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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Consolidated-Tomoka Land Co.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
210226106
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(CUSIP Number)
Harvey Goldman
Henri L. Wedell Steel Hector & Davis LLP
125 Norwal 200 South Biscayne Boulevard, Suite 4000
Memphis, TN 38117 Miami, FL 33131-2398
(901) 683-6668 (305) 577-7011
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(Name, Address, and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 5, 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 Sections 240.13d-1(e), 240.13d-1(f) or 140.13d-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 240.13d-7 for other
parties to whom copies are to be sent.
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).
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Cusip No. 210226106
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1. Names of Reporting Persons.
Henri L. Wedell (1)
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2. Check the Appropriate Box if a Member of a
Group (See Instructions) (a) [X]
(b)
-------- -----------------------------------------------------------------------
3. SEC Use Only
-------- -----------------------------------------------------------------------
4. Source of Funds PF/OO
-------- -----------------------------------------------------------------------
5. Check 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 97,200
------- ------------------------- ---------------
Number of Shares 8. Shared Voting Power 20,600
Beneficially Owned by Each
Reporting Person With ------- ------------------------- ---------------
9. Sole Dispositive Power 97,200
------- ------------------------- ---------------
10. Shared Dispositive Power 20,600
-------- -----------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each
Reporting Person 117,800
-------- -----------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
-------- -----------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 2.0% (2)
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14. Type of Reporting Person (See Instructions) IN
-------- -----------------------------------------------------------------------
(1) Henri L. Wedell has sole voting and dispositive power over accounts in his
name, has shared voting and dispositive power with Marsha M. Wedell as
trustees for the benefit of the L.G. Miller GST Exempt Trust U/A/O 6/18/96
(the "LG Miller Trust"), and is beneficiary of the U/W/O C. Wedell
Wedellsborg FBO Henri Wedell Spendthrift Trust (the "Spendthrift Trust").
Each of these accounts or trusts hold Shares, as defined in Item 1 below.
(2) Calculation based on 5,814,000 Shares outstanding as of September 11, 2000.
<PAGE> 3
Cusip No. 210226106
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1. Names of Reporting Persons.
Marsha M. Wedell (1)
-------- -----------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b)
-------- -----------------------------------------------------------------------
3. SEC Use Only
-------- -----------------------------------------------------------------------
4. Source of Funds PF/OO
-------- -----------------------------------------------------------------------
5. Check 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 208,900
------- ---------------------------------- --------
Number of Shares 8. Shared Voting Power 20,600
Beneficially Owned by Each
Reporting Person With ------- ---------------------------------- --------
9. Sole Dispositive Power 208,900
------- ---------------------------------- --------
10. Shared Dispositive Power 20,600
----------------------------------------------------------------------- --------
11. Aggregate Amount Beneficially Owned by Each Reporting Person 229,500
----------------------------------------------------------------------- --------
12. Check if the Aggregate Amount in Row (11) Excludes Certain [ ]
Shares (See Instructions)
----------------------------------------------------------------------- --------
13. Percent of Class Represented by Amount in Row (11) 4.0%(2)
----------------------------------------------------------------------- --------
14. Type of Reporting Person (See Instructions) IN
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(1) Marsha M. Wedell has sole voting and dispositive power over accounts in her
name, has shared voting and dispositive power with Henri L. Wedell as
trustees for the benefit of the L.G. Miller Trust, and has sole voting and
dispositive power as trustee of the Spendthrift Trust. Each of these
accounts and trusts hold Shares.
(2) Calculation based on 5,814,000 Shares outstanding as of September 11, 2000.
<PAGE> 4
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1. Names of Reporting Persons.
