-----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, VXLiGt39UZJ7Xou5l3ITmtrcQD+EmmyN46BwSchg+Hhfi/GSvQQrIeVQV60XEnRa rZmP2w0iWPMrvly98q9ekg== /in/edgar/work/20000703/0000950124-00-004062/0000950124-00-004062.txt : 20000920 0000950124-00-004062.hdr.sgml : 20000920 ACCESSION NUMBER: 0000950124-00-004062 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20000703 GROUP MEMBERS: DANIEL ASHER GROUP MEMBERS: OAKMONT INVESTMENTS, LLC GROUP MEMBERS: PYRAMID TRADING LTD PARTNERSHIP /IL SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: QUIPP INC CENTRAL INDEX KEY: 0000796577 STANDARD INDUSTRIAL CLASSIFICATION: [3559 ] IRS NUMBER: 592306191 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-37630 FILM NUMBER: 667034 BUSINESS ADDRESS: STREET 1: 5700 N W 157TH STRRET CITY: MIAMI STATE: FL ZIP: 33014 BUSINESS PHONE: 3056238700 MAIL ADDRESS: STREET 1: 4800 NW 157 STREET CITY: MIAMI STATE: FL ZIP: 33014 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PYRAMID TRADING LTD PARTNERSHIP /IL CENTRAL INDEX KEY: 0001107219 STANDARD INDUSTRIAL CLASSIFICATION: [ ] IRS NUMBER: 363723624 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 440 SO LASALLE ST SUITE 700 CITY: CHICAGO STATE: IL ZIP: 60605 BUSINESS PHONE: 3123624000 MAIL ADDRESS: STREET 1: 440 SO LASALLE ST SUITE 700 CITY: CHICAGO STATE: IL ZIP: 60605 SC 13D 1 sc13d.txt SCHEDULE 13D 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Quipp, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 748802-10 - -------------------------------------------------------------------------------- (CUSIP Number) Robert T. Montague Robins, Kaplan, Miller & Ciresi L.L.P. 800 LaSalle Avenue, Suite 2800 Minneapolis, MN 55408 612-349-8500 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to receive Notices and Communications) June 23, 2000 - -------------------------------------------------------------------------------- (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 [ ]. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *The remainder of this cover page should 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). 2 Page 2 of 11 CUSIP No. 748802-10 - -------------------------------------------------------------------------------- (1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons Pyramid Trading Limited Partnership 36-3723624 - -------------------------------------------------------------------------------- (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 if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization Illinois - -------------------------------------------------------------------------------- Number of (7) Sole Voting Power 0 shares Shares Bene- ---------------------------------------------------------------- ficially (8) Shared Voting Power 118,838 shares Owned by ---------------------------------------------------------------- Each Report- (9) Sole Dispositive Power 0 shares ing Person ---------------------------------------------------------------- With (10) Shared Dispositive Power 118,838 shares - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 118,838 shares - -------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 6.3% - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) BD, PN, IV 3 Page 3 of 11 CUSIP No. 748802-10 - -------------------------------------------------------------------------------- (1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons Oakmont Investments, LLC 36-3996171 - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ X ] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds N/A - -------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization Illinois - -------------------------------------------------------------------------------- Number of (7) Sole Voting Power 0 shares Shares Bene- ----------------------------------------------------------------- ficially (8) Shared Voting Power 118,838 shares Owned by ----------------------------------------------------------------- Each Report- (9) Sole Dispositive Power 0 shares ing Person ----------------------------------------------------------------- With (10) Shared Dispositive Power 118,838 shares - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 118,838 shares - -------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 6.3% - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO, IV 4 Page 4 of 11 CUSIP No. 748802-10 - -------------------------------------------------------------------------------- (1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons Daniel Asher ###-##-#### - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ X ] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds N/A - -------------------------------------------------------------------------------- (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 (7) Sole Voting Power 0 shares Shares Bene- ficially (8) Shared Voting Power 118,838 shares Owned by Each Report- (9) Sole Dispositive Power 0 shares ing Person With (10) Shared Dispositive Power 118,838 shares - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 118,838 shares - -------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 6.3% - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) IN 5 Page 5 of 11 CUSIP No. 748802-10 - -------------------------------------------------------------------------------- ITEM 1. SECURITY AND ISSUER The class of equity securities to which this Statement on Schedule 13D relates is the common stock, without par value (the "Common Stock"), of Quipp, Inc., a Florida corporation (the "Company"). The principal executive offices of the Company are located at 4800 N.W. 157th Street, Miami, FL 33014. ITEM 2. IDENTITY AND BACKGROUND This statement is being filed by Pyramid Trading Limited Partnership ("PT"), Oakmont Investments, LLC, the general partner of PT ("OI") and Daniel Asher, Manager of OI and individually ("DA"). PT, OI and DA are collectively referred to herein as the "Reporting Persons." The following information relates to PT: (i) Name: Pyramid Trading Limited Partnership (ii) State of Organization: Illinois (iii) Principal Business: Broker-Dealer registered on CBOE (iv) Principal Business and Office Address: 440 S. LaSalle Street, Chicago, Illinois 60605 (v) Information required by clauses (d) and (e) of Item 2 of Schedule 13D: None The following information relates to OI: (i) Name: Oakmont Investments, LLC (ii) State of Organization: Illinois (iii) Principal Business: Investments (iv) Principal Business and Office Address: 440 S. LaSalle Street, Chicago, Illinois 60605 (v) Information required by clauses (d) and (e) of Item 2 of Schedule 13D: None The following information relates to DA: (a) Name: Daniel Asher (b) Business Address: 440 S. LaSalle Street, Suite 700, Chicago, IL 60605 6 Page 6 of 11 CUSIP No. 748802-10 - -------------------------------------------------------------------------------- (c) Principal Occupation: Private Investor (d) Criminal Proceedings: None (e) Civil Proceedings: None (f) Citizenship: United States ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION From 02/02/00 to 06/23/00, PT purchased an aggregate of 118,838 shares of Common Stock for an aggregate consideration of $1,924,587 (not including brokerage commissions). PT acquired such shares using working capital. ITEM 4. PURPOSE OF TRANSACTION The Reporting Persons have acquired the Common Stock described herein in order to obtain an equity position in the Company. The Reporting Persons presently intend to seek representation on the Board of Directors of the Company and may determine to seek control of the Company. The Reporting Persons do not presently intend to make a proposal to the Company for a merger or business combination. The Reporting Persons may acquire additional shares of Common Stock and may enter into arrangements with third parties who may be interested in joining with the Reporting Persons to acquire control of the Company. The Reporting Persons may attempt to dispose of the Common Stock in the open market, in privately negotiated transactions or otherwise. Depending upon the course of action that the Reporting Persons pursue, the possible activities of the Reporting Persons are subject to change at any time and there is no assurance that the Reporting Persons will purchase additional Common Stock or change its present intent to seek representation on the Board of Directors. Except as set forth above, the Reporting Persons have no present plans or intentions which would result in or relate to any of the transactions described in Item 4 of Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) As of June 23, 2000, the Reporting Persons beneficially owned the amounts of Common Stock respectively set forth below. The percentage set forth below represents the percentage of the outstanding shares of Common Stock based on 1,887,184 shares outstanding as of March 31, 2000 as set forth in the Company's Form 10Q for the quarter ended March 31, 2000. 7 Page 7 of 11 CUSIP No. 748802-10 - --------------------------------------------------------------------------------
Reporting Shares of Percent of Persons Common Stock Outstanding Common Stock ------- ------------ ------------------------ PT, OI, DA 118,838 6.3%
(b) The information set forth in Items 7 through 11 of the cover pages hereto is incorporated herein by reference. (c) The information concerning transactions in the Common Stock effected by the Reporting Persons during the past sixty (60) days is set forth in Appendix A hereto and incorporated herein by reference. All of the transactions were open market transactions. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIP WITH RESPECT TO THE SECURITIES OF THE ISSUER NONE ITEM 7. MATERIAL TO BE FILED AS EXHIBITS 1. Agreement as of June 23, 2000 by and among the signatories of this Statement on Schedule 13D with respect to its filing 8 Page 8 of 11 CUSIP No. 748802-10 - -------------------------------------------------------------------------------- SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: June 23, 2000 PYRAMID TRADING LIMITED PARTNERSHIP BY OAKMONT INVESTMENTS, LLC ITS GENERAL PARTNER BY /S/ Daniel Asher -------------------------------------------- Daniel Asher, Manager Oakmont Investments, LLC OAKMONT INVESTMENTS, LLC BY /S/ Daniel Asher -------------------------------------------- Daniel Asher, Manager /S/ Daniel Asher ------------------------------------------------ DANIEL ASHER 9 Page 9 of 11 CUSIP No. 748802-10 - -------------------------------------------------------------------------------- APPENDIX A Transactions By the Reporting Persons in Quipp, Inc. Common Stock During the Past 60 Days PYRAMID TRADING LIMITED PARTNERSHIP
Date # of Shares Bought Price Per Share ($) Total Cost ($)* ---- ------------------ ------------------- -------------- 04/25/00 200 17.0000 3,400 05/03/00 200 17.0000 3,400 05/15/00 100 17.4375 1,744 05/15/00 1,900 17.5000 33,250 05/15/00 2,000 17.5000 35,000 05/16/00 200 17.8750 3,575 05/16/00 100 17.9375 1,794 05/16/00 100 18.0000 1,800 05/26/00 1,000 18.5000 18,500 05/30/00 200 18.5000 3,700 06/01/00 1,000 18.5000 18,500 06/05/00 2,000 18.5000 37,000 06/05/00 4,000 18.5000 74,000 06/05/00 1,000 18.5000 18,500 06/05/00 3,000 18.5000 55,500 06/23/00 5,000 18.5000 92,500 06/23/00 5,000 18.5000 92,500 06/23/00 5,000 18.5000 92,500 06/23/00 5,000 18.5000 92,500 06/23/00 10,000 18.6250 186,250 06/23/00 5,000 18.6250 93,125
- ----------------------------- * Commissions not included 10 Page 10 of 11 CUSIP No. 748802-10 - -------------------------------------------------------------------------------- EXHIBIT INDEX
EXHIBIT NO. DOCUMENT 1 Agreement, dated as of June 23, 2000 by and among the signatories of this Statement with respect to its filing.
EX-1 2 ex1.txt UNDERWRITING AGREEMENT 1 Page 11 of 11 CUSIP No. 748802-10 - -------------------------------------------------------------------------------- EXHIBIT 1 AGREEMENT This will confirm the agreement by and among all the undersigned that the Schedule 13D filed on or about this date with respect to the beneficial ownership of the undersigned of shares of Common Stock of Quipp, Inc. is being filed on behalf of each of the entities named below. This agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Date: June 23, 2000 PYRAMID TRADING LIMITED PARTNERSHIP BY OAKMONT INVESTMENTS, LLC ITS GENERAL PARTNER BY /S/ Daniel Asher ----------------------------------------- Daniel Asher, Manager Oakmont Investments, LLC OAKMONT INVESTMENTS, LLC BY /S/ Daniel Asher ----------------------------------------- Daniel Asher, Manager /S/ Daniel Asher --------------------------------------------- DANIEL ASHER -----END PRIVACY-ENHANCED MESSAGE-----