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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13D-1(B), (C) AND (D) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13D-2(B)
Maxwell Shoe Company Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
577766108
(CUSIP Number)
September 13, 1999
(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)
|_| Rule 13d-1 (d)
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CUSIP NO. 577766108 PAGE 1 OF 2 PAGES
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1.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
SAB Capital Partners, L.P.
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2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3.
SEC USE ONLY
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4.
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF SHARES 5.
BENEFICIALLY OWNED BY SOLE VOTING POWER 559,600 shares
EACH REPORTING PERSON
WITH See Note 1.
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6.
SHARED VOTING POWER
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7.
SOLE DISPOSITIVE POWER 559,600 shares
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8.
SHARED DISPOSITIVE POWER
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9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
559,600 shares
See Note 1.
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10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |_|
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11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.36%
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12.
TYPE OF REPORTING PERSON*
PN
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CUSIP NO. 577766108 PAGE 2 OF 2 PAGES
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1.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
SAB Capital Advisors, L.L.C.
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2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)|X|
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3.
SEC USE ONLY
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4.
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER 559,600 shares
NUMBER OF SHARES
BENEFICIALLY OWNED BY See Note 1.
EACH REPORTING PERSON
WITH
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6. SHARED VOTING POWER
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7. SOLE DISPOSITIVE POWER 559,600 shares
See Note 1.
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8. SHARED DISPOSITIVE POWER
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9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
559,600 shares
See Note 1.
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10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |_|
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11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.36%
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12.
TYPE OF REPORTING PERSON*
OO
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NOTES TO 13G
Note 1. The securities were acquired by SAB Capital Partners, L.P. ("Capital").
SAB Capital Advisors, L.L.C. ("Advisors") is the general partner of
Capital. Each of Capital and Advisors has sole power to vote, direct the
voting of, dispose of and direct the disposition of such securities.
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ITEM 1(A). NAME OF ISSUER:
Maxwell Shoe Company Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
101 Sprague Street
P.O. Box 37
Hyde Park (Boston), MA 02137-0037
ITEM 2(A). NAME OF PERSON FILING:
See respective cover pages.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
SAB Capital Partners, L.P.
650 Madison Avenue, 26th Floor
New York, NY 10022
SAB Capital Advisors, L.L.C.
650 Madison Avenue, 26th Floor
New York, NY 10022
ITEM 2(C). CITIZENSHIP:
Not Applicable.
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Class A Common Stock
ITEM 2(E). CUSIP NUMBER:
577766108
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR
(C), CHECK WHETHER THE PERSON FILING IS:
<TABLE>
<CAPTION>
<S> <C>
(a) A broker or dealer registered under Section 15 of the Exchange Act.
(b) A bank as defined in Section 3(a)(6) of the Exchange Act.
(c) An insurance company as defined in Section 3(a)(19) of the Exchange Act.
</TABLE>
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<TABLE>
<S> <C>
(d) An investment company registered under Section 8 of the Investment Company Act.
(e) An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
(f) An employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F).
(g) A parent holding company or control person, in accordance with
Rule 13d-1(b)(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.
(j) A group, in accordance with Rule 13d-1(b)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. |X|
</TABLE>
ITEM 4. OWNERSHIP.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
<TABLE>
<CAPTION>
<S> <C>
(a) Amount beneficially owned:
See respective cover pages.
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(b) Percent of class:
See respective cover pages.
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote See respective cover pages ,
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(ii) Shared power to vote or to direct the vote See respective cover pages ,
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(iii) Sole power to dispose or to direct the disposition of See respective cover pages,
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(iv) Shared power to dispose or to direct the disposition of See respective cover pages.
----------------------------------
</TABLE>
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.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable
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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.
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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.
September 22, 1999
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(Date)
SAB CAPITAL PARTNERS, L.P.
by: SAB Capital Advisors, L.L.C.,
its general partner
By: /s/ Scott Bommer
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Name: Scott Bommer
Title: Managing Member
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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.
September 22, 1999
-------------------------
(Date)
SAB CAPITAL ADVISORS, L.L.C.
By: /s/ Scott Bommer
-------------------------
Name: Scott Bommer
Title: Managing Member
