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DRINKER BIDDLE & REATH LLP
Philadelphia National Bank Building
1345 Chestnut Street
Philadelphia, Pa 19107-3496
Telephone: (215) 988-2700
Fax: (215) 988-2757
January 15, 1999
VIA EDGAR
- ---------
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, DC 20549
Re: Chesapeake Utilities Corporation -- Schedule 13D
------------------------------------------------
Dear Sir or Madam:
Enclosed for filing is an amendment to the Schedule 13D currently in effect
for Superior Group Inc., Cawsl Enterprises, Inc., SGI Holdings, Inc., SGI
Investor Partners and William G. Warden, III with respect to Chesapeake
Utilities Corporation. If you have any questions, do not hesitate to call me at
215-988-2759.
Very truly yours,
/s/ Robert C. Juelke
--------------------
Robert C. Juelke
Enclosure
cc: Chesapeake Utilities Corporation (w/enc.)
The New York Stock Exchange (w/enc.)
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)(1)
CHESAPEAKE UTILITIES CORPORATION
--------------------------------
(Name of issuer)
Common Stock, par value $0.4867 per share
-----------------------------------------
(Title of class of securities)
16503 10 8
----------
(CUSIP number)
Robert M. Jones, Jr., Drinker Biddle & Reath LLP, PNB Building, Suite 1100
1345 Chestnut Street, Philadelphia, PA 19107-3496 (215) 988-2700
----------------------------------------------------------------
(Name, address and telephone number of person
authorized to receive notices and communications)
October 15, 1998
-------------------------------------------------------
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box |__|.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 13 Pages)
- ----------
(1) 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).
- ------------------------------- -----------------------------
CUSIP No. 16503 10 8 13D Page 2 of 13 Pages
- ------------------------------- -----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Superior Group, Inc.
E.I. #23-2189013
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e)
| |
- -------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 -----------------------------------------------------------------------
Pennsylvania
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0 shares
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0 shares
EACH ---------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 0 shares
---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
| |
- -------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 0.0%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ------------------------------- -----------------------------
CUSIP No. 16503 10 8 13D Page 3 of 13 Pages
- ------------------------------- -----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Cawsl Enterprises, Inc.
E.I. #51-0280973
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e)
| |
- -------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0 shares
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0 shares
EACH ---------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 0 shares
---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
| |
- -------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 0.0%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ------------------------------- -----------------------------
CUSIP No. 16503 10 8 13D Page 4 of 13 Pages
- ------------------------------- -----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
SGI Holdings, Inc.
E.I. #51-0356596
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e)
| |
- -------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0 shares
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0 shares
EACH ---------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 0 shares
---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
| |
- -------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 0.0%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ------------------------------- -----------------------------
CUSIP No. 16503 10 8 13D Page 5 of 13 Pages
- ------------------------------- -----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
SGI Investor Partners
E.I. #23-2871446
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e)
| |
- -------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Pennsylvania
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0 shares
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0 shares
EACH ---------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 0 shares
---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
| |
- -------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 0.0%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ------------------------------- -----------------------------
CUSIP No. 16503 10 8 13D Page 6 of 13 Pages
- ------------------------------- -----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
William G. Warden, III
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, 00
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e)
| |
- -------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 United States of America
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 17,348 shares
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0 shares
EACH ---------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 17,348 shares
---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,348 shares
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
| |
- -------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 0.3%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
This statement amends and supplements the Schedule 13D dated December 24,
1986, as amended on October 10, 1990 and January 23, 1997, filed with the
Securities and Exchange Commission by Superior Group, Inc., a Pennsylvania
corporation ("Superior"), with respect to ownership of common stock ("Common
Stock") of Chesapeake Utilities Corporation (the "Issuer"), which stock is
beneficially owned by Superior through SGI Investor Partners, a Pennsylvania
general partnership which Superior controls through two wholly-owned
subsidiaries, Cawsl Enterprises, Inc., a Delaware corporation, and SGI Holdings,
Inc., a Delaware corporation, which are the general partners of SGI Investor
Partners. This amended Schedule 13D also reports the number of shares of Common
Stock beneficially owned by William G. Warden, III who, through his ownership
individually and as a co-trustee under two trusts of a majority of Superior's
outstanding common shares, may be deemed to control Superior.
Item 5. Interest in Securities of the Issuer.
