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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Chicago Rivet & Machine Co.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock - $2.00 Par Value
- ------------------------------------------------------------------------------
(Title of Class of Securities)
168088102
-----------------------------------------------
(CUSIP Number)
Clay Lifflander, President
MMI Investments, L.L.C.
RR1 Box 167D, Wing Road, Millbrook, New York 12545
- ------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
September 16, 1996
-------------------------------------------------
(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-l(b)(3) or (4), check the
following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A
fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent
of the class of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership of five percent
or less of such class.) (See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-l(a) for other parties to whom
copies are to be sent.
*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 disclosures provided in a prior cover page.
The information required on 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).
SCHEDULE 13D
CUSIP No. 16808812 Page 2 of 14 Page
----------------------- --- -----
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MMI Investments, L.L.C.
I.R.S. Identification No. -- 22-3118262
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC,OO (See Item 3)
- ------------------------------------------------------------------------------
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
SHARES 43,150
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING None
PERSON ---------------------------------------------------------------
WITH 9 SOLE VOTING POWER
43,150
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,150
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.37%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO (See Item 2)
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 2 OF 7
SCHEDULE 13D
CUSIP No. 16808812 Page 3 of 14 Pages
------------------ --- ----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Millbrook Capital Management Inc.
I.R.S. Identification No. -- 13-3540644
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
43,150
NUMBER OF ---------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY None
EACH ---------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 43,150
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,150
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.37%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE TTESTATION. 2 OF 7
SCHEDULE 13D
CUSIP No. 16808812 Page 4 of 14 Pages
----------------------- --- -----
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John S. Dyson
Social Security No. --
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
43,150
NUMBER OF ----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY None
EACH ----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 43,150
----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,150
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.37%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 2 OF 7
SCHEDULE 13D
CUSIP No. 16808812 Page 5 of 14 Pages
--------------------- --- ----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Clay B. Lifflander
Social Security No. -- ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 43,150
BENEFICIALLY -----------------------------------------------------------
OWNED BY 8 SHARED VOTING PWOER
EACH
REPORTING None
PERSON -----------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
43,150
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
- -----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,150
- -----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- -----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.37%
- -----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 2 OF 7
AMENDMENT NO. 1 TO SCHEDULE 13D
-------------------------------
The Statement on Schedule 13D, dated May 9, 1996, (the "Schedule
13D") of MMI Investments, L.L.C. ("MMI"), Millbrook Capital Management,
Inc. ("Millbrook") and Clay B. Lifflander, relating to the Common Stock,
par value $2.00 per share (the "Shares") of Chicago Rivet and Machine Co.,
an Illinois corporation (the "Company"), is hereby amended by MMI,
Millbrook, John S. Dyson and Clay B. Lifflander as set forth below. Unless
otherwise defined herein, all capitalized terms have the meanings ascribed
to them in Schedule 13D.
Item 2. Identity and Background
Item 2 of Schedule 13D is amended in its entirety to read as follows:
(a) This statement is being filed by each of the following, who are
collectively referred to herein as the "Reporting Persons":
1. MMI Investments, L.L.C., a Delaware limited liability company;
2. Millbrook Capital Management Inc., a New York corporation;
3. John S. Dyson, sole Stockholder, a Director and Chairman of
Millbrook; and
4. Clay B. Lifflander, a Director and President of Millbrook.
(b) The principal business address for each of the Reporting Persons
is RR1, Box 167D, Wing Road, Millbrook, New York 12545.
(c) MMI is a limited liability company organized under the Delaware
Limited Liability Company Act. MMI is engaged primarily in the business of
investing in securities. Millbrook is the Manager of MMI and, as such, it
has the sole power to vote and dispose of securities held by MMI.
Millbrook and each of the Millbrook Principals (as defined below) are
Members of MMI.
Millbrook is a corporation organized under the New York Business
Corporation Law. Millbrook is engaged primarily in the management of
investments in both publicly-traded companies and private companies.
Millbrook's officers are: John S. Dyson, Chairman; Clay B. Lifflander,
President; and David H. Bova, Vice President. (Collectively, Messrs.
Dyson, Lifflander and Bova are herein referred to as the "Millbrook
Principals".) The Millbrook Principals are the directors of Millbrook and
together with Millbrook are the Members of MMI. Mr. Lifflander has revoked
the proxy given previously to him by Mr. Dyson to vote the shares of
capital stock of Millbrook that Mr. Dyson owns. Following the revocation
of the proxy, Mr. Dyson has the power to vote the shares of Millbrook stock
he owns. The principal occupation of each of the Millbrook Principals is
in their respective capacities at MMI and Millbrook. The principal address
of each of the Millbrook Principals is RR1, Box 167D, Wing Road, Millbrook,
New York, 12545.
(d) During the last five years, none of the Reporting Persons or
Millbrook Principals has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors, if any).
(e) During the last five years, none of the Reporting Persons or
Millbrook Principals has been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result of such
proceeding 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.
(f) Each of the Millbrook Principals is a citizen of the United
States.
Item 3. Source and Amount of Funds or other Consideration.
