-----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, SAwmveLHEZU9NE6+HStup7S4XY6R9a64JAOczT/jDwFy5h1iLmG3QM1KYD9RotcZ GLg9HW8y8NqhnAALiCt4pQ== 0001140361-03-001294.txt : 20030502 0001140361-03-001294.hdr.sgml : 20030502 20030502145241 ACCESSION NUMBER: 0001140361-03-001294 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030502 GROUP MEMBERS: DONALD W. BURTON GROUP MEMBERS: THE BURTON PARTNERSHIP (QP) LIMITED PARTNERSHIP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ABLEST INC CENTRAL INDEX KEY: 0000046653 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] IRS NUMBER: 160803301 STATE OF INCORPORATION: DE FISCAL YEAR END: 1227 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-11595 FILM NUMBER: 03679387 BUSINESS ADDRESS: STREET 1: 1901 ULMERTON ROAD STREET 2: SUITE 300 CITY: CLEARWATER STATE: FL ZIP: 33762 BUSINESS PHONE: 7237461565 MAIL ADDRESS: STREET 1: 45 ANDERSON ROAD CITY: BUFFALO STATE: NY ZIP: 14225 FORMER COMPANY: FORMER CONFORMED NAME: HEIST C H CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BURTON PARTNERSHIP L P CENTRAL INDEX KEY: 0001019273 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: P O BOX 4643 CITY: JACKSON STATE: WY ZIP: 83001 BUSINESS PHONE: 3077392370 MAIL ADDRESS: STREET 1: P O BOX 4643 CITY: JACKSON STATE: WY ZIP: 83001 SC 13D/A 1 doc1.htm Schedule 13D
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

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



Ablest Inc.
(Name of Issuer)
Common Stock, par value $.05 per share
(Title of Class of Securities)
00371W100
(CUSIP Number)
Mia Jensen
c/o The Burton Partnership, Limited Partnership
Post Office Box 4643
Jackson, WY 83001
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

April 28, 2003
(Date of Event which Requires Filling of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 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 § 240.13d-7 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).


 


SCHEDULE 13D
CUSIP No. 00371W100
  1. Names of Reporting Persons.
The Burton Partnership, Limited Partnership
I.R.S. Identification No.
  2. Check the Appropriate Box if a Member of a Group*
(a.)  (  )       (b.)  (  )
  3. SEC USE ONLY
  4. Source of Funds*
OO
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to items 2(d) or 2(e)  (  )
  6. Citizenship or Place of Organization
Delaware Limited Partnership
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With 		7. Sole Voting Power
467,700
8. Shared Voting Power
-0-
9. Sole Dispositive Power
467,700
10. Shared Dispositive Power
-0-
  11. Aggregate Amount Beneficially Owned by Each Reporting Person
467,700
  12. Check if the Aggregate Amount Represented by Amount in Row (11) Excludes Certain Shares
(See Instructions)   (  )
  13. Percent of Class Represented by Amount in Row (11)
14.2%
  14. Type of Reporting Person
PN


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SCHEDULE 13D
CUSIP No. 00371W100
  1. Names of Reporting Persons.
The Burton Partnership (QP), Limited Partnership
I.R.S. Identification No.
  2. Check the Appropriate Box if a Member of a Group*
(a.)  (  )       (b.)  (  )
  3. SEC USE ONLY
  4. Source of Funds*
OO
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to items 2(d) or 2(e)  (  )
  6. Citizenship or Place of Organization
Delaware Limited Partnership
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With 		7. Sole Voting Power
467,700
8. Shared Voting Power
-0-
9. Sole Dispositive Power
467,700
10. Shared Dispositive Power
-0-
  11. Aggregate Amount Beneficially Owned by Each Reporting Person
467,700
  12. Check if the Aggregate Amount Represented by Amount in Row (11) Excludes Certain Shares
(See Instructions)   (  )
  13. Percent of Class Represented by Amount in Row (11)
14.2%
  14. Type of Reporting Person
PN


3


SCHEDULE 13D
CUSIP No. 00371W100
  1. Names of Reporting Persons.
Donald W. Burton
I.R.S. Identification No.
  2. Check the Appropriate Box if a Member of a Group*
(a.)  (  )       (b.)  (  )
  3. SEC USE ONLY
  4. Source of Funds*
OO
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to items 2(d) or 2(e)  (  )
  6. Citizenship or Place of Organization
United States
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With 		7. Sole Voting Power
467,700
8. Shared Voting Power
-0-
9. Sole Dispositive Power
467,700
10. Shared Dispositive Power
-0-
  11. Aggregate Amount Beneficially Owned by Each Reporting Person
467,700
  12. Check if the Aggregate Amount Represented by Amount in Row (11) Excludes Certain Shares
(See Instructions)   (  )
  13. Percent of Class Represented by Amount in Row (11)
14.2%
  14. Type of Reporting Person
IN


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Item 1. Security and Issuer

                   This statement relates to shares of Common Stock, Par Value $.05 Per Share (the "Shares"), of Ablest Inc. (the "Company"), having its principal executive offices at 1901 Ulmerton Road #300, Clearwater, Florida 33762.


