SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Rule 13d-102
Under the Securities Exchange Act of 1934
(Amendment No. )*
CORNELL COMPANIES, INC.
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(Name of Issuer)
Common Stock, $.001 Par Value
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(Title of Class of Securities)
219141108
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(CUSIP Number)
December 7, 2000
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
|_| Rule 13d-1 (b)
|X| Rule 13d-1 (c)
|_| Rule 13d-1 (d)
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* 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 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>
CUSIP No. 219141108 13G Page 2 of 12
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Caxton International Limited
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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6 SOLE VOTING POWER
0
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NUMBER OF 7 SHARED VOTING POWER
SHARES
BENEFICIALLY 306,163
OWNED BY --------------------------------------------------------------
EACH 8 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------------
9 SHARED DISPOSITIVE POWER
306,163
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10 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
306,163
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11 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
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12 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.3%
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13 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 219141108 13G Page 3 of 12
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Caxton Equity Growth LLC 22-3682580
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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6 SOLE VOTING POWER
0
--------------------------------------------------------------
NUMBER OF 7 SHARED VOTING POWER
SHARES
BENEFICIALLY 47,616
OWNED BY --------------------------------------------------------------
EACH 8 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------------
9 SHARED DISPOSITIVE POWER
47,616
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10 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
47,616
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11 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
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12 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.5%
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13 TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 219141108 13G Page 4 of 12
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Caxton Equity Growth (BVI) Ltd.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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6 SOLE VOTING POWER
0
--------------------------------------------------------------
NUMBER OF 7 SHARED VOTING POWER
SHARES
BENEFICIALLY 126,221
OWNED BY --------------------------------------------------------------
EACH 8 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------------
9 SHARED DISPOSITIVE POWER
126,221
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10 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
126,221
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11 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
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12 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.4%
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13 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 219141108 13G Page 5 of 12
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Caxton Associates, L.L.C. 22-3430173
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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5 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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6 SOLE VOTING POWER
0
--------------------------------------------------------------
NUMBER OF 7 SHARED VOTING POWER
SHARES
BENEFICIALLY 480,000
OWNED BY --------------------------------------------------------------
EACH 8 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------------
9 SHARED DISPOSITIVE POWER
480,000
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10 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
480,000
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11 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
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12 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.2%
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13 TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 219141108 13G Page 6 of 12
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bruce S. Kovner
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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5 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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6 SOLE VOTING POWER
0
--------------------------------------------------------------
NUMBER OF 7 SHARED VOTING POWER
SHARES
BENEFICIALLY 480,000
OWNED BY --------------------------------------------------------------
EACH 8 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------------
9 SHARED DISPOSITIVE POWER
480,000
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10 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
480,000
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11 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
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12 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.2%
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13 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
Item 1 (a). Name of Issuer:
Cornell Companies, Inc.
Item 1 (b). Address of Issuer's Principal Executive Offices:
1700 West Loop South, Suite 1500
Houston, TX 77027
Item 2 (a). Name of Person Filing:
(i) Caxton International Limited ("Caxton International")
(ii) Caxton Equity Growth LLC ("Caxton Equity Growth")
(iii) Caxton Equity Growth (BVI) Ltd. ("Caxton Equity Growth (BVI)")
(iv) Caxton Associates, L.L.C. ("Caxton Associates"). Caxton
Associates is the trading advisor to Caxton International and
Caxton Equity Growth (BVI), and the managing member of Caxton
Equity Growth (together with Caxton International, Caxton
Equity Growth and Caxton Equity Growth (BVI), the "Caxton
Accounts") and, as such, has voting and dispositive power with
respect to the investments of the Caxton Accounts.
(v) Mr. Bruce S. Kovner. Mr. Kovner is the Chairman and sole
shareholder of Caxton Corporation. Caxton Corporation is the
Manager and majority owner of Caxton Associates. As a result
of the foregoing, Mr. Kovner may be deemed beneficially to own
the securities of the Issuer owned by the Caxton Accounts.
Item 2 (b). Address of Principal Business Office or, if None, Residence:
(i) The address of Caxton International is c/o Prime Management
Limited, Mechanics Building, 12 Church Street, Hamilton HM11,
Bermuda.
(ii) The address of Caxton Equity Growth is c/o Caxton Corporation,
315 Enterprise Drive, Plainsboro, New Jersey 08536.
(iii) The address of Caxton Equity Growth (BVI) is c/o Prime
Management Limited, Mechanics Building, 12 Church Street,
Hamilton HM11, Bermuda.
(iv) The address of Caxton Associates is c/o Caxton Corporation,
315 Enterprise Drive, Plainsboro, New Jersey 08536.
(v) The business address of Mr. Kovner is 667 Madison Avenue, New
York, NY 10021.
Item 2 (c). Citizenship:
(i) Caxton International is a British Virgin Islands Corporation.
(ii) Caxton Equity Growth is a Delaware limited liability company.
(iii) Caxton Equity Growth (BVI) is a British Virgin Islands
Corporation.
(iv) Caxton Associates is a Delaware limited liability company.
(v) Mr. Kovner is a United States citizen.
