-----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, BBeF1pvjj3iqWbKt5LB1SvGLBVgIlIp/Ar42PFBYfWJAabPDB8HgmMvgunawJNPd 8AZlHxWV++lDHc0LEu9MBg== 0000903423-97-000222.txt : 19971208 0000903423-97-000222.hdr.sgml : 19971208 ACCESSION NUMBER: 0000903423-97-000222 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19971205 SROS: NASD GROUP MEMBERS: CAPE ANN INVESTORS, L.L.C. GROUP MEMBERS: CHILMARK FUND II, L.P. GROUP MEMBERS: CHILMARK II, L.L.C. GROUP MEMBERS: CHILMARK PARTNERS LLC GROUP MEMBERS: DAVID M. SCHULTE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NUTRAMAX PRODUCTS INC /DE/ CENTRAL INDEX KEY: 0000818467 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 061200464 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-41183 FILM NUMBER: 97732828 BUSINESS ADDRESS: STREET 1: 9 BLACKBURN DRIVE CITY: GLOUCESTER STATE: MA ZIP: 01930 BUSINESS PHONE: 5082831800 MAIL ADDRESS: STREET 1: 9 BLACKBURN DRIVE CITY: GLOUCESTER STATE: MA ZIP: 01930 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CHILMARK PARTNERS LLC CENTRAL INDEX KEY: 0001046371 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 364101709 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 875 NORTH MICHIGAN AVE CITY: CHICAGO STATE: IL ZIP: 60611 BUSINESS PHONE: 31298498711 MAIL ADDRESS: STREET 2: 845 NORTH MICHIGAN AVE CITY: CHICAGO STATE: IL ZIP: 60611 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2) NutraMax Products, Inc. ----------------------- (Name of Issuer) Common Stock, par value $.001 per share --------------------------------------- (Title of Class of Securities) 67061A30 --------------- (CUSIP Number) David M. Schulte Chilmark Fund II, L.P. 875 North Michigan Avenue Chicago, Illinois 60611 (312) 984-9711 ------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 4, 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 11 Pages Exhibit Index Appears on Page 10 SCHEDULE 13D CUSIP NO. 67061A30 -------- - -------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Cape Ann Investors, 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 ITEMS 2(d) OR 2(e) [___] - -------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF None SHARES ---------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 1,003,168 EACH ---------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON None WITH ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,003,168 - -------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,003,168 - -------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [___] - -------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.9% - -------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO Page 2 of 11 Pages SCHEDULE 13D CUSIP NO. 67061A30 -------- - -------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Chilmark Fund II, L.P. - -------------------------------------------------------------------------- 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 ITEMS 2(d) OR 2(e) [___] - -------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF None SHARES ---------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 1,008,168 EACH ---------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON None WITH ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,008,168 - -------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,008,168 - -------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [___] - -------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.9% - -------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN Page 3 of 11 Pages SCHEDULE 13D CUSIP NO. 67061A30 -------- - -------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Chilmark II, 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 ITEMS 2(d) OR 2(e) [___] - -------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF None SHARES ---------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 1,008,168 EACH ---------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON None WITH ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,008,168 - -------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,008,168 - -------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [___] - -------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.9% - -------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO Page 4 of 11 Pages SCHEDULE 13D CUSIP NO. 67061A30 -------- - -------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Chilmark Partners, 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 ITEMS 2(d) OR 2(e) [___] - -------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF None SHARES ---------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 1,008,168 EACH ---------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON None WITH ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,008,168 - -------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,008,168 - -------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [___] - -------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.9% - -------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO Page 5 of 11 Pages SCHEDULE 13D CUSIP NO. 67061A30 -------- - -------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON David M. Schulte - -------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [___] (b) [ x ] - -------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------- 4 SOURCE OF FUNDS PF - -------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [___] - -------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF None SHARES ---------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 1,008,168 EACH ---------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON None WITH ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,008,168 - -------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,008,168 - -------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [___] - -------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.9% - -------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN Page 6 of 11 Pages This Amendment No. 2 (this "Amendment") amends and supplements