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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Eagle Pacific Industries
(Name of Issuer)
Common Stock
(Title of Class of Securities)
269719100
(CUSIP Number)
Gary S. Kohler, Vice President
Okabena Investment Services, Inc.
5140 Norwest Center
90 South Seventh Street, Minneapolis, MN 55402-4139
(612) 339-7151
(Name, Address and Telephone Number of Person Authorized
to receive Notices and Communications)
See Item 5(c)
(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 / /.
Check the following box if a fee is being paid with this statement /X/.
(A fee is not required only if the reporting 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 less than five percent
of such class. See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are
to be sent.
*The remainder of this cover page should 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 disclosures provided in a prior cover page.
The information required on 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
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CUSIP No. 269719100
________________________________________________________________________________
(1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
Persons
OKABENA PARTNERSHIP K, A MINNESOTA GENERAL PARTNERSHIP 41-1642281
________________________________________________________________________________
(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 if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
________________________________________________________________________________
(6) Citizenship or Place of Organization
MN
________________________________________________________________________________
Number of (7) Sole Voting Power 425,000 shares
Shares _______________________________________________________________
Beneficially (8) Shared Voting Power
Owned by _______________________________________________________________
Each Reporting (9) Sole Dispositive Power 425,000 shares
Person _______________________________________________________________
With (10) Shared Dispositive Power
________________________________________________________________________________
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
425,000 shares
________________________________________________________________________________
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
/ /
________________________________________________________________________________
(13) Percent of Class Represented by Amount in Row (11)
8.90%
________________________________________________________________________________
(14) Type of Reporting Person (See Instructions)
PN
Page 2 of 5 pages
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ITEM 1. SECURITY AND ISSUER
The class of equity securities to which this statement relates is
the common stock, par value $.01 per share ( the "Common Stock"), of Eagle
Pacific Industries, Inc., a Minnesota corporation (the "Company"). The
principal executive offices of the Company are located at 2430 Metropolitan
Centre, 333 Seventh Street, Minneapolis, MN 55402.
ITEM 2. IDENTITY AND BACKGROUND
(a) - (c). This statement is being filed by Okabena Partnership K,
a Minnesota general partnership. Its principal business is investment.
Okabena Investment Services, Inc., a Minnesota corporation, is the corporate
managing partner of the Reporting Person and its principal business is to
provide investment and administrative services. Their principal offices are
located at 5140 Norwest Center, 90 South Seventh Street, Minneapolis,
Minnesota 55402-4139.
(d) and (e). During the last five years, no Reporting Person and
no person listed on Exhibit A has (i) been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or (ii) been a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgement, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation
with respect to such laws.
(f) U.S.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Working capital
ITEM 4. PURPOSE OF TRANSACTION
For investment.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) and (b). See Schedule 13D cover page, rows (7) through (11)
inclusive and (13).
(c). The Reporting Person acquired 25,000 shares of Common Stock
directly from the Company in a private placement on May 18, 1994
at a price of $1.75 per share. On May 8, 1996 the
Reporting Person subscribed to purchase 400,000 additional
shares of Common Stock, delivered by the Company on May 30,
1996, at a price of $2.50 per share. These additional shares
were purchased in a private placement through Bank of America
as a sales agent.
Page 3 of 5 pages
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ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIP WITH
RESPECT TO THE SECURITIES OF THE ISSUER
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A - Partners of the Reporting Person.
Page 4 of 5 pages
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SIGNATURE
After reasonable inquiry and to the best of his knowledge and
belief, each of the undersigned certifies that the information set forth in
this statement is true, complete and correct.
Date: May 31, 1996 OKABENA PARTNERSHIP K
By: Okabena Investment Services, Inc.
Its Managing Partner
By: /s/ Gary S. Kohler
----------------------------------
Gary S. Kohler, Vice President
Page 5 of 5 pages
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EXHIBIT A
ITEM 99. IDENTITY AND BACKGROUND
Set forth below is a list of the partners of Okabena Partnershp K and
their respective occupations. The business address for each partner is c/o
Okabena Company, 5140 Norwest Center, 90 South Seventh Street, Minneapolis,
MN 55402-4139. The answer to Item 2(d) and (e) for each partner is
negative. Each partner who is a natural person is a United States citizen.
