SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Newmark Homes Corp.
-------------------------------------------
(Name of Issuer)
Common Stock
-------------------------------------------
(Title of Class of Securities)
651578106
------------------
(CUSIP Number)
Cathryn L. Porter, Chief General Counsel
Pacific USA Holdings Corp.
3200 Southwest Freeway, Suite 1220
Houston, Texas 77027 (713) 871-0111
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 10, 1999
------------------------------------------------------------
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(e), Rule 13d-1(f), or Rule 13d-1(g), check the
following box. [X]
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) 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).
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
COMMON STOCK CUSIP No. 651578106
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Pacific USA Holdings Corp.
IRS Identification No. 75-2255876
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 9,200,000 shares of Common Stock
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH 0
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,200,000 shares of Common Stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 9,200,000 shares of Common Stock
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
80%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
2
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
COMMON STOCK CUSIP No. 651578106
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Pacific Electric Wire & Cable Co., Ltd.
IRS Identification No. -- N/A -- Foreign Corporation
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Taiwan, Republic of China
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 9,200,000 shares of Common Stock
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH 0
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,200,000 shares of Common Stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 9,200,000 shares of Common Stock
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
80%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
3
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
COMMON STOCK CUSIP No. 651578106
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Pacific Realty Group, Inc.
IRS Identification No. 75-2495235
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 9,200,000 shares of Common Stock
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH 0
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,200,000 shares of Common Stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 9,200,000 shares of Common Stock
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
80%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
4
<PAGE>
ITEM 1. SECURITY AND ISSUER
The name of Issuer is Newmark Homes Corp. The Issuer's principal executive
offices are at 1200 Soldiers Field Drive, Sugar Land, Texas 77479. This report
relates to the Issuer's common stock, $.01 par value ("Common Stock").
ITEM 2. IDENTITY AND BACKGROUND
(a) Name. The names of Reporting Person filing this report are as
follows: Pacific Electric Wire & Cable Co., Ltd., a Taiwanese company ("Pacific
Electric"), Pacific USA Holdings Corp., a Texas corporation ("Pacific"), and
Pacific Realty Group, a Nevada corporation ("PRG"). PRG is a wholly owned
subsidiary of Pacific, which is a wholly owned subsidiary of Pacific Electric.
(b) Business Address. The address of the principal business offices
for the Reporting Person are as follows: (i) Pacific Electric Wire & Cable Co.,
Ltd.,c/o Pacific USA Holdings Corp., 2740 West Dallas Parkway, Suite 200, Plano,
Texas 75093, (ii) Pacific USA Holdings Corp., 2740 West Dallas Parkway, Suite
200, Plano, Texas 75093, and (iii) Pacific Realty Group, Inc., c/o Pacific USA
Holdings Corp., 2740 West Dallas Parkway, Suite 200, Plano, Texas 75093.
(c) Present Principal Occupation or Employment: Pacific is a
diversified holding company engaged in the financial services, real estate and
technology industries. Pacific Electric is a general business conglomerate
founded on the electric cable and wire industry, engaged in manufacturing,
telecommunications and technology. PRG is holding company engaged in the real
estate industry. The present principal occupation or employment of Pacific's,
Pacific Electric's and PRG's respective executive officers and directors and the
name and address of any corporation or other organizations in which such
employment is conducted are as follows:
<TABLE>
<CAPTION>
Board of Directors of Pacific
-----------------------------
<S> <C> <C> <C>
Present Principal
Name . . . . . . Business Address Occupation Citizenship
- ---------------- --------------------------------------- --------------------------- -------------
Tung Yu-jeh Pacific Electric Wire & Cable Co., Ltd. Chairman of the Board Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Sun Tao-tsun Pacific Electric Wire & Cable Co., Ltd. President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Hu Hung-chiu Pacific Electric Wire & Cable Co., Ltd. Executive Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, and Chief Financial Officer
Section 4 Pacific Electric Wire &
Taipei , Taiwan, Republic of China Cable Co., Ltd.
Lee Pon-yean Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Tung Ching-yun c/o Pacific USA Holdings Corp Vice President, Pacific Taiwan, ROC
2740 North Dallas Parkway, Suite 200 Electric Wire & Cable Co.,
Dallas, Texas 75093 Ltd., and Vice President
Pacific USA Holdings
Corp.
5
<PAGE>
Larry D c/o Pacific USA Holdings Corp Chief Executive Officer United States
Horner 2740 North Dallas Parkway, Suite 200 PUSA Investment
Dallas, Texas 75093 Company
Bill C. Bradley c/o Pacific USA Holdings Corp Chief Executive Officer United States
2740 North Dallas Parkway, Suite 200 Pacific USA Holdings
Dallas, Texas 75093 Corp.
