UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _3_)*
CASA OLE RESTAURANTS, INC.
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(Name of Issuer)
COMMON
- --------------------------------------------------------------------------------
(Title of Class of Securities)
14712P104
------------------------------
(CUSIP Number)
David Nierenberg, The D3 Family Fund, 19605 NE 8th St., Camas, WA 98607
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(Name, Address and Telephone Number
of Person Authorized to Receive
Notices and Communications)
8/12/98
-------------------------------
(Date of Event which Requires
Filing of this Statement)
*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 the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
1 of 13
<PAGE>
SCHEDULE 13D
------------
CUSIP No. 14712P104 Page 2 of 13
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The D3 Family Fund, L.P. (David Nierenberg is President of the General
Partner, which is Nierenberg Investment Management Company.)
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ X ]
(b) [ ]
3) SEC USE ONLY _____________________________________________________________
4) SOURCE OF FUNDS
WC
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5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Washington
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7) SOLE VOTING POWER
NUMBER OF
470,000 common shares (13.1%)
SHARES --------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
--------------------------------------------------
EACH
9) SOLE DISPOSITIVE POWER
REPORTING
470,000
PERSON --------------------------------------------------
WITH 10) SHARED DISPOSITIVE POWER
0
--------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Aggregate amount owned is 525,000 shares (14.6%)
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12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.6%
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14) TYPE OF REPORTING PERSON*
PN
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<PAGE>
SCHEDULE 13D
------------
CUSIP No. 14712P104 Page 3 of 13
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Haredale, Ltd.
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ X ]
(b) [ ]
3) SEC USE ONLY _____________________________________________________________
4) SOURCE OF FUNDS
WC
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5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6) CITIZENSHIP OR PLACE OF ORGANIZATION
The Bahamas
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7) SOLE VOTING POWER
NUMBER OF
18,000 common shares (0.5%)
SHARES --------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
--------------------------------------------------
EACH
9) SOLE DISPOSITIVE POWER
REPORTING
18,000
PERSON --------------------------------------------------
WITH 10) SHARED DISPOSITIVE POWER
0
--------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Aggregate amount owned is 525,000 shares (14.6%)
--------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
--------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.6%
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14) TYPE OF REPORTING PERSON*
CO
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<PAGE>
SCHEDULE 13D
------------
CUSIP No. 14712P104 Page 4 of 13
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sharptown Limited
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ X ]
(b) [ ]
3) SEC USE ONLY _____________________________________________________________
4) SOURCE OF FUNDS
WC
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5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Channel Islands, British Isles
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7) SOLE VOTING POWER
NUMBER OF
3,000 common shares (0.1%)
SHARES --------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
--------------------------------------------------
EACH
9) SOLE DISPOSITIVE POWER
REPORTING
3,000
PERSON --------------------------------------------------
WITH 10) SHARED DISPOSITIVE POWER
0
--------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Aggregate amount owned is 525,000 shares (14.6%)
--------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
--------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.6%
--------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
PN
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<PAGE>
SCHEDULE 13D
------------
CUSIP No. 14712P104 Page 5 of 13
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James Henry Hildebrandt
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ X ]
(b) [ ]
3) SEC USE ONLY _____________________________________________________________
4) SOURCE OF FUNDS
WC
--------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
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7) SOLE VOTING POWER
NUMBER OF
6,000 common shares (0.2%)
SHARES --------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
--------------------------------------------------
EACH
9) SOLE DISPOSITIVE POWER
REPORTING
6,000
PERSON --------------------------------------------------
WITH 10) SHARED DISPOSITIVE POWER
0
--------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Aggregate amount owned is 525,000 shares (14.6%)
--------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
--------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.6%
--------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
IN
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<PAGE>
SCHEDULE 13D
------------
CUSIP No. 14712P104 Page 6 of 13
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Toxford Corporation
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ X ]
(b) [ ]
3) SEC USE ONLY _____________________________________________________________
4) SOURCE OF FUNDS
WC
--------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Channel Islands, British Isles
--------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF
3,000 common shares (0.1%)
SHARES --------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
--------------------------------------------------
EACH
9) SOLE DISPOSITIVE POWER
REPORTING
3,000
PERSON --------------------------------------------------
WITH 10) SHARED DISPOSITIVE POWER
0
--------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Aggregate amount owned is 525,000 shares (14.6%)
--------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
--------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.6%
--------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
CO
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<PAGE>
SCHEDULE 13D
------------
CUSIP No. 14712P104 Page 7 of 13
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Nierenberg Family 1993 Trust
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ X ]
(b) [ ]
3) SEC USE ONLY _____________________________________________________________
4) SOURCE OF FUNDS
WC
--------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Washington
--------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF
25,000 common shares (0.7%)
SHARES --------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
--------------------------------------------------
EACH
9) SOLE DISPOSITIVE POWER
REPORTING
25,000
PERSON --------------------------------------------------
WITH 10) SHARED DISPOSITIVE POWER
0
--------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Aggregate amount owned is 525,000 shares (14.6%)
--------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
--------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.6%
--------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
OO
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<PAGE>
Page 8 of 13
Item 1. Security and Issuer
Common stock of Casa Ole Restaurants, Inc. (CASA), 1135 Edgebrook,
Houston, Texas 77034-1899.
