<PAGE>
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OMB APPROVAL
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OMB Number:. . . . . . . . . . 3235-0145
Expires: . . . . . . . .October 31, 1994
Estimated average
burden hours per form. . . . . . 141.00
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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. 4)*
MAXXAM, INC.
- --------------------------------------------------------------------------------
Name of Issuer
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
577913106
- --------------------------------------------------------------------------------
CUSIP Number
PAUL H. STEPHENS: ROBERTSON, STEPHENS & COMPANY, INCORP0RATED
555 CALIFORNIA STREET, SUITE 2600, SAN FRANCISCO, CA 94104
(415) 781-9700
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
JUNE 9, 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-1(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-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>
- --------------------------------------------------------------------------------
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 577913106 Page 2 of 15 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Robertson Stephens Contrarian Fund
Tax I.D. 94-3174915
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
/ /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 500,000
OWNED --------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
500,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
5.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IV
- --------------------------------------------------------------------------------
*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>
- --------------------------------------------------------------------------------
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 577913106 Page 3 of 15 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Robertson Stephens Orphan Fund
Tax I.D. 94-3108651
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
/ /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 46,700
OWNED --------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
46,700
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,700
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IV
- --------------------------------------------------------------------------------
*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>
- --------------------------------------------------------------------------------
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 577913106 Page 4 of 15 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Robertson Stephens Global Natural Resources Fund
Tax I.D. 94-6688562
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
/ /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 68,600
OWNED --------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
68,600
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
68,600
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IV
- --------------------------------------------------------------------------------
*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>
- --------------------------------------------------------------------------------
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 577913106 Page 5 of 15 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Robertson Stephens Partners Fund
Tax I.D. 94-3221209
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
/ /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 85,500
OWNED --------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
85,500
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
85,500
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
1.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IV
- --------------------------------------------------------------------------------
*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>
- --------------------------------------------------------------------------------
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 577913106 Page 6 of 15 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Robertson Stephens Orphan Off-shore Fund
Tax I.D. N/A
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
/ /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 8,000
OWNED --------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IV
- --------------------------------------------------------------------------------
*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>
- --------------------------------------------------------------------------------
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 577913106 Page 7 of 15 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robertson, Stephens & Company, Incorporated
Tax I.D. 94-3172874See Exhibit A for a list of Executive Officers
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2.
- --------------------------------------------------------------------------------
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
0
--------------------------------------------------------
8 SHARED VOTING POWER
708,800 shares held of record by The Robertson
Stephens Orphan Fund of which Robertson, Stephens
& Co. Investment Management, L.P. and Bayview
Investors, Ltd. are the General Partners.
Includes shares held of record by The Robertson
Stephens Orphan Offshore Fund of which Robertson,
NUMBER OF Stephens & Co. Investment Management, L.P. is the
SHARES General Partner. Includes shares held of record by
BENEFICIALLY The Robertson Stephens Contrarian Fund of which
OWNED Robertson, Stephens & Co. Investment Management,
BY EACH L.P. is investment adviser. Includes shares held
REPORTING of record by The Robertson Stephens Global Natural
PERSON WITH Resources Fund of which Robertson, Stephens & Co.
Investment Management, L.P. is investment adviser.
Includes shares held of record by The Robertson
Stephens Partners Fund of which Robertson,
Stephens & Co. Investment Management, L.P. is
investment adviser See Item 5.)
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
708,800
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
708,800
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
8.2%
- --------------------------------------------------------------------------------
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
<PAGE>
- --------------------------------------------------------------------------------
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 577913106 Page 8 of 15 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bayview Investors LTD
Tax I.D. 94-3172874See Exhibit A for a list of Executive Officers
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds)See Item 2.
- --------------------------------------------------------------------------------
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
0
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 46,700 shares held of record by The Robertson
BENEFICIALLY Stephens Orphan Fund of which Robertson, Stephens
OWNED & Co. Investment Management, L.P. and Bayview
BY EACH Investors, Ltd. are the General Partners.
REPORTING --------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
46,700
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,700
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
.6%
- --------------------------------------------------------------------------------
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
<PAGE>
- --------------------------------------------------------------------------------
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 577913106 Page 9 of 15 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robertson, Stephens & Company Investment Management L.P.
