View:
OMB APPROVAL
--------------------------
OMB Number: 3235-0145
Expires: October 31, 1994
Estimated average burden
hours per form..... 14.90
--------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
LB FOSTER COMPANY
----------------------------------------------------------------------
(Name of Issuer)
CLASS A COMMON STOCK
---------------------------------------------------------------------
(Title of Class of Securities)
350060109
-----------------
(CUSIP Number)
GINO PHILLIP ZAVARELLA, ESQ., GENERAL COUNSEL
MAXUS INVESTMENT GROUP
28601 CHAGRIN BLVD. -- SUITE 500
CLEVELAND, OHIO 44122
(216) 292-3434
-------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notice and Communications)
DECEMBER 3, 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 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).
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 350060109
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard A. Barone / SS # ###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION USA -
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES
BENEFICIALLY ----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING ----------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
602,900
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
624,900
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.29 %
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEM 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 350060109
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Maxus Asset Management Inc. / ID # 34-1172683
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES
BENEFICIALLY ----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING ----------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
602,900
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
602,900
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.06 %
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEM 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 350060109
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Maxus Securities Corp / ID # 34-1151160
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING ---------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
22,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.22 %
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEM 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Amendment to Schedule 13D
Item 1. Security and Issuer
This Statement relates to the shares of Beneficial Interest (the "Shares")
of L.B. Foster Company. The address of Issuer's principal officers is 415
Holiday Drive, Pittsburgh, Pennsylvania 15220.
Item 2. Identity and Background
This Amendment Statement is filed on behalf of all persons and entities and
participants of Resource Management, Inc., an entity incorporated under the laws
of the State of Ohio and commonly known as the Maxus Investment Group
(hereinafter "MIG"), Richard A. Barone, an individual (hereinafter "Mr.
Barone"), Maxus Asset Management Inc, an entity incorporated under the laws of
the State of Ohio (hereinafter "MAM"), and Maxus Securities Corp, an entity
incorporated under the laws of the State of Ohio (hereinafter "MSC"). The
aforementioned person and entities are collectively referred to herein as the
"Filing Persons". The business address of the aforementioned person and entities
is 28601 Chagrin Boulevard - Suite 500, Cleveland, Ohio 44122.
The Filing Persons each disclaim membership in a Group as such term is
defined in Section 13(d)(3) of the Securities Exchange Act of 1934 and the Rules
and Regulations promulgated thereunder. However, because of the relationships
between and among the Filing Persons described herein, they determined to make
this filing.
MAM is a registered investment advisor having the power to dispose of the
Shares owned by the investment clients for which it acts as advisor. MSC is a
broker-dealer. MIG is a financial services corporation which owns all of the
outstanding shares of MAM and MSC. Mr. Barone is the controlling shareholder of
MIG and is principally employed as Chairman and President of MIG, MAM and MSC
and as Chairman of Maxus Income Fund, Maxus Equity Fund and Maxus Laureate Fund,
all of which are registered under the Investment Company Act of 1940. See
Exhibit A attached to this amended Schedule 13D for additional information on
executive officers.
Item 3. Source and Amount of Funds or Other Consideration
MAM owns no Shares directly but may be deemed to beneficially own (within
the meaning of Rule 13(d)(3) of the Securities Exchange Act of 1934) 602,900
Shares purchased by MAM for the account of its investment clients. MAM disclaims
beneficial ownership of such Shares.
MSC owns no Shares directly but may be deemed to beneficially own (within
the meaning of Rule 13(d)(3) of the Securities Exchange Act of 1934) 22,000
Shares purchased by MSC for the account of its brokerage clients. MSC disclaims
beneficial ownership of such shares.
Item 4. Purpose of Transaction
The Filing Persons acquired Shares to establish investment positions in the
Issuer. Subject to market and business conditions and other factors, the Filing
Persons may intend to purchase additional Shares. However, depending upon such
factors, the Filing Persons may also maintain their present ownership of Shares
or sell some or all of the Shares.
