UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Publicker Industries, Inc.
(Name of Issuer)
Common Stock, $0.10 Par Value
(Title of Class of Securities)
744635129
(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d)
*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 ("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> 2
SCHEDULE 13G
CUSIP No. 744635129
1 Names of Reporting Persons or
S.S. or I.R.S. Identification Nos. of Above Person
Kirr, Marbach & Company LLC
2 Check the Appropriate Box (a) [ ]
if a Member of a Group (b) [ ]
3 SEC Use Only
4 Citizenship or Place of Organization
Indiana
NUMBER OF 5 Sole Voting Power
SHARES
BENEFICIALLY 549,100
OWNED BY
EACH 6 Shared Voting Power
REPORTING
PERSON WITH 0
7 Sole Dispositive Power
549,100
8 Shared Dispositive Power
0
9 Aggregate Amount Beneficially Owned by Each Reporting Person
549,100
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable
11 Percent of Class Represented by Amount in Row (9)
Less than 5%
12 Type of Reporting Person
IA
<PAGE> 3
Item 1 (a) Name of Issuer:
Publicker Industries, Inc.
Item 1 (b) Address of Issuer's Principal Executive Offices:
1445 East Putnam Avenue
Old Greenwich, CT 06870
Item 2 (a) Name of Person Filing:
Kirr, Marbach & Company LLC ("Kirr Marbach"), a registered
investment adviser
Item 2 (b) Address of Principal Business Office, or if none, Residence:
The business address of Kirr Marbach is 621 Washington
Street, Columbus, IN 47201
Item 2 (c) Citizenship:
Kirr Marbach is a limited liability company
organized under the laws of the State of Indiana.
Item 2 (d) Title of Class of Securities:
Common Stock, $0.10 Par Value (the "Common Stock")
Item 2 (e) CUSIP Number:
744635129
Item 3 If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b)
or (c):
A. [ ] Broker or Dealer registered under Section 15 of the
Act
B. [ ] Bank as defined in section 3(a)(6) of the Act
C. [ ] Insurance Company as defined in section 3(a)(19) of
the Act
<PAGE> 4
D. [ ] Investment company registered under section 8 of
the Investment Company Act
E. [X] An investment adviser registered under section 203
of the Investment Advisers Act of 1940
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 section
240.13d-1(b)(1)(ii)(F)
G. [ ] Parent Holding Company, in accordance with section
240.13d-1(b)(ii)(G) (Note: See Item 7)
H. [ ] Group, in accordance with section
240.13d-1(b)(1)(ii)(H)
Item 4 Ownership:
Item 4 (a) Amount Beneficially Owned:
549,100
Item 4 (b) Percent of Class:
Less than 5%
Item 4 (c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 549,100
(ii) shared power to vote or to direct the vote: None
(iii) sole power to dispose or to direct the disposition of:
549,100
(iv) shared power to dispose or to direct the
disposition of: None
<PAGE> 5
Item 5 Ownership of Five Percent or less of a Class:
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
secruities, check the following [X].
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.
<PAGE> 6
Item 10 Certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
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: April 9, 1998
KIRR MARBACH & COMPANY, LLC
By /s/ Mickey Kim
Mickey Kim, Member
