UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Onyx Acceptance Corporation
COMMON STOCK, par value $0.01
682914106
Pamela B. Johnson, Esq., P. O. Box 5041, Thousand Oaks, CA 91359
(818) 597-3754
8/05/99
<PAGE>
CUSIP NO. 682914106 SCHEDULE 13D OMB Number: 3235-0145
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Lincolnshire Associates, Ltd.
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
Texas
7. Sole Voting Power
-0-
Number of Shares
8. Shared Voting Power
Beneficially
90,000
Owned by Each
9. Sole Dispositive Power
Reporting Person
-0-
With
10. Shared Dispositive Power
90,000
11. Aggregate Amount Beneficially Owned by Each Reporting Person
90,000
12. Check Box if the Aggregate Amount in Row 11
Excludes Certain Shares / /
13. Percent of Class Represented by Amount in Row 11
1.46%
14. Type of Reporting Person
PN
<PAGE>
CUSIP NO. 682914106 SCHEDULE 13D OMB Number: 3235-0145
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Portshire Corp.
2. Check the Appropriate Box if a Member of a Group (a) / /
(b) /X/
3. SEC Use Only
4. Source of Funds
AF
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) / /
6. Citizenship or Place of Organization
Texas
7. Sole Voting Power
-0-
Number of Shares
8. Shared Voting Power
Beneficially
90,000
Owned by Each
9. Sole Dispositive Power
Reporting Person
-0-
With
10. Shared Dispositive Power
90,000
11. Aggregate Amount Beneficially Owned by Each Reporting Person
90,000
12. Check Box if the Aggregate Amount in Row 11
Excludes Certain Shares / /
13. Percent of Class Represented by Amount in Row 11
1.46%
14. Type of Reporting Person
CO
<PAGE>
CUSIP NO. 682914106 SCHEDULE 13D OMB Number: 3235-0145
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Edmundson International, Inc.
2. Check the Appropriate Box if a Member of a Group (a) / /
(b) /X/
3. SEC Use Only
4. Source of Funds
AF
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) / /
6. Citizenship or Place of Organization
California
7. Sole Voting Power
-0-
Number of Shares
8. Shared Voting Power
Beneficially
90,000
Owned by Each
9. Sole Dispositive Power
Reporting Person
-0-
With
10. Shared Dispositive Power
90,000
11. Aggregate Amount Beneficially Owned by Each Reporting Person
90,000
12. Check Box if the Aggregate Amount in Row 11
Excludes Certain Shares / /
13. Percent of Class Represented by Amount in Row 11
1.46%
14. Type of Reporting Person
CO
<PAGE>
CUSIP NO. 682914106 SCHEDULE 13D OMB Number: 3235-0145
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Consolidated Electrical Distributors, Inc.
2. Check the Appropriate Box if a Member of a Group (a) / /
(b) /X/
3. SEC Use Only
4. Source of Funds
AF
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
7. Sole Voting Power
-0-
Number of Shares
8. Shared Voting Power
Beneficially
90,000
Owned by Each
9. Sole Dispositive Power
Reporting Person
-0-
With
10. Shared Dispositive Power
90,000
11. Aggregate Amount Beneficially Owned by Each Reporting Person
90,000
12. Check Box if the Aggregate Amount in Row 11
Excludes Certain Shares / /
13. Percent of Class Represented by Amount in Row 11
1.46%
14. Type of Reporting Person
CO
<PAGE>
CUSIP NO. 682914106 SCHEDULE 13D OMB Number: 3235-0145
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Employees' Retirement Plan of Consolidated Electrical Distributors, Inc.
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
California
7. Sole Voting Power
214,500
Number of Shares
8. Shared Voting Power
Beneficially
-0-
Owned by Each
9. Sole Dispositive Power
Reporting Person
214,500
With
10. Shared Dispositive Power
-0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person
214,500
12. Check Box if the Aggregate Amount in Row 11
Excludes Certain Shares / /
13. Percent of Class Represented by Amount in Row 11
3.48%
14. Type of Reporting Person
EP
<PAGE>
CUSIP NO. 682914106 SCHEDULE 13D OMB Number: 3235-0145
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Galashiels Fund, Ltd.