Item 2. Identity and Background
The D3 Family Fund, L.P., a Washington State partnership, whose
principal business is investing in the equities of public micro-cap
issuers. Located at 19605 N.E. 8th St., Camas, Washington 98607.
No convictions or administrative proceedings as described in
Item 2(d) and (e).
Item 3. Source and Amount of Funds or Other Consideration
Source of funds is money invested in the partnership by its partners.
Aggregate amount invested in CASA shares purchased by the partnership
is $3,022,000, including commissions.
Item 4. Purpose of Transaction
The purpose of purchasing the shares was for investment. None
of the other actions described in Items 4(a)-(j) are currently
contemplated.
Item 5. Interest in Securities of the Issuer
(a,b) D3 owns, and has sole voting and dispositive power over, 470,000
common shares of CASA (13.1%). In addition, 30,000 more common
shares of CASA are owned by four foreign investors on whose
behalf Mr. Nierenberg is authorized to trade: Haredale, a
Bahamian corporation which owns 18,000 shares; James Henry
Hildebrandt, a Canadian citizen who owns 6,000 shares;
Sharptown, Ltd., a Channel Islands corporation which owns 3,000
shares; and Toxford Corporation, a Channel Islands corporation
which owns 3,000 shares. In addition, The Nierenberg Family 1993
Trust, which Mr. Nierenberg is trustee, owns 25,000 CASA shares.
Aggregating these five entities and the individual, the group
controls 525,000 CASA shares (14.6%).
(c) D3's transactions in the last 60 days were the purchase of
65,000 common shares of CASA through Morgan Keegan at $4.00
per share on August 12, 1998.
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
N/A for D3.
Item 7. Material to be Filed as Exhibits
N/A
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.
August 13, 1998 DAVID NIERENBERG
- ----------------- ------------------------------------
Date David Nierenberg
President
Nierenberg Investment Management
Company, Inc., the General Partner
Of The D3 Family Fund, L.P.
<PAGE>
Page 9 of 13
Item 1. Security and Issuer
Common stock of Casa Ole Restaurants, Inc. (CASA), 1135 Edgebrook,
Houston, Texas 77034-1899.
Item 2. Identity and Background
(a) Haredale Ltd., a Bahamian corporation.
(b) P.O. Box N-4465, Nassau, New Providence, The Bahamas.
(c) Haredale is in the investment business at the address above.
(d) None
(e) None
(f) The Bahamas.
Item 3. Source and Amount of Funds or Other Consideration
Haredale owns, and Mr. Nierenberg has sole voting and dispositive
power over, its 18,000 shares.
Item 4. Purpose of Transaction
The purpose of purchasing the shares was for investment. None
of the other actions described in Items 4(a)-(j) are currently
contemplated.
Item 5. Interest in Securities of the Issuer
(a,b) Haredale owns, and Mr. Nierenberg has sole voting and
dispositive power over, its 18,000 shares.
(c) Haredale bought 9,000 shares of CASA through Montgomery Secur-
ities at $3.75 per share, plus commission, on March 16, 1998.
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
Haredale pays Mr. Nierenberg an annual management fee and a share
of its net profits for his personal management of its accounts.
Item 7. Material to be Filed as Exhibits
N/A
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.
August 13, 1998 DAVID NIERENBERG
- ----------------- ------------------------------------
Date David Nierenberg
Authorized to trade for
Haredale, Ltd.
<PAGE>
Page 10 of 13
Item 1. Security and Issuer
Common stock of Casa Ole Restaurants, Inc. (CASA), 1135 Edgebrook,
Houston, Texas 77034-1899.
Item 2. Identity and Background
(a) Sharptown Limited, a Channel Islands corporation.
(b) P.O. Box 404, Pirouet House, Union St., St. Helier, Jersey
JE4 9WG, Channel Islands, British Isles.
(c) Sharptown Limited is in the investment business at the address
above.
(d) None
(e) None
(f) Channel Islands, British Isles.
Item 3. Source and Amount of Funds or Other Consideration
Sharptown Limited owns, and Mr. Nierenberg has sole voting and
dispositive power over, its 3,000 shares.
Item 4. Purpose of Transaction
The purpose of purchasing the shares was for investment. None
of the other actions described in Items 4(a)-(j) are currently
contemplated.
Item 5. Interest in Securities of the Issuer
(a,b) Sharptown Limited owns, and Mr. Nierenberg has sole voting and
dispositive power over, its 3,000 shares.
