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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------------
SCHEDULE 13D
Amendment Number 1
Under the Securities Exchange Act of 1934
Steve Madden, Inc.
(Name of Issuer)
Common Stock, Par Value $.0001
(Title of Class of Securities)
556269108
(CUSIP Number)
Arthur Goetchius
300 Park Avenue, 21st Fl.,
New York, NY 10022 (212) 755-9000
(Name, address and telephone number of person
authorized to receive notices and communications)
February 4, 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 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 the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall
not be deemed to be "filed" for purposes 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 19 page
13D
CUSIP No. 556269108
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
EGS Associates, L.P.
- ------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------
(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
Delaware
- ------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 173,500
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
173,500
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
173,500
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
2.07%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
PN
- ------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 19 pages
13D
CUSIP No. 556269108
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
EGS Partners, L.L.C.
- ------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
00
- ------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 256,300
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER 258,500
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 258,500
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11) 3.08%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON ** IA
- ------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 19 pages
13D
CUSIP No. 556269108
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Bev Partners, L.P.
- ------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------
(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
Delaware
- ------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 64,500
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
64,500
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
64,500
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.77%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
PN
- ------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 19 pages
13D
CUSIP No. 556269108
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Jonas Partners, L.P.
- ------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------
(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
Delaware
- ------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 52,500
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
52,500
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
52,500
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.63%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
PN
- ------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 19 pages
13D
CUSIP No. 556269108
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
William Ehrman
- ------------------------------------------------------------------------
(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 ITEMS 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 546,800
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
549,000
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
549,000
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
6.55%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 19 pages
13D
CUSIP No. 556269108
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Frederic Greenberg
- ------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF OO
- ------------------------------------------------------------------------
(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 (8) SHARED VOTING POWER
OWNED BY 546,800
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
549,000
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
549,000
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
6.55%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 19 pages
13D
CUSIP No. 556269108
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Frederick Ketcher
- ------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF OO
- ------------------------------------------------------------------------
(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 (8) SHARED VOTING POWER
OWNED BY 546,800
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
549,000
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
549,000
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
6.55%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 19 pages
13D
CUSIP No. 556269108
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Jonas Gerstl
- ------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF OO PF
- ------------------------------------------------------------------------
(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 10,800
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 558,300
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
577,500
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
577,500
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
6.89%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 19 pages
13D
CUSIP No. 556269108
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
James McLaren
- ------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF OO
- ------------------------------------------------------------------------
(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 (8) SHARED VOTING POWER
OWNED BY 546,800
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
549,000
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
549,000
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
6.55%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 19 pages
13D
CUSIP No. 556269108
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
William D. Lautman
- ------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF OO
- ------------------------------------------------------------------------
(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 (8) SHARED VOTING POWER
OWNED BY 546,800
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
549,000
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
549,000
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
6.55%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 19 pages
The initial Schedule 13D (the "Schedule 13D") of (i) EGS Associates,
L.P., a Delaware limited partnership ("EGS Associates"), (ii) EGS Partners,
L.L.C., a Delaware limited liability company ("EGS Partners"), (iii) Bev
Partners, L.P., a Delaware limited partnership ("Bev Partners"), (iv) Jonas
Partners, L.P., a Delaware limited partnership ("Jonas Partners"), (v) William
Ehrman, (vi) Frederic Greenberg, (vii) Frederick Ketcher, (viii) Jonas Gerstl
and (ix) James McLaren, and (x) William D. Lautman relating to the common
stock, $.0001 par value (the "Common Stock") issued by Steve Madden, Ltd., a
New York corporation (the "Company"), is hereby amended by this Amendment No.
1 as follows:
Item 3 is hereby amended and restated in its entirety as follows:
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The net investment cost (including commissions, if any) of the
shares of Common Stock beneficially owned by EGS Associates, EGS Partners, Bev
Partners, and Jonas Partners is approximately $999,675, $1,460,604, $354,984,
and $280,026, respectively.
The net investment cost (excluding commissions, if any) of the
shares of Common Stock owned directly by Mr. Gerstl and his immediate family
is approximately $119,344.
Messrs. Ehrman, Ketcher, Greenberg, McLaren and Lautman currently
own no shares of Common Stock.
The shares of Common Stock purchased by each of EGS Associates, Bev
Partners, and Jonas Partners were purchased with the investment capital of the
respective entities. The shares of Common Stock purchased by EGS Partners
were purchased with the investment capital of discretionary accounts under its
management. The shares of Common Stock purchased by Mr. Gerstl and his
immediate family were purchased with personal funds.
The shares of Common Stock beneficially owned by EGS Associates, EGS
Partners, Bev Partners, and Jonas Partners are held in their respective
commingled margin accounts, or in the case of EGS Partners, in margin and non-
margin accounts held by each discretionary account under its management. Such
margin accounts are maintained at NationsBanc Montgomery, and may from time to
time have debit balances. Since other securities are held in such margin
accounts, it is not possible to determine the amounts, if any, of margin used
with respect to the shares of Common Stock purchased. Non-margin accounts are
maintained at Bankers Trust Company. The shares owned by Mr. Gerstl and his
immediate family are held in accounts maintained at BT Alex Brown Inc.
Currently, the interest rate charged on such various margin accounts is
approximately 8.25% per annum.
Items 5 (v) and (viii) of the initial Schedule 13D is hereby
corrected as follows:
Page 12 of 19 pages
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(v) Mr. Gerstl owns beneficially through ownership by
himself and members of his immediate family, 28,500 shares of Common Stock,
constituting less than 1% of the shares outstanding.
