Exhibit 25.1
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FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2) |__|
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BNY MIDWEST TRUST COMPANY
(formerly known as CTC Illinois Trust Company)
(Exact name of trustee as specified in its charter)
Illinois 36-3800435
(State of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)
2 North LaSalle Street
Suite 1020
Chicago, Illinois 60602
(Address of principal executive offices) (Zip code)
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ARGO-TECH CORPORATION
(Exact name of obligor as specified in its charter)
Delaware 31-1521125
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
23555 Euclid Avenue
Cleveland, Ohio 44117
(Address of principal executive offices) (Zip code)
ADDITIONAL REGISTRANTS
ARGO-TECH CORPORATION (AFTERMARKET)
(Exact name of registrant as specified in its charter)
DELAWARE 3724 91-1797229
(State or other jurisdiction of (Primary standard industrial (I.R.S. employer
incorporation or organization) classification code number) identification number)
23555 EUCLID AVENUE
CLEVELAND, OHIO 44117
(216) 692-6000
(Address, including zip code, and telephone number, including area code,
of registrant's principal executive offices)
ARGO-TECH CORPORATION (HBP)
(Exact name of registrant as specified in its charter)
DELAWARE 6512 06-1100916
(State or other jurisdiction of (Primary standard industrial (I.R.S. employer
incorporation or organization) classification code number) identification number)
23555 EUCLID AVENUE
CLEVELAND, OHIO 44117
(216) 692-6000
(Address, including zip code, and telephone number, including area code,
of registrant's principal executive offices)
ARGO-TECH CORPORATION (OEM)
(Exact name of registrant as specified in its charter)
DELAWARE 3724 31-1521120
(State or other jurisdiction of (Primary standard industrial (I.R.S. employer
incorporation or organization) classification code number) identification number)
23555 EUCLID AVENUE
CLEVELAND, OHIO 44117
(216) 692-6000
(Address, including zip code, and telephone number, including area code, of
registrant's principal executive offices)
-2-
ARGO-TECH CORPORATION COSTA MESA
(Exact name of registrant as specified in its charter)
CALIFORNIA 3728 33-0198905
(State or other jurisdiction of (Primary standard industrial (I.R.S. employer
incorporation or organization) classification code number) identification number)
671 W. SEVENTEENTH STREET
COSTA MESA, CALIFORNIA 92627-3605
(949) 764-2200
(Address, including zip code, and telephone number, including area code, of
registrant's principal executive offices)
DURODYNE, INC.
(Exact name of registrant as specified in its charter)
ARIZONA 3052 86-0301202
(State or other jurisdiction of (Primary standard industrial (I.R.S. employer
incorporation or organization) classification code number) identification number)
850 EAST TETON ROAD
TUCSON, ARIZONA 85076
(520) 294-3491
(Address, including zip code, and telephone number, including area code,
of registrant's principal executive offices)
9-1/4% Senior Notes Due 2011
(Title of the indenture securities)
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3
1. GENERAL INFORMATION. FURNISH THE FOLLOWING INFORMATION AS TO THE TRUSTEE:
(A) NAME AND ADDRESS OF EACH EXAMINING OR SUPERVISING AUTHORITY TO WHICH
IT IS SUBJECT.
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Name Address
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Office of Banks & Trust Companies 500 E. Monroe Street
of the State of Illinois Springfield, Illinois 62701-1532
Federal Reserve Bank of Chicago 230 S. LaSalle Street
Chicago, Illinois 60603
(B) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS.
Yes.
2. AFFILIATIONS WITH OBLIGOR.
IF THE OBLIGOR IS AN AFFILIATE OF THE TRUSTEE, DESCRIBE EACH SUCH
AFFILIATION.
None.
16. LIST OF EXHIBITS.
EXHIBITS IDENTIFIED IN PARENTHESES BELOW, ON FILE WITH THE COMMISSION, ARE
INCORPORATED HEREIN BY REFERENCE AS AN EXHIBIT HERETO, PURSUANT TO RULE
7a-29 UNDER THE TRUST INDENTURE ACT OF 1939 (THE "ACT") AND 17 C.F.R.
229.10(d).
1. A copy of Articles of Incorporation of BNY Midwest Trust Company
(formerly CTC Illinois Trust Company, formerly Continental Trust
Company) as now in effect. (Exhibit 1 to Form T-1 filed with the
Registration Statement No. 333-47688.)