Item 3 of Schedule 13D is amended in its entirety to read as follows:
The aggregate cost of the 43,150 Shares beneficially owned by the
Reporting Persons was approximately $1,458,077, including brokerage
commissions. The acquisition of Shares held by MMI was financed with funds
from MMI's working capital and general margin financing from a broker or
brokers pursuant to standard margin agreements. The positions held in the
margin accounts are pledged as collateral security for the repayment of
debit balances in such accounts.
Item 5. Interest in Securities of the Issuer
Item 5 of Schedule 13D is amended in its entirety to read as follows:
(a) As of September 16, 1996, MMI directly and beneficially owns (as
defined by Rule 13d-3 under the Securities Exchange Act of 1934, as amended
(the "Act")) 43,150 Shares, or 7.37% of the 585,748 Shares outstanding as
of June 30, 1996 as reported by the Company in its Quarterly Report on Form
10-Q for the quarter ended June 30, 1996.
Under Rule 13d-3 of the Act, each of Millbrook, as Manager of MMI
with sole power to vote and dispose of investments held by MMI, John Dyson,
as sole shareholder, Chairman and a Director of Millbrook with control of
Millbrook and, indirectly, power to vote and dispose of investments held by
MMI, and Clay Lifflander, as President and a Director of Millbrook with
control of Millbrook and, indirectly, power to vote and dispose of
investments held by MMI, has beneficial ownership of the Shares held by
MMI.
(b) Each of MMI, as the sole owner of the 43,150 Shares described
herein, Millbrook, as Manager of MMI, John Dyson, as sole shareholder,
Chairman and a Director of Millbrook with control of Millbrook and,
indirectly, power to vote and dispose of investments held by MMI, and Clay
Lifflander, as President and a Director of Millbrook with control of
Millbrook and, indirectly, power to vote and dispose of investments held by
MMI, has sole voting and dispositive power over such Shares.
(c) See Exhibit 1 attached hereto for a summary of MMI's purchases
of Shares to date, including the date of purchase, number of shares
purchased and the price per share of each purchase.
(d) Except as set forth herein, no person has the right to receive
or the power to direct the receipt of dividends from, or the proceeds from
the sale of, the Shares held by MMI.
(e) Not applicable.
Item 7. Material to Be Filed as Exhibits
Exhibit 1 Schedule of Transactions.
Exhibit 2 Joint Filing Agreement dated September 16, 1996.
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, each of the undersigned certifies that the information set
forth in this statement is true, complete and correct.
MMI INVESTMENTS, L.L.C.
By: Millbrook Capital Management Inc.
By:___________________________________
Clay B. Lifflander
President, Millbrook
Capital Management Inc.
MILLBROOK CAPITAL MANAGEMENT INC.
By:___________________________________
Clay B. Lifflander
President
JOHN S. DYSON
___________________________________
CLAY B. LIFFLANDER
___________________________________
Dated: September 16, 1996
EXHIBIT 1
Shares Price
Date Purchased Per Share
- ---- ---------- ---------
3/7 4,000 33.00
3/7 1,300 38.38
3/11 200 34.00
3/11 100 33.88
3/12 650 33.75
3/12 800 34.00
3/15 500 34.38
3/15 2,000 34.75
3/20 2,100 34.50
3/22 500 35.25
4/1 100 35.25
4/9 1,500 34.38
4/12 200 34.88
4/15 300 34.50
4/18 800 34.50
4/19 900 34.38
4/22 200 32.88
4/23 2,000 33.25
4/23 1,000 33.38
4/26 100 31.25
4/26 500 32.50
4/26 400 32.25
4/26 1,000 32.50
4/29 5,200 32.79
4/30 6,400 32.88
5/1 300 33.13
5/3 100 33.25
5/7 300 33.25
5/9 1,000 34.00
5/9 200 34.25
5/9 200 34.50
5/9 800 34.75
5/9 300 35.00
5/9 200 35.25
5/9 100 35.50
5/9 100 35.75
5/9 200 35.88
5/9 300 36.00
5/17 100 34.75
5/20 200 34.75
5/20 100 34.54
5/29 200 34.75
5/29 900 34.75
6/3 1000 34.50
5/4 100 34.75
6/25 1000 35.00
6/26 800 34.75
7/2 100 34.50
7/3 200 34.50
7/3 100 34.50
7/9 100 34.00
7/9 300 34.50
7/11 600 34.50
8/28 100 32.50
8/28 100 32.75
8/28 100 32.75
9/12 100 32.13
9/16 100 32.00
Exhibit 2
JOINT FILING AGREEMENT
In accordance with Rule 13d-l(f)(1)(iii)
under the Securities Exchange Act of 1934, as amended, the persons named
below agree to the joint filing on behalf of each of them of the first
amendment to the Statement on Schedule 13D originally filed on May 9, 1996
(and any subsequent amendments thereto) with respect to the Common Stock,
$2.00 par value per share, of Chicago Rivet & Machine Co. This Joint Filing
Agreement shall be filed as an Exhibit to such amendment.
MMI INVESTMENTS, L.L.C.
By: Millbrook Capital Management Inc.
By:___________________________________
Clay B. Lifflander
President, Millbrook
Capital Management Inc.
MILLBROOK CAPITAL MANAGEMENT INC.
By:___________________________________
Clay B. Lifflander
President
JOHN S. DYSON
___________________________________
CLAY B. LIFFLANDER
___________________________________
Dated: September 16, 1996
