sec.neW~~l~ Issue 82-117 i9~~,! U.S. S~CURITIES t,NQ EXCHANGE COMM!:.5SION COMMISSION ANNOUNCEMENTS SCHEDULE OF WITNESSES FOR RULE 415 HEARINGS The following schedule ·has been established for the hearings on Rule 415 concerning the registration of securities to be sold in delayed or continuous offerings. The hearings will be held in Room 776 of the Securities and Exchange Commission, 500 North Capitol Street, Washington, D.C. 20549. Monday, June 28 2:00 p.m. - 5:30 p.m. Opening Statements National Association of Securities Dealers, Inc. Citicorp, Donald S. Howard, Executive Vice President Salomon Brothers Inc., John Gutfreund, Chairman and Chief Executive Officer Warburg Paribas Becker--A.G. Becker Inc., Ira T. Wender, President and Chief Executive Officer Tuesday, June 29 9:30 a.m. - 12:30 p.m. The Roundtable (an association of regional firms), David Klann, Senior Vice President of Blunt Ellis & Loewi, Inc. Blunt Ellis & Loewi, Inc., David Klann, Senior Vice President Wheat, First Securities, Inc., Mark Gambill, Vice President Piper, Jaffray & Hopwood Inc., John S. Bacon, Vice President/Syndicate Manager Prescott, Ball & Turben, John Goldsmith, Managing Partner Edward A. Viner & Co., Inc., Daniel J. Cristofano, Executive Vice President Moore & Schley, Cameron & Co., Frank Trotta, Partner Josephtha1 & Co. Inc., Richard B. Matty, Vice President/Syndicate Manager 2:00 p.m. - 5:15 p.m. J.C. Bradford & Co., J.C. Bradford, President WID. C. Roney & Co., Wm. C. Roney, Jr., General Partner First Florida Securities, Inc., Richard A. Brennan, Vice President/syndicate Manager Rotan Mos1e Inc., John Stanton, Chairman The Ohio Company, Lawrence G. McGuire, Vice President/Syndicate Manager Boettcher & Co., Richard M. Hufnagel, Special Partner, Corporate Bond Dept. and Debt Syndicate Manager Legg Mason Wood Walker Inc., Edmund J. Cashman, Jr., Executive Vice President Butch~r & Singer Inc., Michael Foley, Senior Vice President Wednesday, June 30 2:30 p.m. - 5:30 p.m. Stifel, Nicolaus & Co., Inc., J. Joseph Sch1afly, Vice President Bateman Eichler, Hill Richards Inc., John Siciliano, First Vice President and Manager, Corporate Syndicate Department J.J.B. Hilliard, W. L. Lyons, Inc., W. Allen Northcutt, Senior Vice President Sutro & Co. Inc., Charles Murphy, Director of Investment Banking The Milwaukee Company, Ross M. Langill, Vice President and Syndicate Manager D.A. Davidson & Co. Inc., Jerry Milkowski, Vice President in Charge of Syndicate Department A.E. Masten & Co. Inc., James Kingsbury, Executive Vice President Goldman, Sachs & Co., John Whitehead, Senior Partner Thursday, July 1 9:30 a.m. - 12:30 p.m. Securities Industry Association, Edgar D. Janotta, Chairman Underwood Neuhaus & Co., Inc., Harry Zuber, Senior Vice President, Director Howard, Weil, Labouisse, Friedrichs Inc., John B. Levert, Jr., President Advest, Inc., Randolph Guggenheimer, Jr., Group Vice President, Director McDonald & Co., John E. Kohl, Partner/Syndicate Department Kidder, Peabody & Co. Inc., Ralph D. DeNunzio, President and Chief Executive Officer 1:45 p.m. - 5:15 p.m. A. Gary Shilling & Co., Inc. Lehman Brothers Kuhn Loeb Inc., Francois de ~aint Phalle, ~ag~ng Di~ector E.I. duPont de Nemours & Company, Inc., C.~. Minix, Treasurer Morgan Stanley & Co., Inc., Thomas A. Saunders, III, Managing Director Friday, July 2 9:30 a.m. - 12:30 p.m. Dean witter Reynolds Inc., F. Gerald McGrath, Executive Vice President American Council of Life Insurance, David Albenda, Vice President and Associate General Counsel, N. Y. Life Insurance Co. Reid & Priest, William T. Baker, Jr., Partner Merrill Lynch, Pierce, Fenner & Smith Inc., William Schrier, Chief Executive Officer 2:00 p.m. ~ 2:45 p.m. Shearson/American Express, Inc. CIVl PROCEEDINaS CACTUS ENERGY COMPANY, OTHERS ENJOINED The Fort Worth Regional Office announced that on June 8 the Honorable Lee West, U.S. District Court Judge for the Western District of Oklahoma, entered an Order of Permanent Injunction against Cactus Energy Company and Filco, Inc. of Bethany, Oklahoma, and Amarillo, Texas, respectively, and Daniel H. Lloyd of Piedmont, Oklahoma. The Order permanently enjoins the defendants from further violations of the registration and antifraud provisions of the securities laws. The defendants consented to the entry of the Order without admitting or deqying the allegations of the Commission's complaint. The complaint, also filed on June 8, alleged that the defendants offered and sold over $4.7 million of unregistered securities.in the form of fractional undivided interests and limited partnership interests in oil and gas leases to approximately 170 investors. The complaint further alleged that the defendants made material mis- representations and omitted to state material facts, concerning, among other things: the amount and rate of return an investor could expect from an investment with Cactus or Filco; the financial condition of Cactus; the background and experience of Lloyd; the number of wells drilled and owned by Filco; and the property to be acquired by Pi1co