SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 1)
IMRGLOBAL CORP.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
45675E 10 8
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(CUSIP Number)
John R. Fallon, Jr., Esq.
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
125 West 55th Street
New York, New York 10019
(212) 424-8279
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 15, 2000
------------------------------------
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [_].
(Page 1 of 8)
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CUSIP No. 45675E 10 8 SCHEDULE 13D Page 2 of 8
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1 NAME OF REPORTING PERSON
Bridge East Capital, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
98-0204614
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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7 SOLE VOTING POWER
630,000
NUMBER OF --------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY --------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 630,000
PERSON --------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
630,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7%
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14 TYPE OF REPORTING PERSON
PN
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CUSIP No. 45675E 10 8 SCHEDULE 13D Page 3 of 8
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1 NAME OF REPORTING PERSON
BV-IT Global LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
54-1962720
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
1,866,667
NUMBER OF --------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY --------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,866,667
PERSON --------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,866,667
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0%
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14 TYPE OF REPORTING PERSON
OO
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This Amendment No. 1 ("Amendment No. 1") to the Schedule 13D originally
filed jointly on behalf of Bridge East Capital, L.P., a Cayman Islands limited
partnership ("Bridge East") and BV-IT Global LLC, a Delaware limited liability
company ("BV-IT"), with respect to the Common Stock, par value $.10 per share
("IMR Common Stock"), of IMRglobal Corp., a Florida corporation (the "Issuer").
The address of the principal executive offices of the Issuer is 100 South
Missouri Avenue, Clearwater, Florida 33756. This Amendment No. 1 is being filed
to reflect certain changes to Items 4 and 5.
Item 4. Purpose of Transaction
Item 4 is hereby amended by adding the following paragraph:
From March 13, 2000 through March 15, 2000, Bridge East disposed of 170,000
shares of IMR Common Stock at an average price of $15.90 per share.
Item 5. Interest in Securities of the Issuer
Item 5 is hereby amended and restated as follows:
(a) As of the date hereof, Bridge East beneficially owns 630,000 shares of
IMR Common Stock. This position represents 1.7% of all of the IMR Common Stock
outstanding as of December 31, 1999, as reported in the Issuer's Form S-3/A
filed on February 2, 2002.
As of the date hereof, BV-IT beneficially owns 1,866,667 shares of IMR
Common Stock. This position represents 5.0% of all of the IMR Common Stock
outstanding as of December 31, 1999, as reported in the Issuer's Form S-3/A
filed on February 2, 2002.
Except as disclosed in this Item 5(a), neither Bridge East nor, to the best
of its knowledge, any of the persons listed in Appendix A, beneficially owns any
shares of IMR Common Stock.
Except as disclosed in this Item 5(a), neither BV-IT nor, to the best of
its knowledge, any of the persons listed in Appendix A, beneficially owns any
shares of IMR Common Stock.
(b) The responses of Bridge East and BV-IT to (i) Rows (7) through (10) of
the cover pages of this Schedule 13D and (ii) Item 5(a) hereof are incorporated
herein by reference.
Except as disclosed in this Item 5(b), neither Bridge East nor, to the best
of its knowledge, any of the persons listed in Appendix A, presently has the
power to vote or to direct
Page 4
<PAGE>
the vote or to dispose or direct the disposition of any of the shares of IMR
Common Stock which it may be deemed to beneficially own.
Except as disclosed in this Item 5(b), neither BV-IT nor, to the best of
its knowledge, any of the persons listed in Appendix A, presently has the power
to vote or to direct the vote or to dispose or direct the disposition of any of
the shares of IMR Common Stock which it may be deemed to beneficially own.
(c) No shares of IMR Common Stock have been purchased or otherwise acquired
by Bridge East or, to the best of its knowledge, any of the persons listed in
Appendix A, during the past 60 days, other than as described herein.
No shares of IMR Common Stock have been purchased or otherwise acquired by
BV-IT or, to the best of its knowledge, any of the persons listed in Appendix A,
during the past 60 days, other than as described herein.
(d) Not applicable.
(e) Not applicable.
Page 5
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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.
Dated: March 22, 2000
BRIDGE EAST CAPITAL, L.P.
By: Bridge East Partners, LDC,
its General Partner
By: /s/ John P. Oswald
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Name: John P. Oswald
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Title: Director
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BV-IT GLOBAL LLC
By: /s/ Alex Vahabzadeh
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Name: Alex Vahabzadeh
---------------------------------
Title: Managing Member
---------------------------------
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Appendix A
The managing member of BV-IT is Alex Vahabzadeh. His business address is
c/o BV Investment Management LLC, 8065 Leesburg Pike, Suite 140, Vienna,
Virginia 22182. His principal occupation is a merchant banker.
The general partner of Bridge East is Bridge East Partners LDC ("Bridge
East LDC"), a Cayman Islands limited duration company. The limited partner of
Bridge East is BEC Holdings Cayman LDC ("BEC LDC"), a Cayman Islands limited
duration company. Bridge East LDC and BEC LDC are principally engaged in making
and holding investments in domestic and foreign businesses. Their principal
businesses and offices are located at c/o W.S. Walker & Co., Caledonian House,
Mary Street, Georgetown, Grand Cayman, Cayman Islands, BWI.
The following table sets forth information concerning the directors and
officers of Bridge East LDC:
Name Principal Occupation Business Address
---- -------------------- ----------------
Bassam Aburdene - Merchant Banker 49 Mount Street
Director London, England
President
John P. Oswald - Merchant Banker c/o Bridge East Management, LLC
Director 575 Fifth Avenue
Secretary New York, New York 10017
Alex Vahabzadeh - Merchant Banker c/o BV Investment Management LLC
Director 8065 Leesburg Pike, Suite 140
Vienna, Virginia 22182
Kamal Bahamdan - Merchant Banker c/o BV Capital LLC
Director 306 Dartmouth Street
Boston, Massachusetts 02116
The following table sets forth information concerning the directors and
officers of BEC LDC:
Name Principal Occupation Business Address
---- -------------------- ----------------
Bassam Aburdene - Merchant Banker 49 Mount Street
Director London, England
President
John P. Oswald - Merchant Banker c/o Bridge East Management, LLC
Director 575 Fifth Avenue
Secretary New York, New York 10017
Page A-1
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Name Principal Occupation Business Address
---- -------------------- ----------------
Alex Vahabzadeh - Merchant Banker c/o BV Investment Management LLC
Director 8065 Leesburg Pike, Suite 140
Vienna, Virginia 22182
Kamal Bahamdan - Merchant Banker c/o BV Capital LLC
Director 306 Dartmouth Street
Boston, Massachusetts 02116
Page A-2
