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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Pyramid Breweries, Inc.
-----------------------
(Name of Issuer)
Common Shares
-------------
(Title of Class of Securities)
747135101
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(CUSIP Number)
Robert G. Hutchins
Gordon, Thomas, Honeywell, Malanca,
Peterson & Daheim, P.L.L.C.
Suite 2200, Wells Fargo Plaza
1201 Pacific Avenue
Tacoma, Washington 98402
(253) 572-5050
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 2, 2001
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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-l(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-l(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
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 the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
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<TABLE>
<S> <C><C>
1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
Kurt B. Dammeier
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
b. X
3. SEC USE ONLY:
----------------------------------------------------------------------------------------------
4. SOURCE OF FUNDS:
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:
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY 7. SOLE VOTING POWER: 1,613,899
EACH REPORTING PERSON WITH: ---------------
8. SHARED VOTING POWER: -0-
---------------
9. SOLE DISPOSITIVE POWER: 1,613,899
---------------
10. SHARED DISPOSITIVE POWER: -0-
---------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
1,613,899
11. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
20.6%
14 TYPE OF REPORTING PERSON:
IN
</TABLE>
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ITEM I. SECURITY AND ISSUER
Voting common stock without par value (the "Common Shares"), of Pyramid
Breweries, Inc., a Washington corporation (the Issuer"). The address of the
principal executive offices of the Issuer is 91 South Royal Brougham Way,
Seattle, Washington 98134.
ITEM 2. IDENTITY AND BACKGROUND
The name, business address, occupation, relevant legal history and citizenship
of the person filing this statement are as follows:
(a) Kurt B. Dammeier ("Dammeier").
(b) 2415 Carillon Point Kirkland, WA, 98033.
(c) Chairman of the Board of Directors of the Issuer at the address shown in
Item 1. Legal owner and sole managing member of Sugar Mountain Capital,
LLC, ("SMC"), a private investment company, at the address shown in
paragraph (b) this Item.
(d) During the last five years, Dammeier has not been convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, Dammeier was not a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction as a result of which he was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or
finding any violation with respect to such laws.
(f) Dammeier is a citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The source and amount of funds used in purchasing the Common Shares were
as follows:
<TABLE>
<S> <C> <C>
PURCHASER SOURCE OF FUNDS AMOUNT
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Dammeier PF $3,227,798
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</TABLE>
ITEM 4. PURPOSE OF TRANSACTION
In all transactions disclosed in Item 5, Dammeier acquired his Common
Shares for investment. Subject to the price, and to applicable law, Dammeier may
acquire additional Common Shares, from time to time, also for investment.
Subject to applicable law, Dammeier may dispose of any or all such Shares in
response to changing market conditions. Such acquisitions or dispositions may be
made in negotiated transactions entered with other holders of the Common Shares,
and/or in open market transactions executed through broker-dealers.
On January 2, 2001, Dammeier purchased 1,607,600 Common Shares from SMC,
for investment, solely as part of a reallocation of the investment portfolio of
SMC. The purpose was to permit an affiliate of SMC to apply for a retail liquor
license in accordance with Washington regulations prohibiting cross-ownership by
affiliated licensees of financial interests in both wholesalers and retailers of
alcoholic beverages. SMC has not entered any agreement or relationship, or
reached any understanding, with any other seller or purchaser, to acquire or
dispose of any Common Shares in the future. Except for the Nonqualified Option
Agreement disclosed in Item 6, Dammeier has not entered any agreement or reached
any understanding with any other person to acquire or dispose of any Common
Shares.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
The beneficial ownership of the Common Shares of the person named in
Item 2 is as follows at the date hereof:
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<TABLE>
<CAPTION>
Aggregate
Beneficially Owned Voting Power Dispositive
------------------ -------------------- ------------------
Name Number Percent Sole Shared Sole Shared
------------------ --------- ------- --------- ------ --------- ------
<S> <C> <C> <C> <C> <C> <C>
Dammeier 1,613,899 20.6% 1,613,899 -0- 1,613,899 -0-
</TABLE>
The person filing this statement effected the following transactions in the
Common Shares on the dates indicated, the same being the only transactions in
such Shares by such person since November 3, 2000:
<TABLE>
<CAPTION>
PURCHASE OR NUMBER OF
NAME SALE DATE SHARES PRICE PER SHARE
--------------------- --------------- --------------- -------------- ----------------
<S> <C> <C> <C> <C>
Kurt Dammeier P 11/7/00 5,000 $1.75
Kurt Dammeier P 1/2/01 1,607,600 $2.00
</TABLE>
All transactions were executed on the Nasdaq National Market.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
Dammeier and the Issuer entered a Non-Qualified Stock Option Agreement
(Non-Employee Director) dated May 4, 2000, which sets forth the terms and
conditions of the grant by the Issuer of options to acquire Common Shares. Under
the Agreement, Dammeier may be granted such options from time to time.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS
None
SlGNATURE
After reasonable inquiry and to the best of my knowledge, I certify that
the information set forth in this statement is true, complete and correct.
DATE: January 10, 2001
/s/ Kurt B. Dammeier
--------------------------------
KURT B. DAMMEIER
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