SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 42)
Lynch Corporation
(Name of Issuer)
Common Stock, No Par Value
(Title of Class of Securities)
551137102
(CUSIP Number)
John Fikre
Lynch Corporation
401 Theodore Fremd Ave.
Rye, New York 10580
(914) 921-8821
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
August 17, 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 Sections 240.13d-1(e), 240.13d-1(f)
or 240.13d-1(g), check the following box.
CUSIP No. 551137102
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Mario J. Gabelli
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)
(b)
3
SEC USE ONLY
4
Source of funds (SEE INSTRUCTIONS)
None
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
NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
433,811 (Item 5)
8
SHARED VOTING POWER
NONE
9
SOLE DISPOSITIVE POWER
433,811 (ITEM 5)
10
SHARED DISPOSITIVE POWER
NONE
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
433,811 (ITEM 5)
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.72%
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
CUSIP No. 551137102
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Gabelli Foundation, Inc.
I.D. NO. 94-2975159
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)
(b)
3
SEC USE ONLY
4
SOURCE OF FUNDS N(SEE INSTRUCTIONS)
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
NV
NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
800 (Item 5)
8
SHARED VOTING POWER
NONE
9
SOLE DISPOSITIVE POWER
800 (Item 5)
10
SHARED DISPOSITIVE POWER
NONE
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
800 (ITEM 5)
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.05%
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
00-PRIVATE FOUNDATION
Item 1. Security and Issuer
This Amendment No. 42 to Schedule 13D on the Common Stock of Lynch
Corporation (the "Issuer") is being filed on behalf of the undersigned to amend
the Schedule 13D, as amended (the "Schedule 13D") which was originally filed on
June 25, 1996. Unless otherwise indicated, all capitalized terms used herein
but not defined herein shall have the same meanings as set forth in the
Schedule 13D.
Item 2. Identity and Background
(a), (b), and (c) - This statement is being filed by Mario J.
Gabelli ("Mr. Gabelli"), and the Gabelli Foundation, Inc. (the "Foundation").
Mr. Gabelli is the Chairman, Chief Executive Officer and Chief Investment
Officer of Gabelli Asset Management, Inc. ("GAMI"), a publicly-traded
financial services firm. Mr. Gabelli is also the Chairman, Chief Executive
Officer and Chief Investment Officer of Gabelli Group Capital Partners, Inc., a
private holding company that makes investments and owns approximately 80% of
the Common Stock of GAMI. Mr. Gabelli is also a director or trustee for all of
the registered investment companies advised by Gabelli Funds, LLC, a wholly-
owned subsidiary of GAMI. He is also the Vice Chairman of the Board of the
Issuer; Chairman and Chief Executive Officer of Lynch Interactive Corporation
and a director of Spinnaker Industries, Inc. ("Spinnaker"), which is a
subsidiary of the issuer. Mr. Gabelli's business address is One Corporate
Center, Rye, New York 10580. The Foundation's business address is 165 West
Liberty Street, Reno, Nevada 89501.
(d) and (e) - Not applicable.
(f) - Mr. Gabelli is a citizen of the United States. The
Foundation is a Nevada Corporation.
Item 3. Source and Amount of Funds or Other Consideration
Item 3 to Schedule 13D is amended, in pertinent part, as follows:
The additional Securities beneficially owned by Mario Gabelli since
the most recent filing on Schedule 13D were acquired by the Issuer's 401(k)
Savings Plan with funds contributed by Mr. Gabelli through payroll deductions.
Item 5. Interest In Securities Of The Issuer
Item 5 to Schedule 13D is amended, in pertinent part, as follows:
(a) The aggregate number of Securities to which this Schedule 13D
relates is 434,611 shares, representing 28.77% of the 1,510,183 shares
outstanding as reported in the Issuer's most recent Form 10-Q for the quarter
ended June 30, 2001. The Reporting Persons beneficially own those Securities
as follows:
Name
Shares of
Common Stock
% of Class of
Common
Mario Gabelli
433,811
28.72%
Foundation
800
0.05%
Mario Gabelli is deemed to have beneficial ownership of the
Securities owned beneficially by each of the foregoing persons.
