Page 1 of 11
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
DENALI INCORPORATED
- -----------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value per share
- -----------------------------------------------------------------------------
(Title of Class of Securities)
248221103
--------------------
(CUSIP Number)
March 4, 1999
- -----------------------------------------------------------------------------
(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).
<PAGE>
SCHEDULE 13G
CUSIP No. 248221103 Page 2 of 11
_____________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Mission Partners, L.P. (EIN# 33-0569956)
_____________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
_____________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF 105,600
SHARES
______________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
______________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 105,600
______________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
WITH
_____________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
105,600
_____________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
_____________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.2% (based on 4,889,609 shares outstanding at January 30, 1999)
_____________________________________________________________________________
12 TYPE OF REPORTING PERSON*
PN
_____________________________________________________________________________
<PAGE>
SCHEDULE 13G
CUSIP No. 248221103 Page 3 of 11
_____________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Liberty Nominees Limited (EIN# N/A)
_____________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
_____________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New Zealand
_____________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF 21,000
SHARES
______________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
______________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 21,000
______________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
WITH
_____________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,000
_____________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
_____________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.4% (based on 4,889,609 shares outstanding at January 30, 1999)
_____________________________________________________________________________
12 TYPE OF REPORTING PERSON*
CO
_____________________________________________________________________________
<PAGE>
SCHEDULE 13G
CUSIP No. 248221103 Page 4 of 11
_____________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Horizon Offshore, Ltd. (EIN# N/A)
_____________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
_____________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
_____________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF 21,200
SHARES
______________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
______________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 21,200
______________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
WITH
_____________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,200
_____________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
_____________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.4% (based on 4,889,609 shares outstanding at January 30, 1999)
_____________________________________________________________________________
12 TYPE OF REPORTING PERSON*
CO
_____________________________________________________________________________
<PAGE>
SCHEDULE 13G
CUSIP No. 248221103 Page 5 of 11
_____________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
M Partners L.P. (EIN# 13-3783468)
_____________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
_____________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
_____________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF 9,400
SHARES
______________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
______________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 9,400
______________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
WITH
_____________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,400
_____________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
_____________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2% (based on 4,889,609 shares outstanding at January 30, 1999)
_____________________________________________________________________________
12 TYPE OF REPORTING PERSON*
PN
_____________________________________________________________________________
<PAGE>
SCHEDULE 13G
CUSIP No. 248221103 Page 6 of 11
_____________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Mayfair Capital Fund, L.P. (EIN# 13-4024777)
_____________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
_____________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF 105,300
SHARES
______________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
______________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 105,300
______________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
WITH
_____________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
105,300
_____________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
_____________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.2% (based on 4,889,609 shares outstanding at January 30, 1999)
_____________________________________________________________________________
12 TYPE OF REPORTING PERSON*
PN
_____________________________________________________________________________
<PAGE>
SCHEDULE 13G
CUSIP No. 248221103 Page 7 of 11
_____________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
MCM Profit Sharing Plan DLJSC - Custodian FBO Geoffrey Nixon TTEE
_____________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
_____________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
_____________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF 2,000
SHARES
______________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
______________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 2,000
______________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
WITH
_____________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,000
_____________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
_____________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0% (based on 4,889,609 shares outstanding at January 30, 1999)
_____________________________________________________________________________
12 TYPE OF REPORTING PERSON*
EP
_____________________________________________________________________________
<PAGE>
SCHEDULE 13G
CUSIP No. 248221103 Page 8 of 11
Item 1. Name of Issuer and Address
(a) The name of the issuer is Denali Incorporated, a Delaware
corporation ("Issuer").
(b) The principal executive offices of Issuer are located at 1360
Post Oak Boulevard, Suite 2250, Houston, Texas 77056.
Item 2. Identity, Address, Citizenship, Title of Class of Securities and
CUSIP Number
Items 2(a), (b), (c)
This statement on Schedule 13G ("Statement") is filed by Geoffrey
Nixon ("Nixon") as trustee of the MCM Profit Sharing Plan DLJSC - Custodian
FBO Geoffrey Nixon ("PSP"), Mission Partners, L.P. ("Mission"), Liberty
Nominees Limited ("Liberty"), Horizon Offshore, Ltd. ("Horizon"), M Partners
L.P. ("M Partners") and Mayfair Capital Fund, L.P. ("Mayfair") (collectively
the "Group"; each member of the Group being hereinafter referred to
individually as a "Member" and collectively as "Members"). Nixon's and PSP's
principal business address is 11 West 42nd Street, 19th Floor, New York NY
10036. Nixon is a citizen of the Country of New Zealand. PSP is a New York
profit sharing plan for the benefit of Nixon. Nixon is the sole trustee and
beneficiary of PSP. Mission's principal business address is 11 West 42nd
Street, 19th Floor, New York, NY 10036. Mission is a Delaware limited
partnership. MCM Associates, Ltd., a Delaware corporation ("MCM"), is the
sole general partner of Mission and, as such, MCM has full voting and
dispositive power with respect to all of the securities owned by Mission.
