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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*
PJ America, Inc.
- ---------------------------------------------------------------
(Name of Issuer)
Common Stock
- ---------------------------------------------------------------
(Title of Class of Securities)
72585Q10
- ---------------------------------------------------------------
(CUSIP Number)
September 2, 1998
- ---------------------------------------------------------------
(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) (and Rule 13d-2(d) for this Amendment)
[ ] Rule 13d-1(d)
* 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 Number 72585Q10
Page 2 of 14
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Reporting Person
A Few Valuable Businesses Partnership
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions) (a)[ ]
(b)[x]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
North Carolina
- --------------------------------------------------------------------------------
Number of Shares
Beneficially
Owned By Each 5. Sole Voting Power
Reporting Person
With: 160,200
--------------------------------------------------------------
6. Shared Voting Power
0
--------------------------------------------------------------
7. Sole Dispositive Power
160,200
--------------------------------------------------------------
8. Shared Dispositive Power
0
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
160,200
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
Not Applicable
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
2.8%
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP Number 72585Q10
Page 3 of 14
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Reporting Person
Team Partnership
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions) (a)[ ]
(b)[x]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
North Carolina
- --------------------------------------------------------------------------------
Number of Shares
Beneficially
Owned By Each 5. Sole Voting Power
Reporting Person
With: 10,081
-------------------------------------------------------------
6. Shared Voting Power
0
-------------------------------------------------------------
7. Sole Dispositive Power
10,081
-------------------------------------------------------------
8. Shared Dispositive Power
0
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
10,081
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
Not Applicable
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
0.2%
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP Number 72585Q10
Page 4 of 14
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Reporting Person
Capital Partner Investments Partnership
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions) (a)[ ]
(b)[x]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
North Carolina
- --------------------------------------------------------------------------------
Number of Shares
Beneficially
Owned By Each 5. Sole Voting Power
Reporting Person
With: 251,400
-------------------------------------------------------------
6. Shared Voting Power
0
-------------------------------------------------------------
7. Sole Dispositive Power
251,400
-------------------------------------------------------------
8. Shared Dispositive Power
0
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
251,400
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
Not Applicable
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
4.3%
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP Number 72585Q10
Page 5 of 14
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Reporting Person
John M. Day
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions) (a)[ ]
(b)[x]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
North Carolina
- --------------------------------------------------------------------------------
Number of Shares
Beneficially
Owned By Each 5. Sole Voting Power
Reporting Person
With: 69,481
-------------------------------------------------------------
6. Shared Voting Power
540,000
-------------------------------------------------------------
7. Sole Dispositive Power
69,481
-------------------------------------------------------------
8. Shared Dispositive Power
540,000
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
609,481
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
Not Applicable
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
10.5%
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP Number 72585Q10
Page 6 of 14
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Reporting Person
Maynard Capital Partners, L.L.C.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions (a)[ ]
(b)[x]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
North Carolina
- --------------------------------------------------------------------------------
Number of Shares
Beneficially
Owned By Each 5. Sole Voting Power
Reporting Person
With: 379,800
-------------------------------------------------------------
6. Shared Voting Power
0
-------------------------------------------------------------
7. Sole Dispositive Power
379,800
-------------------------------------------------------------
8. Shared Dispositive Power
0
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
379,800
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
Not Applicable
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
6.6%
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
OO
- --------------------------------------------------------------------------------
<PAGE>
CUSIP Number 72585Q10
Page 7 of 14
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Reporting Person
Investors Management Corporation
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions) (a)[ ]
(b)[x]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
North Carolina
- --------------------------------------------------------------------------------
Number of Shares
Beneficially
Owned By Each 5. Sole Voting Power
Reporting Person
With: 0
-------------------------------------------------------------
6. Shared Voting Power
540,000
-------------------------------------------------------------
7. Sole Dispositive Power
0
-------------------------------------------------------------
8. Shared Dispositive Power
540,000
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
540,000
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
Not Applicable
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
9.3%
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
CO
- --------------------------------------------------------------------------------
<PAGE>
CUSIP Number 72585Q10
Page 8 of 14
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Reporting Person
James Maynard
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions) (a)[ ]
(b)[x]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
Number of Shares
Beneficially
Owned By Each 5. Sole Voting Power
Reporting Person
With: 7,000
-------------------------------------------------------------
6. Shared Voting Power
540,000
-------------------------------------------------------------
7. Sole Dispositive Power
7,000
-------------------------------------------------------------
8. Shared Dispositive Power
540,000
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
547,000
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
Not Applicable
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
9.5%
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP Number 72585Q10
Page 9 of 14
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Reporting Person
Worthy Companies Partnership
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions) (a)[ ]
(b)[x]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
North Carolina
- --------------------------------------------------------------------------------
Number of Shares
Beneficially
Owned By Each 5. Sole Voting Power
Reporting Person
With: 128,400
-------------------------------------------------------------
6. Shared Voting Power
0
-------------------------------------------------------------
7. Sole Dispositive Power
128,400
-------------------------------------------------------------
8. Shared Dispositive Power
0
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
128,400
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
Not Applicable
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
2.2%
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP Number 72585Q10
Page 10 of 14
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Reporting Person
Gene T. Aman
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions) (a)[ ]
(b)[x]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
Number of Shares
Beneficially
Owned By Each 5. Sole Voting Power
Reporting Person
With: 2,000
-------------------------------------------------------------
6. Shared Voting Power
0
-------------------------------------------------------------
7. Sole Dispositive Power
2,000
-------------------------------------------------------------
8. Shared Dispositive Power
0
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,000
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
Not Applicable
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
Less than 1%
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP Number 72585Q10
Page 11 of 14
Item 1. Issuer
(a) PJ America, Inc.
