SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14D-9 (AMENDMENT NO. 3) SOLICITATION/RECOMMENDATION STATEMENT PURSUANT TO SECTION 14(d)(4) OF THE SECURITIES EXCHANGE ACT OF 1934 Dynamics Corporation of America (Name of Subject Company) Dynamics Corporation of America (Name of Person(s) Filing Statement) Common Stock, par value $0.10 per share (Including the associated Series A Cumulative Participating Preferred Stock Purchase Rights) (Title of Class of Securities) 268039 10 4 (CUSIP Number of Class of Securities) Henry V. Kensing Vice President, General Counsel and Secretary 475 Steamboat Road Greenwich, Connecticut 06830-7197 (203) 869-3211 (Name, address and telephone number of person authorized to receive notices and communications on behalf of the person(s) filing statement). With a Copy to: Alan C. Myers Skadden, Arps, Slate, Meagher & Flom LLP 919 Third Avenue New York, New York 10022 (212) 735-3000 This Amendment No. 3 amends and supplements the Solicitation/Recommendation Statement on Schedule 14D-9, as amended (the "Schedule 14D-9"), of Dynamics Corporation of America (the "Company"), filed in connection with the tender offer by SB Acquisition Corp., a wholly owned subsidiary of WHX Corporation, for shares of common stock (including the associated Series A Cumulative Participating Preferred Stock Purchase Rights) of the Company. Capitalized terms used herein shall have the definitions set forth in the Schedule 14D-9. ITEM 9. MATERIAL TO BE FILED AS EXHIBITS. Item 9 is hereby amended by adding the following at the end thereof: Exhibit No. ------- Exhibit 15 Press Release issued by Dynamics Corporation of America, dated May 12, 1997 (incorporated by reference to Exhibit 1 to Amendment No. 46 to the Schedule 13D of Dynamics Corporation of America, filed May 12, 1997, with respect to its investment in CTS Corporation). 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: May 12, 1997 DYNAMICS CORPORATION OF AMERICA By: /s/ Henry V. Kensing Henry V. Kensing Vice President, General Counsel and Secretary EXHIBIT INDEX Exhibit No. Description Exhibit 15 Press Release issued by Dynamics Corporation of America, dated May 12, 1997 (incorporated by reference to Exhibit 1 to Amendment No. 46 to the Schedule 13D of Dynamics Corporation of America, filed May 12, 1997, with respect to its investment in CTS Corporation)