NAME OF PARTNER OCCUPATION
1. Orchard Trust U/A 5-27-70 LJD, END,
RJD, JWD Trustees N/A
2. DCD Marital Elect. Inc. Trust N/A
3. Edward N. Dayton Revocable Trust Private Investor
4. Edward N. Dayton Exemption Trust N/A
5. Sherry Ann Dayton Private Investor
6. Christopher B. Dayton Rev. Tr. Private Investor
7. End Trust for Christopher N/A
8. Christopher B. Dayton Excl. Tr. N/A
9. Martha B. Dayton Revocable Tr. N/A
10. End Trust for Martha N/A
11. Martha B. Dayton Exclusion Tr. N/A
12. Michael K. Dayton Revocable Tr. Private Investor
13. End Trust for Michael N/A
14. Michael K. Dayton Exclusion Tr. N/A
15. Robert J. Dayton Revocable Tr. Chief Executive Officer
(Private Investment Company)
16. Robert J. Dayton Trust N/A
17. Robert J. Dayton Exemption Tr. N/A
18. Joan L. Dayton Revocable Tr. Private Investor
19. James G. Dayton Architect
20. RJD Trust for James N/A
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21. James G. Dayton Exclusion Tr. N/A
22. Tobin J. Dayton Environmentalist
23. RJD Trust for Tobin N/A
24. TJD Exclusion Trust N/A
25. Mae F. Dayton Research Development
Director
26. Scott N. Dayton Retailer
27. RJD Trust for Scott N/A
28. Scott N. Dayton Exclusion Tr. N/A
29. John W. Dayton Exemption Trust N/A
30. Chadwick L. Dayton Student
31. Chadwick L. Dayton Trust N/A
32. Chadwick L. Dayton Exclus. Tr. N/A
33. Whitney L. Dayton Student
34. Whitney Loher Dayton Trust N/A
35. Whitney L. Dayton Exclusion Tr. N/A
36. Virginia Y. Dayton Revoc. Tr. Private Investor
37. Virginia Y. Dayton Term. Trust N/A
38. Mark B. Dayton State Auditor
State of Minnesota
39. Brandt N. Dayton President, Brandt N. Dayton
& Co. (Art Dealer)
40. BND 1978 Family Trust N/A
41. BBD 1966 Trust for BND N/A
42. Christian B. Dayton Therapist
43. Marina B. Dayton Minor
44. Marina Bliss Dayton Trust N/A
45. Alexander B. Dayton Minor
46. Alexander B. Dayton Trust N/A
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47. Lucy B. Dayton Veterinarian
48. LBD 1985 Family Trust N/A
49. BBD 1966 Trust for LBD N/A
50. Lucy B. Dayton 1990 Term Trust N/A
51. Margaret Bliss O'Keefe Minor
52. Margaret Bliss O'Keefe Trust N/A
53. Angus Dayton O'Keefe Trust N/A
54. Catherine Greer O'Keefe Trust N/A
55. Anne D. Buxton Artist
56. BBD Trust for ADB N/A
57. ADB & RMB Term Trust N/A
58. Nicholas Sherman Buxton Trust N/A
59. Henry M. Buxton Irrev. Trust N/A
60. Wallace C. Dayton Revocable Tr. Private Investor
61. WCD 1978 Grandchildren's Trust N/A
62. Mary Lee Dayton Revocable Tr. Private Investor
63. Sally D. Clement Revocable Tr. Therapist
64. 1983 SDC Children's Trust N/A
65. SDC-SMC 1985 Char. Term Trust N/A
66. Stephen M. Clement III Educator
67. Theodore D. Clement Minor
68. Theodore D. Clement Trust N/A
69. Theodore D. Clement Exclus. Tr. N/A
70. Winston W. Clement Minor
71. Winston W. Clement Trust N/A
72. Winston W. Clement Exclus. Tr. N/A
73. Ellen D. Sturgis Revocable Tr. Private Investor
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74. EDS 1978 Family Trust N/A
75. Ellen 1985 Char. Term Trust N/A
76. Sheldon S. Sturgis Revoc. Tr. President, ESCO Industries
77. Matthew D. Sturgis Minor
78. Matthew D. Sturgis Trust N/A
79. Matthew D. Sturgis Exclus. Tr. N/A
80. Katherine L. Sturgis Private Investor
81. Katherine L. Sturgis Trust N/A
82. Katherine L. Sturgis Excl. Tr. N/A
83. Rosamond G. Sturgis Minor
84. Rosamond G. Sturgis Trust N/A
85. Rosamond G. Sturgis Excl. Tr. N/A
86. Katherine D. Nielsen Revoc. Tr. Private Investor
87. KDN 1980 Family Trust N/A
88. Katherine 1984 Char. Term Trust N/A
