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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)*
C. H. Heist Corp.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, Par Value $.05 per share
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(Title of Class of Securities)
423076108000
- --------------------------------------------------------------------------------
(CUSIP Number)
Mia Jensen, c/o The Burton Partnership, Limited Partnership
Post Office Box 4643 Jackson, Wyoming 83001
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
11/30/98
- --------------------------------------------------------------------------------
(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-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [X]. (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-1(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).
<PAGE> 2
SCHEDULE 13D
CUSIP NO. 423076108000 PAGE 2 OF 8 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Burton Partnership, Limited Partnership
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
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 limited partnership
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7 SOLE VOTING POWER
NUMBER OF
SHARES 197,100 shares
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING -0- shares
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0- shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0- shares
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
197,100 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*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.
<PAGE> 3
SCHEDULE 13D
CUSIP NO. 423076108000 PAGE 3 OF 8 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Donald W. Burton
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 197,100 shares
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING -0-
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0-
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
197,100
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%
- --------------------------------------------------------------------------------
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.
<PAGE> 4
CUSIP #423076108000 SCHEDULE 13D PAGE 4 of 8 PAGES
ITEM 1. SECURITY AND ISSUER
This statement relates to shares of Common Stock, Par Value $.05 Per
Share (the "Shares"), of C.H. Heist Corp. (the "Company"), having its principal
executive offices at 810 North Belcher Road, Clearwater, Florida 34625.
ITEM 2. IDENTITY AND BACKGROUND
This statement is being filed by The Burton Partnership, Limited
Partnership having its principal offices at P.O. Box 4643, Jackson, Wyoming
83001; and the general partner of The Burton Partnership, Limited Partnership,
Donald W. Burton. The principal business of The Burton Partnership, Limited
Partnership is investment in public and private stocks. The general partner's
principal occupation is an investor.
The business address of the general partner is c/o The Burton
Partnership, Limited Partnership.
During the five years prior to the date hereof, neither The Burton
Partnership, Limited Partnership, nor its general partner has been convicted in
a criminal proceeding or has been a party to a civil proceeding ending in 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.
The general partner is a United States citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The Burton Partnership, Limited Partnership acquired a total of 154,900
shares of C.H. Heist Corp. through open market transactions during a period
beginning May 6, 1996 and ending November 30, 1998 at prices ranging from $6.50
to 7.125 per share, for an aggregate purchase price of $1,340,588.
No part of the purchase price paid by The Burton Partnership, Limited
Partnership for shares was represented by funds or other consideration borrowed
or otherwise obtained for the purpose of acquiring, holding, trading or voting
shares of C.H. Heist Corp.
<PAGE> 5
CUSIP #423076108000 SCHEDULE 13D PAGE 5 of 8 PAGES
ITEM 4. PURPOSE OF THE TRANSACTION
The Burton Partnership, Limited Partnership has purchased the Shares
for investment purposes only.
a. Depending on market conditions, its continuing evaluation of the
business and prospects of C.H. Heist Corp. and other factors, The Burton
Partnership, Limited Partnership may buy or sell additional shares in the open
market. Neither The Burton Partnership, Limited Partnership, nor the general
partner has any present plans which relate to or would result in:
b. An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving C.H. Heist Corp. or any of its
subsidiaries;
c. A sale or transfer of a material amount of assets of C.H. Heist
Corp. or any of its subsidiaries;
d. Any change in the present board of directors or management of the
issuer, including any plans or proposals to change the number of tern directors
or to fill any existing vacancies on the board;
e. Any material change in the present capitalization or dividend policy
of C.H. Heist Corp.;
f. Any other material change in C.H. Heist Corp. business or corporate
structure, including, but not limited to, if C.H. Heist is a closed-end
investment company, any plans or proposals to make any changes in its investment
policy for which a vote is required by section 13 of the Investment Company Act
of 1940;
g. Changes in C.H. Heist Corp.'s charter or bylaws or other actions
which may impede the acquisition if control of C.H. Heist by any person;
h. Causing a class of securities of C.H. Heist Corp. to be delisted
from a national securities exchange or to cease to be authorized to be quoted in
an inter-dealer quotation system of a registered national securities
association;
i. A class of equity securities of C.H. Heist Corp. becoming eligible
for termination of registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934; or
j. Any action similar to any of those enumerated above.
<PAGE> 6
CUSIP #423076108000 SCHEDULE 13D PAGE 6 of 8 PAGES
ITEM 5. INTEREST IN SECURITIES AND THE ISSUER
By virtue of his status as general partner of The Burton Partnership,
Limited Partnership, Donald W. Burton may thus be deemed to be beneficial owner
of the 197,100 shares which The Burton Partnership, Limited Partnership owns of
record, representing 6.9% of the Company. Donald W. Burton may thus be deemed to
share with The Burton Partnership, Limited Partnership the power to direct the
voting and disposition of the shares which The Burton Partnership, Limited
Partnership own of record.
