UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)1
Square Industries, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
852235100
- --------------------------------------------------------------------------------
(Cusip Number)
Daniel R. Tisch
Mentor Partners, L.P.
500 Park Avenue
New York, New York 10022
(212) 935-7640
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 20, 1997
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(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.
- ----------
1The remainder of this cover page shall be filled out for a reporting persons'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
<PAGE>
SCHEDULE 13D
CUSIP No. 852235100 Page 2 of 5 Pages
----------- --- ---
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mentor Partners, L.P. Employer I.D.# 06-126-0469
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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 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
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7 SOLE VOTING POWER
NUMBER OF
0
SHARES ------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY ------------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
0
REPORTING ------------------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON
0
WITH
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 5 Pages
<PAGE>
This Amendment No. 1 amends the Schedule 13D filed with the Securities and
Exchange Commission (the "Commission") on December 20, 1996 (the "Schedule 13D")
by Mentor Partners, L.P., a Delaware limited partnership (the "Partnership"),
relating to Common Stock, par value $0.01 per share (the "Shares"), of Square
Industries, Inc., a corporation (the "Company"). Capitalized terms used and not
defined herein shall have the meanings assigned to such terms in the schedule
13D.
Item 5. Interest in Securities of the Issuer.
- ---------------------------------------------
The information set forth in Item 5 of the Schedule 13D is hereby amended
and supplemented by adding the following information to the respective
paragraphs thereof:
(a) As of the close of business on January 20, 1997, the Partnership
owns beneficially an aggregate of 0 Shares of the Company (or 0% of the
Company's Common Stock outstanding as of the close of business on January 20,
1997) and the Partnership may be deemed to own beneficially an aggregate of an
additional 0 Shares of the Company (or 0% of the Company common stock
outstanding as of the close of business on January 20, 1997) owned by Offshore,
in each case based on the number of 1,200,856 Shares of Company Common Stock
then outstanding as set forth in the Company's most recent filing with the
Securities and Exchange Commission.
(c) Except as set forth in Exhibit A, which is hereby incorporated
herein by reference, no transactions in the Shares have been effected during the
past sixty days by the Partnership or, to its best knowledge, any of the Control
Persons or Offshore.
Page 3 of 5 Pages
<PAGE>
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.
January 21, 1997
------------------------------
(Date)
/s/ Daniel R. Tisch
------------------------------
(Signature)
Daniel R. Tisch
Authorized Signatory
MENTOR PARTNERS, L.P.
-------------------------------
(Name/Title)
Page 4 of 5 Pages
<PAGE>
EXHIBIT A
Acquisitions of Shares by the Partnership
and Offshore During the Past Sixty Days
---------------------------------------
Date of Number Aggregate Price Per
Entity Transaction of Shares Price Share
------ ----------- --------- ----- -----
Partnership December 9, 1996 30,000 859,383.00 28.646
December 10, 1996 32,000 910,646.40 28.458
December 11, 1996 5,000 142,337.50 28.468
December 20, 1996 4,000 114,620.00 28.655
January 20, 1996 (71,000) 2,023,500.00 28.500
(Sale)
----
Offshore December 9, 1996 5,000 143,230.50 28.646
January 20, 1997 (5,000) 142,500.00 28.500
(Sale)
----
================================================================================
All Shares were purchased in transactions on the NASDAQ National Market.
Page 5 of 5 Pages