(b) Each of the Reporting Persons and Covered Persons has the sole
power to vote or direct the vote and sole power to dispose or to direct the
disposition of the Securities reported for it.
(c)-(e) Not applicable.
Item 6. Contracts, Agreements, Understandings or Relationships with
Respect to Securities of the Issuer
On August 17, 2001, Mr. Gabelli entered into an agreement (the
"Agreement") with the Issuer and Ralph R. Papitto ("Mr. Papitto") pursuant to
which, among other things, Mr. Gabelli has agreed to vote all shares of Common
Stock of the Issuer personally owned by him in favor of the grant by the Issuer
to Mr. Papitto of an option to purchase up to 372,471 shares of Common Stock.
A copy of the Agreement is filed herewith as Exhibit F and is incorporated
herein by reference.
Item 7. Material to be Filed as an Exhibit
Exhibit F: Agreement dated August 17, 2001 among Lynch
Corporation, Mario J. Gabelli and Ralph R. Papitto (incorporated
by reference to Exhibit 10(w) to the Current Report on Form 8-K of
the Company filed on August 27, 2001).
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.
Dated: August 29, 2001
MARIO J. GABELLI
By: /s/ John Fikre
John Fikre
Attorney-in-Fact
GABELLI FOUNDATION, INC.
By: /s/ John Fikre
Mario J. Gabelli, President
by: John Fikre
Attorney-in-Fact
Schedule I
Information with Respect to Executive
Officers and Directors of the Undersigned
Schedule I to Schedule 13D is amended, in pertinent part, as
follows:
The following sets forth as to each of the executive officers and
directors of the undersigned: his name; his business address; his
present principal occupation or employment and the name, principal
business and address of any corporation or other organization in
which such employment is conducted. Unless otherwise specified,
the principal employer of each such individual is Gabelli Group
Capital Partners, Inc., Gabelli Asset Management Inc., Gabelli
Funds, LLC, Gabelli & Company, Inc., or GAMCO Investors, Inc., the
business address of each of which is One Corporate Center, Rye, New
York 10580, and each such individual identified below is a citizen
of the United States. To the knowledge of the undersigned, during
the last five years, no such person has been convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanors), and no such person was a party to a civil proceeding
of a judicial or administrative body of competent jurisdiction as a
result of which he was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities law or finding
any violation with respect to such laws except as reported in Item
2(d) of this Schedule 13D.
Gabelli Group Capital Partners,
Inc.
Directors:
Mario J. Gabelli
Chief Executive Officer and Chief Investment
Officer of Gabelli Group Capital Partners, Inc.,
Gabelli Asset Management Inc., and GAMCO
Investors, Inc.; Director/Trustee of all
registered investment companies advised by Gabelli
Funds, LLC; Chairman and Chief Executive Officer
of Lynch Interactive Corporation; Vice Chairman of
Lynch Corporation.
Richard B. Black
Vice Chairman of the Board of Directors of Oak
Technology, Inc.; Chairman of ECRM; Director of
The Morgan Group, Inc.; General Partner of KBA
Partners
Parker Plaza
400 Kelby Street
Fort Lee, NJ 07029
Charles C. Baum
Chairman and Director of The Morgan Group, Inc.;
Secretary & Treasurer
United Holdings Co., Inc.
2545 Wilkens Avenue
Baltimore, MD 21223
Eamon M. Kelly
Professor
Payson Center for International
Development Technology Transfer
Tulane University
300 Gibson Hall
6823 St. Charles Avenue
New Orleans, LA 70118
Arnold M. Reichman
Chief Executive Officer
Outercurve Technologies
609 Greenwich Street
New York, NY 10014
Marc J. Gabelli
Managing Director
Matthew R. Gabelli
Vice President - Trading
Gabelli & Company, Inc.
One Corporate Center
Rye, New York 10580
Officers:
Mario J. Gabelli
Chairman, Chief Executive Officer and Chief
Investment Officer
Robert S. Zuccaro
Vice President and Chief Financial Officer
James E. McKee
Vice President, General Counsel and Secretary
Gabelli Asset Management
Inc.