Visse M. Wedell (1)
-------- ------------------------------------------------------------ --------
2. Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b)
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3. SEC Use Only
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4. Source of Funds OO
-------- -----------------------------------------------------------------------
5. Check 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 0
------ ----------------------------------- --------
Number of Shares 8. Shared Voting Power 18,500
Beneficially Owned by Each
Reporting Person With ------ ----------------------------------- --------
9. Sole Dispositive Power 0
------ ----------------------------------- --------
10. Shared Dispositive Power 18,500
-------- ------------------------------------------------------------ --------
11. Aggregate Amount Beneficially Owned by Each Reporting Person 18,500
-------- ------------------------------------------------------------ --------
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) [ ]
-------- ------------------------------------------------------------ --------
13. Percent of Class Represented by Amount in Row (11) .3%(2)
-------- ------------------------------------------------------------ --------
14. Type of Reporting Person (See Instructions) IN
-------- ------------------------------------------------------------ --------
(1) Visse M. Wedell has shared voting and dispositive power, with W. Lytle
Nichol IV, as joint trustee over The Visse Wedell Grantor Trust (the
"Grantor Trust"), which holds Shares. Visse M. Wedell is also the sole
beneficiary of the Grantor Trust.
(2) Calculation based on 5,814,000 shares outstanding as of September 11, 2000.
<PAGE> 5
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1. Names of Reporting Persons.
W. Lytle Nichol IV (1)
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2. Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b)
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3. SEC Use Only
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4. Source of Funds OO
-------- -----------------------------------------------------------------------
5. Check 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 0
------- ---------------------------------- ---------
Number of Shares 8. Shared Voting Power 18,500
Beneficially Owned by Each
Reporting Person With ------- ---------------------------------- ---------
9. Sole Dispositive Power 0
------- ---------------------------------- ---------
10. Shared Dispositive Power 18,500
-------- ------------------------------------------------------------ ---------
11. Aggregate Amount Beneficially Owned by Each Reporting Person 18,500
-------- ------------------------------------------------------------ ---------
12. Check if the Aggregate Amount in Row (11) Excludes Certain [ ]
Shares (See Instructions)
-------- ------------------------------------------------------------ ---------
13. Percent of Class Represented by Amount in Row (11) .3% (2)
-------- ------------------------------------------------------------ ---------
14. Type of Reporting Person (See Instructions) IN
-------- ------------------------------------------------------------ ---------
(1) W. Lytle Nichol IV has shared voting and dispositive power as joint
trustee, with Visse M. Wedell, over The Grantor Trust, which holds
Shares.
(2) Calculation based on 5,814,000 Shares outstanding as of September 11, 2000.
ITEM 1. SECURITY AND ISSUER
The class of equity securities to which this Schedule 13D relates is the Common
Stock, $1.00 par value per share (the "Shares") of Consolidated-Tomoka Land Co.
(the "Company"), whose principal executive offices are located at 149 South
Ridgewood Avenue, Daytona Beach, Florida 32114.
<PAGE> 6
ITEM 2. IDENTITY AND BACKGROUND
The relevant information for Henri L. Wedell, Marsha M. Wedell, Visse M. Wedell,
and W. Lytle Nichol IV (collectively, the "Reporting Persons") are as follows:
-------------- ---------- ------------------------------------------------------
(i) (a) Henri L. Wedell
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(b) 125 Norwal
Memphis, TN 38117
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(c) Investments
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(d) In the last five years, Henri L. Wedell has not been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
-------------- ---------- ------------------------------------------------------
(e) In the last five years, Henri L. Wedell has not been a
party to a civil proceeding of a judicial or
administrative body of competent jurisdiction that has
resulted in a judgment, decree or final order
enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state
securities laws or in a finding of any violation with
respect to such laws.
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(f) United States
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-------------- ---------- ------------------------------------------------------
(ii) (a) Marsha M. Wedell
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(b) 125 Norwal
Memphis, TN 38117
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(c) None
-------------- ---------- ------------------------------------------------------
(d) In the last five years, Marsha M. Wedell has not been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
-------------- ---------- ------------------------------------------------------
(e) In the last five years, Marsha M. Wedell has not been
a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction that has
resulted in a judgment, decree or final order
enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state
securities laws or in a finding of any violation with
respect to such laws.
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(f) United States
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-------------- ---------- ------------------------------------------------------
(iii) (a) Visse M. Wedell
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(b) c/o Christie's, Inc.
20 Rockefeller Plaza
New York, NY 10020
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(c) Assistant Manager
Christie's Inc. (Auction House)
20 Rockefeller Plaza
New York, NY 10020
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(d) In the last five years, Visse M. Wedell has not been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
-------------- ---------- ------------------------------------------------------
(e) In the last five years, Visse M. Wedell has not been a
party to a civil proceeding of a judicial or
administrative body of competent jurisdiction that has
resulted in a judgment, decree or final order
enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state
securities laws or in a finding of any violation with
respect to such laws.
