-----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, As/+9bjB8HlyXlj6Olz7RG/oRMtMbFbxNW93MubEpM8lkn7P0Tql9VT0IOjpughL dkXp+4DQVciszQLQ2Kqepw== 0000909518-98-000524.txt : 19980810 0000909518-98-000524.hdr.sgml : 19980810 ACCESSION NUMBER: 0000909518-98-000524 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980807 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SALTON MAXIM HOUSEWARES INC CENTRAL INDEX KEY: 0000878280 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC HOUSEWARES & FANS [3634] IRS NUMBER: 363777824 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-42085 FILM NUMBER: 98679785 BUSINESS ADDRESS: STREET 1: 550 BUSINESS CENTER DR STREET 2: C/O KENSINGTON CENTER CITY: MOUNT PROSPECT STATE: IL ZIP: 60056 BUSINESS PHONE: 7088034600 MAIL ADDRESS: STREET 1: 550 BUSINESS CENTER DRIVE CITY: MT PROSPECT STATE: IL ZIP: 60056 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CENTRE PARTNERS II LLC CENTRAL INDEX KEY: 0001033304 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133866629 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 30 ROCKEFELLER PLAZA CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 2123325800 MAIL ADDRESS: STREET 1: 30 ROCKEFELLER PLAZA CITY: NEW YORK STATE: NY ZIP: 10020 SC 13D 1 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (Rule 13d-101) Under the Securities Exchange Act of 1934 INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) Salton/Maxim Housewares, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share 795757103 - ------------------------------------------------- ----------------------------- (Title of class of securities) (CUSIP number) Norman D. Chirite, Esq. Weil, Gotshal & Manges LLP 767 Fifth Avenue New York, NY 10153 (212) 310-8000 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) July 28, 1998 - -------------------------------------------------------------------------------- (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(e), 13d-1(f) or 13d-1(g), check the following box [_]. Note: Schedules filed in paper format should include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. (Continued on following pages) ================================================================================ NYFS08...:\60\34460\0037\2024\SCH8058P.52A
- -------------------------------------------------------- -------------------------------------- CUSIP No. 795757103 13D Page 2 of 20 - -------------------------------------------------------- -------------------------------------- - --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Centre Partners II LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] - (b) [_] - --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC - --------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT [_] TO ITEM 2(d) OR 2(e): - --------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF Delaware ORGANIZATION: - --------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ---------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 2,352,941 OWNED BY ---------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ---------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,352,441 - --------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 2,352,941 REPORTING PERSON: - --------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ] SHARES: - --------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 26.4% - --------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - --------------------------------------------------------------------------------------------------------- Page 2 of 20 Pages - -------------------------------------------------------- -------------------------------------- CUSIP No. 795757103 13D Page 3 of 20 - -------------------------------------------------------- -------------------------------------- - --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Centre Capital Investors II, L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] - (b) [_] - --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC - --------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT [_] TO ITEM 2(d) OR 2(e): - --------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF Delaware ORGANIZATION: - --------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ---------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 724,235 OWNED BY ---------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ---------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 724,235 - --------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 724,235 REPORTING PERSON: - --------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ] SHARES: - --------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.1% - --------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - --------------------------------------------------------------------------------------------------------- Page 3 of 20 Pages - -------------------------------------------------------- -------------------------------------- CUSIP No. 795757103 13D Page 4 of 20 - -------------------------------------------------------- -------------------------------------- - --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Centre Capital Tax-Exempt Investors II, L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] - (b) [_] - --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC - --------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT [_] TO ITEM 2(d) OR 2(e): - --------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF Delaware ORGANIZATION: - --------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ---------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 235,647 OWNED BY ---------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ---------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 235,647 - --------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 235,647 REPORTING PERSON: - --------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ] SHARES: - --------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.6% - --------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - --------------------------------------------------------------------------------------------------------- Page 4 of 20 Pages - -------------------------------------------------------- -------------------------------------- CUSIP No. 795757103 13D Page 5 of 20 - -------------------------------------------------------- -------------------------------------- - --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Centre Capital Offshore Investors II, L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] - (b) [_] - --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC - --------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT [_] TO ITEM 2(d) OR 2(e): - --------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF Bermuda ORGANIZATION: - --------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ---------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 157,588 OWNED BY ---------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ---------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 157,588 - --------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 157,588 REPORTING PERSON: - --------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ] SHARES: - --------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.8% - --------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - --------------------------------------------------------------------------------------------------------- Page 5 of 20 Pages - -------------------------------------------------------- -------------------------------------- CUSIP No. 795757103 13D Page 6 of 20 - -------------------------------------------------------- -------------------------------------- - --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Centre Partners Coinvestment, L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] - (b) [_] - --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC - --------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT [_] TO ITEM 2(d) OR 2(e): - --------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF Delaware ORGANIZATION: - --------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ---------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 124,529 OWNED BY ---------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ---------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 124,529 - --------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 124,529 REPORTING PERSON: - --------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ] SHARES: - --------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.4% - --------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - --------------------------------------------------------------------------------------------------------- Page 6 of 20 Pages - -------------------------------------------------------- -------------------------------------- CUSIP No. 795757103 13D Page 7 of 20 - -------------------------------------------------------- -------------------------------------- - --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Centre Parallel Management Partners, L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] - (b) [_] - --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC - --------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT [_] TO ITEM 2(d) OR 2(e): - --------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF Delaware ORGANIZATION: - --------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ---------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 11,118 OWNED BY ---------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ---------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 11,118 - --------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 11,118 REPORTING PERSON: - --------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ] SHARES: - --------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.1% - --------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - --------------------------------------------------------------------------------------------------------- Page 7 of 20 Pages - -------------------------------------------------------- -------------------------------------- CUSIP No. 795757103 13D Page 8 of 20 - -------------------------------------------------------- -------------------------------------- - --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Centre Partners Management LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] - (b) [_] - --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC - --------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT [_] TO ITEM 2(d) OR 2(e): - --------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF Delaware ORGANIZATION: - --------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ---------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 1,117,470 OWNED BY ---------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ---------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,117,470 - --------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 1,117,470 REPORTING PERSON: - --------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ] SHARES: - --------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 12.5% - --------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - --------------------------------------------------------------------------------------------------------- Page 8 of 20 Pages - -------------------------------------------------------- -------------------------------------- CUSIP No. 795757103 13D Page 9 of 20 - -------------------------------------------------------- -------------------------------------- - --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Centre Partners II, L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] - (b) [_] - --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC - --------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT [_] TO ITEM 2(d) OR 2(e): - --------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF Delaware ORGANIZATION: - --------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ---------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 1,117,470 OWNED BY ---------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ---------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,117,470 - --------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 1,117,470 REPORTING PERSON: - --------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ] SHARES: - --------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 12.5% - --------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - --------------------------------------------------------------------------------------------------------- Page 9 of 20 Pages - -------------------------------------------------------- -------------------------------------- CUSIP No. 795757103 13D Page 10 of 20 - -------------------------------------------------------- -------------------------------------- - --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: State Board of Administration of Florida I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] - (b) [_] - --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC - --------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT [_] TO ITEM 2(d) OR 2(e): - --------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF Florida ORGANIZATION: - --------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ---------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 1,099,824 OWNED BY ---------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ---------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,099,824 - --------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 1,099,824 REPORTING PERSON: - --------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ] SHARES: - --------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 12.3% - --------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - ---------------------------------------------------------------------------------------------------------
Page 10 of 20 Pages Item 1. Security and Issuer. This Statement relates to shares of common stock, $.01 par value per share (the "Common Stock") and shares of Series A Voting Convertible Preferred Stock (the "Preferred Stock"), of Salton/Maxim Housewares, Inc. (the "Corporation"). The Corporation's principal executive office is located at 550 Business Center Drive, Mt. Prospect, IL 60056. Item 2. Identity and Background. a. Name of Filing Person: (i) The "Centre Entities" Centre Partners II LLC Centre Capital Investors II, L.P. Centre Capital Tax-Exempt Investors II, L.P. Centre Capital Offshore Investors II, L.P. Centre Partners Coinvestment, L.P. Centre Parallel Management Partners, L.P. Centre Partners Management LLC Centre Partners II, L.P. (ii) State Board of Administration of Florida (the "State Board") b. Address of Principal Business Office: (i) The address of the Centre Entities other than Centre Capitol Offshore Investors II, L.P. is: c/o Centre Partners Management LLC 30 Rockefeller Plaza New York, NY 10020 The address of Centre Capital Offshore Investors II, L.P. is: c/o Reid Management Cedar House 41 Cedar Avenue Box HM 1179 Hamilton, Bermuda (ii) The address of the State Board is: c/o Centre Partners Management LLC 30 Rockefeller Plaza New York, NY 10020 Page 11 of 20 Pages c. Principal Business: The Centre Entities are engaged primarily in the business of investing and managing their investments. The State Board is engaged primarily in the business of public employee pension administration as an instrumentality of the State of Florida. d. Criminal Proceeding: Neither the Centre entities nor the State Board has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) during the past five years. e. Civil Proceeding: Neither the Centre Entities nor the State Board has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction 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 violations with respect to such laws during the past five years. f. Citizenship: All of the Centre Entities were organized in Delaware except Centre Capital Offshore Investors II, L.P. which was organized in Bermuda. The State Board was organized in Florida. g. Managing Directors: Messrs. Jonathan H. Kagan, Lester Pollack, Bruce G. Pollack, David Golub and Paul Zepf (the "Members") are each members of Centre Partners II LLC ("Centre Partners") and Centre Partners Management LLC ("Centre Management"). The business address for each of them is c/o Centre Partners Management LLC, 30 Rockefeller Plaza, New York, New York, 10020 and each is a citizen of the United States. None of the Members (i) has been convicted in criminal proceeding or (ii) was party to a civil proceeding of a judicial or administrative body of competent jurisdiction 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. The Members are engaged primarily in the business of private investing and investment management. Item 3. Source and Amount of Funds or Other Consideration. On July 28, 1998, Centre Capital Investors II, L.P. ("CCI II"), Centre Capital Tax-Exempt Investors II, L.P. ("Centre Tax-Exempt"), Centre Capital Offshore Investors II, L.P. ("Centre Offshore"), Centre Parallel Management Partners, L.P. ("Centre Parallel"), Centre Partners Coinvestment, L.P. ("Centre Coinvestment") and the State Board collectively paid Page 12 of 20 Pages the Corporation $40,000,000 in cash to purchase 40,000 shares of the Preferred Stock at a purchase price of $1,000 per share. Each share of Preferred Stock is convertible at any time (subject to mandatory conversion on September 15, 2008) into that number of shares of Common Stock obtained by dividing $1,000 by the conversion price in effect at such time. As of the date hereof, the conversion price is $17.00. The source of the funds used to make this purchase were obtained from working capital. Item 4. Purpose of Transaction. The Centre Entities and the State Board acquired their shares of Preferred Stock for the purposes of investment and to obtain an equity interest in the Corporation. Neither the Centre Entities nor the State Board has any present plan or proposal as stockholders which relate to, or would result in any action with respect to, the matters listed in paragraphs (b) through (j) of Item 4 of Schedule 13D. In the future, any of the Centre Entities or the State Board may dispose of shares of Preferred Stock or purchase additional shares of the Preferred Stock of the Corporation in private transactions. Item 5. Interest in Securities of the Issuer. (a) As of July 24, 1998, the Corporation had issued and outstanding 13,103,644 shares of Common Stock. As of such date the Corporation had no issued and outstanding shares of Preferred Stock. On July 28, 1998 the Corporation repurchased from Windmere-Durable Holdings, Inc. 6,535,072 shares of Common Stock. As of the date hereof, the 40,000 shares of Preferred Stock outstanding are convertible into 2,352,941 shares of Common Stock. The responses to Items 11 and 13 on each of pages 2-10 hereof which relate to beneficial ownership of shares of Common Stock with respect to each reporting person are incorporated herein by reference. (b) The responses to Items 7-11 on each of pages 2-10 hereof which relate to voting and disposition of shares of Common Stock with respect to each reporting person are incorporated herein by reference. Centre Partners is the general partner of Centre Coinvestment and Centre Parallel and the general partner of the general partner of CCI II, Centre Tax-Exempt and Centre Offshore, which are the holders of record of the following amounts of Preferred Stock: Page 13 of 20 Pages Preferred Stock --------------- Centre Partners Coinvestment, L.P. 2,117 Centre Capital Investors II, L.P. 12,312 Centre Capital Tax-Exempt Investors II, L.P. 4,006 Centre Capital Offshore Investors II, L.P. 2,679 Centre Parallel Management Partners, L.P. 189 ------------------- TOTAL 21,303 In addition, pursuant to certain investment management arrangements, Centre Partners has been delegated voting and dispositive power with respect to the 18,697 shares of Preferred Stock owned by the State Board. Thus, Centre Partners may be deemed to beneficially own and have voting and dispositive power over a total of 40,000 shares of Preferred Stock. Centre Partners II, L.P. is the general partner of Centre Offshore, Centre Tax-Exempt and CCI II, which are the holders of record of the following amounts of Preferred Stock: Preferred Stock --------------- Centre Capital Offshore Investors II, L.P. 2,679 Centre Capital Tax-Exempt Investors II, L.P. 4,006 Centre Capital Investors II, L.P. 12,312 ---------------------- TOTAL 18,997 Thus, Centre Partners II, L.P. may be deemed to beneficially own and have voting and dispositive power over a total of 18,997 shares of Preferred Stock. Pursuant to a Management Agreement, Centre Management has been delegated voting and dispositive power with respect to shares owned by CCI II, Centre Offshore and Centre Tax-Exempt, which are the holders of record of the following amounts of Preferred Stock: Preferred Stock --------------- Centre Capital Investors II, L.P. 12,312 Centre Capital Tax-Exempt Investors II, L.P. 4,006 