-----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, J3Mf2gvcOfsztr70GcIfg2PmuFTb8SPdxtMHPI2Dj+gulJHItrBhixVqgNbHnuSd 7/f6mHUfSXqAmaSUOz7z4w== 0000950110-97-000155.txt : 19970120 0000950110-97-000155.hdr.sgml : 19970120 ACCESSION NUMBER: 0000950110-97-000155 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970117 SROS: NONE GROUP MEMBERS: WYNNEFIELD PARTNERS SMALL CAP VALUE LP GROUP MEMBERS: WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MAXWELL SHOE CO INC CENTRAL INDEX KEY: 0000918578 STANDARD INDUSTRIAL CLASSIFICATION: FOOTWEAR, (NO RUBBER) [3140] IRS NUMBER: 042599205 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-43801 FILM NUMBER: 97507443 BUSINESS ADDRESS: STREET 1: 101 SPRAGUE STREET STREET 2: P O BOX 37 CITY: READVILLE STATE: MA ZIP: 02137 BUSINESS PHONE: 6173645090 MAIL ADDRESS: STREET 1: 101 SPRAGUE STREET STREET 2: P O BOX 37 CITY: READVILLE STATE: MA ZIP: 02137 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WYNNEFIELD PARTNERS SMALL CAP VALUE LP CENTRAL INDEX KEY: 0000899083 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133688497 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: ONE PENN PLAZA STREET 2: SUITE 4720 CITY: NEW YORK STATE: NY ZIP: 10119 BUSINESS PHONE: 2127600814 MAIL ADDRESS: STREET 1: ONE PENN PLAZA STREET 2: SUITE 4720 CITY: NEW YORK STATE: NY ZIP: 10119 SC 13D 1 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 MAXWELL SHOE COMPANY INC. ------------------------- (NAME OF ISSUER) CLASS A COMMON STOCK, PAR VALUE $.01 PER SHARE ---------------------------------------------- (TITLE OF CLASS OF SECURITIES) 577766 10 8 ------------- (CUSIP Number) Nelson Obus, Wynnefield Partners Small Cap Value, L.P. One Penn Plaza, Suite 4720, New York, New York 10119, (212) 760-0814 and Jesse R. Meer, Esq. Berlack, Israels & Liberman, LLP, 120 West 45th Street, New York, N.Y. 10036, (212) 704-0100 ------------------------------------------------------------ (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSONS AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS) April 24, 1996 ------------------------------------------------------- (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 [ ]. (Page 1 of 6 Pages) SCHEDULE 13D - ---------------------- ------------------------------ CUSIP NO. 577766 10 8 PAGE 2 OF 6 PAGES - ---------------------- ------------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: WYNNEFIELD PARTNERS SMALL CAP VALUE, L. P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-3688497 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS (2)(d) OR (e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OR ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 140,000 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------- 8 SHARED VOTING POWER NONE -------------------------------------- 9 SOLE DISPOSITIVE POWER 140,000 -------------------------------------- 10 SHARED DISPOSITIVE POWER NONE - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 140,000 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- (Page 2 of 6 Pages) SCHEDULE 13D - ---------------------- ------------------------------ CUSIP NO. 577766 10 8 PAGE 3 OF 6 PAGES - ---------------------- ------------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND LTD. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: NONE - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS (2)(d) OR (e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OR ORGANIZATION CAYMAND ISLANDS - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 5,100 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------- 8 SHARED VOTING POWER NONE -------------------------------------- 9 SOLE DISPOSITIVE POWER 5,100 -------------------------------------- 10 SHARED DISPOSITIVE POWER NONE - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,100 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- (Page 3 of 6 Pages) SCHEDULE 13D ITEM 1. SECURITY AND ISSUER. This statement relates to shares of Class A Common Stock, par value $.01 per share (the "Class A Common Stock"), of Maxwell Shoe Company Inc. (the "Issuer"). The Issuer's principal executive offices are located at 101 Sprague Street, Readville (Boston), MA 02137. ITEM 2. IDENTITY AND BACKGROUND. This statement is being filed by Wynnefield Partners Small Cap Value, L.P., a limited partnership formed under the laws of the State of Delaware (the "Partnership") and Wynnefield Small Cap Value Offshore Fund Ltd., an Exempted Company formed under the laws of the Cayman Islands (the "Offshore Fund"). The principal business of the Partnership and the Offshore Fund is investments. The address of the principal offices of the Partnership is One Penn Plaza, Suite 4720, New York, New York 10119 and the address of the principal offices of the Offshore Fund is c/o Olympia