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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
QUAKER FABRIC CORPORATION
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
747399103
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(CUSIP Number)
MAY 1, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that Section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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CUSIP NO.747399103
1) Names of Reporting Persons/I.R.S. Identification No.s. of Above Person
(entities only) Elkin McCallum
2) Check the Appropriate Box if a Member of a Group (see Instructions)
(a) [ ]
(b) [ ]
3) SEC Use Only
4) Citizenship or Place of Organization: United States of America
5) Sole Voting Power : 0
6) Shared Voting Power: 792,450
7) Sole Dispositive Power: 0
8) Shared Dispositive Power: 792,450
9) Aggregate Amount Beneficially Owned by Each Reporting Person: 792,450*
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
11) Percent of Class Represented by Amount in Row (9): 5.0634%
12) Type of Reporting Person (See Instructions) IN
CUSIP NO. 747399103
1) Names of Reporting Persons/I.R.S. Identification No.s. of Above Person
(entities only) Main Street Textiles, L.P. 04-3234220
2) Check the Appropriate Box if a Member of a Group (see Instructions)
(a) [ ]
(b) [ ]
3) SEC Use Only
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4) Citizenship or Place of Organization: Delaware
5) Sole Voting Power : 792,450
6) Shared Voting Power: 0
7) Sole Dispositive Power: 792,450
8) Shared Dispositive Power: 0
9) Aggregate Amount Beneficially Owned by Each Reporting Person: 792,450
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
11) Percent of Class Represented by Amount in Row (9): 5.0634%
12) Type of Reporting Person (See Instructions) PN
ITEM 1(a). NAME OF ISSUER:
Quaker Fabric Corporation
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
941 Grinnell Street, Fall River, MA 02721
ITEM 2(a). NAME OF PERSON FILING:
This statement is being filed by one or more of the following persons:
Elkin McCallum and Main Street Textiles, L.P.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Mr. Elkin McCallum
c/o Joan Fabrics Corporation
100 Vesper Executive Park, Tyngsboro, MA 01879
Main Street Textiles, L.P.
100 Vesper Executive Park, Tyngsboro, MA 01879
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ITEM 2(c). CITIZENSHIP:
Elkin McCallum - United States of America
Main Street Textiles, L.P. - Delaware
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER: 747399103
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b) OR
(c), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or Dealer registered under Section 15 of the Act (15
U.S.C. 78o);
(b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C.
78c);
(c) [ ] Insurance company as defined in Section 3(a)(19) of the Act
(15 U.S.C. 78c) ;
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e) [ ] An investment adviser in accordance with
Ss.204.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan, or endowment fund in accordance
with Ss.240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
Ss.240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with Ss.240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Ss.240.13d-1(c), check this box [X].
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ITEM 4. OWNERSHIP:
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficiary owned: 792,450*
(b) Percent of class: 5.0634%
(c) Number of shares as to which the person has:
ELKIN MCCALLUM:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 792,450
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 792,450
MAIN STREET TEXTILES, L.P.
(i) Sole power to vote or to direct the vote: 792,450
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 792,450
(iv) Shared power to dispose or to direct the disposition of: 0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable
ITEM 10. CERTIFICATION:
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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.
Date: May 6, 1999
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Signature: --//Elkin McCallum//--
Name/Title: ELKIN MCCALLUM
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Date: May 6, 1999
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Signature: --//Penny Richards//--
Name/Title: PENNY RICHARDS, President & CEO
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of Main Street Textiles, L.P.
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*As of May 4, 1999:
150,000 shares were held jointly by Mr. McCallum and his wife, Donna McCallum.
15,000 shares were held by AnMac L.P., a limited partnership. Mr. McCallum owns
a 99% interest in the general partner (which has a 1% economic interest in AnMac
L.P.) Mr. McCallum's wife owns 1% of the general partner. In addition, Mr.
McCallum owns limited partner interests which represent 49% of the economic
interest in AnMac L.P. Mr. McCallum disclaims beneficial ownership of the
interest owned by his wife.
627,450 shares were held by Main Street Textiles, L.P. a limited partnership of
which Mr. McCallum has a 50% interest in the general partner (which has a 2%
economic interest in Main Street Textiles, L.P.) In addition, Mr. McCallum owns
limited partner interests which represent 49% of the economic interest in Main
Street Textiles, L.P.
On May 5, 1999, Mr. and Mrs. McCallum transferred the 150,000 shares that they
held jointly to Main Street Textiles, L.P. and AnMac L.P. transferred 15,000
shares to Main Street Textiles, L.P. so that as of May 5, 1999, Main Street
Textiles, L.P. owns 792,450 shares. Mr. McCallum continues to hold a 50%
interest in the general partner of Main Street Textiles, L.P. (which has a 2%
economic interest in Main Street Textiles, L.P.) In addition, Mr. McCallum owns
limited partner interests which represent 49% of the economic interest in Main
Street Textiles, L.P.
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