-----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, VUDQrK65L78LB3rDIsTwKPXDpcVz+WwYj1ooTeTGDWASHG/Fzs9CQD4Or4gPmckI u3jc2XE0LtRnuoofroelCA== 0000902664-98-000327.txt : 19981126 0000902664-98-000327.hdr.sgml : 19981126 ACCESSION NUMBER: 0000902664-98-000327 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981125 GROUP MEMBERS: BAKER NYE ADVISERS INC GROUP MEMBERS: JEFFREY N. GREENBLATT GROUP MEMBERS: MONARCH CAPITAL, L.P. GROUP MEMBERS: MONARCH GP, L.L.C. GROUP MEMBERS: MONARCH MANAGEMENT GROUP, LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WAXMAN INDUSTRIES INC CENTRAL INDEX KEY: 0000105096 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-HARDWARE & PLUMBING & HEATING EQUIPMENT & SUPPLIES [5070] IRS NUMBER: 340899894 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-10603 FILM NUMBER: 98759893 BUSINESS ADDRESS: STREET 1: 24460 AURORA RD CITY: BEDFORD HEIGHTS STATE: OH ZIP: 44146 BUSINESS PHONE: 2164391830 MAIL ADDRESS: STREET 1: 24460 AURORA ROAD CITY: BEDFORD HEIGHTS STATE: OH ZIP: 44146 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BAKER NYE ADVISERS INC CENTRAL INDEX KEY: 0001012500 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 767 FIFTH AVENUE STREET 2: STE 2800 CITY: NEW YORK STATE: NY ZIP: 10153 BUSINESS PHONE: 2128263030 MAIL ADDRESS: STREET 1: C/O SCHULTE ROTH & ZABEL STREET 2: 900 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934* (Amendment No. 2 ) WAXMAN INDUSTRIES, INC. ------------------------------------------------ (Name of Issuer) Class A Common Stock ------------------------------------------------ (Title of Class of Securities) 944124106 ----------------------------------------- (CUSIP Number) Jeffrey N. Greenblatt Monarch Management Group, Ltd. 767 Fifth Avenue New York, New York 10153 (212) 826-3030 - --------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 24, 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(b)(3) or (4), check the following box. [ ] Check the following box if a fee is being paid with this 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 less than five percent of such class. See Rule 13d-7.) Page 1 of 10 Pages _____________________________________________________________________________ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Monarch Management Group, Ltd. _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [x] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) SOURCE OF FUNDS OO _____________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] _____________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware _____________________________________________________________________________ NUMBER OF (7) SOLE VOTING POWER 0 SHARES ______________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER 463,561 OWNED BY ______________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER 0 REPORTING ______________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER 463,561 _____________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 463,561 _____________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] _____________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.7% _____________________________________________________________________________ (14) TYPE OF REPORTING PERSON ** IA _____________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 10 Pages _____________________________________________________________________________ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Monarch Capital, L.P. _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [x] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) SOURCE OF FUNDS AF _____________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] _____________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware _____________________________________________________________________________ NUMBER OF (7) SOLE VOTING POWER 0 SHARES ______________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER 255,439 OWNED BY ______________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER 0 REPORTING ______________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER 255,439 _____________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 255,439 _____________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] _____________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.6% _____________________________________________________________________________ (14) TYPE OF REPORTING PERSON ** PN _____________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 10 Pages _____________________________________________________________________________ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Monarch GP, L.L.C. _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [x] _____________________________________________________________________________ (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 ORGANIZATION Delaware _____________________________________________________________________________ NUMBER OF (7) SOLE VOTING POWER 0 SHARES ______________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER 255,439 OWNED BY ______________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER 0 REPORTING ______________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER 255,439 _____________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 255,439 _____________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] _____________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.6% _____________________________________________________________________________ (14) TYPE OF REPORTING PERSON ** OO _____________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 4 of 10 Pages _____________________________________________________________________________ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jeffrey N. Greenblatt _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [x] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) SOURCE OF FUNDS OO _____________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] _____________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION United States _____________________________________________________________________________ NUMBER OF (7) SOLE VOTING POWER 0 SHARES ______________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER 719,000 OWNED BY ______________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER 0 REPORTING ______________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER 719,000 _____________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 719,000 _____________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] _____________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.3% _____________________________________________________________________________ (14) TYPE OF REPORTING PERSON ** IN _____________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT Page 5 of 10 Pages ITEM 1. SECURITY AND ISSUER. The Schedule 13D relating to shares of Class A Common Stock (the "Shares"), and Shares underlying warrants (the "Warrants") for the purchase of Shares, of Waxman Industries, Inc. (the "Company"), originally filed on April 23, 1996 by the signatories hereto, as amended by an Amendment No. 1 filed on November 20, 1998, is hereby amended by this Amendment No. 2 to the Schedule 13D as follows: ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5(a) is hereby deleted and the following inserted in its place: (a) The approximate aggregate percentage of Shares reported beneficially owned by each person herein is based on 9,909,026 Shares outstanding as of November 3, 1998, as reflected in the Form 10Q of the Company for the period ending September 30, 1998. For purposes of calculating the percentages herein, the number of Shares underlying the Warrants beneficially owned by the applicable member of the Group have been added to the number of Shares outstanding as though such Warrants had been exercised. As of the date hereof: (i) Monarch owns directly no Shares. By reason of the provisions of Rule 13d-3 of the Act, Monarch may be deemed to own beneficially 463,561 Shares, including the 362,051 Shares owned directly by Monarch Capital, Ltd. (constituting approximately 4.7% and 3.6% of the Shares outstanding, respectively). (ii) LP owns directly 255,439 Shares, constituting approximately 3.6% of the Shares outstanding. (iii) GP owns directly no Shares. By reason of the provisions of Rule 13d-3 of the Act, GP may be deemed to own beneficially 255,439 Shares, constituting approximately 2.6% of the shares outstanding. (iv) Mr. Greenblatt owns directly no Shares. Mr. Greenblatt, by reason of Rule 13d-3 of the Act, may be deemed to own beneficially the Shares owned by each of Monarch and LP above (719,000 Shares, representing 7.3% of the shares outstanding). Page 6 of 10 Pages (c) The trading dates, number of Shares purchased or sold and price per share (excluding commissions) for all transactions in the Shares from the date of the most recent filing on November 20, 1998 until November 24, 1998 by (i) Monarch on behalf of discretionary accounts other than LP and (ii) LP are set forth on Schedules A and B respectively. All such transactions were effected through the New York Stock Exchange. During such period, none of the individuals named herein entered into any transactions in the Shares. Page 7 of 10 Pages After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. November 25, 1998 /s/ JEFFREY N. GREENBLATT Jeffrey N. Greenblatt, as President of Monarch Management Group, Ltd. /s/ JEFFREY N. GREENBLATT Jeffrey N. Greenblatt, as Managing Member of Monarch GP, L.L.C., as General Partner of Monarch Capital, L.P. /s/ JEFFREY N. GREENBLATT Jeffrey N. Greenblatt, as Managing Member of Monarch GP, L.L.C. /s/ JEFFREY N. GREENBLATT Jeffrey N. Greenblatt Page 8 of 10 Pages Schedule A Monarch Management Group, Ltd. Transactions in the Shares Date of Number of Price Per Share Transaction Shares sold (excluding commissions) - -------------------------------------------------------------------------- 11/23/98 (56,732) $0.8850 11/24/98 (72,722) 0.8840 Page 9 of 10 Pages Schedule B Monarch Capital, L.P. Transactions in the Shares Date of Number of Price Per Share Transaction Shares sold (excluding commissions) - -------------------------------------------------------------------------- 11/23/98 (38,268) $0.8850 11/24/98 (45,978) 0.8840 Page 10 of 10 Pages -----END PRIVACY-ENHANCED MESSAGE-----