UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
UNOVA, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
91529B106
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(CUSIP Number)
Eric J. Draut
Unitrin, Inc.
One East Wacker Drive
Chicago, IL 60601
(312) 661-4520
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 29, 2001
------------------------------------
(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 that is the subject of this Schedule 13D, and is
filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See ss.240.13d-7 for
other parties to whom copies are to be sent.
(Continued on following pages)
Page 1 of 13 Pages
SCHEDULE 13D
CUSIP No. 91529B106 Page 2 of 13
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Unitrin, Inc.
95-4255452
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
See Item 3.
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Delaware
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Number of 7. Sole Voting Power
Shares 0
Beneficially ------------------------------------------------------------
Owned by 8. Shared Voting Power
Each 12,657,764
Reporting ------------------------------------------------------------
Person 9. Sole Dispositive Power
With 0
------------------------------------------------------------
10. Shared Dispositive Power
12,657,764
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11. Aggregate Amount Beneficially Owned by Each Reporting Person 12,657,764
(owned indirectly through subsidiaries as noted on pages 3 to 5)
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13. Percent of Class Represented by Amount in Row (11)
22.5%
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14.Type of Reporting Person (See Instructions)
HC, CO
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CUSIP No. 91529B106 Page 3 of 13
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Trinity Universal Insurance Company
75-0620550
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
See Item 3.
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Texas
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Number of 7. Sole Voting Power
Shares 0
Beneficially ------------------------------------------------------------
Owned by 8. Shared Voting Power
Each 5,711,449
Reporting ------------------------------------------------------------
Person 9. Sole Dispositive Power
With 0
------------------------------------------------------------
10. Shared Dispositive Power
5,711,449
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
5,711,449
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13.Percent of Class Represented by Amount in Row (11)
10.1%
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14.Type of Reporting Person (See Instructions)
IC, CO
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CUSIP No. 91529B106 Page 4 of 13
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
United Insurance Company of America
36-1896670
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
See Item 3.
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Illinois
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Number of 7. Sole Voting Power
Shares 0
Beneficially ------------------------------------------------------------
Owned by 8. Shared Voting Power
Each 5,450,988
Reporting ------------------------------------------------------------
Person 9. Sole Dispositive Power
With 0
------------------------------------------------------------
10. Shared Dispositive Power
5,450,988
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
5,450,988
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
9.7%
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14. Type of Reporting Person (See Instructions)
IC, CO
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CUSIP No. 91529B106 Page 5 of 13
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Union National Life Insurance Company
72-0340280
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Louisiana
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Number of 7. Sole Voting Power
Shares 0
Beneficially ------------------------------------------------------------
Owned by 8. Shared Voting Power
Each 1,495,327
Reporting ------------------------------------------------------------
Person 9. Sole Dispositive Power
With 0
------------------------------------------------------------
10. Shared Dispositive Power
1,495,327
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,495,327
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13.Percent of Class Represented by Amount in Row (11)
2.7%
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14.Type of Reporting Person (See Instructions)
IC, CO
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Page 6 of 13
Amendment No. 1 to Schedule 13D
This Amendment No. 1 amends and supplements the Schedule 13D originally
filed by Unitrin, Inc., Trinity Universal Insurance Company and United
Insurance Company of America, dated November 3, 1997. Terms used herein and
not otherwise defined have the meanings given such terms in the original
Schedule 13D, dated November 3, 1997.
Item 1. Security and Issuer
The class of equity securities to which this Schedule 13D relates is the
common stock, par value $.01 per share (the "Common Stock"), of UNOVA,
Inc., a Delaware corporation (the "Issuer"). The principal executive
offices of the Issuer are located at 21900 Burbank Boulevard, Woodland
Hills, California 91367.
Item 2. Identity and Background
For revised information concerning the directors and executive officers
of Unitrin, Trinity and United and for information concerning the directors
and executive officers of Union National Life Insurance Company, a
Louisiana corporation ("Union"), 8282 Goodwood Boulevard, Baton Rouge,
Louisiana 70806, see Schedules UNIT, T, U, and UNL, respectively, to this
Amendment. All persons listed on such Schedules are U.S. citizens.
No filing person has been convicted in any criminal proceeding
(excluding traffic violations or similar misdemeanors) during the past five
years; nor, to the best knowledge and belief of the filing persons, has
anyone listed in the attached Schedules been convicted in such proceedings.
To the best knowledge and belief of the filing persons, during the past
five years no filing person nor anyone listed on the attached Schedules was
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.
Trinity and United were formerly shareholders of Western Atlas Inc.
("Western Atlas"). On October 31, 1997, Western Atlas divested itself of
its wholly-owned subsidiary, Issuer, by means of a pro rata spin-off in
which each shareholder of Western Atlas was distributed one share of Issuer
common stock for each share of Western Atlas common stock held on October
24, 1997, the record date for the spin-off. As a result, Trinity and United
received the same number of shares of Issuer as they held in Western Atlas.
No consideration was paid by Trinity or United for the Issuer shares
reported hereby.