Tax I.D. 94-3181687 See Exhibit A for a list of Executive Officers
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2.
- --------------------------------------------------------------------------------
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
0
--------------------------------------------------------
8 SHARED VOTING POWER
708,800 shares held of record by The Robertson
Stephens Orphan Fund of which Robertson, Stephens
& Co. Investment Management, L.P. and Bayview
Investors, Ltd. are the General Partners.
Includes shares held of record by The Robertson
Stephens Orphan Offshore Fund of which Robertson,
NUMBER OF Stephens & Co. Investment Management, L.P. is the
SHARES General Partner. Includes shares held of record
BENEFICIALLY by The Robertson Stephens Contrarian Fund of
OWNED which Robertson, Stephens & Co. Investment
BY EACH Management, L.P. is investment adviser. Includes
REPORTING shares held of record by The Robertson Stephens
PERSON WITH Global Natural Resources Fund of which Robertson,
Stephens & Co. Investment Management, L.P. is
investment adviser. Includes shares held of record
by The Robertson Stephens Partners Fund of which
Robertson, Stephens & Co. Investment Management,
L.P. is investment adviser See Item 5.)
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
708,800
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
708,800
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
8.2%
- --------------------------------------------------------------------------------
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
<PAGE>
- --------------------------------------------------------------------------------
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 577913106 Page 10 of 15 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Paul Stephens
Tax I.D. ###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
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
5,100
--------------------------------------------------------
8 SHARED VOTING POWER
708,800 shares held of record by The Robertson
Stephens Orphan Fund of which Robertson,
Stephens & Co. Investment Management, L.P. and
Bayview Investors, Ltd. are the General Partners.
Includes shares held of record by The Robertson
Stephens Orphan Offshore Fund of which Robertson,
NUMBER OF Stephens & Co. Investment Management, L.P. is the
SHARES General Partner. Includes shares held of record
BENEFICIALLY by The Robertson Stephens Contrarian Fund of which
OWNED Robertson, Stephens & Co. Investment Management,
BY EACH L.P. is investment adviser. Includes shares held
REPORTING of record by The Robertson Stephens Global Natural
PERSON WITH Resources Fund of which Robertson, Stephens & Co.
Investment Management, L.P. is investment adviser.
Includes shares held of record by The Robertson
Stephens Partners Fund of which Robertson,
Stephens & Co. Investment Management, L.P. is
investment adviser See Item 5.)
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
5,100
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
708,800
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
713,900
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
8.2%
- --------------------------------------------------------------------------------
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>
- --------------------------------------------------------------------------------
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 577913106 Page 11 of 15 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sanford Robertson
Tax I.D. ###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2.
- --------------------------------------------------------------------------------
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
0
--------------------------------------------------------
8 SHARED VOTING POWER
708,800 shares held of record by The Robertson
Stephens Orphan Fund of which Robertson, Stephens
& Co. Investment Management, L.P. and Bayview
Investors, Ltd. are the General Partners. Includes
shares held of record by The Robertson Stephens
Orphan Offshore Fund of which Robertson, Stephens
NUMBER OF & Co. Investment Management, L.P. is the General
SHARES Partner. Includes shares held of record by The
BENEFICIALLY Robertson Stephens Contrarian Fund of which
OWNED Robertson, Stephens & Co. Investment Management,
BY EACH L.P. is investment adviser. Includes shares held
REPORTING of record by The Robertson Stephens Global Natural
PERSON WITH Resources Fund of which Robertson, Stephens & Co.
Investment Management, L.P. is investment adviser.
Includes shares held of record by The Robertson
Stephens Partners Fund of which Robertson,
Stephens & Co. Investment Management, L.P. is
investment adviser See Item 5.)
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
708,800
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
708,800
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
8.2%
- --------------------------------------------------------------------------------
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>
- --------------------------------------------------------------------------------
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 577913106 Page 12 of 15 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael G. McCaffery
Tax I.D. ###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2.