Centre Capital Offshore Investors II, L.P. 2,679 --------------------- TOTAL 18,997 Thus, Centre Management has been delegated voting and dispositive power with respect to a total of 18,997 shares of Preferred Stock. Page 14 of 20 Pages All of the Members disclaim any beneficial ownership of any of the shares of Preferred Stock reported herein except to the extent of their economic interest therein. (c) See Item 3. (d) See Item 5(b). (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. See Item 5(b). Item 7. Materials to be Filed as Exhibits. Exhibit A - Stock Purchase Agreement, dated July 15, 1998, by and among the Corporation and each of the parties listed on Schedule I thereto, incorporated by reference to Exhibit 10.1 to the Form 8-K of the Corporation dated July 15, 1998 (File No. 0-19557). Exhibit B - Registration Rights Agreement, dated July 15, 1998, by and among the Corporation and each of the parties listed on the signature pages thereto under the caption "Purchasers", incorporated by reference to Exhibit 10.7 to the Form 8-K of the Corporation dated July 28, 1998 (File No. 0-19557). Exhibit C - A copy of a written agreement relating to the filing of a joint statement as required by Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended. Page 15 of 20 Pages SIGNATURE --------- After reasonable inquiry and to the best of his or her knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: August 7, 1998 CENTRE PARTNERS II LLC By: /s/ Bruce G. Pollack --------------------------------------- Bruce G. Pollack, Managing Director CENTRE CAPITAL INVESTORS II, L.P. CENTRE CAPITAL TAX-EXEMPT INVESTORS II, L.P. CENTRE CAPITAL OFFSHORE INVESTORS II, L.P. By: Centre Partners II, L.P., as its General Partner By: Centre Partners Management LLC, as Attorney-in-fact By: /s/ Bruce G. Pollack ---------------------------- Bruce G. Pollack, Managing Director CENTRE PARALLEL MANAGEMENT PARTNERS, L.P. CENTRE PARTNERS COINVESTMENT, L.P. By: Centre Partners II LLC, as its General Partner By: /s/ Bruce G. Pollack -------------------------------- Bruce G. Pollack, Managing Director CENTRE PARTNERS MANAGEMENT LLC By: /s/ Bruce G. Pollack -------------------------------------- Bruce G. Pollack, Managing Director Page 16 of 20 Pages CENTRE PARTNERS II, L.P. By: Centre Partners Management LLC, as Attorney-in-fact By: /s/ Bruce G. Pollack --------------------------------- Bruce G. Pollack, Managing Director STATE BOARD OF ADMINISTRATION OF FLORIDA By: Centre Parallel Management Partners, L.P. Manager By: Centre Partners Manager LLC, as Attorney-in-fact By: /s/ Bruce G. Pollack -------------------------- Bruce G. Pollack, Managing Director Page 17 of 20 Pages EXHIBIT INDEX Exhibit Page No. - ------- -------- A. Stock Purchase Agreement, dated July 15, 1998, by and among the Corporation and each of the parties listed on Schedule I thereto, incorporated by reference to Exhibit 10.1 to the Form 8-K of the Corporation dated July 15, 1998 (File No. 0- 19557). B. Registration Rights Agreement, dated July 15, 1998, by and among the Corporation and each of the parties listed on the signature pages thereto under the caption "Purchasers", incorporated by reference to Exhibit 10.7 to the Form 8-K of the Corporation dated July 28, 1998 (File No. 0-19557). C. Agreement relating to the filing of a joint statement as required by Rule 14d-1(f) under the Securities Exchange Act of 1934, as amended 19 Page 18 of 20 Pages EX-99 2 EXHIBIT C AGREEMENT REGARDING JOINT FILING This will confirm the agreement by and between the undersigned that the Schedule 13D filed on or about this date with respect to the beneficial ownership of the undersigned of shares of Series A Voting Convertible Preferred Stock of Salton/Maxim Housewares, Inc. is being filed, and all further amendments thereto will be filed, jointly on behalf of each of the entities named below for all purposes specified in such Schedule 13D, as so amended. This Agreement may be executed on two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Dated: August 7, 1998 CENTRE PARTNERS II LLC By: /s/ Bruce G. Pollack --------------------------------------- Bruce G. Pollack, Managing Director CENTRE CAPITAL INVESTORS II, L.P. CENTRE CAPITAL TAX-EXEMPT INVESTORS II, L.P. CENTRE CAPITAL OFFSHORE INVESTORS II, L.P. By: Centre Partners II, L.P., as its General Partner By: Centre Partners Management LLC, as Attorney-in-fact By: /s/ Bruce G. Pollack ---------------------------- Bruce G. Pollack, Managing Director CENTRE PARALLEL MANAGEMENT PARTNERS, L.P. CENTRE PARTNERS COINVESTMENT, L.P. By: Centre Partners II LLC, as its General Partner By: /s/ Bruce G. Pollack -------------------------------- Bruce G. Pollack, Managing Director CENTRE PARTNERS MANAGEMENT LLC By: /s/ Bruce G. Pollack -------------------------------------- Bruce G. Pollack, Managing Director Page 19 of 20 Pages CENTRE PARTNERS II, L.P. By: Centre Partners Management LLC, as Attorney-in-fact By: /s/ Bruce G. Pollack --------------------------------- Bruce G. Pollack, Managing Director STATE BOARD OF ADMINISTRATION OF FLORIDA By: Centre Parallel Management Partners, L.P. Manager By: Centre Partners Manager LLC, as Attorney-in-fact By: /s/ Bruce G. Pollack -------------------------- Bruce G. Pollack, Managing Director Page 20 of 20 Pages -----END PRIVACY-ENHANCED MESSAGE-----