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(f) United States
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(iv) (a) W. Lytle Nichol IV
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(b) Stokes Bartholomew Evans & Petree
81 Monroe Avenue
Memphis, TN 38103
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(c) Attorney
Stokes Bartholomew Evans & Petree
81 Monroe Avenue
Memphis, TN 38103
-------------- ---------- ------------------------------------------------------
(d) In the last five years, W. Lytle Nichol IV has not
been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
-------------- ---------- ------------------------------------------------------
(e) In the last five years, W. Lytle Nichol IV has not
been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction that has
resulted in a judgment, decree or final order
enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state
securities laws or in a finding of any violation with
respect to such laws.
-------------- ---------- ------------------------------------------------------
(f) United States
-------------- ---------- ------------------------------------------------------
<PAGE> 8
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The source and amount of funds for the personal and trust accounts is as
follows:
<TABLE>
<CAPTION>
------------------------------------------------ ----------------------- ----------------------- ---------------------
Account Number of Shares Amount of Funds Source of Funds
------------------------------------------------ ----------------------- ----------------------- ---------------------
<S> <C> <C> <C>
Henri L. Wedell, personal accounts 97,200 $1,148,541.00 Personal Funds
------------------------------------------------ ----------------------- ----------------------- ---------------------
Marsha M. Wedell, personal accounts 184,800 2,073,406.19 Personal Funds
------------------------------------------------ ----------------------- ----------------------- ---------------------
LG Miller Trust 20,600 248,029.09 Trust Funds
------------------------------------------------ ----------------------- ----------------------- ---------------------
Spendthrift Trust 34,100 412,589.15 Trust Funds
------------------------------------------------ ----------------------- ----------------------- ---------------------
Grantor Trust 18,500 213,740.79 Trust Funds
------------------------------------------------ ----------------------- ----------------------- ---------------------
Total 355,200 $4,096,306.22
------------------------------------------------ ----------------------- ----------------------- ---------------------
</TABLE>
ITEM 4. PURPOSE OF TRANSACTION
The Reporting Persons have no present plans or proposals which relate to or
would result in any of the following (although the Reporting Persons reserve the
right to develop such plans or proposals or any other plans relating to the
Company and to take action with respect thereto): (a) the acquisition by any
person of additional securities of the Company (acquisition or disposition of
shares of the Company will depend on market conditions and other relevant
factors); (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) any change in the present board of
directors or management of the Company, including any plans or proposals to
change the number or term of directors or to fill any existing vacancies on the
board; (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) changes in the Company's charter, bylaws, or
instruments corresponding thereto or other actions which may impede the
acquisition of control of the Company by any person; (h) 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; (i) 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 (j) any
action similar to any of those enumerated above.
Notwithstanding the Reporting Persons' lack of present intent to undertake any
of the transactions specified in clauses (a) through (j) above, the Reporting
Persons' main objective is to maximize shareholder value. To that end, Henri L.
Wedell or the other Reporting Persons may participate in interviews or hold
discussions with third parties and other shareholders of the Company, and have
discussions with management and board members of the Company in an effort to
improve corporate performance and maximize shareholder value, and such
conversations, interviews, and discussions may relate to one or more of the
<PAGE> 9
transactions specified in clauses (a) through (j) above. The Reporting Persons
have acquired the shares for investment purposes. In the ordinary course of
business, the Reporting Persons will continuously assess the Company's business,
financial condition, results of operations and prospects, general economic,
financial and industry conditions, the securities markets and future trading
prices in general and those for the Company's securities in particular, other
developments and other investment opportunities. Depending on such assessments,
the Reporting Persons may acquire additional Shares or may decide to sell or
otherwise dispose of all or some of their Shares.
ITEM 5. INTEREST IN SECURITIES OF ISSUER
The responses to Items 7, 8, 9, 10, 11, and 13, and any footnotes thereto, of
the inside cover pages of this Schedule 13D for each of the Reporting Persons
are hereby incorporated by reference in response to this Item 5.
