================================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Amendment No.2)
Corrpro Companies, Inc.
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(Name of issuer)
COMMON STOCK, no par value
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(Title of class of securities)
220317101
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(CUSIP number)
December 31, 2002
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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:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
(Continued on the following 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 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).
================================================================================
------------------------------ SCHEDULE 13G ------------------------------
CUSIP No. 220317101 Page 2 of 13 Pages
------------------------------ ------------------------------
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Prism 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
State of Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 common stock
OWNED BY EACH --------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH None
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 common stock
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
None
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 common stock
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0% common stock
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12 TYPE OF REPORTING PERSON *
PN
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------------ SCHEDULE 13G ------------------------------
CUSIP No. 220317101 Page 3 of 13 Pages
------------------------------ ------------------------------
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Delta Advisors LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY EACH --------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 0 common stock
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 common stock
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 common stock
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0% common stock
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
CO
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------------ SCHEDULE 13G ------------------------------
CUSIP No. 220317101 Page 4 of 13 Pages
------------------------------ ------------------------------
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Delta Partners LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY EACH --------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 492,168 common stock
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
492,168 common stock
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
492,168 common stock
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.9% common stock
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
CO,IA
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------------ SCHEDULE 13G ------------------------------
CUSIP No. 220317101 Page 5 of 13 Pages
------------------------------ ------------------------------
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Prism Offshore Fund Limited
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY EACH --------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 492,168 common stock
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
492,168 common stock
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
492,168 common stock
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.9% common stock
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
CO
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------------ SCHEDULE 13G ------------------------------
CUSIP No. 220317101 Page 6 of 13 Pages
------------------------------ ------------------------------
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Charles Jobson
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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
Massachusetts
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY EACH --------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 492,168 common stock
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
492,168 common stock
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
492,168 common stock
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.9% common stock
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------------ SCHEDULE 13G ------------------------------
CUSIP No. 220317101 Page 7 of 13 Pages
------------------------------ ------------------------------
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Christopher Argyrople
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY EACH --------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 492,168 common stock
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
492,168 common stock
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
492,168 common stock
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.9% common stock
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
STATEMENT ON SCHEDULE 13G
ITEM 1(a). NAME OF ISSUER:
Corrpro Companies, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1090 Enterprise Drive
Medina, OH 44256
ITEM 2(a). NAMES OF PERSON FILING:
Prism Partners, L.P., a Delaware Limited Partnership
Delta Advisors LLC, a Delaware Limited Liability Company
Delta Partners LLC, a Delaware Limited Liability Company
Prism Offshore Fund Ltd., a Cayman Islands Corporation (Mutual Fund)
Charles Jobson, United States Citizen
Christopher Argyrople, United States Citizen
ITEM 2(b). BUSINESS MAILING ADDRESS FOR EACH PERSON FILING:
Each of the reporting persons & entities has a business address of:
One Financial Center, Suite 1600
Boston, MA 02111
ITEM 2(c). CITIZENSHIP:
Shown in item 2(a) above
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, no par value
ITEM 2(E). CUSIP NUMBER:
220317101
ITEM3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B), CHECK
WHETHER THE PERSON FILING IS A:
Not Applicable
If this statement is filed pursuant to Rule 240,13d-1(c), check this box [x].
Page 8 of 13
ITEM 4. OWNERSHIP:
PRISM PARTNERS LP
(a) Amount Beneficially Owned: 0 common stock
-------------------------------------------
(b) Percent of Class: 0.0% common stock
----------------------------------------------------
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0 common stock
-----------------------
(ii) shared power to vote or to direct the vote: None
---------------------
(iii)sole power to dispose or to direct the disposition of: 0
common stock
------------
(iv) shared power to dispose or to direct the disposition of: None
---------
DELTA ADVISORS LLC
(a) Amount Beneficially Owned: 0 common stock
-------------------------------------------
(b) Percent of Class: 0.0% common stock
----------------------------------------------------
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: None
-----------------------
(ii) shared power to vote or to direct the vote: 0 common stock
---------------------
(iii)sole power to dispose or to direct the disposition of: None
-----------
(iv) shared power to dispose or to direct the disposition of: 0
common stock
-------------
DELTA PARTNERS LLC *
(a) Amount Beneficially Owned: 492,168 common stock
-------------------------------------------
(b) Percent of Class: 5.9% common stock
----------------------------------------------------
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: None
-----------------------
(ii) shared power to vote or to direct the vote: 492,168 common stock
---------------------
(iii)sole power to dispose or to direct the disposition of: None
------------
(iv) shared power to dispose or to direct the disposition of: 492,168
common stock
---------
Page 9 of 13
PRISM OFFSHORE FUND LTD.