Directors:
Raymond C. Avansino,
Jr.
Chairman
E.L. Wiegand Foundation
165 West Liberty Street
Reno, NV 89501
Mario J. Gabelli
See Above
Paul B. Guenther
Chairman
New York Philharmonic
10 Lincoln Center Plaza
New York, NY 10023
John C. Ferrara
President
SPACE.com
120 West 45th Street
New York, NY 10036
Dr. Eamon M. Kelly
See Above
Karl Otto Pohl (1)
Sal. Oppenheim jr. & Cie.
Bockenheimer Landstrasse 20
D-6000 FRANKFURT AM MAIN
Germany
Officers:
Mario J. Gabelli
Chairman, Chief Executive Officer and Chief
Investment Officer
Robert S. Zuccaro
Vice President and Chief Financial Officer
James E. McKee
Vice President, General Counsel and Secretary
GAMCO Investors, Inc.
Directors:
Douglas R. Jamieson
Joseph R. Rindler,
Jr.
Regina M. Pitaro
F. William Scholz, II
William S. Selby
Officers:
Mario J. Gabelli
Chief Executive Officer and Chief Investment
Officer
Joseph R. Rindler,
Jr.
Chairman
Douglas R. Jamieson
Executive Vice President and Chief Operating
Officer
Robert S. Zuccaro
Vice President and Chief Financial Officer
James E. McKee
Vice President, General Counsel and Secretary
Gabelli Funds, LLC
Officers:
Mario J. Gabelli
Chief Investment Officer
Bruce N. Alpert
Executive Vice President and Chief Operating
Officer
Gus Coutsouros
Vice President and Chief Financial Officer
James E. McKee
Secretary
Gabelli Advisers, Inc.
Directors:
Bruce N. Alpert
John D. Gabelli
Joseph R. Rindler.
Jr.
Officers:
Bruce N. Alpert
Chief Operating Officer
James E. McKee
Secretary
Gabelli Securities, Inc.
Directors:
Robert W. Blake
President of W. R. Blake & Sons, Inc.
196-20 Northern Boulevard
Flushing, NY 11358
Douglas G. DeVivo
General Partner of ALCE Partners, L.P.
One First Street, Suite 16
Los Altos, CA 94022
Joseph R. Rindler,
Jr.
See above
Officers:
Robert S. Zuccaro
Vice President-Finance
James E. McKee
Secretary
Gabelli & Company, Inc.
Directors:
James G. Webster, III
Chairman & Interim President
Irene Smolicz
Senior Trader
Gabelli & Company, Inc.
Robert S. Zuccaro
See above
Officers:
James G. Webster, III
Chairman & Interim President
Bruce N. Alpert
Vice President - Mutual Funds
Walter K. Walsh
Compliance Officer
James E. McKee
Secretary
GLI, Inc.
Directors:
Mario J. Gabelli
See above - Gabelli Group Capital Partners, Inc.
Officers:
Mario J. Gabelli
Chairman and Chief Investment Officer
Gabelli Associates Limited
Directors:
Mario J. Gabelli
See above - Gabelli Group Capital Partners, Inc.
MeesPierson Management
(Cayman) Limited
Grand Pavillion, Commercial Center
802 West Bay Rd.
Grand Cayman, British West Indies
MeesPierson Nominees
(Cayman) Limited
Grand Pavillion, Commercial Center
802 West Bay Rd.
Grand Cayman, British West Indies
Officers:
Mario J. Gabelli
Chief Investment Officer
Kevin Bromley (2)
Vice President, Treasurer and Assistant Secretary
Sandra Wright (2)
Secretary and Assistant Treasurer
Gabelli International Limited
Directors:
Mario J. Gabelli
See above - Gabelli Group Capital Partners, Inc.
