-----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, CW7x5qTqpVkH0l7JlmQDsNlnfw2LbRcnzmRJZKvN8/rkgxrZe3MAZ9EoBpRXtLTA r8mrLNk1NywDsIaFOi7bRQ== 0001043135-98-000002.txt : 19980218 0001043135-98-000002.hdr.sgml : 19980218 ACCESSION NUMBER: 0001043135-98-000002 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980213 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHANNELL COMMERCIAL CORP CENTRAL INDEX KEY: 0001013696 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 952453261 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-48509 FILM NUMBER: 98537991 BUSINESS ADDRESS: STREET 1: 26040 YNEZ ROAD CITY: TEMECULA STATE: CA ZIP: 92591-9022 BUSINESS PHONE: 9096949160 MAIL ADDRESS: STREET 1: CHANNELL COMMERCIAL CORP STREET 2: 26040 YNEZ ROAD CITY: TEMECULA STATE: CA ZIP: 92591-9022 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KERN CAPITAL MANAGEMENT LLC /ADV CENTRAL INDEX KEY: 0001043135 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133958232 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 114 WEST 47TH ST STREET 2: STE 1926 CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2129444726 MAIL ADDRESS: STREET 1: 114 WEST 47TH STREET STREET 2: SUITE 1926 CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: KERN CAPITAL MANAGEMENT LLC /ADV DATE OF NAME CHANGE: 19980209 SC 13G 1 13G - CHANNELL COMMERCIAL CORP. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. )* Channell Commercial Corp. ---------------------------------------------- (Name of Issuer) Common Stock ---------------------------------------------- (Title of Class of Securities) 159186105 ---------------------------------------------- (CUSIP Number) Check the following box if a fee is being paid with this statement / /. (A fee is not required only if the filing 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.) *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). Page 1 of 7 Pages CUSIP No. 159186105 13G Page 2 of 7 Pages ------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO OF ABOVE PERSON Kern Capital Management, LLC 13-3958232 -------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / -------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY 551,300 OWNED BY ----------------------------------- EACH 6 SHARED VOTING POWER REPORTING PERSON WITH -- ----------------------------------- 7 SOLE DISPOSITIVE POWER 551,300 ----------------------------------- 8 SHARED DISPOSITIVE POWER -- --------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 551,300 --------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* -- --------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.97% --------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA --------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 159186105 13G Page 3 of 7 Pages ------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO OF ABOVE PERSON Robert E Kern Jr. -------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / -------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. -------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY 551,300 (See Schedule Item 4 OWNED BY Incorporated By Reference) EACH ----------------------------------- REPORTING 6 SHARED VOTING POWER PERSON WITH -- ----------------------------------- 7 SOLE DISPOSITIVE POWER 551,300 (See Schedule Item 4 Incorporated By Reference) ----------------------------------- 8 SHARED DISPOSITIVE POWER -- --------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 551,300 (See Schedule Item 4 Incorporated By Reference) --------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* -- --------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.97% --------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA, IN --------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 159186105 13G Page 4 of 7 Pages ------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO OF ABOVE PERSON David G. Kern -------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / -------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. -------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY 551,300 (See Schedule Item 4 OWNED BY Incorporated By Reference) EACH ----------------------------------- REPORTING 6 SHARED VOTING POWER PERSON WITH -- ----------------------------------- 7 SOLE DISPOSITIVE POWER 551,300 (See Schedule Item 4 Incorporated By Reference) ----------------------------------- 8 SHARED DISPOSITIVE POWER -- --------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 551,300 (See Schedule Item 4 Incorporated By Reference) --------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* -- --------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.97% --------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA, IN --------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP NO. 159186105 SCHEDULE 13G Page 5 of 7 Pages ITEM 1 (a) . NAME OF ISSUER: Channell Commercial Corp. ITEM 1 (b) . ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 26040 Ynez Road Temecula, CA 92591 ITEM 2 (c) . NAME OF PERSON FILING: Kern Capital Management, LLC ("KCM"), Robert E. Kern Jr. (R. Kern) and David G. Kern (D. Kern). R. Kern, D. Kern are Principals and controlling members of KCM. ITEM 2 (b) . ADDRESS OR PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the principal business office of each reporting person is 114 West 47th Street, Suite 1926, New York, NY 10036. ITEM 2 (c) . CITIZENSHIP: Reference is made to Item 4 of each of the cover page of this Schedule, which Items are incorporated by reference herein. ITEM 2 (d) . TITLE OF CLASS OF SECURITIES: Common Stock ITEM 2 (e) . CUSIP NUMBER: 159186105 ITEM 3 . THE PERSONS FILING THIS SCHEDULE, PURSUANT TO PARAGRAPH 240.13d-1(b) ARE A: (X) Investment Adviser registered under section 203 of the Investment Advisers Act of 1940. ITEM 4. OWNERSHIP: Reference is made to Items 5-9 and 11 of cover pages which Items are incorporated by reference herein. R. Kern and D. Kern as controlling members of KCM may be deemed the beneficial owner of the securities of the company owned by KCM as of December 31, 1997 in that they might be deemed to share the power to direct the voting or disposition of the securities. Neither the filing of this Schedule nor any of its contents shall be deemed to constitute an admission that either R. Kern or D. Kern is, for any purpose, the beneficial owner of any such securities to which this Schedule relates, and such beneficial ownership is expressly denied. ITEM 5. OWNERSHIP OF MORE THAN FIVE PERCENT OR LESS OF A CLASS: Not applicable. Page 6 of 7 Pages ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: The shares reported are held in institutional accounts for the economic benefit of the beneficiaries of those accounts. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP: Not applicable. ITEM 10. CERTIFICATION: BY SIGNING BELOW I CERTIFY THAT, TO THE BEST OF MY KNOWLEDGE AND BELIEF, THE SECURITIES REFERRED TO ABOVE WERE ACQUIRED IN THE ORDINARY COURSE OF BUSINESS AND WERE NOT ACQUIRED FOR THE PURPOSE OF AND DO NOT HAVE THE EFFECT OF CHANGING OR INFLUENCING THE CONTROL OF THE ISSUER OF SUCH SECUTITIES AND WERE NOT ACQUIRED IN CONNECTION WITH OR AS A PARTICIPANT IN ANY TRANSACTION HAVING SUCH PURPOSES 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. 2/13/98 /s/ John J. Crimmins - -------------------- By: ------------------------------------ DATED John J. Crimmins Senior Vice President Chief Financial & Operations Officer Kern Capital Management LLC /s/ Robert E. Kern Jr. By: ------------------------------------ Robert E. Kern Jr. /s/ David G. Kern By: ------------------------------------ David G. Kern CUSIP NO. 159186105 SCHEDULE 13G Page 7 of 7 Pages EXHIBIT 1 AGREEMENT AS TO JOINT FILING OF SCHEDULE 13G This agreement is made pursuant to Rule 13d-1(f)(1) under the Securities and Exchange Act of 1934, as amended (the "Act"), by and among the parties listed below, each referred to herein as "Joint Filer". The Joint Filers agree that a statement of beneficial ownership as required by Section 13(d) of the Act and the Rules thereunder may be filed on each of their behalf on Schedule 13G and that said joint filing may thereafter be amended by further joint filings. The Joint Filers state that they each satisfy the requirements for making a joint filing under rule 13d-1. 2/13/98 /s/ John J. Crimmins - -------------------- By: ------------------------------------ DATED John J. Crimmins Senior Vice President Chief Financial & Operations Officer Kern Capital Management LLC /s/ Robert E. Kern Jr. By: ------------------------------------ Robert E. Kern Jr. /s/ David G. Kern By: ------------------------------------ David G. Kern -----END PRIVACY-ENHANCED MESSAGE-----