BRUNSWICK TECHNOLOGIES INC
SC 13G/A, 1999-02-12
BROADWOVEN FABRIC MILLS, MAN MADE FIBER & SILK
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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. 1 )*
                                             ---


                          BRUNSWICK TECHNOLOGIES, INC.
- --------------------------------------------------------------------------------
                                (Name of issuer)


                                  COMMON STOCK
- --------------------------------------------------------------------------------
                         (Title of class of securities)


                                   117394 10 6
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                                December 31, 1998
- --------------------------------------------------------------------------------
             (Date of event which requires filing of this statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)  (Amendment filed pursuant to Rule 13d-2(b))
[ ] Rule 13d-1(d)

                       (Continued on the following pages)

                              (Page 1 of 6 Pages)

- --------------------------
*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. 117394 10 6            SCHEDULE 13G            Page 2 of 6 Pages
- --------------------------------------------------------------------------------
1.       NAME OF REPORTING PERSON
         I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON (Entities only)

         Gregory B. Peters
- --------------------------------------------------------------------------------
2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)  [ ]
                                                                       (b)  [ ]
- --------------------------------------------------------------------------------
3.       SEC USE ONLY

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

         United States of America
- --------------------------------------------------------------------------------
                    5.     SOLE VOTING POWER
    
                           0
    NUMBER OF       ------------------------------------------------------------
      SHARES        6.     SHARED VOTING POWER                                  
   BENEFICIALLY                                                                 
     OWNED BY              0                                       
       EACH         ------------------------------------------------------------
    REPORTING       7.     SOLE DISPOSITIVE POWER                               
      PERSON                                                                    
       WITH:               0                                                  
                    ------------------------------------------------------------
                    8.     SHARED DISPOSITIVE POWER                             

                           0                                                    
- --------------------------------------------------------------------------------
9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         0
- --------------------------------------------------------------------------------
10.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
                                                                            [ ]
- --------------------------------------------------------------------------------
11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
         0
- --------------------------------------------------------------------------------
12.      TYPE OF REPORTING PERSON

         IN
================================================================================
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>   3

Item 1(a).          NAME OF ISSUER

                    Brunswick Technologies, Inc.

Item 1(b).          ADDRESS OF ISSUER'S PRINCIPAL OFFICE

                    43 Bibber Parkway
                    Brunswick, Maine  04011

Item 2(a).          NAME OF PERSON FILING

                    Gregory B. Peters

Item 2(b).          ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR IF NONE, RESIDENCE

                    70 Center Street
                    Portland, Maine  04011


Item 2(c).          CITIZENSHIP

                    United States of America

Item 2(d).          TITLE OF CLASS OF SECURITIES

                    Common Stock

Item 2(e).          CUSIP NUMBER

                    117394 10 6

Item 3.             If this statement is filed pursuant to Rules 13d-1(b), or 
                    13d-2(b) or (c), check whether the person filing is a:

         (a)[ ]     Broker or dealer registered under Section 15 of the Exchange
                    Act
         (b)[ ]     Bank as defined in Section 3(a)(6) of the Exchange Act.
         (c)[ ]     Insurance company as defined in Section 3(a)(19) of the 
                    Exchange Act.
         (d)[ ]     Investment company registered under Section 8 of the 
                    Investment Company Act.
         (e)[ ]     Investment adviser in accordance with Rule 
                    13d-1(b)(1)(ii)(E).
         (f)[ ]     Employee benefit plan, or endowment fund in accordance with 
                    Rule 13d-1(b)(1)(ii)(F).
         (g)[ ]     Parent holding company or control person, in accordance with
                    Rule 13d-1(b)(1)(ii)(G).
         (h)[ ]     A savings association as defined in Section 3(b) of the 
                    Federal Deposit Insurance Act.
         (i)[ ]     A church plan that is excluded from the definition of an 
                    investment company under Section 3(c)(14) of the Investment 
                    Company Act.


                               Page 3 of 6 pages
<PAGE>   4

         (j)[ ]     Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

                    If this statement is filed pursuant to Rule 13d-1(c), check 
                    this box [X].

                    This statement is an amendment filed pursuant to Rule
                    13d-2(b).

Item 4.             OWNERSHIP

                    Provide the following information regarding the aggregate
                    number and percentage of the class of the securities of the
                    issuer identified in Item 1.

                     (a) Amount Beneficially Owned: -0-

                     (b) Percent of Class: 0%

                     (c) Number of shares as to which such persons has:

                            (i)   sole power to vote or to direct the vote:

                                  -0-

                            (ii)  shared power to vote or to direct the vote:

                                  -0-

                            (iii) sole power to dispose or to direct the
                            disposition of:

                                  -0-

                            (iv)  shared power to dispose or to direct the
                            disposition of:

                                  -0-

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 [X].

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 


                               Page 4 of 6 pages
<PAGE>   5

                    Company Act of 1940 or the beneficiaries of employee
                    benefit plan, pension fund or endowment fund is not
                    required.

                            Inapplicable

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 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.

                            Inapplicable

Item 8.             IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

                    If a group has filed this schedule, pursuant to Rule
                    13d-1(b)(1)(ii)(J), 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(d), attach an exhibit
                    stating the identity of each member of the group.

                            Inapplicable

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 the
                    members of the group, in their individual capacity. (See
                    Item 5.)

                            Inapplicable

Item 10.            CERTIFICATION.

                    By signing below I certify that, to the best of my
                    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 such purposes or effect.


                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]


                               Page 5 of 6 pages



<PAGE>   6

                                    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 11, 1999     

                                     Signature: /s/ Gregory B. Peters         
                                                --------------------------

                                    Name/Title: GREGORY B. PETERS          
 

                               Page 6 of 6 pages



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