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
Illinois
7. Sole Voting Power
40,000
Number of Shares
8. Shared Voting Power
Beneficially
-0-
Owned by Each
9. Sole Dispositive Power
Reporting Person
40,000
With
10. Shared Dispositive Power
-0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person
40,000
12. Check Box if the Aggregate Amount in Row 11
Excludes Certain Shares / /
13. Percent of Class Represented by Amount in Row 11
.65%
14. Type of Reporting Person
CO
<PAGE>
CUSIP NO. 682914106 SCHEDULE 13D OMB Number: 3235-0145
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Keith W. Colburn Retirement Plan
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
Illinois
7. Sole Voting Power
-0-
Number of Shares
8. Shared Voting Power
Beneficially
4,500
Owned by Each
9. Sole Dispositive Power
Reporting Person
-0-
With
10. Shared Dispositive Power
4,500
11. Aggregate Amount Beneficially Owned by Each Reporting Person
4,500
12. Check Box if the Aggregate Amount in Row 11
Excludes Certain Shares / /
13. Percent of Class Represented by Amount in Row 11
.07%
14. Type of Reporting Person
EP
<PAGE>
CUSIP NO. 682914106 SCHEDULE 13D OMB Number: 3235-0145
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Keith W. Colburn Trust
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
Illinois
7. Sole Voting Power
-0-
Number of Shares
8. Shared Voting Power
Beneficially
4,500
Owned by Each
9. Sole Dispositive Power
Reporting Person
-0-
With
10. Shared Dispositive Power
4,500
11. Aggregate Amount Beneficially Owned by Each Reporting Person
4,500
12. Check Box if the Aggregate Amount in Row 11
Excludes Certain Shares / /
13. Percent of Class Represented by Amount in Row 11
.07%
14. Type of Reporting Person
OO
<PAGE>
CUSIP NO. 682914106 SCHEDULE 13D OMB Number: 3235-0145
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Keith W. Colburn
2. Check the Appropriate Box if a Member of a Group (a) / /
(b) /X/
3. SEC Use Only
4. Source of Funds
PC
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) / /
6. Citizenship or Place of Organization
Illinois
7. Sole Voting Power
-0-
Number of Shares
8. Shared Voting Power
Beneficially
4,500
Owned by Each
9. Sole Dispositive Power
Reporting Person
-0-
With
10. Shared Dispositive Power
4,500
11. Aggregate Amount Beneficially Owned by Each Reporting Person
4,500
12. Check Box if the Aggregate Amount in Row 11
Excludes Certain Shares / /
13. Percent of Class Represented by Amount in Row 11
.07%
14. Type of Reporting Person
IN
<PAGE>
CUSIP NO. 682914106 13D 1 OF 19
INTRODUCTION
Lincolnshire Associates, Ltd., a Texas limited partnership, hereby
files this Statement on Schedule 13D (the "Statement") on behalf of the
Reporting Persons identified in Item 2 below pursuant to the Agreement With
Respect to Schedule 13D attached hereto as Exhibit 7(1).
Item 1: Security and Issuer.
The class of equity securities to which this Statement relates is the
common stock, $0.01 par value (the "Common Stock"), of Onyx Acceptance
Corporation (the "Issuer"), a corporation incorporated under the laws of
California, whose principal executive offices are located at 27051 Towne
Centre Drive, Foothill Ranch, CA 92610.
Item 2: Identity and Background.
This Statement is filed on behalf of Lincolnshire Associates, Ltd., a
Texas limited partnership ("Lincolnshire"), Portshire Corp., a Texas
corporation ("Portshire Corp."), Edmundson International, Inc., a California
corporation ("Edmundson International"), Consolidated Electrical Distributors,
Inc., a Delaware corporation ("CED"), Employees' Retirement Plan of
Consolidated Electrical Distributors, Inc., a defined benefit plan ("CED
Pension Plan"), Galashiels Fund, Ltd., an Illinois nonprofit corporation
("Galashiels"), Keith W. Colburn Retirement Plan ("Colburn KEOGH"), Keith W.