(c) Sharptown bought 1,500 shares of CASA through Montgomery Secur-
ities at $3.75 per share, plus commission, on March 16, 1998.
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
Sharptown Limited pays Mr. Nierenberg an annual management fee and a
share of its net profits for his personal management of its accounts.
Item 7. Material to be Filed as Exhibits
N/A
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.
August 13, 1998 DAVID NIERENBERG
- ----------------- ------------------------------------
Date David Nierenberg
Authorized to trade for
Sharptown Limited
<PAGE>
Page 11 of 13
Item 1. Security and Issuer
Common stock of Casa Ole Restaurants, Inc. (CASA), 1135 Edgebrook,
Houston, Texas 77034-1899.
Item 2. Identity and Background
(a) James Henry Hildebrandt, an individual who is a citizen of Canada,
resident in Hong Kong.
(b) c/o Bain & Company, Tenth Floor, One Pacific Place, 88 Queensway,
Hong Kong.
(c) Mr. Hildebrandt is in the management consulting business.
(d) None
(e) None
(f) Canada
Item 3. Source and Amount of Funds or Other Consideration
Mr. Hildebrandt owns, and Mr. Nierenberg has sole voting and
dispositive power over, his 6,000 shares.
Item 4. Purpose of Transaction
The purpose of purchasing the shares was for investment. None
of the other actions described in Items 4(a)-(j) are currently
contemplated.
Item 5. Interest in Securities of the Issuer
(a,b) Mr. Hildebrandt owns, and Mr. Nierenberg has sole voting and
dispositive power over, his 6,000 shares.
(c) Hildebrandt bought 3,000 shares of CASA through Montgomery
Securities at $3.75 per share, plus commission, on March 16,
1998.
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
Mr. Hildebrandt pays Mr. Nierenberg an annual management fee and a
share of its net profits for his personal management of its accounts.
Item 7. Material to be Filed as Exhibits
N/A
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.
August 13, 1998 DAVID NIERENBERG
- ----------------- ------------------------------------
Date David Nierenberg
Authorized to trade for
John Henry Hildebrandt
<PAGE>
Page 12 of 13
Item 1. Security and Issuer
Common stock of Casa Ole Restaurants, Inc. (CASA), 1135 Edgebrook,
Houston, Texas 77034-1899.
Item 2. Identity and Background
(a) Toxford Corporation, a Channel Islands corporation.
(b) P.O. Box 3048, St. Andrews House, Le Bordage, St. Peter Port,
Guernsey, Channel Islands, British Isles.
(c) Toxford Corporation is in the investment business at the address
above.
(d) None
(e) None
(f) Channel Islands, British Isles.
Item 3. Source and Amount of Funds or Other Consideration
Toxford Corporation owns, and Mr. Nierenberg has sole voting and
dispositive power over, its 3,000 shares.
Item 4. Purpose of Transaction
The purpose of purchasing the shares was for investment. None
of the other actions described in Items 4(a)-(j) are currently
contemplated.
Item 5. Interest in Securities of the Issuer
(a,b) Toxford Corporation owns, and Mr. Nierenberg has sole voting and
dispositive power over, its 3,000 shares.
(c) Toxford bought 1,500 shares of CASA through Montgomery Secur-
ities at $3.75 per share, plus commission, on March 16, 1998.
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
Toxford Corporation pays Mr. Nierenberg an annual management fee and a
share of its net profits for his personal management of its accounts.
Item 7. Material to be Filed as Exhibits
N/A
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.
August 13, 1998 DAVID NIERENBERG
- ----------------- ------------------------------------
Date David Nierenberg
Authorized to trade for
Toxford Corporation
<PAGE>
Page 13 of 13
Item 1. Security and Issuer
Common stock of Casa Ole Restaurants, Inc. (CASA), 1135 Edgebrook,
Houston, Texas 77034-1899.
Item 2. Identity and Background
(a) The Nierenberg Family 1993 Trust, a revocable trust.
(b) 19605 N.E. 8th Street, Camas, Washington 98607
(c) A Trust
(d) None
(e) None
(f) United States
Item 3. Source and Amount of Funds or Other Consideration
The Nierenberg Family 1993 Trust owns, and Mr. Nierenberg has sole
voting and dispositive power over, its 25,000 shares. Shares were
purchased using margin borrowings.
Item 4. Purpose of Transaction
The purpose of purchasing the shares was for investment. None
of the other actions described in Items 4(a)-(j) are currently
contemplated.
Item 5. Interest in Securities of the Issuer
(a,b) The Nierenberg Family 1993 Trust owns, and Mr. Nierenberg has
sole voting and dispositive power over, its 25,000 shares.
(c) None
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
N/A
Item 7. Material to be Filed as Exhibits
N/A
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.
August 13, 1998 DAVID NIERENBERG
- ----------------- ------------------------------------
Date David Nierenberg
Authorized to trade for
The Nierenberg Family 1993 Trust
