Chairman and Director; Stuart Z. Krinsly, Secretary
and Director; and David S. Weil, President and Director.
42 New, Fifty Broad and Youandi each is principally
engaged in the real estate business and the principal address of
each is 200 Park Avenue, Suite 5410, New York, New York 10166.
The executive officers and directors of each corporation are:
Norman E. Alexander, President and Director; and Stuart Z.
Krinsly, Secretary and Director.
Galleon is engaged in the insurance business and its
principal address is 200 Park Avenue, Suite 5410, New York, New
York 10166. Its executive officers and director are: Norman E.
Alexander, President and Director; and Stuart Z. Krinsly, Secre-
tary and Director.
All of the above individuals are U.S. citizens.
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SCHEDULE 13D
CUSIP No. 81732 020 Page 13 of 13 Pages
EXHIBIT 2
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Joint Filing Agreement
----------------------
In accordance with Rule l3d-1(f) under the Securities
Exchange Act of 1934, the persons named below agree to the joint
filing on behalf of each of them of a Statement on Schedule l3D
(including amendments thereto) with respect to the Common Stock
of Sequa Corporation, and further agree that this Joint Filing
Agreement be included as an exhibit to such joint filings. In
evidence thereof, the undersigned, being duly authorized, hereby
execute this Agreement this 19th day of August, 1994.
FIFTY BROAD STREET, INC.
FORFED CORPORATION
42 NEW STREET, INC.
YOUANDI CORPORATION
GALLEON SYNDICATE CORPORATION
/s/Norman E. Alexander
______________________________
Norman E. Alexander
Individually and on behalf of
the above-named Corporations
as President or Chairman
August 19, 1994
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