<PAGE>
OMB APPROVAL
OMB Number:3235-0145
Expires:December 31, 1997
Estimated average burden
hours per form 14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
CMC Industries, Inc.
(Name of Issuer)
Common Stock
- ---------------------------------------------------------------------------
(Title of Class of Securities)
125708107
(CUSIP Number)
Eric M. Sippel, Esq.
c/o SHARTSIS, FRIESE & GINSBURG, LLP
One Maritime Plaza, 18th Floor
San Francisco, California 94111
(415) 421-6500
- ---------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
May 15, 1996
(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 the statement / /. (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 five percent or less 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 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).
SEC 1746 (12-91)
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 125708107 Page 2 of 11 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Whitman Capital, Inc.
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /* /
(b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(E) / /
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 358,728
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
358,728
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
358,728
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8%
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO, IA
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 125708107 Page 3 of 11 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Douglas F. Whitman
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /* /
(b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(E) / /
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 358,728
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
358,728
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
358,728
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8%
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 125708107 Page 4 of 11 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Whitman Partners, L.P.
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /* /
(b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(E) / /
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 343,806
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
343,806
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
343,806
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.6%
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 125708107 Page 5 of 11 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Mahuma, N.V.
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /* /
(b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(E) / /
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles
- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 14,922
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
14,922
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,922
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 125708107 Page 6 of 11 Pages
ITEM 1. SECURITY AND ISSUER.
This statement relates to shares of common stock of CMC Industries, Inc.
("CMCI") and warrants to purchase such stock (the "Securities"). The
principal executive office of CMCI is located at 4950 Patrick Henry Drive,
Santa Clara, CA 95054.
ITEM 2. IDENTITY AND BACKGROUND.
The persons filing this statement and the persons enumerated in Instruction
C of Schedule 13D and, where applicable, their respective places of
organization, general partners, directors, executive officers and
controlling persons, and the information regarding them, are as follows:
(a) Whitman Capital, Inc. ("WCI"); Douglas F. Whitman ("Whitman"); Whitman
Partners, L.P. ("WPLP"); and Mahuma, N.V. ("Mahuma").
(b) The business address of WCI, Whitman and WPLP is One Sansome Street,
Eighteenth Floor, San Francisco, CA 94104. The business address of
Mahuma is Kaya W.F.G. (Jombi), Mensing 36, Curacao, Netherlands
Antilles.
(c) Whitman is the president and sole shareholder of WCI. Whitman and WCI
are the general partners of WPLP, which is an investment limited
partnership. Whitman and WCI also provide investment advice to, and
manage certain assets of, Mahuma, which is an investment corporation.
(d) During the last five years, none of such persons has been convicted in
a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, none of such persons was 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
judgment, 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) WCI is a corporation formed under the laws of the State of California.
Whitman is a citizen of the United States.
WPLP is a limited partnership formed under the laws of the State of
California.
Mahuma is a corporation formed under the laws of the Netherlands
Antilles.<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 125708107 Page 7 of 11 Pages
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The source and amount of funds used in purchasing the Securities were as
follows:
Purchaser Source of Funds Amount
WCI Funds Under Management (1) $1,486,814.67
WPLP Working Capital $1,424,965.50
Mahuma Working Capital $ 61,849.17
(1) Includes funds of WPLP and Mahuma invested in Securities.
ITEM 4. PURPOSE OF TRANSACTION.
The principal purpose of the acquisitions of securities is investment. The
persons named in Item 2 of this statement have no plans or proposals that
relate to or would result in:
(a) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving CMCI or any of its subsidiaries;
(b) A sale or transfer of a material amount of assets of CMCI or of any of
its subsidiaries;
(c) Any change in the present board of directors or management of CMCI,
including any plans or proposals to change the number or term of directors
or to fill any existing vacancies on the board;
(d) Any material change in the present capitalization or dividend policy
of CMCI;
(e) Any other material change in CMCI's business or corporate structure;
(f) Changes in CMCI's charter, bylaws or instruments corresponding thereto
or other actions which may impede the acquisition of control of CMCI by any
person;
(g) Causing a class of securities of CMCI to be delisted from a national
securities exchange or to cease to be authorized to be quoted in an inter-
dealer quotation system of a registered national securities association;
(h) A class of equity securities of CMCI becoming eligible for termination
of registration pursuant to Section 12(g)(4) of the Securities Exchange Act
of 1934, as amended; or
(i) Any action similar to any of those enumerated above.<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 125708107 Page 8 of 11 Pages
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The beneficial ownership of the Securities of the persons named in Item 2
of this statement is as follows at the date hereof:
Aggregate
Beneficially
Owned Voting Power Dispositive Power
Name Number Percent Sole Shared Sole Shared
WCI 358,728 5.8% -0- 358,728 -0- 358,728
Whitman 358,728 5.8% -0- 358,728 -0- 358,728
WPLP 343,806 5.6% -0- 343,806 -0- 343,806
Mahuma 14,922 0.2% -0- 14,922 -0- 14,922
The persons filing this statement effected the following transactions in
the Securities on the dates indicated, and such transactions are the only
transactions in the Securities since March 16, 1996, by the persons filing
this statement:
Purchase Number Number Price per Type
or of of Share/ of
Name Sale Date Shares Warrants Warrant Sale
WPLP P 5-15-96 247,788 -- 5.65 Private Placement by CMCI
WPLP P 5-15-96 -- 96,018 0.26 Private Placement by CMCI
Mahuma P 5-15-96 10,755 -- 5.65 Regulation S Transaction by CMCI
Mahuma P 5-15-96 -- 4,167 0.26 Regulation S Transaction by CMCI
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 125708107 Page 9 of 11 Pages
ITEM. 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
WCI and Whitman are the general partners of WPLP pursuant to a limited
partnership agreement. The limited partnership agreement provides to the
general partners the authority, among other things, to invest the funds of
WPLP in the Securities, to vote and dispose of those securities and to file
this statement on behalf of WPLP. Pursuant to the limited partnership
agreement, the general partners of WPLP are entitled to fees based on
assets under management and special profit allocations based on realized
and unrealized gains and losses, if certain conditions are met. WCI and
Whitman provide investment advice to, and manage certain assets of, Mahuma.