Item 2. Identity and Background.


(a)

Name:           This statement is being filed by The Burton Partnership, Limited Partnership and The Burton Partnership (QP), Limited Partnership having its principal offices at P.O. Box 4643, Jackson, Wyoming 83001; and the general partner of The Burton Partnership, Limited Partnership and The Burton Partnership (QP), Limited Partnership, Donald W. Burton. The principal business of The Burton Partnership, Limited Partnership and The Burton Partnership (QP), Limited Partnership is investment in public and private stocks. The general partner's principal occupation is an investor.


(b)

Residence or business address:           The business address of the general partner is c/o The Burton Partnership, Limited Partnership and The Burton Partnership (QP), Limited Partnership.


(c)

Present Principal Occupation or Employment:           In addition to The Burton Partnership, Limited Partnership and The Burton Partnership (QP), Limited Partnership, the general partner is employed by South Atlantic Capital Corporation located at 614 W. Bay Street, Tampa, FL 33606.


(d)

Criminal Conviction:           None.


(e)

Court or Administrative Proceedings:           None.


(f)

 Citizenship:           The general partner is a United States citizen.


Item 3. Source and Amount of Funds or Other Consideration:

                   The Burton Partnership, Limited Partnership and The Burton Partnership (QP), Limited Partnership acquired a total of 467,700 shares of Ablest, Inc. through open market transactions during a period beginning May 6, 1996 and ending April 28, 2003 at prices ranging from $3.45 to 7.125 per share, for an aggregate purchase price of $2,734657.
         
          No part of the purchase price paid by The Burton Partnership, Limited Partnership or The Burton Partnership (QP), Limited Partnership for shares was represented by funds or other considerations borrowed or otherwise obtained for the purpose of acquiring, holding or voting shares of Noland Company


Item 4. Purpose of Transaction

            State the purpose or purposes of the acquisition of securities of the issuer. Describe any plans or proposals which the reporting persons may have which relate to or would result in:

                  The Burton Partnership, Limited Partnership and The Burton Partnership (QP), Limited Partnership have purchased the Shares for investment purposes only. Depending on market conditions, its continuing evaluation of the business and prospects of Noland Company and other factors, The Burton Partnership, Limited Partnership and The Burton Partnership (QP), Limited Partnership may buy or sell additional shares in the open market. Neither The Burton Partnership, Limited Partnership or The Burton Partnership (QP), Limited Partnership, nor the general partner has any present plans which relate to or would result in:


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(a)

The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer;

         

(b)

An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries;

         

(c)

A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries;

         

(d)

Any change in the present board of directors or management of the issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;

         

(e)

Any material change in the present capitalization or dividend policy of the issuer;

         

(f)

Any other material change in the issuer's business or corporate structure including but not limited to, if the issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by section 13 of the Investment Company Act of 1940;

         

(g)

Changes in the issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person;

         

(h)

Causing a class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;

         

(i)

A class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or

         

(j)

Any action similar to any of those enumerated above.

         


Item 5. Interest in Securities of the Issuer.


(a)

         By virtue of his status as general partner of The Burton Partnership, Limited Partnership and The Burton Partnership (QP), Limited Partnership, Donald W. Burton may thus be deemed to be beneficial owner of the 467,700 shares which The Burton Partnership, Limited Partnership and The Burton Partnership (QP), Limited Partnership own of record, representing 14.2% of the Company. Donald W. Burton may thus be deemed to share with The Burton Partnership, Limited Partnership and The Burton Partnership (QP), Limited Partnership the power to direct the voting and disposition of the shares which The Burton Partnership, Limited Partnership and The Burton Partnership (QP), Limited Partnership own of record.


(b)

         The aggregate 467,700 shares purchased by The Burton Partnership, Limited Partnership and The Burton Partnership (QP), Limited Partnership were obtained in the open market transactiosn executed by UBS PaineWebber Inc. between the dates 05/06/96 and 04/28/03. The foregoing percentage was calculated based on 3,293,395 shares outstanding as of March 31, 2003.


(c)

         Not applicable.


 

Transaction
Date

Shares or Units
Purchased (Sold)

Price per
Share or Unit

 

 

03/11/03
04/10/03
04/14/03
04/22/03
04/28/03

4500 
2000 
100 
500 
22100 
 

  

4.70
4.70
4.70
4.70
4.60

  

 

 

 

 

         Open Market Purchases


(d)

         Not applicable.


(e)

         Not applicable.


Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

                   None.



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Item 7. Material to be Filed as Exhibits.

                   None.


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:  May 02, 2003
  The Burton Partnership, Limited Partnership
  By: /s/ Donald W Burton
      Donald W Burton
  Title:    General Partner 
  The Burton Partnership (QP), Limited Partnership
  By: /s/ Donald W. Burton
      Donald W. Burton
  Title:    General Partner 
  Donald W. Burton
  By: /s/ Donald W. Burton
      Donald W. Burton
 


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