<PAGE>
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OMB APPROVAL
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OMB Number:3236-0145
Expires: September 30, 1998
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 7 )*
---
HUNTWAY REFINING COMPANY
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK $0.01/share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
447309-10-5
--------------------------------------------
(CUSIP Number)
Mr. Andre Danesh, Allied Financial Corporation
1330 Beacon Street, Brookline, MA 02446
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notice
and Communications)
September 4, 1998
-------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13Q 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 [_].
Check the following box if a fee is being paid with the statement [_]. (A fee is
not required only if the reporting person; (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
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
- ----------------------- ---------------------
CUSIP NO. 447309-10-5 PAGE 2 OF 12 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ANDRE DANESH
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,292,268
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
1,933,959
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 3,226,227
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,933,959
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
3,226,227
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
21.68
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 447309-10-5 PAGE 3 OF 12 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ALLIED FINANCIAL CORP. PROFIT SHARING PLAN
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 763,200
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 763,200
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
763,200
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.12%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
EP
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 447309-10-5 PAGE 4 OF 12 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
E & S INVESTMENTS
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 659,900
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 659,900
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
659,900
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.43%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
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CUSIP NO. 447309-10-5 PAGE 5 OF 12 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ALLIED INVESTMENTS
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 128,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 128,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
128,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.86%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
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CUSIP NO. 447309-10-5 PAGE 6 OF 12 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ANDRE DANESH 1997 IRRY
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
1,146,059
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
1,146,059
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,146,059
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
7.70%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
EP
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
ITEM 1 Security and Issuer
- ------ -------------------
This Amendment No. 7 to Schedule 13D is filled with respect to Huntway
Refining Company (the "Issuer") which has its principal executive offices at
25129 The Old Road Suite 322 Newhall, CA 91381, (805) 254-1220, and this filing
relates to its common stock, par value of $.01 (the "Common Stock"), which is
listed for trading on the New York Stock Exchange.
ITEM 2. Identity and Background
- ------ -----------------------
This Amendment No. 7 to Schedule 13D is filed by a group of persons (the
"Group") listed below.
1. Andre Danesh. Mr Danesh's business address is c/o Allied Financial
Corp., 1330 Beacon Street, Brookline, Massachusetts 02446. Mr. Danesh's
principal occupation is as an investor and he is President of Allied Financial
Corp. which has its principal address as set forth above. Mr. Danesh is an
American citizen.
2. Allied Financial Corp. Profit Sharing Plan (the "Profit Sharing
Plan"). The Profit Sharing Plan is a qualified sharing trust established under
Massachusetts law and has the same principal address as Andre Danesh. Mr.Danesh,
identified above, is the sole trustee of the Profit Sharing Plan.
3. E & S Investments ("E & S"). (E&S is an investment partnership of
which Erik Danesh and Sonya Danesh are the sole partners and of which Andre
Danesh, identified above, is General Manager, Erik Danesh and Sonya Danesh,
Andre Danesh's children, both reside at 188 Mason Terrace, Brookline,
Massachusetts 02446.
4. Allied Investments ("AI"). AI is an investment partnership formed
under Massachusetts law having a business address as set forth above of which
Andre Danesh, identified above, Doris Sani and Ester Sani are partners. Ester
and Doris Sani reside at 1225 Washington Ave, Santa, Monica, CA 90403 and both
are U.S. immigrants.
5. Andre Danesh 1997 IRRY (A.D. 1997 IRRY) is an irrevocable Trust of
which Erik Danesh and Sonya Danesh are the sole beneficiaries and both reside at
188 Mason Terrace, Brookline, MA 02446.
During the past five years no identified person or entity (i) has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors); or (ii) was a party to a civil proceeding of a judicial or
administrative body or 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.
(7)
<PAGE>
ITEM 3. Item and Amount of Funds or other Consideration
-----------------------------------------------
The amount of funds used in making purchases of the Issuer's
securities is set forth in Item 5 under "transactions". All purchases were from
Linder Groth Fund. The source of all funds used were the personal funds of the
Group members and some funds were borrowed in connection with these specific
transactions; certain members of the Group from time to time to borrow from
certain commercial banks making loans in the ordinary course.
