NASHUA CORP
SC 13G, 1998-02-06
CONVERTED PAPER & PAPERBOARD PRODS (NO CONTANERS/BOXES)
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<PAGE>   1



                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
                                       

                                 SCHEDULE 13G
                                (Rule 13d-102)
                                       
                                       
       INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES
        13d-1(b) AND (c) AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)


                            (Amendment No.      )(1)
                                            
                                       
                                       
                                  NASHUA CORP.
                   -----------------------------------------
                               (Name of Issuer)
                                       
                                       
                                       
                                       
                                  COMMON STOCK
                   -----------------------------------------
                        (Title of Class of Securities)
                                       
                                       
                                       
                                       
                                   631226107
                   -----------------------------------------
                                (CUSIP Number)
                                       





        (1)  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 the disclosures provided in a prior cover page.

        The information required in 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 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

CUSIP NO. 631226107                     13G            PAGE       OF       PAGES
         ---------------------                              -----    -----      

  (1)     NAMES OF REPORTING PERSONS                 
          I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

          Capital Technology, Inc.
          Tax ID No. 56-1351474
          ---------------------------------------------------------------------

  (2)     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (A)   [   ]
                                                                    (B)   [   ]

          --------------------------------------------------------------------- 

  (3)     SEC USE ONLY

          ---------------------------------------------------------------------

  (4)     CITIZENSHIP OR PLACE OF ORGANIZATION                      

          Charlotte, NC
          ---------------------------------------------------------------------

                       (5)     SOLE VOTING POWER                    
  NUMBER OF                                                           56,700
   SHARES              --------------------------------------------------------
 BENEFICIALLY          (6)     SHARED VOTING POWER                  
  OWNED BY                                                                 0
    EACH               --------------------------------------------------------
  REPORTING            (7)     SOLE DISPOSITIVE POWER               
 PERSON WITH                                                         336,500
                       --------------------------------------------------------
                       (8)     SHARED DISPOSITIVE POWER             
                                                                           0
                       --------------------------------------------------------

  (9)     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON         

          336,500          
          ---------------------------------------------------------------------

 (10)     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
          SHARES*                                                         [   ]

          ---------------------------------------------------------------------

 (11)     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9           

          5.3%
          ---------------------------------------------------------------------

 (12)     TYPE OF REPORTING PERSON*

          IA
          ---------------------------------------------------------------------
                    *SEE INSTRUCTIONS BEFORE FILLING OUT!



                  
                             
<PAGE>   3

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington D.C.  20549

                                 SCHEDULE 13G
                  Under the Securities Exchange Act of 1934

ITEM 1(a).   Name of Issuer:

                                      Nashua Corp.     
                                        
ITEM 1(b).   Address of Issuer's Principal Executive Offices:    

                                      44 Franklin Street
                                      Nashua, NH 03061-2002

ITEM 2(a)   Name of Person Filing:

                                      Capital Technology Inc.

ITEM 2(b)   Address of Principal Business Office or, if none, Residence:

                                      8314 Pineville-Matthews Rd., Ste 295
                                      Charlotte, NC 28226

ITEM 2(c)   Citizenship:

                                      UNITED STATES OF AMERICA

ITEM 2(d)   Title of Class of Securities:

                                      COMMON STOCK

ITEM 2(e)   CUSIP Number: 

                                      631226107

ITEM 3(a)   [ ]     Broker or Dealer registered under Section 15 of the Act

ITEM 3(b)   [ ]     Bank as defined in section 3(a)(6) of the Act

ITEM 3(c)   [ ]     Insurance Company as defined in section 3(a)(19) of the act

ITEM 3(d)   [ ]     Investment Company registered under section 8 of the
                    Investment Company Act

ITEM 3(e)   [X]     Investment Adviser registered under section 203 of the
                    Investment Advisers Act of 1940

ITEM 3(f)   [ ]     Employee Benefit Plan, Pension Fund which is subject to the
                    provisions of the Employee Retirement Income Security Act
                    of 1974 or Endowment Fund; see sec.240.13d-1(b)(1)(ii)(F)

ITEM 3(g)   [ ]     Parent Holding Company, in accordance with
                    sec.240.13d-1(b)(ii)(G) (Note: See Item 7)

ITEM 3(h)   [ ]     Group, in accordance with sec.240.13d-1(b)(1)(ii)(H)

ITEM 4.  OWNERSHIP

     If the percent of the class owned, as of December 31 of the year covered
by the statement, or as of the last day of any month described in Rule
13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right to
acquire.

      (a)   Amount Beneficially Owned:                                 336,500

      (b)   Percent of Class:                                              5.3%

      (c)   Number of shares as to which such person has:

         (i)  sole power to vote or to direct the vote:                 56,700
                                                                       
        (ii)  shared power to vote or to direct the vote:                    0
                                                                       
       (iii)  sole power to dispose or to direct the disposition of:   336,500
                                                                       
        (iv)  shared power to dispose or to direct the disposition of:       0
                                                                       

Instruction:  For computations regarding securities which represent a right to
              acquire an underlying security see Rule 13d-3(d)(1).

<PAGE>   4

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

        NOT APPLICABLE

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

        NOT APPLICABLE

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED 
        THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

        NOT APPLICABLE


ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

        NOT APPLICABLE


ITEM 9. NOTICE OF DISSOLUTION OF GROUP

        NOT APPLICABLE


ITEM 10.CERTIFICATION

     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.

                      2/4/98
                      ------------------------------
                                   Date

                      /s/  Katy Y. Slakman
                      ------------------------------
                                 Signature

                      Katy Y. Slakman, VP
                      ------------------------------
                                   Name/Title





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