- --------------------------------------------------------------------------------
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
0
--------------------------------------------------------
8 SHARED VOTING POWER
708,800 shares held of record by The Robertson
Stephens Orphan Fund of which Robertson, Stephens
& Co. Investment Management, L.P. and Bayview
Investors, Ltd. are the General Partners. Includes
shares held of record by The Robertson Stephens
Orphan Offshore Fund of which Robertson, Stephens
NUMBER OF & Co. Investment Management, L.P. is the General
SHARES Partner. Includes shares held of record by The
BENEFICIALLY Robertson Stephens Contrarian Fund of which
OWNED Robertson, Stephens & Co. Investment Management,
BY EACH L.P. is investment adviser. Includes shares held
REPORTING of record by The Robertson Stephens Global Natural
PERSON WITH Resources Fund of which Robertson, Stephens & Co.
Investment Management, L.P. is investment adviser.
Includes shares held of record by The Robertson
Stephens Partners Fund of which Robertson,
Stephens & Co. Investment Management, L.P. is
investment adviser See Item 5.)
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
708,800
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
708,800
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
8.2%
- --------------------------------------------------------------------------------
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>
- --------------------------------------------------------------------------------
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 577913106 Page 13 of 15 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
G. Randy Hecht
Tax I.D. ###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2.
- --------------------------------------------------------------------------------
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
0
--------------------------------------------------------
8 SHARED VOTING POWER
708,800 shares held of record by The Robertson
Stephens Orphan Fund of which Robertson, Stephens
& Co. Investment Management, L.P. and Bayview
Investors, Ltd. are the General Partners.
Includes shares held of record by The Robertson
Stephens Orphan Offshore Fund of which Robertson,
NUMBER OF Stephens & Co. Investment Management, L.P. is
SHARES the General Partner. Includes shares held of
BENEFICIALLY record by The Robertson Stephens Contrarian Fund
OWNED of which Robertson, Stephens & Co. Investment
BY EACH Management, L.P. is investment adviser. Includes
REPORTING shares held of record by The Robertson Stephens
PERSON WITH Global Natural Resources Fund of which Robertson,
Stephens & Co. Investment Management, L.P. is
investment adviser. Includes shares held of record
by The Robertson Stephens Partners Fund of which
Robertson, Stephens & Co. Investment Management,
L.P. is investment adviser See Item 5.)
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
708,800
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
708,800
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
8.2%
- --------------------------------------------------------------------------------
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>
- --------------------------------------------------------------------------------
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 577913106 Page 14 of 15 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kenneth R. Fitzsimmons
Tax I.D. ###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2.
- --------------------------------------------------------------------------------
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
0
NUMBER OF --------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 708,800
OWNED --------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
708,800
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
708,800
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
8.2%
- --------------------------------------------------------------------------------
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>
ITEM 1: SECURITY AND ISSUER.
This Schedule 13D is filed with respect to the Common Stock of
MAXXAM, Inc. (the "Company").
ITEM 2: IDENTITY AND BACKGROUND.
The Schedule 13D is filed on behalf of The Robertson Stephens
Contrarian Fund, Robertson, Stephens Global Natural Resources Fund,
Robertson, Stephens Partners Fund, Robertson, Stephens Orphan Fund, Robertson
Stephens Orphan Off-shore Fund, Bayview Investors Ltd., Robertson, Stephens &
Company, Inc. ("RS&Co., Inc."), and RS&Co., Inc.'s five shareholders, Messrs.
Sanford R. Robertson, Paul H. Stephens, Michael G. McCaffery, G. Randy Hecht,
and Kenneth R. Fitzsimmons. The sale of the Company's shares giving rise to
this amendment to schedule 13D were made by The Robertson Stephens Contrarian
Fund, the Robertson Stephens Partners Fund, and the Robertson Stephens Orphan
Offshore Fund ("the Funds").
This Schedule 13D relates to the indirect beneficial ownership
RS&Co., Inc. in the shares of the Company held by the Fund. Messrs.
Robertson, Stephens, McCaffery, Hecht and Fitzsimmons disclaim any beneficial
ownership with respect to shares of the Company that RS&Co., Inc. may be
deemed to be beneficially own, are included in this Schedule 13D for
protective disclosure purposes only, and shall not be deemed by their
inclusion in this Schedule 13D to have made any admission that any such
person has any beneficial interest in such shares.
Set forth below is the following information with respect to the
persons signing this Schedule 13D: name; place of organization; address of
principal business and office; principal business; information concerning
criminal convictions during the past five years; and information concerning
civil or administrative proceedings during the past five years with respect
to any state or federal securities laws.