Colburn Trust, under Declaration of Trust, dated February 16, 1978 ("Colburn
Trust"), and Keith W. Colburn, an individual resident of Illinois ("Colburn")
(collectively, the "Reporting Persons").
<PAGE>
CUSIP NO. 682914106 13D 2 OF 19
a. Lincolnshire.
The principal executive offices of Lincolnshire Associates are
located at 2550 Midway Road, Suite 220, Carrollton, Texas 75006, c/o Portshire
Corp. Lincolnshire Associates is a Texas limited partnership formed for the
purpose of making investments.
b. Portshire Corp.
The principal executive offices of Portshire Corp. are located at
2550 Midway Road, Suite 220, Carrollton, Texas 75006. Portshire Corp. is a
Texas corporation. Portshire Corp. is wholly owned by Edmundson International
and is the sole general partner of Lincolnshire. Portshire Corp. manages real
properties and services real estate secured loans. The directors and executive
officers of Portshire Corp. are set forth in Schedule 1 of this Statement.
c. Edmundson International.
The principal executive offices of Edmundson International
are located at 31356 Via Colinas, Westlake Village, California 91362.
Edmundson International is a California corporation whose principal business
is the making of investments. The directors and executive officers of
Edmundson International are set forth in Schedule 2 to this Statement.
Edmundson International is a wholly owned subsidiary of CED.
d. CED.
The principal executive offices of CED are located at 31356 Via
Colinas, Westlake Village, California 91362. CED is a Delaware corporation
whose principal business is the wholesale
<PAGE>
CUSIP NO. 682914106 13D 3 OF 19
distribution of electrical equipment. The directors and executive officers are
set forth in Schedule 3 to this Statement.
e. CED Pension Plan.
The principal executive Offices of CED Pension Plan are located at
700 S. Flower Street, Los Angeles, California 90071, c/o BNY Western Trust
Company. CED Pension Plan is a defined benefit plan within the meaning of the
Employee Retirement Income Security Act of 1974 ("ERISA"). CED Pension Plan is
organized as a trust under the laws of California.
f. Galashiels.
The principal executive offices of Galashiels are located at
555 Skokie Blvd., Suite 555, Northbrook, Illinois 60062. Galashiels is an
Illinois nonprofit corporation formed for the purpose of making investments.
The directors and executive officers are set forth in Schedule 4 to this
Statement.
g. Colburn KEOGH.
The principal executive offices of Colburn KEOGH are located
at Paine Webber, 5 River Drive, Suite 120, Northbrook, Illinois 60062. Colburn
KEOGH is a retirement plan formed for the purpose of making investments.
h. Colburn Trust.
The principal executive offices of Colburn Trust are located at 555
Skokie Blvd., Suite 555, Northbrook, Illinois 60062. Colburn Trust is
organized under Declaration of Trust, dated February 16, 1978, and was formed
for the purpose of making investments.
<PAGE>
CUSIP NO. 682914106 13D 4 OF 19
i. Colburn.
Colburn's business address is 555 Skokie Blvd., Suite 555,
Northbrook, Illinois 60062. Colburn is an individual resident of Illinois whose
occupation is business executive.
During the last five years none of the Reporting Persons, nor any of
their individual directors or executive officers, has been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) nor
have any of such persons been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which such person
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.
Item 3: Source and Amount of Funds or Other
Consideration.
Between August 30, 1997 and December 19, 1997, Lincolnshire
purchased, in a series of broker-assisted purchases on the open market, 90,000
shares of the Issuer's Common Stock. The total funds required to complete the
purchases was $646,962 (inclusive of broker commissions). All funds were
obtained from Lincolnshire's working capital.
Between August 30, 1997 and August 11, 1999, CED Pension Plan
purchased, in a series of broker-assisted purchases on the open market,
214,500 shares of the Issuer's Common Stock. The total funds required to
complete the purchases was $2,691,392 (inclusive of broker commissions). All
funds were obtained from CED Pension Plan's general assets.
