-----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, FzZ988UOE2HWTDqhTnaCPm3nLZ26+7c9cF6Iw3+aZptejsONIjnAY3aUDbA29uiy fz+FTlSDqyQkNcrG9WYwpQ== 0000909012-01-500048.txt : 20010503 0000909012-01-500048.hdr.sgml : 20010503 ACCESSION NUMBER: 0000909012-01-500048 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010502 GROUP MEMBERS: DANIEL W. MOYER GROUP MEMBERS: EMERALD ADVISERS INC /PA/ /ADV GROUP MEMBERS: EMERALD ASSET MANAGEMENT, INC. GROUP MEMBERS: JOSEPH E. BESECKER GROUP MEMBERS: JOSEPH W. GARNER GROUP MEMBERS: KENNETH G. MERTZ, II GROUP MEMBERS: PAUL W. WARE GROUP MEMBERS: SCOTT L. REHR GROUP MEMBERS: STACEY L. SEARS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PARAGON TECHNOLOGIES INC CENTRAL INDEX KEY: 0000090045 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION, MINING & MATERIALS HANDLING MACHINERY & EQUIP [3530] IRS NUMBER: 221643428 STATE OF INCORPORATION: PA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-34513 FILM NUMBER: 1620126 BUSINESS ADDRESS: STREET 1: 600 KUEBLER ROAD CITY: EASTON STATE: PA ZIP: 18040 BUSINESS PHONE: 6102527321 MAIL ADDRESS: STREET 1: P O BOX 70 CITY: EASTON STATE: PA ZIP: 18040 FORMER COMPANY: FORMER CONFORMED NAME: SI HANDLING SYSTEMS INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EMERALD ADVISERS INC /PA/ /ADV CENTRAL INDEX KEY: 0000881235 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 232664857 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 1703 OREGON PIKE STREET 2: STE 101 CITY: LANCASTER STATE: PA ZIP: 17601 BUSINESS PHONE: 7173961116 MAIL ADDRESS: STREET 1: P O BOX 10666 CITY: LANCASTER STATE: PA ZIP: 17605 FORMER COMPANY: FORMER CONFORMED NAME: EMERALD ADVISERS INC /PA/ /ADV DATE OF NAME CHANGE: 19970207 SC 13D 1 t22529.txt PARAGON TECHNOLOGIES, INC. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 PARAGON TECHNOLOGIES, INC. ------------------------------------------------------- (Name of Issuer) COMMON STOCK --------------------------------------------------------- (Title of Class of Securities) 69912T108 -------------------------------------------------------------- (CUSIP Number) With Copies to: Scott L. Rehr Emerald Advisers, Inc. 1703 Oregon Pike, Suite 101 Lancaster, PA 17601 (717) 396-1116 ------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) APRIL 30, 2001 ------------------------------------------------------------------ (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 that is the subject of this Schedule 13D, and is filing This schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.[ ] (Continued on following pages) Page 1 of 15 - ------------------------------------------------------------------------------ CUSIP No. 69912T108 13D Page 2 of 15 - ------------------------------------------------------------------------------ (1) Names of Reporting Persons; I.R.S. Identification Nos. of Above Persons (entities only) Emerald Advisers, Inc. 23-2664857 - ----------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (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 Commonwealth of Pennsylvania - -------------------------------------------------------------------------- Number of |(7) | Sole Voting Power 558,635 Shares | |____________________________________________________________ Beneficially |(8) | Shared Voting Power 0 Owned by | |____________________________________________________________ Each |(9) | Sole Dispositive Power 833,935 Reporting | |_____________________________________________________________ Person With |(10)| Shared Dispositive Power 0 -------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 833,935 - -------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - ------------------------------------------------------------------------------ (13) Percent of Class Represented by Amount in Row (11) 19.9% - ------------------------------------------------------------------------------ (14) Type of Reporting Person IA - ----------------------------------------------------------------------------- - ------------------------------------------------------------------------------ CUSIP No. 69912T108 13D Page 3 of 15 - ------------------------------------------------------------------------------ (1) Names of Reporting Persons; I.R.S. Identification Nos. of Above Persons (entities only) Kenneth G. Mertz, II (Reporting as President and Director of Emerald Advisers, Inc.) - ------------------------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (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 U.S.A. - -------------------------------------------------------------------------- Number of | (7)| Sole Voting Power See footnote 1 below. Shares | |____________________________________________________________ Beneficially | (8)| Shared Voting Power See footnote 1 below. Owned by | |____________________________________________________________ Each | (9)| Sole Dispositive Power See footnote 1 below. Reporting | |_____________________________________________________________ Person With |(10)| Shared Dispositive Power See footnote 1 below. (1) Mr. Mertz is filing in his capacity as President and Director of Emerald Advisers, Inc. Mr. Mertz does not beneficially own any shares of Common Stock of the Issuer in his individual capacity. ----------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 833,935 Shares, however, see footnote 1 above. - ------------------------------------------------------------------------------ (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - ------------------------------------------------------------------------------ (13) Percent of Class Represented by Amount in Row (11) 19.9%, however, see footnote 1 above. ____________________________________________________________________ (14) Type of Reporting Person IN - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ CUSIP No. 69912T108 13D Page 4 of 15 - ------------------------------------------------------------------------------ (1) Names of Reporting Persons; I.R.S. Identification Nos. of Above Persons (entities only) Scott L. Rehr (Reporting as Exec.Vice President, Treasurer and Director of Emerald Advisers, Inc.) - ------------------------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (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 U.S.A. - ------------------------------------------------------------------------- Number of |(7) | Sole Voting Power See footnote 1 below. Shares | |____________________________________________________________ Beneficially |(8) | Shared Voting Power See footnote 1 below. Owned by | |____________________________________________________________ Each |(9) | Sole Dispositive Power See footnote 1 below. Reporting | |_____________________________________________________________ Person With |(10)| Shared Dispositive Power See footnote 1 below. (1) Mr. Rehr is filing in his capacity as Executive Vice President, Treasurer and Director of Emerald Advisers, Inc. Mr. Rehr does not beneficially own any shares of Common Stock of the Issuer in his individual capacity. - ----------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 833,935 Shares, however, see footnote 1 above. - ------------------------------------------------------------------------------ (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - ------------------------------------------------------------------------------ (13) Percent of Class Represented by Amount in Row (11) 19.9%; however, see footnote 1 above. - ------------------------------------------------------------------------------ (14) Type of Reporting Person IN - ----------------------------------------------------------------------------- - ------------------------------------------------------------------------------ CUSIP No. 69912T108 13D Page 5 of 15 - ------------------------------------------------------------------------------ (1) Names of Reporting Persons; I.R.S. Identification Nos. of Above Persons (entities only) Stacey L. Sears (Reporting as Sr. Vice President, Secretary and Director of Emerald Advisers, Inc.) - ------------------------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (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 U.S.A. _______________________________________________________________________________ Number of |(7) | Sole Voting Power See footnote 1 below. Shares | |____________________________________________________________ Beneficially |(8) | Shared Voting Power See footnote 1 below. Owned by | |____________________________________________________________ Each |(9) | Sole Dispositive Power See footnote 1 below. Reporting | |_____________________________________________________________ Person With |(10)| Shared Dispositive Power See footnote 1 below. (1) Ms. Sears is filing in her capacity as Senior Vice President, Secretary and Director of Emerald Advisers, Inc. Ms. Sears does not beneficially own any shares of Common Stock of the Issuer in her individual capacity. -------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 833,935 Shares; however, see footnote 1 above. - ------------------------------------------------------------------------------ (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - ------------------------------------------------------------------------------ (13) Percent of Class Represented by Amount in Row (11) 19.9%, however, see footnote 1 above. - ------------------------------------------------------------------------------ (14) Type of Reporting Person IN - ----------------------------------------------------------------------------- - ------------------------------------------------------------------------------ CUSIP No. 69912T108 13D Page 6 of 15 - ------------------------------------------------------------------------------ (1) Names of Reporting Persons; I.R.S. Identification Nos. of Above Persons (entities only) Emerald Asset Management, Inc. (Controls Emerald Advisers, Inc. via 100% ownership) 23-2650313 - ------------------------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (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 Commonwealth of Pennsylvania - -------------------------------------------------------------------------- Number of | (7)| Sole Voting Power See footnote 1 below. Shares | |____________________________________________________________ Beneficially| (8)| Shared Voting Power See footnote 1 below. Owned by | |____________________________________________________________ Each | (9)| Sole Dispositive Power See footnote 1 below. Reporting | |_____________________________________________________________ Person With |(10)| Shared Dispositive Power See footnote 1 below. (1) Emerald Asset Management, Inc. is filing in its capacity as 100 percent owner of Emerald Advisers, Inc. Emerald Asset Management, Inc. does not beneficially own any other shares of Common Stock of the Issuer. - ------------------------------------------------------------------------------ (11) Aggregate Amount Beneficially Owned by Each Reporting Person 833,935 Shares, however, see footnote 1 above. - ------------------------------------------------------------------------------ (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - ------------------------------------------------------------------------------ (13) Percent of Class Represented by Amount in Row (11) 19.9%, however, see footnote 1 above. - ------------------------------------------------------------------------------ (14) Type of Reporting Person CO - ----------------------------------------------------------------------------- - ------------------------------------------------------------------------------ CUSIP No. 69912T108 13D Page 7 of 15 - ------------------------------------------------------------------------------ (1) Names of Reporting Persons; I.R.S. Identification Nos. of Above Persons (entities only) Joseph E. Besecker (Reporting both as Director and Executive Officer of Emerald Asset Management, Inc. and individually as Control Person of Emerald Advisers, Inc., as indirect owner of more than 25% of its stock) - ------------------------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (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 U.S.A. - -------------------------------------------------------------------------- Number of |(7) | Sole Voting Power See footnote 1 below. Shares | |____________________________________________________________ Beneficially |(8) | Shared Voting Power See footnote 1 below. Owned by | |____________________________________________________________ Each |(9) | Sole Dispositive Power See footnote 1 below. Reporting | |_____________________________________________________________ Person With |(10)| Shared Dispositive Power See footnote 1 below. (1) Mr. Besecker is filing in his capacity as both Chairman, Director, President and Chief Executive Officer of Emerald Asset Management, Inc. and as a Control Person of Emerald Advisers, Inc., due to his indirect ownership of more than 25% of its stock. Mr. Besecker does not beneficially own any shares of Common Stock of the Issuer in his individual capacity. -------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 833,935 Shares, however, see footnote 1 above. - ------------------------------------------------------------------------------ (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - ------------------------------------------------------------------------------ (13) Percent of Class Represented by Amount in Row (11) 19.9%, however, see footnote 1 above. - ------------------------------------------------------------------------------ (14) Type of Reporting Person IN - ----------------------------------------------------------------------------- - ----------------------------------------------------------------------------- CUSIP No. 69912T1083 13D Page 8 of 15 - ------------------------------------------------------------------------------ (1) Names of Reporting Persons; I.R.S. Identification Nos. of Above Persons (entities only) Daniel W. Moyer IV (Reporting as Exec. Vice President and Director of Emerald Asset Management, Inc.) - ------------------------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (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 U.S.A. - -------------------------------------------------------------------------- Number of | (7)| Sole Voting Power See footnote 1 below. Shares | |____________________________________________________________ Beneficially | (8)| Shared Voting Power See footnote 1 below. Owned by | |____________________________________________________________ Each | (9)| Sole Dispositive Power See footnote 1 below. Reporting | |_____________________________________________________________ Person With |(10)| Shared Dispositive Power See footnote 1 below. (1) Mr. Moyer is filing in his capacity as Executive Vice President and Director of Emerald Asset Management, Inc. Mr. Moyer does not beneficially own any shares of Common Stock of the Issuer in his individual capacity. -------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 833,935 Shares, however, see footnote 1 above. - ------------------------------------------------------------------------------ (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - ------------------------------------------------------------------------------ (13) Percent of Class Represented by Amount in Row (11) 19.9%, however, see footnote 1 above. - ------------------------------------------------------------------------------ (14) Type of Reporting Person IN - ----------------------------------------------------------------------------- - ------------------------------------------------------------------------------ CUSIP No. 69912T108 13D Page 9 of 15 - ------------------------------------------------------------------------------ (1) Names of Reporting Persons; I.R.S. Identification Nos. of Above Persons (entities only) Joseph W. Garner (Reporting as Exec. Vice President and Director of Emerald Asset Management, Inc.) - ------------------------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (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 U.S.A. - -------------------------------------------------------------------------- Number of | (7)| Sole Voting Power See footnote 1 below. Shares | |____________________________________________________________ Beneficially | (8)| Shared Voting Power See footnote 1 below. Owned by | |____________________________________________________________ Each | (9)| Sole Dispositive Power See footnote 1 below. Reporting | |_____________________________________________________________ Person With |(10)| Shared Dispositive Power See footnote 1 below. -------------------------------------------------------------------------- (1) Mr. Garner is filing in his capacity as Executive Vice President and Director of Emerald Asset Management, Inc. Mr. Garner does not beneficially own any shares of Common Stock of the Issuer in his individual capacity. - ------------------------------------------------------------------------------ (11) Aggregate Amount Beneficially Owned by Each Reporting Person 833,935 Shares, however, see footnote 1 above. - ------------------------------------------------------------------------------ (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - ------------------------------------------------------------------------------ (13) Percent of Class Represented by Amount in Row (11) 19.9%, however, see footnote 1 above. - ------------------------------------------------------------------------------ (14) Type of Reporting Person IN - ----------------------------------------------------------------------------- - ------------------------------------------------------------------------------ CUSIP No. 69912T108 13D Page 10 of 15 - ------------------------------------------------------------------------------ (1) Names of Reporting Persons; I.R.S. Identification Nos. of Above Persons (entities only) Paul W. Ware (Reporting as Director of Emerald Asset Management, Inc.) - ------------------------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (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 U.S.A - -------------------------------------------------------------------------- Number of | (7)| Sole Voting Power See footnote 1 below. Shares | |____________________________________________________________ Beneficially | (8)| Shared Voting Power See footnote 1 below. Owned by | |____________________________________________________________ Each | (9)| Sole Dispositive Power See footnote 1 below. Reporting | |_____________________________________________________________ Person With |(10)| Shared Dispositive Power See footnote 1 below. (1) Mr. Ware is filing in his capacity as Director of Emerald Asset Management, Inc. Mr. Ware does not beneficially own any shares of Common Stock of the Issuer in his individual capacity. ------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 833,935 Shares, however, see footnote 1 above. - ------------------------------------------------------------------------------ (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - ------------------------------------------------------------------------------ (13) Percent of Class Represented by Amount in Row (11) 19.9%, however, see footnote 1 above. - ------------------------------------------------------------------------------ (14) Type of Reporting Person IN - ----------------------------------------------------------------------------- Page 11 of 15 Item 1. Security and Issuer. This statement relates to the Common Stock, $1.00 par value, of Paragon Technologies, Inc. (the "Issuer"). The principal executive offices of the Issuer are located at 600 Kuebler Road, Easton, Pennsylvania 18040. Item 2. Identity and Background. Emerald Advisers, Inc., a Pennsylvania corporation, is a registered Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940, with executive offices located at 1703 Oregon Pike, Suite 101, Lancaster, PA 17601. Emerald Advisers, Inc. has not been, during the last five years or at any time, convicted in a criminal proceeding or a party to a civil proceeding of a judicial or administrative body and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws. Kenneth G. Mertz II, a United States citizen, is President and Director of Emerald Advisers, Inc. and his business address is 1703 Oregon Pike, Suite 101, Lancaster, PA 17601. Mr. Mertz has not been, during the last five years or at any time, convicted in a criminal proceeding or a party to a civil proceeding of a judicial or administrative body and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws. Scott L. Rehr, a United States citizen, is Executive Vice President, Treasurer and Director of Emerald Advisers, Inc. and his business address is 1703 Oregon Pike, Suite 101, Lancaster, PA 17601. Mr. Rehr has not been, during the last five years or at any time, convicted in a criminal proceeding or a party to a civil proceeding of a judicial or administrative body and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws. Stacey L. Sears, a United States citizen, is Senior Vice President, Secretary and Director of Emerald Advisers, Inc. and her business address is 1703 Oregon Pike, Suite 101, Lancaster, PA 17601. Ms. Sears has not been, during the last five years or at any time, convicted in a criminal proceeding or a party to a civil proceeding of a judicial or administrative body and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws. Page 12 of 15 Item 2. Identity and Background. (continued) Emerald Asset Management, Inc., a Pennsylvania corporation, owns 100 percent of Emerald Advisers, Inc. and its principal offices are located at 1703 Oregon Pike, Suite 101, Lancaster, PA 17601. Emerald Advisers, Inc. is a diversified investment management firm. Emerald Asset Management, Inc. has not been, during the last five years or at any time, convicted in a criminal proceeding or a party to a civil proceeding of a judicial or administrative body and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws. Joseph E. Besecker, a United States citizen, is deemed a control person of Emerald Advisers, Inc. via his indirect ownership of more than 25% of its stock, and is also Chairman, Director, President and CEO of Emerald Asset Management, Inc., and his business address is 1703 Oregon Pike, Suite 101, Lancaster, PA 17601. Mr. Besecker has not been, during the last five years or at any time, convicted in a criminal proceeding or a party to a civil proceeding of a judicial or administrative body and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws. Daniel W. Moyer IV, a United States citizen, is Executive Vice President and Director of Emerald Asset Management, Inc. and his business address is 1703 Oregon Pike, Suite 101, Lancaster, PA 17601. Mr. Moyer has not been, during the last five years or at any time, convicted in a criminal proceeding or a party