Item 2 (d). Title of Class of Securities:
Common Stock
<PAGE>
Item 2 (e). CUSIP No:
219141108
Item 3. If this statement is filed pursuant to Sec. 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
Not applicable.
Item 4. Ownership
(a) Amount beneficially owned:
The amount of shares of Common Stock beneficially owned by Caxton
International is 306,163. The amount of shares of Common Stock beneficially
owned by Caxton Equity Growth is 47,616. The amount of shares of Common Stock
beneficially owned by Caxton Equity Growth (BVI) is 126,221. The amount of
shares of Common Stock considered to be beneficially owned by Caxton Associates
by reason of its voting and dispositive powers is 480,000. Mr. Kovner, by reason
of being Chairman and sole shareholder of Caxton Corporation, which is the
manager and majority owner of Caxton Associates, may also be deemed to
beneficially own such shares.
(b) Percent of Class: Caxton International beneficially owns 3.3% of
the class of Common Stock. Caxton Equity Growth beneficially owns .5% of the
class of Common Stock. Caxton Equity Growth (BVI) beneficially owns 1.4% of the
class of Common Stock. Caxton Associates is deemed to beneficially own 5.2% of
the class of Common Stock. Bruce Kovner is deemed to beneficially own 5.2% of
the class of Common Stock.
(c) Number of shares as to which Caxton International has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 306,163
(iii) Sole power to dispose or to direct the disposition: 0
(iv) Shared power to dispose or to direct the disposition of:
306,163
Number of shares as to which Caxton Equity Growth has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 47,616
(iii) Sole power to dispose or to direct the disposition: 0
(iv) Shared power to dispose or to direct the disposition of:
47,616
Number of shares as to which Caxton Equity Growth (BVI) has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 126,221
(iii) Sole power to dispose or to direct the disposition: 0
(iv) Shared power to dispose or to direct the disposition of:
126,221
<PAGE>
Number of shares as to which Caxton Associates has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 480,000
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of:
480,000
Number of shares as to which Mr. Kovner has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 480,000
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of:
480,000
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Reported on the Parent Holding Company.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification.
By signing below, each of the reporting persons hereby
certifies that, to the best of its knowledge and belief, the securities referred
to above were not acquired and are not being held for the purpose of or with the
effect of changing or influencing the control of the issuer of such securities
and were not acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
<PAGE>
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: December 15, 2000
CAXTON INTERNATIONAL LIMITED
By: /s/ Maxwell Quinn
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Name: Maxwell Quin
Title: Secretary
By: /s/ Maxine Taylor Swaine
---------------------------------
Name: Maxine Taylor Swain
Title: Assistant Secretary
CAXTON EQUITY GROWTH LLC
By: /s/ Scott B. Bernstein
---------------------------------
Name: Scott B. Bernstein
Title: Secretary, Caxton Associates, Manager
CAXTON EQUITY GROWTH (BVI) LTD
By: /s/ Maxwell Quinn
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Name: Maxwell Quin
Title: Secretary
By: /s/ Scott B. Bernstein
---------------------------------
Name: Scott B. Bernstein
Title: Director
CAXTON ASSOCIATES, L.L.C.
By: /s/ Scott B. Bernstein
---------------------------------
Name: Scott B. Bernstein
Title: Secretary
/s/ Bruce S. Kovner
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Bruce S. Kovner, by Scott B. Bernstein as
Attorney-in-Fact
<PAGE>
Certification
The undersigned hereby certifies that the shares of Cornell Companies,
Inc. purchased on behalf of Caxton International Limited, Caxton Equity Growth
LLC and Caxton Equity Growth (BVI) Ltd. were not acquired and are not being held
for the purpose of or with the effect of changing or influencing the control of
the issuer of such securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or
effect.
Dated: December 13, 2000
/s/ Anthony Scolaro
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Anthony Scolaro
/s/ Ross Taylor
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Ross Taylor
<PAGE>
Exhibit 1
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13d-1(k)(l)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the other, except to the extent that he or it knows or has reason to
believe that such information is inaccurate.
Dated: December 13, 2000 CAXTON INTERNATIONAL LIMITED
By: /s/ Maxwell Quin
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Name: Maxwell Quin
Title: Secretary
By: /s/ Maxine Taylor Swain
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Name: Maxine Taylor Swain
Title: Treasurer
CAXTON EQUITY GROWTH LLC
By: /s/ Scott B. Bernstein
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Name: Scott B. Bernstein
Title: Secretary, Caxton Associates,
Manager
CAXTON EQUITY GROWTH (BVI) LTD
By: /s/ Maxwell Quin
---------------------------------------
Name: Maxwell Quin
Title: Secretary
By: /s/ Scott B. Bernstein
---------------------------------------
Name: Scott B. Bernstein
Title: Director
CAXTON ASSOCIATES, L.L.C.
By: /s/ Scott B. Bernstein
---------------------------------------
Name: Scott B. Bernstein
Title: Secretary
/s/ Bruce S. Kovner
------------------------------------------
Bruce S. Kovner, by Scott B. Bernstein as
Attorney-in-Fact
