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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)*
OLYMPIC CASCADE FINANCIAL CORPORATION
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(Name of Issuer)
Common Shares, $0.02 par value per share
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(Title of Class of Securities)
68158N106
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(CUSIP Number)
Steven J. Insel, Esq., c/o Jeffer, Mangels, Butler & Marmaro LLP
2121 Avenue of the Stars, 10th Floor, Los Angeles, CA 90067-5010, (310) 203-8080
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
September 4, 2000
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(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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(d) for other
parties to whom copies are to be sent.
*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).
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SCHEDULE 13D
CUSIP No. 68158N106
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
POCATALICO, LLC
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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
WC
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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
WEST VIRGINIA
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7 SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 107,000
EACH --------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 0
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10 SHARED DISPOSITIVE POWER
107,000
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
107,000
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12 CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
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14 TYPE OF REPORTING PERSON
OO
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SCHEDULE 13D
CUSIP No. 68158N106
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
PHILLIP RODNEY JACKSON
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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
WC
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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
UNITED STATES
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7 SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 107,000
EACH --------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
107,000
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
107,000
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12 CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
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14 TYPE OF REPORTING PERSON
IN
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ITEM 1. SECURITY AND ISSUER.
This Schedule 13D relates to the Common Stock, par value $0.02 per share
(the "Common Stock"), of Olympic Cascade Financial Corporation, a Delaware
corporation (the "Issuer"). The principal executive offices of the Issuer are
located at 875 N. Michigan Ave., Chicago, Illinois 60611.
ITEM 2. IDENTITY AND BACKGROUND.
The persons filing this statement and the persons enumerated in Instruction C of
Schedule 13D and, where applicable, their respective places of organization or
citizenship, member, manager and controlling person and the information
regarding them are the following:
(a) Pocatalico, LLC, a West Virginia limited liability company
("Pocatalico"). The sole member and manager of Pocatalico is Phillip Rodney
Jackson, an individual ("Jackson").
(b) Pocatalico's and Jackson's business address is 707 Virginia Street,
East, Suite #1700, Charleston, West Virginia 25301.
(c) Pocatalico's and Jackson's principal business is making investments.
(d) During the last five years, neither Pocatalico nor Jackson has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, neither Pocatalico nor Jackson was a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, Federal or state securities laws or finding any
violation with respect to such laws.
(f) Jackson is a citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The consideration for the purchase of the shares of Common Stock by
Pocatalico was the working capital of Pocatalico. All shares purchased by
Pocatalico are being held in the name of Pocatalico.
ITEM 4. PURPOSE OF THE TRANSACTION.
Pocatalico acquired the shares for investment purposes. Pocatalico
intends to gather additional information and determine a further course of
action, which may include a proxy solicitation or acquiring additional shares,
in order to preserve and increase shareholder value.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The responses of Pocatalico and Jackson to Rows (11) through (13) of
the cover pages of this statement on Schedule 13D are incorporated herein by
reference. As of the date hereof, Pocatalico beneficially owns 107,000 shares of
Common Stock, or approximately 5.1% of the shares of Common Stock outstanding.
This percentage is based on 2,096,113 shares of Common Stock outstanding as
contained in the most recently available filing with the Securities and Exchange
Commission by the Issuer.
(b) The responses of the Reporting Persons to Rows (7) through (10) of
the cover pages of this statement on Schedule 13D are incorporated herein by
reference.
(c) The only transaction in the shares of Common Stock that was effected
by either Pocatalico or Jackson during the past 60 days is the acquisition by
Pocatalico of 25,000 shares of Common Stock at $8.50 per share pursuant to a
private placement transaction through Whale Securities Co., L.P., completed on
September 4, 2000.
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(d) No other person known to either Pocatalico or Jackson has the right
to receive or the power to direct receipt of dividends from, or the proceeds
from the sale of such securities.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
Neither Pocatalico nor Jackson has any written contracts, arrangements,
understandings or relations (legal or otherwise) with any person with respect to
the Common Stock.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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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: September 12, 2000
POCATALICO, LLC,
a West Virginia limited liability company
By: /s/ P. Rodney Jackson
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P. Rodney Jackson, Manager
/s/ P. Rodney Jackson
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P. Rodney Jackson
