<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
CD WAREHOUSE, INC.
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(Name of Issuer)
Common Stock, $.01 par value per share
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(Title of Class of Securities)
12512W105
----------------------------------------
(CUSIP Number)
March 8, 1999
-----------------------------------------
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
if filed:
[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] 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).
(Continued on following page(s))
Page 1 of 10 Pages
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SCHEDULE 13G
CUSIP NO. 12512W105 Page 2 of 10 Pages
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1 NAME OF REPORTING PERSON Greenberg-Summit Partners, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
04-3359603
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION - Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 137,700
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON 8 SHARED DISPOSITIVE POWER
WITH 137,700
- ------- =====================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,700
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.88%
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12 TYPE OF REPORTING PERSON*
IA
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SCHEDULE 13G
CUSIP NO. 12512W105 Page 3 of 10 Pages
- ------- =====================================================================
1 NAME OF REPORTING PERSON Greenberg-Summit Management, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
04-3359610
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION - Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 182,500
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON 8 SHARED DISPOSITIVE POWER
WITH 182,500
- ------- =====================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
182,500
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.14%
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12 TYPE OF REPORTING PERSON*
IA
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SCHEDULE 13G
CUSIP NO. 12512W105 Page 4 of 10 Pages
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1 NAME OF REPORTING PERSON Mt. Everest Fund, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
04-3359190
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
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3 SEC USE ONLY
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4
CITIZENSHIP OR PLACE OF ORGANIZATION - Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES 31,900
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 31,900
PERSON 8 SHARED DISPOSITIVE POWER
WITH 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,900
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.90%
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12 TYPE OF REPORTING PERSON*
PN
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SCHEDULE 13G
CUSIP NO. 12512W105 Page 5 of 10 Pages
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1 NAME OF REPORTING PERSON Mt. Everest QP Fund, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
04-3359192
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION - Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES 105,800
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 105,800
PERSON 8 SHARED DISPOSITIVE POWER
WITH 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
105,800
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.98%
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12 TYPE OF REPORTING PERSON*
PN
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SCHEDULE 13G
CUSIP NO. 12512W105 Page 6 of 10 Pages
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1 NAME OF REPORTING PERSON Mt. Everest Fund Limited
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
- ------- =====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION - Bermuda
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NUMBER OF 5 SOLE VOTING POWER
SHARES 44,800
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 44,800
PERSON 8 SHARED DISPOSITIVE POWER
WITH 0
- ------- =====================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
44,800
- ------- =====================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.26%
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12 TYPE OF REPORTING PERSON*
00
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SCHEDULE 13G
CUSIP NO. 12512W105 Page 7 of 10 Pages
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1 NAME OF REPORTING PERSON Lawrence D. Greenberg
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
- ------- =====================================================================
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION - United States
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 182,500
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON 8 SHARED DISPOSITIVE POWER
WITH 182,500
- ------- =====================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
182,500
- ------- =====================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- ------- =====================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.14%
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12 TYPE OF REPORTING PERSON*
IN
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Page 8 of 10 Pages
SCHEDULE 13G
Item 1a. NAME OF ISSUER:
CD Warehouse, Inc.
Item 1b ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1204 Sovereign Row
Oklahoma City, Oklahoma 73108
Item 2a. NAME OF PERSON FILING
Lawrence D. Greenberg, an individual, is managing member of
Greenberg-Summit Partners, L.L.C. and Greenberg-Summit Management, L.L.C., both
Delaware limited liability companies. Greenberg-Summit Partners, L.L.C. is the
General Partner to the Mt. Everest Fund, L.P., and Mt. Everest QP Fund, L.P.,
both Delaware limited partnerships (the "Onshore Funds"). Greenberg-Summit
Management, L.L.C. is the Management Company for the Onshore Funds and the
Investment Manager for Mt. Everest Limited, a Bermuda Limited Liability Company
(the "Offshore Fund"). Lawrence D. Greenberg makes all decisions relating to the
acquisition and disposition of investments by the Onshore Funds and the Offshore
Fund.
