-----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, E8GFxcMTqdWhwQiKyxYgaduCvmYHmqQUyUMIjr1MjVKNMPVyGFNdiZbbpxxftiND zeSfMtpHsYXqKoh6YH+TuQ== 0000914317-99-000381.txt : 19990623 0000914317-99-000381.hdr.sgml : 19990623 ACCESSION NUMBER: 0000914317-99-000381 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990622 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: M WAVE INC CENTRAL INDEX KEY: 0000883842 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 363809819 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-43060 FILM NUMBER: 99650202 BUSINESS ADDRESS: STREET 1: 216 EVERGREEN ST CITY: BENSENVILLE ILLINOIS STATE: IL ZIP: 60106 BUSINESS PHONE: 6308609542 MAIL ADDRESS: STREET 1: 216 EVERGREEN STREET CITY: BENSENVILLE STATE: IL ZIP: 60106 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: POLYSET CO INC PROFIT SHARING PLAN CENTRAL INDEX KEY: 0001088805 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: UPPER NORTH MAIN STREET CITY: MECHANICSVILLE STATE: NY ZIP: 12118 BUSINESS PHONE: 5186646000 SC 13D 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. ) M~WAVE, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 554034-10-8 - -------------------------------------------------------------------------------- (CUSIP Number) Paul Schmidt, CFO, 215 Park Street, Bensenville, IL 60106, (630)860-3560 ext.102 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 18,1998 - -------------------------------------------------------------------------------- (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 Rule 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 Rule 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 that act but shall be subject to all other provisions of the Act (however, see the notes). Potential person who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1746 (2-98) - -------------------------------------------------------------------------------- CUSIP No. 554034-10-8 13D - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (entities only) Polyset Profit Sharing Plan - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* (See Instructions) OO, PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS [ ] REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 149,000 ------------------------------------------------ 8 SHARED VOTING POWER ------------------------------------------------ 9 SOLE DISPOSITIVE POWER ------------------------------------------------ 10 SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 149,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* (See Instructions) [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* (See Instructions) EP - -------------------------------------------------------------------------------- CUSIP No. 13D - -------------------------------------------------------------------------------- Polyset Company, Inc., Profit Sharing Plan United States Securities and Exchange Commission Schedule 13 D Item 1. Security and Issuer M~WAVE, INC., Common Stock Paul Schmidtt, CFO 215 Park Street Bensenville, IL 60106 Item 2. Identity and Background This statement is being filed by the Polyset Company, Inc., Profit Sharing Plan, Robert Silvera, Thomas P. Kelly, and Ramkrishna Ghoshal, sometimes collectively known as the "Reporting Person". Silvera, Kelly and Ghoshal are employees and/or directors of Polyset Company, Inc. I POLYSET COMPANY, INC. PROFIT SHARING PLAN Polyset is a manufacturer of specialty adhesives and coatings office address: Upper North Main Street Mechanicville, New York 12118 mailing address: P.O. Box 111 Mechanicville, NY 12118 II (a) ROBERT SILVERA (b) residence address: 196 Mainsail Road Kingston, TN 37763 (c) President of Polyset Company, Inc., P.O. Box 111, Mechanicville, New York 12118 (d) Applicant has no criminal record (e) Applicant has not been a party to a civil proceeding with regard to Federal or State Securities Laws (f) U.S. citizenship III (a) THOMAS P. KELLY (b) residence address: 4426 North Richmond Street Chicago, Il 60625 (c) Commercial Pilot employed by American Airlines (d) Applicant has no criminal record (e) Applicant has not been a party to a civil proceeding with regard to Federal or State Securities Laws (f) U.S. citizenship III (a) RAMKRISHNA GHOSAL (b) residence address: Cathedral Court Clifton Park, NY 12065 (c) Secretary and Treasurer of Polyset Company, Inc., P.O. Box 111, (d) Applicant has no criminal record (e) Applicant has not been a party to a civil proceeding with regard to Federal or State Securities Laws (f) U.S. citizenship Item 3. Source and Amount of Funds or Other Consideration All Shares have been purchased with Profit Sharing Plan Funds or Individual Funds. No funds have been borrowed. Item 4. Purpose of Transaction The reporting persons own more than five (5%) percent of M~WAVE, INC. as a result of the repurchase by M~WAVE, INC. of 781,964 shares of its common stock from First Chicago Equity Corporation and its affiliates on or about December 18, 1999. Intent All Shares were purchased for investment purposes with the hope for capital appreciation. Polyset is developing advanced radiation curable solder masks. M~WAVE, INC. is a user of radiation curable solder masks and as such M~WAVE, INC. may serve as an initial screening test facility. Item 5. Interest in Securities of the Issuer (a) 149,000 shares of common stock comprising 6.7 % of M~WAVE, INC.'s common stock. (b) Polyset Company, Inc. Profit Sharing Plan (c) Polyset Company, Inc. Profit Sharing Plan has not effected any transactions within the last sixty (60) days. M~WAVE, INC.'s December 18, 1999 repurchase of 781,964 shares of its common stock has caused the applicant to now own more than five (5%) percent of M~WAVE, INC. (d) This section is not applicable as applicants are the beneficiaries of an employee benefit plan. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer There are no contracts, arrangements, understandings or relationships with respect to securities of the Issuer. 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 accurate. Dated: March 5, 1999 /s/ Polyset Co. Inc. Profit Sharing Plan by Robert Silvera Custodian - -------------------------------------------------------------------------------- Name/Title: Polyset Co. Inc. Profit Sharing Plan /s/ Robert Silvera Presient - -------------------------------------------------------------------------------- Name/Title: Robert Silvera /s/ Thomas P. Kelly Director - -------------------------------------------------------------------------------- Name/Title: Thomas P. Kelly /s/ Ramkrishna Ghoshal Security Treasurer - Chamber of Board - -------------------------------------------------------------------------------- Name/Title: Ramkrishna Ghosha -----END PRIVACY-ENHANCED MESSAGE-----