UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)
Cumberland Technologies, Inc.
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(Name of Issuer)
Common Stock, $.001 Par Value
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(Title of Class of Securities)
230800-10-4
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(CUSIP Number)
Robert F. Dow, 2800 One Atlantic Center, 1201 West Peachtree Street,
Atlanta, Georgia 30309-3450
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
November 21, 2002
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(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 ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box |X|.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. Seess.240.13d-7(b) 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).
CUSIP No. 230800-10-4 Page 2 of 5
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1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
Francis M. Williams
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2 Check the Appropriate Box if a Member of a Group (a)|_|
(b)|_|
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3 SEC Use Only
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4 Source of Funds
PF
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5 Check Box 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
United States
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7 Sole Voting Power
2,700,070(1)
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8 Shared Voting Power
1,178,981(2)
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9 Sole Dispositive Power
2,700,070(1)
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10 Shared Dispositive Power
1,178,981(2)
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
3,879,051(1)(2)
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12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |X|
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13 Percent of Class Represented by Amount in Row (11)
69.3 percent
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14 Type of Reporting Person
IN
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SEE INSTRUCTIONS BEFORE FILLING OUT
(1) Includes 2,677,322 shares owned by Mr. Francis Williams; and 22,748 shares
held by Mr. Williams as trustee for his wife and children.
(2) Includes 1,149,635 shares allocated to Mr. Williams based on his 66.7%
ownership in Kimmins Corp., and 29,346 shares owned by Mr. Williams' wife.
Mr. Williams disclaims beneficial ownership of all such shares. Mr.
Williams owns 66.7% of the outstanding common stock of Kimmins Corp. and is
its President and Chairman of the Board.
CUSIP No. 230800-10-4 Page 3 of 5
Item 1. SECURITY AND ISSUER
Security:
Common Stock, $.001 par value
Name of Issuer:
Cumberland Technologies, Inc.
Address of Issuer's Principal Executive Offices:
4311 West Waters Avenue
Suite 501
Tampa, Florida 33614
Item 2. IDENTITY AND BACKGROUND
Item 2(a). Name of Person Filing:
See item (1) of the cover pages
Item 2(b). Address of Principal Business Office:
1501 2nd Avenue
Tampa, Florida 33614
Item 2(c). Principal Occupation:
President and Chairman of the Board of Kimmins Corp.
Item 2(d). None.
Item 2(e). None.
Item 2(f). United States.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The Reporting Person used personal funds to purchase the additional shares
reported herein.
Item 4. PURPOSE OF TRANSACTION
The shares have been purchased for investment purposes. The reporting
person made the following open market purchases in 2002: 4/17/02, 6,000 shares
at an average price of $2.77 per share; 7/25/02, 9,650 shares at $2.94 per
share. In November 2002, the reporting person received 153,050 shares in
partnership distributions from two real estate partnerships in which he was a
partner. The Reporting Person is considering a plan to implement a reverse stock
split which may have the effect of enabling the Company to terminate its
registration under the Securities Exchange Act of 1934.
Item 5. INTEREST IN SECURITIES OF THE ISSUER
(a)-(b) See Items 7-13 of the cover page.
(c) See Item 4 above. No other purchases of the Company's
Common Stock have been effected by the persons named
in Item 2 above within the last sixty days.
(d) Not Applicable.
(e) Not Applicable.
CUSIP No. 230800-10-4 Page 4 of 5
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
Not applicable
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
CUSIP No. 230800-10-4 Page 5 of 5
Signature.
After reasonable inquiry each of the undersigned certifies that to the best
of his knowledge and belief the information set forth in this statement is true,
complete and correct.
/s/ Francis M. Williams December 20, 2002
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Francis M. Williams Date
1571544v1