SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
NutraMax Products, Inc.
-----------------------
(Name of Issuer)
Common Stock, par value $.001 per share
---------------------------------------
(Title of Class of Securities)
67061A30
--------------
(CUSIP Number)
David M. Schulte
Chilmark Fund II, L.P.
875 North Michigan Avenue
Chicago, Illinois 60611
(312) 984-9711
-------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 31, 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 Rule 13d-1(b)(3)
or (4), check the following box [ ].
Page 1 of 11 Pages
Exhibit Index Appears on Page 10
<PAGE>
SCHEDULE 13D
CUSIP NO. 67061A30
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cape Ann Investors, L.L.C.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [x]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF None
SHARES -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,101,468
EACH -------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON None
WITH -------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,101,468
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,101,468
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.3%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
Page 2 of 11 Pages
<PAGE>
SCHEDULE 13D
CUSIP NO. 67061A30
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Chilmark Fund II, L.P.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [x]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF None
SHARES -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,106,468
EACH -------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON None
WITH -------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,106,468
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,106,468
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.4%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
Page 3 of 11 Pages
<PAGE>
SCHEDULE 13D
CUSIP NO. 67061A30
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Chilmark II, L.L.C.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [x]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [__]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF None
SHARES -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,106,468
EACH -------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON None
WITH -------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,106,468
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,106,468
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.4%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
Page 4 of 11 Pages
<PAGE>
SCHEDULE 13D
CUSIP NO. 67061A30
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Chilmark Partners, L.L.C.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [x]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF None
SHARES -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,106,468
EACH -------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON None
WITH -------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,106,468
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,106,468
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.4%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
Page 5 of 11 Pages
<PAGE>
SCHEDULE 13D
CUSIP NO. 67061A30
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David M. Schulte
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [x]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF None
SHARES -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,106,468
EACH -------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON None
WITH -------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,106,468
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,106,468
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.4%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
Page 6 of 11 Pages
<PAGE>
This Amendment No. 4 (this "Amendment") amends and
supplements the Schedule 13D filed on September 22, 1997, as
previously amended (the "Schedule 13D"), by Cape Ann Investors,
L.L.C. ("Cape Ann"), Chilmark Fund II, L.P. ("Chilmark Fund"),
Chilmark II, L.L.C. ("Chilmark II"), Chilmark Partners, L.L.C.
("Chilmark Partners") and David M. Schulte (collectively, the
"Reporting Persons") with respect to the Common Stock, par value
$.001 per share ("Common Stock"), of NutraMax Products, Inc. (the
"Issuer"). All capitalized terms used in this Amendment and not
otherwise defined herein have the meanings ascribed to such terms
in the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
Cape Ann expended $710,010.47 to acquire the 98,300
additional Shares of Common Stock to which this Amendment
relates. The source of such funds was capital contributions from
the members of Cape Ann.
Item 4. Purpose of Transaction.
The Shares of Common Stock to which this Amendment
relates were acquired in open market transactions from August 19,
1998 through August 31, 1998 in accordance with the August 1998
Amendment, previously described in the Schedule 13D. These Shares
were acquired in order to expand the minority investment of Cape
Ann in the Issuer. Under the August 1998 Amendment, Cape Ann and
Chilmark Fund and their affiliates are permitted to purchase from
time to time, in the open market or in privately negotiated
transactions, up to an aggregate of 245,000 shares of Common
Stock. Accordingly, an additional 146,700 Shares may be
purchased.
The Reporting Persons intend to continue to review
their investment in Common Stock and, from time to time depending
upon certain factors, including without limitation the financial
performance of the Issuer, the availability and price of shares
of Common Stock, other general economic, market and investment
conditions and options available to them, may determine to
acquire through open market purchases or otherwise additional
shares of Common Stock, or may determine to sell through the open
market or otherwise, in each case, subject to applicable law and
the limitations of the October Agreement and the Agreement
previously described in the Schedule 13D, as amended by the
August 1998 Amendment.
Except as stated above, no Reporting Person has any
plans or proposals of the type referred to in clauses (a) through
(j) of Item 4 of Schedule 13D, as promulgated by the Securities
and Exchange Commission.
Item 5. Interest in Securities of the Issuer.
(a) and (b) As of the date hereof, the Reporting
Persons beneficially own 1,106,468 shares of Common Stock
(1,101,468, in the case of Cape Ann). To the best knowledge of
the Reporting Persons, there are 5,715,763 shares of Common Stock
outstanding (as reported by the Issuer in its most recent
Quarterly Report on Form 10-Q). The 1,106,468 shares beneficially
owned by the Reporting Persons represent approximately 19.4% of
the Common Stock issued and outstanding. Subject to the
Page 7 of 11 Pages
<PAGE>
limitations of the Agreement, the Reporting Persons share the
power to vote or to direct the vote of, and the power to dispose
or to direct the disposition of, the Common Stock beneficially
owned by them (except that Cape Ann does not share such powers
with respect to the 5,000 shares of Common Stock held directly by
Chilmark Fund).
(c) Certain information with respect to each
transaction by Cape Ann in the Common Stock during the last sixty
days is set forth in Exhibit 8 hereto. Except as set forth
therein, during the last sixty days, no transactions in Common
Stock were effected by the Reporting Persons (or, to the best
knowledge of the Reporting Persons, any of the persons listed in
Appendix A to the Schedule 13D).
Item 7. Material to be Filed as Exhibits.
Exhibit 8 - Purchases of Common Stock During
the Last Sixty Days.
Page 8 of 11 Pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in the statement
is true, complete and correct.
Dated: September 1, 1998
Cape Ann Investors, L.L.C.
By: /s/ David Schulte
-------------------------
Name: David Schulte
Title: President
Chilmark Fund II, L.P.
By: Chilmark II, L.L.C.
By: /s/ David Schulte
-------------------------
Name: David Schulte
Title: President
Chilmark II, L.L.C.
By: /s/ David Schulte
-------------------------
Name: David Schulte
Title: President
Chilmark Partners, L.L.C.
By: /s/ David Schulte
-------------------------
Name: David Schulte
Title: Managing Member
/s/ David Schulte
----------------------------
David Schulte
Page 9 of 11 Pages
<PAGE>
EXHIBIT INDEX
Exhibit Page
Number Description Number
- ------ ----------- ------
1 Joint Filing Agreement, dated *
September 19, 1997, among the
Reporting Persons.
2 Stock Purchase Agreement. *
3 Amendment No. 1. *
4 Form of Share Purchase Agreement, *
dated as of September 18, 1997.
5 October Agreement. *
6 Amendment to October Agreement. *
7 August 1998 Amendment to Stock *
Purchase Agreement.
8 Purchases of Common Stock During 11
the Last Sixty Days.
- --------
* previously filed
Page 10 of 11 Pages
<PAGE>
Exhibit 8
Purchases of Common Stock
During the Last Sixty Days
Set forth below are the purchases of Common Stock
during the sixty days through August 31, 1998. All purchases were
made in open-market, stock exchange transactions.
Date Number of Shares Price per Share*
---- ---------------- ----------------
8/19/98 2,500 7.5000
8/20/98 2,500 7.3750
8/21/98 1,500 7.7500
8/24/98 20,000 7.7500
8/25/98 4,100 7.7500
8/26/98 4,100 7.4817
8/27/98 4,100 7.0000
8/28/98 12,000 6.6250
8/31/98 47,500 7.0000
- ----------
* Excluding commissions.
Page 11 of 11 Pages