Item 5. Interest in Securities of the Issuer
Set forth below for the Filing Persons, in the aggregate, is the number of
Shares which may be deemed to be beneficially owned as of December 5, 1996, and
the percentage of the Shares outstanding represented by such ownership (based on
9,937,738 Shares outstanding):
Name: No. of Shares Percent of Class
Maxus Asset Management, Inc.(1) 602,900 6.06 %
Maxus Securities Corp(2) 22,000 0.22 %
Total(3) 624,900 6.29 %
(1) These Shares are owned by investment clients of MAM and MAM may be deemed
to beneficially own these Shares by reason of its power to dispose of such
Shares under its Investment Management Agreement with such clients. MAM,
however, disclaims beneficial ownership of all such Shares.
(2) These Shares are owned by brokerage clients of MSC. MSC may be deemed to
beneficially own these Shares by virtue of such relationship, although it
has no contractual power to vote or dispose of such Shares. MSC disclaims
beneficial ownership of all such Shares.
(3) Mr. Barone owns no Shares directly but, by virtue of his positions as
Chairman and President of MAM and MIG he may be deemed to beneficially own
the 624,900 Shares which may be deemed to be beneficially owned by MAM. Mr.
Barone disclaims beneficial ownership of all such Shares.
(4) MIG owns no Shares directly and MIG may be deemed to beneficially own the
624,900 Shares which may be deemed to be beneficially owned by MAM. MIG,
however, disclaims beneficial ownership of all such Shares.
(5) MAM and its investment clients share the power to dispose of the Shares
which may be deemed to be beneficially owned by MAM. By virtue of their
relationship to MAM, MIG and Mr. Barone may also be deemed to share such
power. None of the Filing Persons has any power to vote the Shares.
(6) Exhibit B attached hereto sets forth the transactions in Shares effected by
the Filing Persons since original filing, the dates of such transactions
and the per Share purchase price. The Shares were traded on the NASDAQ.
Item 6. Contracts, Arrangements, Understanding or Relationships with
Respect to Securities of the Issuer.
Except as set forth in this Statement, there are no contracts,
arrangements, understanding or relationships (legal or otherwise) among the
Filing Persons or between any of the Filing Persons and any other person, with
respect to any Shares.
Item 7. Material to be Filed as Exhibits
Exhibit A Description of Directors and Executive officers of MAM and MIG.
Exhibit B Relevant Transactions in Shares.
Exhibit C CONFORMING COPY: Original 13-D Filing of October 30, 1996
Signatures
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.
Maxus Asset Management
Date: 12/09/96 by: /s/ Richard A. Barone
------------ --------------------------
Richard A. Barone, President
Maxus Securities Corp
Date: 12/09/96 by: /s/ Richard A. Barone
------------ ---------------------------
Richard A. Barone, President
Maxus Investment Group
Date: 12/09/96 by: /s/ Richard A. Barone
------------ ---------------------------
Richard A. Barone, President
Date: 12/09/96 by: /s/ Richard A. Barone
------------ ---------------------------
Richard A. Barone
Exhibit A
Entity Directors 1, 2 Executive Officers
Maxus Asset Management, Inc. Richard A. Barone Richard A. Barone,
Chairman & President
Umberto P. Fedeli Robert W. Curtin,
Secretary & Sr.
Vice-President
Gino P. Zavarella
Maxus Securities Corp Richard A. Barone Richard A. Barone,
Chairman & President
Maxus Investment Group Richard A. Barone Richard A. Barone,
Chairman & President
Robert W. Curtin Robert W. Curtin,
Secretary & Sr.
Vice-President
Robert F. Pincus Vice-President
1 Each of the Directors and Executive Officers listed above is a United
States citizen.
