-----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, JlodVpSw2M8ZCYVpCby3kRLtFi9P0NAgQOZ1wmPpJTaNPdJJgvTMYEWwdZ91V5Bh /mBo0SM22rJTFRrBQzVoyQ== 0001327954-05-000029.txt : 20051013 0001327954-05-000029.hdr.sgml : 20051013 20051013153100 ACCESSION NUMBER: 0001327954-05-000029 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20051013 DATE AS OF CHANGE: 20051013 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BADGER PAPER MILLS INC CENTRAL INDEX KEY: 0000009096 STANDARD INDUSTRIAL CLASSIFICATION: PAPER MILLS [2621] IRS NUMBER: 390143840 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-20732 FILM NUMBER: 051136872 BUSINESS ADDRESS: STREET 1: 200 W FRONT ST STREET 2: PO BOX 149 CITY: PESHTIGO STATE: WI ZIP: 54157 BUSINESS PHONE: 7155824551 MAIL ADDRESS: STREET 1: 200 WEST FRONT ST STREET 2: PO BOX 149 CITY: PESHTIGO STATE: WI ZIP: 541570149 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AZZAR JAMES D CENTRAL INDEX KEY: 0001011110 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 6162473611 MAIL ADDRESS: STREET 1: 208 PIONEER CLUB RD CITY: EAST GRAND RAPIDS STATE: MI ZIP: 49506 SC 13D/A 1 thirteenda.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (Amendment No. 2) Under the Securities Exchange Act of 1934* Badger Paper Mills Inc. - ----------------------------------------------------------------------------- (Name of Issuer) Common Stock - ----------------------------------------------------------------------------- (Title of Class of Securities) 056543101 - ----------------------------------------------------------------------------- (CUSIP Number) Robert C. Shaver, 161 Ottawa Avenue NW, Suite 600 Waters Bldg., Grand Rapids, Michigan 49503 616-233-5143 - ----------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 13, 2005 - ----------------------------------------------------------------------------- (Dates of Events which Require 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 ss. 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 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 the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP No. 056543101 - ----------------------------------------------------------------------------- (1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons (entities only). Bomarko, Inc. (36-2662378) - ----------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) |X| (b) |_| - ----------------------------------------------------------------------------- (3) SEC Use Only - ----------------------------------------------------------------------------- (4) Source of Funds (See instructions) PF - ----------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) |_| - ----------------------------------------------------------------------------- (6) Citizenship or Place of Organization Delaware - ----------------------------------------------------------------------------- Number of (7) Sole Voting Power 282,664 Shares Bene- ----------------------------------------------------- ficially (8) Shared Voting Power Owned by ----------------------------------------------------- Each Report- (9) Sole Dispositive Power 282,664 ing Person ------------------------------------------------------ With (10) Shared Dispositive Power - ----------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 282,664 - ----------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) |_| - ----------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 13.7% - ----------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO CUSIP No. 056543101 - ----------------------------------------------------------------------------- (1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons (entities only). Extrusions Division, Inc. (38-2108063) - ----------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) |X| (b) |_| - ----------------------------------------------------------------------------- (3) SEC Use Only - ----------------------------------------------------------------------------- (4) Source of Funds (See instructions) PF - ----------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) |_| - ----------------------------------------------------------------------------- (6) Citizenship or Place of Organization Michigan - ----------------------------------------------------------------------------- Number of (7) Sole Voting Power 200 Shares Bene- ----------------------------------------------------- ficially (8) Shared Voting Power Owned by ----------------------------------------------------- Each Report- (9) Sole Dispositive Power 200 ing Person ------------------------------------------------------ With (10) Shared Dispositive Power - ----------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 200 - ----------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) |_| - ----------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0.0% - ----------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO CUSIP No. 056543101 - ----------------------------------------------------------------------------- (1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons (entities only). James D. Azzar - ----------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) |X| (b) |_| - ----------------------------------------------------------------------------- (3) SEC Use Only - ----------------------------------------------------------------------------- (4) Source of Funds (See instructions) PF - ----------------------------------------------------------------------------- (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 515,087* Shares Bene- ----------------------------------------------------- ficially (8) Shared Voting Power Owned by ----------------------------------------------------- Each Report- (9) Sole Dispositive Power 515,087* ing Person ------------------------------------------------------ With (10) Shared Dispositive Power - ----------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 515,087* - ----------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) |_| - ----------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 25.04% - ----------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) IN *Includes shares beneficially owned by Bomarko Inc. and Extrusions Division, Inc. This Amendment No. 2 amends and supplements the Statement on Schedule 13D filed on September 29, 2005 by (i) Bomarko, Inc., a Delaware corporation; (ii) Extrusions Division, Inc., a Michigan corporation; and (iii) James D. Azzar, an individual (collectively the "Reporting Persons") relating the common stock, no par value, of Badger Paper Mills, Inc., a Wisconsin corporation. Item 4. Purpose of Transaction Item 4 of the Schedule 13D filed on September 29, 2005 is hereby restated and supplemented as follows: The common stock owned by the Reporting Persons has been acquired by the Reporting Persons for investment purposes. In this regard, on or about July 1, 2005, the Reporting Persons learned that the Issuer had taken measures to market itself for sale, at which time, the Reporting Persons owned 418,836 shares of common stock of Issuer, representing approximately 20% of Issuer's total outstanding common stock. Thereafter, acquisition of additional shares of Issuer was for investment purposes and with the intent to increase the Filing Person's impact on matters submitted to shareholders for approval. The Filing Persons did not acquire the shares of Issuer for the purpose of influencing control over the day to day operations of Issuer. On September 20, 2005, the Issuer entered into a Letter of Intent (the LOI) with James D. Azzar (Mr. Azzar) providing for the acquisition of the Issuer by Mr. Azzar through a merger transaction with an entity to be formed by Mr. Azzar (Newco). The LOI provided that shareholders would receive cash consideration of $1.25 per share of the Company's common stock, no par value. The LOI was subject to the negotiation and execution of a definitive plan of merger and merger agreement. The LOI provided that there was no financing contingency to Mr. Azzar's obligations and that Mr. Azzar would personally guaranty the obligations of Newco under the merger agreement. The LOI granted Mr. Azzar the right to participate in and consent to the day- to-day operations of the Issuer during the period following the execution of the merger agreement and required that management continue to operate the Issuer in its ordinary course consistent with past practice prior to consummation of the merger. The Issuer agreed to terminate all negotiations with other parties regarding a change in control of the Issuer, or the transfer or disposition of its assets. By October 11, 2005, Mr. Azzar and the Issuer had been unable to successfully negotiate a mutually acceptable merger agreement and, accordingly, on October 11, 2005, Mr. Azzar notified Issuer that he considered the LOI terminated. The Filing Persons remain interested in acquiring Issuer or Issuer's business and assets. 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 correct. Date: October 13, 2005 Bomarko, Inc. By: /s/ James D. Azzar James D. Azzar President Extrusions Division, Inc. By: /s/ James D. Azzar James D. Azzar President /s/ James D. Azzar 5 -----END PRIVACY-ENHANCED MESSAGE-----