Item 4. Purpose of Transaction
Item 4 of the original Schedule 13D is hereby restated in its entirety as
follows:
Unitrin is in discussions with a third party regarding such party's
proposal to provide the Issuer with financing in the form of senior secured
notes of the Issuer, which Unitrin understands would be used to refinance
certain existing debt of the Issuer and its subsidiaries. In connection
with these discussions, Unitrin has indicated its willingness to
participate in any such financing in an amount up to $25 million. In
connection with such financing, Unitrin may also receive warrants to
purchase Common Stock of the Issuer representing up to 5% of the Issuer's
outstanding Common Stock. Neither Unitrin nor the third party has entered
into any binding agreement with the Issuer with respect to such financing.
Any such financing would be subject to the negotiation and execution of
definitive agreements on acceptable terms and customary closing conditions,
including the refinancing or amendment of the Issuer's senior credit
facility on acceptable terms. There can be no assurance that either Unitrin
or the third party will enter into any agreement with the Issuer with
respect to such financing or that any such financing will be consummated or
result in any transaction in the Issuer's securities.
In connection with Unitrin's evaluation of the Issuer's financing
arrangements and Unitrin's investment in the Issuer, Unitrin may consider,
make proposals with respect to, and/or enter into discussions regarding,
one or more of the transactions and events specified in clauses (a) through
(j) of Item 4 of Schedule 13D, including transactions involving additional
debt or equity financing of the Issuer. There can be no assurance that
Unitrin will take any such actions or that, if taken, any such actions will
be consummated or result in any transaction in the Issuer's securities.
Page 7 of 13
Item 5. Interest in Securities of the Issuer
Other than the transfer of 1,495,327 shares of Common Stock by Trinity
to Union, a wholly-owned subsidiary of United, none of Unitrin, Trinity,
United or Union has acquired or disposed of any shares of the Issuer's
Common Stock since November 3, 1997, the date of the original Schedule 13D.
However, the collective percentage ownership by Unitrin, Trinity, United
and Union (the "Unitrin Ownership Percentage") of the Issuer's Common Stock
has decreased as the result of a change in the outstanding number of shares
of the Issuer's Common Stock since November 3, 1997. The result of this
change is that the Unitrin Ownership Percentage in the Issuer's Common
Stock has decreased from 23.2% as reported in the original Schedule 13D to
22.5% as of the date of this Amendment.
To the best knowledge and belief of the filing persons, during the past
sixty (60) days no filing person nor anyone listed on the attached
Schedules has entered into any transactions involving the Issuer's Common
Stock. To the best knowledge and belief of the filing persons, no one
listed on the attached Schedules beneficially owns shares of the Issuer's
Common Stock.
Item 7. Material to be Filed as Exhibits
Attached is a copy of an Agreement authorizing Unitrin to file a joint
statement.
Page 8 of 13
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: February 1, 2001 UNITRIN, INC.
By: /s/ Eric J. Draut
--------------------------------------------
Eric J. Draut
Senior Vice President,
Chief Financial Officer and Treasurer
Page 9 of 13
AGREEMENT
UNITRIN, INC., TRINITY UNIVERSAL INSURANCE COMPANY, UNITED INSURANCE
COMPANY OF AMERICA and UNION NATIONAL LIFE INSURANCE COMPANY by their
undersigned officers hereby agree that Unitrin, Inc. shall file or amend a
joint statement on behalf of all such companies whenever any or all are
required by Section 13(d) of the Securities Exchange Act of 1934, as
amended, and the regulations issued pursuant thereto, to file or amend any
statement concerning the ownership of stock of UNOVA, Inc.
Date: February 1, 2001
UNITRIN, INC.
By: /s/ Eric J. Draut
-----------------------------------------
Eric J. Draut
Senior Vice President,
Chief Financial Officer and Treasurer
TRINITY UNIVERSAL INSURANCE COMPANY
By: /s/ John Boschelli
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John Boschelli, Assistant Treasurer
UNITED INSURANCE COMPANY OF AMERICA
By: /s/ John Boschelli
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John Boschelli, Assistant Treasurer
UNION NATIONAL LIFE INSURANCE COMPANY
By: /s/ John Boschelli
---------------------------------------
John Boschelli, Assistant Treasurer
Page 10 of 13
SCHEDULE UNIT
UNITRIN, INC.
POSITION WITH UNITRIN
NAME (ALL U.S. CITIZENS BUSINESS (PRINCIPAL OCCUPATION,
UNLESS OTHERWISE NOTED) ADDRESS IF DIFFERENT, PRESENTED IN FOOTNOTES)
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James E. Annable (2) Director
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David F. Bengston (8) (1) Vice President
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Eric J. Draut (8) (1) Senior Vice President, Treasurer &
Chief Financial Officer
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Douglas G. Geoga (3) Director
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Reuben L. Hedlund (4) Director
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Jerrold V. Jerome (5) Director
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William E. Johnston, Jr. (6) Director
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Edward J. Konar (1) Vice President
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Scott Renwick (1) Secretary & General Counsel
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Richard Roeske(8) (1) Vice President and Controller
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Fayez S. Sarofim (7) Director
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Donald G. Southwell (8) (1) Senior Vice President
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Richard C. Vie (8) (1) Chairman of the Board, President &
Chief Executive Officer
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(1) One East Wacker Drive, Chicago, Illinois 60601.