2 The business address of the Filing Persons are as follows:
Richard A. Barone, Robert W. Curtin, Robert F. Pincus and Gino P. Zavarella
and Maxus Asset Management, Inc.and Maxus Investment Group:
28601 Chagrin Boulevard - Suite 500, Cleveland, Ohio 44122;
The business address of Umberto P. Fedeli is:
5005 Rockside Road, Independence, Ohio 44131.
Exhibit B
L.B. Foster Company
Date Lot Quantity Unit Cost Total Cost
----------------------------------------------------------
10-23-96 3 1000 3.93 3927.25
11-25-96 4 1000 3.81 3814.75
09-19-96 1 3000 4.06 12184.75
07-31-96 2 2500 3.8 9498.5
11-04-96 1 3000 4.05 12147.25
11-27-96 2 1000 4.05 4049.75
10-30-96 1 3000 3.92 11772.25
10-21-96 1 5000 3.79 18949.75
03-08-95 1 5000 3.79 18949.75
01-07-94 7 5000 3.91 19562.5
01-07-94 6 10000 4.3 42975
01-07-94 5 1000 4.16 4162.5
01-07-94 4 9000 4.16 37462.5
01-07-94 3 5000 3.91 19562.5
01-07-94 2 2500 3.79 9468.75
01-07-94 1 2500 3.29 8218.75
01-11-94 8 10000 3.28 32800
03-25-94 9 10000 3.03 30275
03-27-95 10 2500 3.66 9156.25
04-03-95 11 4000 3.6 14400
08-21-95 12 8500 4.41 37506.25
10-26-95 13 10000 4.28 42810
11-08-95 14 5000 4.22 21092.5
01-10-96 15 15000 3.9 58575
07-02-96 16 7500 3.84 28800
07-30-96 17 7500 3.59 26943.75
11-05-96 18 7000 3.96 27755
12-05-96 19 1800 3.85 6930
05-11-94 2 2000 3.67 7332.75
05-11-94 1 3000 3.66 10992
11-20-95 3 1000 4.31 4314.75
06-17-94 1 5000 3.6 18010.89
10-18-96 2 5000 3.85 19262.25
09-05-96 1 3000 4.05 12147.25
06-06-94 1 5000 3.68 18424.75
01-10-94 1 5000 3.31 16529.75
11-27-96 3 100 4.1 410
11-27-96 2 5000 4.1 20504.75
05-13-94 1 10000 3.36 33624.75
10-21-96 1 5000 3.73 18637.25
09-17-93 1 10000 3.91 39149.75
07-19-94 2 2000 3.68 7353.75
11-05-96 1 10000 3.98 39754.75
01-06-94 1 5000 3.31 16529.75
05-13-94 2 5000 3.37 16862.25
10-25-96 7 5000 4.04 20199.75
10-30-96 9 3000 3.91 11742
10-30-96 8 2000 3.92 7832.75
04-21-95 1 5000 3.91 19574.75
04-21-94 1 3500 3.31 11574
01-06-94 1 5000 3.31 16529.75
11-17-95 2 2900 4.3 12467.5
11-24-95 3 2100 4.55 9554.5
06-07-94 1 5000 3.68 18424.75
05-13-94 1 2500 3.37 8433.5
07-27-94 2 1500 3.55 5326
Exhibit B
(continued)
L.B. Foster Company
Date Lot Quantity Unit Cost Total Cost
----------------------------------------------------------
11-20-95 3 1000 4.31 4314.75
03-25-94 1 624 3.18 1984.39
04-21-94 2 1249 3.25 4060.88
06-14-94 3 1249 3.63 4529.25
03-25-94 1 554 3.18 1762.32
04-21-94 2 1109 3.25 3606.23
06-14-94 3 1109 3.63 4022.1
03-25-94 1 310 3.19 988.23
04-21-94 2 620 3.26 2018.2
06-14-94 3 620 3.63 2250.7
03-25-94 1 643 3.18 2044.67
04-21-94 2 1286 3.25 4181.04
06-14-94 3 1286 3.63 4663.29
03-25-94 1 619 3.18 1968.53
04-21-94 2 1238 3.25 4025.16
06-14-94 3 1238 3.63 4489.41
03-25-94 1 620 3.18 1971.7
04-21-94 2 1240 3.25 4031.65
06-14-94 3 1240 3.63 4496.65
03-25-94 1 934 3.18 2967.87
04-21-94 2 1867 3.25 6067.83
06-14-94 3 1867 3.63 6767.96
03-25-94 1 696 3.18 2212.81
04-21-94 2 1391 3.25 4522.02
06-14-94 3 1391 3.63 5043.65
06-07-94 1 1152 3.68 4245.06
06-07-94 1 1173 3.68 4322.45
06-07-94 1 1238 3.68 4561.97
04-22-94 2 506 3.28 1660.16
06-07-94 1 1437 3.68 5295.27
04-22-94 1 2141 3.28 7024.51
04-22-94 1 2353 3.28 7720.08
04-18-95 1 4000 3.67 14660.75
10-21-96 1 5000 3.79 18949.75
08-07-95 1 5000 4.66 23324.75
11-15-94 1 3000 3.42 10246.75
11-18-94 2 2000 3.42 6849.75
06-07-94 1 3200 3.69 11793.55
10-23-96 2 1800 3.8 6840.25
11-09-95 1 17500 4.23 73942.25
11-20-95 2 12500 4.35 54379.75
12-02-96 3 7000 4.04 28267.25