On August 5, 1999, Galashiels purchased, in a broker-assisted
purchase on the open market, 40,000 shares of the
<PAGE>
CUSIP NO. 682914106 13D 5 OF 19
Issuer's Common Stock. The total funds required to complete the purchase was
$273,688. All funds were obtained from Galashiels' working capital.
Between December 23, 1997 and August 4, 1999, the Colburn KEOGH,
Colburn Trust and Colburn purchased a total of 4,500 shares of the Issuer's
Common Stock. The total funds required to complete the purchases was $33,858.
All funds were obtained from Colburn's personal funds.
A table identifying each purchase is included in Item 5(c).
Item 4: Purpose of Transaction.
The Reporting Persons acquired the shares of the Common Stock
reported herein for investment purposes. Consistent with such purposes, the
Reporting Persons may have discussions with management and other shareholders
of the Issuer concerning various operational and financial aspects of the
Issuer's business. The Reporting Persons may, in the future, also have
discussions with management, directors and other shareholders of the Issuer
concerning various ways of maximizing long-term shareholder value.
Depending on the market conditions and other factors that each of the
Reporting Persons may deem material to its investment decision, each Reporting
Person may purchase additional shares of the Common Stock in the open market
or in private transactions. Depending on these same factors, any Reporting
Person may sell all or a portion of the shares of the Common Stock that it now
owns or hereafter may acquire on the open market or in private transactions.
Item 5: Interest in Securities of the Issuer.
(a) and (b) The aggregate number of shares and percentage of Common
Stock of the Issuer (based on the Issuer's report of
<PAGE>
CUSIP NO. 682914106 13D 6 OF 19
Form 10Q that it had 6,171,034 shares of Common Stock outstanding as of May
14, 1999) beneficially owned by each person named in Item 2, as well as the
number of shares of Common Stock as to which such person is deemed to have
sole power to vote or to direct the vote, shared power to vote or to direct
the vote, sole power to dispose or to direct the disposition, or shared power
to dispose or direct the disposition is set forth in the following table.
<TABLE>
<CAPTION>
Reporting Person No. of Percentage Power to Vote Power to Dispose
Shares of Class Shared Sole Shared Sole
Benef.
Owned
- ----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Lincolnshire 90,000 1.46% 90,000 90,000
- ----------------------------------------------------------------------------------------
Portshire Corp. 90,000(1) 1.46% 90,000(1) 90,000(1)
- ----------------------------------------------------------------------------------------
Edmundson Int. 90,000(1) 1.46% 90,000(1) 90,000(1)
- ----------------------------------------------------------------------------------------
CED 90,000(1) 1.46% 90,000(1) 90,000(1)
- ----------------------------------------------------------------------------------------
CED Pension Plan 214,500 3.48% 214,500 214,500
- ----------------------------------------------------------------------------------------
Galashiels 40,000 .65% 40,000 40,000
- ----------------------------------------------------------------------------------------
Colburn KEOGH 4,500 .07% 4,500 4,500
- ----------------------------------------------------------------------------------------
Colburn Trust 4,500 .07% 4,500 4,500
- ----------------------------------------------------------------------------------------
Colburn 4,500 .07% 4,500 4,500
- ----------------------------------------------------------------------------------------
</TABLE>
The information required by Item 5 with respect to persons with whom
voting or dispositive power is shared is set forth in Item 2. The reporting
persons collectively own 349,000 shares, representing 5.7% of the total number
of shares of Common Stock outstanding.
(c) To the best knowledge of the Reporting Persons, no person
described in paragraph (a) of this Item 5 has effected
- --------
(1) Reports indirect interest in the shares of Common Stock beneficially owned
by Lincolnshire Associates.
