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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. 1 )
Kennametal Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
489170100
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ].
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*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 in 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. 489170100 13G Page 2 of 9 Pages
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1. NAME OF REPORTING PERSON(S)
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON(S)
Morgan Stanley Dean Witter & Co.
IRS # 39-314-5972
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
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NUMBER OF 5. SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH 1,794,227
REPORTING --------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH
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8. SHARED DISPOSITIVE POWER
2,038,777
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,038,777
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.82%
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12. TYPE OF REPORTING PERSON*
IA, CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 489170100 13G Page 3 of 9 Pages
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1. NAME OF REPORTING PERSON(S)
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON(S)
Miller Anderson & Sherrerd, LLP
IRS # 23-1744122
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH 1,174,616
REPORTING --------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH 0
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8. SHARED DISPOSITIVE POWER
1,386,166
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,386,166
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.64%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IA, CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 489170100 13G Page 4 of 9 Pages
Item 1. (a) Name of Issuer:
Kennametal Inc.
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(b) Address of Issuer's Principal Executive Offices:
1600 Technology Way
P O Box 231
Latrobe, PA 15650
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Item 2. (a) Name of Person Filing:
(a) Morgan Stanley Dean Witter & Co.
(b) Miller Anderson & Sherrerd, LLP
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(b) Address of Principal Business Office, or if None, Residence:
(a) 1585 Broadway
New York, New York 10036
(b) 1 Tower Bridge Suite 1100
West Conshohocken, PA 19428
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(c) Citizenship:
Incorporated by reference to Item 4 of the
cover page pertaining to each reporting person.
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(d) Title of Class of Securities:
Common Stock
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(e) CUSIP Number:
489170100
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Item 3. (a) Morgan Stanley Dean Witter & Co. is (e) an Investment Adviser
registered under Section 203 of the Investment Advisers Act
of 1940.
(b) Miller Anderson & Sherrerd, LLP is (e) an Investment Adviser
registered under Section 203 of the Investment Advisers Act of
1940.
CUSIP No. 489170100 13-G Page 5 of 9 Pages
Item 4. Ownership.
Incorporated by reference to Items (5) - (9) and (11) of the
cover page.
Item 5. Ownership of Five Percent or Less of a Class.
a) Inapplicable
b) As of the date hereof, Miller Anderson & Sherrerd, LLP has
ceased to be the beneficial owner of more than five percent
of the class of securities.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
a) Accounts managed on a discretionary basis by Morgan Stanley
Dean Witter & Co. are known to have the right to receive or
the power to direct the receipt of dividends from, or the
proceeds from, the sale of such securities. No such account
holds more than 5 percent of the class.
b) Inapplicable
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on By the Parent Holding Company.
Item 8. Identification and Classification of Members of the Group.
Item 9. Notice of Dissolution of Group.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having
such purpose or effect.
CUSIP No. 489170100 13-G Page 6 of 9 Pages
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.
Date: February 5, 1999
Signature: /s/ Bruce Bromberg
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Name/Title Bruce Bromberg / Vice President Morgan Stanley & Co. Incorporated
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MORGAN STANLEY DEAN WITTER & CO.
Date: February 5, 1999
Signature: /s/ Paul A. Frick
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Name/Title Paul A. Frick / Vice President Miller Anderson & Sherrerd, LLP
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MILLER ANDERSON & SHERRERD, LLP
INDEX TO EXHIBITS PAGE
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EXHIBIT 1 Agreement to Make a Joint Filing 7
EXHIBIT 2 Secretary's Certificate Authorizing Bruce Bromberg 8
to Sign on behalf of Morgan Stanley Dean Witter & Co.
