<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 8)/1/
SHOWBIZ PIZZA TIME, INC.
------------------------
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
-----------------------------
(Title of Class of Securities)
0008253881309
-------------
(CUSIP Number)
GARY J. COHEN, ESQ.
-------------------
SIDLEY & AUSTIN
---------------
555 WEST FIFTH STREET, SUITE 4000
---------------------------------
LOS ANGELES, CALIFORNIA 90013-1010
-----------------------------------
(213) 896-6013
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
DECEMBER 7, 1995
----------------
(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(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.
(Continued on following pages)
(Page 1 of 18 Pages)
- --------------------
/1/ 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 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>
- ---------------------------- ---------------------
CUSIP NO. 0008253881 309 13D PAGE 2 OF 18 PAGES
- ---------------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
NEW VALLEY CORPORATION
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
5 ITEMS 2(d) OR 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
NEW YORK
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 711,519
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
9
PERSON 711,519
WITH -----------------------------------------------------------
SHARED DISPOSITIVE POWER
10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
711,519
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [_]
12
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
5.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ---------------------------- ---------------------
CUSIP NO. 0008253881 309 13D PAGE 3 OF 18 PAGES
- ---------------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
NEW VALLEY HOLDINGS, INC.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
AF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
5 ITEMS 2(d) OR 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 711,519
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
9
PERSON 711,519
WITH -----------------------------------------------------------
SHARED DISPOSITIVE POWER
10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
711,519
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [_]
12
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
5.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO; HC
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ---------------------------- ---------------------
CUSIP NO. 0008253881 309 13D PAGE 4 OF 18 PAGES
- ---------------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BGLS INC.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
AF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
5 ITEMS 2(d) OR 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 711,519
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
9
PERSON 711,519
WITH -----------------------------------------------------------
SHARED DISPOSITIVE POWER
10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
711,519
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [_]
12
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
5.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO; HC
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ---------------------------- ---------------------
CUSIP NO. 0008253881 309 13D PAGE 5 OF 18 PAGES
- ---------------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BROOKE GROUP LTD.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
AF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
5 ITEMS 2(d) OR 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 711,519
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
REPORTING
SOLE DISPOSITIVE POWER
PERSON 9
711,519
WITH
-----------------------------------------------------------
SHARED DISPOSITIVE POWER
10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
711,519
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [_]
12
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
5.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO; HC
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ---------------------------- ---------------------
CUSIP NO. 0008253881 309 13D PAGE 6 OF 18 PAGES
- ---------------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BENNETT S. LEBOW
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
AF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
5 ITEMS 2(d) OR 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
UNITED STATES
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 711,519
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
9
PERSON 711,519
WITH -----------------------------------------------------------
SHARED DISPOSITIVE POWER
10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
711,519
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [_]
12
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
5.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ---------------------------- ---------------------
CUSIP NO. 0008253881 309 13D PAGE 7 OF 18 PAGES
- ---------------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
CANYON PARTNERS INCORPORATED
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
N/A
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
5 ITEMS 2(d) OR 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
CALIFORNIA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
9
PERSON 0
WITH -----------------------------------------------------------
SHARED DISPOSITIVE POWER
10
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
19,100
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [_]
12
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
0.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO; BD
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ---------------------------- ---------------------
CUSIP NO. 0008253881 309 13D PAGE 8 OF 18 PAGES
- ---------------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
CPI SECURITIES, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
5 ITEMS 2(d) OR 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
CALIFORNIA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 15,800
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
9
PERSON 15,800
WITH -----------------------------------------------------------
SHARED DISPOSITIVE POWER
10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
19,100
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [_]
12
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
0.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ---------------------------- ---------------------
CUSIP NO. 0008253881 309 13D PAGE 9 OF 18 PAGES
- ---------------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
CANPARTNERS INCORPORATED
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
AF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
5 ITEMS 2(d) OR 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
CALIFORNIA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 15,800
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
9
PERSON 15,800
WITH -----------------------------------------------------------
SHARED DISPOSITIVE POWER
10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
19,100
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [_]
12
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
0.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ---------------------------- ---------------------
CUSIP NO. 0008253881 309 13D PAGE 10 OF 18 PAGES
- ---------------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
MITCHELL R. JULIS
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_] (b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
PF; AF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
