UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 9)(1)
SBM INDUSTRIES, INC.
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(Name of Issuer)
Common Stock, No Par Value
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(Title of Class of Securities)
847660107000
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(CUSIP Number)
Peter Nisselson, SBM Industries, Inc.
1865 Palmer Avenue
Larchmont, New York 10538
(914) 833-0649
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
3/26/98
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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 |_|.
(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 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>
CUSIP No. 847660107000
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Peter Nisselson
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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
PF
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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
U.S.
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7 Sole Voting Power
Number of
Shares 709,252
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 Sole Dispositive Power
0
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10 Shared Dispositive Power
0
--------------------------------------------------------
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
709,252
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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)
35.0%
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14 Type of Reporting Person
IN
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SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. Security and Issuer
Common Shares, $1.00 par value per share, of SBM Industries, Inc.,
which has its principal executive offices at 1865 Palmer Avenue, Larchmont, NY
10538.
Item 2. Identity and Background
(a) Peter Nisselson.
(b) 1865 Palmer Avenue, Larchmont, NY 10538.
(c) President, Secretary and Director of SBM Industries, Inc.
(d)-(e) Mr. Nisselson has not during the last five years been
convicted of a criminal proceeding and was not a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction as a result of which
he was or is 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.
(f) U.S. citizenship.
Item 3. Source and Amount of Funds or Other Consideration
Between April 17, 1997 and March 26, 1998, Mr. Nisselson acquired
44,500 shares for an aggregate purchase price of $141,035.03. All funds for such
purchases were obtained from personal funds of Mr. Nisselson.
Page 3 of 6 Pages
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Item 4. Purpose of Transaction
The purpose of the transactions is to increase the number of shares
owned by Mr. Nisselson and held for investment purposes.
Mr. Nisselson may from time to time purchase additional shares in
the public market.
Item 5. Interest in Securities of the Issuer
(a) 709,252 shares, constituting 35.0%.
(b) Items 7, 8, 9 and 10 of the second part of the cover page are
hereby incorporated by reference.
(c) Between April 17, 1997 and March 26, 1998, Mr. Nisselson made
the following purchases:
Date of Number of Price
Transaction Shares per share
----------- ------ ---------
5/5/97 1,200 3.125
5/7/97 1,000 3.125
5/8/97 500 3.125
5/16/97 500 3.125
5/27/97 500 3.125
6/3/97 2,000 3.125
6/12/97 1,000 3.125
6/22/97 1,600 3.125
7/1/97 1,000 3.125
7/8/97 300 3.125
7/10/97 1,000 3.125
8/7/97 700 3.125
8/8/97 500 3.125
8/9/97 500 3.125
10/17/97 900 3.125
10/22/97 5,000 3.25
10/24/97 5,500 3.125
10/29/97 1,000 3.00
Page 4 of 6 Pages
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Date of Number of Price
Transaction Shares per share
----------- ------ ---------
11/6/97 2,000 3.125
11/13/97 500 3.00
11/14/97 1,300 2.9231
12/1/97 500 3.00
12/3/97 1,000 3.00
12/10/97 1,500 3.00
12/15/97 2,000 3.00
12/18/97 3,000 3.07
12/19/97 2,300 3.00
12/30/97 2,000 3.00
3/26/98 2,000 3.125
------
44,500
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
On October 22, 1984, Mr. Nisselson, as a member of the Speed-O-Print
Business Machines Investors Group, consisting of Mr. Nisselson, Lawrence J.
Goldstein, the L. J. Goldstein & Company Pension Plan, the Keogh Plan for
Lawrence J. Goldstein, the Individual Retirement Account of Lawrence J.
Goldstein, Jack T. Schwartz and Roz-Dave Corp., a Delaware Corporation (the
"Group"), entered into an agreement (the "Agreement") with Speed-O-Print
Business Machines Corporation (the "Company"), Mr. Abe Samuels, the President of
the Company ("Samuels") and the trustees of a trust established by Samuels (the
"Samuels Trust"). The Group was granted a right of first refusal with respect to
any proposed sale to a third party of the Shares in a block transaction (as such
term is defined in the Agreement). Mr. Nisselson has no currently effective
contract arrangement, understanding or relationship with any other person with
Page 5 of 6 Pages
<PAGE>
respect to any securities of the Company, including, but not limited to the
transfer or voting of any such securities, finder's fees, joint ventures, loan
or option arrangements, puts or calls, guarantees of profits, loans, division of
profits or loss or the giving or withholding of proxies.
Item 7. Material to be Filed as Exhibits
None.
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.
Date: April 2, 1998
/s/ Peter Nisselson
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Peter Nisselson
Page 6 of 6 Pages
