-----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, JRsZsWULN9DjxpamoilsP6xL4edSjUXcFY5YT7EW0IX/khTXUl7RaG7q1zOGYnlU T7swd8Tt4B1BJA3Lf0KbUQ== 0000950152-02-001156.txt : 20020414 0000950152-02-001156.hdr.sgml : 20020414 ACCESSION NUMBER: 0000950152-02-001156 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020214 GROUP MEMBERS: FIFTH THIRD/MAXUS INVESTMENT ADVISORS GROUP MEMBERS: RICHARD A. BARONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OLYMPIC STEEL INC CENTRAL INDEX KEY: 0000917470 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-METALS SERVICE CENTERS & OFFICES [5051] IRS NUMBER: 341245650 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45936 FILM NUMBER: 02546050 BUSINESS ADDRESS: STREET 1: 5080 RICHMOND RD CITY: BEDFORD HEIGHTS STATE: OH ZIP: 44146 BUSINESS PHONE: 2162923800 MAIL ADDRESS: STREET 1: 5096 RICHMOND RD CITY: BEDFORD HIEGHTS STATE: OH ZIP: 44146 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MAXUS INVESTMENT GROUP CENTRAL INDEX KEY: 0000924473 IRS NUMBER: 341049596 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 28601 CHAGRIN BLVD STREET 2: # 500 CITY: CLEVELAND STATE: OH ZIP: 44141 BUSINESS PHONE: 2162923434 MAIL ADDRESS: STREET 1: 28601 CHAGRIN BLVD STREET 2: STE 500 CITY: CLEVELAND STATE: OH ZIP: 44141 SC 13D/A 1 l92806asc13da.txt OLYMPIC STEEL/MAXUS INVESTMENT SC 13D/A OMB APPROVAL -------------------------- OMB Number: 3235-0145 Expires: October 31, 1994 Estimated average burden hours per form..... 14.90 -------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3 )* - OLYMPIC STEEL, INC - -------------------------------------------------------------------------------- (Name of Issuer) COMMON SHARES - -------------------------------------------------------------------------------- (Title of Class of Securities) 681-62K-106 ----------------- (CUSIP Number) Robert W. Curtin MAXUS INVESTMENT GROUP 1404 EAST NINTH STREET CLEVELAND, OHIO 44114 (216) 274-5368 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notice and Communications) February 13, 2002 -------------------------------------------------------- (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 |__|. Check the following box if a fee is being paid with the statement |___|. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). 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 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. 681-62K-106 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Maxus Investment Group / ID # 34-1049596 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF -0- SHARES BENEFICIALLY ------------------------------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH -0- REPORTING ------------------------------------------------------------ PERSON 9 SOLE DISPOSITIVE POWER WITH -0- ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IA - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEM 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D - ------------------------------------------------------------------------------- CUSIP NO. 681-62K-106 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Fifth Third/Maxus Investment Advisors / ID # 34-1654250 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Ohio - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF -0- SHARES BENEFICIALLY ------------------------------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH -0- REPORTING ------------------------------------------------------------ PERSON 9 SOLE DISPOSITIVE POWER WITH -0- ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0 % - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IA - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEM 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D - ------------------------------------------------------------------------------- CUSIP NO. 681-62K-106 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Richard A. Barone / SS # ###-##-#### - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Ohio - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF -0- SHARES BENEFICIALLY ------------------------------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH -0- REPORTING ------------------------------------------------------------ PERSON 9 SOLE DISPOSITIVE POWER WITH -0- ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0 % - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEM 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. Amendment to Schedule 13D Item 1. Security and Issuer This Statement relates to the shares of Common Stock (the "Shares") of Olympic Steel, Inc. The address of Issuer's principal officers is 5080 Richmond Road, Bedford Heights, Ohio 44146. Item 2. Identity and Background This Amendment Statement is filed on behalf of all persons and entities and participants formerly of Resource Management, Inc., an entity incorporated under the laws of the State of Ohio and commonly known as the Maxus Investment Group (hereinafter "MIG"), Richard A. Barone, an individual (hereinafter "Mr. Barone"), Gelfand Maxus Asset Management Inc, an entity incorporated under the laws of the State of Ohio (hereinafter "GMAM") and Maxus Securities Corp, an entity incorporated under the laws of the State of Ohio (hereinafter "MSC"). The aforementioned person and entities were collectively referred to herein as the "Filing Persons". The business address of the aforementioned person and entities is 1404 East Ninth Street, Cleveland, Ohio 44114. MIG AND ITS AFFILIATES HAVE BEEN ACQUIRED IN A MERGER WITH FIFTH THIRD BANK. HENCEFORTH, ALL FUTURE FILINGS WILL BE DONE BY THE BANK AND NO FURTHER FILINGS WILL BE FILED BY MAXUS INVESTMENT GROUP. PLEASE REFER TO FILINGS BY FIFTH THIRD BANK AND RICHARD BARONE FOR FUTURE INFORMATION. The Filing Persons each disclaim membership in a Group as such term is defined in Section 13(d)(3) of the Securities Exchange Act of 1934 and the Rules and Regulations promulgated thereunder. However, because of the relationships between and among the Filing Persons described herein, they determined to make this filing. GMAM and MAM were registered investment advisors having the power to dispose of the Shares owned by the investment clients for which they act as advisors. MSC was a broker-dealer. MIG was a financial services corporation which owns all of the outstanding shares of GMAM, MAM and MSC. Mr. Barone was a director of GMAM; the controlling shareholder of MIG; principally employed as CEO and President of MIG, MAM and MSC; Chairman of Maxus Income Fund, Maxus Equity Fund, Maxus Laureate Fund, Maxus Ohio Heartland Fund, and Maxus Aggressive Value Fund, all of which were registered under the Investment Company Act of 1940. See Amended Exhibit A attached to this amended Schedule 13D for additional information on executive officers. Item 3. Source and Amount of Funds or Other Consideration GMAM owns no Shares directly but GMAM may be deemed to own (within the meaning of Rule 13(d)(3) of the Securities Exchange Act of 1934) -0- Shares purchased by GMAM for the account of its investment clients. GMAM disclaims beneficial ownership of such Shares. Item 4. Purpose of Transaction The Filing Persons acquired Shares to establish investment positions in the Issuer. Subject to market and business conditions and other factors, the Filing Persons may intend to purchase additional Shares. However, depending upon such factors, the Filing Persons may also maintain their present ownership of Shares or sell some or all of the Shares. Item 5. Interest in Securities of the Issuer Set forth below for the Filing Persons, in the aggregate, is the number of Shares which may be deemed to be beneficially owned as of December 31, 2001, and the percentage of the Shares outstanding represented by such ownership (based on 9,631,100 shares outstanding): Name: No. of Shares Percent of Class Gelfand Maxus Asset -0- 0 % Management, Inc.(1) Maxus Asset Management(2) -0- 0 % Total(3) -0- 0 % (1) These Shares are owned by investment clients of GMAM and MAM who may be deemed to beneficially own these Shares by reason of their power to dispose of such Shares under its Investment Management Agreement with such clients. GMAM disclaims beneficial ownership of all such Shares. (2) MAM disclaims beneficial ownership of all such Shares. Item 6. Contracts, Arrangements, Understanding or Relationships with Respect to Securities of the Issuer. Except as set forth in this Statement, there are no contracts, arrangements, understanding or relationships (legal or otherwise) among the Filing Persons or between any of the Filing Persons and any other person, with respect to any Shares. Item 7. Material to be Filed as Exhibits Exhibit A Description of Directors and Executive officers of GMAM, MAM and MIG, and MSC. Exhibit C Conforming Copy 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, compete and correct. Gelfand Maxus Asset Management Date: February 14, 2002 by: /s/ Denis J. Amato Denis J. Amato, President Maxus Asset Management Date: February 14, 2002 by: /s/ Denis J. Amato Denis J. Amato Maxus Investment Group Date: February 14, 2002 by:/s/ Fred D. DiSanto Fred D. DiSanto, President Maxus Securities Corp Date: February 14, 2002 by: /s/ Robert W. Curtin Robert W. Curtin, President Exhibit A Entity Directors (1), (2) Executive Officers - ---------------------- ------------------ ------------------------- Gelfand Maxus Asset Denis J. Amato Denis J. Amato, Management, Inc. President Robert W. Curtin, Secretary Fred D. DiSanto Fred D. DiSanto Maxus Asset Management Denis J. Amato Denis J. Amato President Fred D. DiSanto Fred D. DiSanto Robert W. Curtin, Secretary Maxus Investment Group Fred D. DiSanto Fred D. DiSanto, President Robert W. Curtin, Secretary & Sr. Vice- President Ivan Gelfand Ivan Gelfand, Chairman Denis J. Amato Denis J. Amato, Chief Investment Officer Maxus Securities Corp. Robert W. Curtin Robert W. Curtin, President Denis J. Amato Denis J. Amato Senior Vice President Robert F. Pincus Robert F. Pincus, Secretary (1) Each of the Directors and Executive Officers listed above is a United States citizen. (2) The business address of the Filing Persons are as follows: Denis J. Amato; Richard A. Barone; Robert W. Curtin; Fred D. DiSanto; Ivan Gelfand; Robert F. Pincus; Gelfand Maxus Asset Management, Inc.; Maxus Asset Management, Inc.; Maxus Investment Group; and Maxus Securities Corp.: 1404 East Ninth Street, Cleveland, Ohio 44114-1800. -----END PRIVACY-ENHANCED MESSAGE-----