ATLANTIS PLASTICS INC
SC 13G/A, 1998-02-25
UNSUPPORTED PLASTICS FILM & SHEET
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<PAGE>   1





                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, D.C. 20549



                                  SCHEDULE 13G


                   Under the Securities Exchange Act of 1934
                               (Amendment No. 3)*


Atlantis Plastics, Inc.
- --------------------------------------------------------------------------
                                (Name of Issuer)

Class A Common Stock
- --------------------------------------------------------------------------
                        (Title of Class of Securities)

                                   049156102
                            -----------------------
                                 (CUSIP Number)


Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).

*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


- -------------------                                        -------------------
CUSIP NO. 049156102                    13G                 Page    of   Pages  
          ---------                                            ---   ---
- -------------------                                        -------------------

- ------------------------------------------------------------------------------
   1     NAME OF REPORTING PERSON
         S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         Michael W. Cook Asset Management, Inc.
         d/b/a Cook Mayer Taylor
         62-1378280
- ------------------------------------------------------------------------------
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                                 (a) [ ]
                                                                 (b) [X]
- ------------------------------------------------------------------------------
   3     SEC USE ONLY



- ------------------------------------------------------------------------------
   4    CITIZENSHIP OR PLACE OF ORGANIZATION


        TN
- ------------------------------------------------------------------------------
                        5    SOLE VOTING POWER

  NUMBER OF                  588,800
                     
   SHARES            ---------------------------------------------------------
                        6    SHARED VOTING POWER
 BENEFICIALLY               
                              N/A            
  OWNED BY           ---------------------------------------------------------
                        7    SOLE DISPOSITIVE POWER
    EACH                     
                             588,800             
  REPORTING          ---------------------------------------------------------
                        8    SHARED DISPOSITIVE POWER
   PERSON                   
                              N/A        
    WITH
- ------------------------------------------------------------------------------
   9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


        588,800
- ------------------------------------------------------------------------------
  10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


        N/A
- ------------------------------------------------------------------------------
  11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


        13.5%
- ------------------------------------------------------------------------------
  12    TYPE OF REPORTING PERSON*


        IA
- ------------------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!

                               Page 2 of 8 pages
<PAGE>   3
                         INSTRUCTIONS FOR SCHEDULE 13G

INSTRUCTIONS FOR COVER PAGE

 (1)  Names and Social Security Numbers of Reporting Persons -- Furnish the full
      legal name of each person for whom the report is filed -- i.e., each
      person required to sign the schedule itself -- including each member of a
      group. Do not include the name of a person required to be identified in
      the report but who is not a reporting person. Reporting persons are also
      requested to furnish their Social Security or I.R.S. identification
      numbers, although disclosure of such numbers is voluntary, not mandatory
      (see "SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G," below).

 (2)  If any of the shares beneficially owned by a reporting person are held as
      a member of a group and such membership is expressly affirmed, please
      check row 2(a). If the membership in a group is disclaimed or the
      reporting person describes a relationship with other persons but does not
      affirm the existence of a group, please check row 2(b) [unless a joint
      filing pursuant to Rule 13d-1(e)(l) in which case it may not be necessary
      to check row 2(b)].

 (3)  The third row is for SEC internal use; please leave blank.

 (4)  Citizenship or Place of Organization -- Furnish citizenship if the named
      reporting person is a natural person. Otherwise, furnish place of
      organization. 

 (5)-(9),(11) Aggregate Amount Beneficially Owned By Each Reporting Person,
      Etc. -- Rows (5) through (9) inclusive, and (11) are to be completed in
      accordance with the provisions of Item 4 of Schedule 13G. All percentages
      are to be rounded off to the nearest tenth (one place after decimal
      point).

(10)  Check if the aggregate amount reported as beneficially owned in row (9)
      does not include shares as to which beneficial ownership is disclaimed
      pursuant to Rule 13d-4 [17 CFR 240.13d-4] under the Securities Exchange
      Act of 1934.

(12)  Type of Reporting Person -- Please classify each "reporting person"
      according to the following breakdown (see Item 3 of Schedule 13G) and
      place the appropriate symbol on the form:


<TABLE>
<CAPTION>
               Category                                 Symbol
           <S>                                          <C>
           Broker Dealer                                  BD
           Bank                                           BK
           Insurance Company                              IC
           Investment Company                             IV
           Investment Adviser                             IA
           Employee Benefit Plan, Pension Fund,
             or Endowment Fund                            EP
           Parent Holding Company                         HC
           Corporation                                    CO
           Partnership                                    PN
           Individual                                     IN
           Other                                          OO
</TABLE>

Notes:

     Attach as many copies of the second part of the cover page as are needed,
one reporting person per page.
     Filing persons may, in order to avoid unnecessary duplication, answer
items on the schedules (Schedule 13D, 13G or 14D-1) by appropriate cross
references to an item or items on the cover page(s). This approach may only be
used where the cover page item or items provide all the disclosure required by
the schedule item. Moreover, such a use of a cover page item will result in the
item becoming a part of the schedule and accordingly being considered as
"filed" for purposes of Section 18 of the Securities Exchange Act or otherwise
subject to the liabilities of that section of the Act.
     Reporting persons may comply with their cover page filing requirements by
filing either completed copies of the blank forms available from the
Commission, printed or typed facsimiles, or computer printed facsimiles,
provided the documents filed have identical formats to the forms prescribed
in the Commission's regulations and meet existing Securities Exchange Act rules
as to such matters as clarity and size (Securities Exchange Act Rule 12b-12).

              SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G

     Under Sections 13(d), 13(g), and 23 of the Securities Exchange Act of 1934
and the rules and regulations thereunder, the Commission is authorized to
solicit the information required to be supplied by this schedule by certain
security holders of certain issuers.
     Disclosure of the information specified in this schedule is mandatory,
except for Social Security or I.R.S. identification numbers, disclosure of
which is voluntary. The information will be used for the primary purpose of
determining and disclosing the holdings of certain beneficial owners of certain
equity securities. This statement will be made a matter of public record.
Therefore, any information given will be available for inspection by any member
of the public.

                               Page 3 of 8 pages

<PAGE>   4
     Because of the public nature of the information, the Commission can
utilize it for a variety of purposes, including referral to other governmental
authorities or securities self-regulatory organizations for investigatory
purposes or in connection with litigation involving the Federal securities laws
or other civil, criminal or regulatory statutes or provisions. Social Security
or I.R.S. identification numbers, if furnished, will assist the Commission in
identifying security holders and, therefore, in promptly processing statements
of beneficial ownership of securities.
     Failure to disclose the information requested by this schedule, except for
Social Security or I.R.S. identification numbers, may result in civil or
criminal action against the persons involved for violation of the Federal
securities laws and rules promulgated thereunder.

                              GENERAL INSTRUCTIONS

A. Statements containing the information required by this schedule shall be
   filed not later than February 14 following the calendar year covered by the
   statement or within the time specified in Rule 13d-1(b)(2), if applicable.

B. Information contained in a form which is required to be filed by rules under
   section 13(f) (15 U.S.C. 78m(f)) for the same calendar year as that covered
   by a statement on this schedule may be incorporated by reference in response
   to any of the items of this schedule. If such information is incorporated by
   reference in this schedule, copies of the relevant pages of such form shall
   be filed as an exhibit to this schedule.

C. The item numbers and captions of the items shall be included but the text of
   the items is to be omitted. The answers to the items shall be so prepared as
   to indicate clearly the coverage of the items without referring to the text
   of the items. Answer every item. If an item is inapplicable or the answer is
   in the negative, so state.

ITEM 1.
   (a) Name of Issuer  
          Atlantis Plastics, Inc.

   (b) Address of Issuer's Principal Executive Offices
          2665 South Bayshore Drive, Suite 800
          Miami, Florida 33133
         
ITEM 2.
   (a) Name of Person Filing
          Michael W. Cook Asset Management, Inc. d/b/a Cook Mayer Taylor 

   (b) Address of Principal Business Office or, if none, Residence          
          1613 Winchester Rd., Suite 210
          Memphis, TN 38116

   (c) Citizenship TN

   (d) Title of Class of Securities 
          Class A Common Stock

   (e) CUSIP Number
          049156102

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B),
        CHECK WHETHER THE PERSON FILING IS A:
   (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

   (d) [ ] Investment Company registered under section 8 of the Investment
       Company Act

   (e) [X] 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 ss.240.13d-1(b)(1)(ii)(F)

   (g) [ ] Parent Holding Company, in accordance with ss.240.13d-1(b)(ii)(G)
       (Note: See Item 7)

   (h) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(H)

ITEM 4. OWNERSHIP
     If the percent of the class owned, as of December 31 of the year covered
by the statement, or as of the last day of any month described in Rule
13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right
to acquire.

   (a) Amount Beneficially Owned    588,800

   (b) Percent of Class   13.5%



                               Page 4 of 8 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 588,800
    (ii) shared power to vote or to direct the vote N/A
   (iii) sole power to dispose or to direct the disposition of 588,800
    (iv) shared power to dispose or to direct the disposition of N/A

Instruction: For computations regarding securities which represent a right to
acquire an underlying security see Rule 13d-3(d)(1).

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 securities, check the following [ ].

Instruction: Dissolution of a group requires a response to this item.

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
     If any other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.  N/A

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY 
     If a parent holding company has filed this schedule, pursuant to Rule
13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the
identity and the Item 3 classification of the relevant subsidiary. If a parent
holding company has filed this schedule pursuant to Rule 13d-1(c), attach an
exhibit stating the identification of the relevant subsidiary. N/A

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
     If a group has filed this schedule pursuant to Rule 13d(b)(ii)(H), so
indicate under Item 3(h) and attach an exhibit stating the identity and Item 3
classification of each member of the group. If a group has filed this schedule
pursuant to Rule 13d-1(c), attach an exhibit stating the identity of each member
of the group. N/A

ITEM 9. NOTICE OF DISSOLUTION OF GROUP
     Notice of dissolution of a group may be furnished as an exhibit stating the
date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by members
of the group, in their individual capacity. See Item 5. N/A

ITEM 10. CERTIFICATION
     The following  certification shall be included if the statement is filed
pursuant to Rule 13d-1(b):
     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.



                                                              02/23/98
                                                    ----------------------------
                                                                Date

                                                          JOHN McFADDEN VP
                                                    ----------------------------
                                                              Signature

                                                          JOHN McFADDEN VP
                                                    ----------------------------
                                                              Name/Title




                               Page 5 of 8 pages
<PAGE>   6




     The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.

Note: Six copies of this statement, including all exhibits, should be filed
with the Commission.

     ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C.1001)


                               Page 6 of 8 pages


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