ITEM 4. Purpose of Transactions
-----------------------
The securities acquired have been acquired for investment. While the
group members have no present plan to do so, Group members may from time to time
purchase or sell securities of the Issuer either in private transactions or open
market transactions either alone or together with others, and such purchases or
sales may be in substantial amounts. Group members may buy between 20 and 50
percent of common stock. Also, Group members reserve the right to conduct a
tender offer at any future date although no plan to do so has been formulated as
of this date. Except as set forth above, the Group members do not have any,
plans or proposals which relate to or would result in any of the transactions
set forth in Item 4 of Schedule 13D.
ITEM 5. Interest in Securities of the Issuer
------------------------------------
5a. The Group members have been a major instrument in restructuring and
financing Huntway's debts. AS a result, the Group members were give options to
buy 600,000 shares of Huntway at $.50/share. In addition, the Group members will
be receiving $245,000 for their services.
(6)
<PAGE>
5b. The Group members ownership of the issuer's Common Stock is as follows:
Actual Ownership (1)
--------------------
Common Stock
------------
Andre Danesh 529,068
Profit Sharing Plan 763,200
E & S 659,900
Al 128,000
Andre Danesh 1,148,059
Beneficial Ownership (1)
------------------------
<TABLE>
<CAPTION>
Sole % (1) - Shared Total % (1)
---- ----- ------ ----- -----
<S> <C> <C> <C> <C> <C>
Andre Danesh 1,292,268 8.68 1,933,959 3,226,227 21.88
Profit Sharing 763,200 5.12 763,200 5.12
E & S 659,900 4.43 659,900 4.43
Al 128,000 0.88 128,000 0.88
A.D. 1997 IRRY 1,148,059 7.70 1,146,059 7.70
</TABLE>
(1) As reported in Report on Form 10-Q for the quarter ending June 30, 1998,
14,880,971 shares are assumed to be outstanding.
(2) Mr. Danesh may be regarded as having sole voting and investing power over
the Profit Sharing Plan's shares.
(3) Mr. Danesh may be regarded as having shared voting and investment power
over E & S's shares, Al's shares and A.D. 1997 IRRY option
The following is a list of all transactions in securities of the issuer by Group
members in the sixty (60) days preceding the date of the event which requires
this filing. All transactions were made on the New York Stock Exchange or in the
third market through registered broker-dealers.
TRANSACTIONS
------------
DATE PERSON TRANSACTION AMOUNT PRICE
- ---- ------ ----------- ------ -----
(1) Andre Danesh Purch CS 148,868 $1.00
(1) E & S Investment Purch CS 500,000 $1.00
(1) Profit Sharing Plan Purch CS 500,000 $1.00
(1) These purchases were made on 8/28/98 which will amount to 7.9% of the
outstanding shares
(9)
<PAGE>
ITEM 6 Contracts, Arrangements, Understandings or Relationships with
- ------ -------------------------------------------------------------
Respect to securities of the Issuer
-----------------------------------
ITEM 7 Material to be filed as Exhibits
- ------ --------------------------------
A. Joint Filing Agreement
(10)
<PAGE>
SIGNATURE
- ---------
After reasonable inquiry and to the best of my information and belief, I certify
that the information set forth in this statement is true, complete and correct
as of September 4, 1998.
Dated: September 4, 1998
/s/ Andre Danesh
---------------------------
Andre Danesh
ALLIED FINANCIAL CORP.
PROFIT SHARING PLAN
BY: /s/ Andre Danesh
-----------------------
Andre Danesh
Sole Trustee
E & S INVESTMENTS
BY /s/ Andre Danesh
------------------------
Andre Danesh
General Manager
ALLIED INVESTMENTS
By: /s/ Andre Danesh
------------------------
Andre Danesh
General Partner
(11)
<PAGE>
EXHIBIT A
JOINT FILING AGREEMENT
----------------------
The undersigned hereby agree that Amendment No. 7 to Schedule 13D with respect
to the shares of Huntway Limited Partners is filed on behalf of each of us
pursuant to and in accordance with the provisions of Rule 13 D-1 (f) under the
Securities and Exchange Act of 1934, as amended.
Dated: September 4, 1998
/s/ Andre Danesh
--------------------------------
Andre Danesh
ALLIED FINANCIAL CORP
PROFIT SHARING PLAN
By /s/ Andre Danesh
-----------------------------
Andre Danesh
Sole Trustee
E & S INVESTMENTS
By /s/ Andre Danesh
-----------------------------
Andre Danesh
General Manager
ALLIED INVESTMENTS
By /s/ Andre Danesh
-----------------------------
Andre Danesh
General Manager
(12)
