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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b)(c), and (d) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(b)
(Amendment No. ___)
COMPASS PLASTICS & TECHNOLOGIES, INC.
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(Name of Issuer)
Common Stock, par value $.0001 per share
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(Title of Class of Securities)
203915 10 3
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(CUSIP Number)
(Title of Class of Securities)
June 19, 1998
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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)
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CUSIP NO. 203915 10 3 13G Page 2 of 8 Pages
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1 NAME OF REPORTING PERSON
Geoffrey J.F. Gorman
S.S. or I.R.S. Identification Nos. of Above Persons
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) N/A
(See Instructions) (b) N/A
Not Applicable
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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5 SOLE VOTING POWER
200,808
NUMBER OF
SHARES ----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 479,106(1)(2)
REPORTING
PERSON ----------------------------------------------------
WITH
7 SOLE DISPOSITIVE POWER
200,808
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8 SHARED DISPOSITIVE POWER
479,106(1)(2)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
679,914(1)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions)
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.9%(3)
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12 TYPE OF REPORTING PERSON*
IN
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(1) Represents (i) 479,106 shares of Common Stock of the Issuer owned by
Private Equity Partners, L.P., a Delaware limited partnership
("Partners"), of which Mr. Gorman is the managing partner of Private
Equity Partners, LLC ("PEP"), its general partner, and (ii) 200,808 shares
of Common Stock of the Issuer owned directly by Mr. Gorman which are
pledged to the Issuer as collateral for a loan.
(2) PEP, the general partner of Partners, has the power to direct the vote or
to direct the disposition of 479,106 shares of Common Stock of Issuer
owned by Partners as of July 8, 1998. Mr. Gorman is the managing partner
of PEP and is the Chairman of the Board of Directors of the Issuer.
(3) Calculated on the basis of 4,883,750 shares of Common Stock of Issuer
outstanding on July 10, 1998.
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CUSIP NO. 203915 10 3 13G Page 3of 8 Pages
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1 NAME OF REPORTING PERSON
Private Equity Partners, L.P.
S.S. or I.R.S. Identification Nos. of Above Persons
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) N/A
(See Instructions) (b) N/A
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
0
NUMBER OF
SHARES ----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 479,106
REPORTING
PERSON ----------------------------------------------------
WITH
7 SOLE DISPOSITIVE POWER
0
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
479,106
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
479,106
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions)
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.8%(1)
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12 TYPE OF REPORTING PERSON*
PN
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- -----------------------
(1) Calculated on the basis of 4,883,750 shares of Common Stock of the Issuer
outstanding on July 10, 1998.
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CUSIP No. 203915 10 3 Page 4 of 8 Pages
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Item 1(a). Name of Issuer:
COMPASS PLASTICS & TECHNOLOGIES, INC.
Item 1(b). Address of Issuer's Principal Executive Offices:
15730 South Figueroa Street
Gardena, California 90248
Item 2(a). Name of Persons Filing:
(i) Geoffrey J.F. Gorman
(ii) Private Equity Partners, L.P.
Item 2(b). Address of Principal Business Office:
(i) Geoffrey J.F. Gorman:
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808 Lexington Avenue, 2nd Floor
New York, New York 10022
(ii) Private Equity Partners, L.P.:
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808 Lexington Avenue, 2nd Floor
New York, New York 10022
Item 2(c). Citizenship:
(i) Geoffrey J.F. Gorman: U.S.A.
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(ii) Private Equity Partners, L.P.: Delaware
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Item 2(d). Title of Class of Securities:
Common Stock, par value $.0001 per share
Item 2(e). CUSIP Number:
203915 10 3
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CUSIP No. 203915 10 3 Page 5 of 8 Pages
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Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
identify the status of the person filing.
Not applicable.
Item 4. Ownership.
I. Geoffrey J.F. Gorman:
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(a) Amount Beneficially Owned: 679,914 shares(1)
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(b) Percentage of Class: 13.9%(3)
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(c) Number of shares as to which such person has:
(i) sole power to vote or to
direct the vote 200,808
--------
(ii) shared power to vote or to
direct the vote 479,106(1) (2)
--------
(iii) sole power to dispose or to
direct the disposition of 200,808
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(iv) shared power to dispose or to
direct the disposition of 479,106(1)(2)
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II. Private Equity Partners, L.P.:
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(a) Aggregate Number: 479,106 shares
(b) Percentage of Class: 9.8%(3)
(c) Number of shares as to which such person has:
(i) sole power to vote or to
direct the vote -0-
--------
(ii) shared power to vote or to
direct the vote 479,106
--------
(iii) sole power to dispose or to
direct the disposition of -0-
--------
(iv) shared power to dispose or to
direct the disposition of 479,106
--------
(footnotes appear on next page)
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Page 6 of 8 Pages
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(1) Represents (i) 479,106 shares of Common Stock of the Issuer owned by
Private Equity Partners, L.P., a Delaware limited partnership
("Partners"), of which Mr. Gorman is the managing partner of Private
Equity Partners, LLC ("PEP"), its general partner, and (ii) 200,808
shares of Common Stock of the Issuer owned directly by Mr. Gorman
which are pledged to the Issuer as collateral for a loan.
(2) PEP, the general partner of Partners, has the power to direct the
vote or to direct the disposition of 479,106 shares of Common Stock
of Issuer owned by Partners as of July 8, 1998. Mr. Gorman is the
managing partner of PEP and is the Chairman of the Board of Directors
of the Issuer.
(3) Calculated on the basis of 4,883,750 shares of Common Stock of
Issuer outstanding on July 10, 1998.
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.
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 of effect.
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SIGNATURE
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.
July 13, 1998 /s/Geoffrey J.F. Gorman
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GEOFFREY J.F. GORMAN
PRIVATE EQUITY PARTNERS, L.P.
July 13, 1998 By: PRIVATE EQUITY PARTNERS, LLC,
its general partner
By: /s/Geoffrey J.F. Gorman
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Geoffrey J.F. Gorman, Managing Partner
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CONSENT TO JOINT FILING
Geoffrey J.F. Gorman and Private Equity Partners, L.P. hereby consent
to the joint filing of this Schedule 13G with respect to the common stock of
Compass Plastics & Technologies, Inc. and agree that this Schedule 13G is filed
on behalf of each of them.
July 13, 1998 /s/Geoffrey J.F. Gorman
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GEOFFREY J.F. GORMAN
PRIVATE EQUITY PARTNERS, L.P.
July 13, 1998 By: PRIVATE EQUITY PARTNERS, LLC,
its general partner
By: /s/Geoffrey J.F. Gorman
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Geoffrey J.F. Gorman, Managing Partner
