UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _1_)*
Michigan Brewery, Inc.
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(Name of Issuer)
Common stock
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(Title of Class of Securities)
594194-20-1
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(CUSIP Number)
Check the following box if a fee is being paid with this statement /__/. (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 l; 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 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).
SEC 1745 (2/92) Page 1 of 6 pages
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CUSIP No. 594194-20-1 13G Page 2 of 6 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Perkins Capital Management, Inc.
IRS ID No.: 41-1501962
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /__/
(b) /__/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
730 East Lake Street, Wayzata, MN 55391-1769
5 SOLE VOTING POWER
NUMBER OF 387,000
SHARES 6 SHARED VOTING POWER
0
BENEFICIALLY
OWNED BY 7 SOLE DISPOSITIVE POWER
1,092,400
EACH
REPORTING
PERSON 8 SHARED DISPOSITIVE POWER
0
WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
492,400
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.3%
12 TYPE OF REPORTING PERSON*
IA
SEC 1745 (2/92) Page 2 of 6 pages
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CUSIP No. 594194-20-1 13G Page 3 of 6 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Perkins Opportunity Fund
IRS ID No.: 13-3682185
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /__/
(b) /__/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
A Massachusetts Business Trust
5 SOLE VOTING POWER
NUMBER OF 0 (Refer to page one of two, item five)
SHARES 6 SHARED VOTING POWER
0
BENEFICIALLY
OWNED BY 7 SOLE DISPOSITIVE POWER
0 (Refer to page one of two, item seven)
EACH
REPORTING
PERSON 8 SHARED DISPOSITIVE POWER
0
WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
600,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.4%
12 TYPE OF REPORTING PERSON*
IC
SEC 1745 (2/92) Page 3 of 6 pages
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CUSIP No. 594194-20-1 13G Page 4 of 6 Pages
ITEM 1.
(a) Name of Issuer
Michigan Brewery, Inc.
(b) Address of Issuer's Principal Executive Offices
1999 Walden Drive, Gaylord, MI 49735
ITEM 2.
(a) Name of Person Filing
Perkins Capital Management, Inc., a Minnesota Corporation
The Perkins Opportunity Fund, a Massachusetts Business Trust
(b) Address of Principal Business Office or, if none, Residence
730 East Lake Street
Wayzata, MN 55391-1769
(c) Citizenship
Minnesota Corporation
(d) Title of Class of Securities
Common Stock
(e) CUSIP Number
594194-20-1
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B), CHECK
WHETHER THE PERSON FILING IS A:
(a) /__/ Broker or Dealer registered under Section 15 of the Act
(b) /__/ Bank as defined in section 3(a)(6) of the Act
(c) /__/ Insurance Company as defined in section 3(a)(19) of the act
(d) /__/ Investment Company registered under section 8 of the
Investment Company Act
(e) /X_/ Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) /__/ Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see
240.13d-l(b)(l)(ii)(F)
(g) /__/ Parent Holding Company, in accordance with
240.13d-l(b)(ii)(G) (Note: See Item 7)
(h) /__/ Group, in accordance with 240.13d-l(b)(l)(ii)(H)
ITEM 4. OWNERSHIP
If the percent of the class owned, as of December 31 of the year covered
by the statement, or as of the last day of any month described in Rule
13d-l(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right to
acquire.
(a) The amount beneficially owned is 1,092,400 shares of common.
This includes 492,400 shares of common owned by the clients of
Perkins Capital Management, Inc., 245,000 warrants, exerciseable
within 60 days, held for the clients of Perkins Capital
Management, Inc., 300,000 shares of common owned by The Perkins
Opportunity Fund, and 300,000 warrants exerciseable with 60
days, held by The Perkins Opportunity Fund. Perkins Capital
Management, Inc. disclaims beneficial interest in the Perkins
Opportunity Fund shares.
(b) The percent of class is 20.7%. This includes a percentage of
class of 9.3% by clients of Perkins Capital Management, Inc. and
11.4% by The Perkins Opportunity Fund.
SEC 1745 (2/92) Page 4 of 6 pages
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CUSIP No. 594194-20-1 13G Page 4 of 6 Pages
(c) Number of shares as to which such person has:
(i) Perkins Capital Management, Inc. has the sole power to vote
387,000 common shares, including the 300,000 common shares
owned by The Perkins Opportunity Fund.
(ii) There are zero shares with shared power to vote.
(iii) Perkins Capital Management, Inc. has the sole power to dispose
of 1,092,400 common shares (includes 600,000 common equivalent
shares owned by The Perkins Opportunity Fund).
(iv) shared power to dispose or to direct the disposition of
0
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.
None
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
None.
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 purposes or
effect.
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.
February 4, 1997
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By Bradley A. Erickson
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Signature
Bradley A. Erickson, Vice President
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Name/Title
SEC 1745 (2/92) Page 5 of 6 pages
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CUSIP No. 594194-20-1 13G Page 6 of 6 Pages
JOINT FILING AGREEMENT PURSUANT TO RULE 13D-1(f)(1)
This agreement is made pursuant to Rule 13d-1(f)(1) under the Securities
Exchange Act of 1934 (the "ACT") by and among the parties listed below, each
referred to herein as a "Joint filer." The Joint Filers agree that a statement
of beneficial ownership as required by Section 13(d) of the Act and the Rules
thereunder may be filed on each of their behalf on Schedule 13D or Schedule 13G
as appropriate and that said joint filing may thereafter be amended by further
joint filings. The Joint Filers state that to the best of their knowledge and
belief they each satisfy the requirements for making a joint filing under rule
13d-1.
February 4, 1997
/s/ Bradley A. Erickson /s/ Steven J. Paggioli
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Perkins Capital Management, Inc. Perkins Opportunity Fund Series A
Bradley A. Erickson Professionally Managed Portfolio
Steven J. Paggioli
SEC 1745 (2/92) Page 6 of 6 pages
