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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. 2)*
PJ AMERICA, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
72585Q10
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(CUSIP Number)
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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)
[ ] Rule 13d-1(c)
[X] 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>
Page 2 of 14
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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 5. Sole Voting Power 180,325
Beneficially 6. Shared Voting Power 0
Owned By Each 7. Sole Dispositive Power 180,325
Reporting Person 8. Shared Dispositive Power 0
With:
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
180,325
- --------------------------------------------------------------------------------
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)
3.1%
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
<PAGE>
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 5. Sole Voting Power 11,081
Beneficially 6. Shared Voting Power 0
Owned By Each 7. Sole Dispositive Power 11,081
Reporting Person 8. Shared Dispositive Power 0
With:
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
11,081
- --------------------------------------------------------------------------------
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)
Less than 1%
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
<PAGE>
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 5. Sole Voting Power 278,400
Beneficially 6. Shared Voting Power 0
Owned By Each 7. Sole Dispositive Power 278,400
Reporting Person 8. Shared Dispositive Power 0
With:
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
278,400
- --------------------------------------------------------------------------------
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)
4.9%
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
<PAGE>
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 5. Sole Voting Power 70,481
Beneficially 6. Shared Voting Power 604,125
Owned By Each 7. Sole Dispositive Power 70,481
Reporting Person 8. Shared Dispositive Power 604,125
With:
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
674,606
- --------------------------------------------------------------------------------
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)
11.8%
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
<PAGE>
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.
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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 5. Sole Voting Power 423,800
Beneficially 6. Shared Voting Power 0
Owned By Each 7. Sole Dispositive Power 423,800
Reporting Person 8. Shared Dispositive Power 0
With:
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
423,800
- --------------------------------------------------------------------------------
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)
7.4%
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12. Type of Reporting Person (See Instructions)
OO
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<PAGE>
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 5. Sole Voting Power 0
Beneficially 6. Shared Voting Power 604,125
Owned By Each 7. Sole Dispositive Power 0
Reporting Person 8. Shared Dispositive Power 604,125
With:
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
604,125
- --------------------------------------------------------------------------------
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%
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12. Type of Reporting Person (See Instructions)
CO
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<PAGE>
Page 8 of 14
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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 5. Sole Voting Power 7,000
Beneficially 6. Shared Voting Power 604,125
Owned By Each 7. Sole Dispositive Power 7,000
Reporting Person 8. Shared Dispositive Power 604,125
With:
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
611,125
- --------------------------------------------------------------------------------
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)
10.7%
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IN
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<PAGE>
Page 9 of 14
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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 5. Sole Voting Power 145,400
Beneficially 6. Shared Voting Power 0
Owned By Each 7. Sole Dispositive Power 145,400
Reporting Person 8. Shared Dispositive Power 0
With:
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
145,400
- --------------------------------------------------------------------------------
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)
2.5%
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12. Type of Reporting Person (See Instructions)
PN
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<PAGE>
Page 10 of 14
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Reporting Person
GENE T. AMAN
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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 5. Sole Voting Power 4,570
Beneficially 6. Shared Voting Power 0
Owned By Each 7. Sole Dispositive Power 4,570
Reporting Person 8. Shared Dispositive Power 0
With:
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
4,570
- --------------------------------------------------------------------------------
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%
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12. Type of Reporting Person (See Instructions)
IN
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<PAGE>
Page 11 of 14
Item 1. Issuer
(a)PJ America, Inc.
(b)2300 Resource Drive, Birmingham, Alabama 35242
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
The 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 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
<PAGE>
Page 12 of 14
(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 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), Amendment No. 1 thereto pursuant to Rule 13d-2(d) and
this Amendment No. 2 pursuant to Rule 13d-2(b).
Item 9. Notice of Dissolution of Group
Not Applicable
Item 10. Certification
(a) Not Applicable
<PAGE>
Page 13 of 14
(b) By signing below, the undersigned hereby certify that, to the
best of their knowledge and belief, the securities reported
herein were not 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: February 16, 1999
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
Maynard Capital Partners, L.L.C.
By: /s/ John M. Day (SEAL)
--------------------------
John M. Day,
Managing Partner
<PAGE>
Page 14 of 14
Investors Management Corporation
By: /s/ John M. Day (SEAL)
--------------------------
John M. Day
Attorney-in-Fact1
/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-Fact1
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.
EXHIBIT 1
This Amendment No. 2 to Schedule 13G constitutes the 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; Worthy Companies
Partnership, a North Carolina general partnership; and Gene T. Aman.