<PAGE>
CUSIP NO. 682914106 13D 7 OF 19
any transaction in the Common Stock of the Issuer during the past 60 days other
than as set forth in the table below:
<TABLE>
<CAPTION>
Date Purchaser # Shares Price Comm'n Total Funds
Required
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
11/3/97 Lincolnshire 10,000 $7.0600 $ 70,600
- --------------------------------------------------------------------------------
11/7/97 Lincolnshire 20,000 $7.0600 $ 141,200
- --------------------------------------------------------------------------------
11/10/97 Lincolnshire 20,000 $7.0600 $ 141,200
- --------------------------------------------------------------------------------
11/18/97 Lincolnshire 5,000 $7.3100 $ 36,550
- --------------------------------------------------------------------------------
11/19/97 Lincolnshire 3,000 $7.3100 $ 21,930
- --------------------------------------------------------------------------------
12/8/97 Lincolnshire 2,000 $7.2500 $ 120 $ 14,620
- --------------------------------------------------------------------------------
12/15/97 Lincolnshire 5,000 $7.4350 $ 37,175
- --------------------------------------------------------------------------------
12/16/97 Lincolnshire 15,000 $7.3725 $ 110,587
- --------------------------------------------------------------------------------
12/19/97 Lincolnshire 10,000 $7.3100 $ 73,100
- --------------------------------------------------------------------------------
8/30/97 CED Pension
Plan 23,000 $8.6470 $ 198,880
- --------------------------------------------------------------------------------
9/18/97 CED Pension
Plan 5,000 $7.5600 $ 37,800
- --------------------------------------------------------------------------------
9/19/97 CED Pension
Plan 5,000 $7.6850 $ 38,425
- --------------------------------------------------------------------------------
9/22/97 CED Pension
Plan 10,000 $7.5600 $ 75,600
- --------------------------------------------------------------------------------
9/23/97 CED Pension
Plan 4,000 $7.4975 $ 29,990
- --------------------------------------------------------------------------------
9/25/97 CED Pension
Plan 12,500 $7.4350 $ 92,937
- --------------------------------------------------------------------------------
10/1/97 CED Pension
Plan 13,500 $7.4350 $ 100,372
- --------------------------------------------------------------------------------
10/6/97 CED Pension
Plan 20,000 $7.1538 $ 143,076
- --------------------------------------------------------------------------------
10/7/97 CED Pension
Plan 10,000 $7.0600 $ 70,600
- --------------------------------------------------------------------------------
10/10/97 CED Pension
Plan 10,000 $6.9350 $ 69,350
- --------------------------------------------------------------------------------
10/15/97 CED Pension
Plan 5,000 $6.9350 $ 34,675
- --------------------------------------------------------------------------------
10/16/97 CED Pension
Plan 5,000 $6.9974 $ 34,987
- --------------------------------------------------------------------------------
1/16/98 CED Pension
Plan 4,000 $7.6850 $ 30,740
- --------------------------------------------------------------------------------
2/23/98 CED Pension
Plan 2,500 $8.9348 $ 22,337
- --------------------------------------------------------------------------------
4/22/98 CED Pension
Plan 7,500 $12.4396 $ 93,297
- --------------------------------------------------------------------------------
4/23/98 CED Pension
Plan 12,500 $12.6896 $ 158,620
- --------------------------------------------------------------------------------
6/10/98 CED Pension
Plan 3,000 $9.6900 $ 29,070
- --------------------------------------------------------------------------------
6/10/98 CED Pension
Plan 5,000 $9.6900 $ 48,450
- --------------------------------------------------------------------------------
6/10/98 CED Pension
Plan 2,000 $9.6900 $ 19,380
- --------------------------------------------------------------------------------
</TABLE>
<PAGE>
CUSIP NO. 682914106 13D 8 OF 19
<TABLE>
<S> <C> <C> <C> <C> <C>
6/10/98 CED Pension
Plan 2,500 $10.1900 $ 25,475
- --------------------------------------------------------------------------------
7/23/98 CED Pension
Plan 500 $10.1900 $ 5,095
- --------------------------------------------------------------------------------
7/23/98 CED Pension
Plan 7,000 $10.1900 $ 71,300
- --------------------------------------------------------------------------------
8/19/98 CED Pension
Plan 2,500 $7.3148 $ 150 $ 18,287
- --------------------------------------------------------------------------------
8/24/98 CED Pension
Plan 500 $7.3140 $ 3,657
