<PAGE>
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)*
Founders Food & Firkins Ltd.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
350551 10 7
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(CUSIP Number)
Steven J. Wagenheim
5831 Cedar Lake Road
St. Louis Park, Minnesota 55416
(612) 525-2670
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 12, 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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 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(b) 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).
(Continued on following pages)
Page 1 of 17 Pages
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CUSIP No. 350551 10 7 13D Page 2 of 17 Pages
---------------
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BREWING VENTURES LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC, OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
MINNESOTA
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7 SOLE VOTING POWER
NUMBER OF 1,662,500
SHARES
BENEFICIALLY ------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON
WITH ------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,662,500
------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,662,500
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
43.7%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 350551 10 7 13D Page 3 of 17 Pages
---------------
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WILLIAM E. BURDICK
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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 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 25,000
SHARES
BENEFICIALLY ------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 1,662,500
PERSON
WITH ------------------------------------------------------
9 SOLE DISPOSITIVE POWER
25,000
------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,662,500
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,687,500
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
44.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 350551 10 7 13D Page 4 of 17 Pages
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------------------------- ---------------------------
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
STEVEN J. WAGENHEIM
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES
BENEFICIALLY ------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 1,785,230
PERSON
WITH ------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,785,230
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,785,230
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.9%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 350551 10 7 13D Page 5 of 17 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MITCHEL I. WACHMAN
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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 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
UNITED STATES
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES
BENEFICIALLY ------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 1,785,230
PERSON
WITH ------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,785,230
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,785,230
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.9%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 350551 10 7 13D Page 6 of 17 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ARTHUR E. PEW III
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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 SOURCE OF FUNDS*
PF
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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 111,970
SHARES
BENEFICIALLY ------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 1,662,500
PERSON
WITH ------------------------------------------------------
9 SOLE DISPOSITIVE POWER
111,970
------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,662,500
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,774,470
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.6%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Brewing Ventures LLC (the "Reporting Person") hereby amends its
statement on Schedule 13D (the "Schedule 13D") originally filed with the SEC on
June 6, 2000, with respect to its beneficial ownership of shares of common
stock, par value $0.01 per share ("Common Stock"), of Founders Food & Firkins
Ltd., a Minnesota corporation ("Founders"). Items 3, 5, 6 and 7 of the Schedule
13D are hereby amended as follows:
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
On June 12, 2000, Founders issued 1,000,000 units to the underwriter of
its initial public offering. Each unit consists of one share of Common Stock and
one redeemable Class A Warrant. Each Class A Warrant becomes exercisable and may
be transferred separately from the Common Stock commencing August 5, 2001. Each
Class A Warrant entitles the holder to purchase, at any time until June 6, 2005,
one share of Common Stock at an exercise price of $5.00 per share, subject to
adjustment. Founders may redeem the Class A Warrants for $0.01 per warrant at
any time once they become exercisable, on 20 days written notice, provided that
the closing bid price of the Common Stock exceeds $6.25 per share, subject to
adjustment, for any 45 consecutive trading days prior to such notice.
Each of the persons named on Schedule I has indirect beneficial
ownership over certain units purchased in the initial public offering as
follows:
<TABLE>
<CAPTION>
NAME CONSIDERATION PAID UNITS PURCHASED SOURCE OF FUNDS
--------------------------- ------------------ --------------- ---------------
<S> <C> <C> <C>
Sherlock's Home (1) $103,125.00 25,000 Working Capital
New Brighton Ventures, Inc. (2) $506,261.25 122,730 Loan (3)
Arthur E. Pew III $400,001.25 96,970 Personal Funds
</TABLE>
--------------------
(1) This entity is 100% owned by William E. Burdick.
(2) This entity is 70% owned by Steven J. Wagenheim and 30% owned by
Mitchel I. Wachman.
(3) Represents funds borrowed by New Brighton Ventures, Inc. ("NBV") from
Arthur E. Pew III.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of the date hereof, the Reporting Person beneficially owned
1,662,500 shares of Common Stock, representing 43.7% of the
class. As of the date hereof, William E. Burdick beneficially
owned 1,687,500 shares of Common Stock, representing 44.3% of
the class. Such number
Page 7 of 17 Pages
<PAGE>
consists of 25,000 shares owned by Sherlock's Home, an entity
owned by Mr. Burdick, and 1,662,500 shares owned by the
Reporting Person. As of the date hereof, Steven J. Wagenheim
beneficially owned 1,785,230 shares of Common Stock,
representing 46.9% of the class. Such number consists of
122,730 shares owned by NBV, an entity 70% owned by Mr.