Board of Directors of Pacific Electric
--------------------------------------
Present Principal
Name Business Address Occupation Citizenship
- ---------------- --------------------------------------- --------------------------- -------------
Tung Yu-jeh c/o Pacific USA Holdings Corp Chairman of the Board Taiwan, ROC
2740 North Dallas Parkway, Suite 200 Pacific Electric Wire &
Dallas, Texas 75093 Cable Co., Ltd.
Lee Yu-tien Pacific Electric Wire & Cable Co., Ltd. Vice Board Chairman Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Sun Chen Shu- Pacific Electric Wire & Cable Co., Ltd. Executive Director Taiwan, ROC
chuan 4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Cheng I-chou Pacific Electric Wire & Cable Co., Ltd. Executive Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Chiao Ting-piao Pacific Electric Wire & Cable Co., Ltd. Executive Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Sun Tao-tsun Pacific Electric Wire & Cable Co., Ltd. President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Hu Hung-chiu Pacific Electric Wire & Cable Co., Ltd. Executive Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, and Chief Financial Officer
Section 4 Pacific Electric Wire &
Taipei, Taiwan, Republic of China Cable Co., Ltd.
Lee Chao-chun Pacific Electric Wire & Cable Co., Ltd. Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Lee Pon-yean Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
6
<PAGE>
Liu Wei-kang Pacific Electric Wire & Cable Co., Ltd. Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Tung Ching-yun c/o Pacific USA Holdings Corp Vice President Taiwan, ROC
2740 North Dallas Parkway, Suite 200 Pacific USA
Dallas, Texas 75093 Holdings Corp.
Lee Ta-jen Pacific Electric Wire & Cable Co., Ltd. Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Chiao Yu-chi Pacific Electric Wire & Cable Co., Ltd. Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Sun Tao-chi Pacific Electric Wire & Cable Co., Ltd. Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Lee Ta-cheng Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Cheng Chao- Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
Chun 4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Sun Tao-heng Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
4th Ft., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Yuan Pei-yu Pacific Electric Wire & Cable Co., Ltd. President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Systems, Inc.
Section 4
Taipei, Taiwan, Republic of China
Asao Ito c/o Pacific Electric Wire & Cable Co., Sumitomo Electric Ind., Japan
4th Fl, 285, Chung Hsiao East Road, Ltd: c/o Pacific Electric
Section 4 Wire & Cable Co., Ltd.
Taipei, Taiwan, Republic of China 4th Fl., 285, Chung Hsiao
East Road, Section 4
Taipei, Taiwan, Republic
of China.
Kuo Chih-Wei United Electronics Industry Co., Ltd. President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, United Electronics Industry
Section 4 Co., Ltd.
Taipei, Taiwan, Republic of China
7
<PAGE>
Chang-Min- Pacific Electric Wire & Cable Co., Ltd. Chairman Taiwan, ROC
chiang 4th Fl., 285, Chung Hsiao East Road, Greenbay Entertainment
Section 4 Co., Ltd.
Taipei, Taiwan, Republic of China
Tony Yuan Pacific Electric Wire & Cable Co., Ltd. Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Tung Hsiu-chun Pacific Electric Wire & Cable Co., Ltd. Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Kao Ching-chu Pacific Electric Wire & Cable Co., Ltd. Supervisor Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Chin Yung Pacific Electric Wire & Cable Co., Ltd. Supervisor Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Tung Hsiu-shing Pacific Electric Wire & Cable Co., Ltd. Supervisor Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Board of Directors of PRG
-------------------------
Present Principal
Name Business Address Occupation Citizenship
- ---------------- --------------------------------------- --------------------------- -------------
Tung Yu-jeh Pacific Electric Wire & Cable Co., Ltd. Chairman of the Board Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Sun Tao-tsun Pacific Electric Wire & Cable Co., Ltd. President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Hu Hung-chiu Pacific Electric Wire & Cable Co., Ltd. Executive Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, and Chief Financial Officer
Section 4 Pacific Electric Wire &
Taipei, Taiwan, Republic of China Cable Co., Ltd.
Lee Pon-yean Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Bill C. Bradley c/o Pacific USA Holdings Corp Chief Executive Officer United States
2740 North Dallas Parkway, Suite 200 Pacific USA Holdings
Dallas, Texas 75093 Corp.
Larry D. Horner c/o Pacific USA Holdings Corp Chief Executive Officer United States
2740 North Dallas Parkway, Suite 200 PULSA Investment Company
Dallas, Texas 75093
Michael K. c/o Pacific USA Holdings Corp Chief Financial Officer United States
McCraw 2740 North Dallas Parkway, Suite 200 Pacific USA Holdings
Dallas, Texas 75093 Corp.