In the aggregate, the Reporting Persons have sole or shared voting and
dispositive power over 355,200 Shares. The Company's Form 10-Q for the quarter
ended June 30, 2000 reports 5,826,614 Shares outstanding; however, as of
September 11, 2000, the American Stock Exchange lists 5,814,000 Shares
outstanding; therefore, the Reporting Persons' 355,200 shares constitute 6.1% of
the presently outstanding class of Common Stock.
The trading dates, number of Shares purchased, and average price per share for
all transactions in the Shares by the Reporting Persons during the past 60 days
are set forth as follows:
<TABLE>
<CAPTION>
------------------------------- ---------------------------- ---------------------------- ----------------------------
Reporting Person Trading Date Number of Shares Average Price/Share
------------------------------- ---------------------------- ---------------------------- ----------------------------
<S> <C> <C> <C>
Henri L. Wedell September 5, 2000 19,000 $12.05
------------------------------- ---------------------------- ---------------------------- ----------------------------
Marsha M. Wedell, as trustee September 5, 2000 19,000 $12.00
for the Spendthrift Trust
------------------------------- ---------------------------- ---------------------------- ----------------------------
Marsha M. Wedell September 5, 2000 12,000 $12.00
------------------------------- ---------------------------- ---------------------------- ----------------------------
Henri L. Wedell September 11, 2000 12,200 $11.75
------------------------------- ---------------------------- ---------------------------- ----------------------------
Marsha M. Wedell September 11, 2000 8,000 $11.75
------------------------------- ---------------------------- ---------------------------- ----------------------------
</TABLE>
All such transactions were open market transactions and were effected on the
American Stock Exchange.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE COMPANY.
Henri L. Wedell and Marsha M. Wedell are married. Visse M. Wedell is the
daughter of Henri L. Wedell and Marsha M. Wedell. W. Lytle Nichol IV is the
personal attorney for the Wedell's. The Reporting Persons have no formal, legal
contract or arrangement with respect to the acquisition, disposition, or voting
of the Shares; however, the Reporting Persons may act in concert with regard to
the acquisition or disposition of such securities, subject to the fiduciary
obligations of certain Reporting Persons as a trustee for any trust disclosed
herein.
<PAGE> 10
ITEM 7. EXHIBITS
Exhibit A Joint Filing Agreement dated September 14, 2000
<PAGE> 11
SIGNATURES
After reasonable inquiry and to their best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete, and correct.
Date: September 15, 2000
Signature: /s/ Henri L. Wedell
------------------------------------------------------
Name: Henri L. Wedell, individually and as Trustee for the
LG Miller Trust
Signature: /s/ Marsha M. Wedell
------------------------------------------------------
Name: Marsha M. Wedell, individually and as Trustee for the
LG Miller Trust and the Spendthrift Trust
Signature: /s/ Visse M. Wedell
------------------------------------------------------
Name: Visse M. Wedell, as Trustee for the Grantor Trust
Signature: /s/ W. Lytle Nichol IV
------------------------------------------------------
Name: W. Lytle Nichol IV, as Trustee for the Grantor Trust
<PAGE> 12
EXHIBIT A
JOINT FILING OF SCHEDULE 13D
The undersigned hereby agree, in accordance with Rule 13d-1(k) under the
Securities Exchange Act of 1934, that the Schedule 13D filed herewith, and any
amendments thereto, relating to the undersigned's ownership of securities of
Consolidated-Tomoka Land Co., a Florida corporation, is, and will be, filed
jointly on behalf of each such person.
Date: September 14, 2000
Signature: /s/ Henri L. Wedell
-----------------------------------------------------
Name: Henri L. Wedell, individually and as Trustee for the
LG Miller Trust
Signature: /s/ Marsha M. Wedell
-----------------------------------------------------
Name: Marsha M. Wedell, individually and as Trustee for the
LG Miller Trust and the Spendthrift Trust
Signature: /s/ Visse M. Wedell
-----------------------------------------------------
Name: Visse M. Wedell, as Trustee for the Grantor Trust
Signature: /s/ W. Lytle Nichol IV
-----------------------------------------------------
Name: W. Lytle Nichol IV, as Trustee for the Grantor Trust