Nixon is the sole officer, director and shareholder of MCM. Liberty's
principal business address is at P.O. Box 10-246, Wellington, New Zealand.
Liberty is a private New Zealand company. Liberty has established an account
over which MCM has sole investment discretion. It is the account over which
MCM has sole investment discretion that has purchased the shares of Issuer
Common Stock (as defined below). Horizon's principal business address is at
c/o International Management Services, Limited, Harbour Centre, North Church
Street, P.O. Box 616, George Town, Grand Cayman, Cayman Islands, B.W.I.
Horizon is a private Cayman Islands investment corporation. MCM is the sole
investment manager of Horizon and MCM has full voting and dispositive power
with respect to all of the securities owned by Horizon. M Partners principal
business address if at 42 Pleasant Street, Watertown, MA 02172. M Partners
is a New York limited partnership. M Partners has established an account over
which it has given sole investment discretion to MCM. It is the account over
which MCM has sole investment discretion that has purchased shares of Issuer
Common Stock. Mayfair's principal business address is 11 West 42nd Street,
19th Floor, New York, NY 10036. Mayfair is a Delaware limited partnership.
MCM Capital Management, LLC, a Delaware limited liability company (the
"LLC"), is the sole general partner of Mayfair and, as such, LLC has full
voting and dispositive power with respect to all of the securities owned by
Mayfair. Nixon is the sole manager and principal member of LLC. The other
member of the LLC is Nixon's wife.
Item 2(d), (e)
This Statement relates to the Common Stock, $0.01 per value per share (the
"Issuer Common Stock") of Issuer. The CUSIP number for the Issuer Common
Stock is 248221103.
Item 3. If this statement is filed pursuant to Sections 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a :
Not Applicable
Item 4 Ownership
<PAGE>
SCHEDULE 13G
CUSIP No. 248221103 Page 9 of 11
Item 4(a), (b)
PSP owns 2,000 shares of Issuer Common Stock, representing 0.04% of
Issuer's issued and outstanding shares (based on 4,889,609 shares outstanding
at January 30, 1999). Mission owns 105,600 shares of Issuer Common Stock,
representing 2.16% of Issuer's issued and outstanding shares (based on
4,889,609 shares outstanding at January 30, 1999). Liberty owns 21,000
shares of Issuer Commons Stock, representing 0.43% of Issuer's issued and
outstanding shares (based on 4,889,609 shares outstanding at January 30,
1999). Horizon owns 21,000 shares of Issuer Common Stock, representing 0.43%
of Issuer's issued and outstanding shares (based on 4,889,609 shares
outstanding at January 30, 1999). M Partners owns 9,400 shares of Issuer
Common Stock representing 0.19% of Issuer's issued and outstanding shares
(based on 4,889,609 shares outstanding at January 30, 1999). Mayfair owns
105,300 shares of Issuer Common Stock representing 2.15% of Issuer's issued
and outstanding shares (based on 4,889,609 shares outstanding at January 30,
1999).
Item 4(c)
Each Member is the sole beneficial owner of the securities
identified in subsection (a) above. Nixon, as sole the sole trustee of PSP,
has sole voting and dispositive power over the Issuer Common Stock owned by
Pension. MCM, as the sole general partner of Mission, has sole voting and
dispositive power over the Issuer Common Stock owned by Mission. MCM, as the
sole investment manager of an account established by Liberty, has sole voting
and dispositive power over the shares of Issuer Common Stock owned by
Liberty. MCM, as the sole investment manager of Horizion, has sole voting
and dispositive power over the shares of Issuer Common Stock owned by
Horizon. MCM, as the sole investment manager of an account established by M
Partners, has sole voting and dispositive power over the Issuer Common Stock
owned by M Partners. LLC, as the sole general partner of Mayfair, has sole
voting and dispositive power over the Issuer Common Stock owned by Mayfair.
