UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Steel of West Virginia Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
858154107
(CUSIP Number)
Check the following box if a fee is being paid with this statement (X).
(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 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 of 5 Pages
<PAGE>
SCHEDULE 13G
CUSIP NO. 858154107
Page 2 of 5 Pages
1 NAME OF REPORTING PERSON: Mesirow Asset Management, Inc.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 36-429599
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: Not applicable
a ( ) b ( )
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION: Illinois
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5 SOLE VOTING POWER: None
6 SHARED VOTING POWER: 394,600
7 SOLE DISPOSITIVE POWER: None
8 SHARED DISPOSITIVE POWER: 394,600
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 394,600
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: 5.6%
12 TYPE OF REPORTING PERSON: IA
<PAGE>
SCHEDULE 13G
CUSIP NO. 858154107
Page 3 of 5 Pages
1 NAME OF REPORTING PERSON: Mesirow Financial Holdings, Inc.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: Not applicable
a ( ) b ( )
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5 SOLE VOTING POWER: None
6 SHARED VOTING POWER: 394,600
7 SOLE DISPOSITIVE POWER: None
8 SHARED DISPOSITIVE POWER: 394,600
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 394,600
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: 5.6%
12 TYPE OF REPORTING PERSON: HC
<PAGE>
SCHEDULE 13G
CUSIP NO. 858154107
Page 4 of 5 Pages
1 NAME OF REPORTING PERSON: Mesirow Financial Services, Inc.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: Not applicable
a ( ) b ( )
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION: Illinois
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5 SOLE VOTING POWER: None
6 SHARED VOTING POWER: 394,600
7 SOLE DISPOSITIVE POWER: None
8 SHARED DISPOSITIVE POWER: 394,600
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 394,600
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: 5.6%
12 TYPE OF REPORTING PERSON: HC
<PAGE>
SCHEDULE 13G
CUSIP NO. 858154107
Page 5 of 5 Pages
Item 1(a) Name of Issuer: Steel of West Virginia Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
17th Street & 2nd Avenue
Huntington, West Virginia 25730
Item 2(a) Name of Person Filing:
The shares reported herein are held by Mesirow Asset Management, Inc. (an
investment adviser registered under section 203 of the Investment Adviser's
Act of 1940) as investment adviser to the Skyline Fund Special Equities
Portfolio (an investment company registered under the Investment Company Act
of 1940), the Mesirow Growth Fund Limited Partnership (an Illinois limited
partnership) and certain clients accounts over which Mesirow Asset Management,
Inc. exercises discretion. This filing is also made on behalf of Mesirow
Financial Holdings, Inc., which is the ultimate parent corporation of Mesirow
Financial Services, Inc.; Mesirow Financial Services, Inc. as the parent
corporation of Mesirow Asset Management, Inc., and the general partner of
Mesirow Growth Fund, L.P.
Item 2(b) Address of Principal Business Office:
The address of the principal business office of each of the
above-named persons is:
350 North Clark Street, Chicago, Illinois 60610
Item 2(c) Citizenship:
Mesirow Financial Holdings, Inc. is a Delaware corporation.
Each of Mesirow Financial Services, Inc. and Mesirow Asset
Management, Inc. is an Illinois corporation. Skyline Fund
Special Equities Portfolio is a Massachusetts business trust.
Mesirow Growth Fund, L.P. is an Illinois limited partnership.
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number: 858154107
Item 3 Type of Person:
(e) Investment Adviser registered under section
203 of the Investment Advisers Act of 1940
Item 4 Ownership (at December 31, 1994):
(a) Amount owned "beneficially" within the
meaning of rule 13d-3:
394,600
(b) Percent of class: 5.6%
<PAGE>
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
none
(ii) shared power to vote or to direct the vote:
394,600*
(iii) sole power to dispose or to direct the
disposition of: none
(iv) shared power to dispose or to direct
disposition of: 394,600*
Mesirow Asset Management, Inc. ("MAM") serves as investment adviser to Skyline
Fund Special Equities Portfolio, a Massachusetts Business Trust; Mesirow Growth
Fund, L.P., an Illinois limited partnership; and certain client accounts over
which MAM has discretion (collectively known as the "Controlled Accounts").
The beneficial ownership figures set forth in response to this item 4 combine
holdings of each of the persons named in response to item 2(a) above. The
filing of this Schedule 13G shall not be construed as an admission that MAM is,
for the purposes of Section 13(d) and 13(g) of the Securities Exchange Act of
1934, the beneficial owner of any securities covered by this statement.
However, pursuant to rule 13d-3(a), the 394,600 shares beneficially owned by
the Controlled Accounts, with respect to which MAM has been delegated shared
voting power and shared dispositive power, are considered to be shares
beneficially owned by MAM solely by reason of such delegated powers.
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:
The shares reported herein have been acquired by MAM on
behalf of the Controlled Accounts. Persons other than MAM
are entitled to receive all dividends from, and proceeds
from the sale of, those shares.
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company:
See response to item 2(a), above.
Item 8 Identification and Classification of Members of the Group:
Not applicable
Item 9 Notice of Dissolution of Group:
Not applicable
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
purpose 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.
Date: February 13, 1995
MESIROW FINANCIAL HOLDINGS, INC.
By: /s/ Ruth Hannenberg
-----------------------------------
Its: Chief Administrative Officer
MESIROW FINANCIAL SERVICES, INC.
By: /s/ Ruth Hannenberg
-----------------------------------
Its: Managing Director
MESIROW ASSET MANAGEMENT, INC.
By: /s/ Stephen G. Gaber
-----------------------------------
Its: Chief Operating Officer