01-19-94 1 11500 3.63 41729.29
04-11-94 2 2500 3.41 8537.25
04-20-94 3 3000 3.42 10249.75
06-03-94 4 5000 3.66 18324.75
11-21-94 5 3000 3.17 9496.75
11-27-96 7 2500 3.98 9941.25
11-27-96 6 2000 3.98 7957.75
11-18-96 1 1000 3.8 3799.75
11-27-96 1 3000 3.99 11959.75
10-23-96 2 500 3.8 1898.75
10-23-96 1 2500 3.8 9498.5
10-21-96 1 20000 3.73 74504.75
10-21-96 1 5000 3.73 18637.25
11-21-96 1 3000 3.92 11772.25
Exhibit B
(continued)
L.B. Foster Company
Date Lot Quantity Unit Cost Total Cost
----------------------------------------------------------
11-21-96 1 5000 3.91 19574.75
11-21-96 1 10000 3.91 39129.75
11-21-96 1 5000 3.91 19574.75
11-21-96 1 5000 3.98 19887.25
07-31-96 2 1000 3.79 3789
07-31-96 1 1000 3.79 3793.75
08-05-96 3 3000 3.92 11772.25
11-25-96 1 1500 3.8 5704.75
11-27-96 1 3000 3.99 11959.75
12-02-96 1 5000 3.85 19262.25
02-22-95 1 4000 3.73 14924.75
10-25-96 2 1000 4.05 4049.75
08-05-96 2 1000 3.91 3914
08-05-96 1 2500 3.92 9789.75
11-27-96 2 2000 4.11 8220
11-27-96 1 1000 4.05 4052.25
09-18-96 1 2000 4.05 8099.75
10-21-96 1 1000 3.75 3747.25
11-27-96 2 1300 3.94 5120.25
10-17-96 1 5000 3.85 19262.25
10-17-96 1 5000 3.85 19262.25
10-23-96 1 5000 3.73 18637.25
10-17-96 1 5000 3.85 19262.25
10-23-96 1 5000 3.73 18637.25
10-04-96 2 2000 4.16 8328
10-04-96 1 3000 4.17 12496.75
11-27-96 1 3000 4.11 12334.75
09-18-96 1 1000 4.05 4049.75
11-27-96 2 1000 4.05 4049.75
09-17-96 1 1000 3.99 3992.25
09-16-96 1 1000 4.05 4049.75
10-08-96 1 800 4.04 3234.75
11-27-96 2 200 4.15 829.75
09-18-96 1 2000 4.05 8099.75
11-27-96 1 3000 3.92 11772.25
10-17-96 1 7500 3.86 28954.75
10-22-96 2 2500 3.73 9317.25
11-21-96 3 6300 3.91 24653.5
11-27-96 4 3700 3.99 14749.25
10-07-96 1 7500 4.04 30297.25
10-22-96 2 2500 3.73 9317.25
09-20-96 1 2000 4.05 8099.75
10-21-96 1 10500 3.73 39117.25
11-27-96 1 3000 4.05 12147.25
11-13-96 1 4000 3.86 15444.75
09-20-96 1 3000 4.05 12147.25
10-18-96 2 2000 3.85 7704.75
08-05-96 1 3000 3.94 11809.75
10-23-96 5 5000 3.91 19567.25
10-30-96 6 1000 3.92 3918.75
12-02-96 7 1700 4.05 6885.5
12-31-94 1 5000 3.71 18548.5
12-31-94 1 3000 0 0
01-23-96 1 10000 3.81 38078.5
12-12-95 1 5000 4.26 21304
01-17-96 1 10000 3.93 39329.63
----------------------------------------------------------
624900
Exhibit C
OMB APPROVAL
--------------------------
OMB Number: 3235-0145
Expires: October 31, 1994
Estimated average burden
hours per form..... 14.90
--------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
LB FOSTER COMPANY
------------------------------------------------------------------------------
(Name of Issuer)
CLASS A COMMON STOCK
------------------------------------------------------------------------------
(Title of Class of Securities)
350060109
-----------------
(CUSIP Number)
GINO PHILLIP ZAVARELLA, ESQ., GENERAL COUNSEL
MAXUS INVESTMENT GROUP
28601 CHAGRIN BLVD. -- SUITE 500
CLEVELAND, OHIO 44122
(216) 292-3434
-----------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notice and Communications)
30 October, 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 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 |_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
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).
Exhibit C
(continued)
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP NO. 350060109
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard A. Barone / SS # ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES
BENEFICIALLY ------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING ------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
458,800
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
505,800
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.08 % -
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN -
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEM 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
Exhibit C
(continued)
SCHEDULE 13D -
- -------------------------------------------------------------------------------
CUSIP NO. 350060109 -
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Maxus Asset Management Inc. / ID # 34-1172683 -
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_X_| -
- -------------------------------------------------------------------------------
3 SEC USE ONLY -
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS* 00 -
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) |_| -
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Ohio -
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES
BENEFICIALLY ------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING ------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
458,800
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
458,800
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.61 % -
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEM 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
Exhibit C
(continued)
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP NO. 350060109
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Maxus Securities Corp / ID # 34-1151160
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_X_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES
BENEFICIALLY ------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING ------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
47,000
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
47,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.47 %
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEM 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Exhibit C
(continued)
Amendment to Schedule 13D
Item 1. Security and Issuer This Statement
relates to the shares of Beneficial Interest (the "Shares") of L.B. Foster
Company. The address of Issuer's principla officers is 415 Holiday Drive,
pittsburgh, Pennsylvania 15220. Item 2. Identity and Background This Amendment
Statement is filed on behalf of all persons and entities and participants of
Resource Management, Inc., an entity incorporated under the laws of the State of
Ohio and commonly known as the Maxus Investment Group (hereinafter "MIG"),
Richard A. Barone, an individual (hereinafter "Mr. Barone"), Maxus Asset
Management Inc, an entity incorporated under the laws of the State of Ohio
(hereinafter "MAM"), and Maxus Securities Corp, an entity incorporated under the
laws of the State of Ohio (hereinafter "MSC"). The aforementioned person and
entities are collectively referred to herein as the "Filing Persons". The
business address of the aforementioned person and entities is 28601 Chagrin
Boulevard - Suite 500, Cleveland, Ohio 44122. The Filing Persons each disclaim
membership in a Group as such term is defined in Section 13(d)(3) of the
Securities Exchange Act of 1934 and the Rules and Regulations promulgated
thereunder. However, because of the relationships between and among the Filing
Persons described herein, they determined to make this filing.