(viii) In the aggregate, the Reporting Persons
beneficially own a total of 470,500 shares of Common Stock, constituting 5.61%
of the shares outstanding.
Item 5 is hereby amended and restated in its entirety as follows:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The approximate aggregate percentage of shares of Common
Stock reported beneficially owned by each person herein is based on 8,381,573
shares outstanding, which is the total number of shares of Common Stock
outstanding as of November 11, 1997, as reflected in the company's quarterly
report on Form 10-Q filed with the Securities and Exchange Commission (the
"Commission") for the fiscal quarter ended September 30, 1997 (which is the
most recent Form 10-Q on file).
As of the close of business on February 2, 1998:
(i) EGS Associates owns beneficially 173,500 shares of
Common Stock, constituting approximately 2.07% of the shares outstanding.
(ii) EGS Partners owns directly no shares of Common Stock.
By reason of the provisions of Rule 13D-3 of the Securities Exchange Act of
1934, as amended (the "Act"), EGS Partners may be deemed to own beneficially
258,500 shares, constituting approximately 3.08% of the shares outstanding,
purchased for discretionary accounts managed by it.
(iii) Bev Partners owns beneficially 64,500 shares of Common
Stock, constituting less than 1% of the shares outstanding.
(iv) Jonas Partners owns 52,500 shares of Common Stock,
constituting less than 1% of the shares outstanding.
(v) Mr. Gerstl owns beneficially through ownership by
himself and members of his immediate family, $28,500 shares of Common Stock,
constituting less than 1% of the shares outstanding.
(vi) Messrs. Ehrman, Ketcher, Greenberg, McLaren and Lautman
own directly no shares of Common Stock.
(vii) By reason of the provisions of Rule 13D-3 of the Act,
each of the General Partners may be deemed to own the 173,500 shares
beneficially owned by EGS Associates, the 258,500 shares beneficially owned by
EGS Partners, the 64,500 shares beneficially owned by Bev Partners, and the
52,500 shares beneficially owned by Jonas Partners. When the shares
beneficially owned by EGS Associates, EGS Partners, Bev Partners, and Jonas
Page 13 of 19 pages
Partners are aggregated, they total 549,000 shares of Common Stock,
constituting approximately 6.55% of the shares outstanding.
(viii) In the aggregate, the Reporting Persons beneficially
own a total of 577,500 shares of Common Stock, constituting approximately
6.89% of the shares outstanding.
(b) (i) Each of EGS Associates, EGS Partners, Bev Partners, and
Jonas Partners has the power to vote on all of the shares of Common Stock,
except for 2,200 shares held by one of the discretionary accounts, and to
dispose of all of the shares of Common Stock beneficially owned by it, which
power may be exercised by the General Partners. Each of the discretionary
accounts is a party to an investment management agreement with EGS Partners
pursuant to which EGS Partners has investment authority with respect to
securities held in such account.
(ii) Mr. Gerstl has no power to vote and shared power to
dispose of shares owned by his wife in trust for their children and Mr. Gerstl
has the shared power to vote and dispose of the shares owned directly by him
and his wife in joint accounts.
(c) The trading dates, number of shares of Common Stock purchased
or sold and price per share for all transactions in the Common Stock from the
60th day prior to February 4, 1997 until February 5, 1998 by EGS Associates,
EGS Partners and Bev Partners are set forth in Schedules A, B, C, and D,
respectively, and were all effected in the over-the-counter market and in
private placements. During such period, Messrs. Ehrman, Ketcher, Greenberg,
Gerstl, McLaren and Lautman, did not enter into any transactions in the Common
Stock.
(d) No person other than each respective record owner of shares of
Common Stock referred to herein is known to have the right to receive or the
power to direct the receipt of dividends from or the proceeds of sale or such
shares of Common Stock.
Page 14 of 19 pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and
belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
DATED:
- ----------------------------
William Ehrman, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P., and as a member of
EGS PARTNERS, L.L.C.
- ----------------------------
Frederic Greenberg, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P. and as a member of
EGS PARTNERS, L.L.C.
- ----------------------------
Frederick Ketcher, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P. and as a member of
EGS PARTNERS, L.L.C.
- ----------------------------
Jonas Gerstl, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.
JONAS PARTNERS, L.P. and as a member
of EGS PARTNERS, L.L.C.
- ----------------------------
James McLaren, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P. and as a member of
EGS PARTNERS, L.L.C.
- ----------------------------
William D. Lautman, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P. and as a member of
EGS PARTNERS, L.L.C.
Page 15 of 19 pages
Schedule A
EGS Associates, L.P.
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
- ------------------------------------------------------------------------
12/23/97 3,000 $6.88
1/15/98 9,500 $6.56
1/20/98 4,000 $7.16
2/4/98 70,000 $7.00
Page 16 of 19 pages
Schedule B
EGS Partners, L.P.
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
- -----------------------------------------------------------------------
12/26/97 4,000 $7.00
12/30/97 6,500 $7.55
12/31/97 11,000 $7.58
1/6/98 3,000 $7.00
1/13/98 4,000 $6.63
1/15/98 3,000 $6.56
1/20/98 16,5000 $7.16
1/27/98 7,000 $7.71
Page 17 of 19 pages
Schedule C
Bev Partners, L.P.
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
- ------------------------------------------------------------------------
1/15/98 2,500 $6.56
1/20/98 2,000 $7.16
2/4/98 15,000 $7.00
Page 18 of 19 pages
Schedule D
Jonas Partners, L.P.
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
- ------------------------------------------------------------------------
1/13/98 1,000 $6.63
1/20/98 2,000 $7.16
2/4/98 15,000 $7.00
Page 19 of 19 pages