-----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, PfuEnKZNf7oafLqMUG8kNPP1io3xLi6K53hqWwljUPNM3kwY/K37bmTXO20vxhqp PppPiSsZTFGSeVzBLlFMKA== 0000950110-97-000306.txt : 19970226 0000950110-97-000306.hdr.sgml : 19970226 ACCESSION NUMBER: 0000950110-97-000306 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970225 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: KERR GROUP INC CENTRAL INDEX KEY: 0000055454 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 950898810 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-34081 FILM NUMBER: 97542800 BUSINESS ADDRESS: STREET 1: 500 NEW HOLLAND AVENUE CITY: LANCASTER STATE: PA ZIP: 17602 BUSINESS PHONE: 3105562200 MAIL ADDRESS: STREET 1: 1840 CENTURY PARK EAST CITY: LOS ANGELES STATE: CA ZIP: 90067 FORMER COMPANY: FORMER CONFORMED NAME: KERR GLASS MANUFACTURING CORP DATE OF NAME CHANGE: 19920518 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/A 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/A 1 AMENDMENT NO. 3 TO SCHEDULE 13-D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3) KERR GROUP, INC. ------------------------ (NAME OF ISSUER) COMMON STOCK -------------------------------------- (TITLE OF CLASS OF SECURITIES) 492376 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) February 20, 1997 ------------------------------------------------------- (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. 492376 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 356,700 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------- 8 SHARED VOTING POWER NONE -------------------------------------- 9 SOLE DISPOSITIVE POWER 356,700 -------------------------------------- 10 SHARED DISPOSITIVE POWER NONE - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 356,700 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.069% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- (Page 2 of 6 Pages) SCHEDULE 13D - ---------------------- ------------------------------ CUSIP NO. 492376 10 8 PAGE 3 OF 6 PAGES - ---------------------- ------------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: WYNNEFIELD PARTNERS SMALL CAP VALUE OFFSHORE FUND LTD. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: NOT APPLICABLE - -------------------------------------------------------------------------------- 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 CAYMAN ISLANDS - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 36,500 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------- 8 SHARED VOTING POWER NONE -------------------------------------- 9 SOLE DISPOSITIVE POWER 36,500 -------------------------------------- 10 SHARED DISPOSITIVE POWER NONE - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 36,500 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .928% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- (Page 3 of 6 Pages) SCHEDULE 13D ITEM 1. SECURITY AND ISSUER. This statement relates to shares of the common stock of Kerr Group, Inc. (the "Issuer"). The Issuer's principal executive offices are located at 500 New Holland Avenue, Lancaster, PA 17602. 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 and are 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. 356,700 shares of the Issuer's common stock have been purchased by the Partnership for cash aggregating $1,027,103 including commissions. The cash was provided from the working capital of the Partnership. 36,500 shares of the Issuer's common stock have been were purchased by the Offshore Fund for cash aggregating $76,450 which was provided from its working capital. ITEM 4. PURPOSE OF TRANSACTION. The Partnership and the Offshore fund intend to monitor the Issuer's efforts to restructure its existing debt and to carefully evaluate any proposed related recapitalization which would affect shareholder value. The Securities (as defined below) were purchased for investment and to enhance the ability of the Partnership and the Offshore Fund to monitor and evaluate the Issuer's restructuring and recapitalization plans. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. The Partnership owns 356,000 shares of the Issuer's common stock and the Offshore Fund owns 36,500 shares of the Issuer's common stock (together, the "Securities"). The Securities represent approximately 9.97% of the Issuer's common stock outstanding as of October 23, 1996, based on the Issuer's most recent Quarterly Report on Form 10-Q. (Page 4 of 6) 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. Since January 13, 1997 (the date of Amendment No. 2 to this Schedule 13D), the Partnership purchased 77,300 shares of the Issuer's common stock as set forth in the following table: ===================================================== Price per Number Share of Shares (including Date of Purchase Purchased commissions) ----------------------------------------------------- January 30, 1997 2,500 $2.31 ----------------------------------------------------- February 3, 1997 4,500 2.175 ----------------------------------------------------- February 10, 1997 10,000 2.415 ----------------------------------------------------- February 11, 1997 7,300 2.29 ----------------------------------------------------- February 13, 1997 10,000 2.29 ----------------------------------------------------- February 14, 1997 700 2.29 ----------------------------------------------------- February 18, 1997 7,600 2.29 ----------------------------------------------------- February 19, 1997 3,700 2.29 ----------------------------------------------------- February 20, 1997 31,000 2.052 ===================================================== Since January 13, 1997, the Offshore Fund purchased 6,500 shares of the Issuer's common stock at a price per share (including commissions) of $2.30. The purchase was made on January 29, 1997. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Neither the Partnership, the Offshore Fund, 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. February 21, 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-----