- --------------------------------------------------------------------------------
8/24/98 CED Pension
Plan 4,000 $7.3148 $ 29,259
- --------------------------------------------------------------------------------
8/24/98 CED Pension
Plan 3,000 $7.3147 $ 21,944
- --------------------------------------------------------------------------------
10/16/98 CED Pension
Plan 9,500 $5.3148 $ 570 $ 50,491
- --------------------------------------------------------------------------------
10/16/98 CED Pension
Plan 500 $5.3140 $ 30 $ 2,657
- --------------------------------------------------------------------------------
10/23/98 CED Pension
Plan 10,000 $5.5648 $ 600 $ 55,648
- --------------------------------------------------------------------------------
12/14/98 CED Pension
Plan 50,000 $5.4600 $3,000 $ 273,000
- --------------------------------------------------------------------------------
1/5/99 CED Pension
Plan 2,500 $5.6848 $ 150 $ 14,212
- --------------------------------------------------------------------------------
1/12/99 CED Pension
Plan 2,000 $5.6850 $ 120 $ 11,370
- --------------------------------------------------------------------------------
1/14/99 CED Pension
Plan 15,000 $5.8100 $ 900 $ 87,150
- --------------------------------------------------------------------------------
1/15/99 CED Pension
Plan 20,000 $5.8100 $1,200 $ 116,200
- --------------------------------------------------------------------------------
1/20/99 CED Pension
Plan 1,500 $5.8100 $ 90 $ 8,715
- --------------------------------------------------------------------------------
1/21/99 CED Pension
Plan 5,000 $5.8100 $ 300 $ 29,050
- --------------------------------------------------------------------------------
1/22/99 CED Pension
Plan 4,000 $5.8100 $ 240 $ 23,240
- --------------------------------------------------------------------------------
3/24/99 CED Pension
Plan 2,500 $5.8724 $ 150 $ 14,681
- --------------------------------------------------------------------------------
3/30/99 CED Pension
Plan 2,500 $5.8724 $ 150 $ 14,681
- --------------------------------------------------------------------------------
4/5/99 CED Pension
Plan 2,000 $5.8725 $ 120 $ 11,745
- --------------------------------------------------------------------------------
4/6/99 CED Pension
Plan 2,000 $5.8725 $ 120 $ 11,745
- --------------------------------------------------------------------------------
4/7/99 CED Pension
Plan 31,000 $5.8275 $1,860 $ 182,047
- --------------------------------------------------------------------------------
4/9/99 CED Pension
Plan 5,000 $5.8724 $ 300 $ 29,362
- --------------------------------------------------------------------------------
4/12/99 CED Pension
Plan 5,000 $5.8724 $ 300 $ 29,362
- --------------------------------------------------------------------------------
4/28/99 CED Pension
Plan 2,000 $7.3100 $ 120 $ 14,620
- --------------------------------------------------------------------------------
6/30/99 CED Pension
Plan 3,000 $7.6850 $ 180 $ 23,055
- --------------------------------------------------------------------------------
8/6/99 CED Pension
Plan 2,000 $6.9350 $ 120 $ 13,870
- --------------------------------------------------------------------------------
</TABLE>
<PAGE>
CUSIP NO. 682914106 13D 9 OF 19
<TABLE>
<S> <C> <C> <C> <C> <C>
8/9/99 CED Pension
Plan 1,200 $6.9350 $ 72 $ 8,322
- --------------------------------------------------------------------------------
8/10/99 CED Pension
Plan 20,000 $6.7413 $1,200 $ 134,826
- --------------------------------------------------------------------------------
8/11/99 CED Pension
Plan 4,000 $6.9350 $ 240 $ 27,740
- --------------------------------------------------------------------------------
8/5/99 Galashiels 40,000 $6.8422 $ 273,688
- --------------------------------------------------------------------------------
12/23/97 Colburn KEOGH 2,000 $7.3614 $ 14,723
- --------------------------------------------------------------------------------
8/4/99 Colburn KEOGH 1,000 $7.6348 $ 7,635
- --------------------------------------------------------------------------------
8/4/99 Colburn Trust 1,000 $7.6348 $ 7,635
- --------------------------------------------------------------------------------
6/22/99 Colburn 500 $7.7298 $ 3,865
- --------------------------------------------------------------------------------
TOTAL 349,000 $3,645,900
------- ----------
</TABLE>
(d) To the best knowledge of the Reporting Persons, no person other
than the Reporting Persons and their equity owners has the right to receive or
the power to direct the receipt of dividends from, or the proceeds from the
sale of, the Common Stock of Issuer.