I. (a) The Robertson Stephens Contrarian Fund, A Massachusetts Business
Trust. The Registered Investment Manager of The Robertson Stephens
Contrarian Fund is: Robertson Stephens Investment Management, L.P.
The General Partner of Robertson Stephens Investment Management,
L.P. is Robertson, Stephens & Company, Incorporated.
(b) 555 California Street, Suite 2600 San Francisco, CA 94104
(c) Business Trust, Registered Investment Company.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
II. (a) The Robertson Stephens Global Natural Resources Fund, A
Massachusetts Business Trust. The Registered Investment Manager of
The Robertson Stephens Global Natural Resources Fund is: Robertson
Stephens Investment Management, L.P. The General Partner of
<PAGE>
Robertson Stephens Investment Management, L.P. is Robertson,
Stephens & Company, Incorporated.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Business Trust, Registered Investment Company.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
III. (a) The Robertson Stephens Partners Fund, A Massachusetts Business
Trust. The Registered Investment Manager of The Robertson Stephens
Partners Fund is: Robertson Stephens Investment Management, L.P.
The General Partner of Robertson Stephens Investment Management,
L.P. is Robertson, Stephens & Company, Incorporated.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Business Trust, Registered Investment Company.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
IV. (a) The Robertson Stephens Orphan Fund, A California Limited
Partnership.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Limited Partnership
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
IV. (a) The Robertson Stephens Orphan Fund, A California Limited
Partnership. Robertson, Stephens & Co. Investment Management L.P.
and Bayview Investors Ltd are the General Partners.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Limited Partnership
(d) No convictions in criminal proceedings.
<PAGE>
(e) No civil or administrative proceedings.
VI. (a) Bayview Investors Ltd. is a California Limited Partnership.
Robertson, Stephens & Co, Inc. is the General Partner.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Limited Partnership
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
VII. (a) The Robertson Stephens Orphan Offshore Fund, A Cayman Islands
Limited Partnership. Robertson, Stephens & Co. Investment
Management L.P. is the General Partner.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Limited Partnership
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
VIII. (a) Robertson, Stephens & Co Investment Management L.P. is a California
limited Partnership. Robertson, Stephens & Co. Inc. is the General
Partner.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Limited Partnership
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
IX. (a) Robertson, Stephens & Company, Incorporated, is a California
Corporation. Robertson, Stephens & Company, Incorporated is the
General Partner of Robertson, Stephens & Company, Investment
Management, L.P.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Corporation, Investment Banking.
(d) No convictions in criminal proceedings.
<PAGE>
(e) No civil or administrative proceedings.
X. (a) Paul H. Stephens.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Paul H. Stephens is Managing Director and Chief Investment Officer,
and a shareholder, of Robertson, Stephens & Company, Incorporated.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
XI. (a) Sanford R. Robertson.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Sanford R. Robertson is the Chairman of and a shareholder of
Robertson, Stephens & Company, Incorporated.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
XII. (a) Michael G. McCaffery.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Michael G. McCaffery is the President and Chief Executive Officer,
and a shareholder, of Robertson, Stephens & Company, Incorporated.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
XIII. (a) G. Randy Hecht.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) G. Randy Hecht is the Executive Vice President, Chief Operating
Officer, and shareholder of Robertson, Stephens & Company,
Incorporated.
(d) No convictions in criminal proceedings.
<PAGE>
(e) No civil or administrative proceedings.
XIV. (a) Kenneth R. Fitzsimmons.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Kenneth R. Fitzsimmons is the Managing Director, Director of Capital
Markets, and shareholder of Robertson, Stephens & Company,
Incorporated.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
ITEM 3: SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION:
The securities with respect to which this Schedule 13D is filed
were purchased by the Funds using working capital contributed by their
respective partners.
ITEM 4: PURPOSE OF TRANSACTION:
The securities with respect to which this Schedule 13D is filed were
purchased by the Funds in the ordinary course of investment and not with the
intention nor effect of changing or influencing control of the Issuer. The
reporting persons may sell all or part or acquire additional securities of the
Issuer depending on market conditions and other economic factors.
