-----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, ActhZu9XSe/F+yBSymPSYRpsSK4iPqYI/+uthDkAMHh4+PbG7TbJYwf3NqDJ1XCE R4/qWxyJdaowabhwGmpQYQ== 0001169232-09-000736.txt : 20090211 0001169232-09-000736.hdr.sgml : 20090211 20090211150627 ACCESSION NUMBER: 0001169232-09-000736 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090211 DATE AS OF CHANGE: 20090211 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MEDICAL ACTION INDUSTRIES INC CENTRAL INDEX KEY: 0000748270 STANDARD INDUSTRIAL CLASSIFICATION: ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842] IRS NUMBER: 112421849 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-77969 FILM NUMBER: 09589427 BUSINESS ADDRESS: STREET 1: 800 PRIME PL CITY: HAUPPAUGE STATE: NY ZIP: 11788 BUSINESS PHONE: 5162314600 MAIL ADDRESS: STREET 1: 150 MOTOR PKWY STREET 2: STE 205 CITY: HAUPPAUGE STATE: NY ZIP: 11788 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PALISADE CAPITAL MANAGEMENT LLC/NJ CENTRAL INDEX KEY: 0001009006 IRS NUMBER: 223330049 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: ONE BRIDGE PLAZA STREET 2: SUITE 695 CITY: FORT LEE STATE: NJ ZIP: 07024 BUSINESS PHONE: 2015857733 MAIL ADDRESS: STREET 1: 1 BRIDGE PLAZA STREET 2: SUITE 695 CITY: FORT LEE STATE: NJ ZIP: 07024 SC 13G/A 1 d76090_sc13g-a.htm AMENDMENT NO. 1 TO SCHEDULE 13G


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 

(Amendment No. 1 )*

 

 

Medical Action Industries, Inc.

(Name of Issuer)

 

Common Stock ($0.001 par value)

(Title of Class of Securities)

 

58449L100

(CUSIP Number)

 

December 31st, 2008

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed:

x (Rule 13d-1(b)

o Rule 13d-1(c)

o Rule 13d-1(d)

 

*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 the disclosures provided in a prior cover page.

 

The information required in 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).

 


CUSIP NO. 58449L100

 

1.           Names of Reporting Persons. Palisade Capital Management, L.L.C.

I.R.S. Identification Nos. Of Above Persons (entities only): 22-3330049

 

2.          Check the Appropriate Box if a Member of a Group (See Instructions) N/A

(a)o     (b)o

 

3.          SEC Use Only

 

4.          Citizenship or Place of Organization: New Jersey

 




Number of Shares
Beneficially Owned
by Each Reporting
Person With:

 

5. Sole Voting Power              767,000

6. Shared Voting Power              N/A

7. Sole Dispositive Power          767,000

8. Shared Dispositive Power      N/A

9.          Aggregate Amount Beneficially Owned by Each Reporting Person: 767,000

 

10.       Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): N/A

 

11.        Percent of Class Represented by Amount in Row (9): 4.79%

 

12.        Type of Reporting Person (See Instructions): IA

 

 

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Item 1.

 

   (a) Name Of Issuer: Medical Action Industries Inc.

 

(b) Address of Issuer’s Principal Executive Offices: 800 Prime Pl., Hauppauge, NY 11788

Item 2.

 

(a) Name of Person Filing: Palisade Capital Management, L.L.C.

 

(b) Address of Principal Business Office or, if none, Residence: One Bridge Plaza, Suite 695, Fort Lee, NJ 07024

 

(c) Citizenship: New Jersey

(d) Title of Class of Securities: Common Stock ($0.001 par value)

(e) CUSIP Number: 58449L100

 

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)       o Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);

 

 

(b)

o Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);

 

(c)       o Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);

 

(d)       o Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

 

(e)       x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

(f)        o An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

(g)       o A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

 

(h)       o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

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(i)       o A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

(j)       o Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

Item 4. Ownership.

 

 

(a)

Amount beneficially owned: 767,000

 

 

(b)

Percent of Class: 4.79%

 

 

(c)

Number of shares as to which the person has:

 

 

(i)

Sole power to vote or to direct the vote                      767,000

 

 

(ii)

Shared power to vote or to direct the vote

N/A

 

 

(iii)

Sole power to dispose or to direct the disposition of     767,000

 

 

(iv)

Shared power to dispose or to direct the disposition of

N/A

 

Item 5. Ownership of Five Percent or Less of a Class.

 

 

If this statement is being filed to report the fact that as of the date herof, the reporting person has ceased to be the benefical owner of more than five percent of the class of securities, check the following x

 

Item 6. Ownership of More Than Five Percent on Behalf of Another Person.

 

N/A

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

 

N/A

 

Item 8. Identification and Classification of Members of the Group.

 

 

N/A

 

Item 9. Notice of Dissolution of Group.

 

 

N/A

 

 

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Item 10. Certification.

 

By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of such securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

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.

 

February 10, 2009

Date

 

Palisade Capital Management, LLC

 

    /s/ Jack Feiler            

 

Jack Feiler, Member

 

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations

(See 18 U.S.C. 1001)

 

 

 

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