(e) Not applicable.
Item 6: Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the
Issuer.
Lincolnshire beneficially owns 90,000 shares of Common Stock.
Portshire Corp., the general partner of Lincolnshire Associates, is a wholly
owned subsidiary of Edmundson International. Therefore, Edmundson
International, through its ownership of Portshire Corp., beneficially owns
90,000 shares of Common Stock. Edmundson International is itself a wholly
owned subsidiary of CED. Therefore, CED, through its ownership of Edmundson
International and indirect ownership of Portshire Corp., beneficially owns
90,000 shares of Common Stock. Colburn is the beneficiary of the Colburn Trust
and Colburn KEOGH. Colburn beneficially owns 4,500 shares of Common Stock. A
committee makes investment decisions for CED Pension Plan. Any two members of
such committee can make investment decisions for CED Pension Plan. Two of the
members on CED Pension Plan's investment committee, including Colburn, also
make investment
<PAGE>
CUSIP NO. 682914106 13D 10 OF 19
decisions for Lincolnshire and, therefore, indirectly, for
Portshire Corp., Edmundson International, and CED.
The directors and executive officers of CED have no agreement or
understanding of any kind with the members of the investment committee of CED
Pension Plan or with Colburn, Colburn KEOGH or Colburn Trust. However, given
the overlaps between the individuals involved in investment decisions for CED
and these same individuals' membership on the investment committee of CED
Pension Plan, it is possible that these individuals may cause the Reporting
Persons to act in concert regarding such actions in the future. As such, the
Reporting Persons, although disclaiming membership in a group, have
nonetheless filed this Statement on Schedule 13D.
Item 7: Material to be Filed as Exhibits.
Exhibit 7(1). Agreement with Respect to Schedule 13D.
<PAGE>
CUSIP NO. 682914106 13D 11 OF 19
SIGNATURE
After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certifies that the information set forth
in this statement is true, complete and correct.
Dated: August 26, 1999
Lincolnshire Associates, Ltd.
By Its General Partner,
Portshire Corp.
By /s/ David C. Verbeck
Its Vice President
<PAGE>
CUSIP NO. 682914106 13D 12 OF 19
LIST OF EXHIBITS
Exhibit No. Description Page
7(1) Agreement with Respect to
Schedule 13D.
<PAGE>
CUSIP NO. 682914106 13D 13 OF 19
SCHEDULE 1 TO SCHEDULE 13D
Portshire Corp.
Directors and Executive Officers
<TABLE>
<CAPTION>
Present Principal
Name and Business Address Title Occupation or Employment
<S> <C> <C>
D. D. Colburn Director Business Executive
555 Skokie Blvd., Suite 555 President
Northbrook, IL 60062
D. C. Verbeck Director Tax Director of CED
311356 Via Colinas Secretary & Vice President
Westlake Village, CA 91362
D. D. Dunham Vice President & Vice President
2550 Midway Road, Suite 220 Treasurer
Carrollton, TX 75006
</TABLE>
<PAGE>
CUSIP NO. 682914106 13D 14 OF 19
SCHEDULE 2 TO SCHEDULE 13D
Edmundson International, Inc.
Directors and Executive Officers
<TABLE>
<CAPTION>
Present Principal
Name and Business Address Title Occupation or Employment
<S> <C> <C>
K. W. Colburn Director Business Executive
555 Skokie Blvd., Suite 555 President
Northbrook, IL 60062
R. W. Colburn Director Business Executive
555 Skokie Blvd., Suite 555
Northbrook IL 60062
D. C. Verbeck Director Tax Director of CED
31356 Via Colinas Secretary
Westlake Village, CA 91362
J. D. Parish Vice President & CFO Treasurer of CED
31356 Via Colinas
Westlake Village, CA 91362
T. A. Lullo Vice President Vice President of CED
31356 Via Colinas
Westlake Village, CA 91362
</TABLE>
<PAGE>
CUSIP NO. 682914106 13D 15 OF 19
SCHEDULE 3 TO SCHEDULE 13D
Consolidated Electrical Distributors, Inc.