<PAGE>
ITEM 5: INTEREST IN SECURITIES OF THE ISSUER.
(a) (b) The aggregate number and percentage of the class of
securities identified pursuant to Item 1 of this Schedule 13D that are
beneficially owned by the persons listed in Item 2 are as follows:
<TABLE>
<CAPTION>
No. of Shares
Name of Beneficially Percentage of
Beneficial Owner Owned Class(1)
-------------------------------------------------------------------------------------
<S> <C> <C>
The Robertson Stephens Contrarian Fund 500,000(2) 5.8%
The Robertson Stephens Orphan Fund 46,700(3) .5%
Bayview Investors Ltd. 46,700(4) .5%
The Robertson Stephens Global Natural Resources 68,600(5) .8%
The Robertson Stephens Partners Fund 85,500(6) 1.0%
The Robertson Stephens Orphan Offshore Fund 8,000(7) .1%
Robertson, Stephens & Co Investment Mngmt L.P. 708,800 (8) 8.2%
Robertson, Stephens & Company, Incorporated 708,800(9) 8.2%
Paul H. Stephens 713,900(10) 8.2%
Sanford R. Robertson 708,800(11) 8.2%
Michael G. McCaffery 708,800(12) 8.2%
G. Randy Hecht 708,800(13) 8.2%
Kenneth R. Fitzsimmons 708,800(14) 8.2%
</TABLE>
(1) All percentages in this table are based, pursuant to Rule 13D-1(e) of
the Securities Exchange Act of 1934 as amended, on 8,685,000 shares of
Common Stock of MAXXAM, Inc..
(2) The Contrarian Fund is a registered investment company. Robertson,
Stephens & Company Investment Management, L.P. is the registered
investment manager for the Contrarian Fund. RS&Co., Inc. is the
General Partner of Robertson, Stephens & Company Investment
Management, L.P.
(3) The Orphan Fund is a California Limited Partnership. Robertson,
Stephens & Company Investment Management, L.P. is a General Partner of
the Orphan Fund. RS&Co., Inc. is the General Partner of Robertson,
Stephens & Company Investment Management, L.P.
(4) Bayview Investors, a California Limited Partnership, as General
Partner of the Orphan Fund is deemed to have shared dispositive power
over 46,700 shares of the Company.
(5),(6) The Global Natural Resources Fund and the Partners Funds are
registered investment companies. Robertson, Stephens & Company
Investment Management, L.P. is the registered investment manager for
the Funds. RS&Co., Inc. is the General Partner of Robertson, Stephens
& Company Investment Management, L.P.
(7) The Orphan Offshore fund is a Cayman Islands Limited Partnership.
Robertson, Stephens & Company Investment Management, L.P. is the
General Partner.
<PAGE>
(8) Robertson, Stephens & Co. Investment Management L.P. ("RSIM") is a
California Limited Partnership. RSIM is the registered investment
adviser to the Global Natural Resources and the Partners Fund.
(9) Robertson, Stephens & Company, Incorporated, a California Corporation,
is the General Partner of Robertson, Stephens & Company Investment
Management, L.P. and as such is deemed to have shared dispositive
power over 708,800 shares of the Company.
(10) Paul H. Stephens is the Chief Investment Officer of RS&Co., Inc. and
as such may be deemed to have shared voting power over 708,800 shares
of the Company as well as sole voting power over 5,100 shares held
personally. He is also a shareholder of Robertson, Stephens & Company
Inc.
(11) Sanford R. Robertson is Chairman and a shareholder of Robertson,
Stephens & Company Inc. and as such may be deemed to have shared
voting power over 708,800 shares of the Company held by the Funds.
(12) Michael G. McCaffery is President and Chief Executive Officer and a
shareholder of Robertson, Stephens & Company Inc. and as such may be
deemed to have shared voting power over 708,800 shares of the Company
held by the Funds.
(13) G. Randy Hecht is Executive Vice President, Chief Operating Officer
and a shareholder of Robertson, Stephens & Company Inc. and as such
may be deemed to have shared voting power over 708,800 shares of the
Company held by the Funds.
(14) Kenneth R. Fitzsimmons is the Managing Director, Director of Capital
Markets and a shareholder of Robertson, Stephens & Company Inc. and as
such may be deemed to have shared voting power over 708,800 shares of
the Company held by the Funds.
