UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
KERR GROUP, INC.
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(NAME OF ISSUER)
COMMON STOCK
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(TITLE OF CLASS OF SECURITIES)
492376 10 8
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(CUSIP Number)
Nelson Obus, Wynnefield Partners Small Cap Value, L.P.
One Penn Plaza, Suite 4720, New York, New York 10119, (212) 760-0134
and
Jesse R. Meer, Esq.
Berlack, Israels & Liberman, LLP,
120 West 45th Street, New York, N.Y. 10036, (212) 704-0100
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(NAME, ADDRESS AND TELEPHONE NUMBER
OF PERSONS AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)
December 4, 1996
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(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-I(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.)
(Page 1 of 4 Pages)
<PAGE>
SCHEDULE 13D
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CUSIP NO. 492376108 PAGE 2 OF 4 PAGES
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1 NAME OF REPORTING PERSON: WYNNEFIELD PARTNERS SMALL CAP VALUE, L. P.
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON: 13-3688497
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS (2)(d) OR (e) [ ]
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
NUMBER OF 224,300
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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8 SHARED VOTING POWER
NONE
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9 SOLE DISPOSITIVE POWER
224,300
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10 SHARED DISPOSITIVE POWER
NONE
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
224,300 SHARES
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.703%
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14 TYPE OF REPORTING PERSON
PN
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(Page 2 of 4 Pages)
<PAGE>
SCHEDULE 13D
ITEM 1. SECURITY AND ISSUER.
This statement relates to shares of the common stock, of Kerr Group, Inc.
(the "Issuer"). The Issuer's principal executive offices are located at 500 New
Holland Avenue, Lancaster, PA 17602.
ITEM 2. IDENTITY AND BACKGROUND.
This statement is being filed by Wynnefield Partners Small Cap Value, L.P.,
a limited partnership formed under the laws of the State of Delaware (the
"Partnership"). The principal business of the Partnership is investments, and
the address of its principal offices is One Penn Plaza, Suite 4720, New York,
New York 10119.
Nelson Obus and Joshua Landes are the general partners of the Partnership,
and their principal business address is the same as the Partnership's. The
principal occupations of Messrs. Obus and Landes are acting as the general
partners and managing investments of the Partnership.
During the past five years, neither the Partnership, Mr. Obus nor
Mr. Landes (a) has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (b) has been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction, as a
result of which it or he 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.
Messrs. Obus and Landes are citizens of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUND OR OTHER CONSIDERATION.
224,300 shares of the Issuer were purchased by the Partnership for cash
aggregating $958,494 including commissions. The cash was provided from the
working capital of the Partnership.
ITEM 4. PURPOSE OF TRANSACTION.
The Partnership intends to monitor the Issuer's efforts to restructure its
existing debt and to carefully evaluate any proposed related recapitalization
which would affect shareholder value. The Securities were purchased for
investment and to enhance the Partnership's ability to monitor and evaluate the
Issuer's restructuring and recapitalization plans.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The Partnership owns 224,300 shares of the common stock of the Issuer (the
"Securities"). The Securities represent approximately 5.703% of the common stock
of the Issuer outstanding as of October 23, 1996, based on the Issuer's most
recent quarterly report on Form 10-Q.
Messrs. Obus and Landes, the general partners of the Partnership, have the
sole power to vote, or to direct the vote, or to direct the sale or other
disposition of, the Securities held by the Partnership. Messrs. Obus and Landes,
as the general partners of the Partnership, have the sole power to receive or to
direct the receipt of the proceeds from the sale of the Securities, or any
dividends paid with respect to the Securities held by the Partnership.
The Partnership purchased the Securities as set forth in the following
table:
(Page 3 of 4 Pages)
<PAGE>
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NUMBER OF SHARES PURCHASE
DATE OF PURCHASE PURCHASED PRICE
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December 18, 1995 3,200 28,992.00
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December 18, 1995 10,000 90,600.00
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December 20, 1995 1,000 9,045.00
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December 21, 1995 600 5,580.00
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December 26, 1995 13,000 128,895.00
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January 8, 1996 1,700 16,464.50
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January 9, 1996 500 4,842.50
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January 10, 1996 1,800 17,433.00
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May 13, 1996 5,000 24,500.00
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May 13, 1996 7,000 32,540.00
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May 14, 1996 5,000 24,000.00
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May 29, 1996 8,000 39,480.00
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June 14, 1996 8,500 40,162.50
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June 19, 1996 4,700 22,207.50
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June 27, 1996 10,000 40,700.00
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July 1, 1996 2,500 10,800.00
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July 16, 1996 5,000 20,350.00
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July 16, 1996 5,000 20,350.00
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July 16, 1996 5,000 20,350.00
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July 19, 1996 5,000 19,725.00
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July 29, 1996 1,300 4,478.50
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August 5, 1996 5,000 15,300.00
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August 21, 1996 5,000 12,000.00
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August 21, 1996 5,000 12,000.00
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August 21, 1996 5,000 12,175.00
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August 21, 1996 6,200 15,079.00
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October 30, 1996 10,000 33,100.00
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October 31, 1996 14,000 46,200.00
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November 11, 1996 3,500 10,237.50
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November 12, 1996 1,000 2,925.00
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November 13, 1996 900 2,632.50
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November 14, 1996 7,000 20,475.00
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November 18, 1996 11,000 33,550.00
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November 25, 1996 15,000 38,250.00
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December 3, 1996 1,200 3,072.00
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December 3, 1996 2,500 6,637.50
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December 4, 1996 18,200 47,847.00
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December 6, 1996 4,400 11,220.00
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December 9, 1996 5,600 14,280.00
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ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Neither the Partnership, Mr. Obus nor Mr. Landes has any contracts,
arrangements, understandings or relationships (legal or otherwise) with respect
to the Securities. None of the Securities is pledged or otherwise subject to a
contingency, the occurrence of which would give another person voting or
investment power over the Securities.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None
<PAGE>
SIGNATURES
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.
December 13, 1996
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(Date)
WYNNEFIELD PARTNERS SMALL
CAP VALUE, L.P.
By: /s/ NELSON OBUS
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(Signature)
Nelson Obus General Partner
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(Name/Title)
(Page 4 of 4 Pages)