(a) and (b)
As of the date on which this statement is executed, neither Superior, Cawsl
Enterprises, Inc., SGI Holdings, Inc. nor Superior Investor Partners owns any
shares of Common Stock.
As of the date on which this statement is executed, Mr. Warden owns 17,348
shares of Common Stock, constituting 0.3% of the Issuer's issued and outstanding
shares of Common Stock, based upon an aggregate of 5,076,939 shares of Common
Stock issued and outstanding (as stated in the Issuer's Quarterly Report on Form
10-Q for the quarter ended September 30, 1998). Mr. Warden has the sole power to
vote and dispose of such shares of Common Stock.
(c) During the period since the last amendment to this Schedule 13D and ending
on the date of this statement, SGI Investor Partners sold shares of Common Stock
in 38 transactions effected in the open market. Such transaction are
described in the following table:
- ---------------------------------------------------------------------------
Date Number of Shares Price per Share
- ---------------------------------------------------------------------------
10/13/98 500 17.75
10/14/98 1,500 17.75
10/15/98 16,200 17.3129
10/16/98 4,700 17.4654
10/19/98 1,400 17.5357
10/20/98 1,100 17.517
10/21/98 1,200 17.4375
10/22/98 1,400 17.4285
10/23/98 10,400 17.3155
10/26/98 3,700 17.4662
10/27/98 4,000 17.5594
10/28/98 2,300 17.50
10/29/98 7,100 17.4683
10/30/98 8,500 17.50
-7-
- ---------------------------------------------------------------------------
Date Number of Shares Price per Share
- ---------------------------------------------------------------------------
11/02/98 6,100 17.4775
11/03/98 1,000 17.50
11/04/98 3,500 17.50
11/05/98 1,400 17.50
11/06/98 11,000 17.2631
11/09/98 6,600 17.4953
11/11/98 2,600 17.2596
11/12/98 1,600 17.375
11/13/98 4,600 17.50
11/16/98 25,800 17.4987
11/17/98 3,800 17.426
11/18/98 11,500 17.262
11/19/98 500 17.25
11/20/98 1,700 17.3309
11/23/98 1,600 17.4219
11/24/98 1,400 17.4508
11/25/98 1,200 17.4688
11/27/98 400 17.50
11/30/98 5,900 17.4978
12/01/98 3,300 17.4716
12/02/98 6,300 17.4266
12/03/98 4,800 17.50
12/04/98 5,300 17.4693
12/07/98 38,351 17.447
During the period since the last amendment to this Schedule 13D and ending on
the date of this statement, Mr. Warden was awarded 400 shares of Common Stock on
May 20, 1997 and on May 19, 1998 pursuant to the Issuer's Director's Stock
Compensation Plan.
(d) Not applicable.
(e) Prior to October 13, 1998, the date on which SGI Investor Partners began
decreasing its holdings of Common Stock, Superior, Cawsl Enterprises, Inc., SGI
Holdings, Inc., SGI Investor Partners and Mr. Warden ceased to be beneficial
owners of more than five percent of the outstanding Common Stock as a result of
additional shares of Common Stock being issued by the Issuer.
-8-
SIGNATURES
----------
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.
Dated: January 15, 1999
SUPERIOR GROUP, INC.
By: /s/ William G. Warden, III
------------------------------
Name: William G. Warden, III
Title: Chairman of the Board
-9-
SIGNATURES
----------
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.
Dated: January 15, 1999
CAWSL ENTERPRISES, INC.
By: /s/ Thomas L. Sandor
------------------------
Name: Thomas L. Sandor
Title: President and Chief Executive Officer
-10-
SIGNATURES
----------
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.
Dated: January 15, 1999
SGI HOLDINGS, INC.
By: /s/ Thomas L. Sandor
-----------------------
Name: Thomas L. Sandor
Title: President and Chief Executive Officer
-11-
SIGNATURES
----------
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.
Dated: January 15, 1999
SGI INVESTOR PARTNERS
By: Cawsl Enterprises, Inc.,
its General Partner
By: /s/ Thomas L. Sandor
------------------------
Name: Thomas L. Sandor
Title: President and Chief Executive Officer
By: SGI Holdings, Inc.
its General Partner
By: /s/ Thomas L. Sandor
------------------------
Name: Thomas L. Sandor
Title: President and Chief Executive Officer
-12-
SIGNATURES
----------
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.
Dated: January 15, 1999
/s/ William G. Warden, III
--------------------------
William G. Warden, III
-13-