the Schedule 13D filed on September 22, 1997, as previously amended (the "Schedule 13D"), by Cape Ann Investors, L.L.C. ("Cape Ann"), Chilmark Fund II, L.P. ("Chilmark Fund"), Chilmark II, L.L.C. ("Chilmark II"), Chilmark Partners, L.L.C. ("Chilmark Partners") and David M. Schulte (collectively, the "Reporting Persons") with respect to the Common Stock, par value $.001 per share ("Common Stock"), of NutraMax Products, Inc. (the "Issuer"). Item 3. Source and Amount of Funds or Other Consideration. Cape Ann acquired the 193,014 additional shares of Common Stock to which this Amendment relates on December 4, 1997, pursuant to the October Agreement, as amended by Amendment No. 1, dated as of October 16, 1997 (the "Amendment to October Agreement"), between the Issuer and Cape Ann. A copy of the Amendment to October Agreement is attached hereto as Exhibit 6 and is incorporated herein by reference. The source of the $2,460,928.50 used to acquire such shares was capital contributions from the members of Cape Ann. Item 4. Purpose of Transaction. On December 4, 1997, Cape Ann consummated the previously disclosed purchase of 193,014 additional shares of Common Stock from the Issuer pursuant to the October Agreement as amended by the Amendment to October Agreement. The Reporting Persons intend to continue to review their investment in Common Stock and, from time to time depending upon certain factors, including without limitation the financial performance of the Issuer, the availability and price of shares of Common Stock, other general economic, market and investment conditions and options available to them, may determine to acquire through open market purchases or otherwise additional shares of Common Stock, or may determine to sell through the open market or otherwise, in each case, subject to applicable law and the limitations of the October Agreement and the Agreement previously described in the Schedule 13D. Except as stated above, no Reporting Person has any plans or proposals of the type referred to in clauses (a) through (j) of Item 4 of Schedule 13D, as promulgated by the Securities and Exchange Commission. Item 5. Interest in Securities of the Issuer. (a) and (b) As of the date hereof, the Reporting Persons beneficially own 1,008,168 shares of Common Stock (1,003,168, in the case of Cape Ann). To the best knowledge of the Reporting Persons, there are 5,619,768 shares of Common Stock outstanding. The 1,008,168 shares beneficially owned by the Reporting Persons represent approximately 17.9% of the Common Stock issued and outstanding. Subject to the limitations of the Agreement, the Reporting Persons share the power to vote or to direct the vote of, and the power to dispose or to direct the disposition of, the Common Stock beneficially owned by them (except that Cape Ann does not share such powers with respect to the 5,000 shares of Common Stock held directly by Chilmark Fund). Page 7 of 11 Pages (c) During the last sixty days, the only transaction in Common Stock effected by the Reporting Persons (or, to the best knowledge of the Reporting Persons, any of the persons listed in Appendix A to the Schedule 13D) was the purchase, on December 4, 1997, by Cape Ann of 193,014 shares of Common Stock from the Issuer at a price of $12.75 per share, or an aggregate of $2,460,928.50. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. As described above, Cape Ann is a party to the Amendment to October Agreement, a copy of which is attached hereto as Exhibit 6 and is incorporated herein by reference. Item 7. Material to be Filed as Exhibits. Exhibit 6 - Amendment to October Agreement. Page 8 of 11 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in the statement is true, complete and correct. Dated: December 5, 1997 Cape Ann Investors, L.L.C. By: /s/ David Schulte ----------------------- Name: David Schulte Title: President Chilmark Fund II, L.P. By: Chilmark II, L.L.C. By: /s/ David Schulte ----------------------- Name: David Schulte Title: President Chilmark II, L.L.C. By: /s/ David Schulte ----------------------- Name: David Schulte Title: President Chilmark Partners, L.L.C. By: /s/ David Schulte ----------------------- Name: David Schulte Title: Managing Member /s/ David Schulte -------------------------- David Schulte Page 9 of 11 Pages EXHIBIT INDEX Exhibit Page Number Description Number - ------ ----------- ------ 1 Joint Filing Agreement, dated * September 19, 1997, among the Reporting Persons. 2 Stock Purchase Agreement. * 3 Amendment No. 1. * 4 Form of Share Purchase Agreement, * dated as of September 18, 1997. 5 October Agreement. * 6 Amendment to October Agreement. 11 - -------- * previously filed Page 10 of 11 Pages EX-99.6 2 Exhibit 6 AMENDMENT NO. 1 (this "Amendment"), dated as of October 16, 1997, to the Agreement (the "Agreement") dated as of October 14, 1997 by and between NutraMax Products, Inc., a Delaware corporation (the "Company"), and Cape Ann Investors, L.L.C., a Delaware limited liability company (the "Purchaser"). All capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings set forth in the Agreement. 1. The references to "78%" in the fifth line and to ".78" in the seventh line of Section 2.2 of the Agreement are hereby amended, respectively, to read "77%" and ".77" and all references in the Agreement to the Other Purchasers are hereby amended to be a reference to three other purchasers, rather than two, as previously set forth in the Agreement. 2. Except as expressly provided herein, the Agreement shall remain in full force and effect. IN WITNESS WHEREOF, each of the parties hereto has duly executed and delivered this Amendment as of the date first above written. NUTRAMAX PRODUCTS, INC. By: /s/ Donald E. Lepone ------------------------ Name: Donald E. Lepone Title: President/CEO CAPE ANN INVESTORS, L.L.C. By: Chilmark Fund II, L.P., its Managing Member By: Chilmark II, L.L.C., its General Partner By: /s/ Joel S. Friedland ------------------------ Name: Joel S. Friedland Title: Vice President Page 11 of 11 Pages -----END PRIVACY-ENHANCED MESSAGE-----