Executive Officers of Pacific
-----------------------------
Present Principal
Name Business Address Occupation Citizenship
- ---------------- --------------------------------------- --------------------------- -------------
Larry D. Horner c/o Pacific USA Holdings Corp. Chairman of the Board of United States
2740 North Dallas Parkway, Suite 200 Pacific USA Holdings
Dallas, Texas 75093 Corp., CEO of PUSA Invest-
ment Company
Bill C. Bradley c/o Pacific USA Holdings Corp. Chief Executive Officer United States
2740 North Dallas Parkway, Suite 200 Pacific USA Holdings
Dallas, Texas 75093 Corp.
8
<PAGE>
Michael K. c/o Pacific USA Holdings Corp. Chief Financial Officer United States
McCraw 2740 North Dallas Parkway, Suite 200 Pacific USA Holdings
Dallas, Texas 75093 Corp.
Cathryn L. c/o Pacific USA Holdings Corp. Chief General Counsel United States
Porter 3200 Southwest Freeway Pacific USA Holdings
Suite 1220 Corp.
Houston, Texas 77027
Kristie A. Lipes c/o Pacific USA Holdings Corp. Chief Administrative United States
2740 North Dallas Parkway, Suite 200 Officer
Dallas, Texas 75093 Pacific USA Holdings
Corp.
John Sloan c/o Pacific USA Holdings Corp. Chief Operating United States
2740 North Dallas Parkway, Suite 200 Officer
Dallas, Texas 75093 Pacific USA Holdings
Corp.
Executive Officers of Pacific Electric
--------------------------------------
Present Principal
Name Business Address Occupation Citizenship
- ---------------- --------------------------------------- --------------------------- -------------
Tung Yu-jeh Pacific Electric Wire & Cable Co., Ltd. Chairman Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Sun Tao-tsun Pacific Electric Wire & Cable Co., Ltd. President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Hu Hung-chiu Pacific Electric Wire & Cable Co., Ltd. Executive Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, and Chief Financial Officer
Section 4 Pacific Electric Wire &
Taipei, Taiwan, Republic of China Cable Co., Ltd.
Sun Tao-heng Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Lee Pon-yean Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Lee Ta-cheng Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Cheng Chao- Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
chun 4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
9
<PAGE>
Tung Ching-yun c/o Pacific USA Holdings Corp Vice President Taiwan, ROC
2740 North Dallas Parkway, Suite 200 Pacific Electric Wire &
Dallas, Texas 75093 Cable Co., Ltd.,
Vice President
Pacific USA
Holdings Corp.
Executive Officers of PRG
-------------------------
Present Principal
Name Business Address Occupation Citizenship
- ---------------- --------------------------------------- --------------------------- -------------
Tung Yu-jeh Pacific Electric Wire & Cable Co., Ltd. Chairman of the Board Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Bill C. Bradley c/o Pacific USA Holdings Corp Chief Executive Officer United States
2740 North Dallas Parkway, Suite 200 Pacific USA Holdings
Dallas, Texas 75093 Corp.
Michael K. c/o Pacific USA Holdings Corp Chief Financial Officer United States
McCraw 2740 North Dallas Parkway, Suite 200 Pacific USA Holdings
Dallas, Texas 75093 Corp.
Tommy McAden c/o Pacific USA Holdings Corp Chief Accounting Officer United States
2740 North Dallas Parkway, Suite 200 Pacific USA Holdings
Dallas, Texas 75093 Corp.
</TABLE>
(d) Criminal Convictions: During the last five years, neither
Reporting Person nor any of the respective executive officers or directors has
been convicted in a criminal proceeding, excluding traffic violations and
similar misdemeanors.
(e) Court or Administrative Proceedings: During the last five years,
neither Reporting Person nor any of the respective executive officers or
directors has been a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction as a result of which any of them were or are
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.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Pacific through its wholly owned subsidiary PRG initially formed the Issuer
in December 1994, at which time PRG contributed to Issuer all of its interests
in Newmark Homes Corporation ("Newmark"), which was originally formed in
Houston, Texas, in 1983. Pacific through PRG acquired Newmark on October 1,
1993, using working capital funds. In March 1998, Pacific through a
registration statement filed under the Securities Act of 1933, as amended, sold
20% of the Issuer's Common Stock to the public. As a result, Pacific through
PRG retained 80% of the Issuer's Common Stock. The shares of Common Stock which
are the subject of this report were never part of a reportable purchase
transaction.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Person has held its shares of the Common Stock of Issuer as
ownership in a subsidiary. On August 10, 1999, the Reporting Person changed the
intent of its ownership of the Issuer from holding the Common Stock as a
subsidiary to looking to increase liquidity in the Common Stock. The Reporting
Person has become engaged in preliminary discussions with potential purchasers
of all or a portion of its ownership in the Issuer. Presently, the Reporting
Person beneficially owns 80% of the issued and outstanding Common Stock of the
Issuer. Any sale by the Reporting Person more likely than not will result in a
change of control of the Issuer. At the present time the Reporting Person:
(a) Does not plan to acquire any additional shares of Common Stock of
the Issuer.