(b) 9109 Parkway East, Birmingham, Alabama 35206
Item 2. Persons Filing
(a) 1. A Few Valuable Businesses Partnership
2. Team Partnership
3. Capital Partner Investments Partnership
4. John M. Day
5. Maynard Capital Partners, L.L.C.
6. Investors Management Corporation
7. James Maynard
8. Worthy Companies Partnership
9. Gene T. Aman
With the exception of Gene T. Aman, who is a new member of the reporting
group, the other Reporting Persons have previously filed with the SEC a
copy of an agreement and power of attorney by and among the Reporting
Persons granting John M. Day and Gene T. Aman the power to execute and
file this Amendment No. 1 to Schedule 13G with the SEC on behalf of each
of the Reporting Persons.
The executive officers and directors of Investors Management Corporation are as
follows:
Name Position
James H. Maynard Chairman, President, Chief
Executive Officer, Treasurer and
Director
Gene T. Aman Vice President
Ronald M. Barbee Vice President
John M. Day Vice President
Richard A. Urquhart III Vice President-Finance, and
Secretary
Doris F. Baldwin Assistant Secretary
Robert B. Heyward Assistant Secretary
Mark E. Burling Assistant Secretary
Wayman O. Leftwich, Jr. Director
Paul A. DelaCourt Director
Ira J. Hechler Director
Louis W. Sewell Director
(b) Address of the principal business office of each of the persons
identified in 2(a) above: 5151 Glenwood Avenue, Raleigh, North
Carolina 27612 (except for
<PAGE>
CUSIP Number 72585Q10
Page 12 of 14
Variety Wholesalers, Inc. and John W.
Pope, each of whose principal business address is 3401 Gresham
Lake Road, Raleigh, North Carolina 27615)
(c) See Row (4) on Pages 2-10
(d) Common Stock
(e) Cusip Number 72585Q10
Item 3. Filing Pursuant to Rules 13d-1(b) or 13d-2(b)
Not Applicable
Item 4. Ownership
(a) See Row (9) on Pages 2-10
(b) See Row (11) on Pages 2-10
(c) See Rows (5)-(8) on Pages 2-10
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 Being Reported on By the Parent Holding Company
Not Applicable
Item 8. Identification and Classification of Members of the Group
See Exhibit 1 attached to this filing for identification of each
member of the group filing the original Schedule 13G pursuant to
Rule 13d-1(c) and filing this Amendment No. 1 thereto pursuant to
Rule 13d-2(d).
Item 9. Notice of Dissolution of Group
Not Applicable
Item 10. Certification
(a) Not Applicable
(b) By signing below, the undersigned hereby certify that, to the
best of their knowledge and belief, the securities reported
herein were not
<PAGE>
CUSIP Number 72585Q10
Page 13 of 14
acquired and are not 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 in
connection with or as a participant in any transaction having
such purpose or effect.
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: September 10, 1998
A Few Valuable Businesses Partnership
By: /s/ John M. Day (SEAL)
-----------------------
John M. Day,
Managing Partner
Team Partnership
By: /s/ John M. Day (SEAL)
-----------------------
John M. Day,
Managing Partner
Capital Partner Investments Partnership
By: /s/ John M. Day (SEAL)
-----------------------
John M. Day,
Managing Partner
<PAGE>
CUSIP Number 72585Q10
Page 14 of 14
Maynard Capital Partners, L.L.C.
By: /s/ John M. Day (SEAL)
------------------------
John M. Day,
Managing Partner
Investors Management Corporation
By: /s/ John M. Day (SEAL)
-------------------------
John M. Day
Attorney-in-Fact(1)
/s/ John M. Day (SEAL)
-------------------------
John M. Day
/s/ Gene T. Aman (SEAL)
-------------------------
Gene T. Aman
James Maynard
By: /s/ John M. Day (SEAL)
-------------------------
John M. Day
Attorney-in-Fact(1)
Worthy Companies Partnership
By: /s/ John M. Day (SEAL)
-------------------------
John M. Day,
Managing Partner
- ----------
(1) A power of attorney authorizing Mr. Day to act on behalf of certain of the
Reporting Persons for the purpose of complying with Sections 13(d) and 13(g) of
the Act previously has been filed with the SEC.
<PAGE>
EXHIBIT 1
This Amendment No. 1 to Schedule 13G (the "Amendment") constitutes the
amended filing as a group of certain related parties (the "Reporting Persons")
consisting of: A Few Valuable Businesses Partnership, a North Carolina general
partnership ("AFVBP"); Team Partnership, a North Carolina general partnership
("Team Partnership"); Capital Partner Investments Partnership, a North Carolina
general partnership ("Capital Partner"); John M. Day, a managing partner of Team
Partnership and a co-managing partner of AFVBP; Maynard Capital Partners, L.L.C.
("MCP"), a North Carolina limited liability company and the managing partner of
each of Capital Partners and Worthy Companies Partnership; Investors Management
Corporation, a North Carolina corporation, the other co-manager of AFVBP and
controlling shareholder of MCP ("IMC"); James Maynard, the majority shareholder
of IMC; and Worthy Companies Partnership, a North Carolina general partnership.
Gene T. Aman joins the group as an additional Reporting Person for purposes of
this Amendment. This amendment is filed for the purpose of reporting ownership
of more than 10% of the outstanding Common Stock of PJ America, Inc. by the
Reporting Persons as of September 2, 1998.
