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OMB APPROVAL
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OMB Number: 3235-0145
Expires: August 31, 1999
Estimated Average Burden
Hours Per Response . . . 14.90
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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. ___ )*
PEAK INTERNATIONAL LTD.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
G69586108
(CUSIP Number)
Neumeier Investment Counsel
26435 Carmel Rancho Blvd.
Carmel, California 93923
(831) 625-6355
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 4, 1998
(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 s.s. 40.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box: [X].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See s. 240.13d-7 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>
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SCHEDULE 13D
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CUSIP NO. G69586108 Page 2 of 9 Pages
- -------------------------------------------------------------------------------------------------------------------
- -------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Neumeier Investment Counsel
I.R.S. Identification No. 77-0444891
- -------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- -------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
OO
- -------- -----------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A./California
- -------------------------- ------- ---------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 952,100
SHARES ------- ---------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH ------- ---------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 1,381,700
WITH ------- ---------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------- ------- ---------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,381,700
- --------- ----------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
- --------- ----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.2%
- --------- ----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, OO
- --------- ----------------------------------------------------------------------------------------------------------
<FN>
* 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
</FN>
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<PAGE>
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SCHEDULE 13D
- -------------------------------------------------------------------------------------------------------------------
CUSIP NO. G69586108 Page 3 of 9 Pages
- -------------------------------------------------------------------------------------------------------------------
- -------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter Neumeier
- -------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- -------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
OO
- -------- -----------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- -------- -----------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 952,100
SHARES ------- ---------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH ------- ---------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 1,381,700
WITH ------- ---------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------- ------- ---------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,381,700
- --------- ----------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
- --------- ----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.2%
- --------- ----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
- --------- ----------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. G69586108 Page 4 of 9 Pages
- --------------------------------------------------------------------------------
Item 1. Security and Issuer.
Common Stock, par value $.01 per share
Peak International Ltd. (the "Company")
Units 3, 4, 5 and 7, 37th Floor
Wharf Cable Tower
9 Hoi Shing Road
Tsuen Wan
N.T., Hong Kong
Item 2. Identity and Background.
Identity of Reporting Persons. This statement is being filed by
(i) Neumeier Investment Counsel, a limited liability corporation
and registered investment adviser ("IA"), and (ii) Peter Neumeier,
a United States citizen and a controlling member and president of
IA ("Member") (collectively, the "Reporting Persons"). Member
controls IA by virtue of Member's position as the holder of the
majority interest (91%) of IA.
IA's beneficial ownership of Peak International Ltd. (the "Common
Stock") is direct as a result of IA's discretionary authority to
buy, sell, and vote shares of such Common Stock for its investment
advisory clients. Member's ownership of Common Stock is indirect
as a result of Member's stock ownership in IA, and is reported
solely because Rules 13d-1(a) and (b) under the Securities
Exchange Act of 1934, as amended (the "Rules"), require any person
who is "directly or indirectly" the beneficial owner of more than
five percent of any equity security of a specified class to file a
Schedule 13D within the specified time period. The answers in
blocks 5, 7, 9 and 11 on page 3 above and in responses to item 4
by Member are given on the basis of the "indirect" beneficial
ownership referred to in such Rules, based on the direct
beneficial ownership of Common Stock by IA and the relationship of
the Member to IA referred to above.
Principal Business. The principal business of the Reporting
Persons is investments and investment management.
Address of Principal Office. The principal executive offices of
the Reporting Persons are located at 26435 Carmel Rancho Blvd.,
Carmel, California 93923.
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. G69586108 Page 5 of 9 Pages
- --------------------------------------------------------------------------------
Criminal and Civil Proceedings. The Reporting Persons have not,
during the last five years, been convicted in a criminal
proceeding. Reporting Persons have not, during the last five
years, been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and have not as a
result of any such proceeding been subject to a judgment, decree
or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
The aggregate net amount of funds used by the Reporting Persons to
purchase the 1,381,700 shares of Common Stock of the Company that
they beneficially owned was approximately $27,344,139. Such amount
was derived from funds made available through investment accounts
that IA manages.
