-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MqoICjOplsbM63oTZAl4vmSomsPvx9cTdKJnhzhHzJlZ2s6lBUX791zhthlz9prF 7JonPTWBqhNiW+Kcm73tHg== 0000902664-96-000079.txt : 19960613 0000902664-96-000079.hdr.sgml : 19960613 ACCESSION NUMBER: 0000902664-96-000079 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960612 SROS: NYSE GROUP MEMBERS: BAKER NYE ADVISERS INC GROUP MEMBERS: BAKER NYE ADVISERS, INC. GROUP MEMBERS: JEFFREY N. GREENBLATT GROUP MEMBERS: MONARCH CAPITAL, L.P. GROUP MEMBERS: MONARCH GP, L.L.C. GROUP MEMBERS: MONARCH MANAGEMENT GROUP, LTD. GROUP MEMBERS: RICHARD B. NYE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WAXMAN INDUSTRIES INC CENTRAL INDEX KEY: 0000105096 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-HARDWARE & PLUMBING & HEATING EQUIPMENT & SUPPLIES [5070] IRS NUMBER: 340899894 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-10603 FILM NUMBER: 96580136 BUSINESS ADDRESS: STREET 1: 24460 AURORA RD CITY: BEDFORD HEIGHTS STATE: OH ZIP: 44146 BUSINESS PHONE: 2164391830 MAIL ADDRESS: STREET 1: 24460 AURORA ROAD CITY: BEDFORD HEIGHTS STATE: OH ZIP: 44146 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BAKER NYE ADVISERS INC CENTRAL INDEX KEY: 0001012500 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 767 FIFTH AVENUE STREET 2: STE 2800 CITY: NEW YORK STATE: NY ZIP: 10153 BUSINESS PHONE: 2128263030 MAIL ADDRESS: STREET 1: C/O SCHULTE ROTH & ZABEL STREET 2: 900 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934* (Amendment No. 1 ) WAXMAN INDUSTRIES, INC. - - ---------------------------------------------------------------------------- (Name of Issuer) Class A Common Stock - - ---------------------------------------------------------------------------- (Title of Class of Securities) 944124106 - - ---------------------------------------------------------------------------- (CUSIP Number) Jeffrey N. Greenblatt President Monarch Management Group, Ltd. 767 Fifth Avenue New York, New York 10153 (212) 826-3030 - - ---------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 11, 1996 - - ---------------------------------------------------------------------------- (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 Rule 13d-1(b)(3) or (4), check the following box. [ ] Check the following box if a fee is being paid with this statement [ ]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of less than five percent of such class. See Rule 13d-7.) Page 1 of 13 Pages _____________________________________________________________________________ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Monarch Management Group, Ltd. _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [x] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) SOURCE OF FUNDS OO _____________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] _____________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware _____________________________________________________________________________ NUMBER OF (7) SOLE VOTING POWER 0 SHARES ______________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER 1,041,773 OWNED BY ______________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER 0 REPORTING ______________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER 1,041,773 _____________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,041,773 _____________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] _____________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.85% _____________________________________________________________________________ (14) TYPE OF REPORTING PERSON ** IA _____________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 13 Pages _____________________________________________________________________________ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Monarch Capital,L.P. _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [x] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) SOURCE OF FUNDS WC _____________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] _____________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware _____________________________________________________________________________ NUMBER OF (7) SOLE VOTING POWER 0 SHARES ______________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER 548,512 OWNED BY ______________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER 0 REPORTING ______________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER 548,512 _____________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 548,512 _____________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] _____________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.72% _____________________________________________________________________________ (14) TYPE OF REPORTING PERSON ** PN _____________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 13 Pages _____________________________________________________________________________ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Monarch GP, L.L.C. _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [x] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) SOURCE OF FUNDS WC _____________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] _____________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware _____________________________________________________________________________ NUMBER OF (7) SOLE VOTING POWER 0 SHARES ______________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER 548,512 OWNED BY ______________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER 0 REPORTING ______________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER 548,512 _____________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 548,512 _____________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] _____________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.72% _____________________________________________________________________________ (14) TYPE OF REPORTING PERSON ** OO _____________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 4 of 13 Pages _____________________________________________________________________________ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Baker Nye Advisers, Inc. _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [x] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) SOURCE OF FUNDS OO _____________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] _____________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION New York _____________________________________________________________________________ NUMBER OF (7) SOLE VOTING POWER 0 SHARES ______________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER 49,727 OWNED BY ______________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER 0 REPORTING ______________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER 49,727 _____________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 49,727 _____________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] _____________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.52% _____________________________________________________________________________ (14) TYPE OF REPORTING PERSON ** CO _____________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 5 of 13 Pages _____________________________________________________________________________ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jeffrey N. Greenblatt _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [x] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) SOURCE OF FUNDS OO _____________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] _____________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION United States _____________________________________________________________________________ NUMBER OF (7) SOLE VOTING POWER 0 SHARES ______________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER 1,041,773 OWNED BY ______________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER 0 REPORTING ______________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER 1,041,773 _____________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,041,773 _____________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] _____________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.85% _____________________________________________________________________________ (14) TYPE OF REPORTING PERSON ** IN _____________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT Page 6 of 13 Pages _____________________________________________________________________________ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Richard B. Nye _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [x] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) SOURCE OF FUNDS OO _____________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] _____________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION United States _____________________________________________________________________________ NUMBER OF (7) SOLE VOTING POWER 0 SHARES ______________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER 49,727 OWNED BY ______________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER 0 REPORTING ______________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER 49,727 _____________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 49,727 _____________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] _____________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.52% _____________________________________________________________________________ (14) TYPE OF REPORTING PERSON ** IN _____________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT Page 7 of 13 Pages This Amendment No. 1 to the Schedule 13D originally filed on April 22, 1996, relates to shares of Class A Common Stock (the "Shares"), and Shares underlying warrants (the "Warrants") for the purchase of Shares, of Waxman Industries, Inc. (the "Company"). Reference herein to "Shares" refer to shares held directly and shares underlying the Warrants. ITEM 1. SECURITY AND ISSUER. No change. ITEM 2. IDENTITY AND BACKGROUND. No change. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The first paragraph of Item 3 is hereby amended and restated as follows: The net investment cost (including commissions, if any, and excluding the cost of the Warrants) is (i) $4,093,984 for 1,003,573 Shares beneficially owned by Monarch, (ii) $2,139,109 for 527,012 Shares beneficially owned by LP and GP, as its General Partner, and (iii) $193,921 for 47,927 Shares beneficially owned by BNA. The aggregate net investment cost of all of the Shares beneficially owned by the Group is $4,287,905. ITEM 4. PURPOSE OF TRANSATION. No change. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 is hereby amended and restated in its entirety as follows: (a) The approximate aggregate percentage of Shares reported beneficially owned by each person herein is based on 9,559,586 Shares outstanding as of May 8, 1996, as reflected in the Form 10Q of the Company for the period ending March 31, 1995. For purposes of calculating the percentages herein, the number of Shares underlying the Warrants beneficially owned by the applicable member of the Group have been added to the number of Shares outstanding as though such Warrants had been exercised. As of the date hereof: (i) Monarch owns directly no Shares. By reason of the provisions of Rule 13d-3 of the Act, Monarch may be deemed to own beneficially 1,041,773 Shares, including the 362,733 Shares owned directly by Monarch Capital, Ltd. (constituting approximately 10.85% and 3.78% of the Shares outstanding, respectively). (ii) LP owns directly 548,512 Shares, constituting approximately 5.72% of the Shares outstanding. (iii) GP owns directly no Shares. By reason of the provisions of Rule 13d-3 of the Act, GP may be deemed to own beneficially 548,512 Shares, constituting approximately 5.72% of the shares outstanding. (iv) BNA owns directly no Shares. By reason of the provisions of Rule 13d-3 of the Act, BNA may be deemed to own beneficially 49,727 Shares (constituting approximately 0.52% of the Shares outstanding). Page 8 of 13 Pages (v) Mr. Greenblatt and Mr. Nye own directly no Shares. Mr. Greenblatt, by reason of Rule 13d-3 of the Act, may be deemed to own beneficially the Shares owned by each of the entities in (i) through (iii) above (1,041,773 Shares, representing approximately 10.85% of the shares outstanding). Mr. Nye, by reason of Rule 13d-3 of the Act, may be deemed to beneficially own the Shares owned by BNA (49,727 Shares, representing approximately 0.52% of the shares outstanding). (vi) The aggregate number of Shares beneficially owned by all of the Reporting Persons is 1,091,500, representing approximately 11.37% of the shares outstanding. (b) Each of LP. and Monarch Capital, Ltd. has the power to vote and dispose of the Shares owned by it, which power may be exercised by the general partner or investment manager of each such Partnership. BNA and Mr. Nye share voting and investment power as to Shares held in discretionary accounts managed by BNA. Mr. Greenblatt and Monarch share voting and investment power as to Shares held in discretionary accounts managed by Monarch, including Monarch Capital, Ltd. Mr. Greenblatt, LP and GP share voting and investment power as to Shares owned by LP. (c) The trading dates, number of shares of Common Stock purchased or sold and price per share for all transactions in the Shares from April 19, 1996 until June 11, 1996 by (i) Monarch on behalf of discretionary accounts other than LP, (ii) LP and (iii) BNA on behalf of discretionary accounts are set forth on Schedules A, B and C, respectively. All such transactions were effected through the New York Stock Exchange. During such period, none of the individuals named herein entered into any transactions in the Shares. (d) No person other than each respective record owner referred to herein of Shares is known to have the right to receive or the power to direct the receipt of dividends from or the proceeds of sale of such Shares. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUERS. No change. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. No change. Page 9 of 13 Pages After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. June 12, 1996 /s/ JEFFREY N. GREENBLATT Jeffrey N. Greenblatt, as President of Monarch Management Group, Ltd. /s/ JEFFREY N. GREENBLATT Jeffrey N. Greenblatt, as Managing Member of Monarch GP, L.L.C., as General Partner of Monarch Capital, L.P. /s/ JEFFREY N. GREENBLATT Jeffrey N. Greenblatt, as Managing Member of Monarch GP, L.L.C. /s/ Joseph M. Kiely Joseph M. Kiely as attorney-in-fact for Richard B. Nye, as President of Baker Nye Advisers, Inc. /s/ JEFFREY N. GREENBLATT Jeffrey N. Greenblatt /s/ Joseph M. Kiely Joseph M. Kiely as attorney-in-fact for Richard B. Nye Page 10 of 13 Pages Schedule A MONARCH MANAGEMENT GROUP, LTD. Trade Date Unit Cost Cost Shares 5/6/95 4.65 19,974 4,300 5/7/96 4.66 3,9l7 840 5/7/96 4.64 38,460 8,280 5/7/96 4.65 2,095 45l 5/20/96 4.63 9,330 2,016 5/20/96 4.62 59,689 12,918 5/20/96 4.52 4,440 961 5/20/96 4.63 7,085 1,530 5/31/96 4.65 l0,219 2,200 6/5/96 4.65 46,450 10,000 6/6/96 4.65 23,225 5,000 6/10/96 4.69 l,743 372 6/l0/96 4.65 79,067 l7,022 6/l0/96 4.65 497 l07 6/ll/96 4.64 l4,634 3,l56 6/ll/96 4.64 l03,465 22,313 6/11/96 4.64 8,643 l,684 6/11/96 4.64 6,956 l,500 Page 11 of 13 Pages Schedule B MONARCH CAPITAL LP Trade Date Unit Cost Cost Shares 5/7/96 4.65 23,457 5,050 5/20/96 4.62 95,628 20,696 6/l0/96 4.65 l8,8l2 4,050 6/ll/96 4.64 l50,327 32,4l9 Page 12 of 13 Pages Schedule C BAKER NYE ADVISERS, INC. Trade Date Unit Cost Cost Shares 5/7/96 4.65 l,760 379 5/20/96 4.62 8,682 l,879 6/l0/96 4,65 2,086 449 6/ll/96 4.64 l3,670 2,948 Page 13 of 13 Pages -----END PRIVACY-ENHANCED MESSAGE-----