SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)
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)
January 13, 1999
----------------
(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 10 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 2,242,308
EACH __________________________________________________________________
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON None
WITH __________________________________________________________________
10 SHARED DISPOSITIVE POWER
2,457,733
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,457,733
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [___]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
<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 2,247,308
EACH _______________________________________________________________
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON None
WITH _______________________________________________________________
10 SHARED DISPOSITIVE POWER
2,462,733
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,462,733
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [___]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
<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 2,247,308
EACH _______________________________________________________________
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON None
WITH _______________________________________________________________
10 SHARED DISPOSITIVE POWER
2,462,733
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,462,733
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [____]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
<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 2,247,308
EACH ______________________________________________________________
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON None
WITH ______________________________________________________________
10 SHARED DISPOSITIVE POWER
2,462,733
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,462,733
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [___]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
<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 2,247,308
EACH ______________________________________________________________
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON None
WITH ______________________________________________________________
10 SHARED DISPOSITIVE POWER
2,462,733
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,462,733
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [___]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
<PAGE>
This Amendment No. 6 (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 $4,905,612.00 to acquire the 1,140,840 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.
On January 13, 1999, Cape Ann consummated the previously disclosed purchase
of additional Shares from the Issuer pursuant to the 1998 Superseding Agreement,
acquiring 1,140,840 additional Shares.
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 1998 Superseding Agreement previously
described in the Schedule 13D.
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
2,462,733 shares of Common Stock (2,457,733, in the case of Cape Ann), in each
case including 215,425 shares issuable upon exercise of the Warrants. To the
best knowledge of the Reporting Persons, there are 7,114,361 shares of Common
Stock outstanding (as reported by the Issuer in its most recent Annual Report on
Form 10-K, plus an aggregate of 1,441,860 additional shares issued to the
Reporting Persons and others on January 13, 1999). The 2,462,733 shares
beneficially owned by the Reporting Persons represent approximately 33.6% of the
Common Stock issued and outstanding, including, for these purposes, the 215,425
shares of Common Stock that would be issued upon exercise of the Warrants in
accordance with Rule 13d-3. Subject to the limitations of the 1998 Superseding
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 and
none of the Reporting Persons has the power currently to vote the shares
issuable upon exercise of the Warrants).
(c) During the last sixty days, the only transaction in Common Stock
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) was the
purchase, on January 13, 1999, by Cape Ann of 1,140,840 shares of Common Stock
from the Issuer at a price of $4.30 per share, or an aggregate of $4,905,612.00.
<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: January 14, 1999
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>
<TABLE>
<CAPTION>
EXHIBIT INDEX
-------------
<S> <C> <C>
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 the Sixty Days Leading up to and *
including August 31, 1998.
9 1998 Superseding Agreement *
10 Letter Agreement regarding the determination of the Exercise Price of *
the Warrants
</TABLE>
- --------
* previously filed
