-----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, MVLlEsHdfODhe24gtqOgtdVQzTR30EzJQepna9rakTR4WflldaESvl77+WO2puT1 qV5TdC0pqruL7qhd+D30RQ== 0000950134-98-002084.txt : 19980318 0000950134-98-002084.hdr.sgml : 19980318 ACCESSION NUMBER: 0000950134-98-002084 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980317 SROS: NONE GROUP MEMBERS: CHANEY R & PARTNERS 1993 LP GROUP MEMBERS: R CHANEY & CO INC GROUP MEMBERS: ROBERT H CHANEY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NORTH AMERICAN TECHNOLOGIES GROUP INC /MI/ CENTRAL INDEX KEY: 0000808013 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] IRS NUMBER: 330041789 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-42313 FILM NUMBER: 98567179 BUSINESS ADDRESS: STREET 1: 4710 BELLAIRE BLVD STREET 2: SUITE 301 CITY: BELLAIRE STATE: TX ZIP: 77401 BUSINESS PHONE: 7136622699 MAIL ADDRESS: STREET 1: 4710 BELLAIRE BLVD STREET 2: SUITE 301 CITY: BELLAIRE STATE: TX ZIP: 77401 FORMER COMPANY: FORMER CONFORMED NAME: MAIL BOXES COAST TO COAST INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CHANEY R & PARTNERS 1993 LP CENTRAL INDEX KEY: 0001019520 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 760560506 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 909 FANNIN SUITE 1275 STREET 2: TWO HOUSTON CENTER CITY: HOUSTON STATE: TX ZIP: 77010 BUSINESS PHONE: 7137531315 MAIL ADDRESS: STREET 1: 909 FANNIN SUITE 1275 STREET 2: TWO HOUSTON CENTER CITY: HOUSTON STATE: TX ZIP: 77010 SC 13D/A 1 AMENDMENT NO. 2 TO SCHEDULE 13D 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2)* NORTH AMERICAN TECHNOLOGIES GROUP, INC. (NAME OF ISSUER) COMMON STOCK, $.001 PAR VALUE PER SHARE (TITLE OF CLASS OF SECURITIES) 657193-10-8 (CUSIP NUMBER) ROBERT H. CHANEY R. CHANEY & PARTNERS-1993 L.P. 909 FANNIN, SUITE 1275 TWO HOUSTON CENTER HOUSTON, TEXAS 77010-1006 (713) 753-1315 (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS) MARCH 5, 1998 (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 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 an original and five copies of this schedule, including all exhibits. See Section 240.13d-17(d) 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). 2 CUSIP NO. 657193-10-8 SCHEDULE 13D - -------------------------------------------------------------------------------- (1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above Persons R. CHANEY & PARTNERS-1993 L.P. - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [x](1) (b) [ ] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds (See Instructions) OO (See Item 3) - -------------------------------------------------------------------------------- (5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization R. CHANEY & PARTNERS-1993 L.P. IS A LIMITED PARTNERSHIP FORMED UNDER THE LAWS OF THE STATE OF TEXAS. - -------------------------------------------------------------------------------- (7) Sole Voting Power 0 ---------------------------------------------- Number of Shares Beneficially (8) Shared Voting Power 2,963,785(2) Owned By ---------------------------------------------- Each Reporting (9) Sole Dispositive Power 0 Person With ---------------------------------------------- (10) Shared Dispositive Power 2,963,785(2) - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 2,963,785(3) - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [x] (3) - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 9.10%(3) - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- (1) R. Chaney & Partners-1993 L.P., its sole general partner, R. Chaney & Co. Inc. and the general partner's sole shareholder, Robert Chaney, have a limited relationship with other Investors as described in Items 4, 5, and 6. (2) Voting and dispositive power is shared among the Partnership, the General Partner, and the Sole Shareholder (as herein defined). (3) Based on 31,318,726 shares of Common Stock believed to be issued and outstanding as of January 29, 1998, plus the 1,250,000 additional shares of Common Stock issuable upon exercise of the Warrant (defined in Item 3). If the relationships described in Items 4, 5, and 6 constitute a group for purposes of Rule 13d-5 of the Act, then the group may collectively own an aggregate of 26,137,922 out of 55,742,863 shares or 46.9 percent of the Common Stock based on the conversion and calculation procedures described in Item 5(a)'s The Partnership. The Partnership, the General Partner and the Sole Shareholder disclaim any beneficial ownership of the other Investors' (defined in Item 6) shares and only claim beneficial ownership of the above-mentioned 2,963,785 shares. Please see Item 5. Page 2 of 8 3 CUSIP NO. 657193-10-8 SCHEDULE 13D - -------------------------------------------------------------------------------- (1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above Persons R. CHANEY & CO., INC. - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [x](1) (b) [ ] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds (See Instructions) OO (See Item 3) - -------------------------------------------------------------------------------- (5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization R. CHANEY & CO., INC. IS A CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF TEXAS. - -------------------------------------------------------------------------------- (7) Sole Voting Power 0 ---------------------------------------------- Number of Shares Beneficially (8) Shared Voting Power 2,963,785(2) Owned By ---------------------------------------------- Each Reporting (9) Sole Dispositive Power 0 Person With ---------------------------------------------- (10) Shared Dispositive Power 2,963,785(2) - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 2,963,785(3) - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [x](3) - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 9.10%(3) - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- (1 ) R. Chaney & Partners-1993 L.P., its sole general partner, R. Chaney & Co. Inc. and the general partner's sole shareholder, Robert Chaney, have a limited relationship with other Investors as described in Items 4, 5, and 6. (2) Voting and dispositive power is shared among the Partnership, the General Partner, and the Sole Shareholder (as herein defined). (3) Based on 31,318,726 shares of Common Stock believed to be issued and outstanding as of January 29, 1998, plus the 1,250,000 additional shares of Common Stock issuable upon exercise of the Warrant (defined in Item 3). If the relationships described in Items 4, 5, and 6 constitute a group for purposes of Rule 13d-5 of the Act, then the group may collectively own an aggregate of 26,137,922 out of 55,742,863 shares or 46.9 percent of the Common Stock based on the conversion and calculation procedures described in Item 5(a)'s The Partnership. The Partnership, the General Partner and the Sole Shareholder disclaim any beneficial ownership of the other Investors' (defined in Item 6) shares and only claim beneficial ownership of the above-mentioned 2,963,785 shares. Please see Item 5. Page 3 of 8 4 CUSIP NO. 657193-10-8 SCHEDULE 13D - -------------------------------------------------------------------------------- (1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above Persons ROBERT H. CHANEY - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [x](1) (b) [ ] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds (See Instructions) OO (See Item 3) - -------------------------------------------------------------------------------- (5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization ROBERT H. CHANEY IS A CITIZEN OF THE UNITED STATES. - -------------------------------------------------------------------------------- (7) Sole Voting Power 0 Number of Shares ---------------------------------------------- Beneficially Owned By (8) Shared Voting Power 2,963,785(2) Each ---------------------------------------------- Reporting Person With (9) Sole Dispositive Power 0 ---------------------------------------------- (10) Shared Dispositive Power 2,963,785(2) - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 2,963,785(3) - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [x](3) - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 9.10%(3) - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- (1) R. Chaney & Partners-1993 L.P., its sole general partner, R. Chaney & Co. Inc. and the general partner's sole shareholder, Robert Chaney, have a limited relationship with other Investors as described in Items 4, 5, and 6. (2) Voting and dispositive power is shared among the Partnership, the General Partner, and the Sole Shareholder (as herein defined). (3) Based on 31,318,726 shares of Common Stock believed to be issued and outstanding as of January 29, 1998, plus the 1,250,000 additional shares of Common Stock issuable upon exercise of the Warrant (defined in Item 3). If the relationships described in Items 4, 5, and 6 constitute a group for purposes of Rule 13d-5 of the Act, then the group may collectively own an aggregate of 26,137,922 out of 55,742,863 shares or 46.9 percent of the Common Stock based on the conversion and calculation procedures described in Item 5(a)'s The Partnership. The Partnership, the General Partner and the Sole Shareholder disclaim any beneficial ownership of the other Investors' (defined in Item 6) shares and only claim beneficial ownership of the above-mentioned 2,963,785 shares. Please see Item 5. Page 4 of 8 5 The Schedule 13D filed by R. Chaney & Partners-1993 L.P. (the "Partnership"), R. Chaney & Co., Inc. (the "General Partner") and Robert H. Chaney (the "Sole Shareholder") with the Securities and Exchange Commission ("SEC") on May 27, 1997, and amended by Amendment No. 1 thereto filed with the SEC on April 30, 1997, is hereby amended as follows: ITEM 1. SECURITY AND ISSUER No modification. ITEM 2. IDENTITY AND BACKGROUND No. modification. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION No modification. ITEM 4. PURPOSE OF TRANSACTION No modification. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5 is hereby amended and restated as follows: Item 5(a) The Partnership. The Partnership beneficially owns (1) a warrant to purchase 1,250,000 shares of Common Stock (at an exercise price per share of $1.00) and (2) 1,713,785 shares of Common Stock.(4) The number of outstanding shares of Common Stock for purposes of this Schedule 13D is 32,568,726 shares.