SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(RULE 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO._______)*
Peerless Industrial Group, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
254680-10-1
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(CUSIP Number)
Brian D. Wenger, Esq.
Briggs and Morgan, P.A.
2400 IDS Center
Minneapolis, MN 55402
(612) 334-8417
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 14, 1997
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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-1(b)(3) or (4), check the following box |_|.
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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).
(Continued on following page(s))
Page 1 of 4
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CUSIP No. 254680-10-1 13D Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard W. Perkins
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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*
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
109,000
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 425,449
OWNED BY
EACH --------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 109,000
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10 SHARED DISPOSITIVE POWER
425,449
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
534,449
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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)
10.4%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1: Security and Issuer
The Name of the Issuer is Peerless Industrial Group, Inc. and the
address of its principal office is 2430 Metropolitan Centre, 333 South Seventh
Street, Minneapolis, Minnesota 55402. The title of the class of equity security
to which this statement relates is Common Stock. The Reporting Person
beneficially owns 534,449 shares of Common Stock.
Item 2: Identity and Background
(a) Richard W. Perkins
(b) 730 East Lake Street
Wayzata, Minnesota 55391
(c) President of Perkins Capital Management, Inc. and Director of
the Issuer
(d) The Reporting Person has not, during the last five years, been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) The Reporting Person has not, during the last five years, been
a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final
order enjoining further violation, or prohibiting activities
subject to federal or state securities laws or finding any
violation of such laws.
(f) United States
Item 3: Source and Amount of Funds or Other Consideration
Not applicable.
Item 4: Purpose of Transaction
The Reporting Person acquired the shares of Common Stock of the Issuer
reported herein for investment purposes. The Reporting Person has no present
intention to purchase additional shares of Common Stock of the Issuer.
The Reporting Person has no present plan or intention which would
result in or relate to any of the transactions described in subparagraphs (a)
through (j) of Item 4 of Schedule 13D.
Page 3 of 4
Item 5: Interest in Securities of the Issuer
(a) As of the date of this Schedule 13D, the Reporting Person
beneficially owned 534,449 shares of Common Stock constituting
approximately 10.4% of outstanding Common Stock of the Issuer.
(b) The Reporting Person has the sole power to vote or to direct
the vote and the sole power to dispose or to direct the
disposition of 109,000 shares of Common Stock of the Issuer
reported herein. The Reporting Person has shared power to vote
or to direct the vote of 425,449 shares of Common Stock of the
Issuer reported herein. Such shares are owned by the
management of Peerless Chain Company. The Reporting Person
disclaims beneficial ownership of the shares of Common Stock
of the Issuer reported on Schedule 13G by Perkins Capital
Management, Inc.
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
Item 6: Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer
Not applicable.
Item 7: Material to be Filed as Exhibits
Not applicable.
SIGNATURE
After reasonable inquiring 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 14, 1997
/s/ Richard W. Perkins
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Richard W. Perkins
Director
Page 4 of 4