MeesPierson Management
(Cayman) Limited
Grand Pavillion, Commercial Center
802 West Bay Rd.
Grand Cayman, British West Indies
Gabelli Fund, LDC
Directors:
Johann S. Wong (4)
c/o Tremont (Bermuda) Limited
Tremont House
4 Park Road
Hamilton, HM11
Bermuda
Peter D. Anderson (5)
Givens Hall Bank & Trust
Genesis Building
P.O. Box 2097
Grand Cayman, Cayman Islands
BWI 3459498141
Karl Otto Pohl
See above
Anthonie C. van Ekris
See below
Gabelli Global Partners Master
Fund, Ltd.
Directors:
Marc J. Gabelli
See above
Patrick Salvisberg (6)
Vice President
Institutional Capital Markets Bear Stearns
International Ltd.
Marco Sampelligrani (7)
Trader, Gabelli Securities, Inc.
Antonie Van Ekris
See below
Gabelli European Partners Master
Fund, Ltd.
Directors:
Marc J. Gabelli
See above
Patrick Salvisberg (6)
See above
Marco Sampelligrani (7)
See above
Antonie Van Ekris
See below
Lynch Corporation,
401 Theodore Fremd Avenue Rye, NY 10580
Directors:
Mario J. Gabelli
See above - Gabelli Group Capital Partners, Inc.
E. Val Cerutti
Business Consultant, Cerutti Consultants
227 McLain Street
Mount Kisco, NY 10540
Ralph R. Papitto
Chairman of the Board
AFC Cable Systems, Inc.
50 Kennedy Plaza - Suite 1250
Providence, RI 02903
Avrum Gray
Gbar Limited Partnership
440 South LaSalle, Suite 2900
Chicago, IL 60605
Louis A. Guzzetti
President and Chief Executive Officer
Robert E. Dolan
See below
Officers:
Mario J. Gabelli
Chairman
Louis A. Guzzetti
President and Chief Executive Officer
George E. Fuehrer
Vice President - Business Development
Roger T. Dexter
Controller
Lynch Interactive Corporation,
401 Theodore Fremd Avenue Rye, NY 10580
Directors:
Paul J. Evanson
President
Florida Light & Power Co.
P.O. Box 14000
700 Universe Blvd.
Juno Beach, FL 33408
Mario J. Gabelli
See above - Gabelli Group Capital Partners, Inc.
Ralph R. Papitto
Chairman of the Board
AFC Cable Systems, Inc.
50 Kennedy Plaza - Suite 1250
Providence, RI 02903
Salvatore Muoio
Principal
S. Muoio & Co., LLC
Suite 406
509 Madison Ave.
New York, NY 10022
John C. Ferrara
See above
David C. Mitchell
Business Consultant
c/o Lynch Corporation
401 Theodore Fremd Ave.
Rye, NY 10580
Vincent S. Tese
Lawyer, Investment Adviser and Cable Television
Executive
c/o Bear Stearns & Company, Inc.
245 Park Avenue, 19th Floor
New York, NY 10167
Officers:
Mario J. Gabelli
Chairman and Chief Executive Officer
Robert E. Dolan
Chief Financial Officer
Brighton Communications Corporation
401 Theodore Fremd Avenue Rye, NY 10580
Directors:
Robert E. Dolan
See above - Lynch Interactive Corporation
Robert A. Hurwich
See above - Lynch Interactive Corporation
Officers:
Robert E. Dolan
President, Controller, Tresurer and Assistant
Secretary
Spinnaker Industries, Inc.,
600 N. Pearl Street - Suite 2160, Dallas, TX 75201
Directors:
Joseph P. Rhein
5003 Central Avenue
Ocean City, NJ 08226
Richard J. Boyle
The Boyle Group, Inc.
6110 Blue Circle Drive - Suite 250
Minnetonka, MN 55343
Ned N. Fleming, III
Boyle, Fleming, George & Co., Inc.
600 N. Pearl Street - Suite 2160
Dallas, TX 75201
Anthonie C. van Ekris
Chairman and Chief Executive Officer
Balmac International, Inc.
61 Broadway - Suite 1900
New York, NY 10006
Mario J. Gabelli
See above - Gabelli Group Capital Partners, Inc.
