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UNITED STATES
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)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(AMENDMENT NO. 1)
Specialty Chemical Resources, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
84748720
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(CUSIP Number)
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CUSIP No. 84748720 13G Page 2 of 12 Pages
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(1) NAME OF REPORTING PERSON.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY).
Wolverine Investors 36-2945436
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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) CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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NUMBER OF SHARES (5) SOLE VOTING POWER
BENEFICIALLY 531,600
OWNED BY -------------------------------------------------
EACH REPORTING (6) SHARED VOTING POWER
PERSON WITH: 0
-------------------------------------------------
(7) SOLE DISPOSITIVE POWER
531,600
-------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
531,600
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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)
13.7%
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(12) TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 12 pages
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CUSIP No. 84748720 13G Page 3 of 12 Pages
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(1) NAME OF REPORTING PERSON.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY).
Lakeview Trust 36-6204668
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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) CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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NUMBER OF SHARES (5) SOLE VOTING POWER
BENEFICIALLY 0
OWNED BY -------------------------------------------------
EACH REPORTING (6) SHARED VOTING POWER
PERSON WITH: 531,600
-------------------------------------------------
(7) SOLE DISPOSITIVE POWER
0
-------------------------------------------------
(8) SHARED DISPOSITIVE POWER
531,600
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
531,600
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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)
13.7%
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(12) TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 12 pages
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CUSIP No. 84748720 13G Page 4 of 12 Pages
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(1) NAME OF REPORTING PERSON.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY).
1990 Bronx Trust 36-6934860
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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) CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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NUMBER OF SHARES (5) SOLE VOTING POWER
BENEFICIALLY 0
OWNED BY -------------------------------------------------
EACH REPORTING (6) SHARED VOTING POWER
PERSON WITH: 531,600
-------------------------------------------------
(7) SOLE DISPOSITIVE POWER
0
-------------------------------------------------
(8) SHARED DISPOSITIVE POWER
531,600
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
531,600
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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)
13.7%
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(12) TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 12 pages
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CUSIP No. 84748720 13G Page 5 of 12 Pages
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(1) NAME OF REPORTING PERSON.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY).
1990 Bronx Trust #1 36-6934861
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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) CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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NUMBER OF SHARES (5) SOLE VOTING POWER
BENEFICIALLY 0
OWNED BY -------------------------------------------------
EACH REPORTING (6) SHARED VOTING POWER
PERSON WITH: 531,600
-------------------------------------------------
(7) SOLE DISPOSITIVE POWER
0
-------------------------------------------------
(8) SHARED DISPOSITIVE POWER
531,600
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
531,600
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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)
13.7%
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(12) TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 12 pages
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CUSIP No. 84748720 13G Page 6 of 12 Pages
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(1) NAME OF REPORTING PERSON.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY).
1990 Des Moines Trust #1 36-6934865
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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) CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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NUMBER OF SHARES (5) SOLE VOTING POWER
BENEFICIALLY 0
OWNED BY -------------------------------------------------
EACH REPORTING (6) SHARED VOTING POWER
PERSON WITH: 531,600
-------------------------------------------------
(7) SOLE DISPOSITIVE POWER
0
-------------------------------------------------
(8) SHARED DISPOSITIVE POWER
531,600
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
531,600
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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)
13.7%
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(12) TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 12 pages
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CUSIP No. 84748720 13G Page 7 of 12 Pages
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(1) NAME OF REPORTING PERSON.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY).
JJ 1994 Trust 36-7107428
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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) CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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NUMBER OF SHARES (5) SOLE VOTING POWER
BENEFICIALLY 0
OWNED BY -------------------------------------------------
EACH REPORTING (6) SHARED VOTING POWER
PERSON WITH: 531,600
-------------------------------------------------
(7) SOLE DISPOSITIVE POWER
0
-------------------------------------------------
(8) SHARED DISPOSITIVE POWER
531,600
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
531,600
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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)
13.7%
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(12) TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 12 pages
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CUSIP No. 84748720 13G Page 8 of 12 Pages
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(1) NAME OF REPORTING PERSON.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY).
1990 Des Moines Trust 36-6934863
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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) CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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NUMBER OF SHARES (5) SOLE VOTING POWER
BENEFICIALLY 3,600
OWNED BY -------------------------------------------------
EACH REPORTING (6) SHARED VOTING POWER
PERSON WITH: 531,600
-------------------------------------------------
(7) SOLE DISPOSITIVE POWER
3,600
-------------------------------------------------
(8) SHARED DISPOSITIVE POWER
531,600
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
535,200
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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)
13.8%
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(12) TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 12 pages
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CUSIP No. 098072101 13G Page 9 of 12 Pages
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ITEM 1(a). NAME OF ISSUER:
Specialty Chemical Resources, Inc.
