-----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, F/ukf3HPGLsnjdwSRq8/G7hr+DEv1bu0y1hBdKFB3/Vza+IiOlz3WJGcMsZWqUZ3 SKU438vjA2RZx1NN16KLWQ== 0000891554-01-000099.txt : 20010213 0000891554-01-000099.hdr.sgml : 20010213 ACCESSION NUMBER: 0000891554-01-000099 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010212 GROUP MEMBERS: ADAM SMITH CAPITAL MANAGEMENT LLC GROUP MEMBERS: ADAM SMITH INVESTMENT PARTNERS, L.P. GROUP MEMBERS: ADAM SMITH INVESTMENTS, LTD GROUP MEMBERS: DIAMOND CAPITAL MANAGEMENT INC. GROUP MEMBERS: GROSSMAN RICHARD /NY/ GROUP MEMBERS: ORIN HIRSCHMAN GROUP MEMBERS: RICHARD AND ANA GROSSMAN JTWROS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MERRIMAC INDUSTRIES INC CENTRAL INDEX KEY: 0000706864 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 221642321 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0102 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-34358 FILM NUMBER: 1532795 BUSINESS ADDRESS: STREET 1: 41 FAIRFIELD PL CITY: W CALDWELL STATE: NJ ZIP: 07006-0986 BUSINESS PHONE: 9735751300 MAIL ADDRESS: STREET 1: 41 FAIRFIELD PLACE CITY: WEST CALDWELL STATE: NJ ZIP: 07007-0986 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GROSSMAN RICHARD /NY/ CENTRAL INDEX KEY: 0001092694 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 101 EAST 52 STREET CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127514900 MAIL ADDRESS: STREET 1: 101 EAST 52 STREET CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G/A 1 d24357_13g-a.txt SCHEDULE 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 MERRIMAC INDUSTRIES, INC. (Name of Issuer) COMMON STOCK, $.50 PAR VALUE (Title of Class of Securities) 590262101 (CUSIP Number) December 5, 2000 (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). - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON RICHARD GROSSMAN - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED BY 227,400 EACH ------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON WITH: 0 ------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 227,400 ------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. 227,400 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9. 8.4% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- -2- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON ORIN HIRSCHMAN - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 182,400 NUMBER OF ------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED BY 187,400 EACH ------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON WITH: 182,400 ------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 187,400 ------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. 369,800 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9. 13.3% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- -3- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON ADAM SMITH CAPITAL MANAGEMENT LLC - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED BY 156,200 EACH ------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON WITH: 0 ------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 156,200 ------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. 156,200 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9. 5.8% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- -4- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON ADAM SMITH INVESTMENT PARTNERS, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED BY 156,200 EACH ------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON WITH: 0 ------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 156,200 ------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. 156,200 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9. 5.8% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- -5- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON DIAMOND CAPITAL MANAGEMENT INC. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED BY 31,200 EACH ------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON WITH: 0 ------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 31,200 ------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. 31,200 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9. 1.2% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- -6- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON ADAM SMITH INVESTMENTS, LTD. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION BRITISH VIRGIN ISLANDS - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED BY 31,200 EACH ------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON WITH: 0 ------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 31,200 ------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. 31,200 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9. 1.2% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- -7- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON RICHARD AND ANA GROSSMAN JTWROS - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 40,000 NUMBER OF ------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON WITH: 40,000 ------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 0 ------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. 40,000 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9. 