MAM is a registered investment advisor having the power to dispose of
the Shares owned by the investment clients for which it acts as advisor. MSC is
a broker-dealer. MIG is a financial services corporation which owns all of the
outstanding shares of MAM and MSC. Mr. Barone is the controlling shareholder of
MIG and is principally employed as Chairman and President of MIG, MAM and MSC
and as Chairman of Maxus Income Fund, Maxus Equity Fund and Maxus Laureate Fund,
all of which are registered under the Investment Company Act of 1940. See
Amended Exhibit A attached to this amended Schedule 13D for additional
information on executive officers.
Item 3. Source and Amount of Funds or Other Consideration
MAM owns no Shares directly but may be deemed to beneficially own (within
the meaning of Rule 13(d)(3) of the Securities Exchange Act of 1934) 458,800
Shares purchased by MAM for the account of its investment clients. MAM disclaims
beneficial ownership of such Shares. MSC owns no Shares directly but may be
deemed to beneficially own (within the meaning of Rule 13(d)(3) of the
Securities Exchange Act of 1934) 47,000 Shares purchased by MSC for the account
of its brokerage clients. MSC disclaims beneficial ownership of such shares.
Exhibit C
(continued)
Item 4. Purpose of Transaction
The Filing Persons acquired Shares to establish investment positions in
the Issuer. Subject to market and business conditions and other factors, the
Filing Persons may intend to purchase additional Shares. However, depending upon
such factors, the Filing Persons may also maintain their present ownership of
Shares or sell some or all of the Shares.
Item 5. Interest in Securities of the Issuer
Set forth below for the Filing Persons, in the aggregate, is the number
of Shares which may be deemed to be beneficially owned as of October 30, 1996,
and the percentage of the Shares outstanding represented by such ownership
(based on 9,937,738 Shares outstanding):
Name: No. of Shares Percent of Class
Maxus Asset Management, Inc.1 458,800 4.61 %
Maxus Securities Corp2 47,000 0.47 %
Total3 505,800 5.08 %
(1) These Shares are owned by investment clients of MAM and MAM may be
deemed to beneficially own these Shares by reason of its power to dispose of
such Shares under its Investment Management Agreement with such clients. MAM,
however, disclaims beneficial ownership of all such Shares.
(2) These Shares are owned by brokerage clients of MSC. MSC may be deemed
to beneficially own these Shares by virtue of such relationship, although it has
no contractual power to vote or dispose of such Shares. MSC disclaims beneficial
ownership of all such Shares. (3) Mr. Barone owns no Shares directly but, by
virtue of his positions as Chairman and President of MAM and MIG he may be
deemed to beneficially own the 505,800 Shares which may be deemed to be
beneficially owned by MAM. Mr. Barone disclaims beneficial ownership of all such
Shares. (4) MIG owns no Shares directly and MIG may be deemed to beneficially
own the 505,800 Shares which may be deemed to be beneficially owned by MAM. MIG,
however, disclaims beneficial ownership of all such Shares. (5) MAM and its
investment clients share the power to dispose of the Shares which may be deemed
to be beneficially owned by MAM. By virtue of their relationship to MAM, MIG and
Mr. Barone may also be deemed to share such power. None of the Filing Persons
has any power to vote the Shares. (6) Exhibit B attached hereto sets forth the
transactions in Shares effected by the Filing Persons since original filing, the
dates of such transactions and the per Share purchase price. The Shares were
traded on the NASDAQ.
Exhibit C
(continued)
Item 6. Contracts, Arrangements, Understanding or
Relationships with Respect to Securities of the Issuer.
Except as set forth in this Statement, there are no contracts,
arrangements, understanding or relationships (legal or otherwise) among the
Filing Persons or between any of the Filing Persons and any other person, with
respect to any Shares.
Item 7. Material to be Filed as Exhibits
Exhibit A Description of Directors and Executive officers of MAM and MIG.
Exhibit B Transactions in Shares during the past 60 days.
Exhibit C
(continued)
Signatures
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.
