0001251109-11-000049.txt : 20110825 0001251109-11-000049.hdr.sgml : 20110825 20110825162511 ACCESSION NUMBER: 0001251109-11-000049 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110825 DATE AS OF CHANGE: 20110825 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MOD PAC CORP CENTRAL INDEX KEY: 0001191857 STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD CONTAINERS & BOXES [2650] IRS NUMBER: 160957153 STATE OF INCORPORATION: NY FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-78992 FILM NUMBER: 111056858 BUSINESS ADDRESS: STREET 1: 1801 ELMWOOD AVE. CITY: BUFFALO STATE: NY ZIP: 14207-2496 BUSINESS PHONE: 716-873-0640 MAIL ADDRESS: STREET 1: 1801 ELMWOOD AVENUE CITY: BUFFALO STATE: NY ZIP: 14207 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ATHENA CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0001037798 IRS NUMBER: 232520198 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 MONUMENT ROAD STREET 2: SUITE 201 CITY: BALA CYNWYD STATE: PA ZIP: 19004 BUSINESS PHONE: (484) 434-2258 MAIL ADDRESS: STREET 1: 50 MONUMENT ROAD STREET 2: SUITE 201 CITY: BALA CYNWYD STATE: PA ZIP: 19004 SC 13G 1 modpaccorp13g.htm sc13g

 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. )*

MOD-PAC CORP.
(Name of Issuer)
Common Stock, $0.01 Par Value
(Title of Class of Securities)
607495108
(CUSIP Number)
August 18, 2011
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     [  ]  Rule 13d-1(b)

     [X]   Rule 13d-1(c)

     [  ]   Rule 13d-1(d)

* 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).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 
 

 
                     
CUSIP No.
  
607495108 

           
1   NAMES OF REPORTING PERSONS:
   
  Athena Capital Management, Inc.
Minerva Group, LP
David P. Cohen
 
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
  (a)    [   ]
  (b)    [   ]
   
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Athena Capital Management, Inc. - Delaware
Minerva Group, LP - Delaware
David P. Cohen - U.S. Citizen
   
       
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON
WITH:
 5   SOLE VOTING POWER:
   
   Minerva Group, LP - 79,872
   
     
6   SHARED VOTING POWER:
   
  Athena Capital Management, Inc. - 67,178
   
     
7   SOLE DISPOSITIVE POWER:
   
  Minerva Group, LP - 79,872
   
     
8   SHARED DISPOSITIVE POWER:
   
  Athena Capital Management, Inc. - 67,178
   
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  Athena Capital Management, Inc. - 67,178
Minerva Group, LP - 79,872
David P. Cohen - 147,050 (includes shares beneficially owned by Athena Capital Management, Inc. and Minerva Group, LP)
   
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
   [   ]
   
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  5.4%
   
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  Athena Capital Management, Inc. - IA
Minerva Group, LP - PN
David P. Cohen - IN

SCHEDULE 13G
     
Item 1(a)
Name of Issuer.
 
    
 
Mod-Pac Corp.
 
    
Item 1(b)
Address of Issuer’s Principal Executive Offices.
 
    
 
1801 Elmwood Avenue
Buffalo, NY 14207
 
    
Item 2(a)
Name of Person Filing.
 
    
 
Athena Capital Management, Inc.
Minerva Group, LP
David P. Cohen
 
    
Item 2(b)
Address of Principal Business Office or, if none, Residence.
 
    
 
50 Monument Road, Suite 201
Bala Cynwyd, PA 19004
 
    
Item 2(c)
Citizenship.
 
    
 
David P. Cohen is a U.S. Citizen.
The reporting entities are organized under Delaware law.
 
 
    
Item 2(d)
Title of Class of Securities.
 
    
 
Common Stock, $0.01 Par Value
 
    
Item 2(e)
CUSIP Number.
 
    
 
607495108
     
Item 3   This statement is not filed pursuant to Rules 13d-1(b), 13d-2(b) or 13d-2(c).
 
    
 
  
Item 4   Ownership.
 
      
 
  (a) Amount beneficially owned:
Athena Capital Management, Inc. - 67,178
Minerva Group, LP - 79,872
David P. Cohen - 147,050 (includes shares beneficially owned by Athena Capital Management, Inc. and Minerva Group, LP)
 
 
  (b) Percent of Class: 5.4%
 
 
  (c) Number of Shares as to which the person has:
(i) Sole power to vote or to direct the vote: Minerva Group, LP - 79,872
(ii) Shared power to vote or to direct the vote: Athena Capital Management, Inc. - 67,178
(iii) Sole power to dispose or to direct the disposition of: Minerva Group, LP - 79,872
(iv) Shared power to dispose or to direct the disposition of: Athena Capital Management, Inc. - 67,178
 
Item 5   Ownership of Five Percent or Less of a Class.
 
    Not applicable.
 
Item 6   Ownership of More Than Five Percent on Behalf of Another Person.
 
    Not applicable.
 
Item 7   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported On By the Parent Holding Company or Control Person.
 
    Not applicable.
 
Item 8   Identification and Classification of Members of the Group.
 
    Not applicable.
 
Item 9   Notice of Dissolution of Group.
 
    Not applicable.
 
Item 10   Certification.
 
    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 
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.
     
             
    ATHENA CAPITAL MANAGEMENT, INC.
    Date: August 25, 2011
 
            
    By:   David P. Cohen, President
 
            
        By:   /s/ Stephen J. Nelson
 
           
            Name: Stephen J. Nelson
            Title: Attorney-In-Fact
            The Nelson Law Firm, LLC
            White Plains Plaza
            One North Broadway, Suite 712
            White Plains, NY 10601
             
    MINERVA GROUP, LP
    Date: August 25, 2011
 
            
    By:   MINERVA GP, INC., its General Partner
 
            
 
    By:   David P. Cohen, President
             
        By:   /s/ Stephen J. Nelson
 
           
            Name: Stephen J. Nelson
            Title: Attorney-In-Fact
            The Nelson Law Firm, LLC
            White Plains Plaza
            One North Broadway, Suite 712
            White Plains, NY 10601
         
    DAVID P. COHEN
    Date: August 25, 2011
 
            
    By:   David P. Cohen
 
            
 
      By:   /s/ Stephen J. Nelson
 
           
            Name: Stephen J. Nelson
            Title: Attorney-In-Fact
            The Nelson Law Firm, LLC
            White Plains Plaza
            One North Broadway, Suite 712  
            White Plains, NY 10601

 

POWER OF ATTORNEY
The undersigned does hereby constitute and appoint Stephen J. Nelson, Mary Anne Mayo, Scott M. Dubowsky, Sean W. McDowell, and Beth N. Lowson each of The Nelson Law Firm, LLC, One North Broadway, Suite 712, White Plains, NY 10601, signing singly, with full power of substitution, as the true and lawful attorney of the undersigned, and authorizes and designates each of them to sign on behalf of the undersigned, and to file filings and any amendments thereto made by or on behalf of the undersigned in respect of the beneficial ownership of equity securities held by the undersigned, directly, indirectly or beneficially, pursuant to Sections 13(d), 13(g) and 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules and regulations thereunder. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigned's responsibilities to comply with Sections 13(d), 13(g) or 16 of the Exchange Act.
This Power of Attorney shall remain in full force and effect until withdrawn by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 25th day of January, 2011.
     
 
By: /s/ David P. Cohen
 
   
    David P. Cohen