Item 2b. ADDRESS OF PRINCIPAL BUSINESS OFFICE:
101 Arch Street, Suite 1930
Boston, MA 02210
Item 2c CITIZENSHIP
Greenberg-Summit Partners, L.L.C.: Delaware
Greenberg-Summit Management, L.L.C.: Delaware
Mt. Everest Fund, L.P.: Delaware
Mt. Everest QP Fund, L.P.: Delaware
Mt. Everest Fund Limited: Bermuda
Lawrence D. Greenberg: United States
Item 2d. TITLE OF CLASS OF SECURITIES
Common Stock, $.01 par value per share
Item 2e. CUSIP NUMBER
12512W105
Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or
(c) check whether the person filing is a: Not applicable
Item 4. OWNERSHIP
4a. AMOUNT BENEFICIALLY OWNED:
Greenberg-Summit Partners, L.L.C.: 137,700 shares
Greenberg-Summit Management, L.L.C.: 182,500 shares
Mt. Everest Fund, L.P.: 31,900 shares
Mt. Everest QP Fund, L.P.: 105,800 shares
Mt. Everest Fund Limited: 44,800 shares
Lawrence D. Greenberg: 182,500 shares
4b. PERCENT OF CLASS:
Greenberg-Summit Partners, L.L.C.: 3.88%
Greenberg-Summit Management, L.L.C.: 5.14%
Mt. Everest Fund, L.P.: .90%
Mt. Everest QP Fund, L.P.: 2.98%
Mt. Everest Fund Limited: 1.26%
Lawrence D. Greenberg: 5.14%
4c. Number of Shares as to which each such person has
(i) Sole power to vote or direct the vote:
Mt. Everest Fund, L.P.: 31,900 shares
Mt. Everest QP Fund, L.P.: 105,800 shares
Mt. Everest Fund Limited: 44,800 shares
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Page 9 of 10 Pages
(ii) Shared power to vote or direct the vote:
Greenberg-Summit Partners, L.L.C.: 137,700 shares
Greenberg-Summit Management, L.L.C.: 182,500 shares
Mt. Everest Fund, L.P.: 0 shares
Mt. Everest QP Fund, L.P.: 0 shares
Mt. Everest Fund Limited: 0 shares
Lawrence D. Greenberg: 182,500 shares
(iii) Sole power to dispose or to direct the disposition of:
Greenberg-Summit Partners, L.L.C.: 137,700 shares
Greenberg-Summit Management, L.L.C.: 182,500 shares
Mt. Everest Fund, L.P.: 0 shares
Mt. Everest QP Fund, L.P.: 0 shares
Mt. Everest Fund Limited: 0 shares
Lawrence D. Greenberg: 182,500 shares
(iv) Shared power to dispose or to direct the disposition of:
Greenberg-Summit Partners, L.L.C.: 137,700 shares
Greenberg-Summit Management, L.L.C.: 182,500 shares
Mt. Everest Fund, L.P.: 0 shares
Mt. Everest QP Fund, L.P.: 0 shares
Mt. Everest Fund Limited: 0 shares
Lawrence D. Greenberg: 182,500 shares
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.
Not applicable
Item 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable
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Page 10 of 10 Pages
Item 10. CERTIFICATION.
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above 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
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
After reasonable inquiry and to the best of our knowledge and belief, each of
the undersigned certifies that the information set forth in this Schedule 13G is
true, complete and correct.
Dated: March 18, 1999
GREENBERG-SUMMIT PARTNERS, L.L.C.
By: Lawrence D. Greenberg, its managing member
/s/ Lawrence D. Greenberg
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Lawrence D. Greenberg
GREENBERG-SUMMIT MANAGEMENT, L.L.C.
By: Lawrence D. Greenberg, its managing member
/s/ Lawrence D. Greenberg
-----------------------------------------------------
Lawrence D. Greenberg
MT. EVEREST FUND, L.P.
By: GREENBERG-SUMMIT PARTNERS, L.L.C.,
its General Partner
By: Lawrence D. Greenberg, its managing member
/s/ Lawrence D. Greenberg
-----------------------------------------------------
Lawrence D. Greenberg
MT. EVEREST QP FUND, L.P.
By: GREENBERG-SUMMIT PARTNERS, L.L.C.,
its General Partner
By: Lawrence D. Greenberg, its managing member
/s/ Lawrence D. Greenberg
-----------------------------------------------------
Lawrence D. Greenberg
MT. EVEREST FUND LIMITED
By: STEPHEN WOODSUM, Director/Vice President
/s/ Stephen G. Woodsum
-----------------------------------------------------
Stephen G. Woodsum
/s/ Lawrence D. Greenberg
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Lawrence D. Greenberg, individually
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Exhibit
In accordance with Rule 13d-1(k) promulgated under the Securities Exchange
Act of 1934, the undersigned agree to the joint filing of a Statement on
Schedule 13G (including any and all amendments thereto) with respect to the
shares of Common Stock, $.01 par value per share, of CD Warehouse, Inc., and
further agree that this Joint Filing Agreement be included as an Exhibit
thereto. In addition, each party to this Agreement expressly authorizes each
other party to this Agreement to file on its behalf any and all amendments to
such Statement.
Dated: March 18, 1999
GREENBERG-SUMMIT PARTNERS, L.L.C.
By: Lawrence D. Greenberg, its managing member
/s/ Lawrence D. Greenberg
-----------------------------------------------------
Lawrence D. Greenberg
GREENBERG-SUMMIT MANAGEMENT, L.L.C.
By: Lawrence D. Greenberg, its managing member
/s/ Lawrence D. Greenberg
-----------------------------------------------------
Lawrence D. Greenberg
MT. EVEREST FUND, L.P.
By: GREENBERG-SUMMIT PARTNERS, L.L.C.,
its General Partner
By: Lawrence D. Greenberg, its managing member
/s/ Lawrence D. Greenberg
-----------------------------------------------------
Lawrence D. Greenberg
MT. EVEREST QP FUND, L.P.
By: GREENBERG-SUMMIT PARTNERS, L.L.C.,
its General Partner
By: Lawrence D. Greenberg, its managing member
/s/ Lawrence D. Greenberg
-----------------------------------------------------
Lawrence D. Greenberg
MT. EVEREST FUND LIMITED
By: STEPHEN WOODSUM, Director/Vice President
/s/ Stephen G. Woodsum
-----------------------------------------------------
Stephen G. Woodsum
/s/ Lawrence D. Greenberg
-----------------------------------------------------
Lawrence D. Greenberg, individually