investors. (SEC v. Daniel H. Lloyd, et a1., USDC/WD/OKLA/Civ. No. 82-824W). (LR-9696) C_AL PROCEEDINGS JAMES MITCHELL NEWMAN CONVICTED The New York Regional Office announced that on May 21 James Mitchell Newman of New York, New York, was convicted by a U.S. District Court Jury in the Southern District of New York on 15 counts of securities fraud, conspiracy to commit securities fraud, 2 NEWS DIGEST, June 18, 1982 and mail fraud. On February 3, 1981, a federal grand jury in Manhattan indicted Newman and three other defendants on 27 counts of those offenses. The indictment charged that Newman and the other defendants effected transactions in the securities of 17 companies on the basis of material, nonpublic information about impending takeovers of those companies. The indictment was dismissed by U.S. District Judge Charles S. Haight, Jr. on May 19, 1981. On October 30, 1981 the judgment of dismissal was reversed and the indictment reinstated by the U.S. Court of Appeals for the Second Circuit. Newman is scheduled to be sentenced by Judge Haight on July 8. (U.S. v. James Mitchell Newman, et al., 82 Cr. 166, CSH, S.D.N.Y.). (LRp9697) INVESTMENT COMPANY ACT RELEASES THE VARIABLE ANNUITY LIFE INSURANCE COMPANY SEPARATE ACCOUNT A A notice has been issued giving interested persons until July 6 to request a hearing on an application by The Variable Annuity Life Insurance Company (VALIC), The Vari- able Annuity Life Insurance Company Separate Account A (the Account), and The Variable Annuity Marketing Company (VAMCO), for an order granting exemptions to the extent requested pursuant to Section 6(c) of the Investment Company Act of 1940 from Sections 26(a) (2) (D) and 27(c) (2) of the Act and, pursuant to Section 11, approving certain offers of exchange. VALIC is a Texas stock life insurance company: the Account, a separate account of VALIC, is registered under the Act as a unit invest- ment trust. VALIC is the depositor of, and VAMCO, the principal under for, the Account. (ReI. IC-12494 - June 15) LISTING, DELISTING AND UNLISTED TRADING ACTIONS UNLISTED TRADING SOUGHT Notices have been issued g1v1ng interested persons until July 8 to comment on the applications of the Cincinnati Stock Exchange and the Midwest Stock Exchange, IncofiPorated for unlisted trading privileges in two and seven issues, respectively, whic are listed and registered on one or more other national securities exchanges and are reported in the consolidated transaction reporting system. (Rel. 34-18811 and 34-18809) DELI STING GRANTING An order has been issued granting the application of the New York Stock Exchange, Inc. to strike the common stock ($2.50 par value) and 9-3/8% debentures (due 6-30-95) of AM INTERNATIONAL, INC. and the "'21-3/4%convertible guaranteed debentures (due 5-1-88) of ADDRESSOGRAPH MULTIGRAPH INTERNATIONAL CORPORATION (assumed by AM International, Inc.) from listing and registration thereon. (Rel. 34-18812) SELF·REGULATORY ORGANIZATIONS NOTICE AND APPROVAL OF PROPOSED RULE CHANGE The Commission has approved, on an accelerated basis, a proposed rule change filed by Options Clearing Corporation (SR-OCC-82-9) that would amend OCC's financial responsibility rules to conform with the Commission's recent amendments to SEC Rules 15c3-l (17 CFR 1240.l5c3-1) and l7a-ll (17 CFR 1240.17a-ll). Publication of the proposal is expected to be made in the Federal Register during the week of June 21. (Re!. 34-18813) NEWS DIGEST, June 18, 1982 3 · TRUST IDENTURE ACT RELEASES HUGHES TOOL COMPANY An order has been issued under the Trust Indenture Act of 1939 on an application of Hughes Tool Company that the trusteeship of Texas Commerce Bank National Association under various specified indentures is not so likely to involve a material conflict of interest as to make it necessary to disqualify Texas Commerce from acting as trustee. (ReI. TI-734) SECURITIES ACT REGISTRATIONS The following registration statements have been filed with the SEC pursuant to the Securities Act of 1933. The information noted below has been taken from the cover page and the facing sheet of the prospectus and registration statement and will appear as follows: Form, Name, address and phone number (if available) of the issuer of the security: Title and the number or face amount of the securities being offered: Name of the managing underwriter (if applicable); Whether the offering is a rights offering: File number and date filed; Assigned Branch; if the registration statement is a New Issue; and [S] denoting SHELF REGISTRATION pursuant to Rule 415. (5-3) NUCLEAR PHARMACY INCORPORATED, 3240 Juan Tabo, N.E., Building D, Albuquerque, NM 87111 (505) 292-5820 - 425,641 shares of common stock. Underwriter: J. C. Bradford & Co. The company and its subsidiaries are engaged in dispensing and distributing radiopharmaceuticals. (File 2-78036 - June 16) (Br. 4) (5-1) MAY PRIVATE DRILLING PARTNERSHIP 1982-C, 800 One Lincoln Centre, 5400 LBJ Freeway LB8, Dallas, TX 75240 (214) 934-9600 - $5 million of preformation general partnership interests in $10,000 units.