(2) Mr. Annable is a Senior Vice President and Director of Economics of
Bank One Corporation. One First National Plaza, Suite 0476, Chicago,
Illinois 60670.
(3) Mr. Geoga is President of Hospitality Investment Fund, L.L.C. 200
West Madison, 38th Floor, Chicago, Illinois 60606.
(4) Mr. Hedlund is a partner in the law firm of Hedlund, Hanley &
Trefelet. Sears Tower, Suite 5700, Chicago, Illinois 60606.
(5) Mr. Jerome is a retired executive. 41 Country Meadows Road, Rolling
Hills Estates, CA 90274.
(6) Mr. Johnston is a business executive. 155 N. Harbor Drive, Chicago,
Illinois 60601.
(7) Mr. Sarofim is the Chairman of the Board and President of Fayez
Sarofim & Co., a registered investment advisor. Two Houston Center,
Suite 2907, Houston, Texas 77010
(8) See also Schedule(s) T, UNL and/or U filed herewith.
Page 11 of 13
SCHEDULE U
UNITED INSURANCE COMPANY OF AMERICA
POSITION WITH UNITED
NAME (ALL U.S. CITIZENS BUSINESS (PRINCIPAL OCCUPATION,
UNLESS OTHERWISE NOTED) ADDRESS IF DIFFERENT, PRESENTED IN FOOTNOTES)
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Eric J. Draut (2) (1) (A) Director
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Patricia G. Grider (1) Senior Vice President & Secretary
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Richard J. Miller (1) Vice President
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Thomas D. Myers (2) (1) Treasurer
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Don M. Royster, Sr. (1) Director & President
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David L. Smith (1) Vice President
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Donald G. Southwell (2) (1) (A) Director & Chairman of the Board
-------------------------------------------------------------------------------
Richard C. Vie (2) (1) (A) Director
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Charles L. Wood (2) (1) Vice President
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(1) One East Wacker Drive, Chicago, Illinois 60601.
(2) See also Schedule(s) T, UNL, and/or UNIT, filed herewith.
(A) Member, Investment Committee of the Board of Directors.
Page 12 of 13
SCHEDULE T
TRINITY UNIVERSAL INSURANCE COMPANY
POSITION WITH TRINITY
NAME (ALL U.S. CITIZENS BUSINESS (PRINCIPAL OCCUPATION,
UNLESS OTHERWISE NOTED) ADDRESS IF DIFFERENT, PRESENTED IN FOOTNOTES)
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David F. Bengston (3) (1) Director
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Robert F. Buehler (2) Senior Vice President, Treasurer &
Director
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Roger M. Buss (2) Vice President
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Donald C. Crutchfield (2) Vice President
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Eric J. Draut (3) (1) (A) Director
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Judith E. Fagan (2) Senior Vice President, Secretary &
Director
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William P. Fisanick (2) Chief Actuary
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Dennis O. Halsey (2) Senior Vice President
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Ronald I. Henry (2) Vice President
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Dorothy A. Langley (2) Vice President & Corporate Counsel
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Richard Roeske (3) (1) Director
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Donald G. Southwell (3) (1) President, Director & Chairman of
the Board
-------------------------------------------------------------------------------
Richard C. Vie (3) (1) (A) Director
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(1) One East Wacker Drive, Chicago, Illinois 60601.
(2) Trinity Universal Insurance Company, 10000 North Central Expressway,
Dallas, Texas 75231
(3) See also, Schedules(s) UNL, U, and/or UNIT, filed herewith.
(A) Member, Investment Committee of the Board of Directors.
Page 13 of 13
SCHEDULE UNL
UNION NATIONAL LIFE INSURANCE COMPANY
NAME (ALL U.S. CITIZENS BUSINESS POSITION WITH UNION NATIONAL (PRINCIPAL
UNLESS OTHERWISE NOTED) ADDRESS OCCUPATION, IF DIFFERENT, PRESENTED IN
FOOTNOTES)
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Eric J. Draut (3) (1) (A) Director
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Jerry W. Hester (2) President & Director
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R. Paul Hillman (2) Treasurer & Controller
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James A. Marquette (2) Vice President & Secretary
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Thomas D. Myers (3) (1) Vice President & Assistant Treasurer
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Donald G. Southwell (3) (1) Director & Chairman of the Board
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Richard C. Vie (3) (1) (A) Director
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Charles L. Wood (3) (1) Director
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(1) One East Wacker Drive, Chicago, Illinois 60601.
(2) Union National Life Insurance Company, 8282 Goodwood Boulevard,
Baton Rouge, Louisiana 70806
(3) See also, Schedules(s) T, U, and/or UNIT, filed herewith.
(A) Member, Investment Committee of the Board of Directors.