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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
MERIX CORPORATION
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(Name of Issuer)
Common Stock, No Par Value
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(Title of Class of Securities)
590049-10-2
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(CUSIP Number)
May 20, 1998
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(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed: [ X ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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
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).
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SCHEDULE 13G
CUSIP NO. 590049-10-2 PAGE 2 OF 10 PAGES
--------------------------------- --- ---
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person Metropolitan Capital
Advisors, Inc.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization New York
- --------------------------------------------------------------------------------
Number of 5 Sole Voting Power 0
Shares -----------------------------------------------------------
Beneficially 6 Shared Voting Power 256,400
Owned by -----------------------------------------------------------
Each 7 Sole Dispositive Power 0
-----------------------------------------------------------
Reporting
8 Shared Dispositive Power 256,400
Person With
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person 256,400
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9) 4.13%
- --------------------------------------------------------------------------------
12 Type of Reporting Person* CO
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SCHEDULE 13G
CUSIP NO. 590049-10-2 PAGE 3 OF 10 PAGES
--------------------------------- --- ---
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person K J Advisors, Inc.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization New York
- --------------------------------------------------------------------------------
Number of 5 Sole Voting Power 0
Shares -----------------------------------------------------------
Beneficially 6 Shared Voting Power 17,600
Owned by -----------------------------------------------------------
Each 7 Sole Dispositive Power 0
-----------------------------------------------------------
Reporting
8 Shared Dispositive Power 17,600
Person With
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person 17,600
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9) 0.28%
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12 Type of Reporting Person* CO
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SCHEDULE 13G
CUSIP NO. 590049-10-2 PAGE 4 OF 10 PAGES
--------------------------------- --- ---
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person Metropolitan Capital
III, Inc.
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2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization New York
- --------------------------------------------------------------------------------
Number of 5 Sole Voting Power 0
Shares -----------------------------------------------------------
Beneficially 6 Shared Voting Power 167,700
Owned by -----------------------------------------------------------
Each 7 Sole Dispositive Power 0
-----------------------------------------------------------
Reporting
8 Shared Dispositive Power 167,700
Person With
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person 167,700
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9) 2.70%
- --------------------------------------------------------------------------------
12 Type of Reporting Person* CO
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SCHEDULE 13G
CUSIP NO. 590049-10-2 PAGE 5 OF 10 PAGES
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person Jeffrey E. Schwarz
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization U.S.A
- --------------------------------------------------------------------------------
Number of 5 Sole Voting Power 0
Shares -----------------------------------------------------------
Beneficially 6 Shared Voting Power 441,700
Owned by -----------------------------------------------------------
Each 7 Sole Dispositive Power 0
-----------------------------------------------------------
Reporting
8 Shared Dispositive Power 441,700
Person With
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person 441,700
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9) 7.11%
- --------------------------------------------------------------------------------
12 Type of Reporting Person* IN
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SCHEDULE 13G
CUSIP NO. 590049-10-2 PAGE 6 OF 10 PAGES
--------------------------------- --- ---
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person Karen Finerman
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization U.S.A
- --------------------------------------------------------------------------------
Number of 5 Sole Voting Power 0
Shares -----------------------------------------------------------
Beneficially 6 Shared Voting Power 441,700
Owned by -----------------------------------------------------------
Each 7 Sole Dispositive Power 0
-----------------------------------------------------------
Reporting
8 Shared Dispositive Power 441,700
Person With
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person 441,700
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9) 7.11%
- --------------------------------------------------------------------------------
12 Type of Reporting Person* IN
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PAGE 7 OF 10 PAGES
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THIS SCHEDULE 13G AMENDS AND REPLACES THAT CERTAIN SCHEDULE 13D ORIGINALLY FILED
ON BEHALF OF THE FILING PERSONS NAMED HEREIN ON AUGUST 13, 1997.
ITEM 1.
(a) Name of Issuer: Merix Corporation.
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(b) Address of Issuer's Principal Executive Offices: 1521 Poplar Lane,
----------------------
P.O. Box 3000, Forest Grove, OR 97116
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ITEM 2.
(a) Name of Persons Filing:
(b) Address of Principal Business Office or, if none, Residence:
(c) Citizenship:
(i) Metropolitan Capital Advisors, Inc., a New York corporation,
("Metropolitan Capital").
(ii) KJ Advisors, Inc., a New York corporation ("KJ Advisors").
(iii) Metropolitan Capital III, Inc., a Delaware corporation.
(iv) Jeffrey E. Schwarz, a United States citizen.
(v) Karen Finerman, a United States citizen.
(b), (c) and (f) Each of the Reporting persons has a business address
of 660 Madison Avenue, New York, New York 10021.