89. Stuart A. Nielsen Artist
90. Samuel D. Richardson Minor
91. Samuel D. Richardson Trust N/A
92. Samuel D. Richardson Excl. Tr. N/A
93. Olivia Maren Nielsen Minor
94. Olivia M. Nielsen Irrev. Trust N/A
95. Elizabeth D. Dovydenas Private Investor
96. EDD 1980 Family Trust N/A
97. John D. Dovydenas Minor
98. John D. Dovydenas Exclusion Tr. N/A
99. Elena L. Dovydenas Minor
100. Elena L. Dovydenas Exclus. Tr. N/A
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101. K.N. Dayton Recovable Trust Private Investor
102. 1983 Oakleaf Trust U/A 11-1-83 N/A
103. Julia W. Dayton Revocable Tr. Private Investor
104. C.J. Winton Trust U/A 8-1-35 N/A
105. Judson M. Dayton Revocable Tr. Private Investor
106. JMD 1985 Family Trust N/A
107. KND 1966 Trust for C&D N/A
108. JMD 1985 Charitable Term Trust N/A
109. EJD 1988 Term Trust N/A
110. Caroline Avery Dayton Minor
111. Caroline Avery Dayton Trust N/A
112. Caroline A. Dayton Exclus. Tr. N/A
113. Davis Winton Dayton Trust N/A
114. Davis W. Dayton Exclusion Tr. N/A
115. Duncan N. Dayton Revocable Tr. Real Estate Developer
116. DND 1990 Family Trust N/A
117. KND 1966 Trust for DND N/A
118. Duncan N. Dayton Term Trust N/A
119. Katharine L. Kelly Revoc. Tr. Private Investor
120. Douglas J. Dayton Revocable Trust President, Dade, Inc.
(Medical Technology)
121. David D. Dayton Revocable Tr. Engineer, MTS Systems
(Engineering Firm)
122. Newton Family Trust N/A
123. Newton Term Trust N/A
124. Vanessa D. Dayton Revocable Trust Pathologist
125. Isaac N. Dayton Irrev. Trust N/A
126. Caleb F. Dayton Irrev. Trust N/A
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127. Steven J. Melander-Dayton Rev. Private Investor
128. SJMD 1985 Family Trust N/A
129. SJMD 1985 Char. Term Trust N/A
130. A.M. Melander-Dayton Trust N/A
131. D.J. Melander-Dayton Trust N/A
132. Jaclyn Melander Irrev. Trust N/A
133. Allison Melander Irrev. Trust N/A
134. Bruce C. Dayton Revocable Tr. Chef
135. Pamela W. Ritz Private Investor
136. Margot S. Ritz Irrev. Trust N/A
137. Charlotte A. Ritz Irrev.Trust N/A
138. Nicholas J. Braun Irrev. Trust N/A
139. Christopher D. Braun Ir. Trust N/A
140. Deeann L. Thompson Specialty Retailer
141. Bruce C. Lueck President and Sole
Director Okabena Investment
Services, Inc.
142. Bruce C. Lueck - Service Ptnr. President and Sole
Director Okabena Investment
Services, Inc.
143. Gary S. Kohler Vice-President
Okabena Investment
Services, Inc.
144. Gary S. Kohler - Service Partner Vice-President
Okabena Investment
Services, Inc.
145. GND 1936 Trust for DCD N/A
146. DCD Trust Under Will N/A
147. DCD 1966 Charitable Trust N/A
148. DCD 1967 Charitable Trust N/A
149. Edward N. Dayton Term Trust N/A
150. Robert J. Dayton Term Trust N/A
151. John W. Dayton Term Trust N/A
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152. GBD Trust for BBD N/A
153. GND 1936 Trust for WCD N/A
154. GND 1950 Trust for WCD N/A
155. GBD Trust for WCD N/A
156. SDC 1986 Term Trust N/A
157. SDC 1988 Term Trust N/A
158. John D. Dovydenas Trust N/A
159. Liudas Dovydenas Tr. for John N/A
160. Elena L. Dovydenas Trust N/A
161. Liudas Dovydenas Tr. for Elena N/A
162. GND 1936 Trust for KND N/A
163. GND 1950 Trust for KND N/A
164. GBD Trust for KND N/A
165. GND 1936 Trust for DJD N/A
166. GND 1950 Trust for DJD N/A
167. GBD Trust for DJD N/A
168. DJD '68 Char. Trust for I&C N/A
169. DJD '69 Char. Trust for I&C N/A
170. DJD '68 Trust for A&D N/A
171. DJD '69 Char. Trust for A&D N/A
172. DJD '68 Char. Trust for BDC N/A
173. DJD '69 Char. Trust for BCD N/A
174. Okabena Investment Services, Inc. N/A
