-----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, LpQVG3BI2i0zO9dVZCAnMY6MbvGIeoJuSJ+7Hx2OLGwcMHzEpTLBTigk5/wWEjLB 9AVCHRUc6Z/boj3NPdlcOw== 0000905718-00-000167.txt : 20000428 0000905718-00-000167.hdr.sgml : 20000428 ACCESSION NUMBER: 0000905718-00-000167 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000427 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NEW ENGLAND BUSINESS SERVICE INC CENTRAL INDEX KEY: 0000205700 STANDARD INDUSTRIAL CLASSIFICATION: MANIFOLD BUSINESS FORMS [2761] IRS NUMBER: 042942374 STATE OF INCORPORATION: DE FISCAL YEAR END: 0627 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-12604 FILM NUMBER: 610405 BUSINESS ADDRESS: STREET 1: 500 MAIN ST CITY: GROTON STATE: MA ZIP: 01471 BUSINESS PHONE: 5084486111 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PALISADE CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0000936441 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 223330049 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1 BRIDGE PLAZA STREET 2: STE 695 CITY: FORT LEE STATE: NJ ZIP: 07024 BUSINESS PHONE: 2015857733 FORMER COMPANY: FORMER CONFORMED NAME: PALISADE CAPITAL MANAGEMENT LLC /ADV DATE OF NAME CHANGE: 19950504 SC 13D/A 1 SC 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 SCHEDULE l3D Under the Securities Exchange Act of 1934 (Amendment No. 3)* NEW ENGLAND BUSINESS SERVICE, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock ($1.00 par value) - -------------------------------------------------------------------------------- (Title of Class of Securities) 643872104 - -------------------------------------------------------------------------------- (CUSIP Number) with a copy to: Ms. Stephney Costello George J. Mazin, Esq. Palisade Capital Management, L.L.C. Lowenstein Sandler PC One Bridge Plaza 65 Livingston Avenue Fort Lee, New Jersey 07024 Roseland, New Jersey 07068 (201) 585-7733 (973) 597-2418 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) March 23, 2000 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule l3G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7(b) for other parties to whom copies are to be sent. *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 disclosures provided in a prior cover page. The information required on 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. 643872104 ________________________________________________________________________________ 1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (entities only): Palisade Capital Management, L.L.C./I.R.S. Identification No. 22-3330049 ________________________________________________________________________________ 2) Check the Appropriate Box if a Member of a Group (See Instructions): (a) Not (b) Applicable ________________________________________________________________________________ 3) SEC Use Only ________________________________________________________________________________ 4) Source of Funds (See Instructions): OO ________________________________________________________________________________ 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): Not Applicable ________________________________________________________________________________ 6) Citizenship or Place of Organization: New Jersey ________________________________________________________________________________ Number of 7) Sole Voting Power: 583,249* ---------------------------------- Shares Beneficially 8) Shared Voting Power: 0 ---------------------------------- Owned by Each Reporting 9) Sole Dispositive Power: 670,949* ---------------------------------- Person With 10) Shared Dispositive Power: 0 ---------------------------------- ________________________________________________________________________________ 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 670,949* ________________________________________________________________________________ 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): Not Applicable ________________________________________________________________________________ 13) Percent of Class Represented by Amount in Row (11): 5.0%* ________________________________________________________________________________ 14) Type of Reporting Person (See Instructions): IA ________________________________________________________________________________ * Palisade Capital Management, L.L.C. ("Palisade") is a registered investment advisor which has discretionary authority over the accounts of its clients. Palisade is the beneficial owner of 670,949 shares or 5.0% of New England Business Service, Inc. (the "Company') common stock, par value $1.00 per share (the "Common Stock"), on behalf of its clients. No one such client account contains more than five percent of the Common Stock. Palisade has sole power to direct the disposition of 670,949 shares of the Common Stock. While Palisade has sole power to vote 583,249 shares of the Common Stock, some of its clients maintain the sole power to vote, in the aggregate, 87,700 shares of the Common Stock held in their respective Palisade accounts. Item 5. Interest in Securities of the Issuer. ------------------------------------ Based upon information set forth in the Company's Quarterly Report on Form 10-Q for the quarterly period ended December 25, 1999, as of February 4, 2000 there were outstanding 13,530,595 shares of the Common Stock. As of March 23, 2000, 670,949 shares (5.0%) of the Common Stock are owned by Palisade on behalf of its clients in accounts over which Palisade has investment discretion. Palisade possesses sole power to direct the disposition of all shares of the Common Stock beneficially owned by it. Palisade also possesses sole power to vote all but 87,700 shares of the Common Stock beneficially owned by it. The power to vote such 87,700 shares is reserved by various clients for whom Palisade maintains investment accounts. The following table details the transactions during the past sixty days, each of which was effected in an ordinary brokerage transaction, in the Common Stock by Palisade or any other person or entity controlled by Palisade or any person or entity for which Palisade possesses voting or investment control over the securities thereof: (Purchases) NONE (Sales) Date Quantity Price ---- -------- ----- February 16, 2000 50,000 $20.00 March 7, 2000 10,000 $18.00 March 8, 2000 1,500 $17.69 March 9, 2000 10,000 $17.50 March 10, 2000 1,300 $17.53 March 14, 2000 1,900 $16.19 March 16, 2000 25,300 $17.38 March 17, 2000 92,900 $17.34 March 20, 2000 6,100 $16.75 March 21, 2000 23,900 $16.39 March 23, 2000 20,000 $16.81 Additionally, on February 18, 2000, a client of Palisade whose account held 3,700 shares of the Common Stock (the "Terminated Shares") terminated its relationship with Palisade so that Palisade no longer possessed any voting and/or dispositive control over the Terminated Shares. Accordingly, for the purposes of Regulation Section 240.13d-3, Palisades is no longer the beneficial owner of the Terminated Shares. No other person is known by Palisade to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock beneficially owned by Palisade. On March 23, 2000, Palisade ceased to be the beneficial owner of more than 5% of the Common Stock outstanding. Signature After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned hereby certifies that the information set forth in this statement is true, complete and correct. April 26, 2000 /s/Steven E. Berman ____________________________________ Steven E. Berman, in his capacity as a member of Palisade Capital Management, L.L.C. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). -----END PRIVACY-ENHANCED MESSAGE-----