(c) The following sell transactions were effected during the past sixty
days:
ENTITY DATE Price SHARES
- ------ ---- ----- ------
orp 4/22/97 42.39 10000
orp 4/29/97 43.14 3300
orp 4/30/97 42.75 6500
orp 5/5/97 43.60 4400
orp 5/6/97 43.78 3400
orp 5/14/97 44.25 2000
orp 5/16/97 44.00 100
orp 5/22/97 44.29 1500
orp 5/23/97 44.83 2800
orp 5/28/97 44.50 1000
orp 5/29/97 44.00 8500
orp 5/30/97 44.00 100
orp 6/2/97 44.35 2000
orp 6/3/97 44.25 13000
orp 6/6/97 46.25 200
orp 6/9/97 46.26 900
<PAGE>
orp 6/10/97 45.59 3600
orp 6/11/97 45.57 500
orp-off 5/14/97 44.19 2100
orp-off 5/16/97 43.94 100
orp-off 5/22/97 44.23 1500
orp-off 5/23/97 44.77 2300
orp-off 5/28/97 44.44 2000
orp-off 5/29/97 43.94 1700
orp-off 6/6/97 46.19 100
orp-off 6/9/97 46.20 200
orp-off 6/10/97 45.59 1000
orp-off 6/11/97 45.57 200
cf 5/5/97 43.54 3500
cf 5/6/97 43.72 3400
cf 5/13/97 44.19 4900
cf 5/14/97 44.19 1300
cf 5/16/97 43.94 100
cf 5/22/97 44.23 700
cf 5/23/97 44.77 900
cf 5/28/97 44.44 2000
The following buy transactions were effected during the past sixty days
pf 4/17/97 43.42 3100
pf 6/11/97 47.25 700
All Purchases and Sales were effected on the open market.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Please refer to Item 5.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
The following exhibits are filed herewith:
Exhibit A - Agreement of Joint Filing
Exhibit B - Power of Attorney
<PAGE>
ITEM 8. SIGNATURE PAGE.
After reasonable inquiry and to the best of my knowledge and
belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Dated: June 18, 1997
THE ROBERTSON STEPHENS CONTRARIAN FUND, A REGISTERED
INVESTMENT COMPANY.
By Robertson, Stephens & Company, Incorporated
By: Paul H. Stephens*
----------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
ROBERTSON, STEPHENS & COMPANY, INCORPORATED
By: Paul H. Stephens*
----------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
Sanford R. Robertson*
----------------------------
Sanford R. Robertson
Michael G. McCaffery*
----------------------------
Michael G. McCaffery
G. Randy Hecht*
----------------------------
G. Randy Hecht
Kenneth R. Fitzsimmons*
----------------------------
Kenneth R. Fitzsimmons
*By: /s/ Robert C. Greenwood
----------------------------
Robert C. Greenwood
Pursuant to Power of Attorney
Previously Filed
<PAGE>
EXHIBIT A
AGREEMENT OF JOINT FILING
The undersigned hereby agree that they are filing jointly pursuant to Rule
13d-1(f)(1) of the Act of the Statement dated May 2, 1994 containing the
information required by Schedule 13D, for the Common Stock of MAXXAM, Inc. held
by The Robertson Stephens Contrarian Fund and Robertson, Stephens & Company,
Incorporated.
Dated: June 18, 1997
THE ROBERTSON STEPHENS CONTRARIAN FUND, A REGISTERED INVESTMENT
COMPANY.
By Robertson, Stephens & Company Incorporated
By: Paul H. Stephens*
----------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
ROBERTSON, STEPHENS & COMPANY INCORPORATED
By: Paul H. Stephens*
----------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
Paul H. Stephens*
----------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
Sanford R. Robertson*
----------------------------
Sanford R. Robertson
Michael G. McCaffery*
----------------------------
Michael G. McCaffery
G. Randy Hecht*
----------------------------
G. Randy Hecht
<PAGE>
Kenneth R. Fitzsimmons*
----------------------------
Kenneth R. Fitzsimmons
*By /s/ Robert C. Greenwood
----------------------------
Robert C. Greenwood
Pursuant to Power of Attorney
Previously Filed
