SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 5)* EMCOR GROUP, INC. ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.01 Par Value Per Share ------------------------------------------------------------------------------- (Title of Class of Securities) 29084Q100 --------- (CUSIP Number) December 31, 2001 ----------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) * 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 the 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). Page 1 of 6 pages ---------------------- --------------------------- CUSIP No. 29084Q100 13G Page 2 of 6 Pages ---------------------- --------------------------- -------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Cumberland Associates LLC -------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [X] -------- ---------------------------------------------------------------------- 3 SEC USE ONLY -------- ---------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York -------- ---------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 188,696 SHARES --------- ------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 21,304 REPORTING --------- ------------------------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER 188,696 --------- ------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 21,304 ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 210,000 -------- ---------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES -------- ---------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.4% -------- ---------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* 00, IA -------- ---------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Item 1(a) Name of Issuer: -------------- Emcor Group, Inc. (the "Issuer") Item 1(b) Address of Issuer's Principal Executive Offices: ----------------------------------------------- 101 Merritt Seven Corporate Park Norwalk, Connecticut 06851 Items 2(a) Name of Person Filing: --------------------- This statement is being filed by Cumberland Associates LLC. Cumberland Associates LLC is a limited liability company organized under the laws of the State of New York, and is engaged in the business of managing, on a discretionary basis, ten securities accounts (the "Accounts"), the principal one of which is Cumberland Partners. Gary Tynes, Bruce G. Wilcox and Andrew M. Wallach are the members (the "Members") of Cumberland Associates LLC. Item 2(b) Address of Principal Business Office: ------------------------------------ The address of the principal business and office of Cumberland Associates LLC and each of the Members is 1114 Avenue of the Americas, New York, New York 10036. Item 2(c) Citizenship: ----------- Cumberland Associates LLC is a New York limited liability company. Each of the Members is a citizen of the United States. Item 2(d) Title of Class of Securities: ---------------------------- Common Stock, par value $.01 per share (the "Shares") Item 2(e) CUSIP Number: ------------ 29084Q100 Item 3 Not Applicable Item 4. Ownership: --------- Item 4(a) Amount Beneficially Owned: ------------------------- As of December 31, 2001, Cumberland Associates LLC may be deemed the beneficial owner of 210,000 Shares. Item 4(b) Percent of Class: ---------------- The number of Shares of which Cumberland Associates LLC may be deemed to be the beneficial owner constitutes approximately 1.4% of the total number of Shares outstanding. Item 4(c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 188,696 (ii) Shared power to vote or to direct the vote: 21,304 (iii) Sole power to dispose or to direct the disposition of: 188,696 (iv) Shared power to dispose or to direct the disposition of: 21,304 Item 5 Ownership of Five Percent or Less of a Class: -------------------------------------------- If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [X] Item 6 Ownership of More than Five Percent on Behalf of Another Person: --------------------------------------------------------------- The beneficial owners of the Accounts have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares held for each Account in accordance with their ownership interests in each such Account. Item 7 Identification and Classification of the Subsidiary Which --------------------------------------------------------- Acquired the Security Being Reported on By the Parent Holding ------------------------------------------------------------- Company: ------- Not Applicable Item 8 Identification and Classification of Members of the Group: --------------------------------------------------------- Not Applicable Item 9 Notice of Dissolution of Group: ------------------------------ Not Applicable Item 10 Certification: ------------- By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 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: February 14, 2002 CUMBERLAND ASSOCIATES LLC By: /s/ Andrew M. Wallach ------------------------------ Name: Andrew M. Wallach Title: Member