5 ITEMS 2(d) OR 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
UNITED STATES
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,800
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
15,800
OWNED BY
-----------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
9
PERSON 1,800
WITH -----------------------------------------------------------
SHARED DISPOSITIVE POWER
10
15,800
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
19,100
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [_]
12
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
0.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ---------------------------- ---------------------
CUSIP NO. 0008253881 309 13D PAGE 11 OF 18 PAGES
- ---------------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
R. CHRISTIAN B. EVENSEN
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_] (b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
PF; AF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
5 ITEMS 2(d) OR 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
UNITED STATES
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
15,800
OWNED BY
-----------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
9
PERSON 1,000
WITH -----------------------------------------------------------
SHARED DISPOSITIVE POWER
10
15,800
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
19,100
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [_]
12
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
0.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ---------------------------- ---------------------
CUSIP NO. 0008253881 309 13D PAGE 12 OF 18 PAGES
- ---------------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
JOSHUA S. FRIEDMAN
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_] (b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
AF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
5 ITEMS 2(d) OR 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
UNITED STATES
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
15,800
OWNED BY
-----------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
9
PERSON 0
WITH -----------------------------------------------------------
SHARED DISPOSITIVE POWER
10
15,800
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
19,100
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [_]
12
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
0.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ---------------------------- ---------------------
CUSIP NO. 0008253881 309 13D PAGE 13 OF 18 PAGES
- ---------------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
K. ROBERT TURNER
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_] (b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
PF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
5 ITEMS 2(d) OR 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
UNITED STATES
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 500
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
9
PERSON 500
WITH -----------------------------------------------------------
SHARED DISPOSITIVE POWER
10
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
19,100
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [_]
12
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
0.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
The Schedule 13D filed with the Securities and Exchange Commission
(the "SEC") on April 26, 1995 (the "Schedule 13D") as amended by Amendments
No. 1, 2, 3, 4, 5, 6 and 7 filed with the SEC on behalf of New Valley
Corporation, New Valley Holdings, Inc., BGLS Inc., Brooke Group Ltd.,
Bennett S. LeBow, Canyon Partners Incorporated, CPI Securities, L.P.,
Canpartners Incorporated, Mitchell R. Julis, R. Christian B. Evensen,
Joshua S. Friedman and K. Robert Turner (collectively the "Reporting
Persons") in connection with the common stock, par value $0.10 per share,
of Showbiz Pizza Time, Inc., a Kansas corporation, is hereby amended as
follows (unless otherwise defined, all capitalized terms used herein shall
have the meanings set forth in the Schedule 13D).
This amendment to Schedule 13D is filed by the Reporting Persons to
update their holdings in the Company's Common Stock, their intention with
respect to future sales thereof, and to reflect the disbanding of the
Showbiz Pizza Independent Stockholders Committee.
Item 2 is hereby amended to add the following:
ITEM 2. Identity and Background
-----------------------
The Reporting Persons, constituting New Valley Corporation, New Valley
Holdings, Inc., BGLS Inc., Brooke Group Ltd., Bennett S. LeBow
(collectively, the "New Valley Reporting Persons"), and Canyon Partners
Incorporated, CPI Securities, L.P., Canpartners Incorporated, Mitchell R.
Julis, R. Christian B. Evensen, Joshua S. Friedman and K. Robert Turner
(collectively, the "Canyon Reporting Persons") formed the Showbiz Pizza
Independent Stockholders Committee to support the election of Joshua S.
Friedman to the Board of the Company. With the election of Mr. Friedman to
the Board in June 1995, the Showbiz Pizza Independent Stockholders
Committee has disbanded. From and after the date hereof, the New Valley
Reporting Persons and the Canyon Reporting Persons will file as separate
Reporting Persons under Schedule 13D to the extent required by applicable
law.
Item 4 is hereby amended to add the following:
ITEM 4. Purpose of Transaction
----------------------
Joshua S. Friedman was elected a director of the Company at the 1995
annual meeting of stockholders held on June 8, 1995. In addition, two
directors supported by management of the Company were also elected.
Management nominee Michael Magusiak was not elected, and, since that date,
Mr. Magusiak has filed an action in the state court in Kansas against Mr.
Friedman and, nominally, the Company, challenging the election of Mr.
Friedman and the tabulation of certain votes as certified by the Inspector
of Elections chosen by the Company prior to the annual meeting. The
Company is supporting Mr. Magusiak in the action.
In the original Schedule 13D, the Reporting Persons noted:
14
<PAGE>
"...the Reporting Persons will consider a variety of alternatives
with respect to their investment in the Company, including, without
limitation, (a) the acquisition of additional securities of the
Company or the disposition of securities of the Company; (b) an
extraordinary corporate transaction, such as a merger, reorganization
or liquidation, involving the Company or any of its subsidiaries; (c)
a sale or transfer of a material amount of assets of the Company or
any of its subsidiaries; (d) a change in the present Board of
Directors or management of the Company; (e) any material change in the
present capitalization or dividend policy of the Company; (f) any
other material change in the Company's business or corporate
structure; (g) causing a class of securities of the Company to be
delisted from a national securities exchange or to cease to be
authorized to be quoted in an inter-dealer quotation system of a
registered national securities association; (h) causing a class of
equity securities of the Company becoming eligible for termination of
registration pursuant to Section 12(g)(4) of the Securities Exchange
Act of 1934, as amended; or (i) any action similar to any of those
enumerated above. There is no assurance that the Reporting Persons
will develop any plans or proposals with respect to any of the
foregoing matters. Any alternatives which the Reporting Persons may
pursue will depend upon a variety of factors, including, without
limitation, current and anticipated future trading prices for the
Shares, the financial condition, results of operations and prospects
of the Company and general economic, financial market and industry
conditions."