2,3. A copy of the Certificate of Authority of the Trustee as now in
effect, which contains the authority to commence business and a grant
of powers to exercise corporate trust powers. (Exhibit 2 to Form T-1
filed with the Registration Statement No. 333-47688.)
4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1
filed with the Registration Statement No. 333-47688.)
6. The consent of the Trustee required by Section 321(b) of the Act.
(Exhibit 6 to Form T-1 filed with the Registration Statement No.
333-47688.)
-4-
7. A copy of the latest report of condition of the Trustee published
pursuant to law or to the requirements of its supervising or examining
authority.
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SIGNATURE
Pursuant to the requirements of the Act, the Trustee, BNY Midwest Trust
Company, a corporation organized and existing under the laws of the State of
Illinois, has duly caused this statement of eligibility to be signed on its
behalf by the undersigned, thereunto duly authorized, all in The City of
Chicago, and State of Illinois, on the 14th day of September, 2004.
BNY Midwest Trust Company
By: /s/ C. Potter
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Name: C. Potter
Title: Assistant Vice President
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OFFICE OF BANKS AND REAL ESTATE
BUREAU OF BANKS AND TRUST COMPANIES
CONSOLIDATED REPORT OF CONDITION
OF
BNY MIDWEST TRUST COMPANY
2 NORTH LASALLE STREET
SUITE 1020
CHICAGO, ILLINOIS 60602
Including the institution's domestic and foreign subsidiaries completed as of
the close of business on June 30, 2004, submitted in response to the call of the
Office of Banks and Real Estate of the State of Illinois.
ASSETS THOUSANDS OF DOLLARS
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(000)
1. Cash and Due from Depository Institutions................ 40,186
2. U.S. Treasury Securities................................. - 0 -
3. Obligations of States and Political Subdivisions......... - 0 -
4. Other Bonds, Notes and Debentures........................ - 0 -
5. Corporate Stock.......................................... - 0 -
6. Trust Company Premises, Furniture, Fixtures and
Other Assets Representing Trust Company Premises......... 658
7. Accounts Receivable...................................... 5,039
8. Goodwill................................................. 86,813
9. Intangibles ............................................. -0-
10. Other Assets ............................................ 4,166
(Itemize amounts greater than 15% of Line 10)
Income Taxes Receivable.......................4,109
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11. TOTAL ASSETS............................................. 136,862
Page 1 of 1
OFFICE OF BANKS AND REAL ESTATE
BUREAU OF BANKS AND TRUST COMPANIES
CONSOLIDATED REPORT OF CONDITION
OF
BNY MIDWEST TRUST COMPANY
2 NORTH LASALLE STREET
SUITE 1020
CHICAGO, ILLINOIS 60602
LIABILITIES THOUSANDS OF DOLLARS
----------- --------------------
12. Accounts Payable............................................... 2
13. Taxes Payable.................................................. 0
14. Other Liabilities for Borrowed Money........................... 25,425
15. Other Liabilities..............................................
(Itemize amounts greater than 15% of Line 14)
Reserve for Taxes......................... 10,075
10,529
16. TOTAL LIABILITIES 35,956
EQUITY CAPITAL
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17. Preferred Stock................................................ - 0 -
18. Common Stock................................................... 2,000
19. Surplus........................................................ 67,130
20. Reserve for Operating Expenses................................. - 0 -
21. Retained Earnings (Loss)....................................... 31,776
22. TOTAL EQUITY CAPITAL........................................... 100,906
23. TOTAL LIABILITIES AND EQUITY CAPITAL........................... 136,862
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I, Robert L. DePaola, Vice President
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(Name and Title of Officer Authorized to Sign Report)
of BNY Midwest Trust Company certify that the information contained in this
statement is accurate to the best of my knowledge and belief. I understand that
submission of false information with the intention to deceive the Commissioner
or his Administrative officers is a felony.
/s/ Robert L. DePaola
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(Signature of Officer Authorized to Sign Report)
Sworn to and subscribed before me this 23rd day of January , 2004.
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My Commission expires May 15, 2007.
------------
/s/ Joseph A. Giacobino, Notary Public
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(Notary Seal)
Person to whom Supervisory Staff should direct questions concerning this report.
Emmie Chan Assistant Treasurer
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Name Title
(212) 437-5639
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Telephone Number (Extension)
eychan@bankofny.com
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E-mail
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