Maxus Asset Management
Date: ___________ by: ___/s/Richard A. Barone____
Richard A. Barone, President
Maxus Securities Corp
Date: ___________ by:___/s/Richard A. Barone____
Richard A. Barone, President
Maxus Investment Group
Date: ___________ by: ___/s/Richard A. Barone____
Richard A. Barone, President
Date: ___________ by: ___/s/Richard A. Barone____
Richard A. Barone
Exhibit C
(continued)
Exhibit A
Entity Directors 1, 2 Executive Officers
Maxus Asset Management, Inc. Richard A. Barone Richard A. Barone,
Chairman & President
Umberto P. Fedeli Robert W. Curtin,
Secretary & Sr.
Vice-President
Gino P. Zavarella
Maxus Securities Corp Richard A. Barone Richard A. Barone,
Chairman & President
Maxus Investment Group Richard A. Barone Richard A. Barone,
Chairman & President
Robert W. Curtin Robert W. Curtin,
Secretary & Sr.
Vice-President
Robert F. Pincus Vice-President
1 Each of the Directors and Executive Officers listed above is a United
States citizen.
2 The business address of the Filing Persons are as follows:
Richard A. Barone, Robert W. Curtin, Robert F. Pincus and Gino P. Zavarella and
Maxus Asset Management, Inc. and Maxus Investment Group:
28601 Chagrin Boulevard - Suite 500, Cleveland, Ohio 44122;
The business address of Umberto P. Fedeli is:
5005 Rockside Road, Independence, Ohio 44131.
Exhibit C
(continued)
Exhibit B
L.B. Foster Company
Date Lot Quantity Cost Cost
10-23-96 3 1000 3.93 3927.25
09-19-96 1 3000 4.06 12184.75
07-31-96 2 2500 3.8 9498.5
10-21-96 1 5000 3.79 18949.75
03-08-95 1 5000 3.79 18949.75
01-07-94 7 5000 3.91 19562.5
01-07-94 6 10000 4.3 42975
01-07-94 5 1000 4.16 4162.5
01-07-94 4 9000 4.16 37462.5
01-07-94 3 5000 3.91 19562.5
01-07-94 2 2500 3.79 9468.75
01-07-94 1 2500 3.29 8218.75
01-11-94 8 10000 3.28 32800
03-25-94 9 10000 3.03 30275
03-27-95 10 2500 3.66 9156.25
04-03-95 11 4000 3.6 14400
08-21-95 12 8500 4.41 37506.25
10-26-95 13 10000 4.28 42810
11-08-95 14 5000 4.22 21092.5
01-10-96 15 15000 3.9 58575
07-02-96 16 7500 3.84 28800
07-30-96 17 7500 3.59 26943.75
05-11-94 2 2000 3.67 7332.75
05-11-94 1 3000 3.66 10992
11-20-95 3 1000 4.31 4314.75
06-17-94 1 5000 3.6 18010.89
10-18-96 2 5000 3.85 19262.25
09-05-96 1 3000 4.05 12147.25
06-06-94 1 5000 3.68 18424.75
01-10-94 1 5000 3.31 16529.75
05-13-94 1 10000 3.36 33624.75
10-21-96 1 5000 3.73 18637.25
09-17-93 1 10000 3.91 39149.75
07-19-94 2 2000 3.68 7353.75
01-06-94 1 5000 3.31 16529.75
05-13-94 2 5000 3.37 16862.25
10-25-96 7 5000 4.04 20199.75
04-21-95 1 5000 3.91 19574.75
04-21-94 1 3500 3.31 11574
01-06-94 1 5000 3.31 16529.75
11-17-95 2 2900 4.3 12467.5
11-24-95 3 2100 4.55 9554.5
06-07-94 1 5000 3.68 18424.75
05-13-94 1 2500 3.37 8433.5