(d) Title of Class of Securities: common stock, no par value
-----------------------------------------
(e) CUSIP Number: 590049-10-2
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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 of 1940
(e) [ ] Investment Adviser registered under section 203 of the Investment
Advisers Act
(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 ss.240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with ss.240.13d-1(b)(ii)(G)
(Note: See Item 7)
(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 of 1940
(j) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J)
If this statement is filed pursuant to ss.240.13d-1(c), check this box [ X ].
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PAGE 8 OF 10 PAGES
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ITEM 4. OWNERSHIP
Provide the following information as of that date and identify those shares
which there is a right to acquire.
METROPOLITAN CAPITAL ADVISORS, INC.
(a) Amount Beneficially Owned: 256,400
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(b) Percent of Class: 4.13%
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
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(ii) shared power to vote or to direct the vote: 256,400
----------------------
(iii) sole power to dispose or to direct the disposition of: 0
-----------
(iv) shared power to dispose or to direct the disposition of: 256,400
---------
KJ ADVISORS, INC.
(a) Amount Beneficially Owned: 17,600
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(b) Percent of Class: 0.28%
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
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(ii) shared power to vote or to direct the vote: 17,600
----------------------
(iii) sole power to dispose or to direct the disposition of: 0
-----------
(iv) shared power to dispose or to direct the disposition of: 17,600
---------
METROPOLITAN CAPITAL III, INC.
(a) Amount Beneficially Owned: 167,700
---------------------------------------------
(b) Percent of Class: 2.70%
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
------------------------
(ii) shared power to vote or to direct the vote: 167,700
----------------------
(iii) sole power to dispose or to direct the disposition of: 0
-----------
(iv) shared power to dispose or to direct the disposition of: 167,700
---------
JEFFREY E. SCHWARZ
(a) Amount Beneficially Owned: 441,700
---------------------------------------------
(b) Percent of Class: 7.11%
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
------------------------
(ii) shared power to vote or to direct the vote: 441,700
----------------------
(iii) sole power to dispose or to direct the disposition of: 0
-----------
(iv) shared power to dispose or to direct the disposition of: 441,700
---------
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PAGE 9 OF 10 PAGES
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KAREN FINERMAN
(a) Amount Beneficially Owned: 441,700
---------------------------------------------
(b) Percent of Class: 7.11%
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
------------------------
(ii) shared power to vote or to direct the vote: 441,700
----------------------
(iii) sole power to dispose or to direct the disposition of: 0
-----------
(iv) shared power to dispose or to direct the disposition of: 441,700
---------
Instruction: For computations regarding securities which represent a right to
acquire an underlying security see Rule 13d-3(d)(1).
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 [ ].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
(i) Metropolitan Capital is the owner of shares of Common Stock of the
Issuer solely by reason of its position as General Partner of
Metropolitan Capital Advisors, L.P., which, in turn, by reason of its
position as General Partner of Bedford Falls Investors, L.P. has
discretionary voting and dispositive power over assets of Bedford Fall
Investors, L.P. and thereby may be deemed to have shared voting and
dispositive power over the 256,400 shares representing 4.13% of Common
Stock of the Issuer beneficially owned by Bedford Falls Investors,
L.P.
(ii) KJ Advisors, Inc. is the owner of shares of Common Stock of the Issuer
solely by reason of its position as General Partner of Metropolitan
Capital Partners II, L.P. which has discretionary voting and
dispositive power over assets held in a managed account. Thus, by
virtue of being the General Partner of Metropolitan Capital Partners
II, L.P., KJ Advisors, Inc. may be deemed to have shared voting and
dispositive power over the 17,600 shares representing 0.28% of Common
Stock of the Issuer held for the managed account.
(iii) Metropolitan Capital III, Inc. has purchased no shares of Common
Stock of the Issuer solely for its own account. However, by reason of
its position as General Partner of Metropolitan Capital Partners III,
L.P. which has discretionary voting and dispositive power over the
assets of Metropolitan Capital Advisors International Limited,
Metropolitan Capital III, Inc. may be deemed to have shared voting and
dispositive power over the 167,700 shares representing 2.70% of the
Common Stock of the Issuer owned by Metropolitan Capital Advisors
International Limited.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not Applicable
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PAGE 10 OF 10 PAGES
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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 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 that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I hereby
certify that the information set forth in this statement is true, complete and
correct.
Dated this 20th day of May, 1998.
Jeffrey E. Schwarz
By: /s/ Jeffrey E. Schwarz
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Jeffrey E. Schwarz
Karen Finerman
By: /s/ Karen Finerman
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Karen Finerman
Metropolitan Capital Advisors, Inc.
By: /s/ Karen Finerman
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President
KJ Advisors, Inc.
By: /s/ Karen Finerman
------------------------------------
President
Metropolitan Capital III, Inc.
By: /s/ Karen Finerman
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President