to a civil proceeding of a judicial or administrative body and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws. Joseph W. Garner, a United States citizen, is Executive Vice President and Director of Emerald Asset Management, Inc. and his business address is 1703 Oregon Pike, Suite 101, Lancaster, PA 17601. Mr. Garner has not been, during the last five years or at any time, convicted in a criminal proceeding or a party to a civil proceeding of a judicial or administrative body and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws. Page 13 of 15 Item 2. Identity and Background. (continued) Paul W. Ware, a United States citizen, is Director of Emerald Asset Management, Inc. and a retired investor, and his business address is 125-C Lancaster Avenue, Strasburg, PA 17579. Mr. Ware has not been, during the last five years or at any time, convicted in a criminal proceeding or a party to a civil proceeding of a judicial or administrative body and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration Emerald Advisers, Inc. has purchased shares of Common Stock of the Issuer for its investment advisory clients as a long-term investment, and has done so solely utilizing client funds, with no borrowings or use of corporate funds. Item 4. Purpose of Transaction Emerald Advisers, Inc. owns approximately 19.9% of the Issuer's common stock on behalf of its investment advisory clients. Emerald Advisers Inc. has purchased shares of Common Stock of the Issuer over a long period of time, and has held the shares in conjunction with Emerald's investment philosophy of seeking long-term growth. As a large shareholder of the Issuer, Emerald Advisers, Inc. generally supports efforts to maximize shareholder value. As such, Emerald Advisers, Inc. may seek to support an alternate slate of directors who may share its goal of enhanced shareholder value. Under such a circumstance, Emerald Advisers, Inc. may also wish to contact other institutional shareholders of the Issuer solely for the purpose of indicating its support of an alternate slate of directors. Under no circumstances, however, would Emerald seek to gain control of the Issuer or participate in the management of the Issuer. Emerald Advisers, Inc. may also acquire additional shares of Common Stock of the Issuer or dispose of shares of Common Stock of the Issuer through the ordinary course of conducting its business (ie., purchasing and selling securities on behalf of its investment advisory clients). At this time, Emerald Advisers, Inc. does not intend to: (i) undertake, or cause, an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer; (ii) sell or transfer a material amount of assets of the Issuer; (iii) materially change the Issuer's present capitalization or dividend policy; (iv) materially change the Issuer's business or corporate structure; (v) change the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer; (vi) cause a class of the Issuer's securities 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; or (vii) cause a class of the Issuer's securities to become eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934. Page 14 of 15 Item 5. Interest in Securities of the Issuer. The following table sets forth information with respect to beneficial ownership of the Issuer's securities by each of the reporting persons. Each person has the sole voting or dispositive power with respect to the shares listed after his or her name, except for those shares indicated as being jointly owned, as to which each of the named joint owners has shared voting and dispositive power. Number of Shares Name Beneficially owned Percent of class ------- ---------------- ---------------- Emerald Advisers, Inc. 833,935 (1) 19.927% (1) Emerald Advisers, Inc. has the sole power to vote 558,635 shares of the Issuer and the sole power to dispose of 833,935 shares of the Issuer. It does not share power to vote or dispose of any of the shares of the Issuer. Neither the other individuals nor the other entity identified in Item 2 of this Schedule 13 D beneficially own any of the Issuer's shares other than the shares reported as beneficially owned by Emerald Advisers, Inc. in the Table above. The individuals identified in Item 2 of this Schedule are required to be reported in this Schedule solely as a result of the positions they hold with Emerald Advisers, Inc. and/or Emerald Asset Management, Inc. Similarly, Emerald Asset Management, Inc. is required to be reported in this Schedule since it owns, and thereby controls, Emerald Advisers, Inc. Neither Emerald Advisers, Inc, Emerald Asset Management, Inc. nor any of the individuals identified in Item 2 of this Schedule have had any transactions in the Issuer's common stock during the past 60 days. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer . None Item 7. Materials to be Filed as Exhibits. None Page 15 of 15 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. EMERALD ADVISERS, INC. /s/ Scott L. Rehr ----------------------------------- Scott L. Rehr, Executive Vice President EMERALD ASSET MANAGEMENT, INC. /s/ Joseph E. Besecker ----------------------------------- Joseph E. Besecker, President and CEO /s/ Kenneth G. Mertz II ----------------------------------- Kenneth G. Mertz II /s/ Scott L. Rehr ----------------------------------- Scott L. Rehr /s/ Stacey L. Sears ----------------------------------- Stacey L. Sears /s/ Joseph E. Besecker ----------------------------------- Joseph E. Besecker /s/ Daniel W. Moyer IV ----------------------------------- Daniel W. Moyer IV /s/ Joseph W. Garner ----------------------------------- Joseph W. Garner /s/ Paul W. Ware ----------------------------------- Paul W. Ware May 2, 2001 -----END PRIVACY-ENHANCED MESSAGE-----