Since the date of the original Schedule 13D filing, certain of the
actions suggested by the Independent Stockholders Committee, including more
aggressive pursuit of financing alternatives for the Company, have been
implemented. The Reporting Persons have determined to consider from
time to time the sale of the Shares owned by them in public or private
transactions and are no longer considering any of items (b) through (i)
above. The first such sale of 50,000 Shares was made by New Valley
Corporation on December 7, 1995.
Item 5 is hereby amended to add the following:
ITEM 5. Interest in Securities of the Issuer
------------------------------------
(a) On the date hereof, the New Valley Reporting Persons beneficially
own an aggregate of 711,519 shares of the Company's common stock, which
constituted approximately 5.8% of the 12,215,177 shares of common stock of
the Company outstanding as of September 29, 1995 (as reported in the
Company's quarterly report on Form 10-Q for the quarterly period ended
September 30, 1995 (the "Form 10-Q")). On the date hereof, the Canyon
Reporting Persons beneficially own an aggregate of 19,100 shares of the
Company's common stock, which constituted approximately 0.2% of the common
stock of the Company outstanding as of September 29, 1995 (as reported in
the Form 10-Q).
(b) Due to the termination of the financial advisory agreement
described in item 6 below, the Shares beneficially owned by the New Valley
Reporting Persons no longer
15
<PAGE>
include Shares beneficially owned by the Canyon Reporting Persons, and the
Shares beneficially owned by the Canyon Reporting Persons no longer include
Shares beneficially owned by the New Valley Reporting Persons. Upon the
conclusion of the sale described herein, the New Valley Reporting Persons
had voting and dispositive power over an aggregate of 711,519 Shares. The
Canyon Reporting Persons had voting and dispositive power over an aggregate
of 19,100 Shares.
(c) On December 7, 1995, New Valley Corporation sold 50,000 shares of
common stock of the Company. The sales were conducted in regular brokers
transactions through the NASDAQ stock market at a price of $12.50 per
share. No other Reporting Person has purchased or sold any shares of
common stock held by such person within the prior 60 days.
(d) See the financial advisory agreement dated as of March 15, 1995,
attached as Exhibit B to the Schedule 13D filed on April 26, 1995, which
agreement was terminated as of December 7, 1995, but which continues in
certain respects as to compensation, indemnification and confidentiality.
(e) As of December 7, 1995, the Canyon Reporting Persons ceased
having voting or dispositive power over more than 5% of the Company's
common stock. See Item 2 above.
Item 6 is hereby amended to add the following:
ITEM 6. Contracts, Arrangements, Understandings or Relationships with
-------------------------------------------------------------
respect to Securities of the Issuer
-----------------------------------
Canyon Partners Incorporated and New Valley Corporation have
previously entered into a financial advisory agreement dated as of March
15, 1995, attached as Exhibit B to the Schedule 13D filed on April 26,
1995. That agreement was terminated as of December 7, 1995, and, except as
to certain aspects thereof pertaining to compensation, indemnification and
confidentiality, is no longer of any force or effect.
16
<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: December 11, 1995
NEW VALLEY CORPORATION
By: /s/ Gerald E. Sauter
--------------------
Name: Gerald E. Sauter
Title: Chief Financial Officer
NEW VALLEY HOLDINGS, INC.
By: /s/ Gerald E. Sauter
--------------------
Name: Gerald E. Sauter
Title: Chief Financial Officer
BGLS INC.
By: /s/ Gerald E. Sauter
--------------------
Name: Gerald E. Sauter
Title: Chief Financial Officer
BROOKE GROUP LTD.
By: /s/ Gerald E. Sauter
--------------------
Name: Gerald E. Sauter
Title: Chief Financial Officer
BENNETT S. LEBOW
By: /s/ Bennett S. LeBow
--------------------
17
<PAGE>
CANYON PARTNERS INCORPORATED
By: /s/ R. Christian B. Evensen
---------------------------
Name: R. Christian B. Evensen
Title: President
CPI SECURITIES, L.P.
By: Canpartners Incorporated, its General
Partner
By: /s/ R. Christian B. Evensen
---------------------------
Name: R. Christian B. Evensen
Title: President
CANPARTNERS INCORPORATED
By: /s/ R. Christian B. Evensen
---------------------------
Name: R. Christian B. Evensen
Title: President
MITCHELL R. JULIS
By: /s/ Mitchell R. Julis
---------------------
R. CHRISTIAN B. EVENSEN
By: /s/ R. Christian B. Evensen
---------------------------
JOSHUA S. FRIEDMAN
By: /s/ Joshua S. Friedman
----------------------
K. ROBERT TURNER
By: /s/ K. Robert Turner
--------------------
18