07-27-94 2 1500 3.55 5326
11-20-95 3 1000 4.31 4314.75
03-25-94 1 624 3.18 1984.39
Exhibit C
(continued)
04-21-94 2 1249 3.25 4060.88
06-14-94 3 1249 3.63 4529.25
03-25-94 1 554 3.18 1762.32
04-21-94 2 1109 3.25 3606.23
06-14-94 3 1109 3.63 4022.1
03-25-94 1 310 3.19 988.23
04-21-94 2 620 3.26 2018.2
06-14-94 3 620 3.63 2250.7
03-25-94 1 643 3.18 2044.67
04-21-94 2 1286 3.25 4181.04
06-14-94 3 1286 3.63 4663.29
03-25-94 1 619 3.18 1968.53
04-21-94 2 1238 3.25 4025.16
06-14-94 3 1238 3.63 4489.41
03-25-94 1 620 3.18 1971.7
04-21-94 2 1240 3.25 4031.65
06-14-94 3 1240 3.63 4496.65
03-25-94 1 934 3.18 2967.87
04-21-94 2 1867 3.25 6067.83
06-14-94 3 1867 3.63 6767.96
03-25-94 1 696 3.18 2212.81
04-21-94 2 1391 3.25 4522.02
06-14-94 3 1391 3.63 5043.65
06-07-94 1 1152 3.68 4245.06
06-07-94 1 1173 3.68 4322.45
06-07-94 1 1238 3.68 4561.97
04-22-94 2 506 3.28 1660.16
06-07-94 1 1437 3.68 5295.27
04-22-94 1 2141 3.28 7024.51
04-22-94 1 2353 3.28 7720.08
04-18-95 1 4000 3.67 14660.75
10-21-96 1 5000 3.79 18949.75
08-07-95 1 5000 4.66 23324.75
11-15-94 1 3000 3.42 10246.75
11-18-94 2 2000 3.42 6849.75
06-07-94 1 3200 3.69 11793.55
10-23-96 2 1800 3.8 6840.25
11-09-95 1 17500 4.23 73942.25
11-20-95 2 12500 4.35 54379.75
01-19-94 1 11500 3.63 41729.29
04-11-94 2 2500 3.41 8537.25
04-20-94 3 3000 3.42 10249.75
06-03-94 4 5000 3.66 18324.75
11-21-94 5 3000 3.17 9496.75
10-23-96 2 500 3.8 1898.75
10-23-96 1 2500 3.8 9498.5
10-21-96 1 20000 3.73 74504.75
Exhibit C
(continued)
10-21-96 1 5000 3.73 18637.25
07-31-96 2 1000 3.79 3789
07-31-96 1 1000 3.79 3793.75
08-05-96 3 3000 3.92 11772.25
02-22-95 1 4000 3.73 14924.75
10-25-96 2 1000 4.05 4049.75
08-05-96 2 1000 3.91 3914
08-05-96 1 2500 3.92 9789.75
09-18-96 1 2000 4.05 8099.75
10-21-96 1 1000 3.75 3747.25
10-17-96 1 5000 3.85 19262.25
10-17-96 1 5000 3.85 19262.25
10-23-96 1 5000 3.73 18637.25
10-17-96 1 5000 3.85 19262.25
10-23-96 1 5000 3.73 18637.25
10-04-96 2 2000 4.16 8328
10-04-96 1 3000 4.17 12496.75
09-20-96 1 3000 4.05 12147.25
10-18-96 2 2000 3.85 7704.75
09-18-96 1 1000 4.05 4049.75
09-17-96 1 1000 3.99 3992.25
09-16-96 1 1000 4.05 4049.75
10-08-96 1 800 4.04 3234.75
09-18-96 1 2000 4.05 8099.75
10-17-96 1 7500 3.86 28954.75
10-22-96 2 2500 3.73 9317.25
10-07-96 1 7500 4.04 30297.25
10-22-96 2 2500 3.73 9317.25
09-20-96 1 2000 4.05 8099.75
10-21-96 1 10500 3.73 39117.25
08-05-96 1 3000 3.94 11809.75
10-23-96 5 5000 3.91 19567.25
12-31-94 1 5000 3.71 18548.5
12-31-94 1 3000 0 0
01-23-96 1 10000 3.81 38078.5
12-12-95 1 5000 4.26 21304
01-17-96 1 10000 3.93 39329.63
10-23-96 1 2000 3.81 7620.00
- ------------------------------------------------------
TOTAL 505,800 1,910,628.65