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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No._____)*
AMRESCO, INC.
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(Name of Issuer)
Common Stock, $.05 par value
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(Title of Class of Securities)
031909 10 4
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(CUSIP Number)
October 18, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in 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).
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CUSIP NO. 031909 10 4 13G Page 2 of 7
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Prescott Group Aggressive Small Cap, L.P.
EIN: 73-1414533
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Oklahoma
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5 SOLE VOTING POWER
NUMBER OF 543,500
SHARES -----------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
-0-
OWNED BY
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 543,500
PERSON -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
543,500
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.4%
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TYPE OF REPORTING PERSON
12.
PN
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CUSIP NO. 031909 10 4 13G Page 3 of 7
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Phil Frohlich
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5 SOLE VOTING POWER
NUMBER OF 77,360
SHARES -----------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
543,500
OWNED BY
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 77,360
PERSON -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
543,500
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
620,860
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.2%
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12 TYPE OF REPORTING PERSON
IN
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CUSIP NO. 031909 10 4 13G Page 4 of 7
Item 1. (a) Name of Issuer:
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AMRESCO, INC.
(b) Address of Issuer's Principal Executive Offices:
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700 North Pearl Street
Suite 1900, LB 342
Dallas, Texas 75201-7424
Item 2. (a) Name of Persons Filing:
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Prescott Group Aggressive Small Cap, L.P. and Phil Frohlich
(b) Address of Principal Business Office:
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All of the Reporting Persons have their principal places of
business at:
1924 South Utica, Suite 1120
Tulsa, Oklahoma 74104-6529
(c) Citizenship:
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Prescott Group Aggressive Small Cap, L.P. is an Oklahoma limited
partnership.
Phil Frohlich is a citizen of the United States of America
(d) Title of Class of Securities:
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Common Stock, par value $.05
(e) CUSIP Number:
------------
031909 10 4
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or
------ --------------------------------------------------------------------
(c), check whether the person filing is a:
-----------------------------------------
[_] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
[_] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
[_] Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
[_] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
[_] An investment adviser in accordance with
(S)240.13d-1(b)(1)(ii)(E);
[_] An employee benefit plan or endowment fund in accordance with
(S)240.13d-1(b)(1)(ii)(F);
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CUSIP NO. 031909 10 4 13G Page 5 of 7
[_] A parent holding company or control person in accordance with
(S)240.13d-1(b)(1)(ii)(G);
[_] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
[_] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
[_] Group, in accordance with (S)240.13d-1(b)(1)(ii)(J).
Item 4. Ownership.
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Incorporated by reference to items (5) through (9) and (11) of the
cover page pertaining to each Reporting Person.
Item 5. Ownership of Five Percent or Less of a Class.
------ --------------------------------------------
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
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Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the
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Security Being Reported on By the Parent Holding Company.
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Not Applicable
Item 8. Identification and Classification of Members of the Group.
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Not Applicable
Item 9. Notice of Dissolution of Group.
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Not Applicable
Item 10. Certification.
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By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
Exhibit A Joint Filing Agreement
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CUSIP NO. 031909 10 4 13G Page 6 of 7
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.
Prescott Group Aggressive Small Cap, L.P.,
an Oklahoma limited partnership
By: Prescott Group Capital Management,
L.L.C., General Partner
Dated: October 27, 2000 By /s/ Phil Frohlich
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Phil Frohlich, Manager
Dated: October 27, 2000 /s/ Phil Frolich
--------------------------------
Phil Frohlich
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CUSIP NO. 031909 10 4 13G Page 7 of 7
EXHIBIT A
JOINT FILING AGREEMENT
This Joint Filing Agreement (this "Agreement") dated as of the 27th day of
October, 2000, is by and between the undersigned parties.
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934,
as amended, the undersigned agree to the joint filing on behalf of each of them
of a statement on Schedule 13G (including amendments thereto) with respect to
the common stock of Amresco, Inc., a Delaware corporation, and further agree
that this Agreement be included as an exhibit to such joint filing (including
amendments thereto).
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the
date first above written.
Prescott Group Aggressive Small Cap, L.P.,
an Oklahoma limited partnership
By: Prescott Group Capital Management,
L.L.C., General Partner
By /s/ Phil Frolich
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Phil Frohlich, Manager
/s/ Phil Frolich
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Phil Frohlich