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable
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 or effect.
<PAGE>
SCHEDULE 13G
CUSIP No. 248221103 Page 10 of 11
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.
Dated: March 11, 1999
MCM Profit Sharing Plan DLJSC - Custodian
FBO Geoffrey Nixon
By: /s/ Geoffrey Nixon
-----------------------------------------
Geoffrey Nixon, Trustee
MISSION PARTNERS, L.P.
By: MCM Associates, Ltd., General Partner
By: /s/ Geoffrey Nixon
-----------------------------------------
Geoffrey Nixon, President
LIBERTY NOMINEES LIMITED
By: MCM Associates, Ltd., Investment
Manager
By: /s/ Geoffrey Nixon
-----------------------------------------
Geoffrey Nixon, President
HORIZON OFFSHORE, LTD.
By: /s/ Geoffrey Nixon
-----------------------------------------
Geoffrey Nixon, Director
M PARTNERS, L.P.
By: MCM Associates, Ltd., Investment
Manager
By: /s/ Geoffrey Nixon
-----------------------------------------
Geoffrey Nixon, President
MAYFAIR CAPITAL FUND, L.P.
By: MCM Capital Management, LLC,
General Partner
By: /s/ Geoffrey Nixon
-----------------------------------------
Geoffrey Nixon, Manager
<PAGE>
SCHEDULE 13G
CUSIP No. 248221103 913483 10 3 Page 11 of 11
JOINT FILING AGREEMENT
JOINT FILING AGREEMENT made as of this 11th day of March, 1999, by and
among MCM PROFIT SHARING PLAN DLJSC - CUSTODIAN FBO GEOFFREY NIXON, MISSION
PARTNERS, L.P., LIBERTY NOMINEES LIMITED, HORIZON OFFSHORE, LTD., M PARTNERS,
L.P. and MAYFAIR CAPITAL FUND, L.P.
W I T N E S S E T H :
WHEREAS, MCM PROFIT SHARING PLAN DLJSC - CUSTODIAN FBO GEOFFREY NIXON,
MISSION PARTNERS, L.P., LIBERTY NOMINEES LIMITED, HORIZON OFFSHORE, LTD., M
PARTNERS, L.P. and MAYFAIR CAPITAL FUND, L.P. collectively beneficially own
more than five (5%) percent of the issued and outstanding common stock, $0.01
par value, of Denali Incorporation ("Issuer Common Stock"), a Delaware
corporation; and
WHEREAS, the parties desire to jointly file a Schedule 13G with the SEC,
NOW, THEREFORE, the parties agree as follows:
1. MCM PROFIT SHARING PLAN DLJSC - CUSTODIAN FBO GEOFFREY NIXON,
MISSION PARTNERS, L.P., LIBERTY NOMINEES LIMITED, HORIZON OFFSHORE, LTD., M
PARTNERS, L.P. and MAYFAIR CAPITAL FUND, L.P. hereby agree to jointly file a
Schedule 13G with the SEC regarding the beneficial ownership of Issuer Common
Stock and to file any and all amendments and supplements thereto.
2. This Agreement contains the entire agreement among the parties
concerning the subject matter hereof and may not be amended, modified or
changed except pursuant to a written instrument signed by all parties.
IN WITNESS WHEREOF, the parties have signed this Agreement the day and
year first above written.
MCM PROFIT SHARING PLAN HORIZON OFFSHORE, LTD.
DLJSC - CUSTODIAN FBO GEOFFREY NIXON
By: /s/ Geoffrey Nixon By: /s/ Geoffrey Nixon
----------------------------- ---------------------------
Geoffrey Nixon, Trustee Geoffrey Nixon, Director
MISSION PARTNERS, L.P. M PARTNERS, L.P.
By: MCM Associates, Ltd., By: MCM Associates, Ltd.,
General Partner Investment Manager
By: /s/ Geoffrey Nixon By: /s/ Geoffrey Nixon
----------------------------- ---------------------------
Geoffrey Nixon, President Geoffrey Nixon, President
LIBERTY NOMINEES LIMITED MAYFAIR CAPITAL FUND, L.P.
By: MCM Associates, Ltd., By: MCM Capital Management, LLC,
Investment Manager General Partner
By: /s/ Geoffrey Nixon By: /s/ Geoffrey Nixon
----------------------------- ---------------------------
Geoffrey Nixon, President Geoffrey Nixon, Manager