Directors and Executive Officers
<TABLE>
<CAPTION>
Present Principal
Name and Business Address Title Occupation or Employment
<S> <C> <C>
K. W. Colburn Director Business Executive
555 Skokie Blvd., Suite 555
Northbrook, IL 60062
R. W. Colburn Director Business Executive
555 Skokie Blvd., Suite 555
Northbrook IL 60062
C. C. Hogel Director Business Executive
555 Skokie Blvd., Suite 555
Northbrook, IL 60062
A. Monis, Jr. Director Chairman of the Board
31356 Via Colinas Chairman of the Board
Westlake Village, CA 91362
H. D. Bursch President President
31356 Via Colinas
Westlake Village, CA 91362
T. A. Lullo Vice President Vice President
31356 Via Colinas
Westlake Village, CA 91362
J. D. Parish Treasurer Treasurer
31356 Via Colinas
Westlake Village, CA 91362
P. J. Savasta Vice President Vice President
31356 Via Colinas
Westlake Village, CA 91362
</TABLE>
<PAGE>
CUSIP NO. 682914106 13D 16 OF 19
<TABLE>
<S> <C> <C>
R. H. Swan Vice President Vice President
31356 Via Colinas
Westlake Village, CA 91362
D. M. Williams Vice President Vice President
31356 Via Colinas
Westlake Village, CA 91362
D. C. Verbeck Secretary Tax Director
31356 Via Colinas
Westlake Village, CA 91362
</TABLE>
<PAGE>
CUSIP NO. 682914106 13D 17 OF 19
SCHEDULE 4 TO SCHEDULE 13D
Galashiels Fund, Ltd.
Directors and Executive Officers
<TABLE>
<CAPTION>
Present Principal
Name and Business Address Title Occupation or Employment
<S> <C> <C>
K. W. Colburn Director Business Executive
555 Skokie Blvd., Suite 555 President & Treasurer
Northbrook, IL 60062
B. P. Colburn Director Business Executive
555 Skokie Blvd., Suite 555 Vice President
Northbrook, IL 60062
P. B. Johnson Director Corporate Counsel
31356 Via Colinas Secretary
Westlake Village, CA 91362
</TABLE>
<PAGE>
CUSIP NO. 682914106 13D 18 OF 19
EXHIBIT 7(1)
AGREEMENT WITH RESPECT TO SCHEDULE 13D
The undersigned hereby agree that any Statement on Schedule 13D to be
filed with the Securities and Exchange Commission by any of the undersigned,
including any amendment thereto, with respect to securities of Onyx Acceptance
Corporation, a California corporation, may be filed by Lincolnshire
Associates, Ltd., on behalf of all of the undersigned.
IN WITNESS WHEREOF, the undersigned have caused this Agreement to be
executed in counterparts by their duly authorized signatories as of 26th day
of August, 1999.
Portshire Corp.
By: /s/ David C. Verbeck
Its: Vice President
Edmundson International, Inc.
By: /s/ John D. Parish
Its: Vice President
Consolidated Electrical
Distributors, Inc.
By: /s/ John D. Parish
Its: Treasurer
Employees' Retirement Plan of
Consolidated Electrical
Distributors, Inc.
By: /s/ John D. Parish
on behalf and as a member of
the Retirement Committee of
Consolidated Electrical
Distributors, Inc.
<PAGE>
CUSIP NO. 682914106 13D 19 OF 19
Galashiels Fund, Ltd.
By: /s/ Pamela B. Johnson
Its: Secretary
Keith W. Colburn - KEOGH
By: /s/ Keith W. Colburn
K. W. Colburn Trust, under Declaration
of Trust, dated February 16, 1978
By /s/ Keith W. Colburn, Trustee
/s/ Keith W. Colburn
Keith W. Colburn