The aggregate 197,100 shares purchased by The Burton Partnership,
Limited Partnership were obtained in the following open market transactions.
<TABLE>
<CAPTION>
(1) (2) (3) (4) (5)
Person who
Effected Settlement Date Number of Price Per Brokerage House & How
Transaction of Transaction Shares Share Transactions was Effected
<S> <C> <C> <C> <C>
General Partner 05/06/96 10,000 7.25 J. C. Bradford - Purchase
General Partner 06/25/98 900 6.88 J. C. Bradford - Purchase
General Partner 07/16/98 9,100 7.13 J. C. Bradford - Purchase
General Partner 07/31/98 700 7.13 J. C. Bradford - Purchase
General Partner 08/04/98 500 7.13 J. C. Bradford - Purchase
General Partner 08/05/98 1,000 7.13 J. C. Bradford - Purchase
General Partner 08/10/98 10,000 7 J. C. Bradford - Purchase
General Partner 08/10/98 7,800 7.13 J. C. Bradford - Purchase
General Partner 08/14/98 1,600 7.13 J. C. Bradford - Purchase
General Partner 08/17/98 5,400 7 J. C. Bradford - Purchase
General Partner 08/17/98 8,400 7.13 J. C. Bradford - Purchase
General Partner 09/01/98 1,600 6.75 J. C. Bradford - Purchase
General Partner 09/01/98 4,600 7 J. C. Bradford - Purchase
General Partner 09/03/98 8,100 6.75 J. C. Bradford - Purchase
General Partner 09/04/98 400 6.75 J. C. Bradford - Purchase
General Partner 09/04/98 300 6.75 J. C. Bradford - Purchase
General Partner 09/23/98 3,000 6.75 J. C. Bradford - Purchase
General Partner 09/24/98 900 6.75 J. C. Bradford - Purchase
</TABLE>
<PAGE> 7
CUSIP #423076108000 SCHEDULE 13D PAGE 7 of 8 PAGES
<TABLE>
<CAPTION>
(1) (2) (3) (4) (5)
Person who
Effected Settlement Date Number of Price Per Brokerage House & How
Transaction of Transaction Shares Share Transactions was Effected
<S> <C> <C> <C> <C>
General Partner 09/28/98 1,600 6.75 J. C. Bradford - Purchase
General Partner 10/05/98 1,900 6.75 J. C. Bradford - Purchase
General Partner 10/02/98 200 6.75 J. C. Bradford - Purchase
General Partner 10/06/98 400 6.75 J. C. Bradford - Purchase
General Partner 10/01/98 400 6.75 J. C. Bradford - Purchase
General Partner 10/07/98 4,200 6.75 J. C. Bradford - Purchase
General Partner 10/07/98 1,200 6.75 J. C. Bradford - Purchase
General Partner 10/08/98 5,800 6.75 J. C. Bradford - Purchase
General Partner 10/14/98 3,000 6.5 J. C. Bradford - Purchase
General Partner 10/15/98 2,000 6.5 J. C. Bradford - Purchase
General Partner 10/19/98 600 6.5 J. C. Bradford - Purchase
General Partner 10/21/98 3,000 6.5 J. C. Bradford - Purchase
General Partner 10/22/98 800 6.5 J. C. Bradford - Purchase
General Partner 10/23/98 600 6.5 J. C. Bradford - Purchase
General Partner 10/28/98 20,000 6.75 J. C. Bradford - Purchase
General Partner 10/30/98 22,200 6.75 J. C. Bradford - Purchase
General Partner 11/16/98 12,700 6.75 J. C. Bradford - Purchase
-------
154,900 $1,064,100
General Partner 11/24/98 10,000 6.71880 J. C. Bradford - Purchase
General Partner 11/30/98 32,200 6.50 J. C. Bradford - Purchase
-------
42,200
-------
TOTAL 197,100 $1,340,588
======= ==========
</TABLE>
No other person is known to have the right to receive or the power to
direct the receipt of dividends from, or any proceeds from the sale of, the
shares beneficially owned by The Burton Partnership, Limited Partnership and the
general partner
<PAGE> 8
CUSIP #423076108000 SCHEDULE 13D PAGE 8 of 8 PAGES
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
Except as described elsewhere herein, there are no contracts,
arrangements, understandings or relationships (legal or otherwise) among The
Burton Partnership, Limited Partnership and the general partner or between any
such person and any other person with respect to the securities, finder's fees,
joint ventures, loan or option arrangements, puts or calls, guarantees of
profits, division of profits or loss or the giving or withholding of proxies.
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Dated: December 15, 1998 The Burton Partnership, Limited Partnership
By: /s/ DONALD W. BURTON
----------------------------------------
Donald W. Burton, General Partner