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ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
9055 S. Freeway Drive
Macedonia, Ohio 44056
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ITEM 2(a). NAME OF PERSON FILING:
(1) Wolverine Investors
(2) Lakeview Trust
(3) 1990 Bronx Trust
(4) 1990 Bronx Trust #1
(5) 1990 Des Moines Trust #1
(6) JJ 1994 Trust
(7) 1990 Des Moines Trust
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Wolverine Investors, an Illinois general partnership, is the
holder of 531,600 shares of Specialty Chemical Resources, Inc. Common Stock
("Specialty Common Stock"). Lakeview Trust, 1990 Bronx Trust, 1990 Bronx
Trust #1, 1990 Des Moines Trust #1, JJ 1994 Trust and 1990 Des Moines Trust
(collectively, the "Trusts") are the general partners of Wolverine Investors.
1990 Des Moines Trust is the the holder of 3,600 shares of Specialty Common
Stock. Newton Minow and Daniel Tisch are trustees of each of the Trusts.
Charles H. Goodman is a trustee of each of 1990 Bronx Trust, 1990 Bronx Trust
#1, 1990 Des Moines Trust #1 and 1990 Des Moines Trust. The beneficiaries of
each of the Trusts are family members of J. Ira Harris who from time to time
provides investment advice to Wolverine Investors and the Trusts with respect
to the acquisition or disposition of Specialty Common Stock
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
(1)-(7) 200 West Madison Street
Suite 3800
Chicago, IL 60606
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ITEM 2(c). CITIZENSHIP:
(1)-(7) Illinois
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ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
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ITEM 2(e): CUSIP NUMBER:
84748720
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Page 9 of 12 pages
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CUSIP No. 098072101 13G Page 10 of 12 Pages
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 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 to Rule 13d-1(c), check this box. /x/
ITEM 4. OWNERSHIP.
Provide the following information regarding the aggregate number
and percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
See Item 9 of Cover Pages
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(b) Percent of class:
See Item 11 of Cover Pages
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Item 5 of Cover Pages
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(ii) Shared power to vote or to direct the vote:
See Item 6 of Cover Pages
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Page 10 of 12 pages
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CUSIP No. 098072101 13G Page 11 of 12 Pages
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(iii) Sole power to dispose or to direct the disposition of:
See Item 7 of Cover Pages
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(iv) Shared power to dispose or to direct the disposition of:
See Item 8 of Cover Pages
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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. CERTIFICATIONS
By signing below each of the undersigned certifies that, to the
best of their knowledge and belief, the securities referred to
above 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.
Page 11 of 12 pages
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CUSIP No. 098072101 13G Page 12 of 12 Pages
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SIGNATURE
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.
Dated: February 16, 1998
WOLVERINE INVESTORS
By LAKEVIEW TRUST, its general partner
By: /s/ Newton Minow
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Trustee
LAKEVIEW TRUST
By: /s/ Newton Minow
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Trustee
1990 BRONX TRUST
By: /s/ Newton Minow
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Trustee
1990 BRONX TRUST #1
By: /s/ Newton Minow
----------------------------------------
Trustee
1990 DES MOINES TRUST #1
By: /s/ Newton Minow
----------------------------------------
Trustee
JJ 1994 TRUST
By: /s/ Newton Minow
----------------------------------------
Trustee
1990 DES MOINES TRUST
By: /s/ Newton Minow
----------------------------------------
Trustee
Page 12 of 12 pages
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EXHIBIT 1
Agreement to File Jointly
Pursuant to Rule 13d-1(k)(1) promulgated by the Securities and
Exchange Commission (the "Commission") under the authority of the Securities
Exchange Act of 1934, as amended, the undersigned hereby agree as of this 8th
day of September, 1998 to file jointly with the Commission, a statement on
Schedule 13G, including all amendments made thereto, relating to the
beneficial ownership by the undersigned of certain shares of common stock of
Specialty Chemical Resources, Inc.
WOLVERINE INVESTORS
By LAKEVIEW TRUST, its general partner
By: /s/ Newton Minow
--------------------------------------
Trustee
LAKEVIEW TRUST
By: /s/ Newton Minow
----------------------------------------
Trustee
1990 BRONX TRUST
By: /s/ Newton Minow
----------------------------------------
Trustee
1990 BRONX TRUST #1
By: /s/ Newton Minow
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Trustee
1990 DES MOINES TRUST #1
By: /s/ Newton Minow
----------------------------------------
Trustee
JJ 1994 TRUST
By: /s/ Newton Minow
----------------------------------------
Trustee
1990 DES MOINES TRUST
By: /s/ Newton Minow
----------------------------------------
Trustee
