SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
(Amendment No. 2)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) and (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
Nutramax Products, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
67061A300
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(CUSIP Number)
September 30, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[X] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d)
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*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>1
CUSIP No.67061A300 13G/A
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1. NAME OF REPORTING PERSON(S)
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON(S) (Entities only)
Peritus Asset Management, Inc.-94-3174137
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X] (b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
State of California
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NUMBER OF 5. SOLE VOTING POWER
SHARES -0-
BENEFICIALLY -------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH 1,303,730
REPORTING -------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH -0-
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8. SHARED DISPOSITIVE POWER
1,303,730
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,303,730
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
Not Applicable
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
18.2%
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12. TYPE OF REPORTING PERSON*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>2
CUSIP No.67061A300 13G/A
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1. NAME OF REPORTING PERSON(S)
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON(S) (Entities only)
Peritus Capital Partners LLC-77-0493842
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X] (b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
State of California
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NUMBER OF 5. SOLE VOTING POWER
SHARES -0-
BENEFICIALLY -------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH 681,400
REPORTING -------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH -0-
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8. SHARED DISPOSITIVE POWER
681,400
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
681,400
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
Not Applicable
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.5%
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12. TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>3
CUSIP No. 67061A300 13G/A
NOTE: This Schedule 13G Amendment is filed on behalf of Peritus Asset
Management, Inc. and Peritus Capital Partners, LLC, jointly, pursuant to Rule
13d-1(k)(1). With respect to Peritus Asset Management, Inc., this Schedule 13G
Amendment amends the Schedule 13G filed by it on February 2, 1999, and amended
on May 10, 1999. With respect to Peritus Capital Partners LLC, this Schedule 13G
Amendment amends the Schedule 13G filed by it on April 30, 1999.
Item 1. (a) Name of Issuer:
Nutramax Products, Inc.
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(b) Address of Issuer's Principal Executive Offices:
9 Blackburn Drive, Gloucester, MA 01930
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Item 2. (a) Name of Persons Filing:
Peritus Asset Management, Inc. ("PAMI") and Peritus Capital
Partners, LLC. ("PCP")
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(b) Address of Principal Business Office, or if None,
Residence:
315 E. Canon Perdido, Santa Barbara, CA 93101 (both filers)
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(c) Citizenship:
PAMI is a California corporation and PCP is a California
limited liability company.
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(d) Title of Class of Securities:
Common Stock
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(e) CUSIP Number:
67061A300
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Item 3. Type of Reporting Persons:
PAMI is an investment advisor filing in accordance with
Section 240.13d-1(b)(1)(ii)(E). PCP is classified as "Other" as its principal
business is as a private investment fund. PCP is managed by PAMI. All shares
owned by PCP are attributed to PAMI for purposes of this report.
Item 4. Ownership.
(a) Amount beneficially owned:
Shares of Common Stock:
PAMI-1,303,730
PCP- 681,400
<PAGE>4
CUSIP No. 67061A300 13G/A
(b) Percent of class:
PAMI-18.2%
PCP-9.5%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: -0-
(ii) Shared power to vote or to direct the vote:
PAMI-1,303,730
PCP-681,400
(iii) Sole power to dispose or to direct the disposition
of: -0-
(iv) Shared power to dispose or to direct the disposition of:
PAMI-1,303,730
PCP-681,400
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable
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>5
CUSIP No. 67061A300 13G
Item 10. Certification.
By signing below Peritus Asset Management, Inc., certifies that, to
the best of its knowledge and belief, the securities referred to above were
acquired and are held in the ordinary course of business and were not acquired
and are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having that purpose or effect.
Additionally, by signing below, Peritus Capital Partners, LLC certifies
that, to the best of its knowledge and belief, the securities referred to above
were not acquired and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in any
transaction having that purpose or effect.
<PAGE>6
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: October 8, 1999
PERITUS ASSET MANAGEMENT, INC.
By: /s/ Timothy J. Gramatovich
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Timothy J. Gramatovich
Chief Investment Officer
PERITUS CAPITAL PARTNERS, LLC
By: Peritus Assets Management, Inc.,
Manager
By: /s/ Timothy J. Gramatovich
--------------------------------
Timothy J. Gramatovich
Chief Investment Officer
* Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
EXHIBIT 1
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G/A with
respect to the shares of Common Stock of Nutramax Products, Inc., is, and any
amendment thereto signed by each of the undersigned shall be, filed on behalf of
each undersigned pursuant to and in accordance with the provisions of 13d-1(k)
under the Securities Exchange Act
of 1934, as amended.
Dated: October 8, 1999
PERITUS ASSET MANAGEMENT, INC.
By: /s/ Timothy J. Gramatovich
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Timothy J. Gramatovich
Chief Investment Officer
PERITUS CAPITAL PARTNERS, LLC
By: Peritus Assets Management, Inc.,
Manager
By: /s/ Timothy J. Gramatovich
--------------------------------
Timothy J. Gramatovich
Chief Investment Officer