(b) Does plan to sell all or a portion of its ownership in the shares
of Common Stock of the Issuer in a transaction that more likely than not will
result in a change in control of the Issuer.
(c) Does not plan on selling any assets of the Issuer.
10
<PAGE>
(d) Does not plan on causing a change in the Issuer's present board of
directors or management, but the Reporting Person does not control the actions
of the any proposed purchaser. Any purchaser of the Reporting Person's
controlling shares of the Issuer's Common Stock will have the ability to
cause a change in the Issuer's present board of directors and management.
(e) Does not plan to change the Issuer's current dividend policy.
However, upon any sale of the Reporting Person's shares of the Issuer's Common
Stock that represents a change of control of the Issuer, any purchaser will have
the ability to change the Issuer's current dividend policy.
(f) Does not plan any change in the Issuer's corporate structure or
investment policy other than the previously disclosed plan to sell all or a
portion of its shares of the Issuer's Common Stock. However, upon any sale of
the Reporting Person's shares of the Issuer's Common Stock that represents a
change of control of the Issuer, any purchaser will have the ability to change
the Issuer's corporate structure or investment policy.
(g) Does not plan to change the Issuer's charter or bylaws or impede
the acquisition of control by any person. As disclosed in this report, the
Reporting Person plans to sell all or a portion of its shares of the Issuer's
Common Stock which more likely than not will represent a change of control of
the Issuer.
(h) Does not plan to cause a class of securities of the Issuer to cease
to be quoted on an inter-dealer quotation system of a registered national
securities association. However, upon any sale of the Reporting Person's shares
of the Issuer's Common Stock that represents a change of control of the Issuer,
any purchaser will have the ability to cause the Issuer to go private and cease
to be quoted on an inter-dealer quotation system of a registered national
securities association.
(i) Does not plan to cause a class of equity securities of the Issuer
to become eligible for termination of registration pursuant to Section 12(g)(4)
of the Securities Exchange Act of 1934, as amended. However upon any sale of
the Reporting Person's shares of the Issuer's Common Stock that represents a
change of control of the Issuer, any purchaser may have the ability to cause the
Issuer to file a termination of registration under Section 12(g)(4) of the
Securities Exchange Act of 1934, as amended.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Amount beneficially owned: 9,200,000 shares*
Percent of class: 80%
(b) Number of shares to which the Reporting Person has:
(i) Sole power to vote or to direct the vote: 0 shares
(ii) Shared power to vote or to direct the vote: 9,200,000 shares
(iii) Sole power to dispose or to direct the disposition of: 0
shares
(iv) Shared power to dispose or to direct the disposition of:
9,200,000 shares
(c) The Reporting Person has not effected any transaction with regard
the Issuer's Common Stock in the past 60 days.
(d) The Reporting Person knows of no other person that has the right to
receive or power to direct the receipt of dividends or proceeds from the sale of
the Reporting Person's Common Stock.
*Pacific Realty Group, Inc., directly owns the 9,200,000 shares of the issuer's
Common Stock. Pacific Realty Group, Inc., is a wholly owned subsidiary of
Pacific USA Holdings Corp., which is a wholly owned subsidiary of Pacific
Electric Wire & Cable Co., Ltd.
11
<PAGE>
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 99.1. Joint Filing Agreement
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: August 19, 1999
Pacific USA Holdings Corp.
By: /s/ Bill C. Bradley
----------------------
Bill C. Bradley,
Chief Executive Officer
Pacific Electric Wire & Cable Co., Ltd.
By: /s/ Tung Ching-yun
--------------------
Tung Ching-yun,
Vice President
Pacific Realty Group, Inc.
By: /s/ Michael C. McCraw
--------------------------------
Michael C. McCraw,
Chairman
12
<PAGE>
EXHIBIT 99.1
JOINT FILING AGREEMENT
----------------------
The undersigned hereby agree that they are filing this statement jointly
pursuant to Rule 13d-1(f)(1). Each of them is responsible for the timely filing
of such Schedule 13D and any amendments thereto, and for the completeness and
accuracy of the information concerning such person contained therein; but none
of them is responsible for the completeness or accuracy of the information
concerning the other persons making the filing, unless such person knows or has
reason to believe that such information is inaccurate.
Dated: August 19, 1999
Pacific USA Holdings Corp.
By: /s/ Bill C. Bradley
----------------------
Bill C. Bradley,
Chief Executive Officer
Pacific Electric Wire & Cable Co., Ltd.
By: /s/ Tung Ching-yun
--------------------
Tung Ching-yun,
Vice President
Pacific Realty Group, Inc.
By: /s/ Michael C. McCraw
---------------------------
Michael C. McCraw,
Chairman
13
<PAGE>