EXHIBIT 3 Secretary's Certificate Authorizing Paul A. Frick 9
to Sign on behalf of Miller Anderson & Sherrerd, LLP
* Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
(022597DTI)
CUSIP No. 489170100 13-G Page 7 of 9 Pages EXHIBIT 1 TO SCHEDULE 13G --------------------------------------------------- FEBRUARY 5, 1999 --------------------------------------------------- MORGAN STANLEY DEAN WITTER & CO. and MILLER ANDERSON & SHERRERD, LLP hereby agree that, unless differentiated, this Schedule 13G is filed on behalf of each of the parties. MORGAN STANLEY DEAN WITTER & CO. BY: /s/ Bruce Bromberg -------------------------------------------------------------------- Bruce Bromberg / Vice President Morgan Stanley & Co. Incorporated MILLER ANDERSON & SHERRERD, LLP BY: /s/ Paul A. Frick -------------------------------------------------------------------- Paul A. Frick / Vice President Miller Anderson & Sherrerd, LLP * Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).
Page 8 of 9 Pages EXHIBIT 2 ------------------- MORGAN STANLEY, DEAN WITTER, DISCOVER & CO. SECRETARY'S CERTIFICATE I, Charlene R. Herzer, a duly elected and acting Assistant Secretary of Morgan Stanley, Dean Witter, Discover & Co., a corporation organized and existing under the laws of the State of Delaware (the "Corporation"), certify that as approved by a Unanimous Consent of Directors in Lieu of a Meeting dated as of May 31, 1997, the following persons are each authorized to sign reports to be filed under Sections 13 and 16 of the Securities Exchange Act of 1934 on behalf of the Corporation, and such authorizations are in full force and effect as of this date: Stuart J.M. Breslow Robert G. Koppenol Bruce Bromberg Robin Sherak IN WITNESS WHEREOF, I have hereunto set my name and affixed the seal of the Corporation as of the 3rd day of June, 1997. /s/ Charlene R. Herzer ------------------------ Charlene R. Herzer Assistant Secretaty
Page 9 of 9 Pages -------------------- SECRETARY'S CERTIFICATE I, Charlene R. Herzer, a duly elected and acting Assistant Secretary of Morgan Stanley Asset Management Holdings Inc., a corporation organized and existing under the laws of the State of Delaware (the "Corporation"), certify that the following resolutions were duly and validly adopted by a Consent in Lieu of a Meeting of the Board of Directors of the Corporation dated as of August 19, 1997 and that resolutions are in full force and effect on the date hereof: RESOLVED, that the resolutions adopted by the Board of Directors of the Corporation as of June 3, 1996 relating to the authorized signatories of Miller Anderson & Sherrerd, LLP ("Miller Anderson") are superseded by the following resolutions; and RESOLVED FURTHER, that the Corporation, as sole general partner of Miller Anderson, authorizes the following individuals to enter into and execute all agreements and other documents on behalf of Miller Anderson: Arden C. Armstrong Glenn E. Becker Thomas L. Bennett John D. Connolly Kenneth B. Dunn Stephen E. Esser Paul A. Frick J. David Germany Robert L. Hagin Ellen D. Harvey Nicholas J. Kovich Steven K. Kreider Robert Marcin Mary Ann Milias Scott F. Richard James D. Schmid Gary Schlarbaum Lorraine Truten Horacio Valerias Marna C. Whittington Richard B. Worley RESOLVED FURTHER, that any and all actions taken and all agreements and other documents executed on behalf of Miller Anderson prior to the date hereof by any of the persons listed about are ratified and approved. RESOLVED FURTHER, that any and all actions to be taken, caused to be taken or heretofore taken by any officer of the Corporation in executing any and all documents, agreements, and instruments and in taking any and all steps (including the payment of all expenses) deemed by such officer as necessary or desireable to carry out the intents and purposes of the foregoing resolutions are authorized, ratified, and confirmed. IN WITNESS WHEREOF, I have hereunto set my name and affixed the seal of the Corporation as of the 20th day of August, 1997. /s/ CHARLENE R. HERZER ---------------------- CHARLENE R. HERZER ASSISTANT SECRETARY