SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE l3D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
NEW ENGLAND BUSINESS SERVICE, INC.
(Name of Issuer)
Common Stock ($1.00 par value)
(Title of Class of Securities)
643872104
(CUSIP Number)
Jose Jaramillo
Palisade Capital Management, L.L.C.
One Bridge Plaza
Fort Lee, New Jersey 07024
(201) 585-7733
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
December 17, 1999
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule l3G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box. [_]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7(b) 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).
<PAGE>
CUSIP No. 643872104
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1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(entities only):
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Palisade Capital Management, L.L.C./I.R.S. Identification No.
22-3330049
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2) Check the Appropriate Box if a Member of a Group (See Instructions):
(a) Not
(b) Applicable
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3) SEC Use Only
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4) Source of Funds (See Instructions): OO
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5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e): Not Applicable
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6) Citizenship or Place of Organization: New Jersey
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Number of 7) Sole Voting Power: 1,107,849*
Shares Beneficially 8) Shared Voting Power: 0
Owned by
Each Reporting 9) Sole Dispositive Power: 1,107,849*
Person With 10) Shared Dispositive Power: 0
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11) Aggregate Amount Beneficially Owned by Each Reporting Person:
1,107,849*
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions): Not Applicable
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13) Percent of Class Represented by Amount in Row (11): 8.0%*
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14) Type of Reporting Person (See Instructions): IA
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* Palisade Capital Management, L.L.C. ("Palisade") is a registered investment
advisor which has total discretionary authority over the accounts of its
clients. 1,107,849 shares (8.0%) of the common stock, par value $1.00 per share
(the "Common Stock"), of New England Business Service, Inc. (the "Company")
beneficially owned by Palisade, over which it has sole power to vote and direct
the disposition of, are held on behalf of its clients. No one such client
account contains more than five percent of the Common Stock of the Company.
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<PAGE>
Palisade Capital Management, L.L.C. ("Palisade") hereby amends the Schedule
13D filed with the Securities and Exchange Commission on November 17, 1999
relating to the shares of New England Business Service, Inc. (the "Company")
common stock, $1.00 par value (the "Common Stock"), as follows:
Item 5. Interest in Securities of the Issuer.
Based upon information set forth in the Company's Quarterly Report on Form
10-Q for the quarterly period ended September 25, 1999, as of November 4, 1999
there were outstanding 13,855,212 shares of the Common Stock. As of December 17,
1999, 1,107,849 shares (8.0%) of the Common Stock are owned by Palisade on
behalf of its clients in accounts over which Palisade has total investment
discretion. Therefore, Palisade possesses sole power to vote and direct the
disposition of all shares of the Common Stock beneficially owned by it.
The following table details the transactions since the filing of the
Schedule 13D dated as of November 9, 1999, in the Common Stock by Palisade or
any other person or entity controlled by Palisade or any person or entity for
which Palisade possesses voting or investment control over the securities
thereof, each of which was effected in an ordinary brokerage transaction:
(Purchases)
NONE
(Sales)
Date Quantity Price
---- -------- -----
December 15, 1999 35,000 $22.95
December 17, 1999 13,000 $22.95
December 17, 1999 1,000 $22.92
Additionally on December 17, 1999, a client of Palisade whose account held
188,000 shares of Common Stock (the "Terminated Shares") terminated its
relationship with Palisade so that Palisade no longer possessed any voting
and/or dispositive power over the Terminated Shares; accordingly, for the
purposes of Regulation 13D Section 240.13d-3, Palisade is no longer deemed
beneficial owner of the Terminated Shares.
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<PAGE>
Signature
After reasonable inquiry and to the best of the undersigned's knowledge and
belief, the undersigned hereby certifies that the information set forth in this
statement is true, complete and correct.
December 30, 1999
/s/Steven E. Berman
-----------------------------------
Steven E. Berman, in his capacity as
a member of Palisade Capital Management, L.L.C.
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).
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