SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Rule 13d-102
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
MAXXAM Inc.
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(Name of Issuer)
Common Stock $.50 Par Value
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(Title of Class of Securities)
577913106
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(CUSIP Number)
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
|_| Rule 13d-1 (b)
|X| Rule 13d-1 (c)
|_| Rule 13d-1 (d)
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* 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 1 of 5
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CUSIP No. 577913106 13G Page 2 of 5
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David M. Knott
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5 SOLE VOTING POWER
194,400
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NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 142,200
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 194,400
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
150,200
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
344,600
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.9%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
Item 1(a) Name of Issuer:
MAXXAM, Inc.
Item 1(b) Address of Issuer's Principal Executive offices:
5847 San Felipe
Suite 2600
Houston, TX 77057
Item 2(a) Name of Person Filing:
David M. Knott
Item 2(b) Address of Principal Business Office or, if none, residence:
485 Underhill Boulevard, Suite 205
Syosset, New York 11791
Item 2(c) Citizenship:
United States of America
Item 2(d) Title of Class of Securities:
Common Stock $.50 Par Value
Item 2(e) CUSIP Number:
577913106
Page 3 of 5
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Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b)
or (c), check whether the person filing is a:
(a) |_| Broker or dealer registered under Section 15 of the Exchange Act;
(b) |_| Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) |_| Insurance company as defined in Section 3(a)(19) of the Exchange
Act;
(d) |_| Investment company registered under Section 8 of the Investment
Company Act;
(e) |_| An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) |_| An employee benefit plan, or endowment fund in accordance with rule
13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company, or control person, in accordance with Rule
13d-1(b)(1)(ii)(G);
(h) |_| A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) |_| A church plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company Act;
(j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant Rule 13d-1(c), check this box |X|
Item 4 Ownership:
(a) Amount Beneficially Owned: 344,600
(b) Percent of Class: 4.9%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote ....... 194,400
(ii) Shared power to vote or direct the vote ........ 142,200
(iii) Sole power to dispose or to direct the
disposition of ............................... 194,400
(iv) Shared power to vote or direct the
disposition of ............................... 150,200
Item 5 Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following. |X|
Page 4 of 5
<PAGE>
Item 6O wnership of More than Five Percent on Behalf of Another Person
N/A
Item 7 Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company
N/A
Item 8 Identification and Classification of Members of the Group
N/A
Item 9 Notice of Dissolution of Group
N/A
Item 10 Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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.
February 10, 2000
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Date
/s/ David M. Knott
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Signature
David M. Knott
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Name/Title
Page 5 of 5