Pursuant to its investment management agreement with Mahuma (the "IMA"),
WCI is authorized, among other things, to invest Mahuma's funds and to vote
and dispose of securities purchased with such funds. The IMA may be
terminated by either party on notice as provided in the IMA and provides
for fees paid to WCI based on assets under management and realized and
unrealized gains and losses, if certain conditions are met. WCI, Whitman,
WPLP and Mahuma (collectively, the "Current Filers") previously filed a
Schedule 13D with Lion Investments Limited ("Lion") and Christopher J.
Schaepe ("Schaepe," and with Lion, the "Previous Filers") with regard to
the Securities because the Current Filers and the Previous Filers had
agreed to cooperate for the limited purpose of arranging the purchase of
the Securities by WPLP, Mahuma, Lion and Schaepe directly from CMCI (the
"Purchase"). Because the Purchase is now complete, the Current Filers no
longer cooperate with the Previous Filers for the purpose of acquiring,
holding, voting or disposing of the Securities.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
A. Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G
(previously filed).
SIGNATURES
After reasonable inquiry and to the best of my knowledge, I certify
that the information set forth in this statement is true, complete and
correct.
DATED: May 21, 1996
Whitman Capital, Inc.
By: /s/ Douglas F. Whitman
Douglas F. Whitman
President
/s/ Douglas F. Whitman
Douglas F. Whitman
(Signatures on next page)<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 125708107 Page 10 of 11 Pages
Whitman Partners, L.P.
By: Whitman Capital, Inc.
General Partner
By: /s/ Douglas F. Whitman
Douglas F. Whitman
President
By: /s/ Douglas F. Whitman
Douglas F. Whitman
General Partner
Mahuma, N.V.
By: Whitman Capital, Inc.
Its Attorney-in-Fact
By: /s/ Douglas F. Whitman
Douglas F. Whitman
President
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 125708107 Page 11 of 11 Pages
EXHIBIT A
AGREEMENT REGARDING JOINT FILING
OF STATEMENT ON SCHEDULE 13D OR 13G
The undersigned agree to file jointly with the Securities and Exchange
Commission (the "SEC") any and all statements on Schedule 13D or Schedule 13G
(and any amendments or supplements thereto) required under section 13(d) of
the Securities Exchange Act of 1934, as amended, in connection with purchases
by the undersigned of common stock of CMC Industries, Inc. and warrants to
purchase such stock. For that purpose, the undersigned hereby constitute and
appoint Whitman Capital, Inc., a California corporation, as their true and
lawful agent and attorney-in-fact, with full power and authority for and on
behalf of the undersigned to prepare or cause to be prepared, sign, file with
the SEC and furnish to any other person all certificates, instruments,
agreements and documents necessary to comply with section 13(d) and
section 16(a) of the Securities Exchange Act of 1934, as amended, in
connection with said purchases, and to do and perform every act necessary and
proper to be done incident to the exercise of the foregoing power, as fully
as the undersigned might or could do if personally present.
DATED: May 21, 1996
Whitman Capital, Inc.
By: /s/ Douglas F. Whitman
Douglas F. Whitman
President
/s/ Douglas F. Whitman
Douglas F. Whitman
Whitman Partners, L.P.
By: Whitman Capital, Inc.
General Partner
By: /s/ Douglas F. Whitman
Douglas F. Whitman
President
By: /s/ Douglas F. Whitman
Douglas F. Whitman
General Partner
Mahuma, N.V.
By: Whitman Capital, Inc.
Its Attorney-in-Fact
By: /s/ Douglas F. Whitman
Douglas F. Whitman
President
F:\DMS\4146\004\0165795.WP