1.5% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- -8- SCHEDULE 13G Item 1(a) Name of Issuer: Merrimac Industries, Inc. Item 1(b) Address of Issuer's Principal Executive Offices: 41 Fairfield Place, West Caldwell, New Jersey 07006 Item 2(a) Names of Persons Filing: Richard Grossman, Orin Hirschman, Adam Smith Capital Management LLC ("ASCM"), Diamond Capital Management ("DCM"), Adam Smith Investments, Ltd. ("ASI"), Adam Smith Investment Partners, L.P. ("ASIP"), Richard and Ana Grossman JTWROS. Item 2(b) Addresses of Principal Business Offices: The principal executive offices of ASCM, ASIP and DCM, and the business address of each of Richard Grossman and Orin Hirschman, are located at 101 East 52nd Street, New York, New York 10022. The principal executive office of ASI is c/o Insinger Trust (BVI) Limited, Tropic Isle Building, P.O. Box 438, Road Town, Tortola, British Virgin Islands. Item 2(c) Citizenship: ASCM is a New York limited liability company, DCM is a New York corporation, ASI is a British Virgin Islands corporation, and ASIP is a New York limited partnership. Richard Grossman, Ana Grossman, and Orin Hirschman are citizens of the United States. Item 2(d) Title of Class of Securities: Common Stock, and warrants exercisable to purchase Common Stock (the "Shares"). Item 2(e) CUSIP Number: 590262101 Item 3. Type of Reporting Person: N/A Item 4. Ownership a. Amount Beneficially Owned: 409,800 shares -9- b. Percent of class 14.6% c. Number of shares as to which such person has: i. Sole power to vote or to direct the vote 0 ii. Shared power to vote or to direct the vote 409,800 iii. Sole power to dispose or to direct the disposition of 0 iv. Shared power to dispose or to direct the disposition of 409,800 Item 5. Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. [ ] Item 6. Ownership of More than Five Percent on behalf of Another Person. N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reporting on by the Parent Holding Company: N/A Item 8. Identification and Classification of Members of the Group. This Statement is filed by Richard Grossman and Orin Hirschman by virtue of their beneficial ownership of Shares, directly and indirectly as the owners of each of ASCM and DCM, and as the sole holders of the Common Stock of ASI; by DCM by virtue of being the Investment Manager of ASI; by ASCM, by virtue of being the sole general partner of ASIP; and by ASI and ASIP by virtue of their direct beneficial ownership of Shares. By virtue of the relationships described above, each of Richard Grossman and Orin Hirschman may be deemed to possess indirect beneficial ownership of the Shares held by each entity. The directors of ASI are F.M.C. Limited and S.C.S. Limited, which are subsidiaries of Insinger Trust (BVI) Limited, all of which are British Virgin Islands corporations. Richard -10- Grossman and Orin Hirschman are the only officers and directors of ASC and DCM, and the only member-managers of ASCM. This Statement is filed by Richard and Ana Grossman JTWROS, by virtue of their direct beneficial ownership of Shares. Item 9. Notice of Dissolution of Group: N/A Item 10. Certification: By signing below the undersigned certify that to the best of their 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 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, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: January 5, 2001 /s/ Richard Grossman Richard Grossman /s/ Orin Hirschman Orin Hirschman ADAM SMITH CAPITAL MANAGEMENT, L.L.C., By: /s/ Richard Grossman Richard Grossman, Manager ADAM SMITH INVESTMENT PARTNERS, L.P. By: ADAM SMITH CAPITAL MANAGEMENT, L.L.C., General Partner By: /s/ Richard Grossman Richard Grossman, Manager DIAMOND CAPITAL MANAGEMENT INC. By: /s/ Richard Grossman Richard Grossman, Vice President -11- ADAM SMITH INVESTMENTS, LTD. By: F.M.C LIMITED, Corporate Directors By: /s/ Nicholas Lane Nicholas Lane By: S.C.S. LIMITED, Corporate Directors By: /s/ Grant Brown Grant Brown RICHARD AND ANA GROSSMAN JTWROS By: /s/ Richard Grossman Richard Grossman By: /s/ Ana Grossman Ana Grossman -12- EXHIBIT A JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including amendments thereto) with respect to the common stock, $.50 par value, of Merrimac Industries, Inc., and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filings. In evidence thereof, the undersigned, being duly authorized, hereby execute this Joint Filing Agreement as of January 5, 2001. /s/ Richard Grossman Richard Grossman /s/ Orin Hirschman Orin Hirschman ADAM SMITH CAPITAL MANAGEMENT, L.L.C., By: /s/ Richard Grossman Richard Grossman, Manager ADAM SMITH INVESTMENT PARTNERS, L.P. By: ADAM SMITH CAPITAL MANAGEMENT, L.L.C., General Partner By: /s/ Richard Grossman Richard Grossman, Manager DIAMOND CAPITAL MANAGEMENT INC. By: /s/ Richard Grossman Richard Grossman, Vice President ADAM SMITH INVESTMENTS, LTD. By: F.M.C LIMITED, Corporate Directors By: /s/ Nicholas Lane Nicholas Lane By: S.C.S. LIMITED, Corporate Directors By: /s/ Grant Brown Grant Brown -13- RICHARD AND ANA GROSSMAN JTWROS By: /s/ Richard Grossman Richard Grossman By: /s/ Ana Grossman Ana Grossman -14- -----END PRIVACY-ENHANCED MESSAGE-----