Capital (Cayman) Ltd., Williams House, 20 Reid Street, Hamilton HM 11, Bermuda. Nelson Obus and Joshua Landes are the general partners of the Partnership and their principal business address is the same as the Partnership's. The principal occupations of Messrs. Obus and Landes are acting as the general partners and managing investments of the Partnership. Messrs. Obus and Landes are also the President and Executive Vice President, respectively, of Wynnefield Capital Inc. ("Wynnefield"), a corporation organized under the laws of Delaware. Wynnefield is the investment manager of the Offshore Fund. During the past five years, neither the Partnership, the Offshore Fund, Wynnefield, Mr. Obus nor Mr. Landes (a) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, as a result of which it or he 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. Messrs. Obus and Landes are citizens of the United States. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. 140,000 shares of the Class A Common Stock were purchased by the Partnership for cash aggregating $706,375.00 including commissions. The cash was provided from the working capital of the Partnership. 5,100 shares of the Class A Common Stock were purchased by the Offshore Fund for cash aggregating $36,031.00 which was provided from its working capital. ITEM 4. PURPOSE OF TRANSACTION. The Partnership and the Offshore Fund acquired the Securities (as defined below) for investment. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. The Partnership owns 140,000 shares of Class A Common Stock and the Offshore Fund owns 5,100 shares of Class A common stock (together, the "Securities"). The Securities represent approximately 5.7% of the Class A common stock of the Issuer outstanding as of February 20, 1996, based on the Issuer's Proxy Statement for its Annual Meeting on April 4, 1996. (Page 4 of 6 Pages) Messrs. Obus and Landes, as the general partners of the Partnership, and as the officers of Wynnefield, the investment manager of the Offshore Fund, have the sole power to vote, or to direct the vote, or to direct the sale or other disposition of, the Securities and have the sole power to receive or to direct the receipt of the proceeds from the sale of the Securities, or any dividends paid with respect to the Securities. The Partnership purchased the Securities as set forth in the following table: ===================================================== Price per Number Share of Shares (including Date of Purchase Purchased commissions) ----------------------------------------------------- June 30, 1995 44,000 $5.13 ----------------------------------------------------- February 8, 1996 10,000 $5.13 ----------------------------------------------------- February 16, 1996 5,000 $4.63 ----------------------------------------------------- February 20, 1996 5,000 $4.63 ----------------------------------------------------- March 5, 1996 5,000 $5.25 ----------------------------------------------------- March 7, 1996 6,000 $5.25 ----------------------------------------------------- March 13., 1996 6,000 $5.25 ----------------------------------------------------- March 13, 1996 2,000 $5.25 ----------------------------------------------------- March 14, 1996 3,000 $5.25 ----------------------------------------------------- March 15, 1996 4,000 $5.25 ----------------------------------------------------- March 22, 1996 15,000 $5.15 ----------------------------------------------------- March 25, 1996 10,000 $5.00 ----------------------------------------------------- April 24, 1996 20,000 $4.75 ----------------------------------------------------- July 24, 1996 5,000 $5.00 ===================================================== The Offshore Fund purchased 5,100 shares of Class A Common Stock on January 6, 1997 for a price per share (including commissions) of $7.06. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Neither the Partnership, the Offshore Fund, Wynnefield, Mr. Obus nor Mr. Landes has any contracts, arrangements, understandings or relationships (legal or otherwise) with respect to the Securities. None of the Securities is pledged or otherwise subject to a contingency, the occurrence of which would give another person voting or investment power over the Securities. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. None (Page 5 of 6 Pages) 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, complete and correct. January 16, 1997 - ---------------------- (Date) WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. By: /s/ NELSON OBUS -------------------------------- Nelson Obus, General Partner WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND LTD. By: /s/ JOSHUA LANDES -------------------------------- Joshua Landes, Director (Page 6 of 6 Pages) -----END PRIVACY-ENHANCED MESSAGE-----