(a) Amount Beneficially Owned: 492,168 common stock
-------------------------------------------
(b) Percent of Class: 5.9% common stock
----------------------------------------------------
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: None
-----------------------
(ii) shared power to vote or to direct the vote: 492,168 common stock
---------------------
(iii)sole power to dispose or to direct the disposition of: None
------------
(iv) shared power to dispose or to direct the disposition of: 492,168
---------
CHARLES JOBSON *
(a) Amount Beneficially Owned: 492,168 common stock
-------------------------------------------
(b) Percent of Class: 5.9% common stock
----------------------------------------------------
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: None
-----------------------
(ii) shared power to vote or to direct the vote: 492,168 common stock
---------------------
(iii)sole power to dispose or to direct the disposition of: None
------------
(iv) shared power to dispose or to direct the disposition of: 492,168
common stock
---------
CHRISTOPHER ARGYROPLE *
(a) Amount Beneficially Owned: 492,168 common stock
-------------------------------------------
(b) Percent of Class: 5.9% common stock
----------------------------------------------------
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: None
-----------------------
(ii) shared power to vote or to direct the vote: 492,168 common stock
---------------------
(iii)sole power to dispose or to direct the disposition of:
------------
(iv) shared power to dispose or to direct the disposition of: 492,168
common stock
---------
* Shares reported for Delta Partners, LLC, Charles Jobson & Christopher
Argyrople include shares beneficially owned by Prism Partners L.P.
and Prism Offshore Fund Limited.
Item 5. Ownership of Five Percent or Less of a Class:
This 13G, Amendment No. 2, is being filed to report, among other things
that Prism Partners, LP and Delta Advisors, LLC are no longer holders of
greater than five percent of any class of securities of the issuer and
therefore are no longer obligated to file additional amendments with regard to
those shares of the Issuer for which they may be deemed to be beneficial
owners.
Page 10 of 13
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
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.
Page 11 of 13
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.
Dated: January 27, 2003
PRISM PARTNERS, L.P.
By: DELTA ADVISORS LLC
its general partner
By: DELTA PARTNERS LLC
its general partner
/s/ Chris Argyrople
---------------------------------
Chris Argyrople, Managing Member
DELTA ADVISORS LLC
By: DELTA PARTNERS LLC,
its general partner
By: /s/ Chris Argyrople
---------------------------------
Chris Argyrople, Managing Member
DELTA PARTNERS LLC
By: /s/ Chris Argyrople
---------------------------------
Chris Argyrople, Managing Member
PRISM OFFSHORE FUND LTD.
By: DELTA PARTNERS LLC
its investment manager
/s/ Chris Argyrople
---------------------------------
Chris Argyrople, Managing Member
CHARLES JOBSON
By: Charles Jobson
---------------------------------
CHRISTOPHER ARGYROPLE
By: Christopher Argyrople
---------------------------------
Page 12 of 13
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the undersigned agree to the joint filing on behalf of each of
them of a statement on Schedule 13G (including amendments thereto) with respect
to the Common Stock of Corrpro Companies, Inc. and further agree that this
agreement be included as an exhibit to such filing. Each party to the agreement
expressly authorizes each other party to file on its behalf any and all
amendments to such statement. Each party to this agreement agrees that this
joint filing agreement may be signed in counterparts.
In evidence whereof, the undersigned have caused this Agreement to be
executed on their behalf this 27th day of January, 2003.
PRISM PARTNERS, L.P.
By: DELTA ADVISORS LLC
its general partner
By: DELTA PARTNERS LLC
its general partner
/s/ Chris Argyrople
---------------------------------
Chris Argyrople, Managing Member
DELTA ADVISORS LLC
By: DELTA PARTNERS LLC,
its general partner
By: /s/ Chris Argyrople
---------------------------------
Chris Argyrople, Managing Member
DELTA PARTNERS LLC
By: /s/ Chris Argyrople
---------------------------------
Chris Argyrople, Managing Member
PRISM OFFSHORE FUND LTD.
By: DELTA PARTNERS LLC
its investment manager
/s/ Chris Argyrople
---------------------------------
Chris Argyrople, Managing Member
CHARLES JOBSON
By: Charles Jobson
---------------------------------
CHRISTOPHER ARGYROPLE
By: Christopher Argyrople
---------------------------------
Page 13 of 13