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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. 2)*
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)
January 24, 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-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).
SEC 1746 (12-91)
<PAGE>
SCHEDULE 13D
- ----------------------------------- --------------------------------
CUSIP No. 16808812 Page 2 of 13 Pages
----------------------- -- ---
- ----------------------------------- --------------------------------
- --------------------------------------------------------------------------------
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
ITEM|_|(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 48,250
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
------------------------------------------------------------------
8 SHARED VOTING POWER
None
------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
48,250
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,250
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.24%
- --------------------------------------------------------------------------------
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
<PAGE>
SCHEDULE 13D
- ----------------------------------- --------------------------------
CUSIP No. 16808812 Page 3 of 13 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
ITEM 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 48,250
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
------------------------------------------------------------------
8 SHARED VOTING POWER
None
------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
48,250
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,250
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.24%
- --------------------------------------------------------------------------------
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 ATTESTATION.
2 OF 7
<PAGE>
SCHEDULE 13D
- ----------------------------------- --------------------------------
CUSIP No. 16808812 Page 4 of 13 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
ITEM 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 48,250
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
------------------------------------------------------------------
8 SHARED VOTING POWER
None
------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
48,250
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,250
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.24%
- --------------------------------------------------------------------------------
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
<PAGE>
SCHEDULE 13D
- ----------------------------------- --------------------------------
CUSIP No. 16808812 Page 5 of 13 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 DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 48,250
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
------------------------------------------------------------------
8 SHARED VOTING POWER
None
------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
48,250
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,250
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.24%
- --------------------------------------------------------------------------------
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
<PAGE>
Page 6 of 13
AMENDMENT NO. 2 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), except for Alan L.
Rivera, 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
<PAGE>
Page 7 of 13
private companies. Millbrook's officers are: John S. Dyson, Chairman; Clay B.
Lifflander, President; David H. Bova, Vice President; and Alan L. Rivera,
Secretary, Chief Financial Officer and General Counsel. (Collectively, Messrs.
Dyson, Lifflander, Bova and Rivera are herein referred to as the "Millbrook
Principals".) Each of the Millbrook Principals are the directors of Millbrook.
Together with Millbrook, each of the Millbrook Principals, except for Alan L.
Rivera, are 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 48,250 Shares beneficially owned by the
Reporting Persons was approximately $1,626,795, 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.
<PAGE>
Page 8 of 13
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 January 22, 1997, MMI directly and beneficially owns (as defined
by Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Act"))
48,250 Shares, or 8.24% of the 585,748 Shares outstanding as of September 30,
1996 as reported by the Company in its Quarterly Report on Form 10-Q for the
quarter ended September 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 48,250 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.
<PAGE>
Page 9 of 13
Item 7. Material to Be Filed as Exhibits
Exhibit 1 Schedule of Transactions.
Exhibit 2 Joint Filing Agreement dated January 24, 1997.
<PAGE>
Page 10 of 13
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: /s/ Clay B. Lifflander
------------------------------------
Clay B. Lifflander
President, Millbrook
Capital Management Inc.
MILLBROOK CAPITAL MANAGEMENT INC.
By: /s/ Clay B. Lifflander
------------------------------------
President
JOHN S. DYSON
/s/ John S. Dyson
---------------------------------------
CLAY B. LIFFLANDER
/s/ Clay B. Lifflander
--------------------------------------
Dated: January 24, 1997
<PAGE>
Page 11 of 13
EXHIBIT 1
Shares Price
Date Purchased Per Share
3/7/96 4,000 33.00
3/7/96 1,300 38.38
3/11/96 200 34.00
3/11/96 100 33.88
3/12/96 650 33.75
3/12/96 800 34.00
3/15/96 500 34.38
3/15/96 2,000 34.75
3/20/96 2,100 34.50
3/22/96 500 35.25
4/1/96 100 35.25
4/9/96 1,500 34.38
4/12/96 200 34.88
4/15/96 300 34.50
4/18/96 800 34.50
4/19/96 900 34.38
4/22/96 200 32.88
4/23/96 2,000 33.25
4/23/96 1,000 33.38
4/26/96 100 31.25
4/26/96 500 32.50
4/26/96 400 32.25
4/26/96 1,000 32.50
4/29/96 5,200 32.79
4/30/96 6,400 32.88
5/1/96 300 33.13
5/3/96 100 33.25
5/7/96 300 33.25
5/9/96 1,000 34.00
5/9/96 200 34.25
5/9/96 200 34.50
5/9/96 800 34.75
5/9/96 300 35.00
5/9/96 200 35.25
<PAGE>
Page 12 of 13
5/9/96 100 35.50
5/9/96 100 35.75
5/9/96 200 35.88
5/9/96 300 36.00
5/17/96 100 34.75
5/20/96 200 34.75
5/20/96 100 34.54
5/29/96 200 34.75
5/29/96 900 34.75
6/3/96 1000 34.50
6/4/96 100 34.75
6/25/96 1000 35.00
6/26/96 800 34.75
7/2/96 100 34.50
7/3/96 200 34.50
7/3/96 100 34.50
7/9/96 100 34.00
7/9/96 300 34.50
7/11/96 600 34.50
8/28/96 100 32.50
8/28/96 100 32.75
8/28/96 100 32.75
9/12/96 100 32.13
9/16/96 100 32.00
9/26/97 100 32.13
1/22/97 5,000 33.00
<PAGE>
Page 13 of 13
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 second 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: /s/ Clay B. Lifflander
------------------------------------
Clay B. Lifflander
President, Millbrook
Capital Management Inc.
MILLBROOK CAPITAL MANAGEMENT INC.
By: /s/ Clay B. Lifflander
------------------------------------
Clay B. Lifflander
President
JOHN S. DYSON
/s/ John S. Dyson
---------------------------------------
CLAY B. LIFFLANDER
/s/ Clay B. Lifflander
--------------------------------------
Dated: January 24, 1997
<PAGE>