E. Val Cerutti
See above - Lynch Corporation
Louis A. Guzzetti
See above - Lynch Corporation
Ralph R. Papitto
See above - Lynch Corporation
Officers:
Ned N. Fleming, III
President
Richard J. Boyle
Office of the Chairman
Mario J. Gabelli
Office of the Chairman
Louis A. Guzzetti
Office of the Chairman
Perry J. Schiller
Vice President, Finance & Controller
Entoleter, Inc.,
251 Welton Street, Hamden, CT 06517
Directors:
Ned N. Fleming, III
See above - Spinnaker
Robert P. Wentzel
See above - Entoleter
Richard J. Boyle
See above - Spinnaker
Louis A. Guzzetti
See above - Lynch Corporation
Officers:
Robert P. Wentzel
President
Charles DeMarino
Controller & Secretary
Western New Mexico Telephone Company,
314 Yankee Street, Silver City, NM 88062
Directors:
Jack W. Keen
Chairman and President
Dr. Brian E. Gordon
Vice President
Mary Beth Baxter
Secretary & Treasurer
John Clay Keen
Route 6
Box 270
Greenville, TX 75401
Robert E. Dolan
See above - Lynch Corporation
Carmine Ceraolo
See above - Lynch Corporation
Mary J. Carroll
See above - Lynch Corporation
Eugene P. Connell
See above - Lynch Corporation
Officers:
Jack W. Keen
Chairman and President
Dr. Brian E. Gordon
Vice President
Charles M. Baxter
Senior Vice President - Operations
Mary Beth Baxter
Secretary & Treasurer
Inter-Community Telephone Company, L.L.C.
P.O. Box A, Nome, ND 58062
Managers:
Carole Rau
Executive Assistant
Lynch Corporation
401 Theodore Fremd Ave.
Rye, NY 10580
Mary J. Carroll
See above - Lynch Corporation
Robert E. Dolan
See above - Lynch Corporation
Carmine P. Ceraolo
Assistant Controller
Lynch Corporation
401 Theodore Fremd Ave
Rye, NY 10580
Robert Snyder
200 Broadway South, Buffalo, ND 58011
Keith S. Andersen
See above - Inter-Community Telephone Company
Robert Reff
See above - Inter-Community Telephone Company
Jack Bently
1210 E. Washington Ave
Gilbert, AZ 85234
Officers:
Robert Snyder
President
Keith S. Andersen
Secretary and Treasurer
Central Scott Telephone Company
125 North Second Street, Eldridge, Iowa 52748
Directors:
Mary J. Carroll
See above - Lynch Interactive Corporation
Robert E. Dolan
See above - Lynch Interactive Corporation
W. Norman Harvey
President
Edgar H. Holden
Chairman
Ned Mohr
c/o Central Scott Telephone Company
Eugene Morris
c/o Central Scott Telephone Company
Christopher Porter
c/o Central Scott Telephone Company
Carole L. Rau
See above - Lynch Interactive Corporation
Officers:
Edgar H. Holden
Chairman
W. Norman Harvey
President
Robert E. Dolan
Vice President & Assistant Treasurer
Julie Andersen
Treasurer & Assistant Secretary
Kent Dau
Controller
Lynch Telephone Corporation,
401 Theodore Fremd Avenue, Rye, NY 10580
Directors:
Robert E. Dolan
See above - Lynch Interactive Corporation
Jack W. Keen
See above - Western New Mexico Telephone Company
Officers:
Jack W. Keen
President
Mary Beth Baxter
Treasurer and Assistant Secretary
Robert E. Dolan
Vice President and Controller
Lynch Telephone Corporation III,
401 Theodore Fremd Avenue, Rye, NY 10580
Directors:
Delores A. Deitrick
c/o Lynch Telephone Corporation III
Robert E. Dolan
See above - Lynch Interactive Corporation
Richard J. Kiesling
Chairman
Mary J. Carroll
See above - Lynch Interactive Corporation
Officers:
Richard J. Kiesling
Chairman
Robert E. Dolan
President, Treasurer and Controller
(1) Citizen of Germany
(2) Citizen of the Cayman Islands
(3) Citizen of Bermuda
(4) Citizen of Bermuda and Canada
(5) Citizen of the UK
(6) Citizen of Switzerland
(7) Citizen of Italy
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