Item 4. Purpose of Transaction.
The shares originally were purchased by IA for investment
purposes.
The Reporting Persons have concerns regarding the recent change of
management at the Company. Accordingly, the Reporting Persons are
reviewing their alternatives and intend to closely monitor
developments relating to and affecting the Company.
Subject to availability at prices deemed favorable, the Reporting
Persons may acquire additional shares of Common Stock of the
Company from time to time in the open market, in privately
negotiated transactions or otherwise. The Reporting Persons may
dispose of shares of Common Stock of the Company from time to time
in the open market, in privately negotiated transactions or
otherwise.
Although the foregoing represents the range of activities
presently contemplated by the Reporting Persons, it should be
noted that the possible activities of the Reporting Persons are
subject to change at any time.
Except as set forth above, the Reporting Persons have no present
plans or intentions that relate to or that would result in any of
the transactions described in clauses (a) through (j) of Item 4 of
Schedule 13D.
Item 5. Interest in Securities of the Issuer.
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. G69586108 Page 6 of 9 Pages
- --------------------------------------------------------------------------------
(a) As of November 30, 1998, the Reporting Persons directly or
indirectly beneficially owned 1,381,700 shares, or 10.2%,
of the Common Stock of the Company (the approximate
percentage of the shares of Common Stock owned is based on
13,509,000 shares of Common Stock outstanding by the
Company.) IA's beneficial ownership is direct and Member's
ownership is indirect.
(b) The responses of the Reporting Persons to Items 7 through
11 of the portions of the cover page of this Schedule 13D
which relate to beneficial ownership of shares of the
Common Stock are incorporated herein by reference.
(c) See Schedule A for a listing of transactions in shares of
Common Stock or other securities of the Company by IA
during the past sixty (60) days. All such transactions
were effected in open market transactions.
(d) (e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
The Reporting Persons have no contracts, arrangements, or
understandings with any persons, or each other, with respect to
their Peak International Ltd. securities.
Item 7. MATTER TO BE FILED AS EXHIBITS
Not applicable.
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: December 14, 1998
NEUMEIER INVESTMENT COUNSEL
By:
Peter Neumeier
President
------------------------
Peter Neumeier
<PAGE>
SCHEDULE 13D
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CUSIP NO. G69586108 Page 7 of 9 Pages
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SCHEDULES
SCHEDULE A Transactions in Common Stock of Peak International Ltd. During
the Past Sixty (60) days
SCHEDULE B Statement With Respect To Joint Filing Of Schedule 13D
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SCHEDULE 13D
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CUSIP NO. G69586108 Page 8 of 9 Pages
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</TABLE>
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SCHEDULE A
TRANSACTIONS IN COMMON STOCK
<CAPTION>
- -------------------------------------------- ----------------- ------------------ ---------------- -----------------
Party Date Bought (Sold) Number of Price per Share
Shares
- -------------------------------------------- ----------------- ------------------ ---------------- -----------------
<S> <C> <C> <C> <C>
Neumeier Investment Counsel 10/12/98 Sold 1,000 $8.38
- -------------------------------------------- ----------------- ------------------ ---------------- -----------------
Neumeier Investment Counsel 10/19/98 Bought 15,000 $8.31
- -------------------------------------------- ----------------- ------------------ ---------------- -----------------
Neumeier Investment Counsel 10/30/98 Bought 7,600 $8.98
- -------------------------------------------- ----------------- ------------------ ---------------- -----------------
</TABLE>
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. G69586108 Page 9 of 9 Pages
- --------------------------------------------------------------------------------
SCHEDULE B
Statement With Respect To Joint Filing Of Schedule 13D
The undersigned hereby agree that any statement of Schedule 13D to be
filed with the Securities and Exchange Commission by any of the undersigned,
including any amendment thereto, with respect to securities of Peak
International Ltd. may be filed by any of the undersigned as a joint filing on
behalf of all of the undersigned.
December 14, 1998
NEUMEIER INVESTMENT COUNSEL
By: _______________________________
Peter Neumeier
President
___________________________________
Peter Neumeier