Wagenheim, and 1,662,500 shares owned by the Reporting Person.
As of the date hereof, Mitchel I. Wachman beneficially owned
1,785,230 shares of Common Stock, representing 46.9% of the
class. Such number consists of 122,730 shares owned by NBV, an
entity 30% owned by Mr. Wachman, and 1,662,500 shares owned by
the Reporting Person. As of the date hereof, Arthur E. Pew III
beneficially owned 1,774,470 shares of Common Stock,
representing 46.6% of the class. Such number consists of
15,000 shares purchasable pursuant to the exercise of options,
96,970 shares owned directly by Mr. Pew and 1,662,500 shares
owned by the Reporting Person.
(b) The Reporting Person has sole power to vote and to dispose of
all of its shares. Mr. Burdick has sole power to vote and to
dispose of 25,000 of his shares (through his interest in
Sherlock's Home) and shared power to vote and to dispose of
1,662,500 of his shares (through his interest in the Reporting
Person). Mr. Wagenheim has shared power to vote and to dispose
of all of his shares (through his interest in NBV and his
interest in the Reporting Person). Mr. Wachman has shared
power to vote and to dispose of all of his shares (through his
interest in NBV and his interest in the Reporting Person). Mr.
Pew has sole power to vote and to dispose of 111,970 of his
shares (through securities held directly) and shared power to
vote and to dispose of 1,662,500 of his shares (through his
interest in the Reporting Person).
(c) See Item 3.
(d) The Reporting Person knows of no person who has the right to
receive or the power to direct the receipt of dividends from
or the proceeds from the sale of the shares reported herein,
except that Mr. Pew has a security interest in the units
purchased by NBV in Founders' initial public offering.
(e) Not applicable.
Page 8 of 17 Pages
<PAGE>
ITEM 6. CONTRACTS, ARRANGEMENTS OR UNDERSTANDINGS WITH RESPECT TO SECURITIES
OF THE ISSUER.
The shares reported herein as beneficially owned by the persons named
on Schedule I are subject to a lock-up agreement with the underwriter of
Founders' initial public offering. Pursuant to such agreements, none of the
persons named on Schedule I are permitted to dispose of the securities described
in Item 3 of this Amendment to Schedule 13D until June 6, 2001.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1 Form of Lock-Up Agreement
Page 9 of 17 Pages
<PAGE>
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: June 13, 2000 BREWING VENTURES LLC
/s/ Steven J. Wagenheim
-----------------------
Steven J. Wagenheim
Member
Page 10 of 17 Pages
<PAGE>
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: June 13, 2000 /s/ William E. Burdick
----------------------------
William E. Burdick
Page 11 of 17 Pages
<PAGE>
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: June 13, 2000 /s/ Steven J. Wagenheim
-------------------------------
Steven J. Wagenheim
Page 12 of 17 Pages
<PAGE>
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: June 13, 2000 /s/ Mitchel I. Wachman
-------------------------------
Mitchel I. Wachman
Page 13 of 17 Pages
<PAGE>
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: June 13, 2000 /s/ Arthur E. Pew III
-------------------------------
Arthur E. Pew III
Page 14 of 17 Pages
<PAGE>
SCHEDULE I
Controlling Members of Brewing Ventures LLC
<TABLE>
<CAPTION>
NAME OCCUPATION OR EMPLOYMENT
-------------------- -----------------------------------------------------------
<S> <C>
William E. Burdick Chairman of the Board, Brewmaster and Director of Founders
Steven J. Wagenheim President, Chief Executive Officer and Director of Founders
Mitchel I. Wachman Chief Financial Officer, Secretary and Director of Founders
Arthur E. Pew III Director of Founders
</TABLE>
Page 15 of 17 Pages
<PAGE>
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
----------- ------------------------------------------
1 Form of Lock-Up Agreement
Page 16 of 17 Pages