(5) The Partnership is deemed to beneficially own 2,963,785 shares out of the outstanding shares, or 9.10 percent, of the Common Stock. The General Partner. The General Partner as the sole general partner of the Partnership may be deemed to be the beneficial owner of all 2,963,785 shares of Common Stock beneficially owned by the Partnership that constitute approximately 9.10 percent of the outstanding shares of Common Stock. Sole Shareholder. The Sole Shareholder of the General Partner of the Partnership may be deemed to be the beneficial owner of all 2,963,785 shares of Common Stock beneficially - --------------------------------- (4) On December 15, 1997, the Partnership converted 13, 754.07 shares of Series F Preferred Stock (defined in Item 3) into 1,612,569 shares of Common Stock, and 2,500 shares of Series G Preferred Stock (defined in Item 3) into 561,716 shares of Common Stock. (5) Based on 31,318,726 shares of Common Stock believed to be issued and outstanding as of January 29, 1998, plus the 1,250,000 additional shares of Common Stock issuable upon exercise of the Warrant. Page 5 of 8 6 owned by the Partnership that constitute approximately 9.10 percent of the outstanding shares of Common Stock. Executive Officers and Director of the General Partner. Except as otherwise described herein, none of the executive officers or directors of the General Partner own any of the Issuer's Common Stock. Certain Relationships. The Partnership, the General Partner, and the Sole Shareholder have a limited relationship with the other Investors to the extent of the above-described provisions of the Voting Agreement. Such relationships may constitute a group for the purpose of Rule 13d-5. Except as otherwise described here in and to the Partnership's, the General Partner's, and the Sole Shareholder's best knowledge, the Investors collectively may own an aggregate of 26,137,922 out of 55,742,863 shares or 46.9 percent of the Common Stock based on the conversion and calculation procedures described in this Item 5(a)'s The Partnership. Because of the limited nature of their relationship to the Investors, each of the Partnership, the General Partner, and the Sole Shareholder disclaims any beneficial ownership of the other Investors' shares and only claim beneficial ownership of the above-mentioned 2,963,785 shares. Item 5(b) The Partnership, the General Partner and the Sole Shareholder share voting and dispositive power of these 2,963,785 shares. As stated above, the Partnership, the General Partner, and the Sole Shareholder disclaim any beneficial ownership or shared voting or dispositive power of the other Investors' shares. Page 6 of 8 7 Item 5(c) The Partnership effected the following sales of Common Stock in open market transactions on the Nasdaq National Market:
- -------------------------------------------------------------------------------- Date Number of Shares Price Per Share - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1/21/98 7,500 $.24 - -------------------------------------------------------------------------------- 1/23/98 42,500 .21 - -------------------------------------------------------------------------------- 1/26/98 113,000 .24 - -------------------------------------------------------------------------------- 1/28/98 6,500 .24 - -------------------------------------------------------------------------------- 1/29/98 33,000 .21 - -------------------------------------------------------------------------------- 1/30/98 4,000 .24 - -------------------------------------------------------------------------------- 2/2/98 7,000 .24 - -------------------------------------------------------------------------------- 2/3/98 10,000 .24 - -------------------------------------------------------------------------------- 2/4/98 11,000 .24 - -------------------------------------------------------------------------------- 2/25/98 10,000 .19 - -------------------------------------------------------------------------------- 2/27/98 80,000 .18 - -------------------------------------------------------------------------------- 3/5/98 85,000 .15 - -------------------------------------------------------------------------------- 3/6/98 40,000 .15 - -------------------------------------------------------------------------------- 3/9/98 10,500 .15 - --------------------------------------------------------------------------------
Item 5(d) No person other than the Partnership, the General Partner, or the Sole Shareholder has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, Common Stock of the Issuer with respect to which this filing is made. Item 5(e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER No modification. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS No modification. Page 7 of 8 8 SIGNATURES 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. March 13, 1998 R. CHANEY & PARTNERS-1993 L.P. By: R. CHANEY & CO., INC., General Partner By: /s/ Robert H. Chaney ------------------------------------- Robert H. Chaney, President and Chief Executive Officer R. CHANEY & CO., INC. By: /s/ Robert H. Chaney ---------------------------------------------- Robert H. Chaney, President and Chief Executive Officer /s/ Robert H. Chaney ------------------------------------------------------ Robert H. Chaney, Sole Shareholder of R. Chaney & Co., Inc. Page 8 of 8 9 INDEX TO EXHIBITS Exhibit No. Description 10.1 Joint Reporting Agreement dated as of July 15, 1996 by and among R. Chaney Partners- 1993 L.P., R. Chaney & Co., Inc., and Robert H. Chaney (incorporated by reference to Schedule 13D filed by the reporting persons on July 23, 1996). -----END PRIVACY-ENHANCED MESSAGE-----